Top 5 ELSS SIP Mutual Funds in 3 Years: The income tax filing season is on, but the ITR filing deadline of July 31, 2024, is near. Anyone who is keen on saving tax under the old tax regime thinks about various options that can give them tax relief through Section 80C deductions. When they talk about saving tax through mutual fund investments, Equity Linked Savings Scheme (ELSS) funds is the standout category. Investments up to Rs 1.50 lakh in a financial year in ELSS mutual funds give tax benefits under Section 80C of the Income Tax Act, 1961. Most ELSS funds are large-cap stock-heavy, so they can provide stability during market fluctuations. Not just stability, but a lot of bunch of ELSS funds have given up to 33.15 per cent annualised SIP returns (XIRR) in the three-year period. In this write-up, we will discuss features of those 5 funds and what Rs 12,500 monthly SIP, or Rs 1,50,00 investment in a year, in each fund has given in a three-year period.
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