ELSS has emerged as a good investment option in the mutual funds category. In the last 3 years some of the ELSS mutual funds have given best returns.
Equity Linked Savings Scheme (ELSS) is one of the popular categories of equity mutual funds. It gives you better returns on your investments and also tax benefits under Section 80C of the Income Tax Act, 1961. ELSS usually have a locking period of 3 years to 5 years.
In order to achieve short term investment goals along with the high returns investors usually prefer ELSS funds. However ELSS is different from other mutual funds as there is a lock-in period of three years. The different categories of ELSS have given returns up to a 39.62 per cent return in the one year & 19.11 percent return in the three years.
Check how much returns Rs 5,000, Rs 10,000, and Rs 15,000 SIPs can give in a 3 years period.
Top 5 ELSS Mutual Funds With Best SIP Returns (XIRR) In 3 Years, according to Zee Business
SBI Long Term Equity Fund – Direct Plan
The fund has given the highest return in SIP (XIRR) of 37.45 per cent in the three years.
A Rs 5,000 monthly SIP for the three years, or a total of Rs 1,80,000 investment, gave a total amount of Rs 3,04,998.
A monthly SIP of Rs 10,000, which makes your investment total of Rs 3,60,000, gave the returns of a total amount of Rs 6,09,996.
A Rs 15,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 9,14,994.
Quant ELSS Tax Saver Fund – Direct Plan
The fund has given SIP returns up to 35.05 per cent in the three-year period.
The fund has 40 stocks in its portfolio including Reliance Industries Limited (RIL), HDFC Bank, Adani Power, Jio Financial, and Aurobindo Pharma as its main stocks.
On Rs 5,000 monthly SIP for the three years, or a total of Rs 1,80,000 investment, has given a total of Rs 2,95,638.
On Rs 10,000 monthly SIP in the three years, or a total investment of Rs 3,60,000, gave a total amount of Rs 5,91,276.
A Rs 20,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 8,86,914.
Motilal Oswal ELSS Tax Saver Fund – Direct Plan
The fund gave returns up to 36.10 per cent annualised SIP returns in the three years.
It has 30 stocks in its portfolio with Zomato, Trent, Prestige Estates, Bharat Dynamics, and Jio Financial as the leading ones.
A Rs 5,000 monthly SIP in the fund in the three years, which is a total of Rs 1,80,000 investment, has given a total amount of Rs 2,99,692.
A Rs 10,000 monthly SIP in the three years, or a total investment of Rs 3,60,000, has given a total amount of Rs 5,99,383.
A Rs 20,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 8,99,075.
ITI ELSS Tax Saver Fund – Direct Plan
The fund has given annualised SIP returns of 34.47 per cent in the three-year period.
A Rs 5,000 monthly SIP in the fund in the three years, or a total of Rs 1,80,000 investment, has given a total amount of Rs 2,93,421.
A Rs 10,000 monthly SIP in the three years, or a total investment of Rs 3,60,000, has given a total amount of Rs 5,86,842.
A Rs 20,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 8,80,263.
Bank of India ELSS Tax Saver Fund – Direct Plan
The fund has given 33.90 per cent annualised SIP returns in the three years.
A Rs 5,000 monthly SIP in the fund in the three years, or a total of Rs 1,80,000 investment, has given a total of Rs 2,91,227.
A Rs 10,000 monthly SIP in the three years, or a total investment of Rs 3,60,000, has given a total amount of Rs 5,82,455.
A Rs 20,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 8,73,682.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)
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