Top 7 ELSS SIP Mutual Funds in 5 Years: Rs 25,000 monthly SIP in No. 1 fund has become Rs 38.66 lakh; get details
Top 7 ELSS SIP Mutual Funds in 5 Years: The ELSS mutual fund category has grown 40.92 per cent in 1 year, 20.07 per cent in 3 years, 22.94 per cent in 5 years, and 15.36 per cent in 10 years, as per Value Research data.
Top 7 ELSS Mutual Funds With Highest SIP Returns in 5 Years: Equity Linked Savings Scheme (ELSS) is a unique mutual fund category that provides tax benefits up to Rs 1.50 lakh in a financial year to old tax regime taxpayers. It also has the shortest lock-in period among all Section 80C tax saving options. Most ELSS mutual funds are large cap stock heavy, so they provide stability. With the rise of the stock market in the last few years, not only ELSS mutual funds have worked as a good tax saving option but have also given good returns. The ELSS mutual fund category has grown 40.92 per cent in 1 year, 20.07 per cent in 3 years, 22.94 per cent in 5 years, and 15.36 per cent in 10 years, as per Value Research data.
Many of them have been consistent performers in the last 5 years. Here, we take you through the top 7 ELSS mutual funds that have given the annualised highest SIP returns (XIRR) in 5 years. Also know what the investment of Rs 25,000 monthly SIP has brought in each of them.
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Quant ELSS Tax Saver Fund - Direct Plan
The fund has given 39 per cent annualised SIP returns in the 5-year time frame. It has assets under management (AUM) of Rs 11,065 crore, while its net asset value (NAV) is Rs 448.7204. Benchmarked against NIFTY 500 TRI, the fund has given 23.33 per cent annualised return (CAGR) since its inception in January 2013.
Quant ELSS Tax Saver Fund - Direct Plan
The fund has 95.02 per cent of its investments in equity. In its 31-stock portfolio, the fund has Adani Power, Reliance Industries Limited, HDFC Bank, Samvardhana Motherson, and Jio Financial Services as the main holdings.
A Rs 25,000 monthly SIP in the fund in 5 years, or a total of Rs 15 investment, has grown to Rs 38,65,618.
SBI Long Term Equity Fund - Direct Plan
The fund from SBI Mutual Fund House has had a 33.77 per cent annualised SIP return in 5 years. The fund has an asset base of Rs 27,527 crore, while its NAV is Rs 474.5915. Benchmarked against BSE 500 TRI, the fund has given 18.18 per cent return since its inception in January 2013.
SBI Long Term Equity Fund - Direct Plan
The fund's 92.63 per cent investments are in equity. In a portfolio of 62 stocks, the fund has Ge T&D India, HDFC Bank, Mahindra & Mahindra, and Torrent Power as the main holdings.
A Rs 25,000 monthly SIP in the fund has grown to Rs 34,24,456 in 10 years.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
The fund has given 33.59 per cent annualised SIP return in 5 years. It has AUM of Rs 3,835 crore, while its NAV is Rs 58.5502. Benchmarked against NIFTY 500 TRI, the fund has given 20.23 per cent annualised return since its launch in January 2015. The fund has 99.26 per cent of its investments in equity.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
In the 30-stock portfolio, the fund has Zomato, Trent, Prestige Estates, Kalyan Jewellers, Suzlon Energy, and Inox Wind as the main holdings.
A Rs 25,000 monthly investment in the fund has turned into Rs 34,09,962 in 5 years.
Bank of India ELSS Tax Saver Fund - Direct Plan
The fund has given 31.91 per cent annualised SIP return in 5 years. It has an asset base of Rs 1,485 crore, while its NAV is Rs 201.1700. Benchmarked against BSE 500 TRI, the fund has given 20.25 per cent annualised return since its inception in January 2013.
Bank of India ELSS Tax Saver Fund - Direct Plan
The fund's 99.30 per cent investments are in equity. In a 61-stock portfolio, the fund has SBI, Oil India, Vedanta, HAL, and HDFC Bank as the main holdings.
A Rs 25,000 monthly investment in the fund has turned into Rs 32,78,389 in the 5-year time frame.
JM ELSS Tax Saver Fund - Direct Plan
The fund has had a 31.54 per cent annualised SIP return in 5 years. It has an asset base of Rs 173 crore, while its NAV is Rs 58.0139. Benchmarked against BSE 500 TRI, the fund has given 19.60 per cent annualised return since its inception in January 2013.
JM ELSS Tax Saver Fund - Direct Plan
It has 99.64 per cent of its investments in equity. In its 57-stock portfolio, the fund has Infosys, Larsen & Toubro, ICICI Bank, and HDFC Bank as the main holdings.
A Rs 25,000 monthly SIP in the fund has turned into Rs 32,49,903 in the 5-year period.
HDFC ELSS Tax Saver Fund - Direct Plan
The fund has given 30.03 per cent annualised SIP return in the 5-year time frame. It has AUM of Rs 16,145 crore, while its NAV is Rs 1,454.0000. Benchmarked against NIFTY 500 TRI, the fund has given 16.46 per cent return since its inception in January 2013.
HDFC ELSS Tax Saver Fund - Direct Plan
The fund's 91.63 per cent investments are in equity. In its 43-stock portfolio, the fund has ICICI Bank, HDFC Bank, Axis Bank, Cipla, HCL Tech, and Bharti Airtel as the main holdings.
A Rs 25,000 monthly SIP in the fund started 5 years ago is now worth Rs 31,36,558.
DSP ELSS Tax Saver Fund - Direct Plan
The fun has given 29.52 per cent annualised SIP return in the 10-year period. It has an asset base of Rs 17,268 crore, while its NAV is Rs 152.7820. Benchmarked against NIFTY 500 TRI, the fund has given 19.48 per cent annaualised return since its launch in January 2013. The fund's 98.99 per cent investments are in equity.
DSP ELSS Tax Saver Fund - Direct Plan
In a 66-stock portfolio, the fund has HDFC Bank, ICIC Bank, SBI, Infosys, Axis Bank, and PFC as its main holdings.
A Rs 25,000 monthly SIP in the fund has turned into Rs 30,99,062 in the 5-year time frame.