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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 (%) 2019 (%) BOI AXA Tax Advantage Fund Growth ₹62.42
↑ 0.46 ₹309 15.2 28.2 17.5 5.8 10.1 14.6 Canara Robeco Equity Tax Saver Growth ₹74.81
↑ 0.21 ₹1,181 12.3 26.1 12.6 9.6 10 10.7 Invesco India Tax Plan Growth ₹54.49
↑ 0.24 ₹1,134 8.4 25 5.6 5.7 8.8 9.4 HDFC Long Term Advantage Fund Growth ₹349.841
↑ 4.14 ₹1,115 7.4 25.1 -2.1 2.6 8.3 10.1 Kotak Tax Saver Fund Growth ₹46.522
↑ 0.29 ₹1,275 9.1 23.5 5 4.2 8.2 12.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Oct 20
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 (ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of
the scheme will be realized. Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a Below is the key information for Canara Robeco Equity Tax Saver 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 Fund 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 Fund Returns up to 1 year are on 1. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17% 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 (19 Oct 20) ₹62.42 ↑ 0.46 (0.74 %) Net Assets (Cr) ₹309 on 30 Sep 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.67 Sharpe Ratio 0.5 Information Ratio 0.29 Alpha Ratio 12.77 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹10,827 30 Sep 17 ₹13,180 30 Sep 18 ₹12,667 30 Sep 19 ₹13,783 30 Sep 20 ₹16,019 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 0.6% 3 Month 15.2% 6 Month 28.2% 1 Year 17.5% 3 Year 5.8% 5 Year 10.1% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 5.9% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 1.21 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 23.78% Basic Materials 17.72% Health Care 17.52% Technology 12.09% Consumer Cyclical 7.84% Energy 6.12% Industrials 4.47% Consumer Defensive 3.33% Communication Services 2.28% Utility 0.54% Asset Allocation
Asset Class Value Cash 2.2% Equity 97.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE6% ₹19 Cr 84,728
↓ -2,782 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹18 Cr 163,956
↓ -2,837 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND5% ₹14 Cr 71,295 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹10 Cr 33,163
↓ -2,102 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402223% ₹10 Cr 336,025
↓ -76,660 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 5325043% ₹9 Cr 42,952 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹9 Cr 72,782 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK3% ₹9 Cr 257,696
↓ -8,252 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY3% ₹9 Cr 87,279
↑ 6,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000342% ₹7 Cr 22,466
↑ 810 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 18.8% since its launch. Ranked 36 in ELSS category. Return for 2019 was 10.7% , 2018 was 2.7% and 2017 was 32% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (19 Oct 20) ₹74.81 ↑ 0.21 (0.28 %) Net Assets (Cr) ₹1,181 on 30 Sep 20 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio 0.33 Information Ratio 0.64 Alpha Ratio 9.66 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹10,903 30 Sep 17 ₹12,345 30 Sep 18 ₹13,510 30 Sep 19 ₹14,593 30 Sep 20 ₹16,136 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 1.9% 3 Month 12.3% 6 Month 26.1% 1 Year 12.6% 3 Year 9.6% 5 Year 10% 10 Year 15 Year Since launch 18.8% Historical performance (Yearly) on absolute basis
Year Returns 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% 2011 -16.3% 2010 24.9% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Shridatta Bhandwaldar 1 Oct 19 1 Yr. Cheenu Gupta 12 Mar 18 2.56 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Sep 20
Equity Sector Allocation
Sector Value Technology 24.05% Financial Services 21.96% Basic Materials 11.71% Consumer Cyclical 9.61% Energy 8.95% Health Care 8.38% Industrials 6.64% Consumer Defensive 4.14% Communication Services 0.89% Asset Allocation
Asset Class Value Cash 2.65% Equity 97.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY9% ₹108 Cr 1,074,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE9% ₹106 Cr 473,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹67 Cr 1,876,000
↑ 250,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK5% ₹59 Cr 543,184
↓ -105,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS4% ₹45 Cr 180,000
↓ -48,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000344% ₹42 Cr 126,650
↑ 7,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006963% ₹35 Cr 168,330
↓ -54,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB3% ₹34 Cr 112,500
↓ -30,000 Voltas Ltd (Industrials)
Equity, Since 31 Jul 20 | VOLTAS2% ₹27 Cr 395,000
↑ 80,000 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 20 | 5407772% ₹26 Cr 473,000 3. Invesco India Tax Plan
