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Top 5 Best Tax Saving ELSS Mutual Funds for FY 20 - 21
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 20 - 21
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2019 (%) Motilal Oswal Long Term Equity Fund Growth ₹13.6386
↑ 0.11 ₹1,686 -27.7 -23.7 -19.3 -2.3 5.2 13.2 BOI AXA Tax Advantage Fund Growth ₹44.94
↓ -0.20 ₹280 -19.4 -14.5 -9.2 2.6 3.4 14.6 Canara Robeco Equity Tax Saver Growth ₹54.04
↓ -0.11 ₹1,036 -21.4 -17.6 -16.6 2.4 3.1 10.7 Invesco India Tax Plan Growth ₹41.04
↓ -0.21 ₹1,028 -23.7 -19.6 -18.9 0.6 3 9.4 Principal Tax Savings Fund Growth ₹152.42
↑ 0.04 ₹389 -26.8 -23.7 -26.2 -4.1 2.2 2.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 27 Mar 20
(Erstwhile Motilal Oswal MOSt Focused Long Term Fund) The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Motilal Oswal Long Term Equity Fund is a Equity - ELSS fund was launched on 21 Jan 15. It is a fund with Moderately High risk and has given a Below is the key information for Motilal Oswal Long Term Equity 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 (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 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. Motilal Oswal Long Term Equity Fund
CAGR/Annualized return of 6.2% since its launch. Return for 2019 was 13.2% , 2018 was -8.7% and 2017 was 44% . Motilal Oswal Long Term Equity Fund
Growth Launch Date 21 Jan 15 NAV (27 Mar 20) ₹13.6386 ↑ 0.11 (0.78 %) Net Assets (Cr) ₹1,686 on 29 Feb 20 Category Equity - ELSS AMC Motilal Oswal Asset Management Co. Ltd Rating Risk Moderately High Expense Ratio 2.2 Sharpe Ratio 0.94 Information Ratio 0.31 Alpha Ratio 11.08 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 15 ₹10,000 29 Feb 16 ₹9,311 28 Feb 17 ₹13,375 28 Feb 18 ₹17,009 28 Feb 19 ₹15,144 29 Feb 20 ₹17,607 Returns for Motilal Oswal Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 1 Month -28.3% 3 Month -27.7% 6 Month -23.7% 1 Year -19.3% 3 Year -2.3% 5 Year 5.2% 10 Year 15 Year Since launch 6.2% Historical performance (Yearly) on absolute basis
Year Returns 2019 13.2% 2018 -8.7% 2017 44% 2016 12.5% 2015 2014 2013 2012 2011 2010 Fund Manager information for Motilal Oswal Long Term Equity Fund
Name Since Tenure Aditya Khemani 6 Sep 19 0.32 Yr. Abhiroop Mukherjee 21 Jan 15 4.95 Yr. Data below for Motilal Oswal Long Term Equity Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 46.65% Consumer Cyclical 17.67% Health Care 9.42% Consumer Defensive 8.41% Industrials 7.15% Basic Materials 5.37% Technology 2.86% Real Estate 2.05% Asset Allocation
Asset Class Value Cash 0.67% Equity 99.33% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK10% ₹168 Cr 3,195,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 15 | HDFCBANK8% ₹145 Cr 1,180,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322157% ₹125 Cr 1,707,653 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 18 | LT5% ₹87 Cr 634,225
↑ 125,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Apr 15 | MARUTI4% ₹76 Cr 110,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Apr 19 | 5406114% ₹75 Cr 700,000 Jubilant Foodworks Ltd (Consumer Cyclical)
Equity, Since 30 Sep 19 | JUBLFOOD4% ₹74 Cr 389,669
↑ 40,000 United Breweries Ltd (Consumer Defensive)
Equity, Since 30 Sep 19 | 5324784% ₹72 Cr 567,725 Torrent Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Oct 19 | TORNTPHARM4% ₹69 Cr 358,081
↑ 102,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Aug 19 | 5006964% ₹62 Cr 305,000 2. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 14.5% since its launch. Ranked 13 in ELSS category. Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (27 Mar 20) ₹44.94 ↓ -0.20 (-0.44 %) Net Assets (Cr) ₹280 on 29 Feb 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 3.02 Sharpe Ratio 1.32 Information Ratio 0.52 Alpha Ratio 16.52 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 15 ₹10,000 29 Feb 16 ₹8,239 28 Feb 17 ₹10,494 28 Feb 18 ₹14,313 28 Feb 19 ₹11,995 29 Feb 20 ₹14,686 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 1 Month -23.8% 3 Month -19.4% 6 Month -14.5% 1 Year -9.2% 3 Year 2.6% 5 Year 3.4% 10 Year 15 Year Since launch 14.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 5.9% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 0.46 Yr. Data below for BOI AXA Tax Advantage Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 33.43% Basic Materials 12.54% Consumer Cyclical 9.03% Consumer Defensive 8.8% Health Care 8.79% Industrials 7.03% Technology 4.52% Communication Services 4.18% Energy 4.11% Utility 1.15% Real Estate 1.02% Asset Allocation
Asset Class Value Cash 5.38% Equity 94.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000347% ₹19 Cr 43,629
↑ 1,426 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹15 Cr 131,575
↓ -4,748 Repo
CBLO/Reverse Repo | -5% ₹14 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹12 Cr 243,281
↓ -18,810 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹12 Cr 86,583 Abbott India Ltd (Healthcare)
Equity, Since 31 Aug 18 | 5004883% ₹10 Cr 6,158
↑ 427 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹10 Cr 59,607
↓ -3,700 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹9 Cr 60,346
↑ 6,191 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹7 Cr 34,011 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | 5403762% ₹7 Cr 28,674 3. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 16.3% since its launch. Ranked 36 in ELSS category. Return for 2019 was 10.7% , 2018 was 2.7% and 2017 was 32% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (27 Mar 20) ₹54.04 ↓ -0.11 (-0.20 %) Net Assets (Cr) ₹1,036 on 29 Feb 20 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio 0.89 Information Ratio 0.66 Alpha Ratio 10.65 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 15 ₹10,000 29 Feb 16 ₹7,993 28 Feb 17 ₹10,225 28 Feb 18 ₹12,324 28 Feb 19 ₹12,607 29 Feb 20 ₹14,526 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 1 Month -24.8% 3 Month -21.4% 6 Month -17.6% 1 Year -16.6% 3 Year 2.4% 5 Year 3.1% 10 Year 15 Year Since launch 16.3% Historical performance (Yearly) on absolute basis
