Top 10 ELSS Mutual Funds in 5 Years: Rs 25,00,000 lump sum investment in No. 1 scheme has jumped to Rs 56.3 lakh

ELSS or Equity Linked Savings Scheme is an equity-based mutual fund that invests in stocks and provides both wealth creation and tax-savings benefits. Most tax-saving schemes have lock-in periods, and ELSS does too. They have a mandatory three-year lock-in. This means you can not withdraw money for three years. However, this is the shortest lock-in period among Section 80C tax-savings investments like five-year tax-saving FDs and 15-year PPF. Section 80C tax benefits are available under the old tax regime only, and there is no such benefit in the new tax regime. The good thing about mutual fund investment is that your money is being managed by professional fund managers. The returns in ELSS are not fixed as they are market-linked investments and are subject to market volatility.

In this article, we will discuss more about ELSS mutual funds. Also, know what a Rs 25,00,000 lump sum (one-time) investment in the top 10 mutual funds has given in the 5-year time frame.

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