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Top 5 Best Tax Saving SIP Plans to Invest in 2019 - 2020
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)
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2017 (%) Tata India Tax Savings Fund Growth ₹16.9407
↓ -0.04 ₹1,512 500 6.7 0.3 -8.2 14.7 -8.4 IDFC Tax Advantage (ELSS) Fund Growth ₹52.86
↓ -0.20 ₹1,689 500 1.8 -3.8 -12.4 14.8 16.4 -9.4 Aditya Birla Sun Life Tax Relief '96 Growth ₹30.49
↓ -0.01 ₹6,984 500 3.6 -1.6 -4.7 15 19.2 -4.5 DSP BlackRock Tax Saver Fund Growth ₹44.711
↓ -0.25 ₹4,567 500 5.8 -0.1 -8.4 14.6 17.5 -7.6 Principal Tax Savings Fund Growth ₹200.82
↓ -0.98 ₹379 500 3.3 -0.6 -11.5 16.9 17.3 -9.2 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jan 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 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 An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity,
20% debt and money market securities Aditya Birla Sun Life Tax Relief '96 is a Equity - ELSS fund was launched on 6 Mar 08. It is a fund with Moderately High risk and has given a Below is the key information for Aditya Birla Sun Life Tax Relief '96 Returns up to 1 year are on The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. DSP BlackRock Tax Saver Fund is a Equity - ELSS fund was launched on 18 Jan 07. It is a fund with Moderately High risk and has given a Below is the key information for DSP BlackRock Tax Saver Fund 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. 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 (18 Jan 19) ₹16.9407 ↓ -0.04 (-0.25 %) Net Assets (Cr) ₹1,512 on 30 Nov 18 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.61 Sharpe Ratio -0.42 Information Ratio -0.18 Alpha Ratio -15.19 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,530 31 Dec 15 ₹11,931 31 Dec 16 ₹12,187 31 Dec 17 ₹17,793 31 Dec 18 ₹16,302 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -0.1% 3 Month 6.7% 6 Month 0.3% 1 Year -8.2% 3 Year 14.7% 5 Year 10 Year 15 Year Since launch 13.2% Historical performance (Yearly) on absolute basis
Year Returns 2017 -8.4% 2016 46% 2015 2.1% 2014 13.3% 2013 2012 2011 2010 2009 2008 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Rupesh Patel 1 Apr 15 3.59 Yr. Ennette Fernandes 18 Jun 18 0.37 Yr. Data below for Tata India Tax Savings Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 41.2% Consumer Cyclical 15.5% Consumer Defensive 10.42% Industrials 9.22% Technology 7.36% Health Care 4.98% Energy 3.6% Basic Materials 3.42% Real Estate 0.7% Asset Allocation
Asset Class Value Cash 2.86% Equity 96.41% Debt 0.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK9% ₹145 Cr 4,015,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK8% ₹119 Cr 560,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5322155% ₹84 Cr 1,360,000
↑ 260,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN5% ₹84 Cr 2,830,000
↑ 790,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY4% ₹67 Cr 1,020,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK4% ₹62 Cr 495,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹61 Cr 310,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE4% ₹56 Cr 500,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS3% ₹47 Cr 250,000 Havells India Ltd (Industrials)
Equity, Since 31 Aug 17 | 5173543% ₹45 Cr 656,000 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 18% since its launch. Ranked 3 in ELSS category. Return for 2018 was -9.4% , 2017 was 53.4% and 2016 was 0.4% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (18 Jan 19) ₹52.86 ↓ -0.20 (-0.38 %) Net Assets (Cr) ₹1,689 on 30 Nov 18 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.74 Sharpe Ratio -0.55 Information Ratio -0.15 Alpha Ratio -9.94 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹14,221 31 Dec 15 ₹15,202 31 Dec 16 ₹15,265 31 Dec 17 ₹23,410 31 Dec 18 ₹21,209 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -2.3% 3 Month 1.8% 6 Month -3.8% 1 Year -12.4% 3 Year 14.8% 5 Year 16.4% 10 Year 15 Year Since launch 18% Historical performance (Yearly) on absolute basis
