5 Best Performing ELSS Mutual Funds 2022 | Fincash.com

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Top 5 Best Performing ELSS Mutual Funds 2022 - 2023
Top 5 Equity - ELSS Funds

5 Best ELSS Mutual Funds Investments in India for 2022

Updated on May 18, 2022 , 36713 views

Best elss Funds or Equity Linked Savings Schemes 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 & have lock-in of 3 Years on investments.

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Top 5 Best Performing ELSS Mutual Funds 2022 - 2023

*List for Funds based on Assets >= 100 Crore & Sorted on 3 Year CAGR Return.

1. HDFC Long Term Advantage Fund

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 CAGR/Annualized return of 21.4% since its launch. Ranked 23 in ELSS category. .

Below is the key information for HDFC Long Term Advantage Fund

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
30 Apr 17	₹10,000
30 Apr 18	₹11,443
30 Apr 19	₹12,077
30 Apr 20	₹9,802
30 Apr 21	₹15,152

HDFC Long Term Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 Invest Now

Purchase not allowed

Returns for HDFC Long Term 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 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
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012

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

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 17.9% since its launch. Ranked 13 in ELSS category. Return for 2021 was 41.5% , 2020 was 31.2% and 2019 was 14.6% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund Growth
Launch Date	25 Feb 09
NAV (20 May 22)	₹88.42 ↑ 1.66 (1.91 %)
Net Assets (Cr)	₹596 on 30 Apr 22
Category	Equity - ELSS
AMC	BOI AXA Investment Mngrs Private Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.56
Sharpe Ratio	1.03
Information Ratio	0.94
Alpha Ratio	-0.83
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,000
30 Apr 18	₹13,257
30 Apr 19	₹11,300
30 Apr 20	₹11,490
30 Apr 21	₹18,481
30 Apr 22	₹21,652

BOI AXA Tax Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 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 14 Jan 22

Duration	Returns
1 Month	-8%
3 Month	-7.3%
6 Month	-14.2%
1 Year	7%
3 Year	20.5%
5 Year	14.8%
10 Year
15 Year
Since launch	17.9%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2012	24.8%

Fund Manager information for BOI AXA Tax Advantage Fund

Name	Since	Tenure
Aakash Manghani	15 Jul 19	2.8 Yr.
Alok Singh	27 Apr 22	0.01 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Apr 22

Equity Sector Allocation

Sector	Value
Financial Services	31.31%
Technology	13.96%
Consumer Cyclical	13.9%
Basic Materials	12.71%
Health Care	7.42%
Industrials	6.93%
Consumer Defensive	3.58%
Energy	3.31%
Communication Services	2.66%
Real Estate	1.01%

Asset Allocation

Asset Class	Value
Cash	3.12%
Equity	96.79%
Debt	0.09%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| ICICIBANK	6%	₹39 Cr	519,840 ↑ 46,659
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 10 \| HDFCBANK	5%	₹28 Cr	202,169 ↓ -8,457
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 18 \| RELIANCE	4%	₹25 Cr	87,880 ↑ 13,500
Infosys Ltd (Technology) Equity, Since 30 Jun 20 \| INFY	4%	₹24 Cr	155,489 ↓ -4,381
Bajaj Finance Ltd (Financial Services) Equity, Since 31 May 18 \| BAJFINANCE	3%	₹19 Cr	28,188 ↓ -4,398
State Bank of India (Financial Services) Equity, Since 31 Oct 21 \| SBIN	3%	₹16 Cr	330,426 ↑ 56,427
Cholamandalam Investment and Finance Co Ltd (Financial Services) Equity, Since 31 Jan 18 \| CHOLAFIN	3%	₹16 Cr	212,404
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Sep 18 \| KOTAKBANK	2%	₹13 Cr	75,364 ↓ -4,000
Varun Beverages Ltd (Consumer Defensive) Equity, Since 28 Feb 22 \| VBL	2%	₹11 Cr	104,928 ↑ 26,533
Axis Bank Ltd (Financial Services) Equity, Since 31 Jan 22 \| AXISBANK	2%	₹11 Cr	154,028 ↑ 9,000

