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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 (%) 2021 (%) HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 BOI AXA Tax Advantage Fund Growth ₹88.42
↑ 1.66 ₹596 -7.3 -14.2 7 20.5 14.8 41.5 PGIM India Tax Savings Fund Growth ₹22.2
↑ 0.49 ₹388 -5.4 -6.1 12.1 15.4 11.8 37.5 Invesco India Tax Plan Growth ₹72.27
↑ 1.57 ₹1,829 -9.9 -15.5 3.1 12.5 11.3 32.6 Principal Tax Savings Fund Growth ₹302.727
↑ 7.10 ₹920 -6.6 -10.1 11.9 13.3 10.3 32.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Jan 22
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 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 "The primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to
avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time. However, there is no assurance that the investment objective
shall be realize" PGIM India Tax Savings Fund is a Equity - ELSS fund was launched on 11 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for PGIM India Tax Savings 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 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 Below is the key information for Principal Tax Savings Fund Returns up to 1 year are on 1. HDFC Long Term Advantage Fund
CAGR/Annualized
return of 21.4% since its launch. Ranked 23 in ELSS
category. . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Jan 22) ₹595.168 ↑ 0.28 (0.05 %) Net Assets (Cr) ₹1,318 on 30 Nov 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.25 Sharpe Ratio 2.27 Information Ratio -0.15 Alpha Ratio 1.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹11,443 30 Apr 19 ₹12,077 30 Apr 20 ₹9,802 30 Apr 21 ₹15,152
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 14 Jan 22 Duration Returns 1 Month 4.4% 3 Month 1.2% 6 Month 15.4% 1 Year 35.5% 3 Year 20.6% 5 Year 17.4% 10 Year 15 Year Since launch 21.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Data below for HDFC Long Term Advantage Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 17.9% since its launch. Ranked 13 in ELSS
category. Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (20 May 22) ₹88.42 ↑ 1.66 (1.91 %) Net Assets (Cr) ₹596 on 30 Apr 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio 1.03 Information Ratio 0.94 Alpha Ratio -0.83 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹13,257 30 Apr 19 ₹11,300 30 Apr 20 ₹11,490 30 Apr 21 ₹18,481 30 Apr 22 ₹21,652 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 14 Jan 22 Duration Returns 1 Month -8% 3 Month -7.3% 6 Month -14.2% 1 Year 7% 3 Year 20.5% 5 Year 14.8% 10 Year 15 Year Since launch 17.9% Historical performance (Yearly) on absolute basis
Year Returns 2021 41.5% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 2.8 Yr. Alok Singh 27 Apr 22 0.01 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Apr 22
Equity Sector Allocation
Sector Value Financial Services 31.31% Technology 13.96% Consumer Cyclical 13.9% Basic Materials 12.71% Health Care 7.42% Industrials 6.93% Consumer Defensive 3.58% Energy 3.31% Communication Services 2.66% Real Estate 1.01% Asset Allocation
Asset Class Value Cash 3.12% Equity 96.79% Debt 0.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK6% ₹39 Cr 519,840
↑ 46,659 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹28 Cr 202,169
↓ -8,457 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹25 Cr 87,880
↑ 13,500 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹24 Cr 155,489
↓ -4,381 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | BAJFINANCE3% ₹19 Cr 28,188
↓ -4,398 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN3% ₹16 Cr 330,426
↑ 56,427 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 18 | CHOLAFIN3% ₹16 Cr 212,404 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK2% ₹13 Cr 75,364
↓ -4,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL2% ₹11 Cr 104,928
↑ 26,533 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK2% ₹11 Cr 154,028
↑ 9,000 3. PGIM India Tax Savings Fund
CAGR/Annualized
return of 13.2% since its launch. Return for 2021 was 37.5% , 2020 was 17.9% and 2019 was 8.2% . PGIM India Tax Savings Fund
Growth Launch Date 11 Dec 15 NAV (20 May 22) ₹22.2 ↑ 0.49 (2.26 %) Net Assets (Cr) ₹388 on 30 Apr 22 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 2.46 Sharpe Ratio 1.57 Information Ratio 0.32 Alpha Ratio 3.84 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹11,334 30 Apr 19 ₹11,365 30 Apr 20 ₹9,629 30 Apr 21 ₹14,925 30 Apr 22 ₹18,579 Returns for PGIM India Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 14 Jan 22 Duration Returns 1 Month -6.8% 3 Month -5.4% 6 Month -6.1% 1 Year 12.1% 3 Year 15.4% 5 Year 11.8% 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 2021 37.5% 2020 17.9% 2019 8.2% 2018 -6.4% 2017 39.3% 2016 1.7% 2015 2014 2013 2012 Fund Manager information for PGIM India Tax Savings Fund
Name Since Tenure Srinivas Ravuri 14 Sep 19 2.63 Yr. Puneet Pal 1 Dec 21 0.41 Yr. Utkarsh Katkoria 1 Jun 21 0.91 Yr. Data below for PGIM India Tax Savings Fund as on 30 Apr 22
Equity Sector Allocation
Sector Value Financial Services 25.44% Technology 13.48% Industrials 11.26% Health Care 9.24% Consumer Cyclical 7.55% Utility 6.82% Basic Materials 6.35% Energy 5.99% Communication Services 5.96% Consumer Defensive 2.94% Asset Allocation