Year Returns 2017 -9.4% 2016 53.4% 2015 0.4% 2014 6.9% 2013 42.2% 2012 15% 2011 36.2% 2010 -23.3% 2009 24% 2008 70.8% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 2.03 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 25.04% Consumer Cyclical 15.77% Basic Materials 10.84% Technology 9.43% Industrials 7.74% Consumer Defensive 7.35% Health Care 5.73% Energy 5.63% Utility 5.24% Asset Allocation
Asset Class Value Cash 6.59% Equity 93.4% Other 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Triparty Repo
CBLO/Reverse Repo | -7% ₹118 Cr ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹95 Cr 2,650,000
↑ 50,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹74 Cr 350,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹62 Cr 550,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN3% ₹56 Cr 1,900,000
↑ 300,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹54 Cr 825,000
↑ 25,000 Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL3% ₹51 Cr 1,010,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK3% ₹46 Cr 800,000 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5322152% ₹34 Cr 550,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 18 | ITC2% ₹34 Cr 1,200,000 3. Aditya Birla Sun Life Tax Relief '96
CAGR/Annualized return of 10.8% since its launch. Ranked 4 in ELSS category. Return for 2018 was -4.5% , 2017 was 43.2% and 2016 was 3.4% . Aditya Birla Sun Life Tax Relief '96
Growth Launch Date 6 Mar 08 NAV (18 Jan 19) ₹30.49 ↓ -0.01 (-0.03 %) Net Assets (Cr) ₹6,984 on 30 Nov 18 Category Equity - ELSS AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.42 Sharpe Ratio -0.19 Information Ratio -0.06 Alpha Ratio -4.39 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹15,455 31 Dec 15 ₹16,875 31 Dec 16 ₹17,446 31 Dec 17 ₹24,977 31 Dec 18 ₹23,843 Returns for Aditya Birla Sun Life Tax Relief '96
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -1% 3 Month 3.6% 6 Month -1.6% 1 Year -4.7% 3 Year 15% 5 Year 19.2% 10 Year 15 Year Since launch 10.8% Historical performance (Yearly) on absolute basis
Year Returns 2017 -4.5% 2016 43.2% 2015 3.4% 2014 9.2% 2013 54.6% 2012 9.1% 2011 36.6% 2010 -29.6% 2009 13.5% 2008 102.8% Fund Manager information for Aditya Birla Sun Life Tax Relief '96
Name Since Tenure Ajay Garg 1 Oct 06 12.09 Yr. Data below for Aditya Birla Sun Life Tax Relief '96 as on 30 Nov 18
Equity Sector Allocation
Sector Value Consumer Cyclical 21.81% Financial Services 18.86% Health Care 13.38% Basic Materials 11.16% Industrials 11.13% Consumer Defensive 9.06% Energy 7.22% Technology 5.02% Asset Allocation
Asset Class Value Cash 2.71% Equity 97.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 5171748% ₹545 Cr 247,838
↑ 5,067 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE7% ₹522 Cr 4,651,330
↑ 126,000 Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE7% ₹490 Cr 753,410
↑ 13,445 Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 5062856% ₹431 Cr 1,021,887
↑ 20,411 Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER5% ₹391 Cr 1,368,850
↑ 33,281 GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 5006605% ₹372 Cr 2,456,639
↑ 50,823 Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 15 | THOMASCOOK5% ₹350 Cr 14,941,212
↑ 460,039 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC5% ₹330 Cr 1,676,393 Sundaram Clayton Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | 5200564% ₹319 Cr 878,222
↑ 1,957 Shoppers Stop Ltd (Consumer Cyclical)
Equity, Since 31 Oct 10 | 5326384% ₹256 Cr 4,736,904
