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Top 5 Best Tax Saving ELSS Mutual Funds for FY 21 - 22
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 21 - 22
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) BOI AXA Tax Advantage Fund Growth ₹102.79
↓ -0.26 ₹512 16.5 32.9 77.2 27.2 20 31.2 Invesco India Tax Plan Growth ₹83.76
↑ 0.15 ₹1,842 13.3 25.7 63.4 19.2 16.3 19.2 HDFC Long Term Advantage Fund Growth ₹561.864
↑ 0.20 ₹1,363 12 25.7 72.9 18.3 15.8 11.5 PGIM India Tax Savings Fund Growth ₹23.19
↑ 0.05 ₹358 11.3 26.5 73.3 19 15 17.9 Principal Tax Savings Fund Growth ₹326.39
↓ -1.06 ₹583 12.6 25.9 70.9 16.8 14.7 18.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Sep 21
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 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 To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation. Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on 1. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 20.4% since its launch. Ranked 13 in ELSS category. Return for 2020 was 31.2% , 2019 was 14.6% and 2018 was -16.3% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (24 Sep 21) ₹102.79 ↓ -0.26 (-0.25 %) Net Assets (Cr) ₹512 on 31 Aug 21 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio 4.47 Information Ratio 0.69 Alpha Ratio 22.44 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹12,118 31 Aug 18 ₹13,858 31 Aug 19 ₹11,934 31 Aug 20 ₹14,357 31 Aug 21 ₹24,318 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 7.9% 3 Month 16.5% 6 Month 32.9% 1 Year 77.2% 3 Year 27.2% 5 Year 20% 10 Year 15 Year Since launch 20.4% Historical performance (Yearly) on absolute basis
Year Returns 2020 31.2% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 2.05 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 23.77% Basic Materials 21.46% Technology 16.22% Health Care 14.72% Consumer Cyclical 9.84% Consumer Defensive 3.49% Communication Services 3.41% Industrials 3.22% Energy 1.75% Utility 1.49% Asset Allocation
Asset Class Value Cash 0.63% Equity 99.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹25 Cr 361,176
↑ 30,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK4% ₹21 Cr 145,982
↓ -18,168 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹19 Cr 118,505 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB4% ₹19 Cr 38,259 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402223% ₹15 Cr 236,350
↓ -30,000 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹15 Cr 51,325 Coforge Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jul 20 | 5325413% ₹15 Cr 28,640
↑ 1,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000343% ₹14 Cr 22,229
↑ 2,780 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 5325042% ₹12 Cr 31,892
↓ -1,100 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Aug 20 | 5064012% ₹11 Cr 54,523
↑ 2,200 2. Invesco India Tax Plan
CAGR/Annualized return of 15.5% since its launch. Ranked 17 in ELSS category. Return for 2020 was 19.2% , 2019 was 9.4% and 2018 was -1.3% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (24 Sep 21) ₹83.76 ↑ 0.15 (0.18 %) Net Assets (Cr) ₹1,842 on 31 Aug 21 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 3.2 Information Ratio -0.18 Alpha Ratio 6.89 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,379 31 Aug 18 ₹13,705 31 Aug 19 ₹12,416 31 Aug 20 ₹13,369 31 Aug 21 ₹20,344 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 7.7% 3 Month 13.3% 6 Month 25.7% 1 Year 63.4% 3 Year 19.2% 5 Year 16.3% 10 Year 15 Year Since launch 15.5% Historical performance (Yearly) on absolute basis
Year Returns 2020 19.2% 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% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 0.91 Yr. Dhimant Kothari 29 Mar 18 3.35 Yr. Data below for Invesco India Tax Plan as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 31.54% Technology 16.72% Consumer Cyclical 12.43% Industrials 10.18% Basic Materials 10.15% Energy 7.99% Health Care 4.44% Utility 3.86% Consumer Defensive 1.41% Asset Allocation
Asset Class Value Cash 1.29% Equity 98.71% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Mar 17 | RELIANCE8% ₹142 Cr 696,659 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹139 Cr 2,031,464 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY7% ₹133 Cr 824,204 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK7% ₹130 Cr 913,263 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322154% ₹72 Cr 1,016,758 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK3% ₹62 Cr 373,623 Tech Mahindra Ltd (Technology)
Equity, Since 31 Oct 20 | 5327553% ₹54 Cr 448,931 L&T Technology Services Ltd (Technology)
Equity, Since 31 Aug 20 | LTTS3% ₹49 Cr 131,842 Tata Steel Ltd (Basic Materials)
Equity, Since 30 Apr 21 | TATASTEEL2% ₹43 Cr 299,503
↓ -56,005 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 5329772% ₹40 Cr 105,755
↓ -27,862 3. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.5% since its launch. Ranked 23 in ELSS category. Return for 2020 was 11.5% , 2019 was 10.1% and 2018 was -3.9% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (24 Sep 21) ₹561.864 ↑ 0.20 (0.03 %) Net Assets (Cr) ₹1,363 on 31 Aug 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.25 Sharpe Ratio 2.51 Information Ratio -0.1 Alpha Ratio 8.34 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,926 31 Aug 18 ₹13,427 31 Aug 19 ₹12,682 31 Aug 20 ₹12,863 31 Aug 21 ₹20,367
