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6 Best Tax Saving SIP Plans to Invest in 2023
Equity Linked Saving Schemes or ELSS is gaining a huge popularity as the best tax saving option, amongst the Indian investors. It has the potential to deliver good returns, and also it has the shortest lock-in period. ELSS is an equity diversified fund, wherein the majority of the fund corpus is invested either in Equity Fund or equity-related products. Investors can attain tax deductions up to INR 1,50,000 under Section 80C of income tax Act from their taxable Income. As these funds offer dual benefits of— tax saving and wealth creation, investors can invest in ELSS and make the most out of their investment. So, to make the process of Investing easy, we have shortlisted the best tax saving SIP plans that offer the best returns to the investors.
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Best Performing SIP Funds to Invest in Equity Linked Saving Scheme (ELSS) FY 23 - 24
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹106.313
↑ 1.01 ₹4,333 500 7.6 3.2 19 37.7 12.8 4.2 Franklin India Taxshield Growth ₹926.735
↑ 6.26 ₹4,740 500 6.3 -0.4 17.1 31.2 10.8 5.4 Nippon India Tax Saver Fund (ELSS) Growth ₹81.8299
↑ 0.80 ₹11,451 500 5.5 -0.7 14.8 31.1 7.5 6.9 HDFC Tax Saver Fund Growth ₹843.992
↑ 3.59 ₹10,179 500 5.8 1 19 30.9 10.8 10.5 Mirae Asset Tax Saver Fund Growth ₹32.264
↑ 0.27 ₹15,218 500 5.9 0.8 13.1 30.9 14.8 0.1 SBI Magnum Tax Gain Fund Growth ₹251.553
↑ 1.98 ₹12,998 500 7.7 4.2 23 30.3 12.6 6.9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 26 May 23 ELSS SIP funds having AUM/Net Assets above 500 Crore. Sorted on Last 3 Year Return.
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 The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate Franklin India Taxshield is a Equity - ELSS fund was launched on 10 Apr 99. It is a fund with Moderately High risk and has given a Below is the key information for Franklin India Taxshield Returns up to 1 year are on The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. However, there can be no assurance that the scheme’s
investment objective shall be achieved. Nippon India Tax Saver Fund (ELSS) is a Equity - ELSS fund was launched on 21 Sep 05. It is a fund with Moderately High risk and has given a Below is the key information for Nippon India Tax Saver Fund (ELSS) Returns up to 1 year are on The fund plans to provide long term growth of capital. HDFC Tax Saver 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 HDFC Tax Saver Fund Returns up to 1 year are on The investment objective of the scheme is to generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns. Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for Mirae Asset Tax Saver Fund Returns up to 1 year are on To deliver the benefit of investment in a portfolio of equity shares, while offering
deduction on such investment made in the scheme under section 80C of the
Income-tax Act, 1961. It also seeks to distribute income periodically depending
on distributable surplus. Investments in this scheme would be subject to a
statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits. SBI Magnum Tax Gain Fund is a Equity - ELSS fund was launched on 7 May 07. It is a fund with Moderately High risk and has given a Below is the key information for SBI Magnum Tax Gain Fund Returns up to 1 year are on 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.8% since its launch. Ranked 3 in ELSS category. Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (26 May 23) ₹106.313 ↑ 1.01 (0.95 %) Net Assets (Cr) ₹4,333 on 30 Apr 23 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio -0.07 Information Ratio 1.16 Alpha Ratio -0.58 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹9,394 30 Apr 20 ₹7,267 30 Apr 21 ₹12,890 30 Apr 22 ₹16,282 30 Apr 23 ₹16,923 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 1 Month 5.7% 3 Month 7.6% 6 Month 3.2% 1 Year 19% 3 Year 37.7% 5 Year 12.8% 10 Year 15 Year Since launch 17.8% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.2% 2021 49.2% 2020 18.7% 2019 1.9% 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 6.53 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 27.23% Industrials 13.77% Consumer Cyclical 13.37% Basic Materials 10.49% Technology 8.41% Health Care 6.4% Consumer Defensive 6.35% Energy 3.91% Communication Services 2.44% Utility 1.47% Asset Allocation
