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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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Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) 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 ₹105.01
↑ 0.70 ₹739 8 0.7 16.1 27.7 13.4 -1.3 PGIM India Tax Savings Fund Growth ₹25.83
↑ 0.04 ₹494 7.5 1.5 14.5 27.7 13 4.7 Mahindra Mutual Fund Kar Bachat Yojana Growth ₹20.1837
↑ 0.12 ₹567 7.5 1.7 14.7 27 11.9 2 Principal Tax Savings Fund Growth ₹351.448
↑ 1.57 ₹967 7.1 -0.1 12.3 25.9 10.8 4.3 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 appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns. Mahindra Mutual Fund Kar Bachat Yojana is a Equity - ELSS fund was launched on 18 Oct 16. It is a fund with Moderately High risk and has given a Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana 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. 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 31 May 18 ₹10,000 31 May 19 ₹11,024 31 May 20 ₹8,456 31 May 21 ₹14,816
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 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 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 17.9% since its launch. Ranked 13 in ELSS
category. Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (02 Jun 23) ₹105.01 ↑ 0.70 (0.67 %) Net Assets (Cr) ₹739 on 30 Apr 23 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio 0.12 Information Ratio 0.12 Alpha Ratio 2.28 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹9,208 31 May 20 ₹8,648 31 May 21 ₹15,134 31 May 22 ₹15,930 31 May 23 ₹18,489 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 2.3% 3 Month 8% 6 Month 0.7% 1 Year 16.1% 3 Year 27.7% 5 Year 13.4% 10 Year 15 Year Since launch 17.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 -1.3% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 1.01 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 36.97% Industrials 10.94% Consumer Defensive 9.81% Basic Materials 9.14% Health Care 6.44% Utility 5.55% Energy 5.02% Consumer Cyclical 3.56% Technology 2.9% Real Estate 1.98% Communication Services 0.69% Asset Allocation
Asset Class Value Cash 6.92% Equity 93.01% Debt 0.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹49 Cr 529,340 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹45 Cr 265,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN6% ₹45 Cr 770,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | CANBK4% ₹28 Cr 895,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹22 Cr 91,009 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Apr 22 | NTPC3% ₹22 Cr 1,260,000 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 May 22 | ITC3% ₹20 Cr 473,223 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT2% ₹18 Cr 76,000
↑ 5,000 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | BALRAMCHIN2% ₹18 Cr 432,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK2% ₹18 Cr 204,000 3. PGIM India Tax Savings Fund
CAGR/Annualized
return of 13.5% since its launch. Return for 2022 was 4.7% , 2021 was 37.5% and 2020 was 17.9% . PGIM India Tax Savings Fund
Growth Launch Date 11 Dec 15 NAV (02 Jun 23) ₹25.83 ↑ 0.04 (0.16 %) Net Assets (Cr) ₹494 on 30 Apr 23 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 2.46 Sharpe Ratio 0.04 Information Ratio 0.4 Alpha Ratio 0.99 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,476 31 May 20 ₹8,545 31 May 21 ₹14,542 31 May 22 ₹15,983 31 May 23 ₹18,368 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 3.6% 3 Month 7.5% 6 Month 1.5% 1 Year 14.5% 3 Year 27.7% 5 Year 13% 10 Year 15 Year Since launch 13.5% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.7% 2021 37.5% 2020 17.9% 2019 8.2% 2018 -6.4% 2017 39.3% 2016 1.7% 2015 2014 2013 Fund Manager information for PGIM India Tax Savings Fund
Name Since Tenure Bhupesh Kalyani 1 Apr 23 0.08 Yr. Vinay Paharia 1 Apr 23 0.08 Yr. Anandha Padmanabhan Anjeneyan 1 Apr 23 0.08 Yr. Ojasvi Khicha 1 Apr 23 0.08 Yr. Data below for PGIM India Tax Savings Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 31.62% Consumer Cyclical 9.55% Industrials 8.64% Technology 8.53% Consumer Defensive 7.92% Energy 7.09% Health Care 7% Basic Materials 6.85% Utility 3.49% Communication Services 2.03% Real Estate 0.79% Asset Allocation
Asset Class Value Cash 6.49% Equity 93.51% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹37 Cr 222,200 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE7% ₹35 Cr 144,750 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK6% ₹27 Cr 298,500 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT5% ₹23 Cr 95,664 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹20 Cr 161,129 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | AXISBANK4% ₹19 Cr 218,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Oct 17 | HDFC3% ₹17 Cr 61,500
