ELSS likely to give over 15 per cent returns in next two years

The end of this financial year is near with only a few more days left. Now, there may be an eleventh-hour rush to seek and invest in avenues that help limit tax outgo under the Income Tax Act. One such option is deduction under Section 80C, which offers a maximum deduction of up to Rs 1.5 lakh in a given financial year. You can claim deduction under this section by investing in avenues like life insurance, Public Provident Fund (PPF), Equity-Linked Savings Schemes (ELSS), Sukanya Samriddhi Yojana (SSY), National Savings Certificate (NSC) & Senior Citizens Savings Scheme (SCSS) and even payments made towards the principal sum of a home loan. Among the available options, ELSS has the shortest lock-in period of three years. Moreover, as they invest in equity, the return expectation is also high. This makes ELSS score over other avenues. Here is the list of ELSS schemes that are likely to generate returns of over 15 per cent in a couple of years. Further, to know more about the funds, click on their respective names.