Asset Class Value Cash 6.16% Equity 93.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹349 Cr 3,800,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹177 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹169 Cr 700,000
↑ 25,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹169 Cr 1,350,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | AXISBANK4% ₹168 Cr 1,950,000
↑ 100,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹145 Cr 2,500,000
↓ -500,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹126 Cr 2,600,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 22 | HDFC3% ₹118 Cr 425,000
↑ 75,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹106 Cr 1,325,000 NCC Ltd (Industrials)
Equity, Since 28 Feb 19 | NCC2% ₹104 Cr 8,700,000
↓ -300,000 2. Franklin India Taxshield
CAGR/Annualized return of 20.7% since its launch. Ranked 28 in ELSS category. Return for 2022 was 5.4% , 2021 was 36.7% and 2020 was 9.8% . Franklin India Taxshield
Growth Launch Date 10 Apr 99 NAV (26 May 23) ₹926.735 ↑ 6.26 (0.68 %) Net Assets (Cr) ₹4,740 on 30 Apr 23 Category Equity - ELSS AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd Rating ☆☆ Risk Moderately High Expense Ratio 1.9 Sharpe Ratio 0.14 Information Ratio 0.34 Alpha Ratio 2.76 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,232 30 Apr 20 ₹7,865 30 Apr 21 ₹12,479 30 Apr 22 ₹14,995 30 Apr 23 ₹16,070 Returns for Franklin India Taxshield
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 1 Month 4% 3 Month 6.3% 6 Month -0.4% 1 Year 17.1% 3 Year 31.2% 5 Year 10.8% 10 Year 15 Year Since launch 20.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 5.4% 2021 36.7% 2020 9.8% 2019 5.1% 2018 -3% 2017 29.1% 2016 4.7% 2015 4% 2014 56.9% 2013 6.1% Fund Manager information for Franklin India Taxshield
Name Since Tenure Anand Radhakrishnan 18 Oct 21 1.53 Yr. R. Janakiraman 2 May 16 7 Yr. Data below for Franklin India Taxshield as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 32.32% Industrials 12.64% Consumer Cyclical 10.19% Technology 9.8% Consumer Defensive 8.3% Basic Materials 5.8% Utility 5.26% Communication Services 5.23% Energy 4.37% Health Care 1.33% Asset Allocation
Asset Class Value Cash 4.75% Equity 95.25% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK9% ₹422 Cr 4,600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK9% ₹422 Cr 2,500,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT6% ₹270 Cr 1,140,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY5% ₹251 Cr 2,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL5% ₹248 Cr 3,100,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | AXISBANK5% ₹237 Cr 2,750,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN4% ₹173 Cr 3,000,000 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH3% ₹138 Cr 1,300,000 Grasim Industries Ltd (Basic Materials)
Equity, Since 30 Jun 11 | GRASIM3% ₹138 Cr 800,000 United Spirits Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 31 Oct 18 | 5324323% ₹128 Cr 1,650,000 3. Nippon India Tax Saver Fund (ELSS)
CAGR/Annualized return of 12.6% since its launch. Ranked 16 in ELSS category. Return for 2022 was 6.9% , 2021 was 37.6% and 2020 was -0.4% . Nippon India Tax Saver Fund (ELSS)
Growth Launch Date 21 Sep 05 NAV (26 May 23) ₹81.8299 ↑ 0.80 (0.98 %) Net Assets (Cr) ₹11,451 on 30 Apr 23 Category Equity - ELSS AMC Nippon Life Asset Management Ltd. Rating ☆☆☆ Risk Moderately High Expense Ratio 1.8 Sharpe Ratio 0.02 Information Ratio -0.01 Alpha Ratio 0.91 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹9,208 30 Apr 20 ₹6,684 30 Apr 21 ₹10,277 30 Apr 22 ₹12,425 30 Apr 23 ₹13,073 Returns for Nippon India Tax Saver Fund (ELSS)
