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Top 10 Best performing ELSS Mutual Funds of 2023 | Fincash.com

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Best ELSS Mutual Funds for Investment of 2023

Updated on December 19, 2024 , 675 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. for year 2023 best funds are listed below as per their performance.

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Top 10 ELSS Funds 2023 Based on Performance

FundNAVNet Assets (Cr)2023 (%)2022 (%)2021 (%)2020 (%)2019 (%)
SBI Magnum Tax Gain Fund Growth ₹424.324
↓ -6.96
₹27,847406.93118.94
Motilal Oswal Long Term Equity Fund Growth ₹55.0957
↓ -1.00
₹4,187371.832.18.813.2
BOI AXA Tax Advantage Fund Growth ₹169.68
↓ -3.40
₹1,45334.8-1.341.531.214.6
HDFC Tax Saver Fund Growth ₹1,321.56
↓ -20.10
₹15,94533.210.535.35.83.7
BNP Paribas Long Term Equity Fund (ELSS) Growth ₹94.7437
↓ -1.82
₹95231.3-2.123.617.814.3
Franklin India Taxshield Growth ₹1,455.92
↓ -24.61
₹6,89031.25.436.79.85.1
JM Tax Gain Fund Growth ₹48.5587
↓ -0.91
₹18330.90.532.218.314.9
Invesco India Tax Plan Growth ₹127.73
↓ -2.50
₹2,95430.9-7.732.619.29.4
DSP BlackRock Tax Saver Fund Growth ₹134.444
↓ -2.25
₹16,835304.535.11514.8
Taurus Tax Shield Growth ₹183.8
↓ -3.45
₹8128.76.620.113.77.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Dec 24

Top Performing Best ELSS Funds

1. SBI Magnum Tax Gain Fund

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 CAGR/Annualized return of 12.5% since its launch.  Ranked 31 in ELSS category.  Return for 2023 was 40% , 2022 was 6.9% and 2021 was 31% .

Below is the key information for SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund
Growth
Launch Date 7 May 07
NAV (20 Dec 24) ₹424.324 ↓ -6.96   (-1.61 %)
Net Assets (Cr) ₹27,847 on 30 Nov 24
Category Equity - ELSS
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 1.72
Sharpe Ratio 2.15
Information Ratio 2.04
Alpha Ratio 10.42
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,952
30 Nov 21₹15,245
30 Nov 22₹17,048
30 Nov 23₹21,607
30 Nov 24₹29,977

SBI Magnum Tax Gain Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833
Invest Now

Returns for SBI Magnum Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24

DurationReturns
1 Month 1.1%
3 Month -6.1%
6 Month 1%
1 Year 33%
3 Year 25.9%
5 Year 24.2%
10 Year
15 Year
Since launch 12.5%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Dinesh Balachandran10 Sep 168.23 Yr.

Data below for SBI Magnum Tax Gain Fund as on 30 Nov 24

Equity Sector Allocation
SectorValue
Financial Services24.98%
Technology10%
Industrials9.89%
Consumer Cyclical8.39%
Energy8.14%
Basic Materials7.78%
Health Care7.22%
Utility4.56%
Consumer Defensive4.22%
Communication Services3.25%
Real Estate1.12%
Asset Allocation
Asset ClassValue
Cash9.82%
Equity90.18%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
8%₹2,109 Cr11,743,253
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
4%₹1,043 Cr8,075,148
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
3%₹964 Cr7,416,237
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 17 | BHARTIARTL
3%₹905 Cr5,563,576
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
3%₹783 Cr9,335,639
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Oct 21 | TATASTEEL
3%₹752 Cr52,000,000
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
3%₹746 Cr2,515,083
Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | TORNTPOWER
3%₹742 Cr4,910,813
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
2%₹687 Cr14,414,825
Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 24 | TCS
2%₹641 Cr1,500,000

2. Motilal Oswal Long Term Equity Fund

(Erstwhile Motilal Oswal MOSt Focused Long Term 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. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Motilal Oswal Long Term Equity Fund is a Equity - ELSS fund was launched on 21 Jan 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.8% since its launch.  Return for 2023 was 37% , 2022 was 1.8% and 2021 was 32.1% .

