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Top 5 Best Tax Saving SIP Plans to Invest in 2019 - 2020 | Fincash.com

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Top 5 Best Tax Saving SIP Plans to Invest in 2019 - 2020

Updated on January 17, 2019 , 159 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)

FundNAVNet Assets (Cr)Min SIP Investment3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2017 (%)
Tata India Tax Savings Fund Growth ₹16.9407
↓ -0.04
₹1,512 500 6.70.3-8.214.7 -8.4
IDFC Tax Advantage (ELSS) Fund Growth ₹52.86
↓ -0.20
₹1,689 500 1.8-3.8-12.414.816.4-9.4
Aditya Birla Sun Life Tax Relief '96 Growth ₹30.49
↓ -0.01
₹6,984 500 3.6-1.6-4.71519.2-4.5
DSP BlackRock Tax Saver Fund Growth ₹44.711
↓ -0.25
₹4,567 500 5.8-0.1-8.414.617.5-7.6
Principal Tax Savings Fund Growth ₹200.82
↓ -0.98
₹379 500 3.3-0.6-11.516.917.3-9.2
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 18 Jan 19

1. Tata India Tax Savings Fund

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 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% .

Below is the key information for Tata India Tax Savings Fund

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.

DateValue
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

Tata India Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Tata India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Rupesh Patel1 Apr 153.59 Yr.
Ennette Fernandes18 Jun 180.37 Yr.

Data below for Tata India Tax Savings Fund as on 30 Nov 18

Equity Sector Allocation
SectorValue
Financial Services41.2%
Consumer Cyclical15.5%
Consumer Defensive10.42%
Industrials9.22%
Technology7.36%
Health Care4.98%
Energy3.6%
Basic Materials3.42%
Real Estate0.7%
Asset Allocation
Asset ClassValue
Cash2.86%
Equity96.41%
Debt0.8%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
9%₹145 Cr4,015,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
8%₹119 Cr560,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
5%₹84 Cr1,360,000
↑ 260,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
5%₹84 Cr2,830,000
↑ 790,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
4%₹67 Cr1,020,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 15 | KOTAKBANK
4%₹62 Cr495,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC
4%₹61 Cr310,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
4%₹56 Cr500,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 18 | TCS
3%₹47 Cr250,000
Havells India Ltd (Industrials)
Equity, Since 31 Aug 17 | 517354
3%₹45 Cr656,000

2. IDFC Tax Advantage (ELSS) Fund

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 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% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

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.

DateValue
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

IDFC Tax Advantage (ELSS) Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689
Invest Now

Returns for IDFC Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Daylynn Pinto20 Oct 162.03 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Nov 18

Equity Sector Allocation
SectorValue
Financial Services25.04%
Consumer Cyclical15.77%
Basic Materials10.84%
Technology9.43%
Industrials7.74%
Consumer Defensive7.35%
Health Care5.73%
Energy5.63%
Utility5.24%
Asset Allocation
Asset ClassValue
Cash6.59%
Equity93.4%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Triparty Repo
CBLO/Reverse Repo | -
7%₹118 Cr
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
6%₹95 Cr2,650,000
↑ 50,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹74 Cr350,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹62 Cr550,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN
3%₹56 Cr1,900,000
↑ 300,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
3%₹54 Cr825,000
↑ 25,000
Future Retail Ltd (Consumer Cyclical)
Equity, Since 31 Aug 16 | FRETAIL
3%₹51 Cr1,010,000
RBL Bank Ltd (Financial Services)
Equity, Since 31 Aug 16 | RBLBANK
3%₹46 Cr800,000
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 18 | 532215
2%₹34 Cr550,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Jul 18 | ITC
2%₹34 Cr1,200,000

3. Aditya Birla Sun Life Tax Relief '96

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 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% .

Below is the key information for Aditya Birla Sun Life Tax Relief '96

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.

DateValue
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

Aditya Birla Sun Life Tax Relief '96 SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹493,520.
Net Profit of ₹193,520
Invest Now

Returns for Aditya Birla Sun Life Tax Relief '96

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Ajay Garg1 Oct 0612.09 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 30 Nov 18