Year Returns 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% 2011 -16.3% 2010 24.9% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Shridatta Bhandwaldar 1 Oct 19 0.16 Yr. Cheenu Gupta 12 Mar 18 1.72 Yr. Data below for Canara Robeco Equity Tax Saver as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 32.61% Health Care 13.11% Consumer Defensive 10.94% Industrials 9.97% Technology 7.76% Basic Materials 6.98% Energy 6.59% Consumer Cyclical 4.68% Communication Services 3.39% Asset Allocation
Asset Class Value Cash 3.91% Equity 96.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK7% ₹69 Cr 1,386,000
↑ 50,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE7% ₹68 Cr 514,000
↑ 37,500 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000346% ₹61 Cr 136,650
↑ 7,500 Treps
CBLO/Reverse Repo | -6% ₹58 Cr Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY6% ₹58 Cr 789,500 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK5% ₹48 Cr 408,184
↓ -275,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006964% ₹47 Cr 213,830 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322154% ₹44 Cr 628,500
↑ 177,500 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB4% ₹44 Cr 206,500 Bharti Airtel Ltd (Communication Services)
Equity, Since 29 Feb 20 | BHARTIARTL3% ₹35 Cr 672,000
↑ 672,000 4. Invesco India Tax Plan
CAGR/Annualized return of 11.3% since its launch. Ranked 17 in ELSS category. Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (27 Mar 20) ₹41.04 ↓ -0.21 (-0.51 %) Net Assets (Cr) ₹1,028 on 29 Feb 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 0.75 Information Ratio 0.61 Alpha Ratio 7.6 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 15 ₹10,000 29 Feb 16 ₹8,344 28 Feb 17 ₹10,902 28 Feb 18 ₹13,372 28 Feb 19 ₹13,118 29 Feb 20 ₹14,768 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 1 Month -25.6% 3 Month -23.7% 6 Month -19.6% 1 Year -18.9% 3 Year 0.6% 5 Year 3% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2010 22.1% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Ganatra 29 Mar 18 1.76 Yr. Dhimant Kothari 29 Mar 18 1.76 Yr. Data below for Invesco India Tax Plan as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 38.03% Consumer Cyclical 9.98% Technology 9.43% Energy 9.06% Industrials 6.76% Health Care 6.14% Consumer Defensive 6.1% Basic Materials 5.47% Utility 2.74% Communication Services 1.93% Asset Allocation
Asset Class Value Cash 3.31% Equity 96.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹92 Cr 784,840
↑ 73,161 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE8% ₹86 Cr 648,343
↑ 59,987 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹79 Cr 1,596,951
↑ 45,035 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC7% ₹69 Cr 314,892
↑ 25,771 Triparty Repo
CBLO/Reverse Repo | -6% ₹58 Cr Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY5% ₹52 Cr 704,542
↑ 26,418 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹40 Cr 243,874 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5000343% ₹34 Cr 76,739
↑ 12,674 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322153% ₹33 Cr 470,681 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006963% ₹33 Cr 149,509 5. Principal Tax Savings Fund
CAGR/Annualized return of 14% since its launch. Ranked 8 in ELSS category. Return for 2019 was 2.5% , 2018 was -9.2% and 2017 was 48.8% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (27 Mar 20) ₹152.42 ↑ 0.04 (0.03 %) Net Assets (Cr) ₹389 on 29 Feb 20 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.02 Information Ratio -0.42 Alpha Ratio -2.16 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 15 ₹10,000 29 Feb 16 ₹8,116 28 Feb 17 ₹11,603 28 Feb 18 ₹14,896 28 Feb 19 ₹13,427 29 Feb 20 ₹13,701 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 27 Mar 20 Duration Returns 1 Month -25.3% 3 Month -26.8% 6 Month -23.7% 1 Year -26.2% 3 Year -4.1% 5 Year 2.2% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 2019 2.5% 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% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 0.17 Yr. Data below for Principal Tax Savings Fund as on 29 Feb 20
Equity Sector Allocation
Sector Value Financial Services 34.49% Consumer Defensive 11.95% Industrials 9.05% Technology 8.07% Consumer Cyclical 7.82% Energy 7.32% Basic Materials 6.57% Health Care 5.54% Utility 4.52% Communication Services 1.87% Asset Allocation
Asset Class Value Cash 2.72% Equity 97.28% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK8% ₹30 Cr 255,638 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹27 Cr 536,104
↑ 9,956 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE6% ₹22 Cr 168,133
↑ 7,827 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT4% ₹17 Cr 144,140
↑ 15,670 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹15 Cr 203,883
↓ -27,015 Treps 02-Mar-2020
CBLO/Reverse Repo | -4% ₹14 Cr Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK4% ₹14 Cr 84,915 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹13 Cr 445,461 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC3% ₹13 Cr 61,980 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹12 Cr 60,516
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