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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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To deliver the benefit of investment in a portfolio of equity shares, while offering
deduction on such investment made in the scheme under section 80C of the
Income-tax Act, 1961. It also seeks to distribute income periodically depending
on distributable surplus. Investments in this scheme would be subject to a
statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits. SBI Magnum Tax Gain Fund is a Equity - ELSS fund was launched on 7 May 07. It is a fund with Moderately High risk and has given a Below is the key information for SBI Magnum Tax Gain Fund Returns up to 1 year are on The fund plans to provide long term growth of capital. HDFC Tax Saver Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Tax Saver 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 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 will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized. IDBI Equity Advantage Fund is a Equity - ELSS fund was launched on 10 Sep 13. It is a fund with Moderately High risk and has given a Below is the key information for IDBI Equity Advantage Fund Returns up to 1 year are on Assets >= 100 Crore
& Sorted on 3 Year CAGR Return
.
1. SBI Magnum Tax Gain Fund
CAGR/Annualized
return of 13.1% since its launch. Ranked 31 in ELSS
category. Return for 2023 was 40% , 2022 was 6.9% and 2021 was 31% . SBI Magnum Tax Gain Fund
Growth Launch Date 7 May 07 NAV (15 Mar 24) ₹361.809 ↓ -2.51 (-0.69 %) Net Assets (Cr) ₹20,085 on 31 Jan 24 Category Equity - ELSS AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.79 Sharpe Ratio 2.75 Information Ratio 1.16 Alpha Ratio 12.31 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,138 28 Feb 21 ₹13,429 28 Feb 22 ₹15,572 28 Feb 23 ₹17,245 29 Feb 24 ₹27,256 Returns for SBI Magnum Tax Gain Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -0.7% 3 Month 11% 6 Month 21.5% 1 Year 56.9% 3 Year 25.1% 5 Year 20.5% 10 Year 15 Year Since launch 13.1% Historical performance (Yearly) on absolute basis
Year Returns 2023 40% 2022 6.9% 2021 31% 2020 18.9% 2019 4% 2018 -8.3% 2017 33% 2016 2.1% 2015 3.2% 2014 49.1% Fund Manager information for SBI Magnum Tax Gain Fund
Name Since Tenure Dinesh Balachandran 10 Sep 16 7.48 Yr. Data below for SBI Magnum Tax Gain Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 22.62% Industrials 15.34% Consumer Cyclical 9.81% Health Care 8.58% Energy 8.36% Basic Materials 7.81% Technology 7.67% Utility 6% Communication Services 3.24% Consumer Defensive 3.1% Real Estate 0.83% Asset Allocation
Asset Class Value Cash 6.63% Equity 93.37% Top Securities Holdings / Portfolio
Name Holding Value Quantity GE T&D India Ltd (Industrials)
Equity, Since 30 Sep 16 | 5222754% ₹906 Cr 9,944,328
↓ -1,250,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK4% ₹780 Cr 7,416,237 Cummins India Ltd (Industrials)
Equity, Since 28 Feb 19 | 5004804% ₹757 Cr 2,763,190 Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | 5327793% ₹674 Cr 6,252,617 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M3% ₹660 Cr 3,415,083 State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN3% ₹654 Cr 8,735,639 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL3% ₹625 Cr 5,563,576 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK3% ₹595 Cr 4,243,253 GAIL (India) Ltd (Utilities)
Equity, Since 30 Nov 21 | 5321553% ₹587 Cr 32,193,555 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE3% ₹566 Cr 1,937,574 2. HDFC Tax Saver Fund
CAGR/Annualized
return of since its launch. Ranked 27 in ELSS
category. Return for 2023 was 33.2% , 2022 was 10.5% and 2021 was 35.3% . HDFC Tax Saver Fund
Growth Launch Date 31 Mar 96 NAV (15 Mar 24) ₹1,144.85 ↓ -7.59 (-0.66 %) Net Assets (Cr) ₹13,441 on 31 Jan 24 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.84 Sharpe Ratio 2.41 Information Ratio 1.5 Alpha Ratio 5.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹9,639 28 Feb 21 ₹12,010 28 Feb 22 ₹14,463 28 Feb 23 ₹16,349 29 Feb 24 ₹23,706 Returns for HDFC Tax Saver Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 0.1% 3 Month 5.9% 6 Month 17.2% 1 Year 45.8% 3 Year 24.4% 5 Year 17.2% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2023 33.2% 2022 10.5% 2021 35.3% 2020 5.8% 2019 3.7% 2018 -10.9% 2017 38.7% 2016 7.6% 2015 -6.2% 2014 56.4% Fund Manager information for HDFC Tax Saver Fund
Name Since Tenure Roshi Jain 13 Jan 22 2.13 Yr. Dhruv Muchhal 22 Jun 23 0.69 Yr. Data below for HDFC Tax Saver Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 36.53% Health Care 12.53% Technology 10.28% Industrials 9.39% Consumer Cyclical 6.94% Utility 5.62% Communication Services 5.35% Real Estate 2.54% Energy 1.71% Basic Materials 0.71% Asset Allocation
Asset Class Value Cash 8.39% Equity 91.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK10% ₹1,285 Cr 12,500,000
↑ 500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK9% ₹1,250 Cr 8,550,000
↑ 1,250,000 HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH5% ₹725 Cr 4,600,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jan 22 | HAL5% ₹720 Cr 2,400,000
↓ -300,000 Cipla Ltd (Healthcare)
