Top mutual funds to invest in 2024: These ELSS schemes have given over 30% returns in past 3 years

Top 5 ELSS Mutual Funds in India: Equity Linked Saving Scheme (ELSS), a type of equity mutual funds come with a three-year lock-in period. 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 five ELSS funds in the three years, as per data available on AMFI:

Quant ELSS Tax Saver Fund

Quant ELSS Tax Saver Fund has given 31.94 per cent return in the last three. The ELSS fund's assets under management (AUM) is Rs 9,326.95 crore, while its net asset value (NAV) under its direct plan is worth Rs 414.1081.

It has outpaced its benchmark NIFTY 500 Total Return Index, which has gains of 20.52 per cent in the same period. 

SBI Long-Term Equity Fund

SBI Long Term Equity Fund has given 20.44 per cent return in the last three. The ELSS fund's assets under management (AUM) is Rs 14,474.85 crore, while its net asset value (NAV) under its direct plan is worth Rs 418.2944.

It has outpaced its benchmark S&P BSE 500 Total Return Index, which has gained of 20.44 per cent in the same period. 

HDFC ELSS Tax Saver Fund

The fund's three-year returns are 20.52%. The fund's benchmark is NIFTY 500 Total Return Index (20.52% return). The HDFC fund has an AUM of Rs 3,393.38 crore while its NAV is worth Rs 1,288.9670.

Motilal Oswal ELSS Tax Saver Fund

The ELSS Fund has given 20.52 per cent return in the last three. The ELSS fund's assets under management (AUM) is Rs 3,393.38 crore, while its net asset value (NAV) under its direct plan is worth Rs 49.6724.

It has outpaced its benchmark NIFTY 500 Total Return Index, which has gains of 20.52 per cent in the same period. 

Bank of India ELSS Tax Saver Fund

Bank of India ELSS Tax Saver Fund has given 20.44 per cent return in the last three. The ELSS fund's assets under management (AUM) is Rs 1,299.09 crore, while its net asset value (NAV) under its direct plan is worth Rs 182.6000. 

It has outpaced its benchmark S&P BSE 500 Total Return Index which has gains of 20.44 per cent in the same period. 

(Disclaimer: The views/suggestions/advice expressed here in this article are solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)

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