Top 5 ELSS SIP Funds: Rs 10,000 monthly SIP in No. 1 fund has turned into Rs 53.53 lakh in 10 years
ELSS equity mutual funds are also known as tax saver funds. Deposits up to Rs 1.50 lakh in a financial year are tax-exempt in an ELSS mutual fund under Section 80C of the Income Tax Act.
Top ELSS Funds: Equity Linked Saving Schemes (ELSS) are also known as tax saver funds where one may get decent returns in the long term. Most of the leading ELSS funds have most of their investments in large-cap funds, so they provide some level of stability. At the same time, deposits up to Rs 1.50 lakh in a financial year in ELSS funds are tax-exempt. As per Value Research data, the ELSS fund category has soared by 41.46 per cent in the one year, 20.45 per cent in the three years and 19.75 per cent in the three-year period. Many of the ELSS mutual funds have given high returns in the long run, other than being an effective tool for tax saving. Like in other equity mutual funds, one can make a one-time investment or do a systematic investment plan (SIP) in an ELSS mutual fund. In this write-up, you will learn which have been the top ELSS funds in the last 10 years and how much investors have gained with a Rs 10,000 SIP in each fund.
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Quant ELSS Tax Saver Fund - Direct Plan
The fund has given 25.60 per cent lump sum returns in the 10 years, while its SIP returns in the same period are 40.13 per. The fund has an asset under management (AUM) of Rs 9,860 crore, while its net asset value (NAV) as on July 4 is Rs 446.9395. Its 40-stock portfolio has Reliance Industries Limited (RIL), HDFC Bank, Adani Power, and Jio Financial Service as the main stocks. A Rs 10,000 SIP in the fund started 10 years ago has given Rs 53,52,746 in the 10 years.
Bank of India ELSS Tax Saver Fund - Direct Plan
The fund has given a 19.85 per cent lump return in the 10 years, while the fund's SIP returns in the same period were 23.12 per cent. It has an AUM of 1,327, while the fund's NAV as on July 4 is worth Rs 201.4500. The fund's 64-stock portfolio has SBI, Vedanta, Hindustan Aeronautics, Oil India, Canara Bank, and NTPC as its main stocks.
A Rs 10,000 monthly SIP in the fund has turned into Rs 40,73,655 in the 10 years.
JM ELSS Tax Saver Fund - Direct Plan
The fund's lump sum return in the 10-year time frame is 18.58 per cent, while it has given 21.43 per cent SIP returns in the same period. The fund holds an AUM of Rs 146 crore, while its NAV rate as on July 4 is Rs 55.8261. The fund has 54 stocks in its portfolio with HDFC Bank, ICICI Bank, Larsen & Toubro, and PFC as its main stocks.
A Rs 10,000 monthly SIP in the fund has given a total of Rs 37,17,491 in the 10-year period.
SBI Long Term Equity Fund - Direct Plan
The fund from the SBI Mutual Fund house has given 16.82 per cent annual lump sum returns and SIP returns of 20.78 per cent. The fund has an asset basis of Rs 23,888 crore, while its NAV as on July 4 is worth Rs 461.8521. In a portfolio of 62 stocks, the fund's main stocks are Ge T&D India, HDFC Bank, Torrent Power, Mahindra and Mahindra, and ICICI Bank.
DSP ELSS Tax Saver Fund - Direct Plan
The fund's annual lump sum returns are 18.30 per cent in the 10-year period, while it has given annualised SIP returns of 20.59 per cent in the same time frame. The fund has an asset base of Rs 15,161 crore, while its NAV rate is Rs 147.6050. In its portfolio of 65 stocks, the fund has HDFC Bank, ICICI Bank, SBI, and Axis Bank as its main stocks.
A Rs 10,000 monthly SIP in the fund has given a total of Rs 35,52,512 in the 10-year period.