Below is the key information for Motilal Oswal Long Term Equity Fund

Motilal Oswal Long Term Equity Fund
Growth
Launch Date 21 Jan 15
NAV (20 Dec 24) ₹55.0957 ↓ -1.00   (-1.78 %)
Net Assets (Cr) ₹4,187 on 30 Nov 24
Category Equity - ELSS
AMC Motilal Oswal Asset Management Co. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 0.74
Sharpe Ratio 3.36
Information Ratio 1.64
Alpha Ratio 21.74
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,204
30 Nov 21₹14,302
30 Nov 22₹15,086
30 Nov 23₹19,044
30 Nov 24₹28,882

Motilal Oswal Long Term Equity Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833
Invest Now

Returns for Motilal Oswal Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24

DurationReturns
1 Month 7.2%
3 Month 0.2%
6 Month 15%
1 Year 51.2%
3 Year 29.1%
5 Year 24.2%
10 Year
15 Year
Since launch 18.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 37%
2022 1.8%
2021 32.1%
2020 8.8%
2019 13.2%
2018 -8.7%
2017 44%
2016 12.5%
2015
2014
Fund Manager information for Motilal Oswal Long Term Equity Fund
NameSinceTenure
Ajay Khandelwal11 Dec 230.98 Yr.
Niket Shah17 Oct 231.13 Yr.
Santosh Singh1 Oct 240.17 Yr.
Rakesh Shetty22 Nov 222.03 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 30 Nov 24

Equity Sector Allocation
SectorValue
Industrials31.68%
Consumer Cyclical24.69%
Financial Services17.08%
Technology9.32%
Real Estate7.04%
Health Care4.9%
Basic Materials3.86%
Asset Allocation
Asset ClassValue
Cash1.19%
Equity98.81%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | TRENT
7%₹289 Cr425,260
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320
7%₹278 Cr9,923,692
↓ -779,098
Kalyan Jewellers India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | KALYANKJIL
5%₹227 Cr3,134,622
↓ -162,310
Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Jun 23 | KAYNES
4%₹178 Cr297,751
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE
4%₹174 Cr1,055,205
Gujarat Fluorochemicals Ltd Ordinary Shares (Basic Materials)
Equity, Since 28 Feb 23 | FLUOROCHEM
4%₹162 Cr408,886
Premier Energies Ltd (Technology)
Equity, Since 30 Sep 24 | PREMIERENE
4%₹155 Cr1,267,798
Inox Wind Ltd (Industrials)
Equity, Since 31 Dec 23 | INOXWIND
4%₹152 Cr7,946,960
Suzlon Energy Ltd (Industrials)
Equity, Since 31 Jan 24 | SUZLON
4%₹152 Cr24,068,813
Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 23 | APARINDS
4%₹150 Cr148,305

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 19.6% since its launch.  Ranked 13 in ELSS category.  Return for 2023 was 34.8% , 2022 was -1.3% and 2021 was 41.5% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (20 Dec 24) ₹169.68 ↓ -3.40   (-1.96 %)
Net Assets (Cr) ₹1,453 on 30 Nov 24
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.37
Sharpe Ratio 1.91
Information Ratio 0.46
Alpha Ratio 7.81
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹12,546
30 Nov 21₹18,192
30 Nov 22₹19,034
30 Nov 23₹23,238
30 Nov 24₹31,012

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 ₹570,326.
Net Profit of ₹270,326
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 20 Dec 24

DurationReturns
1 Month 4.3%
3 Month -1.6%
6 Month -0.9%
1 Year 27.7%
3 Year 20.6%
5 Year 25.1%
10 Year
15 Year
Since launch 19.6%
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Alok Singh27 Apr 222.6 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Nov 24

