Best performing ELSS funds: Top 3 schemes with the highest dividend yields in the past 10 years

Here are the best dividend yield ELSS mutual funds.

dividend-focused mutual funds are a great option for investors seeking regular income without taking on excessive risk. These funds invest in companies that pay substantial dividends, providing a steady stream of returns. By diversifying their investments across various stocks, these funds help mitigate risk associated with single-sector exposure.

Here are the top three ELSS mutual fund schemes that have consistently delivered high dividend yields over the past decade.

*Data as of August 28, 2024

ICICI Prudential ELSS Tax Saver Fund
Established in 1999, this fund has a well-diversified portfolio and has delivered a commendable compound annual growth rate (CAGR) of 17.74 per cent since inception. With a total dividend payout of Rs 72.81 per unit over the past decade, it's a solid choice for investors seeking both growth and income.

Sundaram Diversified Equity (ELSS)
Launched in 1999, this fund has shown consistent returns and a total dividend payout of Rs 47.76 per unit over the past decade. Its CAGR of 15.01 per cent is indicative of its solid performance.

Axis ELSS Tax Saver Fund
A relatively newer entrant in the market, established in 2009, this fund has rapidly gained popularity due to its strong performance. With a CAGR of 15.56 per cent and a total dividend payout of Rs 24.43 per unit, it's a promising option for investors.

Conclusion
All three funds have demonstrated their ability to provide both growth and income, making them attractive choices for investors looking to maximize their returns while enjoying tax benefits. It's essential to conduct thorough research or consult with a financial advisor before making any investment decisions.

Disclaimer: The article is for informational purposes only and not investment advice.