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

Updated on February 17, 2019 , 236 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 (%)
IDBI Equity Advantage Fund Growth ₹24.31
↑ 0.07
₹595-6-11.1-6.99.617.3-1.7
Invesco India Tax Plan Growth ₹46.74
↓ -0.07
₹696-3-12.1-2.314.317.2-1.3
Kotak Tax Saver Scheme Growth ₹39.796
↓ -0.07
₹781-1.9-7.6-2.114.216.8-3.8
Principal Tax Savings Fund Growth ₹188.83
↑ 0.04
₹376-6.3-11.9-11.316.316.1-9.2
IDFC Tax Advantage (ELSS) Fund Growth ₹49.9
↑ 0.09
₹1,710-7-13.4-13.114.315.4-9.4
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Feb 19
*List of ELSS Tax saving mutual funds having net assets > 250 Crore and haing best CAGR returns in last 5 yr

1. 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 (19 Feb 19) ₹24.31 ↑ 0.07   (0.29 %)
Net Assets (Cr) ₹595 on 31 Jan 19
Category Equity - ELSS
AMC IDBI Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.86
Sharpe Ratio -0.49
Information Ratio -0.57
Alpha Ratio -3.32
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 14₹10,000
31 Jan 15₹19,173
31 Jan 16₹17,381
31 Jan 17₹19,311
31 Jan 18₹24,623
31 Jan 19₹23,051

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 ₹470,047.
Net Profit of ₹170,047
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 19 Feb 19

DurationReturns
1 Month -5%
3 Month -6%
6 Month -11.1%
1 Year -6.9%
3 Year 9.6%
5 Year 17.3%
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 180.33 Yr.
Ayushi Sethia9 Oct 180.06 Yr.

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

Equity Sector Allocation
SectorValue
Consumer Cyclical31.38%
Consumer Defensive20.68%
Financial Services20.28%
Basic Materials11.77%
Industrials11.73%
Health Care1.09%
Asset Allocation
Asset ClassValue
Cash2.83%
Equity96.93%
Debt0.01%
Other0.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
6%₹37 Cr15,969
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
6%₹36 Cr308,490
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
6%₹34 Cr686,342
↓ -117,232
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
5%₹32 Cr287,946
↓ -35,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
5%₹31 Cr246,474
MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500290
5%₹30 Cr4,950
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
5%₹28 Cr88,342
Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND
5%₹28 Cr23,954
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
5%₹27 Cr194,293
United Breweries Ltd (Consumer Defensive)
Equity, Since 30 Apr 15 | 532478
5%₹27 Cr187,479

2. 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 13.5% 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 (19 Feb 19) ₹46.74 ↓ -0.07   (-0.15 %)
Net Assets (Cr) ₹696 on 31 Jan 19
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.71
Sharpe Ratio -0.47
Information Ratio -0.59
Alpha Ratio -1.87
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 14₹10,000
31 Jan 15₹16,885
31 Jan 16₹16,125
31 Jan 17₹18,351
31 Jan 18₹24,389
31 Jan 19₹23,125

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 ₹470,047.
Net Profit of ₹170,047
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 19 Feb 19

DurationReturns
1 Month -4%
3 Month -3%
6 Month -12.1%
1 Year -2.3%
3 Year 14.3%
5 Year 17.2%
10 Year
15 Year
Since launch 13.5%
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 180.59 Yr.
Dhimant Kothari29 Mar 180.59 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services32.95%
Consumer Cyclical15.03%
Technology11.42%
Industrials11.41%
Energy8.87%
Consumer Defensive5.83%
Health Care4.47%
Basic Materials3.39%
Utility3.17%
Asset Allocation
Asset ClassValue
Cash3.46%
Equity96.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹60 Cr290,808
↓ -5,113
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
7%₹49 Cr397,866
↓ -19,587
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC
7%₹45 Cr236,674
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹43 Cr1,167,075
Infosys Ltd (Technology)
Equity, Since 30 Jun 15 | INFY
6%₹41 Cr541,233
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | INDUSINDBK
4%₹29 Cr192,275
↑ 10,835
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT
4%₹28 Cr214,136
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
4%₹25 Cr342,578
↑ 24,867
Triparty Repo
CBLO/Reverse Repo | -
3%₹23 Cr
United Breweries Ltd (Consumer Defensive)
Equity, Since 31 May 16 | 532478
3%₹22 Cr151,713

3. 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 11% 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 (19 Feb 19) ₹39.796 ↓ -0.07   (-0.17 %)
Net Assets (Cr) ₹781 on 31 Jan 19
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.73
Sharpe Ratio -0.45
Information Ratio -0.1
Alpha Ratio 0.86
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 14₹10,000
31 Jan 15₹17,630
31 Jan 16₹15,488
31 Jan 17₹18,986
31 Jan 18₹23,664
31 Jan 19₹22,657

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 ₹458,689.
Net Profit of ₹158,689
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 19 Feb 19

