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6 Best Tax Saving SIP MF Plans to Invest in 2024 | Fincash.com

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6 Best Tax Saving SIP Plans to Invest in 2024

Updated on July 15, 2024 , 37040 views

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 24 - 25

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
SBI Magnum Tax Gain Fund Growth ₹433.787
↓ -0.04
₹23,888 500 14.526.257.427.925.140
HDFC Tax Saver Fund Growth ₹1,343.79
↑ 0.75
₹14,753 500 15.420.648.226.620.933.2
Motilal Oswal Long Term Equity Fund Growth ₹49.3487
↓ -0.13
₹3,436 500 17.427.859.125.123.937
BOI AXA Tax Advantage Fund Growth ₹176.68
↓ -1.23
₹1,327 500 15.225.960.123.428.634.8
Nippon India Tax Saver Fund (ELSS) Growth ₹128.943
↓ -0.09
₹15,026 500 16.521.546.322.818.728.6
Franklin India Taxshield Growth ₹1,455.64
↓ -0.56
₹6,398 500 14.51946.922.320.731.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Jul 24
*Above is list of best ELSS SIP funds having AUM/Net Assets above 500 Crore. Sorted on Last 3 Year Return.

1. SBI Magnum Tax Gain Fund

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 CAGR/Annualized return of 14.1% since its launch.  Ranked 31 in ELSS category.  Return for 2023 was 40% , 2022 was 6.9% and 2021 was 31% .

Below is the key information for SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund
Growth
Launch Date 7 May 07
NAV (16 Jul 24) ₹433.787 ↓ -0.04   (-0.01 %)
Net Assets (Cr) ₹23,888 on 31 May 24
Category Equity - ELSS
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 1.79
Sharpe Ratio 3.22
Information Ratio 1.79
Alpha Ratio 13.69
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,902
30 Jun 21₹14,117
30 Jun 22₹14,163
30 Jun 23₹18,737
30 Jun 24₹29,399

SBI Magnum Tax Gain Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326
Invest Now

Returns for SBI Magnum Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.5%
3 Month 14.5%
6 Month 26.2%
1 Year 57.4%
3 Year 27.9%
5 Year 25.1%
10 Year
15 Year
Since launch 14.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 40%
2022 6.9%
2021 31%
2020 18.9%
2019 4%
2018 -8.3%
2017 33%
2016 2.1%
2015 3.2%
2014 49.1%
Fund Manager information for SBI Magnum Tax Gain Fund
NameSinceTenure
Dinesh Balachandran10 Sep 167.73 Yr.

Data below for SBI Magnum Tax Gain Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services23.23%
Industrials15.44%
Consumer Cyclical10.32%
Energy9.24%
Health Care7.62%
Utility6.64%
Basic Materials6.49%
Technology5.43%
Communication Services3.2%
Consumer Defensive2.64%
Real Estate0.71%
Asset Allocation
Asset ClassValue
Cash9.05%
Equity90.95%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
GE T&D India Ltd (Industrials)
Equity, Since 30 Sep 16 | 522275
6%₹1,315 Cr9,669,164
↓ -275,164
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
4%₹941 Cr6,143,253
Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | 532779
4%₹928 Cr6,181,522
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
4%₹856 Cr3,415,083
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
3%₹831 Cr7,416,237
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
3%₹775 Cr9,335,639
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
3%₹764 Cr5,563,576
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
3%₹697 Cr2,437,574
Oil & Natural Gas Corp Ltd (Energy)
Equity, Since 31 Jan 23 | 500312
3%₹661 Cr25,000,000
GAIL (India) Ltd (Utilities)
Equity, Since 30 Nov 21 | 532155
3%₹658 Cr32,193,555

2. HDFC Tax Saver Fund

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 CAGR/Annualized return of since its launch.  Ranked 27 in ELSS category.  Return for 2023 was 33.2% , 2022 was 10.5% and 2021 was 35.3% .