Equity Sector Allocation
SectorValue
Financial Services26.27%
Industrials16.29%
Basic Materials15.38%
Technology10.7%
Consumer Cyclical5.46%
Utility4.64%
Energy3.81%
Consumer Defensive3.78%
Health Care3.53%
Real Estate1.52%
Communication Services0.99%
Asset Allocation
Asset ClassValue
Cash7.63%
Equity92.37%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹76 Cr440,000
↑ 20,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
4%₹62 Cr752,000
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 500295
4%₹56 Cr1,211,000
Prudent Corporate Advisory Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 543527
3%₹40 Cr130,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹39 Cr955,000
Ami Organics Ltd (Basic Materials)
Equity, Since 31 May 24 | 543349
2%₹34 Cr172,000
General Insurance Corp of India (Financial Services)
Equity, Since 29 Feb 24 | GICRE
2%₹31 Cr850,696
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 18 | RELIANCE
2%₹30 Cr228,000
Siemens Ltd (Industrials)
Equity, Since 30 Jun 22 | 500550
2%₹29 Cr41,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL
2%₹28 Cr67,000

4. HDFC Tax Saver Fund

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 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% .

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund
Growth
Launch Date 31 Mar 96
NAV (20 Dec 24) ₹1,321.56 ↓ -20.10   (-1.50 %)
Net Assets (Cr) ₹15,945 on 30 Nov 24
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.75
Sharpe Ratio 2.05
Information Ratio 1.74
Alpha Ratio 6.81
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹9,761
30 Nov 21₹14,028
30 Nov 22₹16,324
30 Nov 23₹19,554
30 Nov 24₹25,896

HDFC 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 HDFC 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 20 Dec 24

DurationReturns
1 Month 0.7%
3 Month -6.6%
6 Month 1.9%
1 Year 24.6%
3 Year 23.3%
5 Year 20.6%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Roshi Jain13 Jan 222.88 Yr.
Dhruv Muchhal22 Jun 231.45 Yr.

Data below for HDFC Tax Saver Fund as on 30 Nov 24

Equity Sector Allocation
SectorValue
Financial Services42.08%
Health Care12.33%
Consumer Cyclical11.93%
Technology8.25%
Communication Services5.66%
Industrials4.96%
Basic Materials2.85%
Real Estate1.44%
Utility1.31%
Consumer Defensive1%
Energy0.58%
Asset Allocation
Asset ClassValue
Cash7.29%
Equity92.39%
Debt0.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹1,667 Cr12,900,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK
10%₹1,614 Cr9,300,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
8%₹1,276 Cr11,000,000
Cipla Ltd (Healthcare)
Equity, Since 31 Oct 09 | 500087
5%₹838 Cr5,400,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL
5%₹806 Cr5,000,000
↓ -300,000
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE
4%₹714 Cr4,400,000
↑ 100,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
4%₹636 Cr3,604,000
↓ -1,396,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | KOTAKBANK
4%₹606 Cr3,500,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | MARUTI
3%₹554 Cr500,000
State Bank of India (Financial Services)
Equity, Since 31 Dec 06 | SBIN
3%₹451 Cr5,500,000

5. BNP Paribas Long Term Equity Fund (ELSS)

The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent fromtime to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

BNP Paribas Long Term Equity Fund (ELSS) is a Equity - ELSS fund was launched on 5 Jan 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.6% since its launch.  Ranked 22 in ELSS category.  Return for 2023 was 31.3% , 2022 was -2.1% and 2021 was 23.6% .

Below is the key information for BNP Paribas Long Term Equity Fund (ELSS)

BNP Paribas Long Term Equity Fund (ELSS)
Growth
Launch Date 5 Jan 06
NAV (20 Dec 24) ₹94.7437 ↓ -1.82   (-1.88 %)
Net Assets (Cr) ₹952 on 30 Nov 24
Category Equity - ELSS
AMC BNP Paribas Asset Mgmt India Pvt. Ltd
Rating
Risk Moderately High
Expense Ratio 2.29
Sharpe Ratio 2.11
Information Ratio 0.04
Alpha Ratio 7.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹11,126
30 Nov 21₹14,534
30 Nov 22₹14,723
30 Nov 23₹17,638
30 Nov 24₹23,305

BNP Paribas Long Term Equity Fund (ELSS) 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 BNP Paribas Long Term Equity Fund (ELSS)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24

DurationReturns
1 Month 2.9%
3 Month -4.2%
6 Month 5.9%
1 Year 27.4%
3 Year 18.1%
5 Year 18%
10 Year
15 Year
Since launch 12.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 31.3%
2022 -2.1%
2021 23.6%
2020 17.8%
2019 14.3%
2018 -9.3%
2017 42.3%
2016 -6.6%
2015 7.7%
2014 53%
Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
NameSinceTenure
Sanjay Chawla14 Mar 222.72 Yr.
Pratish Krishnan14 Mar 222.72 Yr.
Miten Vora1 Dec 222 Yr.

Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 30 Nov 24

Equity Sector Allocation
SectorValue
Financial Services28.51%
Technology14.6%
Consumer Cyclical11.36%
Industrials10.33%
Basic Materials7.47%
Health Care7.14%
Consumer Defensive5.34%
Energy4.07%
Utility3.6%
Communication Services1.89%
Real Estate1.2%
Asset Allocation
Asset ClassValue
Cash3.06%
Equity96.94%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK
6%₹53 Cr411,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
6%₹53 Cr293,160
↑ 14,000
Infosys Ltd (Technology)
Equity, Since 29 Feb 24 | INFY
4%₹38 Cr205,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE
4%₹33 Cr258,200
↑ 45,000
Zomato Ltd (Consumer Cyclical)
Equity, Since 31 Jul 23 | 543320
3%₹26 Cr920,813
PB Fintech Ltd (Financial Services)
Equity, Since 29 Feb 24 | 543390
3%₹25 Cr132,500
Trent Ltd (Consumer Cyclical)
Equity, Since 31 May 22 | TRENT
3%₹25 Cr36,714
↓ -5,700
Jyoti CNC Automation Ltd (Industrials)
Equity, Since 30 Apr 24 | JYOTICNC
2%₹23 Cr184,594
Mrs Bectors Food Specialities Ltd Ordinary Shares (Consumer Defensive)
Equity, Since 31 Mar 24 | BECTORFOOD
2%₹21 Cr117,132
State Bank of India (Financial Services)
Equity, Since 31 Mar 22 | SBIN
2%₹20 Cr243,000

6. Franklin India Taxshield

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate

Franklin India Taxshield is a Equity - ELSS fund was launched on 10 Apr 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21.4% since its launch.  Ranked 28 in ELSS category.  Return for 2023 was 31.2% , 2022 was 5.4% and 2021 was 36.7% .

Below is the key information for Franklin India Taxshield

Franklin India Taxshield
Growth
Launch Date 10 Apr 99
NAV (20 Dec 24) ₹1,455.92 ↓ -24.61   (-1.66 %)
Net Assets (Cr) ₹6,890 on 30 Nov 24
Category Equity - ELSS
AMC Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating
Risk Moderately High
Expense Ratio 1.83
Sharpe Ratio 1.88
Information Ratio 1.1
Alpha Ratio 5.24
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,421
30 Nov 21₹14,790
30 Nov 22₹16,419
30 Nov 23₹19,355
30 Nov 24₹25,622

Franklin India Taxshield 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 Franklin India Taxshield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24

DurationReturns
1 Month 2.3%
3 Month -5.8%
6 Month 4.7%
1 Year 25.8%
3 Year 20.6%
5 Year 20.4%
10 Year
15 Year
Since launch 21.4%
Historical performance (Yearly) on absolute basis
YearReturns
2023 31.2%
2022 5.4%
2021 36.7%
2020 9.8%
2019 5.1%
2018 -3%
2017 29.1%
2016 4.7%
2015 4%
2014 56.9%
Fund Manager information for Franklin India Taxshield
NameSinceTenure
R. Janakiraman2 May 168.59 Yr.
Rajasa Kakulavarapu1 Dec 231 Yr.

