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Top 3 Best performing ELSS (Tax Saving) Mutual Funds for 2021 | Fincash.com

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Top 3 Best Tax Saving ELSS Mutual Funds for 2021

Updated on April 12, 2021 , 2227 views

Best elss Funds or Equity Linked Savings Schemes (Tax Saving) are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide market-linked returns. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments. Best ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. Moreover, the ELSS Mutual Funds are open-ended, which means that the investors can subscribe in these funds as and when they want. However, before Investing in these tax saving Mutual Funds, it is suggested to consider a list of best ELSS funds.

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Top 3 ELSS Funds To Invest In 2021

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2020 (%)
DSP BlackRock Tax Saver Fund Growth ₹64.861
↑ 0.82
₹7,8832.93165.311.915.215
Invesco India Tax Plan Growth ₹66.4
↑ 0.68
₹1,461021.255.610.514.119.2
Tata India Tax Savings Fund Growth ₹22.7569
↑ 0.35
₹2,6360.623.257.98.913.611.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Apr 21

1. Mirae Asset Tax Saver Fund

The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns.

Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 19% since its launch.  Return for 2020 was 21.5% , 2019 was 14.1% and 2018 was -2.3% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (13 Apr 21) ₹25.08 ↑ 0.35   (1.43 %)
Net Assets (Cr) ₹6,351 on 28 Feb 21
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.63
Sharpe Ratio 1.02
Information Ratio 1.12
Alpha Ratio 5.26
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹13,829
31 Mar 18₹16,061
31 Mar 19₹18,098
31 Mar 20₹14,060
31 Mar 21₹26,154

Mirae Asset Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644
Invest Now

Returns for Mirae Asset Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Apr 21

DurationReturns
1 Month -3.5%
3 Month 3.2%
6 Month 27.8%
1 Year 73.7%
3 Year 15.5%
5 Year 20.4%
10 Year
15 Year
Since launch 19%
Historical performance (Yearly) on absolute basis
YearReturns
2020 21.5%
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
2011
Fund Manager information for Mirae Asset Tax Saver Fund
NameSinceTenure
Neelesh Surana28 Dec 155.26 Yr.

Data below for Mirae Asset Tax Saver Fund as on 28 Feb 21

Equity Sector Allocation
SectorValue
Financial Services38.67%
Technology11.42%
Basic Materials10.1%
Consumer Cyclical7.4%
Health Care7.18%
Consumer Defensive6.23%
Industrials6.18%
Energy4.42%
Communication Services3.26%
Utility1.84%
Asset Allocation
Asset ClassValue
Cash0.32%
Equity99.68%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
9%₹593 Cr3,864,722
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
7%₹448 Cr3,571,693
↑ 365,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹445 Cr7,443,912
↑ 140,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
5%₹296 Cr4,086,266
↓ -80,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
4%₹273 Cr944,826
↑ 155,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
3%₹197 Cr5,053,799
Reliance Industries Limited
Equity, Since 30 Jun 20 | -
3%₹190 Cr1,568,304
↓ -42,034
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
3%₹184 Cr3,313,000
↓ -265,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI
3%₹161 Cr235,091
↑ 65,999
JK Cement Ltd (Basic Materials)
Equity, Since 30 Jun 19 | JKCEMENT
2%₹157 Cr584,199

2. Canara Robeco Equity Tax Saver

(ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of the scheme will be realized.

Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 20% since its launch.  Ranked 36 in ELSS category.  Return for 2020 was 27.4% , 2019 was 10.7% and 2018 was 2.7% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (13 Apr 21) ₹92.42 ↑ 0.83   (0.91 %)
Net Assets (Cr) ₹1,725 on 28 Feb 21
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.32
Sharpe Ratio 0.99
Information Ratio 0.7
Alpha Ratio 3.71
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹11,850
31 Mar 18₹13,400
31 Mar 19₹15,236
31 Mar 20₹12,618
31 Mar 21₹21,905

Canara Robeco Equity Tax Saver SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for Canara Robeco Equity Tax Saver

