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5 Best ELSS Mutual Funds Investments in India for 2023
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 2023 - 2024
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 Below is the key information for HDFC Long Term Advantage 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 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 primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to
avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time. However, there is no assurance that the investment objective
shall be realize" PGIM India Tax Savings Fund is a Equity - ELSS fund was launched on 11 Dec 15. It is a fund with Moderately High risk and has given a Below is the key information for PGIM India Tax Savings Fund Returns up to 1 year are on Assets >= 100 Crore & Sorted on 3 Year CAGR Return.
1. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.4% since its launch. Ranked 23 in ELSS category. . 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.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,610 31 Dec 19 ₹10,581 31 Dec 20 ₹11,798 31 Dec 21 ₹15,911
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 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
Year Returns 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Data below for HDFC Long Term Advantage Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.6% since its launch. Ranked 3 in ELSS category. Return for 2022 was 4.2% , 2021 was 49.2% and 2020 was 18.7% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (27 Jan 23) ₹98.588 ↓ -1.52 (-1.51 %) Net Assets (Cr) ₹4,026 on 31 Dec 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 0.03 Information Ratio 0.72 Alpha Ratio -0.51 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,060 31 Dec 19 ₹9,236 31 Dec 20 ₹10,963 31 Dec 21 ₹16,357 31 Dec 22 ₹17,044 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month -2.4% 3 Month -2.3% 6 Month 5.3% 1 Year 2.6% 3 Year 20.1% 5 Year 10% 10 Year 15 Year Since launch 17.6% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.2% 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% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 6.2 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 27.43% Consumer Cyclical 15.81% Industrials 11.96% Basic Materials 10.03% Technology 9.87% Health Care 6.4% Energy 3.67% Consumer Defensive 3.24% Communication Services 2.9% Utility 1.26% Asset Allocation
Asset Class Value Cash 7.42% Equity 92.58% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK9% ₹362 Cr 3,800,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY5% ₹221 Cr 1,350,000
↓ -50,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹211 Cr 3,500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹169 Cr 1,050,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹150 Cr 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322153% ₹126 Cr 1,400,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹119 Cr 1,400,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹114 Cr 2,600,000 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jul 20 | M&M3% ₹104 Cr 800,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | 5322862% ₹94 Cr 1,750,000
↓ -50,000 3. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 17.7% since its launch. Ranked 13 in ELSS category. Return for 2022 was -1.3% , 2021 was 41.5% and 2020 was 31.2% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (27 Jan 23) ₹97.13 ↓ -1.68 (-1.70 %) Net Assets (Cr) ₹693 on 31 Dec 22 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.54 Sharpe Ratio -0.3 Information Ratio 0.6 Alpha Ratio -5.83 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹8,366 31 Dec 19 ₹9,588 31 Dec 20 ₹12,579 31 Dec 21 ₹17,793 31 Dec 22 ₹17,570 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month -4% 3 Month -3.8% 6 Month 5.7% 1 Year 0.7% 3 Year 19.3% 5 Year 10.6% 10 Year 15 Year Since launch 17.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 -1.3% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 0.68 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 37.06% Consumer Cyclical 14.92% Basic Materials 9.62% Consumer Defensive 8.46% Industrials 7.68% Health Care 6.4% Energy 4.45% Technology 3.67% Utility 3.12% Real Estate 1.7% Communication Services 0.78% Asset Allocation
Asset Class Value Cash 2.07% Equity 97.86% Debt 0.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK7% ₹50 Cr 529,340 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN7% ₹46 Cr 770,000
↓ -20,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK6% ₹39 Cr 244,000
↑ 19,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324834% ₹28 Cr 895,000
