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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 (%) 2018 (%) Motilal Oswal Long Term Equity Fund Growth ₹19.1377
↑ 0.25 ₹1,648 4.8 16.6 18.4 13 13.6 13.2 Invesco India Tax Plan Growth ₹54.58
↑ 0.49 ₹988 4.9 12 13 13.1 9.4 9.4 HDFC Long Term Advantage Fund Growth ₹378.523
↑ 2.89 ₹1,399 6.5 6.1 11.4 12.3 9 10.1 Kotak Tax Saver Scheme Growth ₹48.604
↑ 0.61 ₹1,068 9.2 12.1 18.4 12.9 8.9 12.7 BOI AXA Tax Advantage Fund Growth ₹56.79
↑ 0.61 ₹266 6.6 17.1 20.3 13.7 8 14.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 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 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 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 Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on 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 Below is the key information for Kotak Tax Saver Scheme 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 1. Motilal Oswal Long Term Equity Fund
CAGR/Annualized return of 13.8% 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 (23 Jan 20) ₹19.1377 ↑ 0.25 (1.31 %) Net Assets (Cr) ₹1,648 on 31 Dec 19 Category Equity - ELSS AMC Motilal Oswal Asset Management Co. Ltd Rating Risk Moderately High Expense Ratio 2.2 Sharpe Ratio 0.72 Information Ratio 0.08 Alpha Ratio 3.74 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,804 31 Dec 16 ₹12,151 31 Dec 17 ₹17,493 31 Dec 18 ₹15,966 31 Dec 19 ₹18,073 Returns for Motilal Oswal Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 20 Duration Returns 1 Month 2.4% 3 Month 4.8% 6 Month 16.6% 1 Year 18.4% 3 Year 13% 5 Year 13.6% 10 Year 15 Year Since launch 13.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 13.2% 2017 -8.7% 2016 44% 2015 12.5% 2014 2013 2012 2011 2010 2009 Fund Manager information for Motilal Oswal Long Term Equity Fund
Name Since Tenure Aditya Khemani 6 Sep 19 0 Yr. Abhiroop Mukherjee 21 Jan 15 4.61 Yr. Data below for Motilal Oswal Long Term Equity Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 47.59% Consumer Cyclical 17.34% Industrials 9.76% Consumer Defensive 6.91% Basic Materials 6.47% Health Care 6.34% Technology 2.94% Asset Allocation
Asset Class Value Cash 2.65% Equity 97.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK10% ₹164 Cr 3,195,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | HDFCBANK9% ₹150 Cr 1,180,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322158% ₹126 Cr 1,707,653 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 15 | MARUTI5% ₹80 Cr 110,000 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Nov 17 | 5407775% ₹74 Cr 1,300,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 19 | KOTAKBANK5% ₹73 Cr 450,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 18 | LT4% ₹68 Cr 509,225 United Breweries Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 5324784% ₹65 Cr 517,725
↑ 45,000 Shree Cement Ltd (Basic Materials)
Equity, Since 30 Sep 19 | 5003874% ₹59 Cr 27,945 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Apr 19 | 5406114% ₹58 Cr 700,000 2. Invesco India Tax Plan
CAGR/Annualized return of 13.9% 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 (23 Jan 20) ₹54.58 ↑ 0.49 (0.91 %) Net Assets (Cr) ₹988 on 31 Dec 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 0.5 Information Ratio -0.34 Alpha Ratio -1.4 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 ₹10,581 31 Dec 16 ₹10,943 31 Dec 17 ₹14,855 31 Dec 18 ₹14,669 31 Dec 19 ₹16,053 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 20 Duration Returns 1 Month 1.7% 3 Month 4.9% 6 Month 12% 1 Year 13% 3 Year 13.1% 5 Year 9.4% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 9.4% 2017 -1.3% 2016 35.7% 2015 3.4% 2014 5.8% 2013 54.3% 2012 10.1% 2011 30.3% 2010 -18.9% 2009 22.1% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Ganatra 29 Mar 18 1.59 Yr. Dhimant Kothari 29 Mar 18 1.59 Yr. Data below for Invesco India Tax Plan as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 36.4% Consumer Defensive 10.43% Energy 9.78% Industrials 9.3% Technology 8.4% Consumer Cyclical 7.11% Health Care 5.83% Basic Materials 5.35% Utility 2.3% Communication Services 1.74% Asset Allocation
Asset Class Value Cash 3.36% Equity 96.64% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹86 Cr 678,130 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE9% ₹86 Cr 553,507
↑ 31,307 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹80 Cr 1,551,916
↑ 130,252 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹66 Cr 289,121 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 19 | TCS5% ₹46 Cr 224,486 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | ITC4% ₹40 Cr 1,615,672 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT4% ₹39 Cr 292,256 Triparty Repo
CBLO/Reverse Repo | -4% ₹34 Cr Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹34 Cr 212,897
↑ 29,125 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006963% ₹30 Cr 149,509 3. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21% since its launch. Ranked 23 in ELSS category. Return for 2019 was 10.1% , 2018 was -3.9% and 2017 was 36.2% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (23 Jan 20) ₹378.523 ↑ 2.89 (0.77 %) Net Assets (Cr) ₹1,399 on 31 Dec 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.56 Information Ratio -0.9 Alpha Ratio -6.36 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 ₹9,760 31 Dec 16 ₹11,030 31 Dec 17 ₹15,023 31 Dec 18 ₹14,437 31 Dec 19 ₹15,896
