Which mutual funds are best for next 5 years?
Best SIP Plans for 5 And 3 Years in Equity Funds and Debt Funds
| Fund Name | 5 years Return | 3 years Return |
|---|---|---|
| HDFC Balance Advantage Fund | 15.50\% | 16.60\% |
| ICICI Prudential Bluechip Fund | 10.81\% | 8.48\% |
| Kotak Standard Multicap Fund | 13.24\% | 11.14\% |
| Quant Infrastructure Fund | 24.14\% | 38.02\% |
Which type of mutual fund is best for long term?
List of Long Duration Mutual Funds in India
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Quant Tax Plan Fund | Equity | 64.0\% |
| Quant Active Fund | Equity | 59.1\% |
| Axis Small Cap Fund | Equity | 58.2\% |
| PGIM India Flexi Cap Fund | Equity | 45.1\% |
Which is the best ELSS fund to invest?
Top 5 tax saving ELSS mutual funds to invest in 2021 Axis Long Term Equity Fund BOI AXA Tax Advantage Fund Canara Robeco Equity Tax Saver Fund DSP Tax Saver Fund Mirae Asset Tax Saver Fund. The actual selection of stocks within the industry also matters. In addition, diversification across large-mid-cap stocks also determines the returns in the long run.
Should you invest in ELSS mutual funds to save tax?
Equity Linked Savings Scheme or ELSS Mutual Funds are also known as tax saving Mutual funds. As the name suggests, they are one of the best investment options for you to save tax. They provide you with the duel benefit of saving tax as well as capital appreciation.
Do ELSS funds give better returns than PPF?
So where PPF returns average around 8\%, tax saving ELSS mutual funds have the potential to deliver a much superior return – a 12\% to 15\% average returns is possible, but not guaranteed. And the top best ELSS funds have given much better returns than these average returns.
What is the tax benefit in investing in ELSS?
Benefits of Investing in ELSS. Since Equity Linked Savings Scheme is essentially an equity scheme,it has the potential to deliver exponential returns in the long run.