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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 (%) IDBI Equity Advantage Fund Growth ₹24.31
↑ 0.07 ₹595 -6 -11.1 -6.9 9.6 17.3 -1.7 Invesco India Tax Plan Growth ₹46.74
↓ -0.07 ₹696 -3 -12.1 -2.3 14.3 17.2 -1.3 Kotak Tax Saver Scheme Growth ₹39.796
↓ -0.07 ₹781 -1.9 -7.6 -2.1 14.2 16.8 -3.8 Principal Tax Savings Fund Growth ₹188.83
↑ 0.04 ₹376 -6.3 -11.9 -11.3 16.3 16.1 -9.2 IDFC Tax Advantage (ELSS) Fund Growth ₹49.9
↑ 0.09 ₹1,710 -7 -13.4 -13.1 14.3 15.4 -9.4 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Feb 19
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 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 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 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 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 1. 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 (19 Feb 19) ₹24.31 ↑ 0.07 (0.29 %) Net Assets (Cr) ₹595 on 31 Jan 19 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.86 Sharpe Ratio -0.49 Information Ratio -0.57 Alpha Ratio -3.32 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹19,173 31 Jan 16 ₹17,381 31 Jan 17 ₹19,311 31 Jan 18 ₹24,623 31 Jan 19 ₹23,051 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -5% 3 Month -6% 6 Month -11.1% 1 Year -6.9% 3 Year 9.6% 5 Year 17.3% 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 0.33 Yr. Ayushi Sethia 9 Oct 18 0.06 Yr. Data below for IDBI Equity Advantage Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Consumer Cyclical 31.38% Consumer Defensive 20.68% Financial Services 20.28% Basic Materials 11.77% Industrials 11.73% Health Care 1.09% Asset Allocation
Asset Class Value Cash 2.83% Equity 96.93% Debt 0.01% Other 0.23% Top Securities Holdings / Portfolio
Name Holding Value Quantity Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328276% ₹37 Cr 15,969 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN6% ₹36 Cr 308,490 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323436% ₹34 Cr 686,342
↓ -117,232 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND5% ₹32 Cr 287,946
↓ -35,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK5% ₹31 Cr 246,474 MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5002905% ₹30 Cr 4,950 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099665% ₹28 Cr 88,342 Nestle India Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | NESTLEIND5% ₹28 Cr 23,954 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹27 Cr 194,293 United Breweries Ltd (Consumer Defensive)
Equity, Since 30 Apr 15 | 5324785% ₹27 Cr 187,479 2. Invesco India Tax Plan
CAGR/Annualized return of 13.5% 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 (19 Feb 19) ₹46.74 ↓ -0.07 (-0.15 %) Net Assets (Cr) ₹696 on 31 Jan 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.71 Sharpe Ratio -0.47 Information Ratio -0.59 Alpha Ratio -1.87 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹16,885 31 Jan 16 ₹16,125 31 Jan 17 ₹18,351 31 Jan 18 ₹24,389 31 Jan 19 ₹23,125 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -4% 3 Month -3% 6 Month -12.1% 1 Year -2.3% 3 Year 14.3% 5 Year 17.2% 10 Year 15 Year Since launch 13.5% 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 0.59 Yr. Dhimant Kothari 29 Mar 18 0.59 Yr. Data below for Invesco India Tax Plan as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 32.95% Consumer Cyclical 15.03% Technology 11.42% Industrials 11.41% Energy 8.87% Consumer Defensive 5.83% Health Care 4.47% Basic Materials 3.39% Utility 3.17% Asset Allocation
Asset Class Value Cash 3.46% Equity 96.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹60 Cr 290,808
↓ -5,113 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE7% ₹49 Cr 397,866
↓ -19,587 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹45 Cr 236,674 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹43 Cr 1,167,075 Infosys Ltd (Technology)
Equity, Since 30 Jun 15 | INFY6% ₹41 Cr 541,233 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | INDUSINDBK4% ₹29 Cr 192,275
↑ 10,835 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT4% ₹28 Cr 214,136 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322154% ₹25 Cr 342,578
↑ 24,867 Triparty Repo
CBLO/Reverse Repo | -3% ₹23 Cr United Breweries Ltd (Consumer Defensive)
Equity, Since 31 May 16 | 5324783% ₹22 Cr 151,713 3. Kotak Tax Saver Scheme
CAGR/Annualized return of 11% 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 (19 Feb 19) ₹39.796 ↓ -0.07 (-0.17 %) Net Assets (Cr) ₹781 on 31 Jan 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.73 Sharpe Ratio -0.45 Information Ratio -0.1 Alpha Ratio 0.86 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹17,630 31 Jan 16 ₹15,488 31 Jan 17 ₹18,986 31 Jan 18 ₹23,664 31 Jan 19 ₹22,657 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -3.7% 3 Month -1.9% 6 Month -7.6% 1 Year -2.1% 3 Year 14.2% 5 Year 16.8% 10 Year 15 Year Since launch 11% 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 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 27.29% Industrials 17.08% Basic Materials 12.72% Technology 11.85% Energy 8.01% Consumer Defensive 6.85% Consumer Cyclical 5.6% Health Care 4.69% Utility 4.32% Asset Allocation