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund
Growth
Launch Date 31 Mar 96
NAV (16 Jul 24) ₹1,343.79 ↑ 0.75   (0.06 %)
Net Assets (Cr) ₹14,753 on 31 May 24
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.84
Sharpe Ratio 3.11
Information Ratio 2.12
Alpha Ratio 8.78
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,975
30 Jun 21₹12,121
30 Jun 22₹13,105
30 Jun 23₹16,790
30 Jun 24₹24,586

HDFC Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644
Invest Now

Returns for HDFC Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 4.6%
3 Month 15.4%
6 Month 20.6%
1 Year 48.2%
3 Year 26.6%
5 Year 20.9%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
2023 33.2%
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%
Fund Manager information for HDFC Tax Saver Fund
NameSinceTenure
Roshi Jain13 Jan 222.38 Yr.
Dhruv Muchhal22 Jun 230.94 Yr.

Data below for HDFC Tax Saver Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services39.26%
Health Care13.09%
Technology9.19%
Consumer Cyclical8.2%
Industrials7.96%
Communication Services5.59%
Utility2.88%
Real Estate2.27%
Energy1.45%
Basic Materials0.79%
Consumer Defensive0.42%
Asset Allocation
Asset ClassValue
Cash8.54%
Equity91.12%
Debt0.34%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK
10%₹1,424 Cr9,300,000
↑ 150,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
9%₹1,401 Cr12,500,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
7%₹1,092 Cr9,400,000
↑ 800,000
Cipla Ltd (Healthcare)
Equity, Since 31 Oct 09 | 500087
5%₹781 Cr5,400,000
↑ 200,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL
5%₹728 Cr5,300,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
4%₹622 Cr4,700,000
↑ 847,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jan 22 | HAL
4%₹597 Cr1,200,000
↓ -1,000,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE
4%₹596 Cr4,300,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | KOTAKBANK
4%₹571 Cr3,400,000
↑ 900,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 06 | SBIN
3%₹515 Cr6,200,000
↓ -3,800,000

3. Motilal Oswal Long Term Equity Fund

(Erstwhile Motilal Oswal MOSt Focused Long Term Fund)

The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Motilal Oswal Long Term Equity Fund is a Equity - ELSS fund was launched on 21 Jan 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.3% since its launch.  Return for 2023 was 37% , 2022 was 1.8% and 2021 was 32.1% .

Below is the key information for Motilal Oswal Long Term Equity Fund

Motilal Oswal Long Term Equity Fund
Growth
Launch Date 21 Jan 15
NAV (16 Jul 24) ₹49.3487 ↓ -0.13   (-0.26 %)
Net Assets (Cr) ₹3,436 on 31 May 24
Category Equity - ELSS
AMC Motilal Oswal Asset Management Co. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.68
Sharpe Ratio 3.33
Information Ratio 0.95
Alpha Ratio 14.82
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,987
30 Jun 21₹14,080
30 Jun 22₹13,182
30 Jun 23₹17,688
30 Jun 24₹27,905

Motilal Oswal Long Term Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for Motilal Oswal Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.9%
3 Month 17.4%
6 Month 27.8%
1 Year 59.1%
3 Year 25.1%
5 Year 23.9%
10 Year
15 Year
Since launch 18.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 37%
2022 1.8%
2021 32.1%
2020 8.8%
2019 13.2%
2018 -8.7%
2017 44%
2016 12.5%
2015
2014
Fund Manager information for Motilal Oswal Long Term Equity Fund
NameSinceTenure
Ajay Khandelwal11 Dec 230.47 Yr.
Niket Shah17 Oct 230.62 Yr.
Rakesh Shetty22 Nov 221.52 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Industrials32.88%
Financial Services22.23%
Consumer Cyclical18.3%
Health Care8.7%
Real Estate8.38%
Basic Materials4.46%
Technology2.46%
Communication Services1.9%
Asset Allocation
Asset ClassValue
Cash0.7%
Equity99.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320
7%₹225 Cr12,550,000
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | 500251
6%₹216 Cr474,799
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE
5%₹184 Cr1,150,000
Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 23 | BDL
5%₹181 Cr1,162,768
Jio Financial Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 543940
5%₹174 Cr5,051,957
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Mar 23 | INDUSINDBK
4%₹146 Cr1,000,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | ICICIBANK
4%₹130 Cr1,160,000
Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | KALYANKJIL
4%₹128 Cr3,296,932
CG Power & Industrial Solutions Ltd (Industrials)
Equity, Since 30 Nov 23 | 500093
4%₹121 Cr1,875,000
Global Health Ltd (Healthcare)
Equity, Since 30 Nov 22 | MEDANTA
3%₹118 Cr993,145
↓ -7,000

