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5 Best Performing ELSS Mutual Funds 2022 | Fincash.com

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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.

DateValue
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

   
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

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

DurationReturns
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
YearReturns
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

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.

DateValue
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

   
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 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

DurationReturns
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
YearReturns
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
NameSinceTenure
Aakash Manghani15 Jul 192.8 Yr.
Alok Singh27 Apr 220.01 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services31.31%
Technology13.96%
Consumer Cyclical13.9%
Basic Materials12.71%
Health Care7.42%
Industrials6.93%
Consumer Defensive3.58%
Energy3.31%
Communication Services2.66%
Real Estate1.01%
Asset Allocation
Asset ClassValue
Cash3.12%
Equity96.79%
Debt0.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
6%₹39 Cr519,840
↑ 46,659
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹28 Cr202,169
↓ -8,457
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
4%₹25 Cr87,880
↑ 13,500
Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY
4%₹24 Cr155,489
↓ -4,381
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | BAJFINANCE
3%₹19 Cr28,188
↓ -4,398
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
3%₹16 Cr330,426
↑ 56,427
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jan 18 | CHOLAFIN
3%₹16 Cr212,404
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
2%₹13 Cr75,364
↓ -4,000
Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL
2%₹11 Cr104,928
↑ 26,533
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | AXISBANK
2%₹11 Cr154,028
↑ 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.

DateValue
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

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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

DurationReturns
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
YearReturns
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
NameSinceTenure
Neelesh Surana28 Dec 156.35 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services34.47%
Technology13.7%
Basic Materials9.06%
Industrials8.15%
Consumer Cyclical8.09%
Energy7.6%
Health Care7.25%
Consumer Defensive5.77%
Utility2.81%
Communication Services1.84%
Asset Allocation
Asset ClassValue
Cash1.26%
Equity98.74%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
8%₹889 Cr4,661,691
↓ -60,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
7%₹842 Cr5,729,722
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹784 Cr10,733,912
↑ 25,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
6%₹744 Cr2,824,180
↑ 40,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
4%₹501 Cr6,586,266
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
4%₹414 Cr8,383,799
↓ -50,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
3%₹324 Cr865,537
↓ -59,289
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
3%₹297 Cr1,677,630
↑ 180,000
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 Dec 15 | SUNPHARMA
2%₹282 Cr3,082,209
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
2%₹253 Cr2,177,500

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.

DateValue
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

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual 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

DurationReturns
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
YearReturns
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
NameSinceTenure
Daylynn Pinto20 Oct 165.53 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services24.34%
Consumer Cyclical17.7%
Industrials13.17%
Basic Materials12.13%
Technology11.37%
Health Care6.92%
Energy4.1%
Consumer Defensive3.5%
Communication Services2.77%
Asset Allocation
Asset ClassValue
Cash4.01%
Equity95.99%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
8%₹282 Cr3,800,000
↑ 100,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
6%₹219 Cr1,400,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹174 Cr3,500,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹153 Cr550,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹145 Cr1,050,000
↑ 100,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹123 Cr2,800,000
Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | GREENPANEL
3%₹120 Cr1,976,440
↓ -123,560
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹103 Cr1,400,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | DEEPAKNTR
3%₹100 Cr430,000
↓ -10,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL
3%₹96 Cr1,784,695
↓ -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.

DateValue
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

   
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 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

DurationReturns
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
YearReturns
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
NameSinceTenure
Vishal Mishra26 Jun 210.84 Yr.
Shridatta Bhandwaldar1 Oct 192.58 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services28.63%
Consumer Cyclical12.61%
Technology12.17%
Industrials9.14%
Basic Materials8.63%
Consumer Defensive7.03%
Energy6.95%
Health Care6.66%
Communication Services2.37%
Utility1.56%
Real Estate1.47%
Asset Allocation
Asset ClassValue
Cash2.77%
Equity97.23%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
7%₹252 Cr903,500
↑ 185,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
7%₹248 Cr3,336,000
↑ 50,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
7%₹246 Cr1,571,310
↓ -50,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
6%₹231 Cr1,667,184
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
3%₹115 Cr323,712
↓ -10,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | BAJFINANCE
3%₹114 Cr170,450
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
3%₹105 Cr2,125,000
↑ 425,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK
3%₹99 Cr1,353,000
↑ 435,000
UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Apr 21 | ULTRACEMCO
2%₹89 Cr133,500
↑ 5,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL
2%₹86 Cr1,165,000

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.
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Tulasi, posted on 4 Sep 21 7:02 AM

Nice article

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