What is the best ELSS investment for 2021?
Best ELSS Funds ranked by ETMONEY on performance consistency & downside protection
- Quant Tax Plan. Consistency.
- Mirae Asset Tax Saver Fund. Consistency.
- Canara Robeco Equity Tax Saver Fund.
- Kotak Tax Saver Fund.
- UTI Long Term Equity Fund.
- Consistency.
- BNP Paribas Long Term Equity Fund.
- PGIM India Long Term Equity Fund.
Which are the top 5 mutual funds?
Axis Bluechip Fund. Mirae Asset Large Cap Fund. Parag Parikh Long Term Equity Fund. Kotak Standard Multicap Fund.
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 difference between ELSs and mutual funds?
Returns earned Every investor looks to invest in a scheme that offers them the best returns. Lock-in period ELSS funds have a lock-in period of three years. Tax implication As per the Section 80C, investors can avail tax-exemption up to limit of Rs. Risk factor Equity-linked investment schemes have a direct connection to the stock market.
Is ELSS better than PPF?
Is it better to invest in ELSS than PPF considering a long term horizon? A. Yes, one should prefer ELSS over PPF in the long term as the former will be able to multiply your wealth much faster because of the superior risk adjusted returns they generate.
What is difference between equity funds and ELSS?
3 years lock-in period while equity funds have no lock-in period.