Rs 25,000 monthly SIP in these ELSS mutual funds has grown up to Rs 40 lakh in 5 years
Top 5 ELSS Mutual Funds: With a three-year lock-in period, ELSS mutual funds provide tax benefits of up to Rs 1.50 lakh in a financial year on deposits in a financial year. Most of the top ELSS funds are large-cap heavy, so they can provide stability.
Top 5 ELSS Mutual Funds: For those who are in the old tax regime, a relaxation of Rs 1.50 lakh under Section 80C of the Income Tax Act, 1961, is an important factor as it may help them save substantial tax every financial year. In these tax saving options, you invest for a long duration such as five years or more. But equity mutual funds have a category that provides tax benefits only with a three-year lock-in period. The category is Equity Linked Savings Scheme (ELSS).
With a three-year lock-in period, ELSS mutual funds provide tax benefits of up to Rs 1.50 lakh in a financial year on deposits in a financial year.
Most of the top ELSS funds are large-cap heavy, so they can provide stability.
However, many of them have been giving excellent returns in the last five years.
In this write-up, know about their SIP returns in the five-year period (As per Value Research data) and what Rs 25,000 monthly SIP in each fund has turned into at present.
Quant ELSS Tax Saver Fund - Direct Plan
The fund in the No. 1 position has given annualised SIP returns (XIRR) of 38.99 per cent in the five-year period.
With an asset under management (AUM) of Rs 9,860 crore, the fund's net asset value is worth Rs 441.2339.
Benchmarked against NIFTY 500 TRI, the fund has given a 23.54 per cent return since its launch.
The minimum lump sum and SIP investments in the fund is Rs 500 each. Its expense ratio is 0.77 per cent.
In its 40-stock portfolio, Reliance Industries Limited, HDFC Bank, Adani Power, Jio Financial, Aurobindo Pharma, and Britannia Industries are its main stocks.
A Rs 25,000 monthly SIP in the fund in the five-year period, or a total of Rs 15,00,000 investment, has grown into Rs 39,80,323.
SBI Long Term Equity Fund - Direct Plan
The fund has given SIP returns of 30.51 per cent in the five years.
It has an NAV of Rs 450.6769, while its AUM is Rs 23,888 crore.
Benchmarked against BSE 500 TRI, the fund has given a return of 17.94 per cent since its launch.
It has an expense ratio of 0.94 per cent, while the minimum SIP and lump sum investment are Rs 500 each.
In its 62-stock portfolio, Ge T&D India, HDFC Bank, Torrent Power, Mahindra & Mahindra, and ICICI Bank are its main stocks.
A Rs 25,000 monthly SIP in the fund in the five-year period, or a total of Rs 15,00,000 investment, has grown into Rs 33,48,114.
Bank of India ELSS Tax Saver Fund - Direct Plan
The fund has had a XIRR of 30.44 per cent in the last five years.
Its NAV size is Rs 197.0300, while the fund has an AUM of Rs 1,327 crore.
Benchmarked against BSE 500 TRI, the fund has had 20.37 per cent returns since its launch in January 2013.
At an expense ratio of 0.98 per cent, the fund's minimum lump sum and SIP investments are Rs 500 each.
In its 62-stock portfolio, SBI, Vedanta, Hindustan Aeronautics Limited, Oil India, and Canara Bank are its main stocks.
A Rs 25,000 monthly SIP in the fund in the five-year period, or a total of Rs 15,00,000 investment, has grown into Rs 33,33,880.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
The fund has given SIP returns of 28.72 per cent in the five-year period.
Its NAV is worth Rs 54.2034, while its AUM is Rs 3,436 crore.
Benchmarked against NIFTY 500 TRI, the fund has given a 19.65 per cent return since its launch in January 2015.
It has an expense ratio of 0.68 per cent, the minimum lump sum and SIP investment in the fund are Rs 500 each.
In a 30-stock portfolio, Zomato, Trent, Prestige Estates, Bharat Dynamics, and Jio Financial are its main stocks.
A Rs 25,000 monthly SIP in the fund in the five-year period has turned into Rs 32,48,771.
HDFC ELSS Tax Saver Fund - Direct Plan
The fund has given SIP returns of per cent in the five-year period.
It has an NAV of Rs 1,391.6510, while its AUM is Rs 14,753 crore.
Benchmarked against NIFTY 500 TRI, the fund has an expense ratio of 1.13 per cent.
It has given a 16.29 per cent return since its launch in January 2013.
The minimum lump sum and SIP investment in the fund are Rs 500 each.
In a 41-stock portfolio, HDFC Bank, ICICI Bank, Axis Bank, Cipla, and Bharti Airtel are the main stocks in its portfolio.
A Rs 25,000 monthly SIP in the fund in the five-year period has now become Rs 30,72,797.
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