Equity Linked Saving Schemes (ELSS) schemes are the potential long-term wealth creators. Their equity-oriented portfolio not only helps to save tax but also to generate inflation-beating returns over the long run. They come with a mandatory lock-in period of three years. Such lock in provides leeway to the fund managers to hold for long term. Most of the fund managers of ELSS schemes have been enjoying the comfort of managing a less active portfolio (they follow buy and hold strategy) on account of the lock-in. They identify the stocks that have a potential to generate return over the long run. Here is the list of top newly added stocks over the last six months, Data as of September 2023. Source: ACEMF.
2/11
Coforge No. of ELSS that newly added the stock: 12 Sample of ELSS that newly added: Aditya Birla SL ELSS Tax Relief 96, Canara Rob Equity Tax Saver and Edelweiss Long Term Equity Fund (Tax Savings)
3/11
Mankind Pharma No. of ELSS that newly added the stock: 10 Sample of ELSS that newly added: Axis Long Term Equity, ICICI Pru LT Equity Fund (Tax Saving) and Motilal Oswal ELSS Tax Saver Fund
LTIMindtree No. of ELSS that newly added the stock: 7 Sample of ELSS that newly added: Edelweiss Long Term Equity Fund (Tax Savings), LIC MF ELSS and NJ ELSS Tax Saver Scheme
Nestle India No. of ELSS that newly added the stock: 7 Sample of ELSS that newly added: Nippon India Tax Saver (ELSS), PGIM India ELSS Tax Saver and Sundaram Tax Savings Fund
7/11
Zomato No. of ELSS that newly added the stock: 7 Sample of ELSS that newly added: Aditya Birla SL ELSS Tax Relief 96, Axis Long Term Equity and Invesco India Tax Plan
Central Depository Services (India) No. of ELSS that newly added the stock: 6 Sample of ELSS that newly added: Canara Rob Equity Tax Saver, Invesco India Tax and NJ ELSS Tax Saver Scheme
Tech Mahindra No. of ELSS that newly added the stock: 6 Sample of ELSS that newly added: Baroda BNP Paribas ELSS, Canara Rob Equity Tax Saver and Kotak ELSS Tax Saver Fund
Info Edge (India) No. of ELSS that newly added the stock: 5 Sample of ELSS that newly added: Nippon India Tax Saver (ELSS), PGIM India ELSS Tax Saver and UTI ELSS Tax Saver Fund.
11/11
Interglobe Aviation No. of ELSS that newly added the stock: 4 Sample of ELSS that newly added: Groww ELSS Tax Saver, ICICI Pru LT Equity and Mirae Asset Tax Saver Fund