4. BOI AXA Tax Advantage Fund

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 CAGR/Annualized return of 20.5% since its launch.  Ranked 13 in ELSS category.  Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (16 Jul 24) ₹176.68 ↓ -1.23   (-0.69 %)
Net Assets (Cr) ₹1,327 on 31 May 24
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.49
Sharpe Ratio 2.92
Information Ratio 0.91
Alpha Ratio 10.21
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹10,045
30 Jun 21₹17,570
30 Jun 22₹16,756
30 Jun 23₹21,185
30 Jun 24₹33,488

BOI AXA Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹612,552.
Net Profit of ₹312,552
Invest Now

Returns for BOI AXA Tax Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.7%
3 Month 15.2%
6 Month 25.9%
1 Year 60.1%
3 Year 23.4%
5 Year 28.6%
10 Year
15 Year
Since launch 20.5%
Historical performance (Yearly) on absolute basis
YearReturns
2023 34.8%
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%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Alok Singh27 Apr 222.1 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services27.42%
Industrials20.55%
Basic Materials15.94%
Consumer Cyclical11.14%
Energy5.82%
Technology5.29%
Utility4.42%
Health Care3.68%
Consumer Defensive3.57%
Real Estate2.04%
Asset Allocation
Asset ClassValue
Cash0.09%
Equity99.87%
Debt0.04%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
5%₹62 Cr752,000
↑ 57,000
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 500295
4%₹54 Cr1,211,000
↑ 77,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL
4%₹50 Cr99,900
↑ 13,900
Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL
3%₹45 Cr702,000
Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 532483
3%₹41 Cr3,500,000
↓ -225,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹34 Cr955,000
↑ 35,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
3%₹34 Cr223,000
↓ -32,000
Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 532134
3%₹34 Cr1,286,338
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
2%₹33 Cr114,000
↓ -16,000
HEG Ltd (Industrials)
Equity, Since 31 Dec 22 | HEG
2%₹31 Cr135,000
↑ 5,000

5. Nippon India Tax Saver Fund (ELSS)

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 CAGR/Annualized return of 14.6% since its launch.  Ranked 16 in ELSS category.  Return for 2023 was 28.6% , 2022 was 6.9% and 2021 was 37.6% .

Below is the key information for Nippon India Tax Saver Fund (ELSS)

Nippon India Tax Saver Fund (ELSS)
Growth
Launch Date 21 Sep 05
NAV (16 Jul 24) ₹128.943 ↓ -0.09   (-0.07 %)
Net Assets (Cr) ₹15,026 on 31 May 24
Category Equity - ELSS
AMC Nippon Life Asset Management Ltd.
Rating
Risk Moderately High
Expense Ratio 1.8
Sharpe Ratio 2.74
Information Ratio 0.91
Alpha Ratio 5.36
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,374
30 Jun 21₹12,126
30 Jun 22₹12,461
30 Jun 23₹15,468
30 Jun 24₹22,281

Nippon India Tax Saver Fund (ELSS) SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656
Invest Now

Returns for Nippon India Tax Saver Fund (ELSS)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 5.1%
3 Month 16.5%
6 Month 21.5%
1 Year 46.3%
3 Year 22.8%
5 Year 18.7%
10 Year
15 Year
Since launch 14.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.6%
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%
Fund Manager information for Nippon India Tax Saver Fund (ELSS)
NameSinceTenure
Rupesh Patel1 Jul 212.92 Yr.
Ashutosh Bhargava1 Jul 203.92 Yr.
Kinjal Desai25 May 186.02 Yr.

