Mutual Funds: These 7 ELSS funds have given up to 35% return in last 5 years

Top ELSS Mutual Funds 2024, Top 7 ELSS Mutual Funds in India: Equity Linked Saving Scheme (ELSS) is a type of equity mutual fund. ELSS Mutual Funds come with a mandatory lock-in period of three years. ELSS mutual funds give tax relaxation on deposits up to Rs 1.50 lakh a financial year under Section 80C of the Income Tax Act. 

Here's the list of the top seven ELSS funds in the past five years, as per data available on AMFI:

Quant ELSS Tax Saver Fund

• Quant ELSS Tax Saver Fund has given returns of 34.86 per cent in the last five years.
• It has outpaced its benchmark, NIFTY 500 Total Return Index, which rose 18.65 per cent in the same period. 
• The fund has assets under management (AUM) of Rs 10,034.07 crore and its net asset value (NAV) at present stands at Rs 431.9684.

Bank of India ELSS Tax Saver Fund

• Bank of India ELSS Tax Saver Fund has given returns of 27.5 per cent in the last five years.
• It has outpaced its benchmark, BSE 500 Total Return Index, which has gained 18.85 per cent in the same period. 
• The fund has AUM of Rs 1,367.94 crore and its NAV at present stands at Rs 189.98.

SBI Long Term Equity Fund

• SBI Long Term Equity Fund has given returns of 23.82 per cent in the last five years.
• It has outpaced its benchmark, BSE 500 Total Return Index, which has gained18.85 per cent in the same period. 
• SBI Long Term Equity Fund has AUM of Rs 24,918.2 crore and its NAV at present stands at Rs 439.4787.

Motilal Oswal ELSS Tax Saver Fund

• Motilal Oswal ELSS Tax Saver Fund has given returns of 23.06 per cent in the last five years.
• It has outpaced its benchmark, NIFTY 500 Total Return Index, which rose 18.65 per cent in the same period.
• The fund has AUM of Rs 3,543.14 crore and its NAV at present stands at Rs 52.0744.

JM ELSS Tax Saver Fund

• JM ELSS Tax Saver Fund has given returns of 22.34 per cent in the last five years.
• It has outpaced its benchmark, BSE 500 Total Return Index, which has gained 18.85 per cent in the same period.  
• The fund has AUM of Rs 150.12 crore and its NAV at present stands at Rs 52.0534.

Bandhan ELSS Tax Saver

• Bandhan ELSS Tax Saver Fund has given returns of 21.96 per cent in the last five years.
• It has outpaced its benchmark, BSE 500 Total Return Index, which has risen 18.85 per cent in the same period.  
• The fund has AUM of Rs 6,700.60 crore and its NAV at present stands at Rs 166.077.

DSP ELSS Tax Saver Fund

• DSP ELSS Tax Saver Fund has given returns of 21.89 per cent in the last five years.
• It has outpaced its benchmark, NIFTY 500 Total Return Index, which has risen of 18.65 per cent in the same period. 
• The fund has AUM of Rs 15,745.35 crore and its NAV at present stands at Rs 139.157.

(Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Do your own research or consult your advisor before investing.)

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