Table of Contents
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.
Talk to our investment specialist
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 (%) Tata India Tax Savings Fund Growth ₹18.7997
↑ 0.09 ₹1,919 8.2 8.2 14.7 12.2 12.1 -8.4 Invesco India Tax Plan Growth ₹52.82
↑ 0.16 ₹912 9.2 9.1 11.1 12.4 10.1 -1.3 Kotak Tax Saver Scheme Growth ₹45.613
↓ -0.07 ₹947 7.6 7 13.4 10.7 9.6 -3.8 HDFC Long Term Advantage Fund Growth ₹362.241
↑ 0.53 ₹1,374 6.2 3.5 9.2 11.2 8.9 -3.9 IDBI Equity Advantage Fund Growth ₹27.94
↑ 0.17 ₹589 11.7 13.6 8.4 10.3 8.9 -1.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Nov 19
To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata 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 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 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 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 1. Tata India Tax Savings Fund
CAGR/Annualized return of 13.2% since its launch. Ranked 1 in ELSS category. Return for 2018 was -8.4% , 2017 was 46% and 2016 was 2.1% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (14 Nov 19) ₹18.7997 ↑ 0.09 (0.50 %) Net Assets (Cr) ₹1,919 on 30 Sep 19 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.08 Sharpe Ratio 0.65 Information Ratio -0.42 Alpha Ratio 3.84 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,574 31 Oct 16 ₹13,481 31 Oct 17 ₹16,728 31 Oct 18 ₹15,426 31 Oct 19 ₹18,184 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19 Duration Returns 1 Month 5% 3 Month 8.2% 6 Month 8.2% 1 Year 14.7% 3 Year 12.2% 5 Year 12.1% 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 2011 2010 2009 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 4.59 Yr. Ennette Fernandes 18 Jun 18 1.37 Yr. Data below for Tata India Tax Savings Fund as on 30 Sep 19
Equity Sector Allocation
Sector Value Financial Services 42.62% Industrials 10.11% Technology 9.79% Energy 9.28% Consumer Cyclical 9.14% Health Care 5.95% Basic Materials 3.58% Consumer Defensive 3.2% Communication Services 2.03% Real Estate 0.84% Asset Allocation
Asset Class Value Cash 0.86% Equity 96.54% Other 2.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK10% ₹184 Cr 4,241,000
↑ 226,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹157 Cr 1,282,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY7% ₹135 Cr 1,680,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹103 Cr 1,500,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹102 Cr 3,750,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE5% ₹97 Cr 730,000
↑ 230,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹81 Cr 495,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹67 Cr 340,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 16 | 5000343% ₹61 Cr 150,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹52 Cr 250,000 2. Invesco India Tax Plan
CAGR/Annualized return of 13.8% 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 (14 Nov 19) ₹52.82 ↑ 0.16 (0.30 %) Net Assets (Cr) ₹912 on 30 Sep 19 Category Equity - ELSS AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 0.07 Information Ratio -0.28 Alpha Ratio -1.2 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,084 31 Oct 16 ₹12,350 31 Oct 17 ₹14,794 31 Oct 18 ₹14,725 31 Oct 19 ₹16,642 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19 Duration Returns 1 Month 5.2% 3 Month 9.2% 6 Month 9.1% 1 Year 11.1% 3 Year 12.4% 5 Year 10.1% 10 Year 15 Year Since launch 13.8% 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 0.85 Yr. Dhimant Kothari 29 Mar 18 0.85 Yr. Data below for Invesco India Tax Plan as on 30 Sep 19
Equity Sector Allocation
Sector Value Financial Services 33.41% Consumer Defensive 11.08% Industrials 9.99% Technology 9.15% Energy 8.99% Consumer Cyclical 7.63% Health Care 5.8% Basic Materials 5.24% Utility 2.24% Communication Services 1.59% Asset Allocation
Asset Class Value Cash 4.48% Equity 95.52% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹83 Cr 678,130
↑ 7,968 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE8% ₹70 Cr 522,200
↑ 22,730 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹62 Cr 1,421,664
↑ 21,105 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 18 | HDFC6% ₹57 Cr 289,121
↑ 11,383 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 19 | TCS5% ₹47 Cr 224,486
↑ 13,920 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 17 | LT5% ₹43 Cr 292,256
↑ 23,588 Triparty Repo
CBLO/Reverse Repo | -5% ₹43 Cr ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 19 | ITC5% ₹42 Cr 1,615,672
↑ 209,716 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK3% ₹30 Cr 183,772
↓ -15,085 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Apr 19 | ULTRACEMCO3% ₹24 Cr 56,041
↑ 10,105 3. Kotak Tax Saver Scheme
CAGR/Annualized return of 11.5% 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 (14 Nov 19) ₹45.613 ↓ -0.07 (-0.16 %) Net Assets (Cr) ₹947 on 30 Sep 19 Category Equity - ELSS AMC Kotak Mahindra Asset Management Co Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.4 Sharpe Ratio 0.42 Information Ratio -0.2 Alpha Ratio 4.68 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹10,915 31 Oct 16 ₹12,634 31 Oct 17 ₹15,063 31 Oct 18 ₹14,117 31 Oct 19 ₹16,319 Returns for Kotak Tax Saver Scheme