Equity, Since 31 Oct 09 | 5000875% ₹703 Cr 5,200,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 06 | SBIN5% ₹641 Cr 10,000,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL5% ₹620 Cr 5,300,000
↓ -1,200,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322155% ₹609 Cr 5,700,000
↑ 1,200,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE4% ₹602 Cr 4,300,000
↑ 92,237 Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Sep 22 | APOLLOHOSP4% ₹476 Cr 750,000 3. BOI AXA Tax Advantage Fund
CAGR/Annualized
return of 19.4% since its launch. Ranked 13 in ELSS
category. Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (15 Mar 24) ₹144.89 ↓ -0.34 (-0.23 %) Net Assets (Cr) ₹1,090 on 31 Jan 24 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.49 Sharpe Ratio 2.25 Information Ratio 0.67 Alpha Ratio 6.21 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹12,243 28 Feb 21 ₹16,531 28 Feb 22 ₹20,178 28 Feb 23 ₹20,760 29 Feb 24 ₹31,625 Returns for BOI AXA Tax Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -1.6% 3 Month 6.3% 6 Month 19.6% 1 Year 51.7% 3 Year 22.2% 5 Year 24.1% 10 Year 15 Year Since launch 19.4% Historical performance (Yearly) on absolute basis
Year Returns 2023 34.8% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 1.85 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 30.56% Consumer Cyclical 9.5% Industrials 9.36% Basic Materials 8.78% Health Care 7.64% Energy 7.21% Technology 5.24% Utility 4.87% Consumer Defensive 2.59% Real Estate 1.43% Asset Allocation
Asset Class Value Cash 10.21% Equity 87.18% Debt 2.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹46 Cr 620,000
↓ -160,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹39 Cr 280,000 Canara Bank (Financial Services)
Equity, Since 31 Aug 22 | 5324833% ₹39 Cr 695,000
↓ -200,000 Oil India Ltd (Energy)
Equity, Since 31 Mar 23 | OIL3% ₹38 Cr 702,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE3% ₹38 Cr 130,000 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Jun 22 | SUNPHARMA3% ₹34 Cr 217,000 Bank of Baroda (Financial Services)
Equity, Since 31 Oct 22 | 5321343% ₹33 Cr 1,236,338
↓ -413,662 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹31 Cr 920,000
↓ -118,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 22 | LT3% ₹29 Cr 82,800 Kotak Mahindra Bank Ltd.
Debentures | -2% ₹28 Cr 3,000,000 4. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized
return of 18.6% since its launch. Ranked 3 in ELSS
category. Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (15 Mar 24) ₹134.825 ↓ -0.88 (-0.65 %) Net Assets (Cr) ₹5,976 on 31 Jan 24 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.95 Sharpe Ratio 2.23 Information Ratio 0.82 Alpha Ratio 4.52 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,153 28 Feb 21 ₹14,343 28 Feb 22 ₹17,974 28 Feb 23 ₹18,911 29 Feb 24 ₹26,388 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month -0.5% 3 Month 4.6% 6 Month 10.7% 1 Year 39% 3 Year 20.9% 5 Year 19.3% 10 Year 15 Year Since launch 18.6% Historical performance (Yearly) on absolute basis
Year Returns 2023 28.3% 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% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 7.37 Yr. Ritika Behera 7 Oct 23 0.4 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Jan 24
Equity Sector Allocation
Sector Value Financial Services 26.81% Consumer Cyclical 13.01% Industrials 11.04% Technology 9.13% Basic Materials 8.29% Consumer Defensive 7.89% Health Care 6.89% Energy 5.25% Communication Services 3.09% Utility 2.65% Real Estate 0.67% Asset Allocation
Asset Class Value Cash 5.28% Equity 94.72% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK6% ₹358 Cr 3,400,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK5% ₹330 Cr 2,350,000
↑ 150,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE5% ₹321 Cr 1,100,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322154% ₹237 Cr 2,200,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY4% ₹234 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹180 Cr 2,400,000
↑ 100,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹143 Cr 1,275,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS2% ₹143 Cr 1,500,000
↓ -300,000 NTPC Ltd (Utilities)
Equity, Since 30 Sep 22 | 5325552% ₹134 Cr 4,000,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 21 | TCS2% ₹132 Cr 321,877 5. IDBI Equity Advantage Fund
CAGR/Annualized
return of 16% since its launch. Ranked 21 in ELSS
category. . IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (28 Jul 23) ₹43.39 ↑ 0.04 (0.09 %) Net Assets (Cr) ₹485 on 30 Jun 23 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 1.21 Information Ratio -1.13 Alpha Ratio 1.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 28 Feb 19 ₹10,000 29 Feb 20 ₹10,921 28 Feb 21 ₹12,738 28 Feb 22 ₹14,849 28 Feb 23 ₹15,267 Returns for IDBI Equity Advantage Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 15 Mar 24 Duration Returns 1 Month 3.1% 3 Month 9.7% 6 Month 15.1% 1 Year 16.9% 3 Year 20.8% 5 Year 10% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Data below for IDBI Equity Advantage Fund as on 30 Jun 23
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity
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Nice article