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 1 Month 3.9% 3 Month 5.5% 6 Month -0.7% 1 Year 14.8% 3 Year 31.1% 5 Year 7.5% 10 Year 15 Year Since launch 12.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.9% 2021 37.6% 2020 -0.4% 2019 1.5% 2018 -20.7% 2017 46% 2016 4.2% 2015 -2.9% 2014 83% 2013 3.5% Fund Manager information for Nippon India Tax Saver Fund (ELSS)
Name Since Tenure Rupesh Patel 1 Jul 21 1.83 Yr. Ashutosh Bhargava 1 Jul 20 2.83 Yr. Kinjal Desai 25 May 18 4.94 Yr. Akshay Sharma 1 Dec 22 0.41 Yr. Data below for Nippon India Tax Saver Fund (ELSS) as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 39.38% Consumer Cyclical 11.76% Industrials 10.64% Basic Materials 9.56% Technology 5.47% Consumer Defensive 5.01% Health Care 4.8% Utility 4.73% Energy 4.02% Communication Services 2.4% Real Estate 1.14% Asset Allocation
Asset Class Value Cash 0.78% Equity 98.91% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | ICICIBANK9% ₹991 Cr 10,800,000 HDFC Bank Ltd (Financial Services)
Equity, Since 29 Feb 20 | HDFCBANK9% ₹975 Cr 5,780,000 Infosys Ltd (Technology)
Equity, Since 31 Mar 20 | INFY5% ₹626 Cr 4,999,296 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 20 | AXISBANK5% ₹550 Cr 6,400,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 13 | SBIN5% ₹549 Cr 9,500,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 20 | HDFC4% ₹472 Cr 1,700,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 20 | RELIANCE4% ₹460 Cr 1,900,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT4% ₹426 Cr 1,800,000 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 28 Feb 19 | NTPC2% ₹279 Cr 16,200,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Jul 21 | TATAMOTORS2% ₹267 Cr 5,500,000 4. HDFC Tax Saver Fund
CAGR/Annualized return of since its launch. Ranked 27 in ELSS category. Return for 2022 was 10.5% , 2021 was 35.3% and 2020 was 5.8% . HDFC Tax Saver Fund
Growth Launch Date 31 Mar 96 NAV (26 May 23) ₹843.992 ↑ 3.59 (0.43 %) Net Assets (Cr) ₹10,179 on 30 Apr 23 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.86 Sharpe Ratio 0.49 Information Ratio 0.32 Alpha Ratio 6.94 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,188 30 Apr 20 ₹7,850 30 Apr 21 ₹11,262 30 Apr 22 ₹14,190 30 Apr 23 ₹15,905 Returns for HDFC Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 1 Month 3.5% 3 Month 5.8% 6 Month 1% 1 Year 19% 3 Year 30.9% 5 Year 10.8% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2022 10.5% 2021 35.3% 2020 5.8% 2019 3.7% 2018 -10.9% 2017 38.7% 2016 7.6% 2015 -6.2% 2014 56.4% 2013 5.1% Fund Manager information for HDFC Tax Saver Fund
Name Since Tenure Roshi Jain 13 Jan 22 1.29 Yr. Priya Ranjan 1 May 22 1 Yr. Data below for HDFC Tax Saver Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 36.5% Technology 10.76% Health Care 10.46% Industrials 10.45% Consumer Cyclical 7.76% Utility 6.44% Communication Services 6.05% Energy 5.23% Real Estate 1.75% Asset Allocation
Asset Class Value Cash 4.6% Equity 95.4% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹982 Cr 10,700,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK9% ₹928 Cr 5,500,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL6% ₹599 Cr 7,500,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 06 | SBIN6% ₹578 Cr 10,000,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jan 22 | HAL5% ₹489 Cr 1,675,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH5% ₹468 Cr 4,400,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 08 | INFY5% ₹464 Cr 3,700,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | M&M4% ₹454 Cr 3,700,000 NTPC Ltd Shs Dematerialised (Utilities)
Equity, Since 30 Nov 16 | NTPC4% ₹430 Cr 25,000,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jan 22 | DRREDDY4% ₹394 Cr 799,125
