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5 Best Performing ELSS Mutual Funds 2021 | Fincash.com

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5 Best ELSS Mutual Funds Investments in India for 2021

Updated on October 24, 2021 , 25403 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 2021 - 2022

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

1. 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 20.1% since its launch.  Ranked 13 in ELSS category.  Return for 2020 was 31.2% , 2019 was 14.6% and 2018 was -16.3% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (26 Oct 21) ₹102.25 ↑ 1.58   (1.57 %)
Net Assets (Cr) ₹517 on 30 Sep 21
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.56
Sharpe Ratio 4.12
Information Ratio 1.11
Alpha Ratio 15.37
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹12,173
30 Sep 18₹11,699
30 Sep 19₹12,730
30 Sep 20₹14,795
30 Sep 21₹24,531

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 ₹493,520.
Net Profit of ₹193,520
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 26 Oct 21

DurationReturns
1 Month -0.5%
3 Month 8.6%
6 Month 28.1%
1 Year 65.8%
3 Year 31.8%
5 Year 19.7%
10 Year
15 Year
Since launch 20.1%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2011 -24.1%
Fund Manager information for BOI AXA Tax Advantage Fund
NameSinceTenure
Aakash Manghani15 Jul 192.21 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services24.44%
Basic Materials19.37%
Technology16.82%
Health Care12.88%
Consumer Cyclical10.02%
Consumer Defensive3.62%
Communication Services3.51%
Industrials3%
Energy2.22%
Utility1.16%
Asset Allocation
Asset ClassValue
Cash2.85%
Equity97.04%
Debt0.11%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
5%₹26 Cr368,176
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹25 Cr156,073
↑ 10,091
Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY
4%₹20 Cr118,505
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 500034
4%₹19 Cr25,368
↑ 1,720
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB
3%₹18 Cr37,159
PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND
3%₹16 Cr51,325
Coforge Ltd (Technology)
Equity, Since 31 Jul 20 | 532541
3%₹14 Cr26,640
↓ -2,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Aug 20 | 506401
3%₹14 Cr57,023
Mphasis Ltd (Technology)
Equity, Since 31 Dec 20 | 526299
3%₹13 Cr41,694
↑ 2,000
Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 540222
2%₹13 Cr209,143
↓ -27,207

2. 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 21.5% since its launch.  Ranked 36 in ELSS category.  Return for 2020 was 27.4% , 2019 was 10.7% and 2018 was 2.7% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (26 Oct 21) ₹119.87 ↑ 1.26   (1.06 %)
Net Assets (Cr) ₹2,772 on 30 Sep 21
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.26
Sharpe Ratio 3.67
Information Ratio 0.82
Alpha Ratio 8.97
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹11,323
30 Sep 18₹12,392
30 Sep 19₹13,385
30 Sep 20₹14,800
30 Sep 21₹23,567

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 ₹493,520.
Net Profit of ₹193,520
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 26 Oct 21

DurationReturns
1 Month 2.6%
3 Month 11.9%
6 Month 28.8%
1 Year 61.7%
3 Year 29%
5 Year 19.5%
10 Year
15 Year
Since launch 21.5%
Historical performance (Yearly) on absolute basis
YearReturns
2020 27.4%
2019 10.7%
2018 2.7%
2017 32%
2016 0%
2015 0.6%
2014 45.2%
2013 5.3%
2012 30%
2011 -16.3%
Fund Manager information for Canara Robeco Equity Tax Saver
NameSinceTenure
Vishal Mishra26 Jun 210.26 Yr.
Shridatta Bhandwaldar1 Oct 192 Yr.

Data below for Canara Robeco Equity Tax Saver as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services33.72%
Technology14.08%
Industrials12.74%
Consumer Cyclical9.42%
Health Care6.51%
Basic Materials6.26%
Consumer Defensive5.19%
Energy3.69%
Utility1.66%
Communication Services1.07%
Real Estate0.87%
Asset Allocation
Asset ClassValue
Cash4.8%
Equity95.2%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
8%₹215 Cr1,281,310
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
8%₹211 Cr1,322,184
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
7%₹190 Cr2,706,000
↑ 200,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT
4%₹116 Cr680,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFC
4%₹104 Cr377,500
↑ 90,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
4%₹102 Cr405,500
↑ 195,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
4%₹102 Cr132,450
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
3%₹85 Cr1,875,000
↑ 125,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
3%₹83 Cr218,815
↓ -70,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
3%₹81 Cr1,053,000
↑ 125,000

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 22.2% since its launch.  Return for 2020 was 21.5% , 2019 was 14.1% and 2018 was -2.3% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (26 Oct 21) ₹32.21 ↑ 0.30   (0.93 %)
Net Assets (Cr) ₹9,832 on 30 Sep 21
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.4
Sharpe Ratio 3.77
Information Ratio 1.48
Alpha Ratio 8.07
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹12,717
30 Sep 18₹13,562
30 Sep 19₹14,761
30 Sep 20₹15,789
30 Sep 21₹25,942

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 ₹505,644.
Net Profit of ₹205,644
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 26 Oct 21

DurationReturns
1 Month 2.7%
3 Month 12.2%
6 Month 27.7%
1 Year 63.8%
3 Year 28%
5 Year 20.9%
10 Year
15 Year
Since launch 22.2%
Historical performance (Yearly) on absolute basis
YearReturns
2020 21.5%
2019 14.1%
2018 -2.3%
2017 47.9%
2016 14.8%
2015
2014
2013
2012
2011
Fund Manager information for Mirae Asset Tax Saver Fund
NameSinceTenure
Neelesh Surana28 Dec 155.76 Yr.

