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6 Best Performing Tax Saving Mutual Funds 2022
With tax season around the corner, investors who invest in ELSS always look at the funds that are performing best in the Market. Since, many investors find it difficult to choose one fund amongst so many, we are here to suggest some best performers in the ELSS category.
Investors can invest in these funds and save up to INR 1.5 lakh every year under Section 80C of income tax Act 1961. ELSS schemes have a lock-in period of minimum 3 years. Our recommended best performing tax saving Mutual Funds has been carefully shortlisted by undertaking some of the important parameters like AUM, NAV, past performances, etc.
Thus, investors can easily plan their tax savings by Investing in these funds.
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Best Performing Tax Saving Mutual Funds
The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised. IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a Below is the key information for IDFC Tax Advantage (ELSS) Fund Returns up to 1 year are on To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation.. Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a Below is the key information for Tata India Tax Savings Fund Returns up to 1 year are on 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. DSP BlackRock Tax Saver Fund is a Equity - ELSS fund was launched on 18 Jan 07. It is a fund with Moderately High risk and has given a Below is the key information for DSP BlackRock Tax Saver Fund Returns up to 1 year are on To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a Below is the key information for L&T Tax Advantage Fund Returns up to 1 year are on To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on To achieve capital appreciation by investing
predominantly in equities and equity-related
instruments. A three-year lock-in period shall
apply in line with the regulation for ELSS
schemes. Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a Below is the key information for Sundaram Diversified Equity Fund Returns up to 1 year are on Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2021 (%) IDFC Tax Advantage (ELSS) Fund Growth ₹86.99
↑ 0.99 ₹3,570 -9.8 -8.4 2.4 15.7 12 49.2 Tata India Tax Savings Fund Growth ₹25.1067
↑ 0.26 ₹2,905 -9.4 -8.3 1.8 10.5 9.8 30.4 DSP BlackRock Tax Saver Fund Growth ₹72.287
↑ 0.70 ₹9,504 -8.4 -8 -1.2 14.3 11.4 35.1 L&T Tax Advantage Fund Growth ₹68.566
↑ 0.72 ₹3,080 -12.5 -13.7 -6.2 8.6 6.6 30.3 HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 Sundaram Diversified Equity Fund Growth ₹133.84
↑ 1.50 ₹1,778 -6.9 -7.5 2.1 9.6 6.7 31.5 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jun 22 1. IDFC Tax Advantage (ELSS) Fund
CAGR/Annualized return of 17.4% since its launch. Ranked 3 in ELSS category. Return for 2021 was 49.2% , 2020 was 18.7% and 2019 was 1.9% . IDFC Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (24 Jun 22) ₹86.99 ↑ 0.99 (1.15 %) Net Assets (Cr) ₹3,570 on 31 May 22 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 2.06 Sharpe Ratio 0.57 Information Ratio 0.34 Alpha Ratio 2.67 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹11,761 31 May 19 ₹11,653 31 May 20 ₹8,577 31 May 21 ₹16,873 31 May 22 ₹18,728 Returns for IDFC Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -2.8% 3 Month -9.8% 6 Month -8.4% 1 Year 2.4% 3 Year 15.7% 5 Year 12% 10 Year 15 Year Since launch 17.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 49.2% 2020 18.7% 2019 1.9% 2018 -9.4% 2017 53.4% 2016 0.4% 2015 6.9% 2014 42.2% 2013 15% 2012 36.2% Fund Manager information for IDFC Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 5.62 Yr. Data below for IDFC Tax Advantage (ELSS) Fund as on 31 May 22
Equity Sector Allocation
Sector Value Financial Services 24.34% Consumer Cyclical 17.7% Industrials 13.17% Basic Materials 12.13% Technology 11.37% Health Care 6.92% Energy 4.1% Consumer Defensive 3.5% Communication Services 2.77% Asset Allocation
Asset Class Value Cash 4.01% Equity 95.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | ICICIBANK8% ₹282 Cr 3,800,000
