Top 7 ELSS mutual funds with highest SIP returns in 10 years: Rs 10,000 monthly SIP in No. 1 fund has become Rs 52 lakh; get details
ELSS mutual funds provides tax benefits under Section 80C of the Income Tax Act, 1961. The category has given 36.29 per cent annualised return (CAGR) in 1 year, 18.40 per cent in 3 years, 21.50 per cent in 5 years, and 15.63 per cent in 10 years, as per Value Research data.
Top 7 ELSS mutual funds with highest SIP returns in 10 years: Equity Linked Savings Scheme (ELSS) mutual funds are also known as tax saver funds. This is a mutual fund category where deposits of up to Rs 1.50 lakh in a financial year provide tax benefits under Section 80C of the Income Tax Act, 1961. Most ELSS mutual funds are large cap stock-heavy, so they can provide some stability in market fluctuations. They have a lock-in period of 3 years. So, anyone with a medium to large investment horizon may get growth in ELSS mutual funds. Not just many of them have provided stability over the years; a lot of them have given multiple-time returns in a decade. The category has given 36.29 per cent annualised return (CAGR) in 1 year, 18.40 per cent in 3 years, 21.50 per cent in 5 years, and 15.63 per cent in 10 years, as per Value Research data. Here, we take you through 7 such ELSS mutual funds, which have provided up to per cent annualised SIP returns in 10 years. Also know what Rs 10,000 monthly SIP in each fund has given in 10 years.
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Quant ELSS Tax Saver Fund - Direct Plan
The fund has given 27.6 per cent annualised SIP return (XIRR) in 10 years. It has assets under management (AUM) of Rs 10,528 crore, while its net asset value (NAV) is Rs 441.8092.
Quant ELSS Tax Saver Fund - Direct Plan
Benchmarked against NIFTY 500 TRI, the fund has given 23.25 per cent annualised return since its inception in January 2013.
In a portfolio of 45 stocks, the fund has HDFC Bank, RIL, Adani Power, Jio Financial, Aurobindo Pharma, and Britannia Industries as its main holdings.
A Rs 10,000 monthly SIP in 10 years, or a total of Rs 12 lakh investment in the fund, has turned into Rs 51,91,767.
Bank of India ELSS Tax Saver Fund - Direct Plan
The fund has given 22.15 per cent annualised SIP returns in the 10-year time frame. The fund has AUM of Rs 1,428 crore, while its NAV is Rs 193.8400.
Bank of India ELSS Tax Saver Fund - Direct Plan
Benchmarked against BSE 500 TRI, the fund has given a 19.94 per cent annualised return since its launch in January 2013.
In a portfolio of 62 stocks, the fund has SBI, Vedanta, HAL, Oil India, and Canara Bank as the main holdings.
A Rs 10,000 monthly SIP investment started 10 years ago in the fund has turned into Rs 38,65,560.
JM ELSS Tax Saver Fund - Direct Plan
The fund has had a 21.03 per cent annualised SIP return in 10 years. It has an asset base of Rs 173 crore, while its NAV rate is Rs 55.3812.
JM ELSS Tax Saver Fund - Direct Plan
Benchmarked against BSE 500 TRI, the fund has had a 19.19 per cent annualised return since its inception in January 2013.
In a 57-stock portfolio, the fund has Infosys, Larsen & Toubro, ICICI Bank, HDFC Bank, and Tata Motors as the main holdings.
A Rs 10,000 monthly SIP in the fund has turned into Rs 36,38,416 in the 10-year period.
SBI Long Term Equity Fund - Direct Plan
The fund has given 20.71 per cent annaualised SIP returns in the 10-year time frame. It has an asset base of Rs 25,738 crore, while its NAV is Rs 465.5056.
SBI Long Term Equity Fund - Direct Plan
Benchmarked against BSE 500 TRI, the fund has given 18.05 per cent annualised returns since its launch in January 2013.
In its 62-stock portolio, the SBI fund has Ge T&D India, HDFC Bank, Mahindra abd Mahindra, ICICI Bank, and Bharti Airtel as its main stocks.
A Rs 10,000 monthly SIP started 10 years ago in the fund has swelled to Rs 35,76,096 in 10 years.
DSP ELSS Tax Saver Fund - Direct Plan
The fund has given 20.44 per cent annualised SIP returns in 10 years. Its AUM is Rs 16,284 crore, while its NAV price is Rs 148.4900.
DSP ELSS Tax Saver Fund - Direct Plan
Benchmarked against NIFTY 500 TRI, the fund has given 19.26 per cent annualised returns since its inception in January 2013.
In its 66-stock portfolio, the fund has HDFC Bank, ICICI Bank, Axis Bank, SBI, and Infosys as the main holdings.
A Rs 10,000 monthly SIP in the fund has grown to Rs 35,24,545 in the 10-year time frame.
Bandhan ELSS Tax Saver Fund - Direct Plan
The fund has given 19.96 per cent annualised SIP returns in 10 years. It has an asset base of Rs 6,856 crore, while its NAV is Rs 172.2010.
Bandhan ELSS Tax Saver Fund - Direct Plan
Benchmarked against BSE 500 TRI, the fund has given a 19.22 per cent return since its launch in January 2013.
In its 68-stock portfolio, the fund has HDFC Bank, ICICI Bank, RIL, Axis Bank, Infosys, Bharti Airtel, and Jindal Steel as its main holdings.
A Rs 10,000 monthly SIP in the fund has converted into Rs 34,33,695 in the 10-year period.
Kotak ELSS Tax Saver - Direct Plan
The fund has given 19.52 per cent annualised SIP returns in 10 years. It has AUM of Rs 6,101 crore, while its NAV is Rs 133.6070.
Kotak ELSS Tax Saver - Direct Plan
In its 58-stock portfolio, the fund has HDFC Bank, RIL, ICICI Bank, SBI, Axis Bank, and Larsen & Toubro as the main holdings.
Benchmarked against NIFTY 500 TRI, the fund has given 17.57 per cent annualised return since its inception in January 2013.
A Rs 10,000 monthly SIP in the fund has grown to Rs 33,53,795 in 10 years.