Top 5 ELSS Mutual Funds With Best SIP Returns in 3 Years: No. 1 fund has converted Rs 15,000 monthly SIP investment into Rs 9,35,091; know about others

Top ELSS Mutual Funds With Best SIP Returns in 3 Years: The Equity Linked Saving Scheme (ELSS) Mutual Fund is the only mutual fund category that provides tax benefits on deposits.

Taxpayers following the old tax regime can claim up to Rs 1.50 lakh in tax benefits on deposits under Section 80C of the Income Tax Act, 1961.

But they have the condition of a 3-year lock-in period.

Most ELSS are large cap-heavy, which provides them stability more than mid and small cap mutual funds during share market fluctuations.

The ELSS category has given an 18.62 per cent annualised return in 1 year, 15.15 per cent in 3 years, 19.31 per cent in 5 years, 13.62 per cent in 10 years, according to Value Research data.

We take you through the top 5 ELSS mutual funds that have given the highest annualised SIP returns (XIRR) in the 3-year time frame.

Also know what a Rs 15,000 monthly SIP investment in each fund has given during that time frame.

Motilal Oswal ELSS Tax Saver Fund - Direct Plan

The fund has given 39.07 per cent annualised SIP return in 3 years.

It has assets under management (AUM) of Rs 4,415 crore, while its net asset value (NAV) is Rs 61.7180.  

Benchmarked against NIFTY 500 TRI, the fund has given 20.02 per cent annualised return since its launch in January 2015.

With an expense ratio of 0.65 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each. 

A Rs 15,000 monthly SIP investment in the 5-year time frame, or a total investment of Rs 5,40,000, has grown to Rs 9,35,091.

SBI Long Term Equity Fund - Direct Plan

The fund has given 30.02 per cent annualised SIP return in the 3-year time frame.

It has AUM of Rs 27,791 crore, while its NAV is Rs 456.6501.  

Benchmarked against BSE 500 TRI, the fund has given 17.18 per cent annualised return since its debut in January 2013.

At an expense ratio of 0.93 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each. 

A Rs 15,000 monthly SIP investment in the fund has jumped to Rs 8,30,532 the 3-year period.

JM ELSS Tax Saver Fund - Direct Plan

The fund has given 27.66 per cent annualised SIP return in the 3-year period.

It has an asset base of Rs 183 crore, while its unit price is Rs 55.4311.  

Benchmarked against BSE 500 TRI, the fund has given 18.47 per cent annualised return since its inception in January 2013.

With an expense ratio of 1.27 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each. 

A Rs 15,000 monthly SIP investment in the fund has converted into Rs 8,04,624 in 3 years.

HSBC ELSS Tax Saver Fund - Direct Plan

The fund has given 27.18 per cent annualised SIP return in 3 years.

It has a fund size of Rs 4,303 crore, while its NAV is Rs 144.9195.  

Benchmarked against NIFTY 500 TRI, the fund has given 16.20 per cent annualised return since its starting in January 2013.

At an expense ratio of 1.10 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each. 

A Rs 15,000 monthly SIP investment in the fund has swelled to Rs 7,99,421 the 3-year time frame.

ITI ELSS Tax Saver Fund - Direct Plan

The fund has given 26.11 per cent annualised SIP return in the 5-year time frame.

It has an asset base of Rs 399 crore, while its NAV is Rs 25.8520.  

Benchmarked against NIFTY 500 TRI, the fund has given 19.91 per cent annualised return since its beginning in October 2019.

With an expense ratio of 0.51 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each. 

A Rs 15,000 monthly SIP investment in the fund has grown to Rs 7,87,935 the 3-year period.