Top 7 ELSS Mutual Funds With Best SIP Returns in 3 Years: Know how Rs 20,000 monthly SIP investment has grown to Rs 12,62,308 in No. 1 scheme
Top 7 ELSS Mutual Funds With Best SIP Returns in 3 Years: Equity Linked Savings Scheme (ELSS) is a unique category of mutual funds that provides tax benefits to taxpayers following the old tax regime. They can get benefits on ELSS deposits up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax.
Top 7 ELSS Mutual Funds With Best SIP Returns in 3 Years: When the income tax season starts, taxpayers following the old tax regime look for avenues to save tax under Section 80C of the Income Tax Act, 1961. It provides a substantial tax benefit of Rs 1.50 lakh to them. But what about those who have invested their money in mutual funds? Can they also get tax benefits? For them, the Equity Linked Savings Scheme (ELSS) is the category that provides tax benefits under Section 80C. Unlike most schemes that provide tax benefits only after 5 years of deposit, ELSS provides the same with a 3-year lock-in period. ELSS funds are large cap stock-heavy, so they can provide stability. However, they are equity funds and are suitable for investors with a long-term horizon. Know about the top 7 ELSS mutual funds with highest annualised SIP returns (XIRR) in 3 years, and what Rs 20,000 monthly SIP investment in each of them has given in maturity during that period.
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Motilal Oswal ELSS Tax Saver Fund - Direct Plan
The fund has given 40.05 per cent annualised SIP return in the 3-year time frame.
It has assets under management (AUM) of Rs 4,074 crore, while its net asset value (NAV) is Rs 60.6351.
Benchmarked against NIFTY 500 TRI, the fund has given 20.06 per cent annualised return since its launch in January 2015.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
With an expense ratio of 0.65 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 20,000 monthly SIP investment in the 3-year period, or a total investment of Rs 7,20,000, has grown to Rs 12,62,308.
SBI Long Term Equity Fund - Direct Plan
The fund has given 33.02 per cent annualised SIP return in 3 years.
It has AUM of Rs 27,559 crore, while its NAV is Rs 460.1644.
Benchmarked against BSE 500 TRI, the fund has given 17.43 per cent annualised return since its debut in January 2013.
SBI Long Term Equity Fund - Direct Plan
At an expense ratio of 0.94 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 20,000 monthly SIP investment in the fund has converted into Rs 11,52,188 in the 3-year time frame.
ITI ELSS Tax Saver Fund - Direct Plan
The fund has given 30.77 per cent annualised SIP return in the 3-year period.
It has an asset base of Rs 388 crore, while its unit price is Rs 26.7644.
Benchmarked against NIFTY 500 TRI, the fund has given 21.21 per cent annualised return since its inception in October 2019.
ITI ELSS Tax Saver Fund - Direct Plan
With an expense ratio of 0.50 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 20,000 monthly SIP investment in the fund has swelled to Rs 11,18,454 in 3 years.
JM ELSS Tax Saver Fund - Direct Plan
The fund has given 29.65 per cent annualised SIP return in the 3-year time frame.
Its fund size is Rs 181 crore, while its NAV is Rs 55.3574.
Benchmarked against BSE 500 TRI, the fund has given 18.65 per cent annualised return since its beginning in January 2013.
JM ELSS Tax Saver Fund - Direct Plan
At an expense ratio of 1.27 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 20,000 monthly SIP investment in the fund has jumped to Rs 11,01,852 in the 3-year period.
HSBC ELSS Tax Saver Fund - Direct Plan
The fund has given 29.27 per cent annualised SIP return in 3 years.
It has AUM of Rs 4,253 crore, while its unit price is Rs 145.2203.
Benchmarked against NIFTY 500 TRI, the fund has given 16.39 per cent annualised return since its starting in January 2013.
HSBC ELSS Tax Saver Fund - Direct Plan
With an expense ratio of 1.10 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 20,000 monthly SIP investment in the fund has grown to Rs 10,96,186 in the 3-year time frame.
Bank of India ELSS Tax Saver Fund - Direct Plan
The fund has given 28.48 per cent annualised return in the 3-year period.
It has an asset base of Rs 1,436 crore, while its unit price is Rs 194.2200.
Benchmarked against BSE 500 TRI, the fund has given 19.40 per cent annualised return since its inception in January 2013.
Bank of India ELSS Tax Saver Fund - Direct Plan
At an expense ratio of 0.84 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 20,000 monthly SIP investment in the fund has converted into Rs 10,84,679 in 3 years.
HDFC ELSS Tax Saver Fund - Direct Plan
The fund has given 28.09 per cent annualised return in the 3-year time frame.
It has a fund size of Rs 15,935 crore, while its NAV is Rs 1,431.8680.
Benchmarked against NIFTY 500 TRI, the fund has given 15.92 per cent annualised return since its debut in January 2013.
HDFC ELSS Tax Saver Fund - Direct Plan
With an expense ratio of 1.09 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 20,000 monthly SIP investment in the fund has jumped to Rs 10,78,917 in the 3-year period.