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5 Best ELSS Mutual Funds Investments in India for 2021
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
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 (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 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 Below is the key information for DSP BlackRock Tax Saver Fund Returns up to 1 year are on 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 Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on Assets >= 100 Crore & Sorted on 3 Year CAGR Return.
1. BOI AXA Tax Advantage Fund
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% . 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.
Date Value 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 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Aakash Manghani 15 Jul 19 2.21 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 24.44% Basic Materials 19.37% Technology 16.82% Health Care 12.88% Consumer Cyclical 10.02% Consumer Defensive 3.62% Communication Services 3.51% Industrials 3% Energy 2.22% Utility 1.16% Asset Allocation
Asset Class Value Cash 2.85% Equity 97.04% Debt 0.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹26 Cr 368,176 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹25 Cr 156,073
↑ 10,091 Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY4% ₹20 Cr 118,505 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 5000344% ₹19 Cr 25,368
↑ 1,720 Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB3% ₹18 Cr 37,159 PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND3% ₹16 Cr 51,325 Coforge Ltd (Technology)
Equity, Since 31 Jul 20 | 5325413% ₹14 Cr 26,640
↓ -2,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Aug 20 | 5064013% ₹14 Cr 57,023 Mphasis Ltd (Technology)
Equity, Since 31 Dec 20 | 5262993% ₹13 Cr 41,694
↑ 2,000 Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 5402222% ₹13 Cr 209,143
↓ -27,207 2. Canara Robeco Equity Tax Saver
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% . 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.
Date Value 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 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Vishal Mishra 26 Jun 21 0.26 Yr. Shridatta Bhandwaldar 1 Oct 19 2 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 33.72% Technology 14.08% Industrials 12.74% Consumer Cyclical 9.42% Health Care 6.51% Basic Materials 6.26% Consumer Defensive 5.19% Energy 3.69% Utility 1.66% Communication Services 1.07% Real Estate 0.87% Asset Allocation
Asset Class Value Cash 4.8% Equity 95.2% Top Securities Holdings / Portfolio
Name Holding Value Quantity Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY8% ₹215 Cr 1,281,310 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK8% ₹211 Cr 1,322,184 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK7% ₹190 Cr 2,706,000
↑ 200,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT4% ₹116 Cr 680,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFC4% ₹104 Cr 377,500
↑ 90,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE4% ₹102 Cr 405,500
↑ 195,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000344% ₹102 Cr 132,450 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹85 Cr 1,875,000
↑ 125,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS3% ₹83 Cr 218,815
↓ -70,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322153% ₹81 Cr 1,053,000
↑ 125,000 3. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 22.2% since its launch. Return for 2020 was 21.5% , 2019 was 14.1% and 2018 was -2.3% . 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 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.
Date Value 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 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Neelesh Surana 28 Dec 15 5.76 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 37.88% Basic Materials 12.17% Technology 11.76% Consumer Cyclical 9.01% Industrials 7.87% Health Care 6.74% Consumer Defensive 3.88% Communication Services 3.14% Utility 1.56% Energy 1.03% Asset Allocation
Asset Class Value Cash 0.53% Equity 99.47% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹829 Cr 5,194,722
↑ 215,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK7% ₹646 Cr 9,213,912
↓ -125,000 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY6% ₹588 Cr 3,511,693 Reliance Industries Limited
Equity, Since 30 Jun 21 | -4% ₹429 Cr 2,293,304
↓ -40,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322154% ₹421 Cr 5,486,266 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹385 Cr 8,503,799
↑ 345,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS4% ₹377 Cr 999,826 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL3% ₹309 Cr 4,491,889 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI2% ₹232 Cr 316,091
↑ 51,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC2% ₹221 Cr 801,263
↓ -35,000 4. DSP BlackRock Tax Saver Fund
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% . 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.
Date Value 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 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Rohit Singhania 16 Jul 15 6.21 Yr. Charanjit Singh 1 Jan 21 0.75 Yr. Data below for DSP BlackRock Tax Saver Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 40.2% Basic Materials 12.62% Technology 9.53% Consumer Cyclical 9.05% Industrials 8.96% Utility 5.8% Health Care 4.92% Communication Services 2.96% Consumer Defensive 2.62% Energy 1.9% Asset Allocation
Asset Class Value Cash 1.39% Equity 98.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹864 Cr 12,333,841
↑ 471,826 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK7% ₹662 Cr 4,149,624
↑ 95,103 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY6% ₹568 Cr 3,388,611
↓ -429,789 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322154% ₹426 Cr 5,553,541 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN4% ₹342 Cr 7,545,359
↓ -2,085,883 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL3% ₹289 Cr 4,193,625
↓ -1,009,071 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH3% ₹285 Cr 2,226,733
↑ 557,360 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Jan 21 | 5329783% ₹273 Cr 153,390
↓ -11,757 Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 20 | TATASTEEL3% ₹270 Cr 2,097,047
↓ -504,661 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 May 21 | KOTAKBANK3% ₹254 Cr 1,265,829
↑ 67,921 5. IDFC Tax Advantage (ELSS) Fund
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% . 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.
Date Value 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 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 26 Oct 21 Duration Returns 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
Year Returns 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
Name Since Tenure Daylynn Pinto 20 Oct 16 4.95 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 23.04% Consumer Cyclical 15.94% Industrials 14.67% Basic Materials 14.26% Technology 13.88% Energy 5.16% Health Care 4.36% Consumer Defensive 3.53% Communication Services 3% Asset Allocation
Asset Class Value Cash 2.12% Equity 97.88% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK7% ₹252 Cr 3,600,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY7% ₹230 Cr 1,375,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹163 Cr 3,600,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹152 Cr 950,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹139 Cr 550,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | 5064014% ₹131 Cr 545,000
↓ -55,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹103 Cr 1,500,000
↓ -200,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹100 Cr 3,000,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Nov 20 | HCLTECH3% ₹90 Cr 700,000 KEC International Ltd (Industrials)
Equity, Since 30 Sep 15 | 5327142% ₹75 Cr 1,700,000
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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Nice article