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4 Best Tax Saving ELSS Mutual Funds FY 25 - 26
ELSS (Equity Linked Saving Scheme) is one of the best tax-saving options that help you save a lot of money on income tax along with earning Capital appreciation on investments.
Tax Saving ELSS funds allow tax exemptions up to INR 1,50,000 under Section 80C of the Income Tax Act. Therefore, by Investing in these tax saving Mutual Funds, even the investors in the highest tax bracket of 30% can avail tax exemptions of around INR 46,000 for a particular financial year along with earning good returns.
ELSS are Market-linked investments, you are suggested to carry out investments in these funds wisely so as to avert long-term losses and risks.
Benefits of Investing in ELSS Funds FY 25 - 26
- ELSS mutual funds provide tax exemptions up to INR 1,50,000.
- The returns are much higher than the returns offered by other Tax Saving Investment options.
- ELSS have the shortest lock-in period of 3 years, which is comparatively much less than other tax saving investments.
- ELSS funds offer an option to invest via SIP, so the investors can easily manage their ELSS investment by investing small amounts monthly.
All the above-mentioned factors make ELSS one of the best tax saving options.
If you are planning to invest, then SIP (Systematic Investment plan) is one of the Best ways to invest money in ELSS. The regular investment habit keeps your Portfolio disciplined and balanced. Also, the hassle of arranging money for a lump sum at the last moment of the tax calendar is eliminated. In SIP, you can fix the investment amount, which can be as low as Rs. 500, and a date where your money will be auto-deducted from your Bank account to ELSS funds.
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Top 4 Best performing Tax Saving ELSS Mutual Funds
(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 To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies. ICICI Prudential Long Term Equity Fund (Tax Saving) is a Equity - ELSS fund was launched on 19 Aug 99. It is a fund with Moderately High risk and has given a Below is the key information for ICICI Prudential Long Term Equity Fund (Tax Saving) 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 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 Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) Since launch (%) Canara Robeco Equity Tax Saver Growth ₹165.46
↓ -0.53 ₹8,817 -6.9 -3.9 13.6 10.5 18.8 17.5 19.2 ICICI Prudential Long Term Equity Fund (Tax Saving) Growth ₹856.5
↓ -2.09 ₹14,210 -7.2 -3.8 14.1 11.2 16.3 16.4 19.1 BOI AXA Tax Advantage Fund Growth ₹159.46
↓ -0.13 ₹1,453 -6.6 -9.7 15.4 14.5 22.8 21.6 19 Mirae Asset Tax Saver Fund Growth ₹45.182
↓ -0.13 ₹25,315 -5.8 -4.7 13.7 11.3 18.2 17.2 18.1 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jan 25 100 Crore sorted on annualized returns since launch / inception.
1. Canara Robeco Equity Tax Saver
CAGR/Annualized return of 19.2% since its launch. Ranked 36 in ELSS category. Return for 2024 was 17.5% , 2023 was 23.7% and 2022 was -0.2% . Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (17 Jan 25) ₹165.46 ↓ -0.53 (-0.32 %) Net Assets (Cr) ₹8,817 on 30 Nov 24 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 1.74 Sharpe Ratio 1.68 Information Ratio -0.56 Alpha Ratio 3.06 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 19 ₹10,000 31 Dec 20 ₹12,736 31 Dec 21 ₹17,210 31 Dec 22 ₹17,181 31 Dec 23 ₹21,252 31 Dec 24 ₹24,973 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -6.4% 3 Month -6.9% 6 Month -3.9% 1 Year 13.6% 3 Year 10.5% 5 Year 18.8% Since launch 19.2% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2023 17.5% 2022 23.7% 2021 -0.2% 2020 35.1% 2019 27.4% 2018 10.7% 2017 2.7% 2016 32% 2015 0% 2014 0.6% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 3.52 Yr. Shridatta Bhandwaldar 1 Oct 19 5.26 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 27.24% Consumer Cyclical 14.3% Industrials 11% Technology 9.67% Consumer Defensive 6.61% Basic Materials 6.45% Health Care 6.2% Energy 5.35% Communication Services 3.9% Utility 3.27% Real Estate 1.32% Asset Allocation