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 24 Sep 21 Duration Returns 1 Month 6.3% 3 Month 12% 6 Month 25.7% 1 Year 72.9% 3 Year 18.3% 5 Year 15.8% 10 Year 15 Year Since launch 21.5% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.5% 2019 10.1% 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 14.34 Yr. Data below for HDFC Long Term Advantage Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 35.68% Industrials 17.76% Technology 14.97% Energy 11.53% Consumer Defensive 4.5% Basic Materials 4.47% Health Care 2.8% Utility 2.61% Consumer Cyclical 2.35% Communication Services 2.21% Asset Allocation
Asset Class Value Cash 1.12% Equity 98.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹130 Cr 1,900,000
↓ -100,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY9% ₹121 Cr 750,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK9% ₹114 Cr 800,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 05 | RELIANCE8% ₹106 Cr 520,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC7% ₹98 Cr 400,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Oct 07 | LT7% ₹97 Cr 607,500 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN7% ₹91 Cr 2,100,000 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 03 | 5133755% ₹68 Cr 1,010,413
↓ -16,354 Redington (India) Ltd (Technology)
Equity, Since 31 Jul 15 | 5328055% ₹64 Cr 1,951,513 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹58 Cr 2,822,910 4. PGIM India Tax Savings Fund
CAGR/Annualized return of 15.6% since its launch. Return for 2020 was 17.9% , 2019 was 8.2% and 2018 was -6.4% . PGIM India Tax Savings Fund
Growth Launch Date 11 Dec 15 NAV (24 Sep 21) ₹23.19 ↑ 0.05 (0.22 %) Net Assets (Cr) ₹358 on 31 Aug 21 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 2.46 Sharpe Ratio 3.01 Information Ratio 0.02 Alpha Ratio 4.61 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹11,671 31 Aug 18 ₹12,861 31 Aug 19 ₹11,977 31 Aug 20 ₹12,388 31 Aug 21 ₹19,589 Returns for PGIM India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 6.5% 3 Month 11.3% 6 Month 26.5% 1 Year 73.3% 3 Year 19% 5 Year 15% 10 Year 15 Year Since launch 15.6% Historical performance (Yearly) on absolute basis
Year Returns 2020 17.9% 2019 8.2% 2018 -6.4% 2017 39.3% 2016 1.7% 2015 2014 2013 2012 2011 Fund Manager information for PGIM India Tax Savings Fund
Name Since Tenure Srinivas Ravuri 14 Sep 19 1.88 Yr. Utkarsh Katkoria 1 Jun 21 0.17 Yr. Data below for PGIM India Tax Savings Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 28.82% Technology 15.48% Industrials 10.77% Health Care 9.95% Consumer Cyclical 9.51% Energy 6.11% Consumer Defensive 5.08% Utility 4.89% Communication Services 4.39% Basic Materials 3.74% Asset Allocation
Asset Class Value Cash 1.26% Equity 98.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK8% ₹29 Cr 419,500
↓ -27,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY8% ₹27 Cr 168,129
↓ -23,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK5% ₹19 Cr 133,200
↑ 11,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 30 Sep 17 | LT5% ₹18 Cr 113,664 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN5% ₹17 Cr 404,174 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 19 | BHARTIARTL4% ₹15 Cr 272,805 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Aug 17 | RELIANCE4% ₹14 Cr 68,250
↓ -25,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 17 | HDFC4% ₹12 Cr 50,700
↓ -7,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 17 | TCS3% ₹12 Cr 37,500 Praj Industries Ltd (Industrials)
Equity, Since 31 Oct 19 | 5222053% ₹11 Cr 313,356 5. Principal Tax Savings Fund
CAGR/Annualized return of 16.5% since its launch. Ranked 8 in ELSS category. Return for 2020 was 18.9% , 2019 was 2.5% and 2018 was -9.2% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (24 Sep 21) ₹326.39 ↓ -1.06 (-0.32 %) Net Assets (Cr) ₹583 on 31 Aug 21 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.55 Sharpe Ratio 2.94 Information Ratio -0.83 Alpha Ratio 0.01 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Aug 16 ₹10,000 31 Aug 17 ₹12,198 31 Aug 18 ₹13,823 31 Aug 19 ₹11,947 31 Aug 20 ₹12,605 31 Aug 21 ₹19,530 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Sep 21 Duration Returns 1 Month 8.2% 3 Month 12.6% 6 Month 25.9% 1 Year 70.9% 3 Year 16.8% 5 Year 14.7% 10 Year 15 Year Since launch 16.5% Historical performance (Yearly) on absolute basis
Year Returns 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% 2012 46.5% 2011 -30.4% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 1.76 Yr. Data below for Principal Tax Savings Fund as on 31 Aug 21
Equity Sector Allocation
Sector Value Financial Services 34.14% Technology 14.28% Consumer Cyclical 12.01% Industrials 8.88% Consumer Defensive 6.81% Basic Materials 5.29% Health Care 5.02% Communication Services 4.87% Utility 1.03% Real Estate 1.02% Energy 0.9% Asset Allocation
Asset Class Value Cash 2.69% Equity 97.3% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹45 Cr 665,990 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY7% ₹40 Cr 250,459 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹30 Cr 212,741 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 5426524% ₹21 Cr 112,670 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹17 Cr 396,310 Reliance Industries Ltd.
Equity, Since 30 Jun 21 | -3% ₹17 Cr 118,720 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹17 Cr 23,703 Tata Steel Ltd (Basic Materials)
Equity, Since 30 Apr 21 | TATASTEEL3% ₹16 Cr 111,372 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹16 Cr 219,595 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 18 | BHARTIARTL3% ₹15 Cr 269,710
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