Data below for Franklin India Taxshield as on 30 Nov 24

Equity Sector Allocation
SectorValue
Financial Services28.37%
Consumer Cyclical13.11%
Industrials12.76%
Technology10.31%
Basic Materials6.62%
Consumer Defensive6.29%
Communication Services5.75%
Health Care5.73%
Utility3.77%
Energy3.71%
Real Estate0.69%
Asset Allocation
Asset ClassValue
Cash2.24%
Equity97.76%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
9%₹588 Cr4,546,914
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 07 | HDFCBANK
8%₹566 Cr3,260,417
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 07 | BHARTIARTL
5%₹365 Cr2,263,637
↓ -93,165
Infosys Ltd (Technology)
Equity, Since 29 Feb 12 | INFY
5%₹338 Cr1,922,741
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 19 | LT
5%₹320 Cr883,853
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 14 | 532215
4%₹261 Cr2,252,948
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 21 | HCLTECH
4%₹258 Cr1,462,587
United Spirits Ltd (Consumer Defensive)
Equity, Since 31 Oct 18 | UNITDSPR
3%₹235 Cr1,625,000
↓ -25,000
NTPC Ltd (Utilities)
Equity, Since 31 Oct 16 | 532555
3%₹187 Cr4,581,067
↓ -505,782
Reliance Industries Ltd (Energy)
Equity, Since 31 May 22 | RELIANCE
3%₹182 Cr1,364,806

7. JM Tax Gain Fund

The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

JM Tax Gain Fund is a Equity - ELSS fund was launched on 31 Mar 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 9.9% since its launch.  Ranked 18 in ELSS category.  Return for 2023 was 30.9% , 2022 was 0.5% and 2021 was 32.2% .

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund
Growth
Launch Date 31 Mar 08
NAV (20 Dec 24) ₹48.5587 ↓ -0.91   (-1.84 %)
Net Assets (Cr) ₹183 on 30 Nov 24
Category Equity - ELSS
AMC JM Financial Asset Management Limited
Rating
Risk Moderately High
Expense Ratio 2.4
Sharpe Ratio 1.85
Information Ratio 0.61
Alpha Ratio 8.41
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹11,228
30 Nov 21₹15,527
30 Nov 22₹16,296
30 Nov 23₹19,731
30 Nov 24₹27,051

JM Tax Gain Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033
Invest Now

Returns for JM Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24

DurationReturns
1 Month 2.3%
3 Month -7.7%
6 Month 1.5%
1 Year 31.4%
3 Year 20.8%
5 Year 21.4%
10 Year
15 Year
Since launch 9.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 30.9%
2022 0.5%
2021 32.2%
2020 18.3%
2019 14.9%
2018 -4.6%
2017 42.6%
2016 5.2%
2015 -0.6%
2014 54.9%
Fund Manager information for JM Tax Gain Fund
NameSinceTenure
Satish Ramanathan1 Oct 240.17 Yr.
Asit Bhandarkar31 Dec 212.92 Yr.
Chaitanya Choksi18 Jul 1410.38 Yr.
Ruchi Fozdar4 Oct 240.16 Yr.

Data below for JM Tax Gain Fund as on 30 Nov 24

Equity Sector Allocation
SectorValue
Financial Services18.62%
Industrials17.38%
Consumer Cyclical14.41%
Technology13.68%
Basic Materials12.99%
Health Care7.1%
Consumer Defensive6.85%
Communication Services3.08%
Utility1.59%
Real Estate1%
Asset Allocation
Asset ClassValue
Cash0.56%
Equity99.44%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 11 | HDFCBANK
5%₹10 Cr55,131
↓ -3,000
Infosys Ltd (Technology)
Equity, Since 31 Aug 18 | INFY
5%₹9 Cr49,465
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | ICICIBANK
4%₹7 Cr55,975
↑ 5,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 10 | LT
3%₹6 Cr16,750
State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN
3%₹5 Cr62,900
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Mar 24 | BHARTIARTL
3%₹5 Cr30,700
↑ 7,500
Newgen Software Technologies Ltd (Technology)
Equity, Since 30 Nov 23 | NEWGEN
2%₹4 Cr31,750
Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 30 Sep 24 | 532977
2%₹4 Cr4,050
↑ 1,850
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Jul 24 | SBILIFE
2%₹4 Cr23,000
↑ 3,500
Hindalco Industries Ltd (Basic Materials)
Equity, Since 30 Apr 24 | HINDALCO
2%₹4 Cr54,000

8. Invesco India Tax Plan

The investment objective of the Scheme is to generate long term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

Invesco India Tax Plan is a Equity - ELSS fund was launched on 29 Dec 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.2% since its launch.  Ranked 17 in ELSS category.  Return for 2023 was 30.9% , 2022 was -7.7% and 2021 was 32.6% .