3. Mirae Asset Tax Saver 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. 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 CAGR/Annualized return of 17.9% since its launch. Return for 2021 was 35.3% , 2020 was 21.5% and 2019 was 14.1% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund Growth
Launch Date	28 Dec 15
NAV (20 May 22)	₹28.616 ↑ 0.65 (2.34 %)
Net Assets (Cr)	₹11,963 on 30 Apr 22
Category	Equity - ELSS
AMC	Mirae Asset Global Inv (India) Pvt. Ltd
Rating	Not Rated
Risk	Moderately High
Expense Ratio	1.4
Sharpe Ratio	1.21
Information Ratio	1.06
Alpha Ratio	-1.59
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,000
30 Apr 18	₹11,900
30 Apr 19	₹12,653
30 Apr 20	₹11,285
30 Apr 21	₹18,256
30 Apr 22	₹21,619

Mirae Asset Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 Invest Now

Returns for Mirae Asset 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 14 Jan 22

Duration	Returns
1 Month	-6.4%
3 Month	-6.2%
6 Month	-10.3%
1 Year	8.5%
3 Year	17.5%
5 Year	15.1%
10 Year
15 Year
Since launch	17.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2021	35.3%
2020	21.5%
2019	14.1%
2018	-2.3%
2017	47.9%
2016	14.8%
2015
2014
2013
2012

Fund Manager information for Mirae Asset Tax Saver Fund

Name	Since	Tenure
Neelesh Surana	28 Dec 15	6.35 Yr.

Data below for Mirae Asset Tax Saver Fund as on 30 Apr 22

Equity Sector Allocation

Sector	Value
Financial Services	34.47%
Technology	13.7%
Basic Materials	9.06%
Industrials	8.15%
Consumer Cyclical	8.09%
Energy	7.6%
Health Care	7.25%
Consumer Defensive	5.77%
Utility	2.81%
Communication Services	1.84%

Asset Allocation

Asset Class	Value
Cash	1.26%
Equity	98.74%
Other	0%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Infosys Ltd (Technology) Equity, Since 31 Dec 15 \| INFY	8%	₹889 Cr	4,661,691 ↓ -60,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 15 \| HDFCBANK	7%	₹842 Cr	5,729,722
ICICI Bank Ltd (Financial Services) Equity, Since 31 Dec 15 \| ICICIBANK	7%	₹784 Cr	10,733,912 ↑ 25,000
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 15 \| RELIANCE	6%	₹744 Cr	2,824,180 ↑ 40,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Jan 18 \| 532215	4%	₹501 Cr	6,586,266
State Bank of India (Financial Services) Equity, Since 31 Dec 15 \| SBIN	4%	₹414 Cr	8,383,799 ↓ -50,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Dec 15 \| TCS	3%	₹324 Cr	865,537 ↓ -59,289
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Aug 16 \| LT	3%	₹297 Cr	1,677,630 ↑ 180,000
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 Dec 15 \| SUNPHARMA	2%	₹282 Cr	3,082,209
HCL Technologies Ltd (Technology) Equity, Since 31 Oct 21 \| HCLTECH	2%	₹253 Cr	2,177,500

4. 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 17.9% since its launch. Ranked 3 in ELSS category. Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% .

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

IDFC Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (20 May 22)	₹90.96 ↑ 2.33 (2.63 %)
Net Assets (Cr)	₹3,742 on 30 Apr 22
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	2.06
Sharpe Ratio	1.58
Information Ratio	0.45
Alpha Ratio	5.15
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,000
30 Apr 18	₹12,522
30 Apr 19	₹11,764
30 Apr 20	₹9,100
30 Apr 21	₹16,141
30 Apr 22	₹20,389

IDFC Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 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 14 Jan 22

Duration	Returns
1 Month	-7.5%
3 Month	-5%
6 Month	-6.9%
1 Year	12.8%
3 Year	17.4%
5 Year	13.5%
10 Year
15 Year
Since launch	17.9%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2012	36.2%

Fund Manager information for IDFC Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	5.53 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Apr 22

Equity Sector Allocation

Sector	Value
Financial Services	24.34%
Consumer Cyclical	17.7%
Industrials	13.17%
Basic Materials	12.13%
Technology	11.37%
Health Care	6.92%
Energy	4.1%
Consumer Defensive	3.5%
Communication Services	2.77%

