Top 7 ELSS funds with up to nearly 10X returns in last 10 years
Top 7 ELSS Funds: Equity Linked Savings Scheme (ELSS) is a category of mutual fund that is known as the tax saver. Its standout feature is that deposits up to Rs 1.50 lakh in ELSS fund(s) are tax exempted under Section 80C of the Income Tax Act. But they are not just a tool to save tax, many of the ELSS funds have given returns above 17 per cent in the last 10 years. The top-most fund, Quant ELSS Tax Saver Fund, has beaten the Nifty 50 benchmark comprehensively. Know about the top 7 ELLS funds in the last decade, and how an investment of Rs 1 lakh in each of these funds has grown to-
ELSS funds are also known as tax saver funds. Photo: Unsplash/Representational