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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, 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 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.
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!
DSP Tax Saver Fund– Growth
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, and 11.06% is 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.
Mirae Asset Tax Saver Fund
An ELSS category equity mutual fund, run and managed by Mirae Asset Mutual Fund House. The fund has 99.57% investment in Indian stocks of which 63.64% is in large-cap stocks, 11.84% is in mid-cap stocks, and 5.83% is in small-cap stocks.
The fund size of the scheme is around Rs 10, 802 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 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.
BOI AXA Tax Advantage Fund– 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, and 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 prime objective of the fund 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. The Scheme is not providing any assured or guaranteed returns.
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.
Union Long Term Equity Fund – Growth
An ELSS category equity mutual fund, run and managed by Union Mutual Fund House. The fund has 95.39% investment in Indian stocks of which 64.43% is in large-cap stocks, 9.69% is in mid-cap stocks, and 5.97% is in small-cap stocks.
The fund has 0.11% investment in Debt of which 0.11% in Government securities.
The fund size of the scheme is around Rs 453 crores and it charges a total expense ratio of around 2.47%. 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 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.
UTI Long Term Equity Fund- Growth
An ELSS category equity mutual fund, run and managed by UTI Mutual Fund House. The fund has 99% investment in Indian stocks of which 46.69% is in large-cap stocks, 17.46% is in mid-cap stocks, and 14.52% is in small-cap stocks.
Fund also has 0.16% investment in Debt of which 0.16% in Government securities.
The fund size of the scheme is around Rs 2796 crores and it charges a total expense ratio of around 2.26%. 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 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.
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).