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Top 5 Best Tax Saving ELSS Mutual Funds for FY 21 - 22
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 21 - 22
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) BOI AXA Tax Advantage Fund Growth ₹75.01
↓ -0.87 ₹351 21.8 41.6 32.9 7.7 16.8 31.2 Canara Robeco Equity Tax Saver Growth ₹90.59
↓ -1.32 ₹1,333 22.4 39.8 30.2 14.2 16.3 27.4 HDFC Long Term Advantage Fund Growth ₹435.994
↓ -3.23 ₹1,237 27.3 38 14.5 6.7 15.1 11.5 Kotak Tax Saver Fund Growth ₹55.719
↓ -0.65 ₹1,445 21.7 33.4 15.6 8.6 14.7 14.9 Invesco India Tax Plan Growth ₹65.64
↓ -0.72 ₹1,280 21.9 34.2 20.4 9.1 14.7 19.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Jan 21
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 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 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 Fund 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 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 1. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 18.5% since its launch. Ranked 13 in ELSS category. Return for 2020 was 31.2% , 2019 was 14.6% and 2018 was -16.3% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (15 Jan 21) ₹75.01 ↓ -0.87 (-1.15 %) Net Assets (Cr) ₹351 on 30 Nov 20 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.67 Sharpe Ratio 0.76 Information Ratio 0.04 Alpha Ratio 13.11 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹9,876 31 Dec 17 ₹15,571 31 Dec 18 ₹13,026 31 Dec 19 ₹14,929 31 Dec 20 ₹19,586 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 6.6% 3 Month 21.8% 6 Month 41.6% 1 Year 32.9% 3 Year 7.7% 5 Year 16.8% 10 Year 15 Year Since launch 18.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -24.1% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Aakash Manghani 15 Jul 19 1.47 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 26.76% Basic Materials 17.76% Technology 14.68% Health Care 13.92% Consumer Cyclical 9.4% Energy 4.97% Industrials 4.29% Consumer Defensive 3.2% Communication Services 2.42% Asset Allocation
Asset Class Value Cash 2.07% Equity 97.93% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK7% ₹25 Cr 172,460 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE5% ₹19 Cr 93,975
↑ 879 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹16 Cr 124,274
↑ 7,367 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND4% ₹15 Cr 66,804
↓ -1,518 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹14 Cr 260,895
↓ -14,164 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB4% ₹13 Cr 34,619 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹12 Cr 62,062
↓ -9,806 SRF Ltd (Basic Materials)
Equity, Since 30 Sep 19 | SRF3% ₹10 Cr 18,641
↓ -333 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 19 | HDFC3% ₹10 Cr 39,634 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 5325043% ₹10 Cr 37,433 2. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 20.3% since its launch. Ranked 36 in ELSS category. Return for 2020 was 27.4% , 2019 was 10.7% and 2018 was 2.7% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (15 Jan 21) ₹90.59 ↓ -1.32 (-1.44 %) Net Assets (Cr) ₹1,333 on 30 Nov 20 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.32 Sharpe Ratio 0.6 Information Ratio 0.49 Alpha Ratio 9.5 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹9,996 31 Dec 17 ₹13,191 31 Dec 18 ₹13,544 31 Dec 19 ₹14,999 31 Dec 20 ₹19,102 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 8.2% 3 Month 22.4% 6 Month 39.8% 1 Year 30.2% 3 Year 14.2% 5 Year 16.3% 10 Year 15 Year Since launch 20.3% Historical performance (Yearly) on absolute basis
Year Returns 2020 27.4% 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% 2014 45.2% 2013 5.3% 2012 30% 2011 -16.3% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Shridatta Bhandwaldar 1 Oct 19 1.25 Yr. Cheenu Gupta 12 Mar 18 2.81 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 32.65% Technology 21.24% Basic Materials 10.6% Consumer Cyclical 10.18% Industrials 9.54% Health Care 5.24% Energy 2.95% Communication Services 2.79% Consumer Defensive 1.99% Asset Allocation
Asset Class Value Cash 2.82% Equity 97.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY9% ₹135 Cr 1,074,500 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK9% ₹127 Cr 2,381,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹99 Cr 692,184 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000344% ₹60 Cr 112,450
↓ -6,700 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT3% ₹48 Cr 375,000
↑ 375,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE3% ₹44 Cr 219,500
↓ -25,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹43 Cr 1,550,000
↑ 200,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFC3% ₹42 Cr 165,000
↑ 65,000 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 20 | 5008203% ₹37 Cr 135,200
↓ -74,800 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS3% ₹37 Cr 130,000
↓ -50,000 3. HDFC Long Term Advantage Fund
CAGR/Annualized return of 20.7% since its launch. Ranked 23 in ELSS category. Return for 2020 was 11.5% , 2019 was 10.1% and 2018 was -3.9% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (15 Jan 21) ₹435.994 ↓ -3.23 (-0.73 %) Net Assets (Cr) ₹1,237 on 30 Nov 20 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.18 Information Ratio -1.44 Alpha Ratio -4.46 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹11,302 31 Dec 17 ₹15,393 31 Dec 18 ₹14,792 31 Dec 19 ₹16,287 31 Dec 20 ₹18,160