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Apr 21

DurationReturns
1 Month -4.3%
3 Month 0.5%
6 Month 22.7%
1 Year 60.3%
3 Year 15.4%
5 Year 16%
10 Year
15 Year
Since launch 20%
Historical performance (Yearly) on absolute basis
YearReturns
2020 27.4%
2019 10.7%
2018 2.7%
2017 32%
2016 0%
2015 0.6%
2014 45.2%
2013 5.3%
2012 30%
2011 -16.3%
Fund Manager information for Canara Robeco Equity Tax Saver
NameSinceTenure
Shridatta Bhandwaldar1 Oct 191.5 Yr.
Cheenu Gupta12 Mar 183.06 Yr.

Data below for Canara Robeco Equity Tax Saver as on 28 Feb 21

Equity Sector Allocation
SectorValue
Financial Services31.77%
Technology18.31%
Industrials12.9%
Consumer Cyclical12.12%
Basic Materials10.76%
Health Care4.18%
Consumer Defensive3.44%
Communication Services2.84%
Utility1.02%
Energy0.41%
Asset Allocation
Asset ClassValue
Cash2.24%
Equity97.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
8%₹163 Cr1,191,310
↑ 116,810
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
7%₹146 Cr2,506,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
6%₹115 Cr767,184
↑ 75,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
6%₹108 Cr2,975,000
Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Dec 20 | LT
5%₹96 Cr680,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
3%₹68 Cr132,450
↑ 7,500
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
3%₹65 Cr928,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
3%₹61 Cr192,815
↑ 70,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB
2%₹43 Cr119,000
↑ 13,500
Voltas Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Jul 20 | VOLTAS
2%₹42 Cr420,000

3. Kotak Tax Saver Fund

The investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.

Kotak Tax Saver Fund is a Equity - ELSS fund was launched on 23 Nov 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.2% since its launch.  Ranked 19 in ELSS category.  Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund
Growth
Launch Date 23 Nov 05
NAV (13 Apr 21) ₹58.438 ↑ 0.48   (0.82 %)
Net Assets (Cr) ₹1,679 on 28 Feb 21
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.34
Sharpe Ratio 0.77
Information Ratio 0.32
Alpha Ratio -3.9
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Mar 16₹10,000
31 Mar 17₹12,978
31 Mar 18₹13,789
31 Mar 19₹15,193
31 Mar 20₹11,938
31 Mar 21₹20,457

Kotak Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Kotak Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Apr 21

DurationReturns
1 Month -2.3%
3 Month 3.9%
6 Month 25.7%
1 Year 62.2%
3 Year 12.6%
5 Year 14.7%
10 Year
15 Year
Since launch 12.2%
Historical performance (Yearly) on absolute basis
YearReturns
2020 14.9%
2019 12.7%
2018 -3.8%
2017 33.8%
2016 7.5%
2015 1.5%
2014 56.6%
2013 -6.3%
2012 36.2%
2011 -26%
Fund Manager information for Kotak Tax Saver Fund
NameSinceTenure
Harsha Upadhyaya25 Aug 155.6 Yr.

Data below for Kotak Tax Saver Fund as on 28 Feb 21

Equity Sector Allocation
SectorValue
Financial Services24.97%
Basic Materials18.07%
Industrials17.52%
Technology11.81%
Consumer Cyclical7.89%
Health Care6.53%
Energy3.73%
Utility3.47%
Communication Services2.98%
Consumer Defensive1.59%
Asset Allocation
Asset ClassValue
Cash1.44%
Equity98.55%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹140 Cr2,350,000
↑ 850,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
6%₹100 Cr800,000
↓ -25,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
4%₹65 Cr225,000
↓ -46,027
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Jun 06 | RELIANCE
4%₹63 Cr300,000
↓ -100,000
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
4%₹60 Cr1,550,000
↑ 1,550,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
3%₹58 Cr380,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
3%₹54 Cr100,000
↓ -5,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
3%₹53 Cr725,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 21 | BHARTIARTL
3%₹50 Cr900,000
↑ 900,000
Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 28 Feb 14 | LT
3%₹47 Cr325,000
↑ 25,000

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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