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Top 7 ELSS Mutual Funds in 5 Years: Rs 20,00,000 lump sum investment in No. 1 scheme has jumped into Rs 70.3 lakh
- Written by Bhawna Gupta
Published: Zee Business| Updated: Zee Business
ELSS funds are the mutual funds that offer dual benefits of wealth creation and tax savings. As the name suggests, Equity Linked Savings Scheme or ELSS invests atleast 80 per cent of its assets and equities or equity-linked instruments. By investing in ELSS, you can take advantage of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. This is only available for the taxpayers who opt old tax regime. ELSS comes with a mandatory 3-year lock-in period. Like any other mutual fund, these funds are also subject to market risks.
In this article, we will take a look at the top seven ELSS mutual funds that have given the highest returns in the last five years. Also, look at the calculations of a Rs 20 lakh lump sum investment in these funds and know which one has given the best returns.
Images: Pixabay
1/7
Quant ELSS Tax Saver Fund Direct-Growth
1/7In five years, Quant ELSS Tax Saver Fund has given a 28.6 per cent annualised return. Its assets under management (AUM) are Rs 11,854 crore, while its net asset value (NAV) is Rs 424.9 as of October 24. With a lump sum investment of Rs 20,00,000, the fund has jumped to Rs 70,34,526 in five years, calculations show.
2/7
Motilal Oswal ELSS Tax Saver Fund Direct-Growth
2/7In five years, Motilal Oswal ELSS Tax Saver Fund has given a 26.9 per cent annualised return. Its assets under management (AUM) are Rs 4,377 crore, while its net asset value (NAV) is Rs 60.6 as of October 24. With a lump sum investment of Rs 20,00,000, the fund has jumped to Rs 65,81,701 in five years, calculations show.
3/7
HDFC ELSS Tax Saver Fund Direct Plan-Growth
3/7HDFC ELSS Tax Saver Fund has delivered a 26.3 per cent annualised return over the past five years. Its assets under management (AUM) are Rs 16,645 crore, while its net asset value (NAV) is Rs 1,576.9 as of October 20. With a lump sum investment of Rs 20,00,000, the fund has jumped to Rs 64,27,570 in five years, calculations show.
4/7
SBI ELSS Tax Saver Fund Direct-Growth
4/7In five years, the SBI ELSS Tax Saver Fund has given a 25.95 per cent annualised return. Its assets under management (AUM) are Rs 30,420 crore, while its net asset value (NAV) is Rs 482.5 as of October 24. With a lump sum investment of Rs 20,00,000, the fund has jumped to Rs 63,39,002 in five years, calculations show.
5/7
Bandhan ELSS Tax Saver Fund Direct Plan-Growth
5/7Bandhan ELSS Tax Saver Fund has delivered a 24.7 per cent annualised return over the past five years. Its assets under management (AUM) are Rs 6,948 crore, while its net asset value (NAV) is Rs 179.6 as of October 24. With a lump sum investment of Rs 20,00,000, the fund has jumped to Rs 60,30,625 in five years, calculations show.
6/7
Franklin India ELSS Tax Saver Fund Direct-Growth
6/7Franklin India ELSS Tax Saver Fund has delivered a 24.3 per cent annualised return over the past five years. Its assets under management (AUM) are Rs 6,531 crore, while its net asset value (NAV) is Rs 1,679.7 as of October 20. With a lump sum investment of Rs 20,00,000, the fund has jumped to Rs 59,34,521 in five years, calculations show.
7/7
DSP ELSS Tax Saver Fund Direct Plan-Growth
7/7In five years, DSP ELSS Tax Saver Fund has given a 24.2 per cent annualised return. Its assets under management (AUM) are Rs 16,749 crore, while its net asset value (NAV) is Rs 157.6 as of October 20. With a lump sum investment of Rs 20,00,000, the fund has jumped to Rs 59,10,688 in five years, calculations show.
Investing in mutual funds is subject to market risks. Consult your advisor before making any investment.
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