Data below for Nippon India Tax Saver Fund (ELSS) as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services35.12%
Consumer Cyclical13.99%
Industrials11.03%
Consumer Defensive7.66%
Basic Materials6.9%
Utility6.44%
Energy5.09%
Technology4.82%
Health Care3.61%
Communication Services3.04%
Real Estate1.83%
Asset Allocation
Asset ClassValue
Cash0.48%
Equity99.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | ICICIBANK
7%₹1,099 Cr9,800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 29 Feb 20 | HDFCBANK
6%₹919 Cr6,000,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 20 | INFY
4%₹577 Cr4,100,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 20 | 532215
4%₹564 Cr4,850,000
NTPC Ltd (Utilities)
Equity, Since 28 Feb 19 | 532555
4%₹560 Cr15,600,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 13 | SBIN
3%₹523 Cr6,300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 May 18 | LT
3%₹506 Cr1,377,783
↑ 203,961
Samvardhana Motherson International Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | MOTHERSON
3%₹464 Cr30,700,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 20 | RELIANCE
3%₹458 Cr1,600,000
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | 532810
3%₹394 Cr8,000,000

6. Franklin India Taxshield

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 CAGR/Annualized return of 21.8% since its launch.  Ranked 28 in ELSS category.  Return for 2023 was 31.2% , 2022 was 5.4% and 2021 was 36.7% .

Below is the key information for Franklin India Taxshield

Franklin India Taxshield
Growth
Launch Date 10 Apr 99
NAV (16 Jul 24) ₹1,455.64 ↓ -0.56   (-0.04 %)
Net Assets (Cr) ₹6,398 on 31 May 24
Category Equity - ELSS
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 2.92
Information Ratio 0.7
Alpha Ratio 6.73
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,076
30 Jun 21₹13,526
30 Jun 22₹13,396
30 Jun 23₹16,867
30 Jun 24₹24,573

Franklin India Taxshield SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644
Invest Now

Returns for Franklin India Taxshield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 5.5%
3 Month 14.5%
6 Month 19%
1 Year 46.9%
3 Year 22.3%
5 Year 20.7%
10 Year
15 Year
Since launch 21.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 31.2%
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%
Fund Manager information for Franklin India Taxshield
NameSinceTenure
R. Janakiraman2 May 168.09 Yr.
Rajasa Kakulavarapu1 Dec 230.5 Yr.

Data below for Franklin India Taxshield as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services27.93%
Industrials16.56%
Consumer Cyclical11.18%
Technology8.31%
Consumer Defensive6.77%
Communication Services5.41%
Basic Materials5.4%
Utility5.23%
Energy4.22%
Health Care3.77%
Real Estate0.72%
Asset Allocation
Asset ClassValue
Cash4.14%
Equity95.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
8%₹494 Cr4,405,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK
7%₹436 Cr2,848,937
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL
5%₹346 Cr2,520,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT
5%₹324 Cr883,853
↓ -41,147
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
4%₹271 Cr1,922,741
↓ -161,259
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 532215
4%₹262 Cr2,252,948
State Bank of India (Financial Services)
Equity, Since 31 Aug 15 | SBIN
4%₹255 Cr3,065,705
↓ -185,595
NTPC Ltd (Utilities)
Equity, Since 31 Oct 16 | 532555
3%₹205 Cr5,717,948
↓ -149,828
United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | MCDOWELL-N
3%₹191 Cr1,650,000
Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE
3%₹188 Cr657,087

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