Asset Class Value Cash 3.97% Equity 96.03% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK7% ₹608 Cr 3,387,584 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK6% ₹562 Cr 4,326,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY4% ₹392 Cr 2,111,310 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE3% ₹305 Cr 2,362,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹291 Cr 1,790,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT3% ₹238 Cr 639,369 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN2% ₹209 Cr 2,495,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC2% ₹205 Cr 5,650,988 Tata Consultancy Services Ltd (Technology)
Equity, Since 30 Jun 20 | TCS2% ₹177 Cr 415,073 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | AXISBANK2% ₹174 Cr 1,528,000 2. ICICI Prudential Long Term Equity Fund (Tax Saving)
CAGR/Annualized return of 19.1% since its launch. Ranked 30 in ELSS category. Return for 2024 was 16.4% , 2023 was 23.2% and 2022 was 2.3% . ICICI Prudential Long Term Equity Fund (Tax Saving)
Growth Launch Date 19 Aug 99 NAV (17 Jan 25) ₹856.5 ↓ -2.09 (-0.24 %) Net Assets (Cr) ₹14,210 on 30 Nov 24 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.87 Sharpe Ratio 1.34 Information Ratio -0.37 Alpha Ratio 0.14 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 19 ₹10,000 31 Dec 20 ₹11,360 31 Dec 21 ₹15,193 31 Dec 22 ₹15,545 31 Dec 23 ₹19,157 31 Dec 24 ₹22,306 Returns for ICICI Prudential Long Term Equity Fund (Tax Saving)
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -4.7% 3 Month -7.2% 6 Month -3.8% 1 Year 14.1% 3 Year 11.2% 5 Year 16.3% Since launch 19.1% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2023 16.4% 2022 23.2% 2021 2.3% 2020 33.7% 2019 13.6% 2018 8.8% 2017 0.5% 2016 26% 2015 3.9% 2014 4.3% Fund Manager information for ICICI Prudential Long Term Equity Fund (Tax Saving)
Name Since Tenure Mittul Kalawadia 18 Sep 23 1.29 Yr. Sharmila D’mello 31 Jul 22 2.42 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 31.4% Consumer Cyclical 15.4% Health Care 12.74% Industrials 7.7% Consumer Defensive 7.06% Communication Services 6.97% Energy 5.19% Technology 5.11% Utility 3.31% Basic Materials 2.51% Real Estate 1.15% Asset Allocation
Asset Class Value Cash 1.45% Equity 98.55% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK9% ₹1,290 Cr 9,918,908 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | HDFCBANK8% ₹1,076 Cr 5,990,559 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL5% ₹718 Cr 4,411,155 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 29 Feb 20 | DMART5% ₹704 Cr 1,898,672
↑ 51,507 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI5% ₹679 Cr 612,703 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK4% ₹632 Cr 5,558,385 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 17 | SUNPHARMA4% ₹625 Cr 3,507,417 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 18 | LT4% ₹572 Cr 1,535,066 Infosys Ltd (Technology)
Equity, Since 30 Jun 16 | INFY4% ₹543 Cr 2,920,755
↓ -100,000 Reliance Industries Ltd (Energy)
Equity, Since 31 May 20 | RELIANCE3% ₹472 Cr 3,650,000 3. BOI AXA Tax Advantage Fund
CAGR/Annualized return of 19% since its launch. Ranked 13 in ELSS category. Return for 2024 was 21.6% , 2023 was 34.8% and 2022 was -1.3% . BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (17 Jan 25) ₹159.46 ↓ -0.13 (-0.08 %) 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.