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 15 Jan 21 Duration Returns 1 Month 7.2% 3 Month 27.3% 6 Month 38% 1 Year 14.5% 3 Year 6.7% 5 Year 15.1% 10 Year 15 Year Since launch 20.7% Historical performance (Yearly) on absolute basis
Year Returns 2020 11.5% 2019 10.1% 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 13.76 Yr. Anand Laddha 21 Oct 20 0.2 Yr. Data below for HDFC Long Term Advantage Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 35.64% Industrials 20.94% Technology 12.34% Energy 11.2% Basic Materials 5.8% Consumer Defensive 4.73% Health Care 3.6% Utility 2.24% Communication Services 2.07% Consumer Cyclical 1.36% Asset Allocation
Asset Class Value Cash 0.09% Equity 99.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹128 Cr 2,400,000
↓ -73,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY10% ₹126 Cr 1,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK9% ₹122 Cr 850,000
↓ -50,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE8% ₹103 Cr 520,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC8% ₹102 Cr 400,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹78 Cr 607,500 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹71 Cr 2,600,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC5% ₹59 Cr 2,822,910 Carborundum Universal Ltd (Industrials)
Equity, Since 30 Jun 03 | 5133754% ₹50 Cr 1,229,000 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 31 Mar 18 | AUROPHARMA4% ₹46 Cr 500,000 4. Kotak Tax Saver Fund
CAGR/Annualized return of 12% since its launch. Ranked 19 in ELSS category. Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% . Kotak Tax Saver Fund
Growth Launch Date 23 Nov 05 NAV (15 Jan 21) ₹55.719 ↓ -0.65 (-1.16 %) Net Assets (Cr) ₹1,445 on 30 Nov 20 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.31 Information Ratio -0.04 Alpha Ratio -0.36 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,746 31 Dec 17 ₹14,374 31 Dec 18 ₹13,827 31 Dec 19 ₹15,579 31 Dec 20 ₹17,907 Returns for Kotak Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 6.2% 3 Month 21.7% 6 Month 33.4% 1 Year 15.6% 3 Year 8.6% 5 Year 14.7% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2020 14.9% 2019 12.7% 2018 -3.8% 2017 33.8% 2016 7.5% 2015 1.5% 2014 56.6% 2013 -6.3% 2012 36.2% 2011 -26% Fund Manager information for Kotak Tax Saver Fund
Name Since Tenure Harsha Upadhyaya 25 Aug 15 5.36 Yr. Data below for Kotak Tax Saver Fund as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 18.87% Basic Materials 17.41% Industrials 14.24% Technology 14.18% Consumer Defensive 8.46% Consumer Cyclical 8% Health Care 7.91% Energy 5.85% Utility 3.04% Asset Allocation
Asset Class Value Cash 2.03% Equity 97.95% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY7% ₹104 Cr 825,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹91 Cr 1,700,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE6% ₹89 Cr 450,000
↓ -56,666 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS5% ₹78 Cr 271,357
↓ -28,643 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | 5006964% ₹65 Cr 270,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF4% ₹59 Cr 105,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK4% ₹55 Cr 380,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322153% ₹45 Cr 725,000
↓ -25,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | 5001243% ₹42 Cr 80,000 Cipla Ltd (Healthcare)
Equity, Since 30 Nov 20 | 5000873% ₹41 Cr 500,000
↑ 300,000 5. Invesco India Tax Plan
CAGR/Annualized return of 14.3% since its launch. Ranked 17 in ELSS category. Return for 2020 was 19.2% , 2019 was 9.4% and 2018 was -1.3% . Invesco India Tax Plan
Growth Launch Date 29 Dec 06 NAV (15 Jan 21) ₹65.64 ↓ -0.72 (-1.08 %) Net Assets (Cr) ₹1,280 on 30 Nov 20 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.37 Information Ratio -0.15 Alpha Ratio 1.72 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 15 ₹10,000 31 Dec 16 ₹10,342 31 Dec 17 ₹14,039 31 Dec 18 ₹13,864 31 Dec 19 ₹15,171 31 Dec 20 ₹18,078 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Jan 21 Duration Returns 1 Month 7.3% 3 Month 21.9% 6 Month 34.2% 1 Year 20.4% 3 Year 9.1% 5 Year 14.7% 10 Year 15 Year Since launch 14.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -18.9% Fund Manager information for Invesco India Tax Plan
Name Since Tenure Amit Nigam 3 Sep 20 0.33 Yr. Dhimant Kothari 29 Mar 18 2.76 Yr. Data below for Invesco India Tax Plan as on 30 Nov 20
Equity Sector Allocation
Sector Value Financial Services 30.62% Technology 18.04% Consumer Cyclical 10.71% Consumer Defensive 7.62% Industrials 6.87% Basic Materials 6.57% Energy 5.7% Health Care 5.55% Utility 3.18% Communication Services 2.9% Real Estate 0.9% Asset Allocation
Asset Class Value Cash 1.35% Equity 98.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK10% ₹136 Cr 948,078 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY10% ₹135 Cr 1,076,677
↑ 105,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK8% ₹109 Cr 2,031,464
↑ 66,661 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE6% ₹79 Cr 397,743
↓ -21,877 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK5% ₹63 Cr 316,379 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006964% ₹61 Cr 254,612 L&T Technology Services Ltd (Technology)
Equity, Since 31 Aug 20 | LTTS3% ₹42 Cr 179,214
↑ 32,921 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL3% ₹40 Cr 787,339
↓ -274,498 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹40 Cr 638,509
↑ 638,509 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 5329773% ₹38 Cr 111,023
↑ 29,347
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