Top 3 ELSS Mutual Funds: Rs 10,000 SIP in top fund has given Rs 6.20 lakh in 3 years

Top 3 ELSS Mutual Funds: Equity Linked Saving Scheme (ELSS) is a type of equity mutual funds that are also known as tax saver funds. They come with a three-year lock-in period. This is the only category in mutual funds that give tax relaxation on deposits up to Rs 1.50 lakh a financial year under Section 80C of the Income Tax Act. Some of the ELSS funds not only have given excellent returns in the last three years, they have also beaten their benchmarks comprehensively. We give you the list of top 3 ELSS funds in the three-year period and what Rs 10,000 SIP a month would have given you in the three years.

The fund tops the chart with 33.17 per cent return in the three-year period. In the same time, its benchmark, NIFTY 500 Total Return Index, ha

Top 3 ELSS Funds

Quant ELSS Tax Saver Fund

s given 21.08 per cent return. The ELSS fund's assets under management (AUM) is Rs 9,143.70 crore, while its net asset value (NAV) under its direct plan is worth Rs 412.4028.

The fund has 98.32 per cent of its investments in domestic equities with 49 per cent is in large-cap stock.

It has 44 stocks in its portfolio with RIL, Adani Power, Jio Financials Services Ltd. A Rs 10,000 SIP for 36 months has given a total of Rs 6,20,381 in the scheme.
 

SBI Long Term Equity Fund

The fund from SBI has given 29.92% returns in the three-year period. It has outsmarted its benchmark of S&P BSE 500 Total Return Index, which has given 21.01% returns in the same period.

The fund's AUM is Rs 23,202.34 crore while its NAV is Rs 414.9693. The fund has 90.19 per cent of its investment in equities. It has a total of 65 stocks. A Rs 10,000 SIP for three years in the fund has given Rs 5,86,533. 

HDFC ELSS Tax Saver Fund

The fund's three-year returns are 27.93%. The fund's benchmark is NIFTY 500 Total Return Index.

The HDFC fund has an AUM of Rs 14,434.34 crore while its NAV is worth Rs 1,284.4160.

The fund has 92.66 per cent of its investments in domestic equities with 62.93 per cent of its chunk in large-cap stocks.

The fund has 40 stocks in its portfolio with ICICI Bank, HDFC Bank and Axis Bank with the leading ones.