Which is the best ELSS mutual fund to invest currently?
Top Mutual Fund Schemes to Invest
- Nippon India Tax Saver (ELSS) Direct-G.
- LIC MF Tax Plan Direct-G.
- Principal Personal Tax Saver Direct.
- Canara Robeco Equity Tax Saver Direct-G.
- SBI Long Term Equity Fund Direct-G.
- Baroda ELSS 96 Direct-G.
- BNP Paribas Long Term Equity Direct-G. 63.4130.
- Union Long Term Equity Direct-G. 43.6400.
Which is the best ELSS to invest in 2021?
List of Top ELSS Funds to Invest in 2021
- Mirae Asset Tax Saver Fund.
- Canara Robeco Equity Taxsaver fund.
- DSP Tax Saver Fund.
- Axis Long Term Equity Fund.
- ICICI Prudential Long Term Equity Fund Tax Saving.
- SBI Magnum Long Term Equity Scheme.
- BNP Paribas Long Term Equity Fund.
Which mutual fund is best for lumpsum investment?
What Are the Best Mutual Funds for Lumpsum Investment?
| Fund Name | Fund Category | 5 Year Returns |
|---|---|---|
| Quant Tax Plan | ELSS | 23.92\% |
| PGIM India Flexicap Fund | Flexi-cap Funds | 20.62\% |
| Mirae Asset Emerging Bluechip Fund | Large and Midcap Funds | 21.74\% |
| PGIM India Midcap Opportunities Fund | Midcap Funds | 21.42\% |
What is the best investment in current scenario?
Best Investment Options In India
- Public Provident Fund (PPF)
- National Savings Certificate (NSC)
- Government Bonds.
- National Pension Scheme (NPS)
- Sovereign Gold Bonds (SGBs)
- Equity Mutual Funds.
- Gold Exchange-Traded Funds (ETFs)
- Bottom Line.
Which mutual fund is best in 2020?
Top 10 Mutual Funds in India 2020
- ICICI Prudential Focused Bluechip Equity Fund.
- Aditya Birla Sun Life Small & Midcap Fund.
- Tata Equity PE Fund.
- HDFC Monthly Income Plan – MTP.
- L Tax Advantage Fund.
- SBI Nifty Index Fund.
- Kotak Corporate Bond Fund.
- Canara Robeco Gilt PGS.
Which are ELSS funds?
An Equity Linked Saving Scheme (ELSS) is an open-ended equity mutual fund that invests primarily in equities and equity-related products. They are a special category among mutual funds that qualify for tax deductions under Section 80C of the Income Tax Act, 1961.
What are the best ELSS funds Quora?
Tata India Tax Savings Fund.
Which is the Best Tax Saver plan in India?
Best Tax-Saving Investments Under Section 80C
| Investment | Returns | Lock-in Period |
|---|---|---|
| ELSS Fund | 15\%-18\% | 3 years |
| National Pension Scheme (NPS) | 12\%-14\% | Till Retirement |
| Unit Linked Insurance Plan (ULIP) | Returns vary from plan to plan | 5 years |
| Public Provident Fund (PPF) | 7\%-8\% | 15 years |
Which mutual fund scheme is best in India?
The table below shows the best equity funds:
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| ICICI Prudential Technology Fund | 33.71\% | 44.16\% |
| Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan | 33.96\% | 43.89\% |
| TATA Digital India Fund DIRECT Plan Growth | 35.85\% | 43.73\% |
| SBI Technology Opportunities Fund – Direct Plan – Growth | 30.57\% | 40.41\% |
Which is the best mutual fund to invest in 2020?
What are the best investments right now in India?
Now, let us take a quick understanding of each of the best investment options with high returns in India 2021 one by one:
- Unit Linked Insurance Plan (ULIP)
- Public Provident Fund (PPF)
- Mutual Fund.
- Bank Fixed Deposits.
- National Pension Scheme (NPS)
- Senior Citizen Savings Scheme.
- Direct Equity.
- Real Estate Investment.
Which is the best investment plan in India for middle class 2021?
Top Investment Plans for Middle-Class Family in India with their Returns
| Investment Type | Duration | Approximate Returns |
|---|---|---|
| Bank Fixed Deposits (FD) | 7 days to 10 years | 2.5\% – 5.5\% p.a. |
| Corporate Deposits (CD) | 1 to 5 years | 6 – 8\% p.a. |
| SIP in Equity Mutual Funds | 3 to 5 years | 8\%-15\% p.a |
| Stock Market | 3 to 12 months | 10 – 50\% |
What is lumpsum investment in ELSS?
Making a lumpsum investment at the start of a financial year can help an investor earn substantial tax benefits under Section 80C of the Income Tax Act, up to Rs. 1.5 Lakh from the total taxable income, which can be filed with Income Tax return. It allows greater returns as well for long-term investments in ELSS.
What is ELSs and how does it work?
ELSS, or Equity Linked Savings Scheme, is one of the most sought-after Mutual Fund schemes in the Indian financial market. It can act as an excellent capital boosting investment other than being eligible for substantial tax benefits as per Section 80C of the Income Tax Act of India.
Should you invest in ELSS funds?
Investing in ELSS is ideal for new investors as they build a habit of investing while being exposed to significantly less risk. As they invest a smaller but fixed sum over a longer time frame, they gain exposure to the stock market and equity-linked schemes.
Should you redeem ELSS funds just after the lock-in period?
Investing in any other category of mutual funds by redeeming from ELSS just after completion of the lock-in period is never recommended by experts, and this might not even help the investor to fetch better returns. Redemption should be made only if you find that the ELSS fund you are holding is not performing as per your expectation.