Equity Sector Allocation
SectorValue
Consumer Cyclical21.81%
Financial Services18.86%
Health Care13.38%
Basic Materials11.16%
Industrials11.13%
Consumer Defensive9.06%
Energy7.22%
Technology5.02%
Asset Allocation
Asset ClassValue
Cash2.71%
Equity97.65%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Honeywell Automation India Ltd (Industrials)
Equity, Since 30 Jun 08 | 517174
8%₹545 Cr247,838
↑ 5,067
Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 08 | RELIANCE
7%₹522 Cr4,651,330
↑ 126,000
Gillette India Ltd (Consumer Defensive)
Equity, Since 30 Jun 14 | GILLETTE
7%₹490 Cr753,410
↑ 13,445
Bayer CropScience Ltd (Basic Materials)
Equity, Since 31 Aug 11 | 506285
6%₹431 Cr1,021,887
↑ 20,411
Pfizer Ltd (Healthcare)
Equity, Since 30 Apr 11 | PFIZER
5%₹391 Cr1,368,850
↑ 33,281
GlaxoSmithKline Pharmaceuticals Ltd (Healthcare)
Equity, Since 31 Mar 10 | 500660
5%₹372 Cr2,456,639
↑ 50,823
Thomas Cook India Ltd (Consumer Cyclical)
Equity, Since 31 Aug 15 | THOMASCOOK
5%₹350 Cr14,941,212
↑ 460,039
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 08 | HDFC
5%₹330 Cr1,676,393
Sundaram Clayton Ltd (Consumer Cyclical)
Equity, Since 31 Mar 12 | 520056
4%₹319 Cr878,222
↑ 1,957
Shoppers Stop Ltd (Consumer Cyclical)
Equity, Since 31 Oct 10 | 532638
4%₹256 Cr4,736,904
↑ 154,121

4. DSP BlackRock Tax Saver Fund

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 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% .

Below is the key information for DSP BlackRock Tax Saver Fund

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.

DateValue
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

DSP BlackRock 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 ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for DSP BlackRock 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 18 Jan 19

DurationReturns
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
YearReturns
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
NameSinceTenure
Rohit Singhania16 Jul 153.3 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 30 Nov 18

Equity Sector Allocation
SectorValue
Financial Services38.85%
Technology12.57%
Basic Materials10.55%
Industrials7.83%
Health Care7.13%
Consumer Defensive5.64%
Consumer Cyclical4.81%
Energy3.86%
Utility2.39%
Real Estate0.72%
Asset Allocation
Asset ClassValue
Cash4.39%
Equity95.46%
Other0.15%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹438 Cr12,166,301
↑ 1,450,347
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
9%₹400 Cr1,882,985
↑ 32,958
Treps / Reverse Repo Investments
CBLO/Reverse Repo | -
4%₹205 Cr
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
4%₹189 Cr2,865,745
↑ 770,998
State Bank of India (Financial Services)
Equity, Since 30 Jun 08 | SBIN
4%₹188 Cr6,370,022
↑ 318,603
Larsen & Toubro Ltd (Industrials)
Equity, Since 29 Feb 16 | LT
4%₹177 Cr1,230,394
↑ 133,353
Tech Mahindra Ltd (Technology)
Equity, Since 30 Jun 18 | 532755
3%₹137 Cr1,893,615
↓ -414,013
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
2%₹99 Cr1,599,318
↑ 627,821
Aurobindo Pharma Ltd (Healthcare)
Equity, Since 30 Sep 18 | AUROPHARMA
2%₹98 Cr1,342,803
↑ 234,577
ITC Ltd (Consumer Defensive)
Equity, Since 31 Dec 18 | ITC
2%₹97 Cr3,456,080
↑ 3,456,080

5. Principal Tax Savings Fund

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 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% .

Below is the key information for Principal Tax Savings Fund

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.

DateValue
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

Principal Tax Savings Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047
Invest Now

Returns for Principal Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Jan 19

DurationReturns
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
YearReturns
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
NameSinceTenure
P.V.K. Mohan1 Sep 108.17 Yr.

Data below for Principal Tax Savings Fund as on 30 Nov 18

Equity Sector Allocation
SectorValue
Financial Services26.61%
Consumer Defensive12.95%
Basic Materials12.55%
Technology10.36%
Industrials9.28%
Consumer Cyclical9.24%
Utility6.78%
Health Care4.18%
Energy3.93%
Communication Services1.32%
Asset Allocation
Asset ClassValue
Cash3.27%
Equity97.21%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 09 | HDFCBANK
5%₹19 Cr91,334
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
5%₹18 Cr509,143
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 08 | RELIANCE
4%₹15 Cr134,452
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 14 | TCS
3%₹13 Cr68,640
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹13 Cr455,396
Treps 01-Jan-2019
CBLO/Reverse Repo | -
3%₹12 Cr
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Mar 13 | LT
3%₹11 Cr77,262
Tata Power Co Ltd (Utilities)
Equity, Since 30 Nov 17 | 500400
3%₹11 Cr1,442,240
State Bank of India (Financial Services)
Equity, Since 30 Apr 05 | SBIN
3%₹11 Cr369,851
Infosys Ltd (Technology)
Equity, Since 31 Jan 09 | INFY
3%₹11 Cr161,594

Disclaimer:
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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