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Top 3 Best Tax Saving ELSS Mutual Funds for 2022
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 2022
The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.) BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for BOI AXA Tax Advantage 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 (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 Below is the key information for Canara Robeco Equity Tax Saver Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2021 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹99.437
↑ 0.73 ₹3,851 11.5 -0.9 3.6 24.5 12.9 49.2 Principal Tax Savings Fund Growth ₹337.35
↑ 1.62 ₹969 10.5 0.9 4 20.6 10.9 32.1 DSP BlackRock Tax Saver Fund Growth ₹81.066
↑ 0.40 ₹10,219 8.7 -1.1 -1 19.1 12.3 35.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Oct 22 1. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 18.4% since its launch. Ranked 13 in ELSS category. Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (06 Oct 22) ₹99.68 ↑ 0.70 (0.71 %) Net Assets (Cr) ₹645 on 31 Aug 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio -0.21 Information Ratio 0.68 Alpha Ratio -7.28 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,611 30 Sep 19 ₹10,457 30 Sep 20 ₹12,154 30 Sep 21 ₹20,152 30 Sep 22 ₹19,635 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Oct 22 Duration Returns 1 Month -0.5% 3 Month 13.4% 6 Month 0.5% 1 Year -2.6% 3 Year 25% 5 Year 14% 10 Year 15 Year Since launch 18.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 41.5% 2020 31.2% 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% 2012 24.8% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 0.35 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 32.19% Consumer Cyclical 19.21% Basic Materials 10.48% Consumer Defensive 8.2% Industrials 7.53% Health Care 5.97% Energy 3.72% Technology 3.69% Utility 3.2% Real Estate 2.23% Communication Services 0.72% Asset Allocation
Asset Class Value Cash 2.86% Equity 97.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹47 Cr 529,340 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN6% ₹36 Cr 671,000
↑ 51,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹32 Cr 214,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹24 Cr 91,009
↓ -6,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹21 Cr 1,260,000
↑ 282,141 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | M&M3% ₹19 Cr 142,000
↑ 17,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL3% ₹17 Cr 168,692 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹17 Cr 87,607 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | SCHAEFFLER3% ₹17 Cr 55,000
↑ 4,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5322152% ₹15 Cr 204,000
↑ 41,972 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18.1% since its launch. Ranked 3 in ELSS category. Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (06 Oct 22) ₹99.437 ↑ 0.73 (0.74 %) Net Assets (Cr) ₹3,851 on 31 Aug 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.4 Information Ratio 0.55 Alpha Ratio 2.67 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,161 30 Sep 19 ₹10,044 30 Sep 20 ₹10,138 30 Sep 21 ₹17,831 30 Sep 22 ₹18,431 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Oct 22 Duration Returns 1 Month 0.4% 3 Month 11.5% 6 Month -0.9% 1 Year 3.6% 3 Year 24.5% 5 Year 12.9% 10 Year 15 Year Since launch 18.1% Historical performance (Yearly) on absolute basis
Year Returns 2021 49.2% 2020 18.7% 2019 1.9% 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 5.87 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 27.54% Consumer Cyclical 17.61% Industrials 12.1% Basic Materials 10.14% Technology 9.49% Health Care 7.23% Energy 3.77% Consumer Defensive 3.26% Communication Services 2.64% Asset Allocation
Asset Class Value Cash 6.23% Equity 93.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK9% ₹337 Cr 3,800,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹209 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹186 Cr 3,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹156 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹145 Cr 550,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹122 Cr 2,600,000
↓ -100,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹118 Cr 900,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹102 Cr 1,400,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322153% ₹101 Cr 1,350,000 VRL Logistics Ltd (Industrials)
Equity, Since 30 Nov 15 | VRLLOG2% ₹92 Cr 1,475,000 3. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 19.7% since its launch. Ranked 36 in ELSS category. Return for 2021 was 35.1% , 2020 was 27.4% and 2019 was 10.7% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (06 Oct 22) ₹116.29 ↑ 0.62 (0.54 %) Net Assets (Cr) ₹4,197 on 31 Aug 22 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio 0.02 Information Ratio 0.39 Alpha Ratio -3.3 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,944 30 Sep 19 ₹11,822 30 Sep 20 ₹13,071 30 Sep 21 ₹20,814 30 Sep 22 ₹20,686 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 6 Oct 22 Duration Returns 1 Month -1.1% 3 Month 10.6% 6 Month 0.8% 1 Year 0.8% 3 Year 22.3% 5 Year 15.8% 10 Year 15 Year Since launch 19.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 35.1% 2020 27.4% 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 1.18 Yr. Shridatta Bhandwaldar 1 Oct 19 2.92 Yr. Data below for Canara Robeco Equity Tax Saver as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 30.83% Consumer Cyclical 17.28% Technology 9.3% Industrials 8.9% Basic Materials 8.42% Health Care 6.19% Consumer Defensive 5.5% Energy 4.39% Communication Services 2.19% Real Estate 1.73% Utility 1.44% Asset Allocation
Asset Class Value Cash 3.82% Equity 96.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK8% ₹349 Cr 3,936,000
↑ 40,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹278 Cr 1,872,184 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY6% ₹253 Cr 1,691,310
↑ 20,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE4% ₹184 Cr 698,500 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹150 Cr 2,830,000
↑ 190,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹143 Cr 1,903,000
↑ 120,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS2% ₹104 Cr 323,712 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | MARUTI2% ₹101 Cr 111,500
↑ 2,500 ABB India Ltd (Industrials)
Equity, Since 31 Jan 21 | 5000022% ₹101 Cr 310,000
↓ -27,500 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 22 | SCHAEFFLER2% ₹100 Cr 330,381
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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