Asset Class Value Cash 4.98% Equity 95.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY7% ₹28 Cr 147,129 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK7% ₹27 Cr 370,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 19 | BHARTIARTL5% ₹18 Cr 240,805 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT4% ₹17 Cr 95,664 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE4% ₹15 Cr 58,250 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5322154% ₹15 Cr 195,000
↑ 25,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK4% ₹15 Cr 100,200 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹15 Cr 294,174 GAIL (India) Ltd (Utilities)
Equity, Since 31 Jan 22 | 5321553% ₹12 Cr 790,000
↑ 100,000 Chemplast Sanmar Ltd (Basic Materials)
Equity, Since 31 Dec 21 | 5433363% ₹12 Cr 178,018
↑ 10,000 4. Invesco India Tax Plan
CAGR/Annualized
return of 13.7% since its launch. Ranked 17 in ELSS
category. Return for 2021 was 32.6% , 2020 was 19.2% and 2019 was 9.4% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (20 May 22) ₹72.27 ↑ 1.57 (2.22 %) Net Assets (Cr) ₹1,829 on 30 Apr 22 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 0.75 Information Ratio -0.27 Alpha Ratio -5.21 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹12,040 30 Apr 19 ₹12,132 30 Apr 20 ₹10,996 30 Apr 21 ₹16,235 30 Apr 22 ₹18,447 Returns for Invesco India Tax Plan
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 14 Jan 22 Duration Returns 1 Month -7.6% 3 Month -9.9% 6 Month -15.5% 1 Year 3.1% 3 Year 12.5% 5 Year 11.3% 10 Year 15 Year Since launch 13.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 32.6% 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% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 1.66 Yr. Dhimant Kothari 29 Mar 18 4.09 Yr. Data below for Invesco India Tax Plan as on 30 Apr 22
Equity Sector Allocation
Sector Value Financial Services 30.05% Consumer Cyclical 14.57% Technology 13.67% Industrials 11.29% Basic Materials 6.68% Energy 6.56% Consumer Defensive 5.17% Communication Services 4.47% Health Care 4.02% Utility 1.52% Asset Allocation
Asset Class Value Cash 1.99% Equity 98.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹133 Cr 1,790,424
↓ -316,809 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY7% ₹128 Cr 815,817 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE7% ₹120 Cr 430,369 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC6% ₹110 Cr 494,045
↑ 494,045 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK5% ₹84 Cr 471,261 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK4% ₹67 Cr 917,340
↓ -253,328 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹56 Cr 758,989 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | BAJFINANCE3% ₹52 Cr 78,137 KEI Industries Ltd (Industrials)
Equity, Since 30 Apr 21 | KEI3% ₹50 Cr 412,280 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 21 | CHOLAFIN3% ₹49 Cr 662,654 5. Principal Tax Savings Fund
CAGR/Annualized
return of 15.7% since its launch. Ranked 8 in ELSS
category. Return for 2021 was 32.1% , 2020 was 18.9% and 2019 was 2.5% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (20 May 22) ₹302.727 ↑ 7.10 (2.40 %) Net Assets (Cr) ₹920 on 30 Apr 22 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.55 Sharpe Ratio 1.46 Information Ratio -0.33 Alpha Ratio 1.92 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 17 ₹10,000 30 Apr 18 ₹12,009 30 Apr 19 ₹11,294 30 Apr 20 ₹9,387 30 Apr 21 ₹14,239 30 Apr 22 ₹17,405 Returns for Principal Tax Savings Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 14 Jan 22 Duration Returns 1 Month -6.6% 3 Month -6.6% 6 Month -10.1% 1 Year 11.9% 3 Year 13.3% 5 Year 10.3% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 32.1% 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% 2012 46.5% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 2.51 Yr. Rohit Seksaria 1 Jan 22 0.33 Yr. Data below for Principal Tax Savings Fund as on 30 Apr 22
Equity Sector Allocation
Sector Value Financial Services 35.88% Consumer Cyclical 16.01% Technology 14.87% Industrials 12.04% Health Care 6.42% Energy 3.88% Consumer Defensive 3.31% Basic Materials 2.78% Communication Services 2.09% Real Estate 0.83% Asset Allocation
Asset Class Value Cash 1.87% Equity 98.13% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK8% ₹76 Cr 1,044,215 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY7% ₹66 Cr 346,446
↓ -20,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹49 Cr 335,117 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | POLYCAB4% ₹41 Cr 172,375 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹39 Cr 787,020
↑ 77,425 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE4% ₹36 Cr 137,512 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹31 Cr 410,005
↑ 30,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹31 Cr 83,073
↓ -821 Ashok Leyland Ltd (Industrials)
Equity, Since 31 Aug 20 | 5004773% ₹28 Cr 2,405,310
↑ 90,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 19 | MARUTI3% ₹24 Cr 31,194
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