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5 Best Performing ELSS Mutual Funds 2020 | Fincash.com

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5 Best ELSS Mutual Funds Investments in India for 2020

Updated on October 19, 2020 , 9207 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 2020 - 2021

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

1. 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 18.8% since its launch.  Ranked 36 in ELSS category.  Return for 2019 was 10.7% , 2018 was 2.7% and 2017 was 32% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (21 Oct 20) ₹75 ↓ -0.11   (-0.15 %)
Net Assets (Cr) ₹1,181 on 30 Sep 20
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.32
Sharpe Ratio 0.33
Information Ratio 0.64
Alpha Ratio 9.66
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,903
30 Sep 17₹12,345
30 Sep 18₹13,510
30 Sep 19₹14,593
30 Sep 20₹16,136

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 ₹395,578.
Net Profit of ₹95,578
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 21 Oct 20

DurationReturns
1 Month 5%
3 Month 10.2%
6 Month 29.2%
1 Year 12.9%
3 Year 9.7%
5 Year 10.1%
10 Year
15 Year
Since launch 18.8%
Historical performance (Yearly) on absolute basis
YearReturns
2019 10.7%
2018 2.7%
2017 32%
2016 0%
2015 0.6%
2014 45.2%
2013 5.3%
2012 30%
2011 -16.3%
2010 24.9%
Fund Manager information for Canara Robeco Equity Tax Saver
NameSinceTenure
Shridatta Bhandwaldar1 Oct 191 Yr.
Cheenu Gupta12 Mar 182.56 Yr.

Data below for Canara Robeco Equity Tax Saver as on 30 Sep 20

Equity Sector Allocation
SectorValue
Technology24.05%
Financial Services21.96%
Basic Materials11.71%
Consumer Cyclical9.61%
Energy8.95%
Health Care8.38%
Industrials6.64%
Consumer Defensive4.14%
Communication Services0.89%
Asset Allocation
Asset ClassValue
Cash2.65%
Equity97.35%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
9%₹108 Cr1,074,500
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
9%₹106 Cr473,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
6%₹67 Cr1,876,000
↑ 250,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
5%₹59 Cr543,184
↓ -105,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
4%₹45 Cr180,000
↓ -48,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
4%₹42 Cr126,650
↑ 7,500
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 500696
3%₹35 Cr168,330
↓ -54,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB
3%₹34 Cr112,500
↓ -30,000
Voltas Ltd (Industrials)
Equity, Since 31 Jul 20 | VOLTAS
2%₹27 Cr395,000
↑ 80,000
HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 20 | 540777
2%₹26 Cr473,000

2. 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 15.3% since its launch.  Return for 2019 was 14.1% , 2018 was -2.3% and 2017 was 47.9% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (21 Oct 20) ₹19.833 ↑ 0.10   (0.49 %)
Net Assets (Cr) ₹4,270 on 30 Sep 20
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.63
Sharpe Ratio 0.23
Information Ratio 0.86
Alpha Ratio 7.42
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹11,930
30 Sep 17₹15,171
30 Sep 18₹16,179
30 Sep 19₹17,610
30 Sep 20₹18,836

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 ₹367,070.
Net Profit of ₹67,070
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 21 Oct 20

DurationReturns
1 Month 5.3%
3 Month 10.4%
6 Month 35.3%
1 Year 10.7%
3 Year 7.7%
5 Year
10 Year
15 Year
Since launch 15.3%
Historical performance (Yearly) on absolute basis
YearReturns
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
2011
2010
Fund Manager information for Mirae Asset Tax Saver Fund
NameSinceTenure
Neelesh Surana28 Dec 154.76 Yr.

