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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 (%) BOI AXA Tax Advantage Fund Growth ₹128.35
↑ 1.77 ₹860 11.1 23 23.2 23.1 21.7 -1.3 HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 PGIM India Tax Savings Fund Growth ₹28.34
↑ 0.15 ₹557 3.7 9.9 10.9 20.7 15.8 4.7 Mahindra Mutual Fund Kar Bachat Yojana Growth ₹22.8141
↑ 0.15 ₹659 3.5 13.7 14.6 21.8 15.3 2 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹72.2768
↑ 0.29 ₹705 9.2 18.9 19.5 16.3 15.1 -2.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Dec 23
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 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 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 and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent fromtime to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. BNP Paribas Long Term Equity Fund (ELSS) is a Equity - ELSS fund was launched on 5 Jan 06. It is a fund with Moderately High risk and has given a Below is the key information for BNP Paribas Long Term Equity Fund (ELSS) Returns up to 1 year are on 1. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 18.9% 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 (01 Dec 23) ₹128.35 ↑ 1.77 (1.40 %) Net Assets (Cr) ₹860 on 31 Oct 23 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 0.56 Information Ratio 0.14 Alpha Ratio 3.61 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹11,338 30 Nov 20 ₹14,226 30 Nov 21 ₹20,627 30 Nov 22 ₹21,582 30 Nov 23 ₹26,349 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Dec 23 Duration Returns 1 Month 11.4% 3 Month 11.1% 6 Month 23% 1 Year 23.2% 3 Year 23.1% 5 Year 21.7% 10 Year 15 Year Since launch 18.9% 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 1.52 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Financial Services 36.9% Industrials 12.71% Consumer Cyclical 10.84% Basic Materials 8.45% Health Care 7.25% Consumer Defensive 6.28% Utility 5.54% Technology 4.15% Energy 3.46% Real Estate 3.18% Asset Allocation
Asset Class Value Cash 1.18% Equity 98.76% Debt 0.06% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN5% ₹44 Cr 780,000
↑ 40,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324834% ₹34 Cr 895,000 Power Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 23 | 5328104% ₹34 Cr 1,387,500 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 5321344% ₹32 Cr 1,650,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK4% ₹30 Cr 204,000
↓ -12,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹30 Cr 1,260,000 Union Bank of India (Financial Services)
Equity, Since 31 Dec 22 | UNIONBANK3% ₹28 Cr 2,725,875 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 22 | SUNPHARMA3% ₹24 Cr 217,000 REC Ltd (Financial Services)
Equity, Since 30 Sep 23 | 5329553% ₹24 Cr 820,000
↑ 470,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT3% ₹23 Cr 78,000
↑ 5,643 2. 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 30 Nov 18 ₹10,000 30 Nov 19 ₹10,916 30 Nov 20 ₹11,395 30 Nov 21 ₹16,348
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 1 Dec 23 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 3. PGIM India Tax Savings Fund
CAGR/Annualized
return of 14% 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 (01 Dec 23) ₹28.34 ↑ 0.15 (0.53 %) Net Assets (Cr) ₹557 on 31 Oct 23 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 2.52 Sharpe Ratio 0.08 Information Ratio 0.28 Alpha Ratio -1.91 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,787 30 Nov 20 ₹11,640 30 Nov 21 ₹16,875 30 Nov 22 ₹18,706 30 Nov 23 ₹20,728 Returns for PGIM India Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Dec 23 Duration Returns 1 Month 7.1% 3 Month 3.7% 6 Month 9.9% 1 Year 10.9% 3 Year 20.7% 5 Year 15.8% 10 Year 15 Year Since launch 14% 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 Bhupesh Kalyani 1 Apr 23 0.59 Yr. Vinay Paharia 1 Apr 23 0.59 Yr. Anandha Padmanabhan Anjeneyan 1 Apr 23 0.59 Yr. Ojasvi Khicha 1 Apr 23 0.59 Yr. Data below for PGIM India Tax Savings Fund as on 31 Oct 23
Equity Sector Allocation
Sector Value Financial Services 31.78% Industrials 11.81% Consumer Cyclical 10.2% Basic Materials 8.22% Technology 7.44% Health Care 7.31% Consumer Defensive 7.16% Energy 5.95% Communication Services 2.57% Utility 2.56% Real Estate 0.88% Asset Allocation
Asset Class Value Cash 3.95% Equity 95.87% Debt 0.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹44 Cr 301,264
↑ 27,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK7% ₹38 Cr 411,594 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE6% ₹33 Cr 144,750 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5322154% ₹21 Cr 218,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY3% ₹16 Cr 117,829
