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Top 5 Best Tax Saving ELSS Mutual Funds for FY 19 - 20

Updated on August 21, 2019 , 857 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 19 - 20

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2018 (%)
Kotak Tax Saver Scheme Growth ₹41.522
↑ 0.19
₹896-6.42.3-4.87.610.4-3.8
IDBI Equity Advantage Fund Growth ₹24.74
↑ 0.15
₹537-3.60.7-11.959.9-1.7
Invesco India Tax Plan Growth ₹47.41
↑ 0.33
₹837-60-11.67.19.9-1.3
IDFC Tax Advantage (ELSS) Fund Growth ₹49.75
↑ 0.28
₹1,902-10.9-2.7-14.46.58.8-9.4
HDFC Long Term Advantage Fund Growth ₹333.971
↑ 2.37
₹1,361-7.7-0.2-6.38.58.4-3.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 23 Aug 19
*List of ELSS Tax saving mutual funds having net assets > 250 Crore and haing best CAGR returns in last 5 yr

1. 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 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% .

Below is the key information for Kotak Tax Saver Scheme

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.

DateValue
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

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 ₹395,578.
Net Profit of ₹95,578
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 Aug 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Harsha Upadhyaya25 Aug 153.44 Yr.

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

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Cash2.28%
Equity97.67%
Debt0%
Other0.05%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
7%₹59 Cr1,400,000
↑ 25,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
6%₹54 Cr464,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
6%₹54 Cr240,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
6%₹52 Cr775,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
4%₹37 Cr170,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
4%₹36 Cr450,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹35 Cr250,000
GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500676
4%₹33 Cr45,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
3%₹28 Cr105,000
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 540611
3%₹27 Cr395,000

2. IDBI Equity Advantage Fund

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 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% .

Below is the key information for IDBI Equity Advantage Fund

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.

DateValue
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

IDBI Equity 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 ₹385,859.
Net Profit of ₹85,859
Invest Now

Returns for IDBI Equity 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 Aug 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Uma Venkatraman1 Jul 180.59 Yr.
Ayushi Sethia9 Oct 180.31 Yr.

Data below for IDBI Equity Advantage Fund as on 31 Jul 19

Equity Sector Allocation
SectorValue
Consumer Cyclical29.26%
Consumer Defensive20.18%
Financial Services19.36%
Basic Materials12.8%
Industrials11.54%
Health Care4%
Asset Allocation
Asset ClassValue
Cash2.85%
Equity97.14%
Debt0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
6%₹33 Cr262,235
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
5%₹29 Cr191,141
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
5%₹29 Cr86,262
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
5%₹29 Cr189,407
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
5%₹28 Cr15,670
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
5%₹28 Cr1,067,825
Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND
5%₹27 Cr23,295
MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500290
5%₹26 Cr4,827
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500043
5%₹25 Cr190,489
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
5%₹25 Cr671,959

3. 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 13.1% since its launch.  Ranked 17 in ELSS category.  Return for 2018 was -1.3% , 2017 was 35.7% and 2016 was 3.4% .

Below is the key information for Invesco India Tax Plan

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.

DateValue
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

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 Aug 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Amit Ganatra29 Mar 180.85 Yr.
Dhimant Kothari29 Mar 180.85 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services34.48%
Consumer Defensive11.36%
Industrials10.27%
Technology9.94%
Energy8.24%
Consumer Cyclical7.34%
Health Care6.21%
Basic Materials4.9%
Utility2.41%
Communication Services1.5%
Asset Allocation
Asset ClassValue
Cash3.33%
Equity96.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹75 Cr335,081
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC
7%₹59 Cr277,738
↓ -10,436
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹58 Cr1,372,441
↑ 89,656
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
7%₹56 Cr482,596
↑ 182,386
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 19 | TCS
6%₹46 Cr210,566
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT
4%₹37 Cr268,668
↓ -15,272
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | ITC
4%₹34 Cr1,263,139
↑ 1,263,139
Triparty Repo
CBLO/Reverse Repo | -
4%₹33 Cr
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
4%₹30 Cr198,857
↑ 198,857
United Breweries Ltd (Consumer Defensive)
Equity, Since 31 May 16 | 532478
3%₹22 Cr156,847

4. IDFC Tax Advantage (ELSS) Fund

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 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% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

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.

DateValue
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

IDFC Tax Advantage (ELSS) 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

Returns for IDFC Tax Advantage (ELSS) 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 Aug 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Daylynn Pinto20 Oct 162.61 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jul 19

Equity Sector Allocation
SectorValue
Financial Services29.19%
Industrials14.52%
Basic Materials13.41%
Consumer Cyclical12.84%
Technology7.84%
Energy5.95%
Health Care4.94%
Consumer Defensive4.63%
Utility1.64%
Communication Services0.35%
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
7%₹140 Cr3,300,000
↓ -50,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹83 Cr2,500,000
↓ -300,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹77 Cr340,000
↓ -10,000
Triparty Repo
CBLO/Reverse Repo | -
4%₹73 Cr
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
4%₹72 Cr1,075,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
3%₹64 Cr550,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
3%₹63 Cr800,000
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹54 Cr1,320,000
↑ 35,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 19 | LT
2%₹44 Cr320,000
↑ 20,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
2%₹41 Cr1,025,000
↑ 125,000

5. 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 20.7% since its launch.  Ranked 23 in ELSS category.  Return for 2018 was -3.9% , 2017 was 36.2% and 2016 was 13% .

Below is the key information for HDFC Long Term Advantage Fund

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.

DateValue
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

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 Aug 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Chirag Setalvad2 Apr 0712 Yr.
Amar Kalkundrikar10 Jan 190.22 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services34.89%
Industrials15.62%
Technology11.72%
Energy11.24%
Basic Materials8.87%
Consumer Defensive5.71%
Utility2.35%
Health Care2.11%
Consumer Cyclical1.84%
Communication Services1.29%
Asset Allocation
Asset ClassValue
Cash4.33%
Equity95.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹135 Cr3,180,000
↓ -120,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK
10%₹131 Cr580,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE
9%₹117 Cr1,000,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY
8%₹115 Cr1,453,908
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
6%₹86 Cr2,600,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC
6%₹85 Cr400,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
6%₹84 Cr607,500
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC
6%₹76 Cr2,822,910
Collateralised Borrowing & Lending Obligation
CBLO | -
4%₹54 Cr
Carborundum Universal Ltd (Basic Materials)
Equity, Since 30 Jun 03 | 513375
3%₹41 Cr1,229,000

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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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