Asset Class Value Cash 1.39% Equity 98.42% Debt 0% Other 0.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹57 Cr 464,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹50 Cr 240,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹48 Cr 1,325,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹43 Cr 600,000
↑ 185,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹34 Cr 170,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹34 Cr 450,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹33 Cr 45,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹32 Cr 245,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹23 Cr 395,000 Bharat Financial Inclusion Ltd (Financial Services)
Equity, Since 30 Jun 18 | BHARATFIN3% ₹21 Cr 219,090 4. Principal Tax Savings Fund
CAGR/Annualized return of 15.8% since its launch. Ranked 8 in ELSS category. Return for 2018 was -9.2% , 2017 was 48.8% and 2016 was 6.2% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (19 Feb 19) ₹188.83 ↑ 0.04 (0.02 %) Net Assets (Cr) ₹376 on 31 Jan 19 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.88 Sharpe Ratio -0.84 Information Ratio 0.21 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 Jan 14 ₹10,000 31 Jan 15 ₹16,281 31 Jan 16 ₹14,681 31 Jan 17 ₹18,092 31 Jan 18 ₹25,310 31 Jan 19 ₹22,269 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -6% 3 Month -6.3% 6 Month -11.9% 1 Year -11.3% 3 Year 16.3% 5 Year 16.1% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% 2012 46.5% 2011 -30.4% 2010 15% 2009 64.7% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure P.V.K. Mohan 1 Sep 10 8.42 Yr. Data below for Principal Tax Savings Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 27.26% Consumer Defensive 13.06% Basic Materials 11.41% Technology 11.05% Consumer Cyclical 8.78% Industrials 8.64% Utility 5.46% Health Care 5.17% Energy 4.39% Communication Services 1.32% Asset Allocation
Asset Class Value Cash 3.46% Equity 96.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹19 Cr 91,334 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹19 Cr 509,143 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE4% ₹16 Cr 134,452 Treps 01-Feb-2019
CBLO/Reverse Repo | -4% ₹15 Cr Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS4% ₹14 Cr 68,640 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹13 Cr 455,396 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY3% ₹12 Cr 161,594 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK3% ₹11 Cr 89,915
↑ 18,500 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹11 Cr 369,851 Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 17 | 5004003% ₹10 Cr 1,442,240 5. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.2% 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 (19 Feb 19) ₹49.9 ↑ 0.09 (0.18 %) Net Assets (Cr) ₹1,710 on 31 Jan 19 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -1.13 Information Ratio -0.29 Alpha Ratio -12.02 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jan 14 ₹10,000 31 Jan 15 ₹16,194 31 Jan 16 ₹15,090 31 Jan 17 ₹17,321 31 Jan 18 ₹25,108 31 Jan 19 ₹21,629 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Feb 19 Duration Returns 1 Month -5.6% 3 Month -7% 6 Month -13.4% 1 Year -13.1% 3 Year 14.3% 5 Year 15.4% 10 Year 15 Year Since launch 17.2% 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 2.03 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jan 19
Equity Sector Allocation
Sector Value Financial Services 27.43% Consumer Cyclical 14.03% Technology 10.28% Basic Materials 9.58% Industrials 7.99% Consumer Defensive 6.41% Health Care 6.07% Energy 5.85% Utility 4.75% Asset Allocation
Asset Class Value Cash 6.48% Equity 92.99% Other 0.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity Triparty Repo
CBLO/Reverse Repo | -7% ₹119 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹106 Cr 2,900,000
↑ 250,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹73 Cr 975,000
↑ 150,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹73 Cr 350,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹68 Cr 2,300,000
↑ 400,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹67 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322154% ₹61 Cr 850,000
↑ 300,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹45 Cr 800,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹44 Cr 1,020,000
↑ 10,000 Nestle India Ltd (Consumer Defensive)
Equity, Since 28 Feb 18 | NESTLEIND2% ₹34 Cr 30,000
↓ -300
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