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Top 5 Best Tax Saving ELSS Mutual Funds for FY 20 - 21

Updated on January 21, 2020 , 1146 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.

Tax-Savings

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Top 5 ELSS Funds To Invest In FY 20 - 21

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
Motilal Oswal Long Term Equity Fund Growth ₹19.1377
↑ 0.25
₹1,6484.816.618.41313.613.2
Invesco India Tax Plan Growth ₹54.58
↑ 0.49
₹9884.9121313.19.49.4
HDFC Long Term Advantage Fund Growth ₹378.523
↑ 2.89
₹1,3996.56.111.412.3910.1
Kotak Tax Saver Scheme Growth ₹48.604
↑ 0.61
₹1,0689.212.118.412.98.912.7
BOI AXA Tax Advantage Fund Growth ₹56.79
↑ 0.61
₹2666.617.120.313.7814.6
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Jan 20
*List of ELSS Tax saving mutual funds having net assets > 250 Crore and haing best CAGR returns in last 5 yr

1. Motilal Oswal Long Term Equity Fund

(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 CAGR/Annualized return of 13.8% since its launch.  Return for 2019 was 13.2% , 2018 was -8.7% and 2017 was 44% .

Below is the key information for Motilal Oswal Long Term Equity Fund

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 Not Rated
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.

DateValue
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

Motilal Oswal Long Term Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for Motilal Oswal Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Jan 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Aditya Khemani6 Sep 190 Yr.
Abhiroop Mukherjee21 Jan 154.61 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services47.59%
Consumer Cyclical17.34%
Industrials9.76%
Consumer Defensive6.91%
Basic Materials6.47%
Health Care6.34%
Technology2.94%
Asset Allocation
Asset ClassValue
Cash2.65%
Equity97.35%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK
10%₹164 Cr3,195,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | HDFCBANK
9%₹150 Cr1,180,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 532215
8%₹126 Cr1,707,653
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 15 | MARUTI
5%₹80 Cr110,000
HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Nov 17 | 540777
5%₹74 Cr1,300,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 19 | KOTAKBANK
5%₹73 Cr450,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 18 | LT
4%₹68 Cr509,225
United Breweries Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 532478
4%₹65 Cr517,725
↑ 45,000
Shree Cement Ltd (Basic Materials)
Equity, Since 30 Sep 19 | 500387
4%₹59 Cr27,945
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Apr 19 | 540611
4%₹58 Cr700,000

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 13.9% since its launch.  Ranked 17 in ELSS category.  Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% .

Below is the key information for Invesco India Tax Plan

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.

DateValue
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

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 ₹385,859.
Net Profit of ₹85,859
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 23 Jan 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Amit Ganatra29 Mar 181.59 Yr.
Dhimant Kothari29 Mar 181.59 Yr.

Data below for Invesco India Tax Plan as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services36.4%
Consumer Defensive10.43%
Energy9.78%
Industrials9.3%
Technology8.4%
Consumer Cyclical7.11%
Health Care5.83%
Basic Materials5.35%
Utility2.3%
Communication Services1.74%
Asset Allocation
Asset ClassValue
Cash3.36%
Equity96.64%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹86 Cr678,130
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
9%₹86 Cr553,507
↑ 31,307
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
8%₹80 Cr1,551,916
↑ 130,252
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC
7%₹66 Cr289,121
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 19 | TCS
5%₹46 Cr224,486
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | ITC
4%₹40 Cr1,615,672
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT
4%₹39 Cr292,256
Triparty Repo
CBLO/Reverse Repo | -
4%₹34 Cr
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
4%₹34 Cr212,897
↑ 29,125
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 500696
3%₹30 Cr149,509

3. 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 2019 was 10.1% , 2018 was -3.9% and 2017 was 36.2% .

Below is the key information for HDFC Long Term Advantage Fund

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.

DateValue
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

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 23 Jan 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Chirag Setalvad2 Apr 0712.51 Yr.

Data below for HDFC Long Term Advantage Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services35.32%
Industrials18.55%
Energy13.48%
Technology10.37%
Basic Materials5.49%
Consumer Defensive5.07%
Consumer Cyclical2.16%
Utility2.1%
Communication Services1.64%
Health Care1.62%
Asset Allocation
Asset ClassValue
Cash4.21%
Equity95.79%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹138 Cr2,690,000
↓ -160,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK
10%₹137 Cr1,078,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE
10%₹136 Cr875,000
↓ -57,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY
7%₹101 Cr1,453,908
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC
7%₹92 Cr400,000
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
6%₹89 Cr2,600,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
6%₹81 Cr607,500
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC
5%₹70 Cr2,822,910
Treps - Tri-Party Repo
CBLO/Reverse Repo | -
4%₹57 Cr
Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 500547
4%₹51 Cr1,000,000

4. 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 11.8% since its launch.  Ranked 19 in ELSS category.  Return for 2019 was 12.7% , 2018 was -3.8% and 2017 was 33.8% .

Below is the key information for Kotak Tax Saver Scheme

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.

DateValue
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

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 ₹376,357.
Net Profit of ₹76,357
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 23 Jan 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Harsha Upadhyaya25 Aug 153.44 Yr.

Data below for Kotak Tax Saver Scheme as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services28.31%
Industrials18.69%
Basic Materials18.52%
Energy8.15%
Technology6.84%
Consumer Cyclical6.22%
Consumer Defensive5.99%
Utility3.43%
Health Care2.17%
Asset Allocation
Asset ClassValue
Cash1.63%
Equity98.32%
Other0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
7%₹72 Cr464,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹72 Cr1,400,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
6%₹61 Cr480,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
6%₹57 Cr775,000
GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500676
4%₹40 Cr45,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
3%₹34 Cr105,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
3%₹33 Cr250,000
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 540611
3%₹33 Cr400,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
3%₹31 Cr150,000
↓ -20,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
3%₹28 Cr400,000

5. BOI AXA Tax Advantage Fund

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 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% .

Below is the key information for BOI AXA Tax Advantage Fund

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.

DateValue
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

BOI AXA Tax 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 ₹367,070.
Net Profit of ₹67,070
Invest Now

Returns for BOI AXA Tax 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 23 Jan 20

DurationReturns
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
YearReturns
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
NameSinceTenure
Aakash Manghani15 Jul 190 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Dec 19

Equity Sector Allocation
SectorValue
Financial Services43.25%
Basic Materials11.97%
Industrials10.83%
Consumer Cyclical7.41%
Health Care5.64%
Technology5.63%
Consumer Defensive5.26%
Energy4.83%
Utility1.17%
Real Estate0.98%
Communication Services0.98%
Asset Allocation
Asset ClassValue
Cash2.05%
Equity97.94%
Debt0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 500034
7%₹18 Cr43,814
↑ 615
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
7%₹17 Cr337,241
↑ 10,926
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹17 Cr131,179
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
5%₹12 Cr80,135
↑ 12,523
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
5%₹12 Cr71,724
↑ 4,015
PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND
3%₹8 Cr54,155
↑ 1,828
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 19 | HDFC
3%₹8 Cr33,400
↑ 2,400
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 532215
3%₹7 Cr97,680
Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 500488
3%₹7 Cr5,731
↑ 304
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB
3%₹7 Cr39,000

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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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