↑ 100,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY6% ₹219 Cr 1,400,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹174 Cr 3,500,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE4% ₹153 Cr 550,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK4% ₹145 Cr 1,050,000
↑ 100,000 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 May 20 | TATAMOTORS3% ₹123 Cr 2,800,000 Greenpanel Industries Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Jul 19 | GREENPANEL3% ₹120 Cr 1,976,440
↓ -123,560 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL3% ₹103 Cr 1,400,000 Deepak Nitrite Ltd (Basic Materials)
Equity, Since 31 Mar 17 | DEEPAKNTR3% ₹100 Cr 430,000
↓ -10,000 Jindal Steel & Power Ltd (Basic Materials)
Equity, Since 31 Mar 18 | JINDALSTEL3% ₹96 Cr 1,784,695
↓ -15,305 2. Tata India Tax Savings Fund
CAGR/Annualized return of 12.7% since its launch. Ranked 1 in ELSS category. Return for 2021 was 30.4% , 2020 was 11.9% and 2019 was 13.6% . Tata India Tax Savings Fund
Growth Launch Date 13 Oct 14 NAV (24 Jun 22) ₹25.1067 ↑ 0.26 (1.03 %) Net Assets (Cr) ₹2,905 on 31 May 22 Category Equity - ELSS AMC Tata Asset Management Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.9 Sharpe Ratio 0.46 Information Ratio -0.51 Alpha Ratio 0.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹11,230 31 May 19 ₹12,016 31 May 20 ₹9,670 31 May 21 ₹15,713 31 May 22 ₹17,082 Returns for Tata India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -2.3% 3 Month -9.4% 6 Month -8.3% 1 Year 1.8% 3 Year 10.5% 5 Year 9.8% 10 Year 15 Year Since launch 12.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 30.4% 2020 11.9% 2019 13.6% 2018 -8.4% 2017 46% 2016 2.1% 2015 13.3% 2014 2013 2012 Fund Manager information for Tata India Tax Savings Fund
Name Since Tenure Tejas Gutka 9 Mar 21 1.23 Yr. Data below for Tata India Tax Savings Fund as on 31 May 22
Equity Sector Allocation
Sector Value Financial Services 35.1% Industrials 17.66% Technology 9.05% Energy 7.54% Consumer Cyclical 7.06% Basic Materials 6.01% Health Care 5.73% Communication Services 4.92% Utility 2.36% Real Estate 1.44% Asset Allocation
Asset Class Value Cash 3.12% Equity 96.88% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK7% ₹208 Cr 2,800,000
↓ -520,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE6% ₹188 Cr 675,000 Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY6% ₹182 Cr 1,160,000
↓ -190,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK6% ₹181 Cr 1,305,000
↑ 170,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN6% ₹171 Cr 3,450,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Jun 17 | HDFC4% ₹128 Cr 575,000
↑ 105,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | AXISBANK4% ₹107 Cr 1,465,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL3% ₹94 Cr 1,275,000 KEI Industries Ltd (Industrials)
Equity, Since 30 Jun 21 | KEI2% ₹68 Cr 563,824 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT2% ₹66 Cr 390,000 3. DSP BlackRock Tax Saver Fund
CAGR/Annualized return of 13.7% since its launch. Ranked 12 in ELSS category. Return for 2021 was 35.1% , 2020 was 15% and 2019 was 14.8% . DSP BlackRock Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (24 Jun 22) ₹72.287 ↑ 0.70 (0.97 %) Net Assets (Cr) ₹9,504 on 31 May 22 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.87 Sharpe Ratio 0.33 Information Ratio 0.36 Alpha Ratio -0.41 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,714 31 May 19 ₹11,579 31 May 20 ₹9,734 31 May 21 ₹16,765 31 May 22 ₹17,934 Returns for DSP BlackRock Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -2.6% 3 Month -8.4% 6 Month -8% 1 Year -1.2% 3 Year 14.3% 5 Year 11.4% 10 Year 15 Year Since launch 13.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 35.1% 2020 15% 2019 14.8% 2018 -7.6% 2017 36.3% 2016 11.3% 2015 4.4% 2014 52.2% 2013 6.7% 2012 39.8% Fund Manager information for DSP BlackRock Tax Saver Fund
Name Since Tenure Rohit Singhania 16 Jul 15 6.88 Yr. Charanjit Singh 1 Jan 21 1.41 Yr. Data below for DSP BlackRock Tax Saver Fund as on 31 May 22
Equity Sector Allocation
