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Top ELSS mutual funds in terms of performance in August

Updated : 2019-09-11 09:36:15

Equity mutual fund schemes recorded a 12 percent month-on-month rise in net inflows in August to Rs 9,090 crore. However, inflows from systematic investment plans (SIPs) have declined marginally. Indian stocks faced heightened volatility in August amid a slowdown in the economy and continued foreign outflows. The BSE Sensex and NSE’s Nifty 50 fell 0.4 percent and 0.85 percent, respectively, in August. Foreign investors remained net sellers in the month, pulling out Rs 5,920.02 crore from the capital market. Let’s look at top-performing ELSS mutual fund schemes in August. According to Value Research data, Aditya Birla Sun Life Tax Relief 96, HDFC Taxsaver Fund and Parag Parikh Tax Saver Fund were among the best performing ELSS funds in August.

Aditya Birla Sun Life Tax Relief 96 | 1 Month: 0.77 percent | 1 Year: -12.03 percent | Expense Ratio: 2.04 percent | Net Assets: Rs 8,416 crore
Aditya Birla Sun Life Tax Relief 96 | 1 Month: 0.77 percent | 1 Year: -12.03 percent | Expense Ratio: 2.04 percent | Net Assets: Rs 8,416 crore
HDFC Taxsaver Fund | 1 Month: 0.77 percent | 1 Year: -10.01 percent | Expense Ratio: 1.97 percent | Net Assets: Rs 6,783 crore
HDFC Taxsaver Fund | 1 Month: 0.77 percent | 1 Year: -10.01 percent | Expense Ratio: 1.97 percent | Net Assets: Rs 6,783 crore
Parag Parikh Tax Saver Fund - Regular Plan | 1 Month: 0.7 percent | 1 Year: NA | Expense Ratio: Not Available | Net Assets: Not Available
Parag Parikh Tax Saver Fund - Regular Plan | 1 Month: 0.7 percent | 1 Year: NA | Expense Ratio: Not Available | Net Assets: Not Available
BOI AXA Tax Advantage Fund - Regular Plan | 1 Month: 0.25 percent | 1 Year: -11.14 percent | Expense Ratio: 2.65 percent | Net Assets: Rs 220 crore
BOI AXA Tax Advantage Fund - Regular Plan | 1 Month: 0.25 percent | 1 Year: -11.14 percent | Expense Ratio: 2.65 percent | Net Assets: Rs 220 crore
IDBI Equity Advantage Fund - Regular Plan | 1 Month: 0.16 percent | 1 Year: -9.52 percent | Expense Ratio: 2.47 percent | Net Assets: Rs 547 crore
IDBI Equity Advantage Fund - Regular Plan | 1 Month: 0.16 percent | 1 Year: -9.52 percent | Expense Ratio: 2.47 percent | Net Assets: Rs 547 crore
UTI Long Term Equity Fund | 1 Month: 0.16 percent | 1 Year: -8.02 percent | Expense Ratio: 2.47 percent | Net Assets: Rs 1,146 crore
UTI Long Term Equity Fund | 1 Month: 0.16 percent | 1 Year: -8.02 percent | Expense Ratio: 2.47 percent | Net Assets: Rs 1,146 crore
Franklin India Taxshield Fund | 1 Month: 0.15 percent | 1 Year: -7.81 percent | Expense Ratio: 1.86 percent | Net Assets: Rs 3,773 crore
Franklin India Taxshield Fund | 1 Month: 0.15 percent | 1 Year: -7.81 percent | Expense Ratio: 1.86 percent | Net Assets: Rs 3,773 crore
LIC MF Tax Plan | 1 Month: 0.13 percent | 1 Year: -2.88 percent | Expense Ratio: 2.58 percent | Net Assets: Rs 227 crore
LIC MF Tax Plan | 1 Month: 0.13 percent | 1 Year: -2.88 percent | Expense Ratio: 2.58 percent | Net Assets: Rs 227 crore
Shriram Long Term Equity Fund - Regular Plan | 1 Month: 0.03 percent | 1 Year: NA | Expense Ratio: 2.55 percent | Net Assets: Rs 21 crore
Shriram Long Term Equity Fund - Regular Plan | 1 Month: 0.03 percent | 1 Year: NA | Expense Ratio: 2.55 percent | Net Assets: Rs 21 crore
Mahindra Mutual Fund Kar Bachat Yojana - Regular Plan | 1 Month: 0.01 percent | 1 Year: -10.37 percent | Expense Ratio: 2.42 percent | Net Assets: Rs 324 crore
Mahindra Mutual Fund Kar Bachat Yojana - Regular Plan | 1 Month: 0.01 percent | 1 Year: -10.37 percent | Expense Ratio: 2.42 percent | Net Assets: Rs 324 crore
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