↓ -80,500 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK3% ₹15 Cr 84,000 Bharat Electronics Ltd (Industrials)
Equity, Since 30 Apr 23 | BEL2% ₹12 Cr 936,800 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Apr 23 | 5000342% ₹12 Cr 15,785 Equitas Small Finance Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 22 | EQUITASBNK2% ₹12 Cr 1,262,500 Tube Investments of India Ltd Ordinary Shares (Industrials)
Equity, Since 30 Apr 23 | TIINDIA2% ₹12 Cr 37,000 4. Mahindra Mutual Fund Kar Bachat Yojana
CAGR/Annualized
return of 12.2% 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 (01 Dec 23) ₹22.8141 ↑ 0.15 (0.68 %) Net Assets (Cr) ₹659 on 31 Oct 23 Category Equity - ELSS AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.48 Sharpe Ratio 0.45 Information Ratio 0.56 Alpha Ratio 1.61 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹10,544 30 Nov 20 ₹11,147 30 Nov 21 ₹16,226 30 Nov 22 ₹17,661 30 Nov 23 ₹20,220 Returns for Mahindra Mutual Fund Kar Bachat Yojana
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Dec 23 Duration Returns 1 Month 7.1% 3 Month 3.5% 6 Month 13.7% 1 Year 14.6% 3 Year 21.8% 5 Year 15.3% 10 Year 15 Year Since launch 12.2% 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 2.86 Yr. Fatema Pacha 16 Oct 20 3.04 Yr. Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 31 Oct 23
Equity Sector Allocation
Sector Value Financial Services 28.76% Consumer Cyclical 13.5% Technology 13.31% Industrials 11.8% Basic Materials 8.46% Consumer Defensive 6.55% Energy 6.43% Health Care 4.27% Utility 3.15% Communication Services 1.73% Real Estate 0.85% Asset Allocation
Asset Class Value Cash 1.19% Equity 98.81% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK9% ₹56 Cr 380,876
↑ 31,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK7% ₹44 Cr 477,620
↓ -77,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE5% ₹34 Cr 148,154 Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY5% ₹33 Cr 243,807 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS3% ₹22 Cr 65,286 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5000343% ₹20 Cr 27,200
↑ 1,800 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 5322153% ₹19 Cr 197,131
↓ -125,500 NTPC Ltd (Utilities)
Equity, Since 28 Feb 21 | 5325552% ₹15 Cr 636,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI2% ₹15 Cr 14,276
↓ -3,100 Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Apr 21 | HINDALCO2% ₹13 Cr 275,000 5. BNP Paribas Long Term Equity Fund (ELSS)
CAGR/Annualized
return of 11.7% since its launch. Ranked 22 in ELSS
category. Return for 2022 was -2.1% , 2021 was 23.6% and 2020 was 17.8% . BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (01 Dec 23) ₹72.2768 ↑ 0.29 (0.40 %) Net Assets (Cr) ₹705 on 31 Oct 23 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.37 Sharpe Ratio 0.36 Information Ratio 0 Alpha Ratio 0 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Nov 18 ₹10,000 30 Nov 19 ₹11,425 30 Nov 20 ₹12,711 30 Nov 21 ₹16,605 30 Nov 22 ₹16,821 30 Nov 23 ₹20,152 Returns for BNP Paribas Long Term Equity Fund (ELSS)
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 1 Dec 23 Duration Returns 1 Month 11.2% 3 Month 9.2% 6 Month 18.9% 1 Year 19.5% 3 Year 16.3% 5 Year 15.1% 10 Year 15 Year Since launch 11.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 -2.1% 2021 23.6% 2020 17.8% 2019 14.3% 2018 -9.3% 2017 42.3% 2016 -6.6% 2015 7.7% 2014 53% 2013 7.7% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Sanjay Chawla 14 Mar 22 1.64 Yr. Pratish Krishnan 14 Mar 22 1.64 Yr. Miten Vora 1 Dec 22 0.92 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Oct 23
Equity Sector Allocation
Sector Value Financial Services 31.61% Consumer Cyclical 14.41% Technology 10.86% Health Care 7.87% Industrials 7.19% Basic Materials 5.76% Consumer Defensive 4.78% Communication Services 4.09% Energy 3.96% Real Estate 3.08% Utility 2.66% Asset Allocation
Asset Class Value Cash 3.74% Equity 96.26% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK7% ₹49 Cr 333,160 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK7% ₹47 Cr 517,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE4% ₹28 Cr 122,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT4% ₹27 Cr 91,120 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Jul 18 | ULTRACEMCO3% ₹22 Cr 26,250 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | 5000343% ₹19 Cr 26,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jan 23 | TCS2% ₹15 Cr 46,000
↑ 4,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Jun 22 | INDUSINDBK2% ₹15 Cr 101,000 Trent Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | 5002512% ₹14 Cr 63,614 Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | 5433202% ₹14 Cr 1,300,000
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