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Top 5 Best Tax Saving ELSS Mutual Funds for FY 20 - 21
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 20 - 21
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) Motilal Oswal Long Term Equity Fund Growth ₹15.7984
↓ -0.18 ₹1,411 12.7 -17.3 -5.7 -1.4 6.9 13.2 Tata India Tax Savings Fund Growth ₹16.4809
↓ -0.23 ₹1,770 14.4 -15.6 -9.7 0.2 6.6 13.6 Canara Robeco Equity Tax Saver Growth ₹64.68
↓ -0.69 ₹941 12.2 -6.9 -0.9 5.3 6.4 10.7 BOI AXA Tax Advantage Fund Growth ₹53.19
↓ -0.51 ₹256 11.2 -5.5 6.7 3.7 6.4 14.6 Invesco India Tax Plan Growth ₹49.02
↓ -0.48 ₹930 14.9 -10 -2.5 3.6 6.2 9.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Jul 20
(Erstwhile Motilal Oswal MOSt Focused Long Term Fund) The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Motilal Oswal Long Term Equity Fund is a Equity - ELSS fund was launched on 21 Jan 15. It is a fund with Moderately High risk and has given a Below is the key information for Motilal Oswal Long Term Equity Fund Returns up to 1 year are on 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 (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 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 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 Below is the key information for Invesco India Tax Plan Returns up to 1 year are on 1. Motilal Oswal Long Term Equity Fund
CAGR/Annualized return of 8.7% since its launch. Return for 2019 was 13.2% , 2018 was -8.7% and 2017 was 44% . Motilal Oswal Long Term Equity Fund
Growth Launch Date 21 Jan 15 NAV (14 Jul 20) ₹15.7984 ↓ -0.18 (-1.13 %) Net Assets (Cr) ₹1,411 on 30 Apr 20 Category Equity - ELSS AMC Motilal Oswal Asset Management Co. Ltd Rating Risk Moderately High Expense Ratio 2.2 Sharpe Ratio -0.31 Information Ratio -0.22 Alpha Ratio 5.28 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹10,615 30 Jun 17 ₹14,511 30 Jun 18 ₹15,949 30 Jun 19 ₹15,751 30 Jun 20 ₹14,156 Returns for Motilal Oswal Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jul 20 Duration Returns 1 Month 4.9% 3 Month 12.7% 6 Month -17.3% 1 Year -5.7% 3 Year -1.4% 5 Year 6.9% 10 Year 15 Year Since launch 8.7% Historical performance (Yearly) on absolute basis
Year Returns 2019 13.2% 2018 -8.7% 2017 44% 2016 12.5% 2015 2014 2013 2012 2011 2010 Fund Manager information for Motilal Oswal Long Term Equity Fund
Name Since Tenure Aditya Khemani 6 Sep 19 0.82 Yr. Abhiroop Mukherjee 21 Jan 15 5.44 Yr. Data below for Motilal Oswal Long Term Equity Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 38.27% Consumer Cyclical 15.78% Consumer Defensive 12.84% Health Care 9.03% Industrials 6.1% Basic Materials 4.04% Communication Services 3.83% Real Estate 3.43% Energy 3.12% Technology 3.11% Asset Allocation
Asset Class Value Cash 0.46% Equity 99.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | HDFCBANK8% ₹112 Cr 1,180,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK8% ₹106 Cr 3,195,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Aug 19 | 5006967% ₹99 Cr 480,000
↑ 195,000 United Breweries Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 5324786% ₹79 Cr 827,725 Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Oct 19 | TORNTPHARM5% ₹75 Cr 319,451
↑ 30,000 Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | JUBLFOOD5% ₹70 Cr 419,669
↓ -40,000 Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | 5333984% ₹60 Cr 690,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 15 | MARUTI4% ₹56 Cr 100,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL4% ₹53 Cr 960,000
↑ 960,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322154% ₹53 Cr 1,372,653 2. Tata India Tax Savings Fund
CAGR/Annualized return of 9.1% 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 (14 Jul 20) ₹16.4809 ↓ -0.23 (-1.35 %) Net Assets (Cr) ₹1,770 on 30 Apr 20 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio -0.42 Information Ratio -0.68 Alpha Ratio -0.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹11,152 30 Jun 17 ₹13,540 30 Jun 18 ₹14,513 30 Jun 19 ₹16,246 30 Jun 20 ₹13,902 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jul 20 Duration Returns 1 Month 4.5% 3 Month 14.4% 6 Month -15.6% 1 Year -9.7% 3 Year 0.2% 5 Year 6.6% 10 Year 15 Year Since launch 9.1% Historical performance (Yearly) on absolute basis
Year Returns 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 2010 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 5.25 Yr. Ennette Fernandes 18 Jun 18 2.04 Yr. Data below for Tata India Tax Savings Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 31.93% Energy 15.76% Consumer Cyclical 10.3% Health Care 9.33% Basic Materials 7.27% Communication Services 7.07% Technology 6.75% Industrials 6.5% Consumer Defensive 2.15% Real Estate 0.44% Asset Allocation
Asset Class Value Cash 2.81% Equity 97.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE12% ₹204 Cr 1,390,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹132 Cr 1,382,000
↑ 100,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK7% ₹126 Cr 3,800,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL7% ₹122 Cr 2,200,000
↑ 880,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY7% ₹116 Cr 1,680,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC5% ₹94 Cr 565,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹86 Cr 5,325,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 17 | DIVISLAB3% ₹51 Cr 215,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 28 Feb 14 | ULTRACEMCO3% ₹49 Cr 125,000
↑ 25,000 A) Repo