Asset Allocation

Asset Class	Value
Cash	4.01%
Equity	95.99%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	8%	₹282 Cr	3,800,000 ↑ 100,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	6%	₹219 Cr	1,400,000
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹174 Cr	3,500,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	4%	₹153 Cr	550,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	4%	₹145 Cr	1,050,000 ↑ 100,000
Tata Motors Ltd (Consumer Cyclical) Equity, Since 31 May 20 \| TATAMOTORS	3%	₹123 Cr	2,800,000
Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical) Equity, Since 31 Jul 19 \| GREENPANEL	3%	₹120 Cr	1,976,440 ↓ -123,560
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹103 Cr	1,400,000
Deepak Nitrite Ltd (Basic Materials) Equity, Since 31 Mar 17 \| DEEPAKNTR	3%	₹100 Cr	430,000 ↓ -10,000
Jindal Steel & Power Ltd (Basic Materials) Equity, Since 31 Mar 18 \| JINDALSTEL	3%	₹96 Cr	1,784,695 ↓ -15,305

5. Canara Robeco Equity Tax Saver

(ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of the scheme will be realized.

Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 19.3% since its launch. Ranked 36 in ELSS category. Return for 2021 was 35.1% , 2020 was 27.4% and 2019 was 10.7% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver Growth
Launch Date	2 Feb 09
NAV (20 May 22)	₹104.52 ↑ 2.15 (2.10 %)
Net Assets (Cr)	₹3,628 on 30 Apr 22
Category	Equity - ELSS
AMC	Canara Robeco Asset Management Co. Ltd.
Rating	☆
Risk	Moderately High
Expense Ratio	2.26
Sharpe Ratio	1.1
Information Ratio	0.34
Alpha Ratio	-2.23
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Apr 17	₹10,000
30 Apr 18	₹11,464
30 Apr 19	₹12,292
30 Apr 20	₹11,466
30 Apr 21	₹17,756
30 Apr 22	₹20,804

Canara Robeco Equity Tax Saver SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for Canara Robeco Equity Tax Saver

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

Duration	Returns
1 Month	-6%
3 Month	-8.4%
6 Month	-12.3%
1 Year	7.2%
3 Year	16.7%
5 Year	14.2%
10 Year
15 Year
Since launch	19.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2021	35.1%
2020	27.4%
2019	10.7%
2018	2.7%
2017	32%
2016	0%
2015	0.6%
2014	45.2%
2013	5.3%
2012	30%

Fund Manager information for Canara Robeco Equity Tax Saver

Name	Since	Tenure
Vishal Mishra	26 Jun 21	0.84 Yr.
Shridatta Bhandwaldar	1 Oct 19	2.58 Yr.

Data below for Canara Robeco Equity Tax Saver as on 30 Apr 22

Equity Sector Allocation

Sector	Value
Financial Services	28.63%
Consumer Cyclical	12.61%
Technology	12.17%
Industrials	9.14%
Basic Materials	8.63%
Consumer Defensive	7.03%
Energy	6.95%
Health Care	6.66%
Communication Services	2.37%
Utility	1.56%
Real Estate	1.47%

Asset Allocation

Asset Class	Value
Cash	2.77%
Equity	97.23%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 19 \| RELIANCE	7%	₹252 Cr	903,500 ↑ 185,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| ICICIBANK	7%	₹248 Cr	3,336,000 ↑ 50,000
Infosys Ltd (Technology) Equity, Since 31 Jul 18 \| INFY	7%	₹246 Cr	1,571,310 ↓ -50,000
HDFC Bank Ltd (Financial Services) Equity, Since 30 Nov 08 \| HDFCBANK	6%	₹231 Cr	1,667,184
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Jun 20 \| TCS	3%	₹115 Cr	323,712 ↓ -10,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 May 19 \| BAJFINANCE	3%	₹114 Cr	170,450
State Bank of India (Financial Services) Equity, Since 30 Nov 20 \| SBIN	3%	₹105 Cr	2,125,000 ↑ 425,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Dec 20 \| AXISBANK	3%	₹99 Cr	1,353,000 ↑ 435,000
UltraTech Cement Ltd (Basic Materials) Equity, Since 30 Apr 21 \| ULTRACEMCO	2%	₹89 Cr	133,500 ↑ 5,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Nov 21 \| BHARTIARTL	2%	₹86 Cr	1,165,000

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.