Below is the key information for Invesco India Tax Plan

Invesco India Tax Plan
Growth
Launch Date 29 Dec 06
NAV (20 Dec 24) ₹127.73 ↓ -2.50   (-1.92 %)
Net Assets (Cr) ₹2,954 on 30 Nov 24
Category Equity - ELSS
AMC Invesco Asset Management (India) Private Ltd
Rating
Risk Moderately High
Expense Ratio 1.97
Sharpe Ratio 1.97
Information Ratio -0.24
Alpha Ratio 6.98
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹11,165
30 Nov 21₹15,478
30 Nov 22₹15,235
30 Nov 23₹18,143
30 Nov 24₹24,027

Invesco India Tax Plan 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 Invesco India Tax Plan

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24

DurationReturns
1 Month 3.9%
3 Month -3.6%
6 Month 6.9%
1 Year 29.1%
3 Year 16.8%
5 Year 18.9%
10 Year
15 Year
Since launch 15.2%
Historical performance (Yearly) on absolute basis
YearReturns
2023 30.9%
2022 -7.7%
2021 32.6%
2020 19.2%
2019 9.4%
2018 -1.3%
2017 35.7%
2016 3.4%
2015 5.8%
2014 54.3%
Fund Manager information for Invesco India Tax Plan
NameSinceTenure
Amit Nigam3 Sep 204.25 Yr.
Dhimant Kothari29 Mar 186.68 Yr.

Data below for Invesco India Tax Plan as on 30 Nov 24

Equity Sector Allocation
SectorValue
Financial Services25.26%
Industrials15.77%
Consumer Cyclical13.89%
Health Care13.3%
Technology11.71%
Basic Materials7.75%
Consumer Defensive5.41%
Energy3.2%
Communication Services1.09%
Utility1.09%
Real Estate0.4%
Asset Allocation
Asset ClassValue
Cash1.13%
Equity98.87%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 22 | HDFCBANK
6%₹179 Cr1,032,420
↑ 122,483
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
5%₹157 Cr1,212,581
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 23 | TCS
4%₹114 Cr288,312
↑ 39,772
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
3%₹90 Cr776,621
↑ 159,158
Divi's Laboratories Ltd (Healthcare)
Equity, Since 31 Jan 24 | DIVISLAB
3%₹75 Cr127,722
↓ -20,277
Poly Medicure Ltd (Healthcare)
Equity, Since 30 Jun 24 | POLYMED
2%₹73 Cr253,444
Apollo Hospitals Enterprise Ltd (Healthcare)
Equity, Since 30 Nov 22 | APOLLOHOSP
2%₹71 Cr100,754
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Aug 24 | FEDERALBNK
2%₹71 Cr3,467,704
↑ 519,804
Metro Brands Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | 543426
2%₹67 Cr561,196
↑ 63,971
Coforge Ltd (Technology)
Equity, Since 31 May 24 | COFORGE
2%₹65 Cr85,227

9. 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 15.6% since its launch.  Ranked 12 in ELSS category.  Return for 2023 was 30% , 2022 was 4.5% and 2021 was 35.1% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (20 Dec 24) ₹134.444 ↓ -2.25   (-1.65 %)
Net Assets (Cr) ₹16,835 on 30 Nov 24
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.78
Sharpe Ratio 1.87
Information Ratio 0.91
Alpha Ratio 6.47
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,754
30 Nov 21₹15,306
30 Nov 22₹16,719
30 Nov 23₹19,603
30 Nov 24₹26,581

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 ₹518,033.
Net Profit of ₹218,033
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 20 Dec 24

DurationReturns
1 Month 1%
3 Month -6.2%
6 Month 3.7%
1 Year 27.6%
3 Year 20.5%
5 Year 21.1%
10 Year
15 Year
Since launch 15.6%
Historical performance (Yearly) on absolute basis
YearReturns
2023 30%
2022 4.5%
2021 35.1%
2020 15%
2019 14.8%
2018 -7.6%
2017 36.3%
2016 11.3%
2015 4.4%
2014 52.2%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 159.39 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 30 Nov 24

