The fund has 80 percent of its assets invested into large-cap stocks, 14 percent in mid-cap and 7 percent in small-cap. This fund is considered to be moderately high risk and has beaten the benchmark in both the 3 year and 5 year periods. Those seeking a more conservative tax saver scheme this year, look no further as this one is the best. The five years and one year return of the fund is lower than that of the benchmark and in hopes of a revival, Sankaran Naren, the Chief Investment Officer of ICICI AMC, in November 2019 took over This ELSS Mutual fund as the fund manager.ħ3 percent of the assets of the fund are parked in large-cap with the remaining distributed between mid and small-cap. With a return of 19.75 percent since launch and 12.95 percent over a 10 year period, ICICI Prudential Long Term Equity Fund has been one of those in the best tax saving mutual funds category that provides consistently high returns. ICICI Prudential Long Term Equity Fund – Direct.The fund has 45 stocks with the top 5 stocks constituting nearly 40% of the portfolio as a whole.įor those willing to take on a reasonable amount of risk, this slightly aggressive fund is a great bet for 2019-20. The asset allocation of the fund leans stronger towards mid and small-cap with a total of 51 percent in the same. 1,33,44,754.Ījay Garg, a well-experienced fund manager, has been with this ELSS Mutual fund since 2006. 1,00,000 invested at inception will now be worth Rs. Since launching in 1996, this fund has given a return of 23.71 percent. Aditya Birla Sun Life Tax Relief 96 – Direct.The concentrated strategy adopted by fund manager Jinesh Gopani is unique to his style reflecting his research and convictions. The fund has 32 stocks with the top 5 stocks constituting nearly 40% of the portfolio as a whole. The asset allocation of the fund is segregated as 75 percent in large-cap, 23 percent in mid-cap and 2 percent in small-cap which indicates that there is a degree of safety in case of market volatility. Year after year, it has been a top performer continuing to beat its peers and grow in size and popularity. Source: Value Research, Data as on 25 th November 2019Įver since its inception, Axis Long Term Equity Fund has been an investor’s favorite Elss Mutual fund in the tax-saving space. If we look at the trailing returns, we can see that the fund has outperformed the S&P BSE 200 TRI.
Holding market leaders like HDFC Bank, ICICI Bank, and Reliance Industries will ensure that the fund remains stable during times of turmoil. This indicates that the assets of the portfolio have been well diversified. The portfolio holds 59 stocks of which the top 5 stocks make up 30 percent of the portfolio. The fund holds 71 percent of its portfolio in large-cap while the remaining 29 percent is allocated to mid-cap and small-cap. The fund has managed to successfully beat its peers and outperform its benchmark with a high margin. The fund does not have a long track record, and despite that, it has become a popular option amongst investors as the fund is consistently generating high returns. Mirae Asset Tax Saver Fund is handled by the renowned fund manager Neelesh Surana. Motilal Oswal Long Term Equity Fund – Direct ICICI Prudential Long Term Equity Fund – Direct 1.7 Motilal Oswal Long Term Equity Fund – DirectĪditya Birla Sun Life Tax Relief 96 – Direct.1.5 Tata India Tax Savings Fund – Direct.1.4 ICICI Prudential Long Term Equity Fund – Direct.1.3 Aditya Birla Sun Life Tax Relief 96 – Direct.1.2 Axis Long Term Equity Fund – Direct.1.1 Mirae Asset Tax Saver Fund – Direct.