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ELSS Equity Mutual Funds, simply an asset class that help grow your invested money into a big corpus over the long term and simultaneously helps you save taxes every financial year. You stay invested in the fund for the term!
ELSS comes with a lock-in period of 3 years, which is the shortest holding compared to all other tax savings. By Investing in ELSS, one can attain deductions up to INR 1,50,000 from their taxable income as per Section 80C of the income tax Act.
These funds have most of their assets invested in equity and equity-related instruments, thus they also generate returns similar to equity mutual funds.
If you are planning to invest with the prominent objective to save your taxes then do plan it in ELSS fund and enjoy the dual benefits, that is wealth creation along with tax saving!
Here we have some of the BEST ELSS EQUITY MUTUAL FUNDS listed below, for your assistance!
To receive a free advisory on Investments In Mutual Fund, contact our executives asap!
Axis Long Term Equity Fund – Growth
An ELSS category equity mutual fund, run and managed Axis Mutual Fund House. The fund has 97.28% investment in Indian stocks, out of which 65.92% is in large-cap stocks, 18.35% is in mid-cap stocks, 4.09% in small-cap stocks.
The fund size (Asset Under Management) of the scheme is around Rs 30,520 crores and it charges a total expense ratio of around 1.66%. Fund has a lock-in period of three years, which means investors cannot withdraw their investment before 3 years of investment.
If the investors invest in ELSS mutual funds via SIP, then each SIP installment in his ELSS investment is locked for three years right from the date of its payment and cannot be redeemed before three years.
The prime objective of the fund is to generate income and long-term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity-related securities.
This fund is best recommended to investors looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations.
Also, investors are made aware of the three-year lock-in period and the possibility of moderate losses during their investment in ELSS funds.
Aditya Birla Sun Life Tax Relief 96 - Regular Plan-Growth
An ELSS category equity mutual fund, run and managed Aditya Birla Sun Life Mutual Fund House. The fund has 99.84% investment in Indian stocks, out of which 37.17% is in large-cap stocks, 40.74% is in mid-cap stocks, 9.51% in small-cap stocks.
The fund size (Asset Under Management) of the scheme is around Rs 14,044 crores and it charges a total expense ratio of around 1.79%. Fund has a lock-in period of three years, which means investors cannot withdraw their investment before 3 years of investment.
If the investors invest in ELSS mutual funds via SIP, then each SIP installment in his ELSS investment is locked for three years right from the date of its payment and cannot be redeemed before three years.
The prime objective of the fund is long-term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt, and money market securities.
This fund is best recommended to investors looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. Also, investors are made aware of the possibility of moderate losses during their investment in ELSS funds.
IDFC Tax Advantage (ELSS) Fund - Regular Plan-Growth
An ELSS category equity mutual fund, run and managed by IDFC Mutual Fund House. The fund has 97.39% investment in Indian stocks, out of which 48.09% is in large-cap stocks, 13.97% is in mid-cap stocks, 29.1% in small-cap stocks.
The fund size (Asset Under Management) of the scheme is around Rs 3,295 crores and it charges a total expense ratio of around 1.9%. Fund has a lock-in period of three years, which means investors cannot withdraw their investment before 3 years of investment.
If the investors invest in ELSS mutual funds via SIP, then each SIP installment in his ELSS investment is locked for three years right from the date of its payment and cannot be redeemed before three years.
The prime objective of the fund is to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.
This fund is best recommended to investors looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. Also, investors are made aware of the possibility of moderate losses during their investment in ELSS funds.
To get more details about the fund you can refer to the fund fact sheet or you can get in touch with us. Call us on- 0612-6604453 or mail us at [email protected]
For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
Happy Investing!
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).