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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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Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) BOI AXA Tax Advantage Fund Growth ₹78.24
↑ 0.56 ₹399 3.5 25 63.6 10.8 17 31.2 Canara Robeco Equity Tax Saver Growth ₹92.42
↑ 0.83 ₹1,725 0.5 22.7 60.3 15.4 16 27.4 Kotak Tax Saver Fund Growth ₹58.438
↑ 0.48 ₹1,679 3.9 25.7 62.2 12.6 14.7 14.9 HDFC Long Term Advantage Fund Growth ₹448.369
↑ 7.96 ₹1,340 2.5 28.1 67.1 9.7 14.2 11.5 Invesco India Tax Plan Growth ₹66.4
↑ 0.68 ₹1,461 0 21.2 55.6 10.5 14.1 19.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 13 Apr 21
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 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 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 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 1. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 18.5% since its launch. Ranked 13 in ELSS
category. Return for 2020 was 31.2% , 2019 was 14.6% and 2018 was -16.3% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (13 Apr 21) ₹78.24 ↑ 0.56 (0.72 %) Net Assets (Cr) ₹399 on 28 Feb 21 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.67 Sharpe Ratio 1 Information Ratio 0.05 Alpha Ratio 2.82 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,211 31 Mar 18 ₹15,601 31 Mar 19 ₹14,341 31 Mar 20 ₹12,887 31 Mar 21 ₹22,489 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Apr 21 Duration Returns 1 Month -2.3% 3 Month 3.5% 6 Month 25% 1 Year 63.6% 3 Year 10.8% 5 Year 17% 10 Year 15 Year Since launch 18.5% Historical performance (Yearly) on absolute basis
Year Returns 2020 31.2% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 1.72 Yr. Data below for BOI AXA Tax Advantage Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 29.87% Basic Materials 17.62% Technology 14.56% Health Care 10.22% Consumer Cyclical 9.97% Industrials 4.63% Communication Services 3.92% Energy 3.48% Consumer Defensive 2.11% Utility 0.72% Asset Allocation
Asset Class Value Cash 2.91% Equity 97.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK7% ₹27 Cr 173,358
↑ 4,949 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹19 Cr 320,694
↑ 68,381 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹16 Cr 129,655
↓ -3,093 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹14 Cr 66,440
↓ -11,189 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹13 Cr 58,142
↓ -6,500 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹12 Cr 35,659
↑ 1,040 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 18 | CHOLAFIN3% ₹12 Cr 223,507
↑ 22,736 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 19 | HDFC3% ₹11 Cr 42,848
↑ 5,037 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹11 Cr 59,554
↑ 2,085 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402222% ₹10 Cr 278,350 2. Canara Robeco Equity Tax Saver
CAGR/Annualized
return of 20% since its launch. Ranked 36 in ELSS
category. Return for 2020 was 27.4% , 2019 was 10.7% and 2018 was 2.7% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (13 Apr 21) ₹92.42 ↑ 0.83 (0.91 %) Net Assets (Cr) ₹1,725 on 28 Feb 21 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio 0.99 Information Ratio 0.7 Alpha Ratio 3.71 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹11,850 31 Mar 18 ₹13,400 31 Mar 19 ₹15,236 31 Mar 20 ₹12,618 31 Mar 21 ₹21,905 Returns for Canara Robeco Equity Tax Saver
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Apr 21 Duration Returns 1 Month -4.3% 3 Month 0.5% 6 Month 22.7% 1 Year 60.3% 3 Year 15.4% 5 Year 16% 10 Year 15 Year Since launch 20% Historical performance (Yearly) on absolute basis
Year Returns 2020 27.4% 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% 2011 -16.3% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Shridatta Bhandwaldar 1 Oct 19 1.5 Yr. Cheenu Gupta 12 Mar 18 3.06 Yr. Data below for Canara Robeco Equity Tax Saver as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 31.77% Technology 18.31% Industrials 12.9% Consumer Cyclical 12.12% Basic Materials 10.76% Health Care 4.18% Consumer Defensive 3.44% Communication Services 2.84% Utility 1.02% Energy 0.41% Asset Allocation
Asset Class Value Cash 2.24% Equity 97.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY8% ₹163 Cr 1,191,310
↑ 116,810 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK7% ₹146 Cr 2,506,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK6% ₹115 Cr 767,184
↑ 75,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN6% ₹108 Cr 2,975,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Dec 20 | LT5% ₹96 Cr 680,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000343% ₹68 Cr 132,450
↑ 7,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹65 Cr 928,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS3% ₹61 Cr 192,815
↑ 70,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB2% ₹43 Cr 119,000
↑ 13,500 Voltas Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Jul 20 | VOLTAS2% ₹42 Cr 420,000 3. Kotak Tax Saver Fund
CAGR/Annualized
return of 12.2% since its launch. Ranked 19 in ELSS
category. Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (13 Apr 21) ₹58.438 ↑ 0.48 (0.82 %) Net Assets (Cr) ₹1,679 on 28 Feb 21 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.77 Information Ratio 0.32 Alpha Ratio -3.9 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,978 31 Mar 18 ₹13,789 31 Mar 19 ₹15,193 31 Mar 20 ₹11,938 31 Mar 21 ₹20,457 Returns for Kotak Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Apr 21 Duration Returns 1 Month -2.3% 3 Month 3.9% 6 Month 25.7% 1 Year 62.2% 3 Year 12.6% 5 Year 14.7% 10 Year 15 Year Since launch 12.2% Historical performance (Yearly) on absolute basis
