Top 7 ELSS SIP Mutual Funds in 3 Years: What Rs 10,000, Rs 15,000 and Rs 20,000 SIP has given in each fund; get details

Top 7 ELSS Funds in 3 Years: Want to save tax with the option of a three-year lock-in period? You can't name many options, as most of the investment options offering income tax relaxation have a lock-in period of at least five years. But Equity Linked Savings Scheme (ELSS) is a category of mutual fund that provides tax exemption on up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act. Most ELSS funds are top-50 stocks and large-cap heavy, so they also provide stability along with tax relaxation.

Like other equity funds, ELSS also offers investment through the SIP and lump sum options.

In this write-up, know which have been the top-7 ELSS mutual funds in the last 3 years (As per Value Research data) and what Rs 10,000, Rs 15,000, and Rs 20,000 SIPs each of the fund has given in the last three years.

SBI Long Term Equity Fund - Direct Plan

The fund from SBI Mutual Fund tops the chart with 35.06 per cent returns in the three-year period.

The fund has assets under management (AUM) of Rs 23,818.75 crore, while the size of its net asset value (NAV) is Rs 422.7788.

The fund has 91.99 per cent of its investment in equities with 42.45 per cent in giant firms (stocks that form 50 per cent of the total market capitalisation, 25.97 per cent in large caps, 24.56 per cent in mid caps, and 7.02 per cent in small caps.

Ge T&D India, HDFC Bank, Torrent Power, and ICICI Bank are its main stocks. 

A Rs 10,000 SIP in the fund has given a total of Rs 6,41,123.

A Rs 15,000 SIP in the fund has given a total of Rs 9,61,685.

A Rs 20,000 SIP in the fund has given a total of Rs 12,82,246.

Motilal Oswal ELSS Tax Saver Fund - Direct Plan

The ELSS fund from Motilal Oswal has given SIP returns of 34.14 per cent in the three years.

Its AUM is worth Rs 3.407.30 crore, while its NAV size is Rs 50.6905.

The fund's 98.53 per cent returns are in equities with 30.28 per cent giants, 16.86 in large caps, 50.91 per cent in mid caps, and 1.96 per cent in small caps.

Zomato, Trent, Jio Financial Services, and Prestige Estates are the main stocks in its 30-stock portfolio. 

A Rs 10,000 SIP in the fund has given a total of Rs 6,30,926.

A Rs 15,000 SIP in the fund has given a total of Rs 9,46,389.

A Rs 20,000 SIP in the fund has given a total of Rs 12,61,852.

Quant ELSS Tax Saver Fund - Direct Plan

Its SIP returns in the three years are 33.21 per cent.

However, it is the top SIP ELSS in the five years with 38.74 per cent returns.

The fund's AUM Rs is Rs 9,446.12 crore, while its NAV size is Rs 415.7055.

The fund's 95.05 per cent investments are in equities with 48.09 per cent in giants, 36.00 per cent in large caps, 14.44 per cent in mid caps and 1.47 per cent in small caps.

It has 39 stocks in its portfolio with Reliance Industries Limited, Adani Power, Jio Financial, and Hindalco as its main stocks. 
  
A Rs 10,000 SIP in the fund has given a total of Rs 6,20,812.

A Rs 15,000 SIP in the fund has given a total of Rs 9,31,217.

A Rs 20,000 SIP in the fund has given a total of Rs 12,41,623.

ITI ELSS Tax Saver Fund - Direct Plan

The fund has given a return of 31.50 per cent in the three years.

It has an AUM of Rs 330.19 crore , while its NAV is worth Rs 24.8453.

The fund's 98.53 per cent investments are in equities with 45.16 per cent in giants, 18.92 per cent in large caps, 23.45 per cent in mid caps and 12.47 per cent in small caps.

In a portfolio of 55 stocks, it has SBI, Bharti Airtel, Zomato, and Trent as its main stocks. 

A Rs 10,000 SIP in the fund has given a total of Rs 6,02,708.

A Rs 15,000 SIP in the fund has given a total of Rs 9,04,062.

A Rs 20,000 SIP in the fund has given a total of Rs 12,05,416.

Bank of India ELSS Tax Saver Fund - Direct Plan

This ELSS fund has given a return of 31.35 per cent in the three years.

With an AUM of Rs 1,304.19 crore, its NAV is worth Rs 184.0200.

The fund's 98.08 per cent investments are in equities with 37.60 per cent in giants, 31.40 per cent in large caps, 18.95 per cent in mid caps, and 12.05 per cent in small caps.

It has a bouquet of 66 stocks with SBI, Canara Ban, Vedanta, and Oil India as its main stocks.

A Rs 10,000 SIP in the fund has given a total of Rs 6,01,150.

A Rs 15,000 SIP in the fund has given a total of Rs 9,01,725.

A Rs 20,000 SIP in the fund has given a total of Rs 12,02,300.

JM ELSS Tax Saver Fund - Direct Plan

The fund in the No. 6 position has given returns of 29.76 per cent in the three-year period.

The fund's AUM is Rs 144.75 crore, while the NAV size for the fund is Rs 50.3877.

The fund has 99.12 per cent of its investment in equities with 30.15 per cent in giants, 13.88 per cent in large caps, 37.82 per cent in mid caps, and 18.15 per cent in small caps.

The fund has 52 stocks in its portfolio with HDFC Bank, ICICI Bank, Larsen & Toubro and Power Finance Corporation Ltd as the leading ones. 

A Rs 10,000 SIP in the fund has given a total of Rs 5,84,924.

A Rs 15,000 SIP in the fund has given a total of Rs 8,77,386.

A Rs 20,000 SIP in the fund has given a total of Rs 11,69,848.
 

HDFC ELSS Tax Saver Fund - Direct Plan

The fund at No. 7 has given annualised SIP returns of 29.34 per cent in the three years.

The fund's AUM is worth Rs 14,641.46 crore, while its NAV stands at Rs 1,306.3070.

The fund's 92.47 per cent investments are in equities and 7.18 per cent in cash and cash equivalents.

The fund has 69.48 per cent investments in giants, 18.34 per cent in large caps, 8.62 per cent in mid caps, and 3.56 per cent in small caps.

In a portfolio of 40 stocks, the fund's main stocks are ICICI Bank, HDFC Bank, Axis Bank, and Hindustan Aeronautics.      

A Rs 10,000 SIP in the fund has given a total of Rs 5,80,725.

A Rs 15,000 SIP in the fund has given a total of Rs 8,71,087.

A Rs 20,000 SIP in the fund has given a total of Rs 11,61,449.