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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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Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 BOI AXA Tax Advantage Fund Growth ₹98.88
↓ -0.05 ₹693 -4.4 2.9 1.1 18.6 12.5 -1.3 PGIM India Tax Savings Fund Growth ₹24.38
↓ -0.05 ₹448 -2 3.8 1.4 18.3 12.2 4.7 Mahindra Mutual Fund Kar Bachat Yojana Growth ₹18.9489
↓ -0.05 ₹524 -2 1 1.4 16.5 9.7 2 Invesco India Tax Plan Growth ₹76.26
↓ -0.13 ₹1,892 -4.1 -1.5 -7.9 10.9 9.7 -7.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Jan 22
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 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 primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to
avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time. However, there is no assurance that the investment objective
shall be realize" PGIM India Tax Savings Fund is a Equity - ELSS fund was launched on 11 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for PGIM India Tax Savings Fund Returns up to 1 year are on The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns. Mahindra Mutual Fund Kar Bachat Yojana is a Equity - ELSS fund was launched on 18 Oct 16. It is a fund with Moderately High risk and has given a Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana 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. HDFC Long Term Advantage Fund
CAGR/Annualized
return of 21.4% since its launch. Ranked 23 in ELSS
category. . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Jan 22) ₹595.168 ↑ 0.28 (0.05 %) Net Assets (Cr) ₹1,318 on 30 Nov 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.25 Sharpe Ratio 2.27 Information Ratio -0.15 Alpha Ratio 1.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹9,371 31 Jan 20 ₹10,280 31 Jan 21 ₹11,480
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 14 Jan 22 Duration Returns 1 Month 4.4% 3 Month 1.2% 6 Month 15.4% 1 Year 35.5% 3 Year 20.6% 5 Year 17.4% 10 Year 15 Year Since launch 21.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Data below for HDFC Long Term Advantage Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 17.9% since its launch. Ranked 13 in ELSS
category. Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (07 Feb 23) ₹98.88 ↓ -0.05 (-0.05 %) Net Assets (Cr) ₹693 on 31 Dec 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio -0.3 Information Ratio 0.6 Alpha Ratio -5.83 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,154 31 Jan 20 ₹10,084 31 Jan 21 ₹12,419 31 Jan 22 ₹17,256 31 Jan 23 ₹17,207 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 14 Jan 22 Duration Returns 1 Month -1.8% 3 Month -4.4% 6 Month 2.9% 1 Year 1.1% 3 Year 18.6% 5 Year 12.5% 10 Year 15 Year Since launch 17.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 -1.3% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 0.68 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 38.39% Consumer Cyclical 13.78% Industrials 11% Basic Materials 9.71% Consumer Defensive 7.59% Health Care 6.01% Energy 4.22% Technology 3.48% Utility 3.03% Real Estate 1.88% Communication Services 0.74% Asset Allocation
Asset Class Value Cash 0.17% Equity 99.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN7% ₹47 Cr 770,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹47 Cr 529,340 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹43 Cr 265,000
↑ 21,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK4% ₹30 Cr 895,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹23 Cr 91,009 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC3% ₹21 Cr 1,260,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK3% ₹19 Cr 204,000 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Apr 22 | 5325382% ₹16 Cr 23,000
↑ 4,000 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | BALRAMCHIN2% ₹16 Cr 396,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 May 22 | ITC2% ₹16 Cr 473,223 3. PGIM India Tax Savings Fund
CAGR/Annualized
return of 13.3% since its launch. Return for 2022 was 4.7% , 2021 was 37.5% and 2020 was 17.9% . PGIM India Tax Savings Fund
Growth Launch Date 11 Dec 15 NAV (07 Feb 23) ₹24.38 ↓ -0.05 (-0.20 %) Net Assets (Cr) ₹448 on 31 Dec 22 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 0 Sharpe Ratio 0.05 Information Ratio 0.45 Alpha Ratio 0.31 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹9,377 31 Jan 20 ₹10,194 31 Jan 21 ₹11,849 31 Jan 22 ₹16,717 31 Jan 23 ₹16,877 Returns for PGIM India Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 14 Jan 22 Duration Returns 1 Month -1.7% 3 Month -2% 6 Month 3.8% 1 Year 1.4% 3 Year 18.3% 5 Year 12.2% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.7% 2021 37.5% 2020 17.9% 2019 8.2% 2018 -6.4% 2017 39.3% 2016 1.7% 2015 2014 2013 Fund Manager information for PGIM India Tax Savings Fund
Name Since Tenure Srinivas Ravuri 14 Sep 19 3.3 Yr. Puneet Pal 1 Dec 21 1.08 Yr. Utkarsh Katkoria 1 Jun 21 1.59 Yr. Data below for PGIM India Tax Savings Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 35.99% Technology 9.21% Health Care 8.66% Industrials 8.02% Consumer Cyclical 7.04% Basic Materials 6.33% Energy 6.07% Utility 4.99% Consumer Defensive 4.61% Communication Services 4.33% Asset Allocation
