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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 ₹45.096
↓ -0.18 ₹898 4.3 9.6 11.3 13.8 14.1 -3.8 Invesco India Tax Plan Growth ₹51.01
↓ -0.33 ₹839 0.5 5.2 1 12.4 13.7 -1.3 IDFC Tax Advantage (ELSS) Fund Growth ₹56.34
↓ -0.15 ₹1,996 0.8 4.9 -0.4 13.4 13.4 -9.4 IDBI Equity Advantage Fund Growth ₹25.58
↓ -0.15 ₹592 -0.2 -3.6 -5.1 8.3 12.8 -1.7 HDFC Long Term Advantage Fund Growth ₹365.805
↓ -1.14 ₹1,461 1.6 8.6 9 14.2 11.9 -3.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jun 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 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 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 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 11.7% 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 (21 Jun 19) ₹45.096 ↓ -0.18 (-0.40 %) Net Assets (Cr) ₹898 on 30 Apr 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.73 Sharpe Ratio 0.27 Information Ratio -0.05 Alpha Ratio 3.33 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹13,965 31 May 16 ₹13,532 31 May 17 ₹17,603 31 May 18 ₹18,354 31 May 19 ₹20,499 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jun 19 Duration Returns 1 Month 1.7% 3 Month 4.3% 6 Month 9.6% 1 Year 11.3% 3 Year 13.8% 5 Year 14.1% 10 Year 15 Year Since launch 11.7% 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 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 27.93% Industrials 17.11% Basic Materials 13.58% Technology 10.54% Energy 7.9% Consumer Defensive 7% Consumer Cyclical 6.7% Utility 5.31% Health Care 2.7% Asset Allocation
Asset Class Value Cash 1.18% Equity 98.78% Debt 0% Other 0.05% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹65 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹56 Cr 240,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹54 Cr 1,325,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹54 Cr 700,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹38 Cr 170,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹34 Cr 450,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹33 Cr 245,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹33 Cr 45,000 SRF Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | SRF3% ₹27 Cr 105,000
↑ 9,778 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹25 Cr 395,000 2. Invesco India Tax Plan
CAGR/Annualized return of 14% 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 (21 Jun 19) ₹51.01 ↓ -0.33 (-0.64 %) Net Assets (Cr) ₹839 on 30 Apr 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.71 Sharpe Ratio -0.09 Information Ratio -0.58 Alpha Ratio -4.47 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹14,004 31 May 16 ₹14,067 31 May 17 ₹16,912 31 May 18 ₹19,670 31 May 19 ₹20,373 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jun 19 Duration Returns 1 Month 1.3% 3 Month 0.5% 6 Month 5.2% 1 Year 1% 3 Year 12.4% 5 Year 13.7% 10 Year 15 Year Since launch 14% 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 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 37.22% Industrials 12.63% Consumer Cyclical 11.13% Technology 9.03% Energy 8.88% Consumer Defensive 5.45% Health Care 4.58% Basic Materials 3.26% Utility 3.02% Asset Allocation
Asset Class Value Cash 4.81% Equity 95.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹81 Cr 335,081 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC9% ₹76 Cr 349,481
↑ 8,284 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹54 Cr 1,282,785 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT6% ₹50 Cr 322,433 Triparty Repo
CBLO/Reverse Repo | -5% ₹48 Cr Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 19 | TCS5% ₹42 Cr 192,270 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322154% ₹35 Cr 429,970
↑ 18,342 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE3% ₹29 Cr 221,765
↑ 39,790 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | INDUSINDBK3% ₹27 Cr 170,701 Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 19 | 5003123% ₹26 Cr 1,521,952 3. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.9% 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 (21 Jun 19) ₹56.34 ↓ -0.15 (-0.27 %) Net Assets (Cr) ₹1,996 on 30 Apr 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.51 Information Ratio -0.09 Alpha Ratio -11.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹14,058 31 May 16 ₹13,220 31 May 17 ₹17,241 31 May 18 ₹20,277 31 May 19 ₹20,092 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jun 19 Duration Returns 1 Month 1.3% 3 Month 0.8% 6 Month 4.9% 1 Year -0.4% 3 Year 13.4% 5 Year 13.4% 10 Year 15 Year Since launch 17.9% 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 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 27.99% Consumer Cyclical 13.97% Basic Materials 12.13% Industrials 11.42% Technology 8.79% Energy 6.55% Health Care 6.44% Consumer Defensive 3.43% Utility 3.35% Communication Services 0.16% Asset Allocation
