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Top 3 Best Tax Saving ELSS Mutual Funds for 2020
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
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 Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on 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 Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on 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 Below is the key information for DSP BlackRock Tax Saver Fund Returns up to 1 year are on Fund NAV Net 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 ₹10,029 5.2 10.4 6.5 12 8.8 4.3 Tata India Tax Savings Fund Growth ₹19.274
↓ -0.09 ₹2,094 5.2 7.6 13.8 13.1 10.7 13.6 L&T Tax Advantage Fund Growth ₹56.627
↓ -0.13 ₹3,382 7.4 9.4 9.4 10.5 8.2 4.6 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
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% . 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.
Date Value 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 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jan 20 Duration Returns 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
Year Returns 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
Name Since Tenure Rupesh Patel 1 Apr 15 4.59 Yr. Ennette Fernandes 18 Jun 18 1.37 Yr. Data below for Tata India Tax Savings Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 45.76% Energy 10.3% Industrials 9.78% Technology 8.66% Consumer Cyclical 8.53% Health Care 5.45% Basic Materials 3.28% Consumer Defensive 3.06% Communication Services 2.04% Real Estate 0.75% Asset Allocation
Asset Class Value Cash 2.49% Equity 97.59% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK10% ₹205 Cr 4,000,000
↓ -100,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN9% ₹182 Cr 5,325,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹163 Cr 1,282,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC6% ₹130 Cr 565,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹117 Cr 1,680,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹113 Cr 730,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹111 Cr 1,500,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹80 Cr 495,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹62 Cr 300,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 16 | 5000343% ₹61 Cr 150,000 2. IDFC Tax Advantage (ELSS) Fund
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% . 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.
Date Value 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 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jan 20 Duration Returns 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
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 2.61 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 28.9% Industrials 16.45% Basic Materials 13.02% Consumer Cyclical 12.58% Technology 7.57% Energy 6.24% Health Care 4.2% Consumer Defensive 3.95% Utility 1.41% Communication Services 0.66% Asset Allocation
Asset Class Value Cash 4.36% Equity 95.63% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹167 Cr 3,250,000
↓ -50,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹93 Cr State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹92 Cr 2,700,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹87 Cr 680,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹85 Cr 550,000
↑ 50,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹77 Cr 1,100,000
↑ 240,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹74 Cr 1,000,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹60 Cr 1,600,000
↑ 75,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL2% ₹47 Cr 1,375,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹47 Cr 1,650,000
↑ 75,000 3. DSP BlackRock Tax Saver Fund
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% . 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.
Date Value 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 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Jan 20 Duration Returns 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
Year Returns 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
Name Since Tenure Rohit Singhania 16 Jul 15 3.55 Yr. Data below for DSP BlackRock Tax Saver Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 37.24% Energy 11.38% Technology 8.48% Basic Materials 7.41% Consumer Cyclical 6.77% Industrials 6.61% Health Care 6.27% Communication Services 5.64% Utility 3.7% Consumer Defensive 2.73% Real Estate 1.41% Asset Allocation
Asset Class Value Cash 2.36% Equity 97.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹483 Cr 3,789,477
↓ -600,372 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK7% ₹463 Cr 9,034,351
↓ -1,881,814 State Bank of India (Financial Services)
Equity, Since 30 Sep 19 | SBIN5% ₹313 Cr 9,145,279
↑ 3,393,248 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY5% ₹307 Cr 4,407,883
↑ 1,007,481 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322155% ₹299 Cr 4,049,346
↑ 547,139 Reliance Industries Ltd (Energy)
Equity, Since 31 May 15 | RELIANCE4% ₹256 Cr 1,652,081
↓ -5,403 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL4% ₹256 Cr 5,781,056
↑ 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 | LT3% ₹161 Cr 1,209,233
↓ -50,819 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 19 | 5005472% ₹149 Cr 2,916,234
↑ 230,917
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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