↑ 154,121 4. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 13.3% since its launch. Ranked 12 in ELSS category. Return for 2018 was -7.6% , 2017 was 36.3% and 2016 was 11.3% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (18 Jan 19) ₹44.711 ↓ -0.25 (-0.55 %) Net Assets (Cr) ₹4,567 on 30 Nov 18 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.47 Sharpe Ratio -0.39 Information Ratio -0.22 Alpha Ratio -5.51 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹15,221 31 Dec 15 ₹15,891 31 Dec 16 ₹17,682 31 Dec 17 ₹24,099 31 Dec 18 ₹22,258 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -0.4% 3 Month 5.8% 6 Month -0.1% 1 Year -8.4% 3 Year 14.6% 5 Year 17.5% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 2017 -7.6% 2016 36.3% 2015 11.3% 2014 4.4% 2013 52.2% 2012 6.7% 2011 39.8% 2010 -26.7% 2009 23.3% 2008 84.2% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 3.3 Yr. Data below for DSP BlackRock Tax Saver Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 38.85% Technology 12.57% Basic Materials 10.55% Industrials 7.83% Health Care 7.13% Consumer Defensive 5.64% Consumer Cyclical 4.81% Energy 3.86% Utility 2.39% Real Estate 0.72% Asset Allocation
Asset Class Value Cash 4.39% Equity 95.46% Other 0.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹438 Cr 12,166,301
↑ 1,450,347 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK9% ₹400 Cr 1,882,985
↑ 32,958 Treps / Reverse Repo Investments
CBLO/Reverse Repo | -4% ₹205 Cr Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY4% ₹189 Cr 2,865,745
↑ 770,998 State Bank of India (Financial Services)
Equity, Since 30 Jun 08 | SBIN4% ₹188 Cr 6,370,022
↑ 318,603 Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT4% ₹177 Cr 1,230,394
↑ 133,353 Tech Mahindra Ltd (Technology)
Equity, Since 30 Jun 18 | 5327553% ₹137 Cr 1,893,615
↓ -414,013 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322152% ₹99 Cr 1,599,318
↑ 627,821 Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Sep 18 | AUROPHARMA2% ₹98 Cr 1,342,803
↑ 234,577 ITC Ltd (Consumer Defensive)
Equity, Since 31 Dec 18 | ITC2% ₹97 Cr 3,456,080
↑ 3,456,080 5. Principal Tax Savings Fund
CAGR/Annualized return of 16.1% since its launch. Ranked 8 in ELSS category. Return for 2018 was -9.2% , 2017 was 48.8% and 2016 was 6.2% . Principal Tax Savings Fund
Growth Launch Date 31 Mar 96 NAV (18 Jan 19) ₹200.82 ↓ -0.98 (-0.49 %) Net Assets (Cr) ₹379 on 30 Nov 18 Category Equity - ELSS AMC Principal Pnb Asset Mgmt. Co. Priv. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.88 Sharpe Ratio -0.51 Information Ratio 0.29 Alpha Ratio -6.53 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 13 ₹10,000 31 Dec 14 ₹14,945 31 Dec 15 ₹15,348 31 Dec 16 ₹16,298 31 Dec 17 ₹24,251 31 Dec 18 ₹22,021 Returns for Principal Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19 Duration Returns 1 Month -1% 3 Month 3.3% 6 Month -0.6% 1 Year -11.5% 3 Year 16.9% 5 Year 17.3% 10 Year 15 Year Since launch 16.1% Historical performance (Yearly) on absolute basis
Year Returns 2017 -9.2% 2016 48.8% 2015 6.2% 2014 2.7% 2013 49.4% 2012 8.5% 2011 46.5% 2010 -30.4% 2009 15% 2008 64.7% Fund Manager information for Principal Tax Savings Fund
Name Since Tenure P.V.K. Mohan 1 Sep 10 8.17 Yr. Data below for Principal Tax Savings Fund as on 30 Nov 18
Equity Sector Allocation
Sector Value Financial Services 26.61% Consumer Defensive 12.95% Basic Materials 12.55% Technology 10.36% Industrials 9.28% Consumer Cyclical 9.24% Utility 6.78% Health Care 4.18% Energy 3.93% Communication Services 1.32% Asset Allocation
Asset Class Value Cash 3.27% Equity 97.21% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK5% ₹19 Cr 91,334 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK5% ₹18 Cr 509,143 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE4% ₹15 Cr 134,452 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS3% ₹13 Cr 68,640 ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC3% ₹13 Cr 455,396 Treps 01-Jan-2019
CBLO/Reverse Repo | -3% ₹12 Cr Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT3% ₹11 Cr 77,262 Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 17 | 5004003% ₹11 Cr 1,442,240 State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN3% ₹11 Cr 369,851 Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY3% ₹11 Cr 161,594
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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