Asset Class Value Cash 5.1% Equity 94.9% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹128 Cr 3,150,000
↑ 50,000 Triparty Repo
CBLO/Reverse Repo | -5% ₹100 Cr HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹81 Cr 350,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹81 Cr 2,600,000
↑ 100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹77 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹71 Cr 925,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹60 Cr 800,000
↓ -100,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹56 Cr 825,000
↑ 25,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹53 Cr 1,260,000
↑ 120,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322862% ₹39 Cr 2,200,000
↑ 400,000 4. 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 (21 Jun 19) ₹25.58 ↓ -0.15 (-0.58 %) Net Assets (Cr) ₹592 on 30 Apr 19 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.86 Sharpe Ratio -0.67 Information Ratio -0.73 Alpha Ratio -12.96 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹15,672 31 May 16 ₹15,359 31 May 17 ₹18,107 31 May 18 ₹21,099 31 May 19 ₹20,015 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jun 19 Duration Returns 1 Month -0.5% 3 Month -0.2% 6 Month -3.6% 1 Year -5.1% 3 Year 8.3% 5 Year 12.8% 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 30 Apr 19
Equity Sector Allocation
Sector Value Consumer Cyclical 31.08% Financial Services 23.1% Consumer Defensive 18.1% Basic Materials 11.72% Industrials 11.12% Health Care 3.32% Asset Allocation
Asset Class Value Cash 1.57% Equity 98.43% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN7% ₹42 Cr 303,565
↓ -4,925 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328276% ₹36 Cr 15,670
↓ -299 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK6% ₹33 Cr 241,141
↓ -5,333 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323436% ₹33 Cr 671,959
↓ -14,383 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND5% ₹32 Cr 262,235
↓ -5,711 GRUH Finance Ltd (Financial Services)
Equity, Since 30 Sep 13 | 5112885% ₹31 Cr 985,232
↓ -25,264 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099665% ₹30 Cr 86,262
↓ -2,080 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹28 Cr 189,407
↓ -4,886 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000435% ₹28 Cr 190,489
↓ -5,106 Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | EICHERMOT4% ₹26 Cr 12,688
↓ -349 5. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.5% 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 (21 Jun 19) ₹365.805 ↓ -1.14 (-0.31 %) Net Assets (Cr) ₹1,461 on 30 Apr 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 0.2 Information Ratio -0.13 Alpha Ratio -6.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 14 ₹10,000 31 May 15 ₹11,984 31 May 16 ₹12,313 31 May 17 ₹15,676 31 May 18 ₹17,111 31 May 19 ₹18,864
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 21 Jun 19 Duration Returns 1 Month 1% 3 Month 1.6% 6 Month 8.6% 1 Year 9% 3 Year 14.2% 5 Year 11.9% 10 Year 15 Year Since launch 21.5% 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 30 Apr 19
Equity Sector Allocation
Sector Value Financial Services 32.62% Industrials 16.26% Energy 12.28% Technology 10.2% Basic Materials 9.98% Consumer Defensive 5.94% Health Care 2.82% Utility 1.94% Consumer Cyclical 1.58% Communication Services 0.89% Asset Allocation
Asset Class Value Cash 4.78% Equity 95.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹140 Cr 605,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE10% ₹139 Cr 1,000,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹134 Cr 3,300,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹109 Cr 1,453,908 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC6% ₹85 Cr 2,822,910
↑ 500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹82 Cr 607,500 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹81 Cr 2,600,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC5% ₹80 Cr 400,000 Collateralised Borrowing & Lending Obligation
CBLO | -4% ₹52 Cr Vesuvius India Ltd (Industrials)
Equity, Since 31 Jan 11 | 5201133% ₹45 Cr 400,000
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