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Top 3 Best performing ELSS (Tax Saving) Mutual Funds for 2020 | Fincash.com

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Top 3 Best Tax Saving ELSS Mutual Funds for 2020

Updated on January 20, 2020 , 1113 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 2020

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
Aditya Birla Sun Life Tax Relief '96 Growth ₹32.45
↓ -0.21
₹10,0295.210.46.5128.84.3
Tata India Tax Savings Fund Growth ₹19.274
↓ -0.09
₹2,0945.27.613.813.110.713.6
L&T Tax Advantage Fund Growth ₹56.627
↓ -0.13
₹3,3827.49.49.410.58.24.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 22 Jan 20

1. Tata India Tax Savings Fund

To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation..

Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.2% since its launch.  Ranked 1 in ELSS category.  Return for 2019 was 13.6% , 2018 was -8.4% and 2017 was 46% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (22 Jan 20) ₹19.274 ↓ -0.09   (-0.46 %)
Net Assets (Cr) ₹2,094 on 31 Dec 19
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.08
Sharpe Ratio 0.79
Information Ratio -0.26
Alpha Ratio -3.75
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹11,331
31 Dec 16₹11,574
31 Dec 17₹16,898
31 Dec 18₹15,482
31 Dec 19₹17,586

Tata India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578
Invest Now

Returns for Tata India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jan 20

DurationReturns
1 Month -0.3%
3 Month 5.2%
6 Month 7.6%
1 Year 13.8%
3 Year 13.1%
5 Year 10.7%
10 Year
15 Year
Since launch 13.2%
Historical performance (Yearly) on absolute basis
YearReturns
2018 13.6%
2017 -8.4%
2016 46%
2015 2.1%
2014 13.3%
2013
2012
2011
2010
2009
Fund Manager information for Tata India Tax Savings Fund
NameSinceTenure
Rupesh Patel1 Apr 154.59 Yr.
Ennette Fernandes18 Jun 181.37 Yr.

Data below for Tata India Tax Savings Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services45.76%
Energy10.3%
Industrials9.78%
Technology8.66%
Consumer Cyclical8.53%
Health Care5.45%
Basic Materials3.28%
Consumer Defensive3.06%
Communication Services2.04%
Real Estate0.75%
Asset Allocation
Asset ClassValue
Cash2.49%
Equity97.59%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
10%₹205 Cr4,000,000
↓ -100,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
9%₹182 Cr5,325,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
8%₹163 Cr1,282,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
6%₹130 Cr565,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
6%₹117 Cr1,680,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹113 Cr730,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
5%₹111 Cr1,500,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK
4%₹80 Cr495,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS
3%₹62 Cr300,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 16 | 500034
3%₹61 Cr150,000

2. IDFC Tax Advantage (ELSS) Fund

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16.9% since its launch.  Ranked 3 in ELSS category.  Return for 2019 was 1.9% , 2018 was -9.4% and 2017 was 53.4% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (22 Jan 20) ₹56.4 ↓ -0.12   (-0.21 %)
Net Assets (Cr) ₹2,119 on 31 Dec 19
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.22
Sharpe Ratio -0.01
Information Ratio -0.39
Alpha Ratio -9.84
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,690
31 Dec 16₹10,734
31 Dec 17₹16,461
31 Dec 18₹14,913
31 Dec 19₹15,203

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for IDFC Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jan 20

DurationReturns
1 Month 3%
3 Month 6.6%
6 Month 5.5%
1 Year 7%
3 Year 11.4%
5 Year 8%
10 Year
15 Year
Since launch 16.9%
Historical performance (Yearly) on absolute basis
YearReturns
2018 1.9%
2017 -9.4%
2016 53.4%
2015 0.4%
2014 6.9%
2013 42.2%
2012 15%
2011 36.2%
2010 -23.3%
2009 24%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 162.61 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services28.9%
Industrials16.45%
Basic Materials13.02%
Consumer Cyclical12.58%
Technology7.57%
Energy6.24%
Health Care4.2%
Consumer Defensive3.95%
Utility1.41%
Communication Services0.66%
Asset Allocation
Asset ClassValue
Cash4.36%
Equity95.63%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹167 Cr3,250,000
↓ -50,000
Triparty Repo
CBLO/Reverse Repo | -
4%₹93 Cr
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹92 Cr2,700,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹87 Cr680,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹85 Cr550,000
↑ 50,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹77 Cr1,100,000
↑ 240,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
4%₹74 Cr1,000,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹60 Cr1,600,000
↑ 75,000
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
2%₹47 Cr1,375,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
2%₹47 Cr1,650,000
↑ 75,000

3. DSP BlackRock Tax Saver Fund

The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.

DSP BlackRock Tax Saver Fund is a Equity - ELSS fund was launched on 18 Jan 07. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.5% since its launch.  Ranked 12 in ELSS category.  Return for 2019 was 14.8% , 2018 was -7.6% and 2017 was 36.3% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (22 Jan 20) ₹52.149 ↓ -0.18   (-0.35 %)
Net Assets (Cr) ₹6,260 on 31 Dec 19
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.11
Sharpe Ratio 0.88
Information Ratio -0.16
Alpha Ratio 5.16
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Dec 14₹10,000
31 Dec 15₹10,440
31 Dec 16₹11,617
31 Dec 17₹15,833
31 Dec 18₹14,623
31 Dec 19₹16,792

DSP BlackRock 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 ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for DSP BlackRock 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 22 Jan 20

DurationReturns
1 Month 1%
3 Month 3.9%
6 Month 11%
1 Year 16.8%
3 Year 11.8%
5 Year 9.9%
10 Year
15 Year
Since launch 13.5%
Historical performance (Yearly) on absolute basis
YearReturns
2018 14.8%
2017 -7.6%
2016 36.3%
2015 11.3%
2014 4.4%
2013 52.2%
2012 6.7%
2011 39.8%
2010 -26.7%
2009 23.3%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 153.55 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services37.24%
Energy11.38%
Technology8.48%
Basic Materials7.41%
Consumer Cyclical6.77%
Industrials6.61%
Health Care6.27%
Communication Services5.64%
Utility3.7%
Consumer Defensive2.73%
Real Estate1.41%
Asset Allocation
Asset ClassValue
Cash2.36%
Equity97.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
8%₹483 Cr3,789,477
↓ -600,372
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
7%₹463 Cr9,034,351
↓ -1,881,814
State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN
5%₹313 Cr9,145,279
↑ 3,393,248
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
5%₹307 Cr4,407,883
↑ 1,007,481
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
5%₹299 Cr4,049,346
↑ 547,139
Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE
4%₹256 Cr1,652,081
↓ -5,403
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
4%₹256 Cr5,781,056
↑ 1,464,051
Treps / Reverse Repo Investments / Corporate Debt Repo
CBLO/Reverse Repo | -
3%₹166 Cr
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
3%₹161 Cr1,209,233
↓ -50,819
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 19 | 500547
2%₹149 Cr2,916,234
↑ 230,917

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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