What is average return on ELSS?
Top 10 Best Tax Saver ELSS Mutual Funds
| Fund Name | 1 Year Returns | 5 Year Returns |
|---|---|---|
| Axis Long Term Equity Fund | 15.27\% | 13.2\% |
| Tata India Tax Savings Fund | 17.23\% | 13.76\% |
| Invesco India Tax Plan | 11.53\% | 11.98\% |
| Kotak Tax Saver | 13.99\% | 11.03\% |
What is a good 10 year return on a mutual fund?
For stock mutual funds, a “good” long-term return (annualized, for 10 years or more) is 8\%-10\%. For bond mutual funds, a good long-term return would be 4\%-5\%.
Which fund has the highest 10 year return?
Large-Company Stock Funds – 10 years
| FUND NAME | SYMBOL | 10-YR RETURN |
|---|---|---|
| Morgan Stanley Multi Cap Growth A | CPOAX | 24.46\% |
| Morgan Stanley Instl Growth Portfolio A | MSEGX | 24.31 |
| Transamerica Capital Growth A | IALAX | 23.52 |
| Fidelity Growth Company** | FDGRX | 23.18 |
Are ELSS returns guaranteed?
No. ELSS funds do not provide guaranteed returns, as they invest into equity shares of companies.
Which is the best mutual fund for high return?
List of Equity Mutual Funds in India
| Fund Name | Category | 1Y Returns |
|---|---|---|
| IIFL Focused Equity Fund | Equity | 36.5\% |
| Axis Growth Opportunities Fund | Equity | 45.0\% |
| Nippon India Pharma Fund | Equity | 18.7\% |
| Axis Midcap Fund | Equity | 40.2\% |
What are the best 5 star mutual funds?
5 Star Rated Funds
- Invesco India Infrastructure Fund(G) VRO Rating.
- BOI AXA Mfg & Infra Fund-Reg(G) VRO Rating.
- SBI Small Cap Fund-Reg(G) VRO Rating.
- Parag Parikh Flexi Cap Fund-Reg(G) VRO Rating.
- SBI Focused Equity Fund-Reg(G)
- BOI AXA Tax Advantage Fund-Reg(G)
- Mirae Asset Emerging Bluechip-Reg(G)
- Axis Midcap Fund-Reg(G)
What is the return on investment for ELSS?
ELSS v/s Other Tax-Saving Investment Instruments Tax-Saving Investment Options Lock-in Period Return Risk Profile ELSS 3 years 10\%-12\% High Fixed Deposit 5 years 6\%-7\% Low Public Provident Fund 15 years 7\%-8\% Low National Savings Certificate 5 years 7\%-8\% Low
What is ELSS (an equity linked savings scheme)?
An Equity Linked Savings Scheme (ELSS), popularly known as a tax-saving mutual fund, is the only mutual fund which qualifies for a tax deduction of up to Rs. 1.5 lakh annually under Section 80C of the Income Tax Act. As the name suggests, it is a type of open-ended equity fund.
How does the ELSS SIP calculator work?
The ELSS SIP Calculator would require details like the amount of the investment, the tenure of the SIP and the expected rate of returns. The calculator, based on these details, will be able to generate an estimated rate of return for your investment.
What is the capital gains tax on an ELSS?
In addition to qualifying for a tax deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act, the long-term capital gains earned on an ELSS are tax-free up to Rs. 1 lakh per annum. * 5-year weighted average return (with 50\% in equity and 25\% each in corporate bonds and government bonds) of NPS Tier-1 schemes.