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Top 5 Best Tax Saving ELSS Mutual Funds for FY 22 - 23
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 22 - 23
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 ₹99.68
↑ 0.70 ₹645 13.4 0.5 -2.6 25 14 41.5 PGIM India Tax Savings Fund Growth ₹23.88
↑ 0.15 ₹416 8.7 -2.9 3.6 19.6 12.1 37.5 Invesco India Tax Plan Growth ₹77.43
↑ 0.19 ₹1,903 8.9 -4.5 -6.8 16 11.4 32.6 LIC MF Tax Plan Growth ₹101.113
↑ 0.38 ₹425 11.6 0.7 0 14.1 11.2 26.2 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 The investment objective of the scheme is to provide capital growth along with tax rebate and tax relief to our investors through prudent investments in the stock markets. However, there is no assurance that the investment objective of the Scheme will be realised. LIC MF Tax Plan is a Equity - ELSS fund was launched on 3 Feb 99. It is a fund with Moderately High risk and has given a Below is the key information for LIC MF Tax Plan 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 Sep 17 ₹10,000 30 Sep 18 ₹10,744 30 Sep 19 ₹11,412 30 Sep 20 ₹10,757 30 Sep 21 ₹17,891
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 18.4% 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 (06 Oct 22) ₹99.68 ↑ 0.70 (0.71 %) Net Assets (Cr) ₹645 on 31 Aug 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.56 Sharpe Ratio -0.21 Information Ratio 0.68 Alpha Ratio -7.28 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹9,611 30 Sep 19 ₹10,457 30 Sep 20 ₹12,154 30 Sep 21 ₹20,152 30 Sep 22 ₹19,635 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 -0.5% 3 Month 13.4% 6 Month 0.5% 1 Year -2.6% 3 Year 25% 5 Year 14% 10 Year 15 Year Since launch 18.4% 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 Alok Singh 27 Apr 22 0.35 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 32.19% Consumer Cyclical 19.21% Basic Materials 10.48% Consumer Defensive 8.2% Industrials 7.53% Health Care 5.97% Energy 3.72% Technology 3.69% Utility 3.2% Real Estate 2.23% Communication Services 0.72% Asset Allocation
Asset Class Value Cash 2.86% Equity 97.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹47 Cr 529,340 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN6% ₹36 Cr 671,000
↑ 51,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹32 Cr 214,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹24 Cr 91,009
↓ -6,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹21 Cr 1,260,000
↑ 282,141 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | M&M3% ₹19 Cr 142,000
↑ 17,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL3% ₹17 Cr 168,692 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹17 Cr 87,607 Schaeffler India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | SCHAEFFLER3% ₹17 Cr 55,000
↑ 4,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5322152% ₹15 Cr 204,000
↑ 41,972 3. PGIM India Tax Savings Fund
CAGR/Annualized return of 13.6% 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 (06 Oct 22) ₹23.88 ↑ 0.15 (0.63 %) Net Assets (Cr) ₹416 on 31 Aug 22 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 2.46 Sharpe Ratio 0.29 Information Ratio -0.05 Alpha Ratio 0.96 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,401 30 Sep 19 ₹10,809 30 Sep 20 ₹10,492 30 Sep 21 ₹17,451 30 Sep 22 ₹17,784 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 -0.9% 3 Month 8.7% 6 Month -2.9% 1 Year 3.6% 3 Year 19.6% 5 Year 12.1% 10 Year 15 Year Since launch 13.6% 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 2.96 Yr. Puneet Pal 1 Dec 21 0.75 Yr. Utkarsh Katkoria 1 Jun 21 1.25 Yr. Data below for PGIM India Tax Savings Fund as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 31.24% Industrials 9.59% Health Care 9.41% Technology 9.33% Basic Materials 8.4% Energy 7.41% Consumer Cyclical 5.89% Communication Services 5.83% Utility 3.52% Consumer Defensive 3.47% Asset Allocation
Asset Class Value Cash 5.9% Equity 94.1% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK8% ₹33 Cr 370,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE6% ₹26 Cr 99,750 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY6% ₹24 Cr 161,129 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK6% ₹23 Cr 154,200 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT4% ₹18 Cr 95,664 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 19 | BHARTIARTL4% ₹17 Cr 240,805 UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 Dec 21 | ULTRACEMCO4% ₹17 Cr 25,785 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5322154% ₹16 Cr 218,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹16 Cr 294,174 ITC Ltd (Consumer Defensive)