Data below for Mirae Asset Tax Saver Fund as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services37.88%
Basic Materials12.17%
Technology11.76%
Consumer Cyclical9.01%
Industrials7.87%
Health Care6.74%
Consumer Defensive3.88%
Communication Services3.14%
Utility1.56%
Energy1.03%
Asset Allocation
Asset ClassValue
Cash0.53%
Equity99.47%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
8%₹829 Cr5,194,722
↑ 215,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹646 Cr9,213,912
↓ -125,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
6%₹588 Cr3,511,693
Reliance Industries Limited
Equity, Since 30 Jun 21 | -
4%₹429 Cr2,293,304
↓ -40,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
4%₹421 Cr5,486,266
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
4%₹385 Cr8,503,799
↑ 345,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
4%₹377 Cr999,826
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
3%₹309 Cr4,491,889
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI
2%₹232 Cr316,091
↑ 51,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC
2%₹221 Cr801,263
↓ -35,000

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 15.5% since its launch.  Ranked 12 in ELSS category.  Return for 2020 was 15% , 2019 was 14.8% and 2018 was -7.6% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (26 Oct 21) ₹84.084 ↑ 0.84   (1.01 %)
Net Assets (Cr) ₹9,756 on 30 Sep 21
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.87
Sharpe Ratio 3.96
Information Ratio 0.88
Alpha Ratio 9.96
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹11,648
30 Sep 18₹11,557
30 Sep 19₹12,954
30 Sep 20₹12,588
30 Sep 21₹21,403

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 ₹458,689.
Net Profit of ₹158,689
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 26 Oct 21

DurationReturns
1 Month 2.2%
3 Month 9.9%
6 Month 28.8%
1 Year 68.9%
3 Year 27.3%
5 Year 16.7%
10 Year
15 Year
Since launch 15.5%
Historical performance (Yearly) on absolute basis
YearReturns
2020 15%
2019 14.8%
2018 -7.6%
2017 36.3%
2016 11.3%
2015 4.4%
2014 52.2%
2013 6.7%
2012 39.8%
2011 -26.7%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 156.21 Yr.
Charanjit Singh1 Jan 210.75 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services40.2%
Basic Materials12.62%
Technology9.53%
Consumer Cyclical9.05%
Industrials8.96%
Utility5.8%
Health Care4.92%
Communication Services2.96%
Consumer Defensive2.62%
Energy1.9%
Asset Allocation
Asset ClassValue
Cash1.39%
Equity98.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
9%₹864 Cr12,333,841
↑ 471,826
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹662 Cr4,149,624
↑ 95,103
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
6%₹568 Cr3,388,611
↓ -429,789
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹426 Cr5,553,541
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹342 Cr7,545,359
↓ -2,085,883
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
3%₹289 Cr4,193,625
↓ -1,009,071
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH
3%₹285 Cr2,226,733
↑ 557,360
Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Jan 21 | 532978
3%₹273 Cr153,390
↓ -11,757
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 20 | TATASTEEL
3%₹270 Cr2,097,047
↓ -504,661
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 21 | KOTAKBANK
3%₹254 Cr1,265,829
↑ 67,921

5. 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 19.6% since its launch.  Ranked 3 in ELSS category.  Return for 2020 was 18.7% , 2019 was 1.9% and 2018 was -9.4% .

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

IDFC Tax Advantage (ELSS) Fund
Growth
Launch Date 26 Dec 08
NAV (26 Oct 21) ₹99.56 ↑ 1.67   (1.71 %)
Net Assets (Cr) ₹3,439 on 30 Sep 21
Category Equity - ELSS
AMC IDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.06
Sharpe Ratio 3.7
Information Ratio 0.14
Alpha Ratio 16.83
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Sep 16₹10,000
30 Sep 17₹12,741
30 Sep 18₹12,946
30 Sep 19₹12,796
30 Sep 20₹12,917
30 Sep 21₹22,718

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 ₹481,656.
Net Profit of ₹181,656
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 26 Oct 21

DurationReturns
1 Month 4.9%
3 Month 13%
6 Month 31.4%
1 Year 83.3%
3 Year 25.7%
5 Year 18.4%
10 Year
15 Year
Since launch 19.6%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2011 -23.3%
Fund Manager information for IDFC Tax Advantage (ELSS) Fund
NameSinceTenure
Daylynn Pinto20 Oct 164.95 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Sep 21

Equity Sector Allocation
SectorValue
Financial Services23.04%
Consumer Cyclical15.94%
Industrials14.67%
Basic Materials14.26%
Technology13.88%
Energy5.16%
Health Care4.36%
Consumer Defensive3.53%
Communication Services3%
Asset Allocation
Asset ClassValue
Cash2.12%
Equity97.88%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK
7%₹252 Cr3,600,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
7%₹230 Cr1,375,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹163 Cr3,600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK
4%₹152 Cr950,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE
4%₹139 Cr550,000
Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 506401
4%₹131 Cr545,000
↓ -55,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL
3%₹103 Cr1,500,000
↓ -200,000
Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS
3%₹100 Cr3,000,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 20 | HCLTECH
3%₹90 Cr700,000
KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 532714
2%₹75 Cr1,700,000

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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