Equity Sector Allocation
SectorValue
Financial Services37.58%
Consumer Cyclical9.76%
Basic Materials9.06%
Health Care8.84%
Technology7.81%
Industrials7.26%
Consumer Defensive5.19%
Utility3.95%
Energy3.88%
Communication Services3.74%
Asset Allocation
Asset ClassValue
Cash2.94%
Equity97.06%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
10%₹1,605 Cr9,247,272
↑ 347,804
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
8%₹1,267 Cr9,807,128
↑ 278,934
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
4%₹685 Cr8,354,119
↑ 529,828
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
4%₹590 Cr3,360,017
↑ 144,060
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
3%₹582 Cr5,015,137
↑ 299,081
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | KOTAKBANK
3%₹444 Cr2,563,049
↑ 283,444
HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH
2%₹401 Cr2,270,114
↑ 256,845
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M
2%₹393 Cr1,439,596
↑ 145,452
Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Nov 22 | HINDUNILVR
2%₹378 Cr1,495,324
NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | 532555
2%₹364 Cr8,907,565

10. Taurus Tax Shield

To provide long term capital appreciation over the life of the scheme through investment predominantly in equity shares, besides tax benefits.

Taurus Tax Shield is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.3% since its launch.  Ranked 26 in ELSS category.  Return for 2023 was 28.7% , 2022 was 6.6% and 2021 was 20.1% .

Below is the key information for Taurus Tax Shield

Taurus Tax Shield
Growth
Launch Date 31 Mar 96
NAV (20 Dec 24) ₹183.8 ↓ -3.45   (-1.84 %)
Net Assets (Cr) ₹81 on 30 Nov 24
Category Equity - ELSS
AMC Taurus Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 2.44
Sharpe Ratio 1.58
Information Ratio 0.37
Alpha Ratio 4.77
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Nov 19₹10,000
30 Nov 20₹10,750
30 Nov 21₹13,471
30 Nov 22₹14,889
30 Nov 23₹17,746
30 Nov 24₹22,807

Taurus Tax Shield 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 Taurus Tax Shield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Dec 24

DurationReturns
1 Month 2.5%
3 Month -2.9%
6 Month 6%
1 Year 24.6%
3 Year 20.2%
5 Year 17.5%
10 Year
15 Year
Since launch 12.3%
Historical performance (Yearly) on absolute basis
YearReturns
2023 28.7%
2022 6.6%
2021 20.1%
2020 13.7%
2019 7.7%
2018 0%
2017 38%
2016 3.2%
2015 2.1%
2014 35.1%
Fund Manager information for Taurus Tax Shield
NameSinceTenure
Anuj Kapil7 Aug 231.32 Yr.

Data below for Taurus Tax Shield as on 30 Nov 24

Equity Sector Allocation
SectorValue
Financial Services30.43%
Technology20.59%
Health Care9.2%
Industrials8.76%
Basic Materials7.31%
Consumer Cyclical5.3%
Consumer Defensive4.9%
Energy4.54%
Utility1.66%
Asset Allocation
Asset ClassValue
Cash7.29%
Equity92.71%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | HDFCBANK
10%₹8 Cr46,969
HCL Technologies Ltd (Technology)
Equity, Since 31 May 22 | HCLTECH
9%₹7 Cr40,809
↓ -4,229
Bajaj Holdings and Investment Ltd (Financial Services)
Equity, Since 30 Apr 22 | 500490
7%₹5 Cr5,200
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 09 | 532174
6%₹5 Cr36,000
ITC Ltd (Consumer Defensive)
Equity, Since 31 Mar 16 | ITC
5%₹4 Cr80,000
Infosys Ltd (Technology)
Equity, Since 31 Mar 23 | INFY
5%₹4 Cr21,339
↑ 4,100
Tech Mahindra Ltd (Technology)
Equity, Since 31 Jul 22 | 532755
5%₹4 Cr22,792
Coal India Ltd (Energy)
Equity, Since 31 Jan 23 | COALINDIA
5%₹4 Cr80,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 May 22 | 532215
4%₹3 Cr28,650
Swan Energy Ltd (Industrials)
Equity, Since 31 May 24 | 503310
3%₹2 Cr45,643

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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