Which mutual fund is best for ELSS?
Best ELSS Funds ranked by ET Money on performance consistency & downside protection
- SBI Long Term Equity Fund.
- L Tax Advantage Fund.
- Franklin India Taxshield Fund.
- Aditya Birla Sun Life Tax Relief 96 Fund.
- Nippon India Tax Saver (ELSS) Fund.
- HDFC Taxsaver Fund.
- Quantum Tax Saving Fund.
- Parag Parikh Tax Saver Fund. N.A.
Which is the best ELSS scheme in India?
Best ELSS Funds to Invest in March 2022
| Fund Name | 1Y CAGR 3Y CAGR 5Y CAGR Till Date CAGR | Till Date CAGR |
|---|---|---|
| Tata India Tax Savings Fund (G) | 15.7% | 14.9% |
| SBI Magnum Long Term Equity Scheme (G) | 14.7% | 11.2% |
| Baroda ELSS 96 Plan A (G) | 16.3% | 8.4% |
| IDFC Tax Advantage ELSS Fund (G) | 19.9% | 18.8% |
Can we invest in ELSS for 15 years?
Since ELSS funds come with a lock-in period of three years, you can realise only long-term capital gains. These gains of up to Rs 1,00,000 a year are made tax-exempt. Any gains above this limit are taxable at 10%, and there is no benefit of indexation provided.
Which is the best mutual fund in India?
The table below shows the best equity funds:
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| ICICI Prudential Technology Fund | 31.9% | 39.96% |
| Aditya Birla Sun Life Digital India Fund Growth | 33.13% | 39.8% |
| Tata Digital India Fund Regular Growth | 34.23% | 39.65% |
| Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan | 32.42% | 39.15% |
Which is better ELSS or PPF?
However, PPF offers much lower returns over a longer time horizon than ELSS. The tax benefits and capital safety are more in favour of PPF; ELSS certainly is an option for better returns. It depends on whether you have the appetite for market volatility or not.
Can I take 2 ELSS funds?
Should you invest in multiple ELSS funds? You may consider investing in two or three ELSS funds. However, you may avoid investing in multiple ELSS funds as you could struggle to monitor your investment. You may avoid investing in five or six ELSS funds as it may result in an overlap of your portfolio.
Which are the top 10 ELSS mutual funds in India?
Top 10 Elss Mutual Funds Fund Name 1Y Returns Rating Fund Size (in Cr) Quant Tax Plan Fund 89.1% 5 star ₹ 327 Mirae Asset Tax Saver Fund 63.1% 5 star ₹ 8,739 Canara Robeco Equity Tax Saver 65.5% 5 star ₹ 2,469 BOI AXA Tax Advantage Fund 71.2% 4 star ₹ 490
What is ELSS mutual fund?
Equity-Linked Savings Scheme or ELSS is an open-ended equity mutual fund. The best ELSS mutual funds invest in equity and equity-related securities of companies across the market segment. Investments in ELSS mutual funds are eligible for tax benefits under section 80C of the Income Tax Act.
Should you invest in elsss to beat inflation?
Consider, for example, the returns offered by ELSSs. The tax saving mutual fund category offered around 15.57% in the last three years, 13.06% in the last five years. It offered around 15.43% in the last 10 years. As you know, most investments permitted under the 80C basket offer fixed rates of returns. They are unlikely to beat inflation.
What is a five-year tax saving FD (ELSS)?
Five-year tax saving FD, as the name denotes, calls for locking up the money for five years. Sure, you should invest in ELSSs only with a longer investment horizon, but you should know that you can take money after three years if you have an emergency.