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Top 5 Best Tax Saving ELSS Mutual Funds for FY 19 - 20
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 19 - 20
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) Kotak Tax Saver Scheme Growth ₹41.522
↑ 0.19 ₹896 -6.4 2.3 -4.8 7.6 10.4 -3.8 IDBI Equity Advantage Fund Growth ₹24.74
↑ 0.15 ₹537 -3.6 0.7 -11.9 5 9.9 -1.7 Invesco India Tax Plan Growth ₹47.41
↑ 0.33 ₹837 -6 0 -11.6 7.1 9.9 -1.3 IDFC Tax Advantage (ELSS) Fund Growth ₹49.75
↑ 0.28 ₹1,902 -10.9 -2.7 -14.4 6.5 8.8 -9.4 HDFC Long Term Advantage Fund Growth ₹333.971
↑ 2.37 ₹1,361 -7.7 -0.2 -6.3 8.5 8.4 -3.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Aug 19
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 Below is the key information for Kotak Tax Saver Scheme Returns up to 1 year are on The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized. IDBI Equity Advantage Fund is a Equity - ELSS fund was launched on 10 Sep 13. It is a fund with Moderately High risk and has given a Below is the key information for IDBI Equity 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 The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) 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 1. Kotak Tax Saver Scheme
CAGR/Annualized return of 10.9% since its launch. Ranked 19 in ELSS category. Return for 2018 was -3.8% , 2017 was 33.8% and 2016 was 7.5% . Kotak Tax Saver Scheme
Growth Launch Date 23 Nov 05 NAV (23 Aug 19) ₹41.522 ↑ 0.19 (0.45 %) Net Assets (Cr) ₹896 on 31 Jul 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.73 Sharpe Ratio -0.16 Information Ratio 0.01 Alpha Ratio 4.88 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹13,529 31 Jul 16 ₹13,850 31 Jul 17 ₹16,956 31 Jul 18 ₹17,777 31 Jul 19 ₹17,750 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Aug 19 Duration Returns 1 Month -4.2% 3 Month -6.4% 6 Month 2.3% 1 Year -4.8% 3 Year 7.6% 5 Year 10.4% 10 Year 15 Year Since launch 10.9% Historical performance (Yearly) on absolute basis
Year Returns 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% 2009 75% Fund Manager information for Kotak Tax Saver Scheme
Name Since Tenure Harsha Upadhyaya 25 Aug 15 3.44 Yr. Data below for Kotak Tax Saver Scheme as on 31 Jul 19
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Cash 2.28% Equity 97.67% Debt 0% Other 0.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹59 Cr 1,400,000
↑ 25,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE6% ₹54 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹54 Cr 240,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹52 Cr 775,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹37 Cr 170,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹36 Cr 450,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹35 Cr 250,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹33 Cr 45,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹28 Cr 105,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹27 Cr 395,000 2. IDBI Equity Advantage Fund
CAGR/Annualized return of since its launch. Ranked 21 in ELSS category. Return for 2018 was -1.7% , 2017 was 35.3% and 2016 was 0% . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (23 Aug 19) ₹24.74 ↑ 0.15 (0.61 %) Net Assets (Cr) ₹537 on 31 Jul 19 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.86 Sharpe Ratio -0.71 Information Ratio -0.65 Alpha Ratio -5.45 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹14,418 31 Jul 16 ₹14,668 31 Jul 17 ₹16,732 31 Jul 18 ₹18,153 31 Jul 19 ₹16,610 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Aug 19 Duration Returns 1 Month 0.9% 3 Month -3.6% 6 Month 0.7% 1 Year -11.9% 3 Year 5% 5 Year 9.9% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2018 -1.7% 2017 35.3% 2016 0% 2015 3.1% 2014 71.2% 2013 2012 2011 2010 2009 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Uma Venkatraman 1 Jul 18 0.59 Yr. Ayushi Sethia 9 Oct 18 0.31 Yr. Data below for IDBI Equity Advantage Fund as on 31 Jul 19
Equity Sector Allocation
Sector Value Consumer Cyclical 29.26% Consumer Defensive 20.18% Financial Services 19.36% Basic Materials 12.8% Industrials 11.54% Health Care 4% Asset Allocation
Asset Class Value Cash 2.85% Equity 97.14% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND6% ₹33 Cr 262,235 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK5% ₹29 Cr 191,141 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099665% ₹29 Cr 86,262 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹29 Cr 189,407 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328275% ₹28 Cr 15,670 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN5% ₹28 Cr 1,067,825 Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND5% ₹27 Cr 23,295 MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5002905% ₹26 Cr 4,827 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000435% ₹25 Cr 190,489 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323435% ₹25 Cr 671,959 3. Invesco India Tax Plan
CAGR/Annualized return of 13.1% since its launch. Ranked 17 in ELSS category. Return for 2018 was -1.3% , 2017 was 35.7% and 2016 was 3.4% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (23 Aug 19) ₹47.41 ↑ 0.33 (0.70 %) Net Assets (Cr) ₹837 on 31 Jul 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.71 Sharpe Ratio -0.59 Information Ratio -0.49 Alpha Ratio -3.27 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹12,995 31 Jul 16 ₹13,434 31 Jul 17 ₹15,805 31 Jul 18 ₹18,274 31 Jul 19 ₹16,927 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Aug 19 Duration Returns 1 Month -2.7% 3 Month -6% 6 Month 0% 1 Year -11.6% 3 Year 7.1% 5 Year 9.9% 10 Year 15 Year Since launch 13.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2009 83.5% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Ganatra 29 Mar 18 0.85 Yr. Dhimant Kothari 29 Mar 18 0.85 Yr. Data below for Invesco India Tax Plan as on 31 Jul 19