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 20 Duration Returns 1 Month 0.7% 3 Month 6.5% 6 Month 6.1% 1 Year 11.4% 3 Year 12.3% 5 Year 9% 10 Year 15 Year Since launch 21% Historical performance (Yearly) on absolute basis
Year Returns 2018 10.1% 2017 -3.9% 2016 36.2% 2015 13% 2014 -2.4% 2013 44.7% 2012 11% 2011 28.8% 2010 -23.5% 2009 28.4% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 12.51 Yr. Data below for HDFC Long Term Advantage Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 35.32% Industrials 18.55% Energy 13.48% Technology 10.37% Basic Materials 5.49% Consumer Defensive 5.07% Consumer Cyclical 2.16% Utility 2.1% Communication Services 1.64% Health Care 1.62% Asset Allocation
Asset Class Value Cash 4.21% Equity 95.79% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹138 Cr 2,690,000
↓ -160,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹137 Cr 1,078,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE10% ₹136 Cr 875,000
↓ -57,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹101 Cr 1,453,908 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC7% ₹92 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹89 Cr 2,600,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹81 Cr 607,500 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC5% ₹70 Cr 2,822,910 Treps - Tri-Party Repo
CBLO/Reverse Repo | -4% ₹57 Cr Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005474% ₹51 Cr 1,000,000 4. Kotak Tax Saver Scheme
CAGR/Annualized return of 11.8% since its launch. Ranked 19 in ELSS category. Return for 2019 was 12.7% , 2018 was -3.8% and 2017 was 33.8% . Kotak Tax Saver Scheme
Growth Launch Date 23 Nov 05 NAV (23 Jan 20) ₹48.604 ↑ 0.61 (1.26 %) Net Assets (Cr) ₹1,068 on 31 Dec 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio 0.76 Information Ratio -0.14 Alpha Ratio 3.49 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 ₹10,148 31 Dec 16 ₹10,905 31 Dec 17 ₹14,587 31 Dec 18 ₹14,032 31 Dec 19 ₹15,809 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 20 Duration Returns 1 Month 4.2% 3 Month 9.2% 6 Month 12.1% 1 Year 18.4% 3 Year 12.9% 5 Year 8.9% 10 Year 15 Year Since launch 11.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 12.7% 2017 -3.8% 2016 33.8% 2015 7.5% 2014 1.5% 2013 56.6% 2012 -6.3% 2011 36.2% 2010 -26% 2009 19.9% Fund Manager information for Kotak Tax Saver Scheme
Name Since Tenure Harsha Upadhyaya 25 Aug 15 3.44 Yr. Data below for Kotak Tax Saver Scheme as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 28.31% Industrials 18.69% Basic Materials 18.52% Energy 8.15% Technology 6.84% Consumer Cyclical 6.22% Consumer Defensive 5.99% Utility 3.43% Health Care 2.17% Asset Allocation
Asset Class Value Cash 1.63% Equity 98.32% Other 0.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹72 Cr 464,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹72 Cr 1,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹61 Cr 480,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹57 Cr 775,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹40 Cr 45,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹34 Cr 105,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹33 Cr 250,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹33 Cr 400,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS3% ₹31 Cr 150,000
↓ -20,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY3% ₹28 Cr 400,000 5. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17.3% 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 (23 Jan 20) ₹56.79 ↑ 0.61 (1.09 %) Net Assets (Cr) ₹266 on 31 Dec 19 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 0.78 Information Ratio 0.14 Alpha Ratio 4.65 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 ₹10,206 31 Dec 16 ₹10,080 31 Dec 17 ₹15,891 31 Dec 18 ₹13,294 31 Dec 19 ₹15,236 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 20 Duration Returns 1 Month 2.6% 3 Month 6.6% 6 Month 17.1% 1 Year 20.3% 3 Year 13.7% 5 Year 8% 10 Year 15 Year Since launch 17.3% Historical performance (Yearly) on absolute basis
Year Returns 2018 14.6% 2017 -16.3% 2016 57.7% 2015 -1.2% 2014 2.1% 2013 44% 2012 9.1% 2011 24.8% 2010 -24.1% 2009 5.9% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 0 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 43.25% Basic Materials 11.97% Industrials 10.83% Consumer Cyclical 7.41% Health Care 5.64% Technology 5.63% Consumer Defensive 5.26% Energy 4.83% Utility 1.17% Real Estate 0.98% Communication Services 0.98% Asset Allocation
Asset Class Value Cash 2.05% Equity 97.94% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000347% ₹18 Cr 43,814
↑ 615 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹17 Cr 337,241
↑ 10,926 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹17 Cr 131,179 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE5% ₹12 Cr 80,135
↑ 12,523 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK5% ₹12 Cr 71,724
↑ 4,015 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹8 Cr 54,155
↑ 1,828 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 19 | HDFC3% ₹8 Cr 33,400
↑ 2,400 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5322153% ₹7 Cr 97,680 Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 5004883% ₹7 Cr 5,731
↑ 304 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹7 Cr 39,000
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