Data below for Mirae Asset Tax Saver Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services32.83%
Technology12.35%
Consumer Defensive10%
Industrials8.11%
Basic Materials7.16%
Energy6.91%
Consumer Cyclical6.51%
Health Care6.46%
Communication Services3.51%
Utility2.98%
Asset Allocation
Asset ClassValue
Cash0.5%
Equity99.5%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
10%₹401 Cr3,595,722
↑ 295,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹261 Cr6,621,412
↑ 450,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
6%₹249 Cr2,678,557
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
5%₹195 Cr938,876
↓ -160,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
4%₹170 Cr3,418,766
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
4%₹164 Cr725,179
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
3%₹143 Cr2,785,000
↑ 1,375,000
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC
3%₹110 Cr5,758,461
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
3%₹107 Cr5,053,799
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
3%₹105 Cr1,113,630
↓ -65,000

3. Axis Long Term Equity Fund

To generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Axis Long Term Equity Fund is a Equity - ELSS fund was launched on 29 Dec 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.5% since its launch.  Ranked 20 in ELSS category.  Return for 2019 was 14.8% , 2018 was 2.7% and 2017 was 37.4% .

Below is the key information for Axis Long Term Equity Fund

Axis Long Term Equity Fund
Growth
Launch Date 29 Dec 09
NAV (21 Oct 20) ₹47.6758 ↓ -0.11   (-0.23 %)
Net Assets (Cr) ₹21,836 on 30 Sep 20
Category Equity - ELSS
AMC Axis Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.72
Sharpe Ratio -0.07
Information Ratio 0.18
Alpha Ratio -2.93
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,800
30 Sep 17₹12,640
30 Sep 18₹13,656
30 Sep 19₹15,310
30 Sep 20₹15,192

Axis 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 ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for Axis 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 21 Oct 20

DurationReturns
1 Month 3.9%
3 Month 5.9%
6 Month 20.5%
1 Year -0.7%
3 Year 6.2%
5 Year 8.8%
10 Year
15 Year
Since launch 15.5%
Historical performance (Yearly) on absolute basis
YearReturns
2019 14.8%
2018 2.7%
2017 37.4%
2016 -0.7%
2015 6.7%
2014 66.2%
2013 16.5%
2012 33.7%
2011 -14.8%
2010 30%
Fund Manager information for Axis Long Term Equity Fund
NameSinceTenure
Jinesh Gopani1 Apr 119.51 Yr.

Data below for Axis Long Term Equity Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services32.96%
Consumer Cyclical13.93%
Consumer Defensive12.6%
Technology11.82%
Health Care7.87%
Basic Materials7.38%
Communication Services6.54%
Utility3.74%
Industrials1.72%
Asset Allocation
Asset ClassValue
Cash1.44%
Equity98.56%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
8%₹1,835 Cr5,597,442
↑ 106,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS
8%₹1,788 Cr7,173,985
↑ 600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
7%₹1,500 Cr13,905,723
↓ -415,000
Info Edge (India) Ltd (Communication Services)
Equity, Since 31 May 14 | NAUKRI
7%₹1,429 Cr3,930,404
↑ 79,000
Nestle India Ltd (Consumer Defensive)
Equity, Since 31 Aug 14 | NESTLEIND
6%₹1,412 Cr887,005
↑ 16,200
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK
6%₹1,375 Cr10,845,282
↓ -647,354
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 10 | MARUTI
6%₹1,288 Cr1,910,742
↓ -38,461
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 540376
5%₹1,152 Cr5,227,586
↑ 408,000
Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND
5%₹993 Cr6,920,272
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 17 | DIVISLAB
4%₹963 Cr3,160,574
↓ -217,000

4. Invesco India Tax Plan

The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 13.1% since its launch.  Ranked 17 in ELSS category.  Return for 2019 was 9.4% , 2018 was -1.3% and 2017 was 35.7% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (21 Oct 20) ₹54.86 ↑ 0.21   (0.38 %)
Net Assets (Cr) ₹1,134 on 30 Sep 20
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.21
Sharpe Ratio 0.14
Information Ratio 0.21
Alpha Ratio 2.98
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,988
30 Sep 17₹12,632
30 Sep 18₹13,908
30 Sep 19₹14,411
30 Sep 20₹15,006

