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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 July 25, 2021 , 21796 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. 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 20.7% 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 (27 Jul 21) ₹28.582 ↓ -0.13   (-0.46 %)
Net Assets (Cr) ₹8,338 on 30 Jun 21
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.63
Sharpe Ratio 3.77
Information Ratio 1.8
Alpha Ratio 11.62
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹13,494
30 Jun 18₹14,875
30 Jun 19₹16,692
30 Jun 20₹15,477
30 Jun 21₹26,023

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 27 Jul 21

DurationReturns
1 Month 1.1%
3 Month 11.9%
6 Month 22.2%
1 Year 60.4%
3 Year 19.6%
5 Year 20.2%
10 Year
15 Year
Since launch 20.7%
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 155.51 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services39.43%
Technology11.56%
Basic Materials11.26%
Consumer Cyclical8.53%
Health Care6.64%
Industrials6.53%
Consumer Defensive4.76%
Communication Services3.74%
Utility1.89%
Energy1.62%
Asset Allocation
Asset ClassValue
Cash0.4%
Equity99.59%
Debt0.01%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
8%₹702 Cr4,684,722
↑ 430,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
7%₹589 Cr9,338,912
↑ 740,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
7%₹565 Cr3,571,693
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
5%₹397 Cr5,311,266
↑ 375,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
4%₹314 Cr939,826
↓ -20,000
Reliance Industries Limited
Equity, Since 30 Jun 21 | -
4%₹302 Cr2,033,304
↑ 2,033,304
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
4%₹301 Cr7,183,799
↑ 450,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
3%₹227 Cr4,318,000
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Apr 17 | HDFC
3%₹213 Cr861,263
↑ 125,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK
2%₹206 Cr1,207,227
↑ 430,000

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 20.9% 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 (27 Jul 21) ₹106.56 ↓ -0.56   (-0.52 %)
Net Assets (Cr) ₹2,343 on 30 Jun 21
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 2.32
Sharpe Ratio 3.87
Information Ratio 0.86
Alpha Ratio 15.26
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹11,830
30 Jun 18₹13,070
30 Jun 19₹14,755
30 Jun 20₹13,804
30 Jun 21₹22,789

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 ₹470,047.
Net Profit of ₹170,047
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 27 Jul 21

DurationReturns
1 Month 2.2%
3 Month 12.8%
6 Month 20.8%
1 Year 56.5%
3 Year 19.3%
5 Year 17.6%
10 Year
15 Year
Since launch 20.9%
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 210.01 Yr.
Shridatta Bhandwaldar1 Oct 191.75 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services31.53%
Technology17.02%
Industrials12.65%
Consumer Cyclical11.48%
Basic Materials9.28%
Health Care5.83%
Consumer Defensive4.22%
Communication Services2.34%
Energy1.9%
Utility1.03%
Asset Allocation
Asset ClassValue
Cash2.71%
Equity97.29%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
9%₹222 Cr1,406,310
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
8%₹186 Cr1,242,184
↑ 50,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
7%₹158 Cr2,506,000
Larsen & Toubro Ltd Shs Dematerialised (Industrials)
Equity, Since 31 Dec 20 | LT
4%₹102 Cr680,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS
4%₹97 Cr288,815
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
3%₹80 Cr132,450
Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 20 | HDFC
3%₹74 Cr297,500
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
3%₹69 Cr928,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
3%₹63 Cr1,500,000
↑ 125,000
Motherson Sumi Systems Ltd Shs Dematerialised (Consumer Cyclical)
Equity, Since 31 Mar 21 | MOTHERSUMI
2%₹45 Cr1,843,334
↓ -41,666

3. 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 19.7% 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 (27 Jul 21) ₹93.68 ↓ -0.51   (-0.54 %)
Net Assets (Cr) ₹473 on 30 Jun 21
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.67
Sharpe Ratio 4.53
Information Ratio 0.44
Alpha Ratio 20.48
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹12,118
30 Jun 18₹14,241
30 Jun 19₹13,638
30 Jun 20₹13,699
30 Jun 21₹23,962

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 ₹481,656.
Net Profit of ₹181,656
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 27 Jul 21

DurationReturns
1 Month 5.2%
3 Month 15.3%
6 Month 29.7%
1 Year 68.6%
3 Year 18.9%
5 Year 18.8%
10 Year
15 Year
Since launch 19.7%
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 191.96 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services25.11%
Basic Materials20.77%
Technology15.18%
Health Care14.52%
Consumer Cyclical9.44%
Industrials4.39%
Communication Services3.02%
Consumer Defensive2.97%
Energy2.12%
Utility1.43%
Asset Allocation
Asset ClassValue
Cash1.05%
Equity98.95%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹25 Cr164,150
↓ -9,336
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
4%₹21 Cr331,176
Infosys Ltd (Technology)
Equity, Since 30 Jun 20 | INFY
4%₹19 Cr118,505
Laurus Labs Ltd (Healthcare)
Equity, Since 30 Jun 20 | 540222
4%₹18 Cr266,350
↓ -12,000
Divi's Laboratories Ltd (Healthcare)
Equity, Since 30 Sep 18 | DIVISLAB
4%₹17 Cr38,259
PI Industries Ltd (Basic Materials)
Equity, Since 30 Nov 18 | PIIND
3%₹15 Cr51,325
Navin Fluorine International Ltd (Basic Materials)
Equity, Since 31 Jul 19 | 532504
3%₹12 Cr32,992
↓ -1,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 18 | 500034
2%₹12 Cr19,449
↑ 950
Coforge Ltd Shs Dematerialised (Technology)
Equity, Since 31 Jul 20 | 532541
2%₹11 Cr27,640
↑ 1,198
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Nov 18 | RELIANCE
2%₹10 Cr47,566
↑ 1,200

