Top 5 ELSS Funds

We employed our proprietary screener to generate a list of the best ELSS funds by analysing quantitative factors such as long-term performance of over 10 years.

Tax planning is an essential component of any financial plan. You can claim a tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act of 1961. One such investment that qualifies for such a deduction is an ELSS. With roughly 41 ELSS schemes available, it might be tough to select the best one. In this article, Henil Shah discusses why investing in ELSS makes more sense than other options and presents the top five cherry-picked ELSS funds

A majority of us are busy in the final few weeks before the year ends and in the first few weeks of the fresh year because it is time for taxpayers to start looking for and invest in tax-saving options before the end of the fiscal year. We usually begin to get emails from our Human Resource or Accounts Department asking us to submit investment proofs. We are aware of your predicament and thus in accordance with our regular exercise we have identified the top five equity funds that will not only enable you to reduce your tax liability but also boost your wealth over time. Although an equity linked savings scheme (ELSS) is not the only option for saving taxes, why not choose them over ELSS?