Greeting To Our Readers!
ELSS (Equity Linked Saving Scheme), a tax-saving mutual fund scheme is the answer to all your tax troubles. These funds not only help save taxes on your returns, in fact being an equity-related fund, it also helps build wealth over the long term.
ELSS or Equity Linked Saving Schemes, are Equity mutual fund schemes, made specifically, for those investors who want to generate wealth through investment and at the same time they also want tax-saving returns.
As per SEBI (Security Exchange Board of India) and Section 80C of The Income Tax Act, investment up to Rs 1.5 lakh per annum in ELSS mutual funds offers tax-saving returns to its investors.
How to Choose the Right ELSS Funds?
Let us know about the features that one should know before selecting the right ELSS mutual funds to invest in.
- The fund should have invested a large percentage of its portfolio in equity
- The lock-in period is 3 years (which is the shortest amongst all tax-saving instruments).
- You can reap the benefits of both capital appreciation from investments in equity along saving tax.
- You have the option of dividend payouts or choose a growth option for capital appreciation.
Well, for you we have prepared a list of some of the BEST ELSS MUTUAL FUNDS, based on returns, latest Nav, ratings, performance, etc. 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 by Axis Mutual Fund House. The fund has 96.92% investment in Indian stocks, out of which 65.1% is in large-cap stocks, 18.46% is in mid-cap stocks, 4.24% in small-cap stocks.
The fund size of the scheme is around Rs 31,015 crores and it charges a total expense ratio of around 1.61%. The fund does not charge any exit load. However, redemption before three years of investment is not allowed.
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 who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations.
Aditya Birla Sun Life Tax Relief 96 - Regular Plan-Growth
An ELSS category equity mutual fund, run and managed by Aditya Birla Sun Life Mutual Fund House. The fund has 99.62% investment in Indian stocks, out of which 36.42% is in large-cap stocks, 41.36% is in mid-cap stocks, 9.99% in small-cap stocks.
The fund size of the scheme is around Rs 14,230 crores and it charges a total expense ratio of around 1.76%. The fund does not charge any exit load. However, redemption before three years of investment is not allowed.
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 who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations.
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 98.48% investment in Indian stocks, out of which 48.8% is in large-cap stocks, 14.03% is in mid-cap stocks, 29.76% in small-cap stocks.
The fund size of the scheme is around Rs 3,316 crores and it charges a total expense ratio of around 1.99%. The fund does not charge any exit load. However, redemption before three years of investment is not allowed.
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 who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations.
Mirae Asset Tax Saver Fund - Regular Plan-Growth
An ELSS category equity mutual fund, run and managed by Mirae Asset Mutual Fund House. The fund has 99.02% investment in Indian stocks of which 55.3% is in large-cap stocks, 17.74% is in mid-cap stocks, 8.31% in small-cap stocks.
The fund size of the scheme is around Rs 8,739 crores and it charges a total expense ratio of around 1.81%. The fund does not charge any exit load. However, redemption before three years of investment is not allowed.
The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.
This fund is best recommended to investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations.
Canara Robeco Equity Tax Saver - Regular Plan-Growth
An ELSS category equity mutual fund, run and managed by Canara Robeco Mutual Fund House. The fund has 97.9% investment in Indian stocks, out of which 57.7% is in large-cap stocks, 17.84% is in mid-cap stocks, 6.91% is in small-cap stocks.
The fund size of the scheme is around Rs 2,469 crores and it charges a total expense ratio of around 2.11%. The fund does not charge any exit load. However, redemption before three years of investment is not allowed.
The prime objective of the fund is to provide long-term capital appreciation by predominantly investing in equities to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961.
This fund is best recommended to investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations.
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).