CAGR/Annualized return of 13.1% 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 (19 Oct 20) ₹54.49 ↑ 0.24 (0.44 %) Net Assets (Cr) ₹1,134 on 30 Sep 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.14 Information Ratio 0.21 Alpha Ratio 2.98 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹10,988 30 Sep 17 ₹12,632 30 Sep 18 ₹13,908 30 Sep 19 ₹14,411 30 Sep 20 ₹15,006 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 0.5% 3 Month 8.4% 6 Month 25% 1 Year 5.6% 3 Year 5.7% 5 Year 8.8% 10 Year 15 Year Since launch 13.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 22.1% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 0.07 Yr. Dhimant Kothari 29 Mar 18 2.51 Yr. Data below for Invesco India Tax Plan as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 26.88% Energy 11.49% Technology 11.06% Consumer Cyclical 10.2% Industrials 7.76% Basic Materials 7.48% Consumer Defensive 7.2% Utility 4.6% Health Care 4.39% Communication Services 3.94% Real Estate 0.56% Asset Allocation
Asset Class Value Cash 4.43% Equity 95.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE11% ₹130 Cr 582,815 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹102 Cr 948,078 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY8% ₹96 Cr 950,093
↓ -59,282 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹67 Cr 1,885,026 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006964% ₹47 Cr 226,766 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹47 Cr 367,073
↓ -83,761 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL4% ₹45 Cr 1,061,837
↑ 284,509 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 20 | 5430663% ₹29 Cr 338,899 Vinati Organics Ltd (Basic Materials)
Equity, Since 29 Feb 20 | 5242002% ₹25 Cr 184,799
↑ 28,099 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 5329772% ₹24 Cr 81,676 4. HDFC Long Term Advantage Fund
CAGR/Annualized return of 19.7% 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 (19 Oct 20) ₹349.841 ↑ 4.14 (1.20 %) Net Assets (Cr) ₹1,115 on 30 Sep 20 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio -0.13 Information Ratio -1.14 Alpha Ratio -4.46 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹11,894 30 Sep 17 ₹13,890 30 Sep 18 ₹14,924 30 Sep 19 ₹15,851 30 Sep 20 ₹14,942
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 19 Oct 20 Duration Returns 1 Month 0.8% 3 Month 7.4% 6 Month 25.1% 1 Year -2.1% 3 Year 2.6% 5 Year 8.3% 10 Year 15 Year Since launch 19.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 28.4% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 13.51 Yr. Data below for HDFC Long Term Advantage Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 30.21% Industrials 18.62% Energy 15.44% Technology 13% Basic Materials 5.8% Consumer Defensive 4.49% Health Care 3.59% Utility 2.22% Communication Services 1.98% Consumer Cyclical 1.29% Asset Allocation
Asset Class Value Cash 2.8% Equity 97.2% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE12% ₹134 Cr 600,000
↓ -47,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY10% ₹116 Cr 1,150,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹107 Cr 988,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹88 Cr 2,473,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC6% ₹70 Cr 400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT5% ₹55 Cr 607,500 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹48 Cr 2,822,910 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN4% ₹48 Cr 2,600,000 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Mar 18 | AUROPHARMA4% ₹40 Cr 500,000 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005473% ₹35 Cr 1,000,000 5. Kotak Tax Saver Fund
CAGR/Annualized return of 10.9% 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 Fund
Growth Launch Date 23 Nov 05 NAV (19 Oct 20) ₹46.522 ↑ 0.29 (0.63 %) Net Assets (Cr) ₹1,275 on 30 Sep 20 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.08 Information Ratio 0.09 Alpha Ratio 1.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 15 ₹10,000 30 Sep 16 ₹11,197 30 Sep 17 ₹12,954 30 Sep 18 ₹13,262 30 Sep 19 ₹14,403 30 Sep 20 ₹14,730 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 20 Duration Returns 1 Month 1.5% 3 Month 9.1% 6 Month 23.5% 1 Year 5% 3 Year 4.2% 5 Year 8.2% 10 Year 15 Year Since launch 10.9% Historical performance (Yearly) on absolute basis
Year Returns 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% 2011 -26% 2010 19.9% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 5.11 Yr. Data below for Kotak Tax Saver Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Basic Materials 17.65% Financial Services 16.22% Industrials 15.5% Technology 14.73% Consumer Defensive 10.54% Energy 8.88% Consumer Cyclical 6.29% Health Care 5.73% Utility 3.12% Asset Allocation
Asset Class Value Cash 0.96% Equity 99.01% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE9% ₹113 Cr 506,666 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY7% ₹83 Cr 825,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS6% ₹75 Cr 300,000
↑ 25,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006964% ₹56 Cr 270,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK4% ₹50 Cr 1,400,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹43 Cr 105,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | 5001243% ₹42 Cr 80,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK3% ₹41 Cr 380,000 Britannia Industries Ltd (Consumer Defensive)
Equity, Since 31 May 20 | 5008253% ₹38 Cr 100,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322152% ₹32 Cr 750,000
↓ -27,025
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