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Top 3 Best Tax Saving ELSS Mutual Funds for 2019
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 2019
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 An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity,
20% debt and money market securities Aditya Birla Sun Life Tax Relief '96 is a Equity - ELSS fund was launched on 6 Mar 08. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Tax Relief '96 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
↑ 0.13 ₹7,561 5 8.7 0.8 14.1 18.4 -4.5 Tata India Tax Savings Fund Growth ₹18.1008
↑ 0.13 ₹1,598 6.8 14 2 14.3 -8.4 L&T Tax Advantage Fund Growth ₹53.915
↑ 0.39 ₹3,074 3.7 3.1 -4.5 13.7 14.9 -8.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Apr 19 1. Tata India Tax Savings Fund
CAGR/Annualized return of 14.1% since its launch. Ranked 1 in ELSS category. Return for 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (18 Apr 19) ₹18.1008 ↑ 0.13 (0.73 %) Net Assets (Cr) ₹1,598 on 28 Feb 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.38 Information Ratio -0.08 Alpha Ratio -10.52 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 15 ₹11,474 31 Mar 16 ₹11,262 31 Mar 17 ₹14,225 31 Mar 18 ₹16,229 31 Mar 19 ₹17,523 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Apr 19 Duration Returns 1 Month 1.4% 3 Month 6.8% 6 Month 14% 1 Year 2% 3 Year 14.3% 5 Year 10 Year 15 Year Since launch 14.1% Historical performance (Yearly) on absolute basis
Year Returns 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 2010 2009 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 3.84 Yr. Ennette Fernandes 18 Jun 18 0.62 Yr. Data below for Tata India Tax Savings Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 41.11% Consumer Cyclical 11.27% Consumer Defensive 9.94% Technology 9.89% Industrials 9.88% Health Care 4.86% Energy 3.85% Basic Materials 2.98% Real Estate 0.71% Asset Allocation
Asset Class Value Cash 5.5% Equity 94.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹161 Cr 4,015,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK7% ₹130 Cr 560,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY7% ₹125 Cr 1,680,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322157% ₹117 Cr 1,500,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹99 Cr 3,100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹68 Cr 500,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹66 Cr 495,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC3% ₹61 Cr 310,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Sep 16 | ITC3% ₹56 Cr 1,900,000 Havells India Ltd (Industrials)
Equity, Since 31 Aug 17 | 5173543% ₹51 Cr 656,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18.3% since its launch. Ranked 3 in ELSS category. Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (18 Apr 19) ₹56.59 ↑ 0.40 (0.71 %) Net Assets (Cr) ₹1,741 on 28 Feb 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.96 Information Ratio -0.07 Alpha Ratio -12.71 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹15,445 31 Mar 16 ₹13,889 31 Mar 17 ₹17,705 31 Mar 18 ₹21,674 31 Mar 19 ₹21,875 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Apr 19 Duration Returns 1 Month 1.5% 3 Month 7.1% 6 Month 9% 1 Year -4.7% 3 Year 15.2% 5 Year 16.7% 10 Year 15 Year Since launch 18.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% 2011 -23.3% 2010 24% 2009 70.8% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.28 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 27.53% Consumer Cyclical 15.25% Basic Materials 11.55% Industrials 10.1% Technology 8.39% Health Care 6.34% Energy 6.05% Consumer Defensive 3.51% Utility 3.4% Asset Allocation
Asset Class Value Cash 6.87% Equity 92.72% Other 0.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity Triparty Repo
CBLO/Reverse Repo | -6% ₹126 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹124 Cr 3,100,000
↑ 100,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹81 Cr 350,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹80 Cr 2,500,000
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹75 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹72 Cr 925,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹67 Cr 900,000
↓ -50,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹54 Cr 800,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹52 Cr 1,140,000
↑ 98,246 Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND2% ₹37 Cr 34,000
↑ 4,000 3. Aditya Birla Sun Life Tax Relief '96
CAGR/Annualized return of 11% since its launch. Ranked 4 in ELSS category. Return for 2018 was -4.5% , 2017 was 43.2% and 2016 was 3.4% . Aditya Birla Sun Life Tax Relief '96
Growth Launch Date 6 Mar 08 NAV (18 Apr 19) ₹32 ↑ 0.13 (0.41 %) Net Assets (Cr) ₹7,561 on 28 Feb 19 Category Equity - ELSS AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.42 Sharpe Ratio -0.37 Information Ratio -0.14 Alpha Ratio -4.04 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 14 ₹10,000 31 Mar 15 ₹15,861 31 Mar 16 ₹15,299 31 Mar 17 ₹18,847 31 Mar 18 ₹22,270 31 Mar 19 ₹23,197 Returns for Aditya Birla Sun Life Tax Relief '96
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Apr 19 Duration Returns 1 Month 2.4% 3 Month 5% 6 Month 8.7% 1 Year 0.8% 3 Year 14.1% 5 Year 18.4% 10 Year 15 Year Since launch 11% Historical performance (Yearly) on absolute basis
Year Returns 2018 -4.5% 2017 43.2% 2016 3.4% 2015 9.2% 2014 54.6% 2013 9.1% 2012 36.6% 2011 -29.6% 2010 13.5% 2009 102.8% Fund Manager information for Aditya Birla Sun Life Tax Relief '96
Name Since Tenure Ajay Garg 1 Oct 06 12.34 Yr. Data below for Aditya Birla Sun Life Tax Relief '96 as on 28 Feb 19
Equity Sector Allocation
Sector Value Financial Services 20.58% Consumer Cyclical 18.63% Industrials 11.94% Health Care 11.85% Basic Materials 11.23% Consumer Defensive 8.21% Energy 7.94% Technology 5.19% Asset Allocation
Asset Class Value Cash 4.44% Equity 95.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE8% ₹683 Cr 5,009,808
↑ 214,700 Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 5171747% ₹579 Cr 259,466
↑ 4,320 Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE6% ₹535 Cr 811,784
↑ 22,824 Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 5062856% ₹489 Cr 1,111,674
↑ 38,370 Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER6% ₹479 Cr 1,440,360
↑ 22,770 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC5% ₹468 Cr 2,375,753
↑ 209,750 Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 15 | THOMASCOOK5% ₹412 Cr 16,040,169
↑ 507,600 Clearing Corporation Of India Limited
CBLO | -5% ₹407 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 08 | LT4% ₹346 Cr 2,499,016
↑ 502,630 GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 5006604% ₹339 Cr 2,612,525
↑ 68,400
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