Sector Value Financial Services 36.83% Consumer Cyclical 10.69% Basic Materials 10.41% Technology 10.32% Industrials 8.58% Health Care 7.72% Utility 5.83% Communication Services 3.11% Energy 2.68% Consumer Defensive 2.67% Asset Allocation
Asset Class Value Cash 1.16% Equity 98.84% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK9% ₹915 Cr 12,314,497
↑ 136,012 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK8% ₹756 Cr 5,456,452
↑ 564,039 Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY7% ₹709 Cr 4,522,740
↑ 126,850 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK7% ₹640 Cr 8,783,608
↑ 127,811 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN5% ₹504 Cr 10,158,698
↑ 687,305 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Jun 20 | SBILIFE3% ₹273 Cr 2,468,846 NTPC Ltd (Utilities)
Equity, Since 31 Jan 19 | NTPC3% ₹272 Cr 17,387,006
↑ 1,705,727 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL3% ₹260 Cr 3,522,557 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 30 Apr 20 | SUNPHARMA3% ₹259 Cr 2,786,716
↑ 164,235 HCL Technologies Ltd (Technology)
Equity, Since 31 Mar 21 | HCLTECH2% ₹238 Cr 2,204,994 4. L&T Tax Advantage Fund
CAGR/Annualized return of 12.5% since its launch. Ranked 7 in ELSS category. Return for 2021 was 30.3% , 2020 was 13.5% and 2019 was 4.6% . L&T Tax Advantage Fund
Growth Launch Date 27 Feb 06 NAV (24 Jun 22) ₹68.566 ↑ 0.72 (1.07 %) Net Assets (Cr) ₹3,080 on 31 May 22 Category Equity - ELSS AMC L&T Investment Management Ltd Rating ☆☆☆☆ Risk Moderately High Expense Ratio 2.03 Sharpe Ratio 0.03 Information Ratio -0.96 Alpha Ratio -4.08 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹11,278 31 May 19 ₹11,034 31 May 20 ₹8,885 31 May 21 ₹14,280 31 May 22 ₹14,761 Returns for L&T Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -3% 3 Month -12.5% 6 Month -13.7% 1 Year -6.2% 3 Year 8.6% 5 Year 6.6% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 2021 30.3% 2020 13.5% 2019 4.6% 2018 -8.1% 2017 42.3% 2016 8.1% 2015 2.9% 2014 44.8% 2013 6.8% 2012 27.4% Fund Manager information for L&T Tax Advantage Fund
Name Since Tenure Vihang Naik 17 Dec 19 2.46 Yr. Cheenu Gupta 2 Jul 21 0.92 Yr. Data below for L&T Tax Advantage Fund as on 31 May 22
Equity Sector Allocation
Sector Value Financial Services 24.12% Consumer Cyclical 19.57% Technology 17.3% Basic Materials 10.94% Energy 9.63% Health Care 5.02% Utility 4.5% Industrials 2.4% Real Estate 2.01% Consumer Defensive 1.8% Communication Services 1.13% Asset Allocation
Asset Class Value Cash 1.59% Equity 98.41% Top Securities Holdings / Portfolio
Name Holding Value Quantity Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE10% ₹312 Cr 1,118,400 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK8% ₹266 Cr 3,572,500 Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY7% ₹220 Cr 1,400,900
↑ 71,700 State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN5% ₹171 Cr 3,445,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 21 | BAJFINANCE4% ₹123 Cr 184,200 Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TITAN4% ₹122 Cr 496,500 Indian Hotels Co Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | INDHOTEL4% ₹116 Cr 4,540,577 Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT3% ₹101 Cr 234,400
↑ 38,900 Tata Motors Ltd (Consumer Cyclical)
Equity, Since 31 Oct 21 | TATAMOTORS3% ₹91 Cr 2,075,100
↓ -231,500 SRF Ltd (Basic Materials)
Equity, Since 31 Jul 21 | SRF3% ₹87 Cr 344,800 5. HDFC Long Term Advantage Fund
CAGR/Annualized return of 21.4% since its launch. Ranked 23 in ELSS category. . HDFC Long Term Advantage Fund
Growth Launch Date 2 Jan 01 NAV (14 Jan 22) ₹595.168 ↑ 0.28 (0.05 %) Net Assets (Cr) ₹1,318 on 30 Nov 21 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.25 Sharpe Ratio 2.27 Information Ratio -0.15 Alpha Ratio 1.75 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,915 31 May 19 ₹12,033 31 May 20 ₹9,230 31 May 21 ₹16,172
Purchase not allowed Returns for HDFC Long Term Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month 4.4% 3 Month 1.2% 6 Month 15.4% 1 Year 35.5% 3 Year 20.6% 5 Year 17.4% 10 Year 15 Year Since launch 21.4% Historical performance (Yearly) on absolute basis
