Best Performing ELSS In Last 3 Years

As we are approaching the end of financial year, most of us are concerned to save our taxes under section 80C of Income Tax Act, 1961. In order to save your money from taxes, we are considering the equity based mutual funds which offer you the tax benefits under section 80C.

ELSS - stands for Equity Linked Saving Scheme, which are open ended, diversified equity based schemes with a lock in period of minimum 3 years.

To arrive at the table we used the below mentioned filters:

• We have considered schemes having AUM of more than Rs 100 crore.
• We have considered returns in last 3 years.
• The final table is based on top 5 mutual funds given highest returns in last 3 years.

Let us look at the top 5 ELSS:

Axis Long Term Equity : The fund invests in equity based strong growth oriented companies and focuses on to generate long term capital growth on regular basis. In addition, the scheme is not market cap bias and provides flexibility to invest across various sectors. 

BNP Paribas Tax Advantage Plan : The objective of this scheme is to invest in long term capital growth stocks. It has major investments in sectors such as Financial, communication, Technology and FMCG, with the companies HDFC Bank, ICICI Bank, Bharti Airtel, ITC, Infosys, Wipro etc. 

Religare Invesco Tax Plan : This scheme has a concentrated, well-structured portfolio of about 50 stocks. It aims at no over diversification to reduce investors return. Around half of this fund’s portfolio is invested in large cap stocks and the remaining half is invested across midcap and small cap stocks. Since inception, the fund has its major investments in the stocks of Maruti Suzuki India. Their other invested stock includes Reliance Industries, BHEL, Bharti Airtel, Britannia Industries etc.

IDFC Tax Advantage (ELSS) Reg : The fund seeks to build portfolio of fundamentally strong companies with a fair valuation. In this, 80% of the investment is made in equities and up to 20% into debt & money market instruments. 

Franklin India Taxshield : The scheme has a goal to derive steady growth from diversified portfolio across various stocks. The fund has a portfolio of large-cap and mid-cap blue-chips stocks. It invests in equities along with the exposure into the PSU bond, debentures and other money market instruments.