Top 7 ELSS mutual funds with best annualised SIP returns in 3 years: Value of Rs 15,000 monthly SIP in No. 1 fund has turned into Rs 9.67 lakh
Top 7 ELSS SIP mutual funds in 3 Years: The ELSS mutual fund category has given 41.93 per cent annualised returns in 1 year, 19.84 per cent in 3 years, 22.35 per cent in 5 years, and 15.43 per cent in 10 years, as per Value Research data.
Top 7 ELSS SIP mutual funds in 3 Years: Equity Linked Saving Scheme (ELSS) mutual funds are also known as tax saver funds. Investment in ELSS provides tax benefits up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act, 1961. Taxpayers following the old tax regime can avail ELSS tax benefits. Taxpayers often use ELSS to save tax, but many of ELSS funds have beaten the benchmark in the recent past. ELSS funds have a lock-in period of 3 years. Most of them are large cap stock-heavy, so they can provide stability along with growth in the long run. The ELSS category has given 41.93 per cent annualised returns in 1 year, 19.84 per cent in 3 years, 22.35 per cent in 5 years, and 15.43 per cent in 10 years, as per Value Research data. Here, we take you through the top 7 ELSS funds in terms of annualised SIP returns (XIRR) in 3 years. Also, know what Rs 15,000 monthly SIP in all of them have given in 3 years.
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Motilal Oswal ELSS Tax Saver Fund - Direct Plan
The fund at the top has given 41.7 per cent annualised SIP returns in 3 years. It has assets under management (AUM) of Rs 3,835 crore, while its net asset value (NAV) is Rs 58.8081.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
Benchmarked against NIFTY 500 TRI, the fund has given 20.26 per cent annualised returns (CAGR) since its inception in January 2015.
A Rs 15,000 monthly SIP, or Rs 5,40,000 monthly investment overall, has grown to Rs 9,66,129 in the 3-year period.
SBI Long Term Equity Fund - Direct Plan
The fund has given annualised SIP returns of 40.37 per cent in the 3-year period. It has an asset base of Rs 27,527 crore, while its NAV is Rs 479.3223.
SBI Long Term Equity Fund - Direct Plan
Benchmarked against BSE 500 TRI, the fund has given 18.26 per cent annualised SIP return since its inception in January 2013.
A Rs 15,000 monthly SIP in the fund has swelled to Rs 9,49,963 in 3 years.
JM ELSS Tax Saver Fund - Direct Plan
The fund had had a 37.2 per cent annualised SIP return in the 3-year time frame. The fund has an asset base of Rs 173 crore, while its NAV is Rs 58.3777.
JM ELSS Tax Saver Fund - Direct Plan
Benchmarked against BSE 500 TRI, the fund has given 19.64 per cent annualised return since its launch in January 2013.
A Rs 15,000 monthly SIP in the fund has grown to Rs 9,12,121 in the 3-year period.
ITI ELSS Tax Saver Fund - Direct Plan
The fund has given 37.19 per cent annualised SIP return in 3 years. The fund has AUM of Rs 386 crore, while its NAV is Rs 27.8619.
ITI ELSS Tax Saver Fund - Direct Plan
Benchmarked against NIFTY 500 TRI, the fund has had a 23.46 annualised return since its launch in October 2019.
A Rs 15,000 monthly SIP in the fund has turned into Rs 9,11,997 in the 3-year time frame.
Bank of India ELSS Tax Saver Fund - Direct Plan
The fund has given 34.88 per cent annualised SIP return in 3 years. It has an asset base of Rs 1,485 crore, while its NAV is Rs 202.1000.
Bank of India ELSS Tax Saver Fund - Direct Plan
Benchmarked against BSE 500 TRI, the fund has given 20.27 per cent annualised return since its launch in January 2013.
A Rs 15,000 monthly SIP in the fund has converted into Rs 8,85,078 in the 3-year time frame.
Quant ELSS Tax Saver Fund - Direct Plan
The fund has given 34.68 per cent annualised SIP returns in the 1-year period. It has AUM of Rs 11,065 crore, while its NAV is Rs 448.4847.
Quant ELSS Tax Saver Fund - Direct Plan
Benchmarked against NIFTY 500 TRI, the fund has given 23.30 per cent annualised return since its inception in January 2103.
A Rs 15,000 monthly SIP in the fund has grown to Rs 8,82,767 in the 3-year period.
HDFC ELSS Tax Saver Fund - Direct Plan
The fund has given 33.87 per cent annualised return in the 3-year period. It has an asset base of Rs 16,145 crore, while its NAV is Rs 1,467.8380.
HDFC ELSS Tax Saver Fund - Direct Plan
Benchmarked against NIFTY 500 TRI, the fund has given 16.54 per cent annualised returns since its launch in January 2013.
A Rs 15,000 monthly SIP in the fund has turned into Rs 8,73,396 in the 3-year time frame.