Equity, Since 31 Aug 17 | ITC3% ₹14 Cr 450,000 4. Invesco India Tax Plan
CAGR/Annualized return of 13.9% 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 (06 Oct 22) ₹77.43 ↑ 0.19 (0.25 %) Net Assets (Cr) ₹1,903 on 31 Aug 22 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio -0.23 Information Ratio -0.74 Alpha Ratio -7.72 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹11,010 30 Sep 19 ₹11,409 30 Sep 20 ₹11,879 30 Sep 21 ₹18,573 30 Sep 22 ₹17,142 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 -1.8% 3 Month 8.9% 6 Month -4.5% 1 Year -6.8% 3 Year 16% 5 Year 11.4% 10 Year 15 Year Since launch 13.9% 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 1.99 Yr. Dhimant Kothari 29 Mar 18 4.43 Yr. Data below for Invesco India Tax Plan as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 33.72% Consumer Cyclical 14.59% Industrials 11.71% Technology 10.71% Basic Materials 6.45% Energy 6.44% Consumer Defensive 4.97% Health Care 4.02% Communication Services 3.36% Utility 2.02% Asset Allocation
Asset Class Value Cash 2.02% Equity 97.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC9% ₹175 Cr 716,980 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹159 Cr 1,790,424 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY7% ₹137 Cr 915,648 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹123 Cr 464,434 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹71 Cr 372,253 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322154% ₹69 Cr 917,340 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹64 Cr 879,708 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | 5403763% ₹56 Cr 123,883 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | 5000343% ₹50 Cr 68,359
↓ -6,541 KEI Industries Ltd (Industrials)
Equity, Since 30 Apr 21 | 5175693% ₹50 Cr 337,835
↓ -64,853 5. LIC MF Tax Plan
CAGR/Annualized return of 10.6% since its launch. Ranked 35 in ELSS category. Return for 2021 was 26.2% , 2020 was 8.9% and 2019 was 11.9% . LIC MF Tax Plan
Growth Launch Date 3 Feb 99 NAV (06 Oct 22) ₹101.113 ↑ 0.38 (0.37 %) Net Assets (Cr) ₹425 on 31 Aug 22 Category Equity - ELSS AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating ☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.01 Information Ratio -0.93 Alpha Ratio -3.31 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Sep 17 ₹10,000 30 Sep 18 ₹10,573 30 Sep 19 ₹11,883 30 Sep 20 ₹11,118 30 Sep 21 ₹17,163 30 Sep 22 ₹17,050 Returns for LIC MF 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 -0.3% 3 Month 11.6% 6 Month 0.7% 1 Year 0% 3 Year 14.1% 5 Year 11.2% 10 Year 15 Year Since launch 10.6% Historical performance (Yearly) on absolute basis
Year Returns 2021 26.2% 2020 8.9% 2019 11.9% 2018 -1.1% 2017 37.3% 2016 3.3% 2015 -3% 2014 49.1% 2013 8.2% 2012 26.3% Fund Manager information for LIC MF Tax Plan
Name Since Tenure Amit Nadekar 6 Jun 22 0.24 Yr. Data below for LIC MF Tax Plan as on 31 Aug 22
Equity Sector Allocation
Sector Value Financial Services 31.6% Consumer Cyclical 17.87% Technology 11.38% Basic Materials 8.46% Consumer Defensive 8.33% Industrials 6.03% Health Care 4.44% Communication Services 3.29% Real Estate 2.16% Asset Allocation
Asset Class Value Cash 5.91% Equity 94.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 18 | ICICIBANK9% ₹39 Cr 444,674 Infosys Ltd (Technology)
Equity, Since 31 Oct 14 | INFY7% ₹30 Cr 203,312 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 14 | HDFCBANK6% ₹27 Cr 181,519 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Apr 18 | 5000344% ₹17 Cr 22,606
↑ 2,995 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | 5403764% ₹16 Cr 35,520 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Mar 18 | TCS4% ₹16 Cr 49,539 Titan Co Ltd (Consumer Cyclical)
Equity, Since 30 Apr 20 | TITAN2% ₹10 Cr 39,892 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Dec 19 | BHARTIARTL2% ₹10 Cr 140,167
↓ -29,308 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M2% ₹10 Cr 75,923
↑ 8,295 Brigade Enterprises Ltd (Real Estate)
Equity, Since 31 Jan 15 | 5329292% ₹9 Cr 179,200
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