ELSS mutual fund investment comes with the dual benefit of tax deductions and wealth accumulation over time. As mentioned above, ELSS mutual funds have a lock-in period of just 3 years, the shortest among all other tax-saving investments considered under Section 80C in India, and may have the potential to offer the highest returns among all other 80C options.
Most ELSS funds invest across a diverse group of companies, ranging from small cap to large cap and across various sectors. This practice allows investors to add an element of diversification to their investment portfolio. On that note, explore the top 5 tax-saving ELSS Mutual funds with the highest returns. See how Rs 2.5 lakh invested in No. 1 fund has grown to Rs 10.7 lakh in just 5 years.
Quant ELSS Tax Saver Fund
Quant ELSS Tax Saver Fund has given a 33.76 per cent annualised return in 5 years. Its assets under management (AUM) are Rs 11,329 crore, while its net asset value (NAV) is Rs 399.32. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 20.5 per cent since its launch in January 2013.
With an expense ratio of 0.52 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 2.5 lakh in 5 years, the fund has given a total corpus of Rs 10,70,000.
SBI Long Term Equity Fund
In 5 years, SBI Long Term Equity Fund has given a 28.91 per cent annualised return. Its assets under management (AUM) are Rs 29,667 crore, while its net asset value (NAV) is Rs 467.55. Benchmarked against BSE 500 TRI, the fund has given annualised returns of 16.74 per cent since its launch in January 2013.
With an expense ratio of 0.93 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 2.5 lakh in 5 years, the fund has given a total corpus of Rs 8,90,000.
Motilal Oswal ELSS Tax Saver Fund
Motilal Oswal ELSS Fund has given a 28.74 per cent annualised return in 5 years. Its assets under management (AUM) are Rs 4,360 crore, while its net asset value (NAV) is Rs 58.88. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 18.45 per cent since its launch in December 2014.
With an expense ratio of 0.64 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 2.5 lakh in 5 years, the fund has given a total corpus of Rs 8,84,000.
HDFC ELSS Tax Saver Fund
In 5 years, HDFC ELSS Tax Saver Fund has given a 27.80 per cent annualised return. Its assets under management (AUM) are Rs 16,454 crore, while its net asset value (NAV) is Rs 1,504.47. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 15.61 per cent since its launch in January 2013.
With an expense ratio of 1.05 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 2.5 lakh in 5 years, the fund has given a total corpus of Rs 8,52,000.
DSP ELSS Tax Saver Fund
DSP ELSS Tax Saver Fund has given a 26.67 per cent annualised return in 5 years. Its assets under management (AUM) are Rs 16,974 crore, while its net asset value (NAV) is Rs 153.39. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 18.12 per cent since its launch in January 2013.
With an expense ratio of 0.74 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a lump sum investment of Rs 2.5 lakh in 5 years, the fund has given a total corpus of Rs 8,15,000.
Disclaimer: For information only, consult an advisor before investing