ELSS: 45% return with tax saving in 3 years, is top in terms of returns

ELSS Funds: Do you want to save tax and get the best returns as well? If yes, then Equity Linked Savings Scheme (ELSS) of Mutual Funds is suitable for you. ELSS are diversified equity funds that invest in shares of various companies. ELSS has the shortest lock-in period among all the tax saving options under Section 80C of the Income Tax Act. The lock-in period of ELSS is 3 years while that of others is at least 5 years. The interesting thing is that if we look at the returns of Equity Linked Savings Scheme, the best fund has given returns of more than 45% in 3 years. Meaning your Rs 100 has become more than Rs 145 in 3 years. Let us take a look at 7 ELSS that have given the best returns in 3 years.

Quant Tax
The mutual fund which has given the best returns in the category of ELSS is Quant Tax. As per the data of Value Research, this fund has given a return of 45.30 percent in 3 years. This fund has given a return of 24.33 percent over a period of 5 years.

Bank Of India Tax Advantage
Bank of India Tax Advantage Fund is second in terms of returns. It has given a return of 29.10 percent in 3 years. If we talk about the returns of 5 years, then the return of this fund has been 16.31 percent.

IDFC Tax Advantage
As per Value Research data, IDFC Tax Advantage Fund has given a return of 26.32 per cent. The return of this tax saving fund has been 14.76% over a period of 5 years.

Canara Robeco Eqt Tax Saver
Canara Robeco Equity Tax Saver is at the fourth position in terms of ELSS returns. This fund has given a return of 26.28 percent in 3 years. At the same time, in a period of 5 years, it has given a return of 17.44 percent to its investors.

Parag Parikh Tax Saver
Parag Parikh Mutual Fund is a new Asset Management Company (AMC) as compared to others. Despite this, the fund managers of Parag Parikh Tax Saver Fund have been able to give returns of 26.22 percent to their investors in 3 years.

Mirae Asset Tax Saver
This tax saver scheme of Mirai Asset Management Company has given a return of 24.08 percent in 3 years along with giving the facility of saving tax to the investors. It has given a return of 16.57 percent in 5 years.

Union LT Equity
This is also a tax saver mutual fund which has given a return of 23.61 percent in 3 years. Talking about the 5-year returns, Union LT Equity Fund has given a return of 14.09 percent.

Past performance of Equity Linked Savings Scheme does not guarantee its future performance or returns. Despite this, it can be a good option if you want to get the best returns along with tax saving. Equities have always outperformed over the long term. You can also take advantage of this.

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