Year Returns 2020 14.9% 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% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 5.6 Yr. Data below for Kotak Tax Saver Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 24.97% Basic Materials 18.07% Industrials 17.52% Technology 11.81% Consumer Cyclical 7.89% Health Care 6.53% Energy 3.73% Utility 3.47% Communication Services 2.98% Consumer Defensive 1.59% Asset Allocation
Asset Class Value Cash 1.44% Equity 98.55% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹140 Cr 2,350,000
↑ 850,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY6% ₹100 Cr 800,000
↓ -25,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹65 Cr 225,000
↓ -46,027 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Jun 06 | RELIANCE4% ₹63 Cr 300,000
↓ -100,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN4% ₹60 Cr 1,550,000
↑ 1,550,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK3% ₹58 Cr 380,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹54 Cr 100,000
↓ -5,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹53 Cr 725,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 21 | BHARTIARTL3% ₹50 Cr 900,000
↑ 900,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 28 Feb 14 | LT3% ₹47 Cr 325,000
↑ 25,000 4. HDFC Long Term Advantage Fund
CAGR/Annualized
return of 20.6% since its launch. Ranked 23 in ELSS
category. Return for 2020 was 11.5% , 2019 was 10.1% and 2018 was -3.9% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (13 Apr 21) ₹448.369 ↑ 7.96 (1.81 %) Net Assets (Cr) ₹1,340 on 28 Feb 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.83 Information Ratio -0.7 Alpha Ratio 0.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹13,009 31 Mar 18 ₹14,495 31 Mar 19 ₹16,072 31 Mar 20 ₹11,350 31 Mar 21 ₹20,188
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 13 Apr 21 Duration Returns 1 Month -4.5% 3 Month 2.5% 6 Month 28.1% 1 Year 67.1% 3 Year 9.7% 5 Year 14.2% 10 Year 15 Year Since launch 20.6% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.5% 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% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 14.01 Yr. Anand Laddha 21 Oct 20 0.44 Yr. Data below for HDFC Long Term Advantage Fund as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 36.16% Industrials 18.71% Energy 11.45% Technology 9.99% Basic Materials 5.72% Consumer Defensive 4.3% Health Care 3.19% Utility 2.4% Communication Services 2.13% Consumer Cyclical 1.96% Asset Allocation
Asset Class Value Cash 2.31% Equity 96% Other 1.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹130 Cr 850,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹120 Cr 2,000,000 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Jul 05 | RELIANCE8% ₹108 Cr 520,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC8% ₹102 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN8% ₹101 Cr 2,600,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹94 Cr 750,000 Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Oct 07 | LT7% ₹88 Cr 607,500 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 03 | 5133755% ₹62 Cr 1,229,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC4% ₹58 Cr 2,822,910 Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005473% ₹45 Cr 1,000,000 5. Invesco India Tax Plan
CAGR/Annualized
return of 14.2% since its launch. Ranked 17 in ELSS
category. Return for 2020 was 19.2% , 2019 was 9.4% and 2018 was -1.3% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (13 Apr 21) ₹66.4 ↑ 0.68 (1.03 %) Net Assets (Cr) ₹1,461 on 28 Feb 21 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.73 Information Ratio -0.15 Alpha Ratio -6.07 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Mar 16 ₹10,000 31 Mar 17 ₹12,091 31 Mar 18 ₹13,969 31 Mar 19 ₹15,241 31 Mar 20 ₹12,017 31 Mar 21 ₹19,947 Returns for Invesco India Tax Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 13 Apr 21 Duration Returns 1 Month -4.1% 3 Month 0% 6 Month 21.2% 1 Year 55.6% 3 Year 10.5% 5 Year 14.1% 10 Year 15 Year Since launch 14.2% Historical performance (Yearly) on absolute basis
Year Returns 2020 19.2% 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% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 0.57 Yr. Dhimant Kothari 29 Mar 18 3.01 Yr. Data below for Invesco India Tax Plan as on 28 Feb 21
Equity Sector Allocation
Sector Value Financial Services 34.53% Technology 16.82% Consumer Cyclical 10.26% Industrials 9.02% Basic Materials 7.28% Energy 5.68% Consumer Defensive 4.97% Health Care 4.4% Utility 3.13% Communication Services 2.77% Asset Allocation
Asset Class Value Cash 1.14% Equity 98.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹145 Cr 948,078 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY9% ₹135 Cr 1,076,677 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹121 Cr 2,031,464 Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹83 Cr 397,743 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322154% ₹64 Cr 883,988
↑ 192,701 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹56 Cr 316,379 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006964% ₹54 Cr 254,612 L&T Technology Services Ltd (Technology)
Equity, Since 31 Aug 20 | LTTS3% ₹43 Cr 167,264 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL3% ₹41 Cr 728,066 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 20 | 5430663% ₹37 Cr 348,092
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