DurationReturns
1 Month -3.7%
3 Month -1.9%
6 Month -7.6%
1 Year -2.1%
3 Year 14.2%
5 Year 16.8%
10 Year
15 Year
Since launch 11%
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 Jan 19

Equity Sector Allocation
SectorValue
Financial Services27.29%
Industrials17.08%
Basic Materials12.72%
Technology11.85%
Energy8.01%
Consumer Defensive6.85%
Consumer Cyclical5.6%
Health Care4.69%
Utility4.32%
Asset Allocation
Asset ClassValue
Cash1.39%
Equity98.42%
Debt0%
Other0.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
7%₹57 Cr464,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
6%₹50 Cr240,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹48 Cr1,325,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
6%₹43 Cr600,000
↑ 185,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
4%₹34 Cr170,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
4%₹34 Cr450,000
GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500676
4%₹33 Cr45,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹32 Cr245,000
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 540611
3%₹23 Cr395,000
Bharat Financial Inclusion Ltd (Financial Services)
Equity, Since 30 Jun 18 | BHARATFIN
3%₹21 Cr219,090

4. Principal Tax Savings Fund

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 CAGR/Annualized return of 15.8% since its launch.  Ranked 8 in ELSS category.  Return for 2018 was -9.2% , 2017 was 48.8% and 2016 was 6.2% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund
Growth
Launch Date 31 Mar 96
NAV (19 Feb 19) ₹188.83 ↑ 0.04   (0.02 %)
Net Assets (Cr) ₹376 on 31 Jan 19
Category Equity - ELSS
AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.88
Sharpe Ratio -0.84
Information Ratio 0.21
Alpha Ratio -6.07
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 14₹10,000
31 Jan 15₹16,281
31 Jan 16₹14,681
31 Jan 17₹18,092
31 Jan 18₹25,310
31 Jan 19₹22,269

Principal Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for Principal Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19

DurationReturns
1 Month -6%
3 Month -6.3%
6 Month -11.9%
1 Year -11.3%
3 Year 16.3%
5 Year 16.1%
10 Year
15 Year
Since launch 15.8%
Historical performance (Yearly) on absolute basis
YearReturns
2018 -9.2%
2017 48.8%
2016 6.2%
2015 2.7%
2014 49.4%
2013 8.5%
2012 46.5%
2011 -30.4%
2010 15%
2009 64.7%
Fund Manager information for Principal Tax Savings Fund
NameSinceTenure
P.V.K. Mohan1 Sep 108.42 Yr.

Data below for Principal Tax Savings Fund as on 31 Jan 19

Equity Sector Allocation
SectorValue
Financial Services27.26%
Consumer Defensive13.06%
Basic Materials11.41%
Technology11.05%
Consumer Cyclical8.78%
Industrials8.64%
Utility5.46%
Health Care5.17%
Energy4.39%
Communication Services1.32%
Asset Allocation
Asset ClassValue
Cash3.46%
Equity96.54%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
5%₹19 Cr91,334
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
5%₹19 Cr509,143
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE
4%₹16 Cr134,452
Treps 01-Feb-2019
CBLO/Reverse Repo | -
4%₹15 Cr
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
4%₹14 Cr68,640
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹13 Cr455,396
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
3%₹12 Cr161,594
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
3%₹11 Cr89,915
↑ 18,500
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
3%₹11 Cr369,851
Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 17 | 500400
3%₹10 Cr1,442,240

5. 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 17.2% 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 (19 Feb 19) ₹49.9 ↑ 0.09   (0.18 %)
Net Assets (Cr) ₹1,710 on 31 Jan 19
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.74
Sharpe Ratio -1.13
Information Ratio -0.29
Alpha Ratio -12.02
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jan 14₹10,000
31 Jan 15₹16,194
31 Jan 16₹15,090
31 Jan 17₹17,321
31 Jan 18₹25,108
31 Jan 19₹21,629

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 ₹447,579.
Net Profit of ₹147,579
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 19 Feb 19

DurationReturns
1 Month -5.6%
3 Month -7%
6 Month -13.4%
1 Year -13.1%
3 Year 14.3%
5 Year 15.4%
10 Year
15 Year
Since launch 17.2%
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 162.03 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services27.43%
Consumer Cyclical14.03%
Technology10.28%
Basic Materials9.58%
Industrials7.99%
Consumer Defensive6.41%
Health Care6.07%
Energy5.85%
Utility4.75%
Asset Allocation
Asset ClassValue
Cash6.48%
Equity92.99%
Other0.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Triparty Repo
CBLO/Reverse Repo | -
7%₹119 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
6%₹106 Cr2,900,000
↑ 250,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
4%₹73 Cr975,000
↑ 150,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹73 Cr350,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹68 Cr2,300,000
↑ 400,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹67 Cr550,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
4%₹61 Cr850,000
↑ 300,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹45 Cr800,000
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹44 Cr1,020,000
↑ 10,000
Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND
2%₹34 Cr30,000
↓ -300

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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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