Which is the best ELSS scheme in India?
The table below shows the top-performing ELSS mutual funds based on the past five year returns:
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| BOI AXA Tax Advantage Fund Regular Growth | 20.95\% | 29.79\% |
| Canara Robeco Equity Tax Saver Fund – Direct Plan – Growth | 22.15\% | 26.73\% |
| Mirae Asset Tax Saver Fund – Direct Plan – Growth | 24.25\% | 26.61\% |
Which fund is best for ELSS?
Best ELSS Funds ranked by ETMONEY on performance consistency & downside protection
- L Tax Advantage Fund.
- Franklin India Taxshield Fund.
- HDFC Taxsaver Fund.
- Sundaram Diversified Equity Fund.
- Aditya Birla Sun Life Tax Relief 96 Fund.
- Quantum Tax Saving Fund.
- Nippon India Tax Saver (ELSS) Fund.
- Parag Parikh Tax Saver Fund. N.A.
How do you pick ELSS funds?
Here are five pointers to keep in mind while selecting an ELSS in sync with your risk appetite and financial goal.
- Market Cap Composition Of The Portfolio.
- Understand The Concentration Risk And Over-diversification.
- Check The Expense Ratio Of The ELSS Fund.
- Check The Basic Parameters.
Which are the top 10 ELSS mutual funds in India?
Top 10 Elss Mutual Funds Fund Name 1Y Returns Rating Fund Size (in Cr) Quant Tax Plan Fund 89.1\% 5 star ₹ 327 Mirae Asset Tax Saver Fund 63.1\% 5 star ₹ 8,739 Canara Robeco Equity Tax Saver 65.5\% 5 star ₹ 2,469 BOI AXA Tax Advantage Fund 71.2\% 4 star ₹ 490
What is ELSS mutual fund?
Equity-Linked Savings Scheme or ELSS is an open-ended equity mutual fund. The best ELSS mutual funds invest in equity and equity-related securities of companies across the market segment. Investments in ELSS mutual funds are eligible for tax benefits under section 80C of the Income Tax Act.
How to invest in ELSS funds under Section 80C?
This period is less than most other investment avenues available under section 80C. You can make a lump-sum investment or start a SIP to invest in best performing ELSS funds in India. The minimum amount of SIP allowed for investing in ELSS mutual fund is Rs 500.