↓ -25,875 5. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 17.1% since its launch. Return for 2022 was 0.1% , 2021 was 35.3% and 2020 was 21.5% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (26 May 23) ₹32.264 ↑ 0.27 (0.83 %) Net Assets (Cr) ₹15,218 on 30 Apr 23 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.28 Sharpe Ratio -0.09 Information Ratio 0.19 Alpha Ratio -0.76 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹10,632 30 Apr 20 ₹9,483 30 Apr 21 ₹15,341 30 Apr 22 ₹18,167 30 Apr 23 ₹18,840 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 1 Month 4.2% 3 Month 5.9% 6 Month 0.8% 1 Year 13.1% 3 Year 30.9% 5 Year 14.8% 10 Year 15 Year Since launch 17.1% Historical performance (Yearly) on absolute basis
Year Returns 2022 0.1% 2021 35.3% 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 2014 2013 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 7.34 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 36.12% Consumer Cyclical 13.11% Technology 9.39% Basic Materials 8.18% Industrials 8.04% Energy 7.25% Health Care 6.71% Utility 3.88% Consumer Defensive 3.63% Communication Services 2.44% Real Estate 0.42% Asset Allocation
Asset Class Value Cash 0.84% Equity 99.16% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹1,260 Cr 7,467,222 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE7% ₹1,102 Cr 4,554,179
↑ 175,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹1,063 Cr 11,588,912
↓ -465,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | AXISBANK4% ₹666 Cr 7,748,266 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹618 Cr 4,929,691
↑ 160,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹595 Cr 10,293,799 HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH3% ₹468 Cr 4,402,672
↑ 260,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹400 Cr 1,693,630
↓ -140,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC3% ₹398 Cr 1,433,263 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL2% ₹372 Cr 4,654,889 6. SBI Magnum Tax Gain Fund
CAGR/Annualized return of 11.3% since its launch. Ranked 31 in ELSS category. Return for 2022 was 6.9% , 2021 was 31% and 2020 was 18.9% . SBI Magnum Tax Gain Fund
Growth Launch Date 7 May 07 NAV (26 May 23) ₹251.553 ↑ 1.98 (0.79 %) Net Assets (Cr) ₹12,998 on 30 Apr 23 Category Equity - ELSS AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.85 Sharpe Ratio 0.42 Information Ratio 0.24 Alpha Ratio 6.5 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Apr 18 ₹10,000 30 Apr 19 ₹9,991 30 Apr 20 ₹8,330 30 Apr 21 ₹12,686 30 Apr 22 ₹15,112 30 Apr 23 ₹16,856 Returns for SBI Magnum Tax Gain Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 May 23 Duration Returns 1 Month 5% 3 Month 7.7% 6 Month 4.2% 1 Year 23% 3 Year 30.3% 5 Year 12.6% 10 Year 15 Year Since launch 11.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 6.9% 2021 31% 2020 18.9% 2019 4% 2018 -8.3% 2017 33% 2016 2.1% 2015 3.2% 2014 49.1% 2013 7% Fund Manager information for SBI Magnum Tax Gain Fund
Name Since Tenure Dinesh Balachandran 10 Sep 16 6.64 Yr. Data below for SBI Magnum Tax Gain Fund as on 30 Apr 23
Equity Sector Allocation
Sector Value Financial Services 26.38% Industrials 14.85% Energy 8.84% Consumer Cyclical 7.21% Utility 7.03% Technology 6.33% Basic Materials 6.16% Health Care 6.02% Consumer Defensive 3.59% Communication Services 3.42% Real Estate 2.41% Asset Allocation
Asset Class Value Cash 7.76% Equity 92.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK5% ₹681 Cr 7,416,237 Larsen & Toubro Ltd (Industrials)
Equity, Since 28 Feb 07 | LT4% ₹584 Cr 2,468,968 Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | CUMMINSIND4% ₹487 Cr 3,088,066 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE4% ₹469 Cr 1,937,574 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK3% ₹446 Cr 2,641,521 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL3% ₹445 Cr 5,563,576
↑ 355,426 State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN3% ₹444 Cr 7,685,639 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M3% ₹419 Cr 3,415,083 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | AXISBANK3% ₹386 Cr 4,492,332 ITC Ltd Shs Dematerialised (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹376 Cr 8,836,111
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.
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