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Top 5 Best Tax Saving ELSS Mutual Funds for FY 19 - 20

Updated on November 11, 2019 , 982 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 5 ELSS Funds To Invest In FY 19 - 20

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
Tata India Tax Savings Fund Growth ₹18.7997
↑ 0.09
₹1,9198.28.214.712.212.1-8.4
Invesco India Tax Plan Growth ₹52.82
↑ 0.16
₹9129.29.111.112.410.1-1.3
Kotak Tax Saver Scheme Growth ₹45.613
↓ -0.07
₹9477.6713.410.79.6-3.8
HDFC Long Term Advantage Fund Growth ₹362.241
↑ 0.53
₹1,3746.23.59.211.28.9-3.9
IDBI Equity Advantage Fund Growth ₹27.94
↑ 0.17
₹58911.713.68.410.38.9-1.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 19
*List of ELSS Tax saving mutual funds having net assets > 250 Crore and haing best CAGR returns in last 5 yr

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 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund
Growth
Launch Date 13 Oct 14
NAV (14 Nov 19) ₹18.7997 ↑ 0.09   (0.50 %)
Net Assets (Cr) ₹1,919 on 30 Sep 19
Category Equity - ELSS
AMC Tata Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.08
Sharpe Ratio 0.65
Information Ratio -0.42
Alpha Ratio 3.84
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹11,574
31 Oct 16₹13,481
31 Oct 17₹16,728
31 Oct 18₹15,426
31 Oct 19₹18,184

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 ₹415,684.
Net Profit of ₹115,684
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 14 Nov 19

DurationReturns
1 Month 5%
3 Month 8.2%
6 Month 8.2%
1 Year 14.7%
3 Year 12.2%
5 Year 12.1%
10 Year
15 Year
Since launch 13.2%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Rupesh Patel1 Apr 154.59 Yr.
Ennette Fernandes18 Jun 181.37 Yr.

Data below for Tata India Tax Savings Fund as on 30 Sep 19

Equity Sector Allocation
SectorValue
Financial Services42.62%
Industrials10.11%
Technology9.79%
Energy9.28%
Consumer Cyclical9.14%
Health Care5.95%
Basic Materials3.58%
Consumer Defensive3.2%
Communication Services2.03%
Real Estate0.84%
Asset Allocation
Asset ClassValue
Cash0.86%
Equity96.54%
Other2.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
10%₹184 Cr4,241,000
↑ 226,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
8%₹157 Cr1,282,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
7%₹135 Cr1,680,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
5%₹103 Cr1,500,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
5%₹102 Cr3,750,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
5%₹97 Cr730,000
↑ 230,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK
4%₹81 Cr495,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹67 Cr340,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 16 | 500034
3%₹61 Cr150,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS
3%₹52 Cr250,000

2. Invesco India Tax Plan

The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.8% since its launch.  Ranked 17 in ELSS category.  Return for 2018 was -1.3% , 2017 was 35.7% and 2016 was 3.4% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (14 Nov 19) ₹52.82 ↑ 0.16   (0.30 %)
Net Assets (Cr) ₹912 on 30 Sep 19
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.39
Sharpe Ratio 0.07
Information Ratio -0.28
Alpha Ratio -1.2
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹11,084
31 Oct 16₹12,350
31 Oct 17₹14,794
31 Oct 18₹14,725
31 Oct 19₹16,642

Invesco India Tax Plan 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 Invesco India Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19

DurationReturns
1 Month 5.2%
3 Month 9.2%
6 Month 9.1%
1 Year 11.1%
3 Year 12.4%
5 Year 10.1%
10 Year
15 Year
Since launch 13.8%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -1.3%
2017 35.7%
2016 3.4%
2015 5.8%
2014 54.3%
2013 10.1%
2012 30.3%
2011 -18.9%
2010 22.1%
2009 83.5%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Ganatra29 Mar 180.85 Yr.
Dhimant Kothari29 Mar 180.85 Yr.

