Top performing ELSS Funds in the last three years
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
Equity Linked Saving Scheme (ELSS) is an open-ended equity-oriented scheme with a statutory lock-in period of three years.
Generally, a mutual fund offers a variety of schemes with the aim to cater to different types of investors. In India, people are always in search of instruments that offer them to save their taxes. Looking at this desire of investors mutual funds came up with the tax-saving scheme known as Equity Linked Saving Scheme (ELSS). This is an open-ended equity-oriented scheme with a statutory lock-in period of three years. The scheme invests at least 80 per cent of total assets towards equity and equity-related instruments. Tax benefits are the most attractive aspect of these funds and you get tax benefit u/s 80C of Income Tax Act, 1961 up to Rs 1.5 lakh.
Following table depicts the top ELSS Funds based on the three-year return along with its AUM and Expense ratio:
|
Fund Name |
3-Year Return |
Expense ratio |
AUM (in Crs.) (as of 31st Oct 2021) |
|
Quant Tax Plan |
36.98 per cent |
0.57 per cent |
₹487 |
|
BOI AXA Tax Advantage Fund |
28.90 per cent |
1.54 per cent |
₹519 |
|
Mirae Asset Tax Saver Fund |
25.22 per cent |
0.43 per cent |
₹10,146 |
|
Canara Robeco Equity Tax Saver Fund |
25.16 per cent |
0.75 per cent |
₹2,893 |
|
DSP Tax Saver Fund |
22.70 per cent |
0.81 per cent |
₹9,805 |
|
Union Long Term Equity |
22.60 per cent |
1.98 per cent |
₹449 |
|
UTI Long Term Equity Fund |
22.56 per cent |
1.15 per cent |
₹3,046 |
|
JM Tax Gain Fund |
22.54 per cent |
1.69 per cent |
₹66 |
|
Kotak Tax Saver Fund |
22.25 per cent |
0.72 per cent |
₹2,323 |
|
Axis Long Term Equity Fund |
22.21 per cent |
0.74 per cent |
₹34,235 |