Top 7 ELSS funds with up to nearly 10X returns in last 10 years

Top 7 ELSS Funds: Equity Linked Savings Scheme (ELSS) are known as tax saver mutual fund. It's the only category in mutual fund that provides tax benefits of up to Rs 1.50 lakh on deposits under Section 80C of the Income Tax. ELSS funds have three-year lock-in period. Though ELSS are primarily known as tax savers, many of them in the last decade have given annualised returns of over 17 per cent. They have beaten the standard benchmark Nifty 50, which has risen by a little over 14 per cent in the last 10 years. Among the ELSS mutual fund category, Quant ELSS Tax Saver Fund has topped the category with 25.14 per cent returns in the last decade. It means a lump sum of Rs 1 lakh investment in the fund has grown to nearly 10X in 10 years. In this write-up, we will tell you about the 7 top performing ELSS in the last decade, and how an investment of Rs 1 lakh each in these funds has turned into.

Quant ELSS Tax Saver Fund 

The fund from Quant Mutual Fund has given returns of 25.14 per cent in the last decade.

The fund has assets under management (AUM) of Rs 7769.92 crore and its net asset value (NAV) at present stands at Rs 337.0833.

The fund that is completing its 24 years on March 31 has 90.20 per cent of its investments in equities with 43.29 per cent in large caps.

An investment of Rs 1 lakh in the fund 10 years ago has become approximately Rs 9,43,336.

Bank of India ELSS Tax Saver 

The fund at No. 2 position has given returns of 18.52 per cent in the last 10 years.

Started in February 2009, the fund has AUM of Rs 1149.51 crore and NAV of Rs 143.52. A Rs 1 lakh investment in the fund from Bank of India has grown to Rs 5,47,577. 

Bandhan ELSS Tax Saver Fund 

The fund from IDFC Mutual Fund is also one of the top gainers in the last decade.

It has risen by 18.19 per cent in the 10-year period.

The 15-year-old fund has AUM of Rs 6139.72 crore and NAV of Rs 133.91.

The fund's 95.79 per cent investments are in domestic equities with 63.10 per cent in large caps.

Had one invested Rs 1 lakh 10 years ago, they would have been richer by Rs 5,32,392 in today's date.

DSP ELSS Tax Saver Fund 

The 17-year-old tax saver fund has given 18.13 per cent returns in the 10 years.

The fund has AUM of Rs 14147.0 crore and NAV of 109.265.

The fund's 94.87 per cent investments are in domestic equities of which 53.49 per cent in large caps.

A Rs 1 lakh investment in the fund 10 years ago has become Rs 5,30,078 at present.

JM ELSS Tax Saver Fund

The ELSS plan from JM Financial Mutual Fund has grown by 17.67 per cent in the last decade.

The fund that was started in April 2008 has AUM of Rs 120.56 and NAV of 39.08.

The fund's 97.09 per cent investments are in domestic equities with 30.66 per cent of them in small stocks.

If one had invested Rs 1 lakh in the fund 10 years ago, they would have got Rs 5,09,499 in today's date.

Kotak ELSS Tax Saver Fund Growth

The fund from Kotak Mahindra has given 17.61 per cent returns in the 10-year period.

The fund started in November 2005 has AUM of Rs 5050.36 crore and NAV of Rs 98.423.

The fund's 99.26 per cent investments are in equities with 62.66 per cent in large caps.

An investment of Rs 1 lakh in the fund has become Rs 5,07,230.

SBI Long Term Equity Fund  

The fund from SBI has given returns of 16.94 per cent in the 10-year period.

The fund that will complete its 31 years on March 31 has AUM of Rs 21202.78 crore while its NAV is Rs 359.728.

The fund has 92.26 per cent of its investments in equities with the major portion of 53.70 per cent in large caps.

Had one invested Rs 1 lakh a decade ago, they would got Rs 4,79,025 in current times.