Asset Class Value Cash 4.75% Equity 95.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹36 Cr 222,200
↑ 68,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK6% ₹27 Cr 298,500
↓ -72,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY5% ₹24 Cr 161,129 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE5% ₹23 Cr 89,750
↓ -10,000 HDFC Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 22 | HDFCLIFE5% ₹21 Cr 377,700 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | AXISBANK5% ₹20 Cr 218,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT4% ₹20 Cr 95,664 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 19 | BHARTIARTL4% ₹19 Cr 240,805 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹18 Cr 294,174 GAIL (India) Ltd (Utilities)
Equity, Since 31 Jan 22 | GAIL3% ₹15 Cr 1,546,558 4. Mahindra Mutual Fund Kar Bachat Yojana
CAGR/Annualized
return of 10.6% since its launch. Return for 2022 was 2% , 2021 was 39.4% and 2020 was 14.1% . Mahindra Mutual Fund Kar Bachat Yojana
Growth Launch Date 18 Oct 16 NAV (07 Feb 23) ₹18.9489 ↓ -0.05 (-0.28 %) Net Assets (Cr) ₹524 on 31 Dec 22 Category Equity - ELSS AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.38 Sharpe Ratio -0.11 Information Ratio 0.04 Alpha Ratio -2.19 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹8,889 31 Jan 20 ₹9,580 31 Jan 21 ₹10,866 31 Jan 22 ₹15,180 31 Jan 23 ₹15,251 Returns for Mahindra Mutual Fund Kar Bachat Yojana
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 14 Jan 22 Duration Returns 1 Month -0.4% 3 Month -2% 6 Month 1% 1 Year 1.4% 3 Year 16.5% 5 Year 9.7% 10 Year 15 Year Since launch 10.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 2% 2021 39.4% 2020 14.1% 2019 4.5% 2018 -9.8% 2017 24.8% 2016 2015 2014 2013 Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana
Name Since Tenure Manish Lodha 21 Dec 20 2.03 Yr. Fatema Pacha 16 Oct 20 2.21 Yr. Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 33.47% Technology 13.71% Industrials 12.21% Consumer Cyclical 11.53% Basic Materials 8.84% Energy 5.4% Consumer Defensive 4.81% Health Care 4.77% Real Estate 2.84% Utility 1.26% Asset Allocation
Asset Class Value Cash 1.17% Equity 98.83% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK10% ₹51 Cr 313,876 Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY8% ₹43 Cr 286,807 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK8% ₹42 Cr 472,120 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE5% ₹28 Cr 111,154 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | AXISBANK4% ₹23 Cr 249,631 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | BAJFINANCE4% ₹20 Cr 31,000
↑ 4,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR3% ₹17 Cr 68,112 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 18 | LT3% ₹17 Cr 83,542 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS3% ₹16 Cr 49,286 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI2% ₹12 Cr 14,276 5. Invesco India Tax Plan
CAGR/Annualized
return of 13.4% since its launch. Ranked 17 in ELSS
category. Return for 2022 was -7.7% , 2021 was 32.6% and 2020 was 19.2% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (07 Feb 23) ₹76.26 ↓ -0.13 (-0.17 %) Net Assets (Cr) ₹1,892 on 31 Dec 22 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio -0.7 Information Ratio -0.86 Alpha Ratio -12.53 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 18 ₹10,000 31 Jan 19 ₹9,482 31 Jan 20 ₹10,747 31 Jan 21 ₹12,423 31 Jan 22 ₹16,401 31 Jan 23 ₹14,849 Returns for Invesco India Tax Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 14 Jan 22 Duration Returns 1 Month -1.1% 3 Month -4.1% 6 Month -1.5% 1 Year -7.9% 3 Year 10.9% 5 Year 9.7% 10 Year 15 Year Since launch 13.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 -7.7% 2021 32.6% 2020 19.2% 2019 9.4% 2018 -1.3% 2017 35.7% 2016 3.4% 2015 5.8% 2014 54.3% 2013 10.1% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 2.33 Yr. Dhimant Kothari 29 Mar 18 4.76 Yr. Data below for Invesco India Tax Plan as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 32.14% Technology 12.98% Industrials 11.6% Consumer Cyclical 9.83% Consumer Defensive 7.86% Basic Materials 7.5% Energy 6.25% Health Care 4.57% Utility 3.38% Communication Services 2.52% Asset Allocation
Asset Class Value Cash 1.38% Equity 98.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC10% ₹190 Cr 720,597
↓ -22,052 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY8% ₹143 Cr 946,733 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹118 Cr 464,434 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹117 Cr 1,310,060 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK3% ₹63 Cr 672,570 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Mar 21 | ULTRACEMCO3% ₹57 Cr 81,940
↑ 19,422 LTIMindtree Ltd (Technology)
Equity, Since 30 Apr 22 | LTIM3% ₹54 Cr 123,552
↑ 8,887 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | DMART3% ₹50 Cr 123,883 KEI Industries Ltd (Industrials)
Equity, Since 30 Apr 21 | KEI3% ₹49 Cr 337,835 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹48 Cr 590,699
↓ -52,449
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