↑ 14,800 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Aug 17 | ITC3% ₹17 Cr 400,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN2% ₹10 Cr 178,174
↓ -116,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Aug 20 | HCLTECH2% ₹10 Cr 96,100 4. Mahindra Mutual Fund Kar Bachat Yojana
CAGR/Annualized
return of 11.1% since its launch. Return for 2022 was 2% , 2021 was 39.4% and 2020 was 14.1% . Mahindra Mutual Fund Kar Bachat Yojana
Growth Launch Date 18 Oct 16 NAV (02 Jun 23) ₹20.1837 ↑ 0.12 (0.58 %) Net Assets (Cr) ₹567 on 30 Apr 23 Category Equity - ELSS AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.38 Sharpe Ratio 0.05 Information Ratio -0.04 Alpha Ratio 1.32 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,186 31 May 20 ₹8,257 31 May 21 ₹13,900 31 May 22 ₹15,210 31 May 23 ₹17,341 Returns for Mahindra Mutual Fund Kar Bachat Yojana
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 14 Jan 22 Duration Returns 1 Month 4% 3 Month 7.5% 6 Month 1.7% 1 Year 14.7% 3 Year 27% 5 Year 11.9% 10 Year 15 Year Since launch 11.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 2% 2021 39.4% 2020 14.1% 2019 4.5% 2018 -9.8% 2017 24.8% 2016 2015 2014 2013 Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana
Name Since Tenure Manish Lodha 21 Dec 20 2.36 Yr. Fatema Pacha 16 Oct 20 2.54 Yr. Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 31.8% Consumer Cyclical 12.81% Technology 12.71% Basic Materials 10.5% Industrials 9.56% Health Care 5.78% Energy 5.22% Consumer Defensive 3.92% Real Estate 2.54% Utility 1.5% Asset Allocation
Asset Class Value Cash 3.65% Equity 96.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK9% ₹52 Cr 567,120 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK9% ₹52 Cr 307,676 Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY6% ₹36 Cr 286,807 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE5% ₹30 Cr 122,154 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | 5322154% ₹21 Cr 249,631 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | BAJFINANCE3% ₹19 Cr 31,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 18 | LT3% ₹17 Cr 71,542 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR3% ₹17 Cr 68,112 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 31 May 19 | TCS3% ₹16 Cr 49,286 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI3% ₹15 Cr 17,376 5. Principal Tax Savings Fund
CAGR/Annualized
return of 15.7% since its launch. Ranked 8 in ELSS
category. Return for 2022 was 4.3% , 2021 was 32.1% and 2020 was 18.9% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (02 Jun 23) ₹351.448 ↑ 1.57 (0.45 %) Net Assets (Cr) ₹967 on 30 Apr 23 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.44 Sharpe Ratio -0.02 Information Ratio -0.1 Alpha Ratio 0.31 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 18 ₹10,000 31 May 19 ₹10,041 31 May 20 ₹8,002 31 May 21 ₹13,338 31 May 22 ₹14,688 31 May 23 ₹16,482 Returns for Principal 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 3.9% 3 Month 7.1% 6 Month -0.1% 1 Year 12.3% 3 Year 25.9% 5 Year 10.8% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.3% 2021 32.1% 2020 18.9% 2019 2.5% 2018 -9.2% 2017 48.8% 2016 6.2% 2015 2.7% 2014 49.4% 2013 8.5% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure Sudhir Kedia 29 Oct 19 3.51 Yr. Rohit Seksaria 1 Jan 22 1.33 Yr. Data below for Principal Tax Savings Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 35.72% Consumer Cyclical 12.73% Industrials 11.18% Technology 10.08% Consumer Defensive 6.56% Energy 6.46% Basic Materials 4.4% Health Care 3.77% Communication Services 1.2% Real Estate 0.62% Asset Allocation
Asset Class Value Cash 7.24% Equity 92.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK7% ₹71 Cr 770,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 21 | RELIANCE6% ₹62 Cr 258,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK6% ₹57 Cr 335,117 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC5% ₹44 Cr 157,000 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY4% ₹42 Cr 333,000
↑ 15,000 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN4% ₹39 Cr 683,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5322153% ₹29 Cr 334,000 Tata Consultancy Services Ltd Shs Dematerialised (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹25 Cr 78,000 Ashok Leyland Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Aug 20 | 5004772% ₹24 Cr 1,630,000 Polycab India Ltd (Industrials)
Equity, Since 30 Nov 20 | 5426522% ₹21 Cr 67,000
↓ -6,000
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