Top 5 ELSS SIP Mutual Funds in 3 Years: No. 1 fund from SBI has turned Rs 12,500 monthly SIP into Rs 7.84 lakh; here's what others have done
Top 5 ELSS SIP Mutual Funds in 3 Years: The income tax filing season is on, but the ITR filing deadline of July 31, 2024, is near. Anyone who is keen on saving tax under the old tax regime thinks about various options that can give them tax relief through Section 80C deductions. When they talk about saving tax through mutual fund investments, Equity Linked Savings Scheme (ELSS) funds is the standout category. Investments up to Rs 1.50 lakh in a financial year in ELSS mutual funds give tax benefits under Section 80C of the Income Tax Act, 1961. Most ELSS funds are large-cap stock-heavy, so they can provide stability during market fluctuations. Not just stability, but a lot of bunch of ELSS funds have given up to 33.15 per cent annualised SIP returns (XIRR) in the three-year period. In this write-up, we will discuss features of those 5 funds and what Rs 12,500 monthly SIP, or Rs 1,50,00 investment in a year, in each fund has given in a three-year period.
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SBI Long Term Equity Fund - Direct Plan
The fund from SBI Mutual Fund House has given 39.57 per cent annualised SIP returns in three years. The fund has an asset base of Rs 25,738 crore, while its net asset value (NAV) is Rs 464.1310. benchmarked against BSE 500 TRI, the fund has given a 18.08 per cent CAGR since its inception in January 2013. With an expense ratio of 0.93 per cent, the fund has Rs 500 as its minimum lump sum and SIP investment. The fund has invested 90.62 per cent of its money in equity and 9.38 per cent is in cash and cash equivalent.
SBI Long Term Equity Fund - Direct Plan
In its 62-stock portfolio, the fund has Ge T&D India, HDFC Bank, Mahindra and Mahindra, ICICI Bank, and Bharti Airtel as its main stocks. The fund has mainly invested in the financial, energy and utilities, industrials, consumer discretionary, and technology sectors.
A Rs 12,500 SIP in the fund in a three-year period has given Rs 7,83,256.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
The fund has had a 37.55 per cent annualised SIP return in three years. It has assets under management (AUM) of Rs 7,63,214 crore, while its NAV is Rs 54.7774. Benchmarked against NIFTY 500 TRI, the fund has given 19.57 per cent CAGR since its launch in January 2015. At an expense ratio of 0.66 per cent, the fund has a minimum SIP and lump sum investment of Rs 500. The fund has 98.72 per cent of its investments in equity and 1.08 per cent in debt.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
In its 30-stock portfolio, the fund has Zomato, Trent, Prestige Estates, Jio Financial, and Kalyan Jewellers as its main holdings. The main sectors it has invested its money in are financial, industrials, consumer discretionary, technology, and real estate.
A Rs 12,500 monthly SIP in the fund has turned into Rs 7,63,214.
Quant ELSS Tax Saver Fund - Direct Plan
The fund has given 35.79 per cent annualised SIP returns in three years. It has AUM of Rs 10,528 crore, while its NAV rate is Rs 445.5890. Benchmarked against NIFTY 500 TRI, the fund has given a 23.43 per cent return since its inception in January 2013. With an expense ratio of 0.77 per cent, the fund has a minimum SIP and lump sum investment of Rs 500. The fund has 96.6 per cent of its investments in equity and 3.4 per cent in cash and cash equivalent.
Quant ELSS Tax Saver Fund - Direct Plan
In its portfolio of 45 stocks, the fund has HDFC Bank, Reliance Industries Limited, Adani Power, Jio Financial Services, and Aurobindo Pharma as the main stocks. The fund's main investments are in the financials, energy and utilities, materials, and consumer staples sectors.
A Rs 12,500 monthly SIP in the fund has turned into Rs 7,46,010 in three years.
ITI ELSS Tax Saver Fund - Direct Plan
The fund has given 35.36 per cent annualised SIP return in three years. The fund has AUM of Rs 363 crore, while its NAV rate is Rs 26.7509. At an expense ratio of 0.48 per cent, the fund has a minimum SIP and lump sum investment of Rs 500 each. Benchmarked against NIFTY 500 TRI, the fund has given 22.90 per cent CAG since its launch in October 2019. The fund's 98.29 per cent investments are in equity, while the rest 1.71 per cent are in cash and cash equivalents.
ITI ELSS Tax Saver Fund - Direct Plan
In its 55-stock portfolio, the fund has Bharti Airtel, Zomato, Larsen & Toubro, Trent, and Indigo as its main stocks. The fund has mainly invested in the industrials, technology, financial, consumer discretionary, and materials sectors.
A Rs 12,500 monthly SIP in the fund has given Rs 7,41,827 as of today's date.
JM ELSS Tax Saver Fund - Direct Plan
The fund has given 34.94 per cent annualised SIP returns in three years. The fund has an asset base of Rs 161 crore, while its NAV price is Rs 55.6112. Benchmarked against BSE 500 TRI, the fund has given a 19.30 per cent return since its inception in January 2013. At an expense ratio of 1.13 per cent, the fund has Rs 500 as the minimum lump sum and SIP investments. Its 99.7 per cent investments are in equity.
JM ELSS Tax Saver Fund - Direct Plan
In a portfolio of 55 stocks, the fund has HDFC Bank, ICICI Bank, Larsen and Toubro, and Infosys as its main stocks. The fund has mainly invested in the industrial, financial, materials, technology, and consumer discretionary sectors.
A monthly SIP of Rs 12,500 in the fund has grown to Rs 7,37,742 in the three-year period.