↑ 25,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE4% ₹25 Cr 91,009 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹22 Cr 1,260,000 Varun Beverages Ltd (Consumer Defensive)
Equity, Since 28 Feb 22 | VBL3% ₹19 Cr 154,000
↓ -14,692 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5322153% ₹18 Cr 204,000 ITC Ltd (Consumer Defensive)
Equity, Since 31 May 22 | ITC2% ₹16 Cr 473,223 Balrampur Chini Mills Ltd (Consumer Defensive)
Equity, Since 30 Apr 22 | 5000382% ₹15 Cr 396,000
↑ 91,000 4. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 18.9% since its launch. Ranked 36 in ELSS category. Return for 2022 was -0.2% , 2021 was 35.1% and 2020 was 27.4% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (27 Jan 23) ₹112.93 ↓ -1.54 (-1.35 %) Net Assets (Cr) ₹4,559 on 31 Dec 22 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 2.11 Sharpe Ratio -0.26 Information Ratio 0.31 Alpha Ratio -4.89 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹10,268 31 Dec 19 ₹11,371 31 Dec 20 ₹14,482 31 Dec 21 ₹19,569 31 Dec 22 ₹19,536 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month -3.9% 3 Month -3.8% 6 Month 2.5% 1 Year -1.3% 3 Year 17.7% 5 Year 13.1% 10 Year 15 Year Since launch 18.9% Historical performance (Yearly) on absolute basis
Year Returns 2022 -0.2% 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% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 1.52 Yr. Shridatta Bhandwaldar 1 Oct 19 3.25 Yr. Data below for Canara Robeco Equity Tax Saver as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 33.49% Consumer Cyclical 14.28% Technology 10.07% Basic Materials 9.64% Industrials 8.13% Health Care 6.15% Consumer Defensive 5.39% Energy 4.43% Communication Services 2.25% Real Estate 1.59% Utility 1.54% Asset Allocation
Asset Class Value Cash 3.03% Equity 96.97% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK8% ₹380 Cr 3,991,000
↑ 50,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹328 Cr 2,037,184
↑ 145,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY7% ₹320 Cr 1,956,310
↑ 45,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE4% ₹203 Cr 743,500
↑ 25,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹201 Cr 3,330,000
↑ 550,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322154% ₹185 Cr 2,053,000
↑ 100,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS2% ₹110 Cr 323,712 UltraTech Cement Ltd (Basic Materials)
Equity, Since 30 Apr 21 | ULTRACEMCO2% ₹105 Cr 149,000
↑ 17,000 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 31 Oct 16 | HINDUNILVR2% ₹104 Cr 386,690 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL2% ₹103 Cr 1,215,000
↓ -50,000 5. PGIM India Tax Savings Fund
CAGR/Annualized return of 13.3% since its launch. Return for 2022 was 4.7% , 2021 was 37.5% and 2020 was 17.9% . PGIM India Tax Savings Fund
Growth Launch Date 11 Dec 15 NAV (27 Jan 23) ₹24.29 ↓ -0.28 (-1.14 %) Net Assets (Cr) ₹448 on 31 Dec 22 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 0 Sharpe Ratio 0.05 Information Ratio 0.45 Alpha Ratio 0.31 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 17 ₹10,000 31 Dec 18 ₹9,364 31 Dec 19 ₹10,131 31 Dec 20 ₹11,943 31 Dec 21 ₹16,418 31 Dec 22 ₹17,185 Returns for PGIM India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month -2.3% 3 Month -0.9% 6 Month 6% 1 Year 2.2% 3 Year 17.6% 5 Year 10.7% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 2022 4.7% 2021 37.5% 2020 17.9% 2019 8.2% 2018 -6.4% 2017 39.3% 2016 1.7% 2015 2014 2013 Fund Manager information for PGIM India Tax Savings Fund
Name Since Tenure Srinivas Ravuri 14 Sep 19 3.3 Yr. Puneet Pal 1 Dec 21 1.08 Yr. Utkarsh Katkoria 1 Jun 21 1.58 Yr. Data below for PGIM India Tax Savings Fund as on 31 Dec 22
Equity Sector Allocation
Sector Value Financial Services 34.86% Technology 9.71% Health Care 9.04% Industrials 8.14% Energy 6.98% Consumer Cyclical 6.71% Basic Materials 6.29% Utility 4.95% Communication Services 4.51% Consumer Defensive 4.18% Asset Allocation
Asset Class Value Cash 4.41% Equity 95.37% Debt 0.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK8% ₹35 Cr 370,500 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE6% ₹27 Cr 99,750 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY6% ₹26 Cr 161,129 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK5% ₹25 Cr 154,200 HDFC Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 22 | HDFCLIFE5% ₹22 Cr 377,700 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 19 | BHARTIARTL5% ₹20 Cr 240,805 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT4% ₹20 Cr 95,664 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5322154% ₹20 Cr 218,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 18 | SBIN4% ₹18 Cr 294,174 GAIL (India) Ltd (Utilities)
Equity, Since 31 Jan 22 | 5321553% ₹15 Cr 1,546,558
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