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% 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 (27 Jul 21) ₹76.436 ↓ -0.09   (-0.12 %)
Net Assets (Cr) ₹8,963 on 30 Jun 21
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.91
Sharpe Ratio 3.41
Information Ratio 1.23
Alpha Ratio 4.33
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹12,216
30 Jun 18₹12,844
30 Jun 19₹14,231
30 Jun 20₹13,001
30 Jun 21₹21,444

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 ₹447,579.
Net Profit of ₹147,579
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 27 Jul 21

DurationReturns
1 Month 3.3%
3 Month 15.6%
6 Month 27.3%
1 Year 62.4%
3 Year 17.8%
5 Year 16%
10 Year
15 Year
Since launch 15%
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 155.96 Yr.
Charanjit Singh1 Jan 210.5 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services38.6%
Basic Materials12.19%
Technology10.63%
Consumer Cyclical9.13%
Industrials8.44%
Health Care6.42%
Utility4.93%
Communication Services3.54%
Energy2.92%
Consumer Defensive2.13%
Asset Allocation
Asset ClassValue
Cash1.07%
Equity98.92%
Debt0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
9%₹799 Cr5,056,129
↓ -349,113
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹736 Cr11,659,184
↑ 140,498
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
6%₹580 Cr3,873,109
↑ 88,703
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹457 Cr10,908,502
↑ 208,883
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹374 Cr5,003,320
↑ 120,477
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Dec 20 | TATASTEEL
4%₹342 Cr2,933,059
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
4%₹317 Cr6,032,398
Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Jul 20 | 500124
2%₹204 Cr375,535
Crompton Greaves Consumer Electricals Ltd (Consumer Cyclical)
Equity, Since 31 Jul 19 | CROMPTON
2%₹191 Cr4,386,588
UltraTech Cement Ltd (Basic Materials)
Equity, Since 31 May 14 | ULTRACEMCO
2%₹181 Cr266,775

5. Kotak Tax Saver Fund

The investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.

Kotak Tax Saver Fund is a Equity - ELSS fund was launched on 23 Nov 05. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.8% since its launch.  Ranked 19 in ELSS category.  Return for 2020 was 14.9% , 2019 was 12.7% and 2018 was -3.8% .

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund
Growth
Launch Date 23 Nov 05
NAV (27 Jul 21) ₹65.855 ↓ -0.43   (-0.65 %)
Net Assets (Cr) ₹2,073 on 30 Jun 21
Category Equity - ELSS
AMC Kotak Mahindra Asset Management Co Ltd
Rating
Risk Moderately High
Expense Ratio 2.34
Sharpe Ratio 4.22
Information Ratio 0.53
Alpha Ratio 11.94
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Jun 16₹10,000
30 Jun 17₹12,392
30 Jun 18₹12,898
30 Jun 19₹14,617
30 Jun 20₹13,131
30 Jun 21₹20,796

Kotak 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 ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for Kotak 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 27 Jul 21

DurationReturns
1 Month 1%
3 Month 10.3%
6 Month 20.8%
1 Year 53.1%
3 Year 15.9%
5 Year 14.8%
10 Year
15 Year
Since launch 12.8%
Historical performance (Yearly) on absolute basis
YearReturns
2020 14.9%
2019 12.7%
2018 -3.8%
2017 33.8%
2016 7.5%
2015 1.5%
2014 56.6%
2013 -6.3%
2012 36.2%
2011 -26%
Fund Manager information for Kotak Tax Saver Fund
NameSinceTenure
Harsha Upadhyaya25 Aug 155.85 Yr.

Data below for Kotak Tax Saver Fund as on 30 Jun 21

Equity Sector Allocation
SectorValue
Financial Services22.97%
Basic Materials18.48%
Industrials18.17%
Technology10.79%
Consumer Cyclical9.91%
Health Care6.93%
Utility4%
Energy3.06%
Communication Services2.03%
Consumer Defensive1.49%
Asset Allocation
Asset ClassValue
Cash2.17%
Equity97.82%
Other0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
8%₹158 Cr2,500,000
Infosys Ltd (Technology)
Equity, Since 31 Dec 05 | INFY
6%₹126 Cr800,000
State Bank of India (Financial Services)
Equity, Since 28 Feb 21 | SBIN
5%₹99 Cr2,350,000
↑ 250,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 10 | HDFCBANK
4%₹82 Cr550,000
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Apr 18 | TCS
4%₹75 Cr225,000
SRF Ltd (Basic Materials)
Equity, Since 30 Apr 16 | SRF
4%₹73 Cr100,000
Reliance Industries Ltd Shs Dematerialised (Energy)
Equity, Since 30 Jun 06 | RELIANCE
3%₹63 Cr300,000
Gujarat Gas Ltd (Utilities)
Equity, Since 30 Apr 19 | 539336
3%₹56 Cr850,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | 532215
3%₹54 Cr725,000
Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 28 Feb 18 | 532286
3%₹54 Cr1,350,000

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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