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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, they also help build wealth over the long term.
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.
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
An ELSS category equity mutual fund, run and managed by Axis Mutual Fund House. The fund has 98.7% investment in Indian stocks of which 66.15% is in large-cap stocks, 16.89% is in mid-cap stocks, 3.38% in small-cap stocks.
The fund size of the scheme is around Rs 31,208 crores and it charges a total expense ratio of around 1.67%. 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 income and long-term capital appreciation by investing substantially in a portfolio 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.
BOI AXA Tax Advantage Fund - Eco Plan-Growth
An ELSS category equity mutual fund, run and managed by BOI AXA Mutual Fund House. The fund has 95.61% investment in Indian stocks of which 36.33% is in large-cap stocks, 19.4% is in mid-cap stocks, 13.99% in small-cap stocks.
Fund also has 0.1% investment in Debt of which 0.1% in Government securities.
The fund size of the scheme is around Rs 539 crores and it charges a total expense ratio of around 2.22%. 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 growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalizations. The Scheme is like a diversified multi-cap fund.
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.
DSP Tax Saver Fund
An ELSS category equity mutual fund, run and managed by DSP Mutual Fund House. The fund has 98.38% investment in Indian stocks of which 56.21% is in large-cap stocks, 20.06% is in mid-cap stocks, 11.06% in small-cap stocks.
The fund size of the scheme is around Rs 9,397 crores and it charges a total expense ratio of around 1.8%. The fund does not charge any exit load. However, redemption before three years of investment is not allowed.
The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity-related securities of corporates and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.
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
An ELSS category equity mutual fund, run and managed by IDFC Mutual Fund House. The fund has 95.54% investment in Indian stocks of which 49.33% is in large-cap stocks, 13.69% is in mid-cap stocks, 22.3% in small-cap stocks.
The fund size of the scheme is around Rs 3,428 crores and it charges a total expense ratio of around 0.68%. The fund does not charge any exit load. However, redemption before three years of investment is not allowed.
The primary investment objective of the Scheme 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.
Sundaram Tax Saving Fund
An ELSS category equity mutual fund, run and managed by Principal Mutual Fund House. The fund has 95.97% investment in Indian stocks of which 54.09% is in large-cap stocks, 11.31% is in mid-cap stocks, 10.31% in small-cap stocks.
The fund size of the scheme is around Rs 904 crores and it charges a total expense ratio of around 2.41%. The fund does not charge any exit load. However, redemption before three years of investment is not allowed.
The primary investment objective of the Scheme 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.
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 of future returns).