Top 7 ELSS Mutual Funds With Highest SIP Returns in 10 Years: Rs 10,000 monthly SIP investment in No. 1 fund has jumped to Rs 41,94,758
Top 7 ELSS Mutual Funds With Highest SIP Returns in 10 Years: ELSS mutual funds are also known as tax saver mutual funds. Through investing in ELSS mutual funds, taxpayers following the old tax regime can save up to Rs 1.50 lakh in income tax under Section 80C of the Income Tx Act, 1961.
Top 7 ELSS Mutual Funds With Highest SIP Returns in 10 Years: The income tax season is on. Taxpayers need to make investments till March 31, 2025, to save tax. Old taxpayers can claim up to Rs 1.50 lakh in a financial year under Section 80C of the Income Tax Act, 1961. The only category among mutual funds, investments in which, come under Section 80C, is Equity Linked Saving Scheme (ELSS). These funds come with a 3-year lock-in period. Most ELSS funds are large cap stock-heavy and can give stable returns in the long run. Here we take you through the top 7 ELSS mutual funds with highest SIP returns in 10 years. Also know the value of Rs 10,000 monthly investment in each fund.
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Quant ELSS Tax Saver Fund - Direct Plan
The fund has given 23.65 per cent annualised SIP return in 10 years.
It has assets under management (AUM) of Rs 10,513 crore, while its net asset value (NAV) is Rs 385.8966.
Benchmarked against NIFTY 500 TRI, the fund has given 20.98 per cent annualised return since its debut in January 2013.
Quant ELSS Tax Saver Fund - Direct Plan
With an expense ratio of 0.59 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in the 10-year period, or a total investment of Rs 12,00,000, has grown to Rs 41,94,758.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
The fund has given 22.01 per cent annualised SIP return in the 10-year time frame.
It AUM of Rs 4,415 crore, while its NAV is Rs 60.7247.
Benchmarked against NIFTY 500 TRI, the fund has given 19.82 per cent annualised return since its inception in January 2015.
Motilal Oswal ELSS Tax Saver Fund - Direct Plan
At an expense ratio of 0.65 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in 10 years has converted into Rs 38,38,509.
Bank of India ELSS Tax Saver Fund - Direct Plan
The fund has given 20.42 per cent annualised SIP return the 10-year period.
It has an asset base of Rs 1,441 crore, while its unit price is Rs 187.8900.
Benchmarked against BSE 500 TRI, the fund has given 18.87 per cent annualised return since its launch in January 2013.
Bank of India ELSS Tax Saver Fund - Direct Plan
With an expense ratio of 0.84 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in 10-year time frame has jumped to Rs 35,22,383.
JM ELSS Tax Saver Fund - Direct Plan
The fund has given 19.79 per cent annualised SIP return in 10 years.
It has a fund size of Rs 183 crore, while its unit price is Rs 55.0154.
Benchmarked against BSE 500 TRI, the fund has given 18.39 per cent annualised return since its starting in January 2013.
JM ELSS Tax Saver Fund - Direct Plan
At an expense ratio of 1.27 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in 10-year period has swelled to Rs 34,04,210.
SBI Long Term Equity Fund - Direct Plan
The fund has given 19.26 per cent annualised SIP return in the 10-year time frame.
Its AUM is Rs 27,791 crore, while its NAV is Rs 453.3561.
Benchmarked against BSE 500 TRI, the fund has given 17.10 per cent annualised return since its beginning in January 2013.
SBI Long Term Equity Fund - Direct Plan
With an expense ratio of 0.93 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in 10-year has grown to Rs 33,08,788.
DSP ELSS Tax Saver Fund - Direct Plan
The fund has given 19.1 per cent annualised SIP return the 10-year period.
It has an asset base of Rs 16,610 crore, while its NAV is Rs 146.8420.
Benchmarked against NIFTY 500 TRI, the fund has given 18.41 per cent annualised return since its launch in January 2013.
DSP ELSS Tax Saver Fund - Direct Plan
At an expense ratio of 0.74 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in 10-year time frame has converted into Rs 32,79,652.
Bandhan ELSS Tax Saver Fund - Direct Plan
The fund has given 18.11 per cent annualised SIP return in 10 years.
It has a fund size of Rs 6,822 crore, while its unit price is Rs 165.8380.
Benchmarked against BSE 500 TRI, the fund has given 18.12 per cent annualised return since its inception in January 2013.
Bandhan ELSS Tax Saver Fund - Direct Plan
With an expense ratio of 0.66 per cent, the fund has Rs 500 as the minimum SIP and lump sum investment each.
A Rs 10,000 monthly SIP investment in 10-year period has jumped to Rs 31,09,675.