This ELSS Mutual Fund also tracks the Nifty 500 Total Return Index.
The 5-year average profitability of the direct scheme of the tax plan was 21.73 percent.
Investing in ELSS mutual funds gives us a tax exemption of up to Rs 1.5 lakh under section 80C. You can invest money in ELSS funds in lump sum or through SIP. Here are the top 6 ELSS Mutual Funds that outperform Fixed Deposits (FDs) and deliver returns of up to 21, as per data available on the Association of Mutual Funds in India (AMFI) website till March 3, 2023. Interest in 5 years.
First on the list is the Tax Plan. The 5-year average profitability of the direct scheme of the tax plan was 21.73 percent. Similarly, the fixed plan has returned up to 19.89 percent in five years. The tax plan tracks the Nifty 500 total income index.
The direct plan of Mirae Asset Tax Saver Fund has returned 15.02 percent over five years and the fixed plan has returned 13.44 percent to investors. This ELSS Mutual Fund also tracks the Nifty 500 Total Return Index.
The third fund in the list is Canara Robeco Equity Tax Saver Fund. This fund has also given excellent returns to investors in the last 5 years. Investors got 15.38 percent return for 5 years from its direct plan while fixed plan gave investors 14.13 percent return.
At number four on the list, Kotak Tax Savings Fund has generated huge returns for investors over the past five years. Those who invested in the direct plan of this mutual fund got 14.31 percent return. And the next plan of the “Kotak” tax saving fund gave 12.88 percent income in five years.
PGIM India ELSS Tax Saver Fund is also included in ELSS Mutual Funds which provide amazing returns. The direct plan of this fund has given investors a return of 13.59 per cent in five years, while the regular plan has given a return of 11.92 per cent.
The last ELSS fund in this list is Bank of India Tax Benefit Fund. The five-year average return of the Bank of India’s Tax Benefit Fund Direct Plan was 13.32 percent. Similarly, its fixed plan has given investors a return of 12.32 percent over five years.
(Disclaimer: The mutual funds mentioned here are based on the advice of a financial advisor. If you want to invest in any of these, please consult a certified investment advisor first. News18 is not responsible for your profits or losses.)
Read all the latest business news here
