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Top 5 Tax-saving ELSS MFs in 5 Years: See how Rs 80,000 investment has grown up to Rs 3.54 lakh
- Written by Anamika Singh
Published: Zee Business| Updated: Zee Business
ELSS, or Equity-Linked Savings Schemes, are tax-saving mutual funds that primarily invest in equities. It allows investors to claim tax deductions under Section 80C of the Income Tax Act, with a mandatory 3-year lock-in period. While ELSS funds have a 3-year lock-in, you can still invest for a longer period (like 5 years) by continuing to invest through Systematic Investment Plans (SIPs) or lump sums, ensuring each investment is held for the 3-year lock-in. On that note, explore top tax savings ELSS funds in which a lump sum investment of Rs 80,000 has grown to Rs 2.87 lakh in 5 years. Take a look.
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DISCLAIMER: Not financial advice; invest at your own risk
1/10
DSP ELSS Tax Saver Fund
1/10DSP ELSS Tax Saver Fund has given 27.35 per cent annualised SIP returns in 5 years. Its assets under management (AUM) are Rs 16,218 crore, while its net asset value (NAV) is Rs 138.9. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 17.48 per cent since its launch in January 2013.
2/10
DSP ELSS Tax Saver Fund
2/10With an expense ratio of 0.75 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 80,000 in 5 years, the fund has given a total of Rs 2,68,000.
3/10
Motilal Oswal ELSS Tax Saver Fund
3/10Motilal Oswal ELSS Fund has given 26.28 per cent annualised SIP returns in 5 years. Its assets under management (AUM) are Rs 3,817 crore, while its net asset value (NAV) is Rs 48.27. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 16.54 per cent since its launch in December 2014.
4/10
Motilal Oswal ELSS Tax Saver Fund
4/10With an expense ratio of 0.7 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 80,000 in 5 years, the fund has given a total of Rs 2,57,000.
5/10
HDFC ELSS Tax Saver Fund
5/10HDFC ELSS Tax Saver Fund has given 28.02 per cent annualised SIP returns. Its assets under management (AUM) are Rs 14,671 crore, while its net asset value (NAV) is Rs 1,357.11 Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 14.91 per cent since its launch in January 2013.
6/10
HDFC ELSS Tax Saver Fund
6/10With an expense ratio of 1.11 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 80,000 in 5 years, the fund has given a total of Rs 2,75,000.
7/10
SBI Long Term Equity Fund
7/10In 5 years, SBI Long Term Equity Fund has given 29.07 per cent annualised SIP returns. Its assets under management (AUM) are Rs 27,730 crore, while its net asset value (NAV) is Rs 419.17. Benchmarked against BSE 500 TRI, the fund has given annualised returns of 15.99 per cent since its launch in January 2013.
8/10
SBI Long Term Equity Fund
8/10With an expense ratio of 0.95 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 80,000 in 5 years, the fund has given a total of Rs 2,87,000.
9/10
Quant ELSS Tax Saver Fund
9/10In 5 years, Quant ELSS Tax Saver Fund has given 34.63 per cent annualised SIP returns. Its assets under management (AUM) are Rs 10,405 crore, while its net asset value (NAV) is Rs 353.61. Benchmarked against BSE 500 TRI, the fund has given annualised returns of 19.66 per cent since its launch in January 2013.
10/10
Quant ELSS Tax Saver Fund
10/10With an expense ratio of 0.5 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 80,000 in 5 years, the fund has given a total of Rs 3,54,000.
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