Data below for Invesco India Tax Plan as on 30 Sep 19

Equity Sector Allocation
SectorValue
Financial Services33.41%
Consumer Defensive11.08%
Industrials9.99%
Technology9.15%
Energy8.99%
Consumer Cyclical7.63%
Health Care5.8%
Basic Materials5.24%
Utility2.24%
Communication Services1.59%
Asset Allocation
Asset ClassValue
Cash4.48%
Equity95.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹83 Cr678,130
↑ 7,968
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
8%₹70 Cr522,200
↑ 22,730
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹62 Cr1,421,664
↑ 21,105
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC
6%₹57 Cr289,121
↑ 11,383
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 19 | TCS
5%₹47 Cr224,486
↑ 13,920
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT
5%₹43 Cr292,256
↑ 23,588
Triparty Repo
CBLO/Reverse Repo | -
5%₹43 Cr
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | ITC
5%₹42 Cr1,615,672
↑ 209,716
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
3%₹30 Cr183,772
↓ -15,085
UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Apr 19 | ULTRACEMCO
3%₹24 Cr56,041
↑ 10,105

3. Kotak Tax Saver Scheme

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 Scheme 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 11.5% since its launch.  Ranked 19 in ELSS category.  Return for 2018 was -3.8% , 2017 was 33.8% and 2016 was 7.5% .

Below is the key information for Kotak Tax Saver Scheme

Kotak Tax Saver Scheme
Growth
Launch Date 23 Nov 05
NAV (14 Nov 19) ₹45.613 ↓ -0.07   (-0.16 %)
Net Assets (Cr) ₹947 on 30 Sep 19
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.4
Sharpe Ratio 0.42
Information Ratio -0.2
Alpha Ratio 4.68
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹10,915
31 Oct 16₹12,634
31 Oct 17₹15,063
31 Oct 18₹14,117
31 Oct 19₹16,319

Kotak Tax Saver Scheme 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 Kotak Tax Saver Scheme

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19

DurationReturns
1 Month 5.3%
3 Month 7.6%
6 Month 7%
1 Year 13.4%
3 Year 10.7%
5 Year 9.6%
10 Year
15 Year
Since launch 11.5%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -3.8%
2017 33.8%
2016 7.5%
2015 1.5%
2014 56.6%
2013 -6.3%
2012 36.2%
2011 -26%
2010 19.9%
2009 75%
Fund Manager information for Kotak Tax Saver Scheme
NameSinceTenure
Harsha Upadhyaya25 Aug 153.44 Yr.

Data below for Kotak Tax Saver Scheme as on 30 Sep 19

Equity Sector Allocation
SectorValue
Financial Services27.73%
Industrials20.11%
Basic Materials17.05%
Technology8.8%
Energy8.25%
Consumer Defensive6.34%
Consumer Cyclical4.83%
Utility3.1%
Health Care2.19%
Asset Allocation
Asset ClassValue
Cash1.57%
Equity98.39%
Other0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
7%₹62 Cr464,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹61 Cr1,400,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
6%₹59 Cr480,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
6%₹53 Cr775,000
GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500676
4%₹38 Cr45,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹37 Cr250,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
4%₹36 Cr450,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
4%₹36 Cr170,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
3%₹29 Cr105,000
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 540611
3%₹26 Cr400,000
↑ 5,000

4. HDFC Long Term Advantage Fund

To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments

HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21% since its launch.  Ranked 23 in ELSS category.  Return for 2018 was -3.9% , 2017 was 36.2% and 2016 was 13% .