Invesco India Tax Plan SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357
Invest Now

Returns for Invesco India Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 20

DurationReturns
1 Month 3.7%
3 Month 6.8%
6 Month 28.8%
1 Year 6.3%
3 Year 6%
5 Year 8.9%
10 Year
15 Year
Since launch 13.1%
Historical performance (Yearly) on absolute basis
YearReturns
2019 9.4%
2018 -1.3%
2017 35.7%
2016 3.4%
2015 5.8%
2014 54.3%
2013 10.1%
2012 30.3%
2011 -18.9%
2010 22.1%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Nigam3 Sep 200.07 Yr.
Dhimant Kothari29 Mar 182.51 Yr.

Data below for Invesco India Tax Plan as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services26.88%
Energy11.49%
Technology11.06%
Consumer Cyclical10.2%
Industrials7.76%
Basic Materials7.48%
Consumer Defensive7.2%
Utility4.6%
Health Care4.39%
Communication Services3.94%
Real Estate0.56%
Asset Allocation
Asset ClassValue
Cash4.43%
Equity95.57%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE
11%₹130 Cr582,815
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK
9%₹102 Cr948,078
Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY
8%₹96 Cr950,093
↓ -59,282
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
6%₹67 Cr1,885,026
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 500696
4%₹47 Cr226,766
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK
4%₹47 Cr367,073
↓ -83,761
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL
4%₹45 Cr1,061,837
↑ 284,509
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 20 | 543066
3%₹29 Cr338,899
Vinati Organics Ltd (Basic Materials)
Equity, Since 29 Feb 20 | 524200
2%₹25 Cr184,799
↑ 28,099
Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 532977
2%₹24 Cr81,676

5. 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% since its launch.  Ranked 13 in ELSS category.  Return for 2019 was 14.6% , 2018 was -16.3% and 2017 was 57.7% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (21 Oct 20) ₹62.58 ↑ 0.03   (0.05 %)
Net Assets (Cr) ₹309 on 30 Sep 20
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.67
Sharpe Ratio 0.5
Information Ratio 0.29
Alpha Ratio 12.77
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 15₹10,000
30 Sep 16₹10,827
30 Sep 17₹13,180
30 Sep 18₹12,667
30 Sep 19₹13,783
30 Sep 20₹16,019

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 ₹395,578.
Net Profit of ₹95,578
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 21 Oct 20

DurationReturns
1 Month 4%
3 Month 13.5%
6 Month 30.3%
1 Year 17.8%
3 Year 5.9%
5 Year 10.2%
10 Year
15 Year
Since launch 17%
Historical performance (Yearly) on absolute basis
YearReturns
2019 14.6%
2018 -16.3%
2017 57.7%
2016 -1.2%
2015 2.1%
2014 44%
2013 9.1%
2012 24.8%
2011 -24.1%
2010 5.9%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Aakash Manghani15 Jul 191.21 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Sep 20

Equity Sector Allocation
SectorValue
Financial Services23.78%
Basic Materials17.72%
Health Care17.52%
Technology12.09%
Consumer Cyclical7.84%
Energy6.12%
Industrials4.47%
Consumer Defensive3.33%
Communication Services2.28%
Utility0.54%
Asset Allocation
Asset ClassValue
Cash2.2%
Equity97.8%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
6%₹19 Cr84,728
↓ -2,782
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
6%₹18 Cr163,956
↓ -2,837
PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND
5%₹14 Cr71,295
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB
3%₹10 Cr33,163
↓ -2,102
Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 540222
3%₹10 Cr336,025
↓ -76,660
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 532504
3%₹9 Cr42,952
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
3%₹9 Cr72,782
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
3%₹9 Cr257,696
↓ -8,252
Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY
3%₹9 Cr87,279
↑ 6,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 500034
2%₹7 Cr22,466
↑ 810

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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