Jan 18, 2024, 01:56 PM IST
Equity Linked Saving Scheme (ELSS) are mutual funds that provide tax exemption under Section 80C of the Income Tax Act.
One can get a tax exemption up to Rs 1.50 lakh through an investment in ELSS. They come with a lock-in period of 3 years.
ELSS funds have given 29.08% returns in the last year and 18.50% returns in the 3 years (As per Value Research data as on Jan 17, 2024).
The NAV for its direct plan is Rs 360.57. It has Asset Under Management (AUM) of Rs 6839.60 crore.
The ELSS at No. 1 has given returns of 32.35% in the 3 years under its direct plan.
The fund's returns in the 3 years are 25.02%.Its AUM is Rs 13,159.30 crore.
Its NAV is Rs 1172.28.
It holds 3rd position with 24.94% returns.
The NAV for the fund is Rs 147.89, while the AUM is Rs 5903.42 crore.
The fund from the PSU bank has given a return of 24.71%.
Its NAV at present is Rs 363.01. It holds an AUM of Rs 19223.14 crore.
This fund has given returns of 23.88%.
Its NAV size is 158.26. The AUM for the fund is Rs 1057.00 crore.
The fund has returns of 23.59% in the 3 years.
The NAV for the fund is Rs 43.14. The AUM for it is Rs 2974.28 crore.
The fund in No. 7 position has given returns of 22.61% in the 3 years.
It has an NAV of Rs 26.88. Its AUM stands at Rs 2664.65 crore.
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