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19 Duration Returns 1 Month 5.3% 3 Month 7.6% 6 Month 7% 1 Year 13.4% 3 Year 10.7% 5 Year 9.6% 10 Year 15 Year Since launch 11.5% 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 30 Sep 19
Equity Sector Allocation
Sector Value Financial Services 27.73% Industrials 20.11% Basic Materials 17.05% Technology 8.8% Energy 8.25% Consumer Defensive 6.34% Consumer Cyclical 4.83% Utility 3.1% Health Care 2.19% Asset Allocation
Asset Class Value Cash 1.57% Equity 98.39% Other 0.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 06 | RELIANCE7% ₹62 Cr 464,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK6% ₹61 Cr 1,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK6% ₹59 Cr 480,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 5322156% ₹53 Cr 775,000 GlaxoSmithKline Consumer Healthcare Ltd (Consumer Defensive)
Equity, Since 30 Nov 17 | 5006764% ₹38 Cr 45,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 14 | LT4% ₹37 Cr 250,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY4% ₹36 Cr 450,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS4% ₹36 Cr 170,000 SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF3% ₹29 Cr 105,000 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5406113% ₹26 Cr 400,000
↑ 5,000 4. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21% since its launch. Ranked 23 in ELSS category. Return for 2018 was -3.9% , 2017 was 36.2% and 2016 was 13% . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Nov 19) ₹362.241 ↑ 0.53 (0.15 %) Net Assets (Cr) ₹1,374 on 30 Sep 19 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.17 Sharpe Ratio 0.25 Information Ratio -0.6 Alpha Ratio -1.86 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹9,840 31 Oct 16 ₹11,775 31 Oct 17 ₹14,364 31 Oct 18 ₹13,899 31 Oct 19 ₹15,586
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 Nov 19 Duration Returns 1 Month 3.7% 3 Month 6.2% 6 Month 3.5% 1 Year 9.2% 3 Year 11.2% 5 Year 8.9% 10 Year 15 Year Since launch 21% Historical performance (Yearly) on absolute basis
Year Returns 2018 -3.9% 2017 36.2% 2016 13% 2015 -2.4% 2014 44.7% 2013 11% 2012 28.8% 2011 -23.5% 2010 28.4% 2009 88.9% Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Chirag Setalvad 2 Apr 07 12.51 Yr. Data below for HDFC Long Term Advantage Fund as on 30 Sep 19
Equity Sector Allocation
Sector Value Financial Services 33.23% Industrials 16.73% Energy 13.26% Technology 11.92% Basic Materials 8.34% Consumer Defensive 5.45% Utility 2.2% Health Care 2.16% Consumer Cyclical 1.79% Communication Services 1.39% Asset Allocation
Asset Class Value Cash 3.52% Equity 96.48% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 05 | RELIANCE10% ₹136 Cr 932,000
↓ -68,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 13 | HDFCBANK10% ₹133 Cr 1,078,000
↓ -22,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK9% ₹132 Cr 2,850,000
↓ -270,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 06 | INFY7% ₹100 Cr 1,453,908 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 07 | LT6% ₹89 Cr 607,500 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFC6% ₹85 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Jan 03 | SBIN6% ₹81 Cr 2,600,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Oct 05 | ITC5% ₹73 Cr 2,822,910 Treps - Tri-Party Repo
CBLO/Reverse Repo | -5% ₹65 Cr Bharat Petroleum Corp Ltd (Energy)
Equity, Since 30 Sep 12 | 5005474% ₹53 Cr 1,000,000 5. 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 (14 Nov 19) ₹27.94 ↑ 0.17 (0.61 %) Net Assets (Cr) ₹589 on 30 Sep 19 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.86 Sharpe Ratio 0.19 Information Ratio -0.39 Alpha Ratio 0.88 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹11,862 31 Oct 16 ₹12,847 31 Oct 17 ₹14,795 31 Oct 18 ₹14,565 31 Oct 19 ₹16,357 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Nov 19 Duration Returns 1 Month 3.9% 3 Month 11.7% 6 Month 13.6% 1 Year 8.4% 3 Year 10.3% 5 Year 8.9% 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 0.59 Yr. Ayushi Sethia 9 Oct 18 0.31 Yr. Data below for IDBI Equity Advantage Fund as on 30 Sep 19
Equity Sector Allocation
Sector Value Consumer Cyclical 28.55% Consumer Defensive 19.28% Financial Services 19.09% Basic Materials 10.85% Industrials 8.72% Health Care 3.89% Energy 1.27% Asset Allocation
Asset Class Value Cash 8.24% Equity 91.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity Treps
CBLO/Reverse Repo | -9% ₹50 Cr 5,020,093
↑ 2,124,556 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Sep 13 | PIDILITIND6% ₹35 Cr 242,235 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 30 Nov 13 | CHOLAFIN6% ₹33 Cr 1,067,825 Bata India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5000436% ₹33 Cr 190,489 VST Industries Ltd (Consumer Defensive)
Equity, Since 30 Sep 13 | 5099666% ₹33 Cr 86,262 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 13 | KOTAKBANK5% ₹31 Cr 191,141 MRF Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5002905% ₹31 Cr 4,827 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Jan 14 | 5323435% ₹28 Cr 671,959 Asian Paints Ltd (Basic Materials)
Equity, Since 30 Sep 13 | 5008205% ₹28 Cr 159,407 Page Industries Ltd (Consumer Cyclical)
Equity, Since 30 Sep 13 | 5328274% ₹26 Cr 11,670
↓ -2,000
How to Invest in ELSS Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
You Might Also Like
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2019 Shepard Technologies Private Limited. All Rights Reserved