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

Updated on June 21, 2019 , 760 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 ₹45.096
↓ -0.18
₹8984.39.611.313.814.1-3.8
Invesco India Tax Plan Growth ₹51.01
↓ -0.33
₹8390.55.2112.413.7-1.3
IDFC Tax Advantage (ELSS) Fund Growth ₹56.34
↓ -0.15
₹1,9960.84.9-0.413.413.4-9.4
IDBI Equity Advantage Fund Growth ₹25.58
↓ -0.15
₹592-0.2-3.6-5.18.312.8-1.7
HDFC Long Term Advantage Fund Growth ₹365.805
↓ -1.14
₹1,4611.68.6914.211.9-3.9
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jun 19
*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 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% .

Below is the key information for Kotak Tax Saver Scheme

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.

DateValue
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

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 ₹436,710.
Net Profit of ₹136,710
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 21 Jun 19

DurationReturns
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
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 30 Apr 19

Equity Sector Allocation
SectorValue
Financial Services27.93%
Industrials17.11%
Basic Materials13.58%
Technology10.54%
Energy7.9%
Consumer Defensive7%
Consumer Cyclical6.7%
Utility5.31%
Health Care2.7%
Asset Allocation
Asset ClassValue
Cash1.18%
Equity98.78%
Debt0%
Other0.05%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE
7%₹65 Cr464,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
6%₹56 Cr240,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
6%₹54 Cr1,325,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
6%₹54 Cr700,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
4%₹38 Cr170,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
4%₹34 Cr450,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT
4%₹33 Cr245,000
GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 500676
4%₹33 Cr45,000
SRF Ltd (Consumer Cyclical)
Equity, Since 30 Apr 16 | SRF
3%₹27 Cr105,000
↑ 9,778
AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 540611
3%₹25 Cr395,000

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 14% 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 (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.

DateValue
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

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 ₹426,080.
Net Profit of ₹126,080
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 21 Jun 19

DurationReturns
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
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 30 Apr 19

Equity Sector Allocation
SectorValue
Financial Services37.22%
Industrials12.63%
Consumer Cyclical11.13%
Technology9.03%
Energy8.88%
Consumer Defensive5.45%
Health Care4.58%
Basic Materials3.26%
Utility3.02%
Asset Allocation
Asset ClassValue
Cash4.81%
Equity95.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹81 Cr335,081
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC
9%₹76 Cr349,481
↑ 8,284
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹54 Cr1,282,785
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT
6%₹50 Cr322,433
Triparty Repo
CBLO/Reverse Repo | -
5%₹48 Cr
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 19 | TCS
5%₹42 Cr192,270
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
4%₹35 Cr429,970
↑ 18,342
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
3%₹29 Cr221,765
↑ 39,790
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | INDUSINDBK
3%₹27 Cr170,701
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 30 Apr 19 | 500312
3%₹26 Cr1,521,952

3. 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 17.9% 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 (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.

DateValue
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

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 ₹426,080.
Net Profit of ₹126,080
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 21 Jun 19

DurationReturns
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
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 30 Apr 19

Equity Sector Allocation
SectorValue
Financial Services27.99%
Consumer Cyclical13.97%
Basic Materials12.13%
Industrials11.42%
Technology8.79%
Energy6.55%
Health Care6.44%
Consumer Defensive3.43%
Utility3.35%
Communication Services0.16%
Asset Allocation
Asset ClassValue
Cash5.1%
Equity94.9%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
6%₹128 Cr3,150,000
↑ 50,000
Triparty Repo
CBLO/Reverse Repo | -
5%₹100 Cr
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹81 Cr350,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
4%₹81 Cr2,600,000
↑ 100,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹77 Cr550,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
4%₹71 Cr925,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
3%₹60 Cr800,000
↓ -100,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹56 Cr825,000
↑ 25,000
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹53 Cr1,260,000
↑ 120,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 532286
2%₹39 Cr2,200,000
↑ 400,000

4. 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 (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.

DateValue
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

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 ₹415,684.
Net Profit of ₹115,684
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 21 Jun 19

DurationReturns
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
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 30 Apr 19

Equity Sector Allocation
SectorValue
Consumer Cyclical31.08%
Financial Services23.1%
Consumer Defensive18.1%
Basic Materials11.72%
Industrials11.12%
Health Care3.32%
Asset Allocation
Asset ClassValue
Cash1.57%
Equity98.43%
Debt0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN
7%₹42 Cr303,565
↓ -4,925
Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 532827
6%₹36 Cr15,670
↓ -299
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK
6%₹33 Cr241,141
↓ -5,333
TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 532343
6%₹33 Cr671,959
↓ -14,383
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND
5%₹32 Cr262,235
↓ -5,711
GRUH Finance Ltd (Financial Services)
Equity, Since 30 Sep 13 | 511288
5%₹31 Cr985,232
↓ -25,264
VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 509966
5%₹30 Cr86,262
↓ -2,080
Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 500820
5%₹28 Cr189,407
↓ -4,886
Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 500043
5%₹28 Cr190,489
↓ -5,106
Eicher Motors Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | EICHERMOT
4%₹26 Cr12,688
↓ -349

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 21.5% 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 (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.

DateValue
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

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 ₹405,518.
Net Profit of ₹105,518
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 21 Jun 19

DurationReturns
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
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 30 Apr 19

Equity Sector Allocation
SectorValue
Financial Services32.62%
Industrials16.26%
Energy12.28%
Technology10.2%
Basic Materials9.98%
Consumer Defensive5.94%
Health Care2.82%
Utility1.94%
Consumer Cyclical1.58%
Communication Services0.89%
Asset Allocation
Asset ClassValue
Cash4.78%
Equity95.22%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK
10%₹140 Cr605,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE
10%₹139 Cr1,000,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹134 Cr3,300,000
Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY
7%₹109 Cr1,453,908
ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC
6%₹85 Cr2,822,910
↑ 500,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT
6%₹82 Cr607,500
State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN
6%₹81 Cr2,600,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC
5%₹80 Cr400,000
Collateralised Borrowing & Lending Obligation
CBLO | -
4%₹52 Cr
Vesuvius India Ltd (Industrials)
Equity, Since 31 Jan 11 | 520113
3%₹45 Cr400,000

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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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