Date Value 31 Dec 19 ₹10,000 31 Dec 20 ₹13,120 31 Dec 21 ₹18,558 31 Dec 22 ₹18,326 31 Dec 23 ₹24,698 31 Dec 24 ₹30,032 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -9.1% 3 Month -6.6% 6 Month -9.7% 1 Year 15.4% 3 Year 14.5% 5 Year 22.8% Since launch 19% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2023 21.6% 2022 34.8% 2021 -1.3% 2020 41.5% 2019 31.2% 2018 14.6% 2017 -16.3% 2016 57.7% 2015 -1.2% 2014 2.1% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 2.68 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 26.84% Industrials 16.89% Basic Materials 14.66% Technology 12.07% Consumer Cyclical 5.46% Utility 4.18% Energy 3.77% Consumer Defensive 3.64% Health Care 3.63% Real Estate 1.86% Communication Services 0.99% Asset Allocation
Asset Class Value Cash 4.78% Equity 95.22% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK5% ₹79 Cr 440,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹63 Cr 752,000 Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 5002954% ₹60 Cr 1,321,000
↑ 110,000 Prudent Corporate Advisory Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 5435273% ₹40 Cr 130,000 Ami Organics Ltd (Basic Materials)
Equity, Since 31 May 24 | 5433493% ₹37 Cr 172,000 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | NTPC2% ₹35 Cr 955,000 General Insurance Corp of India (Financial Services)
Equity, Since 29 Feb 24 | 5407552% ₹34 Cr 850,696 Coforge Ltd (Technology)
Equity, Since 30 Jun 23 | COFORGE2% ₹34 Cr 39,000
↑ 5,100 Swan Energy Ltd (Industrials)
Equity, Since 29 Feb 24 | SWANENERGY2% ₹31 Cr 513,000
↑ 79,000 Siemens Ltd (Industrials)
Equity, Since 30 Jun 22 | SIEMENS2% ₹31 Cr 41,000 4. Mirae Asset Tax Saver Fund
CAGR/Annualized return of 18.1% since its launch. Return for 2024 was 17.2% , 2023 was 27% and 2022 was 0.1% . Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (17 Jan 25) ₹45.182 ↓ -0.13 (-0.28 %) Net Assets (Cr) ₹25,315 on 30 Nov 24 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.12 Sharpe Ratio 1.48 Information Ratio -0.44 Alpha Ratio 0.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 19 ₹10,000 31 Dec 20 ₹12,154 31 Dec 21 ₹16,444 31 Dec 22 ₹16,468 31 Dec 23 ₹20,918 31 Dec 24 ₹24,522 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25 Duration Returns 1 Month -6.5% 3 Month -5.8% 6 Month -4.7% 1 Year 13.7% 3 Year 11.3% 5 Year 18.2% Since launch 18.1% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2023 17.2% 2022 27% 2021 0.1% 2020 35.3% 2019 21.5% 2018 14.1% 2017 -2.3% 2016 47.9% 2015 14.8% 2014 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 9.02 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Nov 24
Equity Sector Allocation
Sector Value Financial Services 32.85% Consumer Cyclical 15.42% Technology 11.47% Industrials 11.28% Basic Materials 9.65% Health Care 6.01% Utility 3.79% Energy 3.33% Communication Services 2.71% Consumer Defensive 1.41% Real Estate 0.75% Asset Allocation
Asset Class Value Cash 0.65% Equity 99.35% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK8% ₹2,077 Cr 11,566,752
↓ -195,339 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | AXISBANK5% ₹1,221 Cr 10,746,566
↑ 350,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN5% ₹1,161 Cr 13,839,799 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK4% ₹1,070 Cr 8,231,929 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹1,061 Cr 5,710,511 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT4% ₹904 Cr 2,425,832 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹721 Cr 1,689,221 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | KOTAKBANK2% ₹611 Cr 3,463,236
↓ -180,606 One97 Communications Ltd (Technology)
Equity, Since 31 Dec 23 | 5433962% ₹509 Cr 5,644,743 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL2% ₹482 Cr 2,963,392
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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