ELSS Mutual Funds
Equity Linked Savings Schemes (ELSS) are a popular category of mutual funds that offer the dual benefit of tax savings and long-term wealth creation. These funds primarily invest in equities and come with a mandatory lock-in period of three years. Under Section 80C of the Income Tax Act, investments in ELSS are eligible for tax deductions of up to ₹1.5 lakh per financial year. As one of the most efficient tax-saving options available, ELSS not only helps reduce your taxable income but also provides an opportunity to participate in the growth potential of the stock market. Let’s explore what makes the best ELSS mutual funds a compelling investment choice.
List of ELSS Mutual Funds
Fund Name | Fund Size (Cr.) | 3Y Returns | 5Y Returns | |
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4,402 | 25.83% | 26.84% | |
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30,271 | 24.81% | 25.58% | |
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388 | 23.92% | 25.51% | |
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16,579 | 22.76% | 25.57% | |
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420 | 22.55% | 21.63% | |
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207 | 20.78% | 23.98% | |
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277 | 20.78% | 23.58% | |
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23 | 20.58% | 31.53% | |
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37 | 20.47% | 32.53% | |
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4,144 | 20.36% | 21.45% |
Fund Name | 1Y Returns | Rating | Fund Size (Cr.) |
---|---|---|---|
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1.13% Fund Size (Cr.) - 4,402 |
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-0.33% Fund Size (Cr.) - 30,271 |
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18.08% Fund Size (Cr.) - 388 |
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7.04% Fund Size (Cr.) - 16,579 |
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-0.25% Fund Size (Cr.) - 420 |
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-3.34% Fund Size (Cr.) - 207 |
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-2.54% Fund Size (Cr.) - 277 |
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2.82% Fund Size (Cr.) - 23 |
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2.90% Fund Size (Cr.) - 37 |
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1.83% Fund Size (Cr.) - 4,144 |
What are ELSS Mutual Funds?
The ELSS Fund full form is Equity Linked Savings Scheme, a type of mutual fund designed to offer tax-saving benefits along with investment growth. It refers to funds that invest mainly in equities and qualify for tax deductions under Section 80C, making them popular for tax planning. ELSS Funds also include a mandatory lock-in period of three years.
These funds carry a moderate to high risk due to equity exposure, making them suitable for investors with a longer investment horizon who want to save taxes while aiming for better returns.