Equity Sector Allocation
Sector Value Financial Services 34.48% Consumer Defensive 11.36% Industrials 10.27% Technology 9.94% Energy 8.24% Consumer Cyclical 7.34% Health Care 6.21% Basic Materials 4.9% Utility 2.41% Communication Services 1.5% Asset Allocation
Asset Class Value Cash 3.33% Equity 96.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹75 Cr 335,081 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹59 Cr 277,738
↓ -10,436 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹58 Cr 1,372,441
↑ 89,656 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE7% ₹56 Cr 482,596
↑ 182,386 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 19 | TCS6% ₹46 Cr 210,566 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT4% ₹37 Cr 268,668
↓ -15,272 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | ITC4% ₹34 Cr 1,263,139
↑ 1,263,139 Triparty Repo
CBLO/Reverse Repo | -4% ₹33 Cr Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹30 Cr 198,857
↑ 198,857 United Breweries Ltd (Consumer Defensive)
Equity, Since 31 May 16 | 5324783% ₹22 Cr 156,847 4. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 16.2% since its launch. Ranked 3 in ELSS category. Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (23 Aug 19) ₹49.75 ↑ 0.28 (0.57 %) Net Assets (Cr) ₹1,902 on 31 Jul 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.64 Information Ratio -0.23 Alpha Ratio -4.63 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹13,223 31 Jul 16 ₹13,113 31 Jul 17 ₹16,562 31 Jul 18 ₹18,211 31 Jul 19 ₹16,511 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 23 Aug 19 Duration Returns 1 Month -6.8% 3 Month -10.9% 6 Month -2.7% 1 Year -14.4% 3 Year 6.5% 5 Year 8.8% 10 Year 15 Year Since launch 16.2% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% 2011 -23.3% 2010 24% 2009 70.8% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.61 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jul 19
Equity Sector Allocation
Sector Value Financial Services 29.19% Industrials 14.52% Basic Materials 13.41% Consumer Cyclical 12.84% Technology 7.84% Energy 5.95% Health Care 4.94% Consumer Defensive 4.63% Utility 1.64% Communication Services 0.35% Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹140 Cr 3,300,000
↓ -50,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹83 Cr 2,500,000
↓ -300,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹77 Cr 340,000
↓ -10,000 Triparty Repo
CBLO/Reverse Repo | -4% ₹73 Cr Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹72 Cr 1,075,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE3% ₹64 Cr 550,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹63 Cr 800,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹54 Cr 1,320,000
↑ 35,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 19 | LT2% ₹44 Cr 320,000
↑ 20,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK2% ₹41 Cr 1,025,000
↑ 125,000 5. HDFC Long Term Advantage Fund
CAGR/Annualized return of 20.7% since its launch. Ranked 23 in ELSS category. Return for 2018 was -3.9% , 2017 was 36.2% and 2016 was 13% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (23 Aug 19) ₹333.971 ↑ 2.37 (0.72 %) Net Assets (Cr) ₹1,361 on 31 Jul 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio -0.24 Information Ratio -0.22 Alpha Ratio -2 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 14 ₹10,000 31 Jul 15 ₹11,292 31 Jul 16 ₹11,965 31 Jul 17 ₹15,180 31 Jul 18 ₹16,305 31 Jul 19 ₹16,123
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 23 Aug 19 Duration Returns 1 Month -6.4% 3 Month -7.7% 6 Month -0.2% 1 Year -6.3% 3 Year 8.5% 5 Year 8.4% 10 Year 15 Year Since launch 20.7% Historical performance (Yearly) on absolute basis
Year Returns 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% 2009 88.9% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 12 Yr. Amar Kalkundrikar 10 Jan 19 0.22 Yr. Data below for HDFC Long Term Advantage Fund as on 31 Jul 19
Equity Sector Allocation
Sector Value Financial Services 34.89% Industrials 15.62% Technology 11.72% Energy 11.24% Basic Materials 8.87% Consumer Defensive 5.71% Utility 2.35% Health Care 2.11% Consumer Cyclical 1.84% Communication Services 1.29% Asset Allocation
Asset Class Value Cash 4.33% Equity 95.67% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹135 Cr 3,180,000
↓ -120,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹131 Cr 580,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE9% ₹117 Cr 1,000,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY8% ₹115 Cr 1,453,908 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹86 Cr 2,600,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC6% ₹85 Cr 400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹84 Cr 607,500 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC6% ₹76 Cr 2,822,910 Collateralised Borrowing & Lending Obligation
CBLO | -4% ₹54 Cr Carborundum Universal Ltd (Basic Materials)
Equity, Since 30 Jun 03 | 5133753% ₹41 Cr 1,229,000
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