Top performing ELSS Funds in the last three years

Top performing ELSS Funds in the last three years

Siddhi Sharma
/ Categories: Mutual Fund, MF Unlocked

Generally, a mutual fund offers a variety of schemes with the aim to cater to different types of investors. In India, people are always in search of instruments that offer them to save their taxes. Looking at this desire of investors mutual funds came up with the tax-saving scheme known as Equity Linked Saving Scheme (ELSS). This is an open-ended equity-oriented scheme with a statutory lock-in period of three years. The scheme invests at least 80 per cent of total assets towards equity and equity-related instruments. Tax benefits are the most attractive aspect of these funds and you get tax benefit u/s 80C of Income Tax Act, 1961 up to Rs 1.5 lakh. 

 

Following table depicts the top ELSS Funds based on the three-year return along with its AUM and Expense ratio: 

Fund Name 

3-Year Return 

Expense ratio 

AUM (in Crs.) (as of 31st Oct 2021) 

Quant Tax Plan 

36.98 per cent 

0.57 per cent 

₹487 

BOI AXA Tax Advantage Fund 

28.90 per cent 

1.54 per cent 

₹519 

Mirae Asset Tax Saver Fund 

25.22 per cent 

0.43 per cent 

₹10,146 

Canara Robeco Equity Tax Saver Fund 

25.16 per cent 

0.75 per cent 

₹2,893 

DSP Tax Saver Fund 

22.70 per cent 

0.81 per cent 

₹9,805 

Union Long Term Equity 

22.60 per cent 

1.98 per cent 

₹449 

UTI Long Term Equity Fund 

22.56 per cent  

1.15 per cent 

₹3,046 

JM Tax Gain Fund 

22.54 per cent  

1.69 per cent 

₹66 

Kotak Tax Saver Fund 

22.25 per cent 

0.72 per cent 

₹2,323 

Axis Long Term Equity Fund 

22.21 per cent 

0.74 per cent 

₹34,235 

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