CBLO/Reverse Repo | -3% ₹48 Cr 3. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 17.7% since its launch. Ranked 36 in ELSS category. Return for 2019 was 10.7% , 2018 was 2.7% and 2017 was 32% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (14 Jul 20) ₹64.68 ↓ -0.69 (-1.06 %) Net Assets (Cr) ₹941 on 30 Apr 20 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio -0.2 Information Ratio 0.39 Alpha Ratio 7.4 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹9,892 30 Jun 17 ₹11,701 30 Jun 18 ₹12,928 30 Jun 19 ₹14,595 30 Jun 20 ₹13,654 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jul 20 Duration Returns 1 Month 5.8% 3 Month 12.2% 6 Month -6.9% 1 Year -0.9% 3 Year 5.3% 5 Year 6.4% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% 2011 -16.3% 2010 24.9% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Shridatta Bhandwaldar 1 Oct 19 0.75 Yr. Cheenu Gupta 12 Mar 18 2.3 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 23.35% Health Care 16.87% Basic Materials 12.58% Consumer Defensive 11.19% Technology 8.99% Consumer Cyclical 8.09% Energy 5.21% Industrials 4.91% Communication Services 4.3% Asset Allocation
Asset Class Value Cash 4.39% Equity 95.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY8% ₹72 Cr 1,039,500
↑ 350,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹53 Cr 1,611,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB5% ₹49 Cr 206,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006965% ₹48 Cr 235,330
↑ 44,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE5% ₹48 Cr 330,500 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK5% ₹46 Cr 488,184
↑ 150,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 20 | BHARTIARTL4% ₹40 Cr 722,000 Cblo
CBLO | -4% ₹34 Cr Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jan 20 | 5001243% ₹27 Cr 66,000 Dabur India Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | 5000963% ₹27 Cr 569,000 4. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 15.8% since its launch. Ranked 13 in ELSS category. Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (14 Jul 20) ₹53.19 ↓ -0.51 (-0.95 %) Net Assets (Cr) ₹256 on 30 Apr 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 0.1 Information Ratio 0.49 Alpha Ratio 16.42 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹9,871 30 Jun 17 ₹11,962 30 Jun 18 ₹14,058 30 Jun 19 ₹13,463 30 Jun 20 ₹13,523 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jul 20 Duration Returns 1 Month 5.8% 3 Month 11.2% 6 Month -5.5% 1 Year 6.7% 3 Year 3.7% 5 Year 6.4% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% 2014 44% 2013 9.1% 2012 24.8% 2011 -24.1% 2010 5.9% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 0.96 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 22.72% Health Care 18.94% Basic Materials 16.83% Consumer Defensive 10.53% Industrials 6.67% Communication Services 4.87% Consumer Cyclical 4.73% Energy 4.61% Technology 3.18% Utility 1.19% Asset Allocation
Asset Class Value Cash 5.73% Equity 94.27% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹14 Cr 149,567
↓ -6,380 Cblo
CBLO | -6% ₹14 Cr Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE5% ₹11 Cr 78,080
↑ 13,660 Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 5004884% ₹11 Cr 6,556 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 19 | BHARTIARTL4% ₹11 Cr 192,754
↑ 42,382 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND4% ₹10 Cr 63,294 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB4% ₹9 Cr 39,233
↑ 1,554 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹9 Cr 69,816
↑ 5,765 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK3% ₹7 Cr 213,780
↓ -10,646 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Nov 18 | 5008203% ₹6 Cr 38,591
↓ -5,380 5. Invesco India Tax Plan
CAGR/Annualized return of 12.5% since its launch. Ranked 17 in ELSS category. Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (14 Jul 20) ₹49.02 ↓ -0.48 (-0.97 %) Net Assets (Cr) ₹930 on 30 Apr 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio -0.26 Information Ratio 0.36 Alpha Ratio 5.69 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Jun 15 ₹10,000 30 Jun 16 ₹10,296 30 Jun 17 ₹12,053 30 Jun 18 ₹14,054 30 Jun 19 ₹14,568 30 Jun 20 ₹13,535 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jul 20 Duration Returns 1 Month 4.8% 3 Month 14.9% 6 Month -10% 1 Year -2.5% 3 Year 3.6% 5 Year 6.2% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 2019 9.4% 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% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Ganatra 29 Mar 18 2.26 Yr. Dhimant Kothari 29 Mar 18 2.26 Yr. Data below for Invesco India Tax Plan as on 30 Apr 20
Equity Sector Allocation
Sector Value Financial Services 33.42% Consumer Cyclical 11.32% Technology 9.57% Energy 9.31% Consumer Defensive 8.93% Health Care 6.83% Communication Services 5.12% Basic Materials 3.75% Industrials 3.53% Utility 2.8% Asset Allocation
Asset Class Value Cash 5.42% Equity 94.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹85 Cr 896,967
↑ 24,248 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE9% ₹85 Cr 582,815
↓ -26,164 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹65 Cr 393,199
↓ -19,540 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY7% ₹65 Cr 941,554 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹58 Cr 1,751,256
↑ 83,937 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK5% ₹46 Cr 376,013 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006965% ₹44 Cr 214,739
↑ 65,230 Triparty Repo
CBLO/Reverse Repo | -4% ₹37 Cr Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL4% ₹34 Cr 620,572
↑ 41,466 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 19 | MARUTI3% ₹26 Cr 46,107
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