Below is the key information for HDFC Long Term Advantage Fund

HDFC Long Term Advantage Fund
Growth
Launch Date 2 Jan 01
NAV (14 Nov 19) ₹362.241 ↑ 0.53   (0.15 %)
Net Assets (Cr) ₹1,374 on 30 Sep 19
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.17
Sharpe Ratio 0.25
Information Ratio -0.6
Alpha Ratio -1.86
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹9,840
31 Oct 16₹11,775
31 Oct 17₹14,364
31 Oct 18₹13,899
31 Oct 19₹15,586

HDFC Long Term Advantage 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

Purchase not allowed

Returns for HDFC Long Term Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19

DurationReturns
1 Month 3.7%
3 Month 6.2%
6 Month 3.5%
1 Year 9.2%
3 Year 11.2%
5 Year 8.9%
10 Year
15 Year
Since launch 21%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -3.9%
2017 36.2%
2016 13%
2015 -2.4%
2014 44.7%
2013 11%
2012 28.8%
2011 -23.5%
2010 28.4%
2009 88.9%
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure
Chirag Setalvad2 Apr 0712.51 Yr.

Data below for HDFC Long Term Advantage Fund as on 30 Sep 19

Equity Sector Allocation
SectorValue
Financial Services33.23%
Industrials16.73%
Energy13.26%
Technology11.92%
Basic Materials8.34%
Consumer Defensive5.45%
Utility2.2%
Health Care2.16%
Consumer Cyclical1.79%
Communication Services1.39%
Asset Allocation
Asset ClassValue
Cash3.52%
Equity96.48%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE
10%₹136 Cr932,000
↓ -68,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK
10%₹133 Cr1,078,000
↓ -22,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹132 Cr2,850,000
↓ -270,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY
7%₹100 Cr1,453,908
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
6%₹89 Cr607,500
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC
6%₹85 Cr400,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
6%₹81 Cr2,600,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC
5%₹73 Cr2,822,910
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
5%₹65 Cr
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 500547
4%₹53 Cr1,000,000

5. IDBI Equity Advantage Fund

The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized.

IDBI Equity Advantage Fund is a Equity - ELSS fund was launched on 10 Sep 13. It is a fund with Moderately High risk and has given a CAGR/Annualized return of since its launch.  Ranked 21 in ELSS category.  Return for 2018 was -1.7% , 2017 was 35.3% and 2016 was 0% .

Below is the key information for IDBI Equity Advantage Fund

IDBI Equity Advantage Fund
Growth
Launch Date 10 Sep 13
NAV (14 Nov 19) ₹27.94 ↑ 0.17   (0.61 %)
Net Assets (Cr) ₹589 on 30 Sep 19
Category Equity - ELSS
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.86
Sharpe Ratio 0.19
Information Ratio -0.39
Alpha Ratio 0.88
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Oct 14₹10,000
31 Oct 15₹11,862
31 Oct 16₹12,847
31 Oct 17₹14,795
31 Oct 18₹14,565
31 Oct 19₹16,357

IDBI Equity Advantage 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 IDBI Equity Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19

DurationReturns
1 Month 3.9%
3 Month 11.7%
6 Month 13.6%
1 Year 8.4%
3 Year 10.3%
5 Year 8.9%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2018 -1.7%
2017 35.3%
2016 0%
2015 3.1%
2014 71.2%
2013
2012
2011
2010
2009
Fund Manager information for IDBI Equity Advantage Fund
NameSinceTenure
Uma Venkatraman1 Jul 180.59 Yr.
Ayushi Sethia9 Oct 180.31 Yr.

Data below for IDBI Equity Advantage Fund as on 30 Sep 19

Equity Sector Allocation
SectorValue
Consumer Cyclical28.55%
Consumer Defensive19.28%
Financial Services19.09%
Basic Materials10.85%
Industrials8.72%
Health Care3.89%
Energy1.27%
Asset Allocation
Asset ClassValue
Cash8.24%
Equity91.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Treps
CBLO/Reverse Repo | -
9%₹50 Cr5,020,093
↑ 2,124,556
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
6%₹35 Cr242,235
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
6%₹33 Cr1,067,825
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500043
6%₹33 Cr190,489
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
6%₹33 Cr86,262
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
5%₹31 Cr191,141
MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500290
5%₹31 Cr4,827
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
5%₹28 Cr671,959
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
5%₹28 Cr159,407
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
4%₹26 Cr11,670
↓ -2,000

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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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