You can consider schemes having AUM above Rs.250 crores, as high net assets win trust of the investors.ĬRISIL Ratings and Value Research Online RankingsĪlways go with Schemes having CRISIL Ratings of 1 (5 stars) & 2 (4 stars) and VRO rankings of 4 stars & 5 stars.Įxpenses Ratio is passed on to the customers so funds should have minimum expense ratios. I have considered following points in ranking ELSS FundsĬonsistent Return over a long term of 3 to 5 years has been considered in ranking top 5 ELSS Funds. How to select an ELSS Tax Savings Mutual Funds Mid-cap stocks have a proportion of 18% with 2% of small-cap stocks. Both Giant and large-cap stocks find the highest 80% space in the portfolio. Stock Mix: The portfolio is mostly filled with an equity investment of 96.9% leaving a tiny space of 3% for debt instruments. The AUM of the fund is at a High level of Rs.1005 crores and the expense ratio of the fund is at par with other funds at 2.31%. Reasons to Invest: Canara Robeco Equity Tax Saver Fund manages to post returns of almost 14.51% in the last 10 years. The debt instruments are meager of 5% in the portfolio. The AUM of the fund is at a moderate level of Rs.260 crores and the expense ratio of the fund is at par with other funds at 2.87%.įund Allocation: The portfolio is mostly invested with a 50-55% large-cap weight at most times with few giant caps which are balanced out by a higher 35-40% mid-cap exposure. Reasons to Invest: Invesco Tax Plan is a decade old fund that manages to give returns of 15.30% in the long-run of 10 years. Remaining 9% is allocated into debt instruments. The AUM of the fund is Rs.266 crores and the expense ratio of the fund is at par with other funds at 2.65%.įund Allocation: BOI AXA Tax Advantage Fund portfolio consists of 58% of large cap stock with 33% of mid-cap stock. Reasons to Invest: BOI AXA Tax Advantage Fund is given a decent return of 17.42% in the last 10 years. This fund has no debt instruments in its portfolio. The mid-cap stock comprises around 30% and small-cap stocks are just around 15%. The AUM of the fund is as high as Rs.2,034 crores and the expense ratio of the fund is at par with other funds at 2.36%.įund Allocation: Aditya Birla Sun Life Tax Relief 96 has a major proportion of around 55% of large-cap stocks in its portfolio. This fund is able to generate a 28% return over the last 10 years. Reasons to Invest: Aditya Birla Sun Life Tax Relief 96 is more than 2 decades old mutual fund consistently beating its benchmark S&P BSE 200. The mid-cap weights are higher than peers. The fund has maintained a 55-60 % of large-cap stocks, 35-40% of mid-cap stocks, with a marginal small-cap allocation. The AUM of the fund is as high as Rs.5,879 crores and the expense ratio of the fund is at par with other funds at 2.46%.įund Allocation: Axis Long Term Equity Fund portfolio allocation comprises 3.50% of debt instruments and remaining 96.50% of equity. Axis Long Term Equity Fund has given a return of around 21.50% over the past 10 years. Reasons to Invest: Axis Long Term Equity Fund is a clear winner amongst the ELSS Tax Savings Mutual Funds category (not considering Mirae Asset Tax Saver in the competition). Read: 10 Best SIP Mutual Funds in India to Invest in 2020 #1. I haven’t included in the list because it is just 4 years old but it has outperformed every other ELSS fund in the list. SBI Magnum Constant Maturity Fund Regular GrowthĪnother plan that is worth mentioning here is the Mirae Asset Tax Saver Fund with a 15.93% return in 3 years. Tata India Tax Savings Fund Regular Growth The fund has an expense ratio of 0.72%.BNP Paribas Long Term Equity Fund (ELSS) Growth Exit load of 0.25% if redeemed within 30 days. The AUM of Tata Digital India Fund is Rs 1,464 Crs. The top 5 holdings are Infosys, L&T Infotech, HCL, Persistent Systems, and Tech Mahindra. The minimum SIP amount for this scheme is Rs 500. Since its inception, Tata Digital India Fund Direct-Growth has returned 116.84 percent in the first year, 126.47 percent in the second year, and 232.18 percent in the third year. Meeta Shetty is the fund manager for this plan, which was launched on December 28, 2015. Tata Mutual Fund's Tata Digital India Fund Direct-Growth is an equity mutual fund strategy.
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