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5 Best ELSS Mutual Funds Investments in India for 2020
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
(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 Below is the key information for Canara Robeco Equity Tax Saver Returns up to 1 year are on 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 Below is the key information for Mirae Asset Tax Saver Fund Returns up to 1 year are on 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 Below is the key information for Axis Long Term Equity Fund Returns up to 1 year are on 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 Below is the key information for Invesco India Tax Plan Returns up to 1 year are on 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 Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on Assets >= 100 Crore & Sorted on 3 Year CAGR Return.
1. Canara Robeco Equity Tax Saver
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% . 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.
Date Value 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 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 20 Duration Returns 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
Year Returns 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
Name Since Tenure Shridatta Bhandwaldar 1 Oct 19 1 Yr. Cheenu Gupta 12 Mar 18 2.56 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Sep 20
Equity Sector Allocation
Sector Value Technology 24.05% Financial Services 21.96% Basic Materials 11.71% Consumer Cyclical 9.61% Energy 8.95% Health Care 8.38% Industrials 6.64% Consumer Defensive 4.14% Communication Services 0.89% Asset Allocation
Asset Class Value Cash 2.65% Equity 97.35% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY9% ₹108 Cr 1,074,500 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE9% ₹106 Cr 473,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹67 Cr 1,876,000
↑ 250,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK5% ₹59 Cr 543,184
↓ -105,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS4% ₹45 Cr 180,000
↓ -48,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000344% ₹42 Cr 126,650
↑ 7,500 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | 5006963% ₹35 Cr 168,330
↓ -54,000 Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Dec 18 | DIVISLAB3% ₹34 Cr 112,500
↓ -30,000 Voltas Ltd (Industrials)
Equity, Since 31 Jul 20 | VOLTAS2% ₹27 Cr 395,000
↑ 80,000 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 20 | 5407772% ₹26 Cr 473,000 2. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 15.3% since its launch. Return for 2019 was 14.1% , 2018 was -2.3% and 2017 was 47.9% . 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 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.
Date Value 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 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 20 Duration Returns 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
Year Returns 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
Name Since Tenure Neelesh Surana 28 Dec 15 4.76 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 32.83% Technology 12.35% Consumer Defensive 10% Industrials 8.11% Basic Materials 7.16% Energy 6.91% Consumer Cyclical 6.51% Health Care 6.46% Communication Services 3.51% Utility 2.98% Asset Allocation
Asset Class Value Cash 0.5% Equity 99.5% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK10% ₹401 Cr 3,595,722
↑ 295,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹261 Cr 6,621,412
↑ 450,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY6% ₹249 Cr 2,678,557 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE5% ₹195 Cr 938,876
↓ -160,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹170 Cr 3,418,766 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS4% ₹164 Cr 725,179 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL3% ₹143 Cr 2,785,000
↑ 1,375,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC3% ₹110 Cr 5,758,461 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN3% ₹107 Cr 5,053,799 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT3% ₹105 Cr 1,113,630
↓ -65,000 3. Axis Long Term Equity Fund
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% . 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.
Date Value 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 Returns for Axis Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 20 Duration Returns 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
Year Returns 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
Name Since Tenure Jinesh Gopani 1 Apr 11 9.51 Yr. Data below for Axis Long Term Equity Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 32.96% Consumer Cyclical 13.93% Consumer Defensive 12.6% Technology 11.82% Health Care 7.87% Basic Materials 7.38% Communication Services 6.54% Utility 3.74% Industrials 1.72% Asset Allocation
Asset Class Value Cash 1.44% Equity 98.56% Top Securities Holdings / Portfolio
Name Holding Value Quantity Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000348% ₹1,835 Cr 5,597,442
↑ 106,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 17 | TCS8% ₹1,788 Cr 7,173,985
↑ 600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK7% ₹1,500 Cr 13,905,723
↓ -415,000 Info Edge (India) Ltd (Communication Services)
Equity, Since 31 May 14 | NAUKRI7% ₹1,429 Cr 3,930,404
↑ 79,000 Nestle India Ltd (Consumer Defensive)
Equity, Since 31 Aug 14 | NESTLEIND6% ₹1,412 Cr 887,005
↑ 16,200 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 11 | KOTAKBANK6% ₹1,375 Cr 10,845,282
↓ -647,354 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Nov 10 | MARUTI6% ₹1,288 Cr 1,910,742
↓ -38,461 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 30 Apr 17 | 5403765% ₹1,152 Cr 5,227,586
↑ 408,000 Pidilite Industries Ltd (Basic Materials)
Equity, Since 30 Nov 14 | PIDILITIND5% ₹993 Cr 6,920,272 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Nov 17 | DIVISLAB4% ₹963 Cr 3,160,574
↓ -217,000 4. Invesco India Tax Plan
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% . 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.
Date Value 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 Returns for Invesco India Tax Plan
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 20 Duration Returns 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
Year Returns 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
Name Since Tenure Amit Nigam 3 Sep 20 0.07 Yr. Dhimant Kothari 29 Mar 18 2.51 Yr. Data below for Invesco India Tax Plan as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 26.88% Energy 11.49% Technology 11.06% Consumer Cyclical 10.2% Industrials 7.76% Basic Materials 7.48% Consumer Defensive 7.2% Utility 4.6% Health Care 4.39% Communication Services 3.94% Real Estate 0.56% Asset Allocation
Asset Class Value Cash 4.43% Equity 95.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 17 | RELIANCE11% ₹130 Cr 582,815 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 09 | HDFCBANK9% ₹102 Cr 948,078 Infosys Ltd (Technology)
Equity, Since 31 Dec 19 | INFY8% ₹96 Cr 950,093
↓ -59,282 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK6% ₹67 Cr 1,885,026 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Jun 19 | 5006964% ₹47 Cr 226,766 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 19 | KOTAKBANK4% ₹47 Cr 367,073
↓ -83,761 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL4% ₹45 Cr 1,061,837
↑ 284,509 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 20 | 5430663% ₹29 Cr 338,899 Vinati Organics Ltd (Basic Materials)
Equity, Since 29 Feb 20 | 5242002% ₹25 Cr 184,799
↑ 28,099 Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Mar 20 | 5329772% ₹24 Cr 81,676 5. BOI AXA Tax Advantage Fund
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% . 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.
Date Value 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 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Oct 20 Duration Returns 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
Year Returns 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
Name Since Tenure Aakash Manghani 15 Jul 19 1.21 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Sep 20
Equity Sector Allocation
Sector Value Financial Services 23.78% Basic Materials 17.72% Health Care 17.52% Technology 12.09% Consumer Cyclical 7.84% Energy 6.12% Industrials 4.47% Consumer Defensive 3.33% Communication Services 2.28% Utility 0.54% Asset Allocation
Asset Class Value Cash 2.2% Equity 97.8% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE6% ₹19 Cr 84,728
↓ -2,782 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹18 Cr 163,956
↓ -2,837 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND5% ₹14 Cr 71,295 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹10 Cr 33,163
↓ -2,102 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402223% ₹10 Cr 336,025
↓ -76,660 Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 5325043% ₹9 Cr 42,952 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK3% ₹9 Cr 72,782 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK3% ₹9 Cr 257,696
↓ -8,252 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY3% ₹9 Cr 87,279
↑ 6,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000342% ₹7 Cr 22,466
↑ 810
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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