Year Returns 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 Fund Manager information for HDFC Long Term Advantage Fund
Name Since Tenure Data below for HDFC Long Term Advantage Fund as on 30 Nov 21
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 6. Sundaram Diversified Equity Fund
CAGR/Annualized return of 15.7% since its launch. Ranked 14 in ELSS category. Return for 2021 was 31.5% , 2020 was 9.9% and 2019 was 6.2% . Sundaram Diversified Equity Fund
Growth Launch Date 22 Nov 99 NAV (24 Jun 22) ₹133.84 ↑ 1.50 (1.13 %) Net Assets (Cr) ₹1,778 on 31 May 22 Category Equity - ELSS AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.14 Sharpe Ratio 0.55 Information Ratio -1.02 Alpha Ratio 1.72 Min Investment 500 Min SIP Investment 250 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 May 17 ₹10,000 31 May 18 ₹10,784 31 May 19 ₹10,913 31 May 20 ₹8,126 31 May 21 ₹13,342 31 May 22 ₹14,627 Returns for Sundaram Diversified Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jun 22 Duration Returns 1 Month -1.7% 3 Month -6.9% 6 Month -7.5% 1 Year 2.1% 3 Year 9.6% 5 Year 6.7% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 31.5% 2020 9.9% 2019 6.2% 2018 -10.6% 2017 38.4% 2016 6.8% 2015 3.1% 2014 45.7% 2013 1.4% 2012 34.5% Fund Manager information for Sundaram Diversified Equity Fund
Name Since Tenure Sudhir Kedia 1 Jan 22 0.41 Yr. Rohit Seksaria 24 Feb 21 1.26 Yr. Data below for Sundaram Diversified Equity Fund as on 31 May 22
Equity Sector Allocation
Sector Value Financial Services 39.61% Industrials 13.68% Consumer Cyclical 11.51% Technology 11.3% Energy 6.04% Consumer Defensive 5.83% Health Care 4.7% Basic Materials 3.88% Communication Services 2.41% Real Estate 0.9% Asset Allocation
Asset Class Value Cash 0.14% Equity 99.86% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 11 | ICICIBANK9% ₹164 Cr 2,200,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 12 | RELIANCE6% ₹112 Cr 400,000
↓ -27,195 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 13 | HDFCBANK6% ₹110 Cr 796,000
↓ -14,000 Infosys Ltd (Technology)
Equity, Since 30 Nov 16 | INFY5% ₹93 Cr 592,000
↓ -142,571 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | AXISBANK5% ₹85 Cr 1,170,000 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN5% ₹85 Cr 1,715,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFC3% ₹61 Cr 272,000
↑ 66,186 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Jul 20 | TCS3% ₹59 Cr 165,000
↓ -10,776 Grindwell Norton Ltd (Industrials)
Equity, Since 31 Mar 14 | GRINDWELL3% ₹58 Cr 336,182
↓ -54,694 Polycab India Ltd (Industrials)
Equity, Since 31 Jan 22 | POLYCAB3% ₹57 Cr 229,000
Tax Savings in Equity Linked Saving Scheme
Let's check the tax benefits by comparing tax savings with and without ELSS:
| Particulars | Tax Planning (ELSS) | No Tax Planning |
|---|---|---|
| Gross Total Income | 8,00,000 | 8,00,000 |
| Exemption from Taxation | 1,50,000 | Nil |
| Total Taxable Income | 6,50,000 | 8,00,000 |
| Tax to be Paid | 32,500 | 62,500 |
| Saved Amount | 30,000 | Nil |
Hence, total amount saved by investing in ELSS is INR 30,000.
Benefits of Investing in Tax Saving Mutual Funds
Along with tax benefits, ELSS also offers you the following advantages:
Equity Returns
As ELSS is a combination of equity and tax saving, the money you invest grows as the stock market grows. So, investors can also earn returns from the equity market. Hence, ELSS is also an avenue for a long-term wealth creation.
SIP Benefits
Instead of investing a lump sum amount, investors can choose an easy path by investing monthly via a SIP. With a SIP, one can invest as low as INR 500, making it the most affordable tax-planning and investment avenue for the investors.
Shortest Lock-in Period
ELSS has lock-in period of 3 years, which is the shortest lock-in period among all other tax-saving instruments.
How to Invest in ELSS Funds Online?
Open Free Investment Account for Lifetime at Fincash.com.
Complete your Registration and KYC Process
Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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