Top Four Best ELSS Funds in India
Saving taxes has now become quite easier with Section 80C investments. Do you want to save taxes on your income for this financial year? If yes, then you must choose the right plan for your portfolio and avail maximum benefits of Section 80C of the Income Tax Act. ELSS, i.e., Equity Linked Savings Scheme is one of the best tax-saving plans in India which can help you earn dual advantage of reducing taxes and creating wealth.
Here are the best four ELSS Funds in India to help you out in making an effortless investment with dual benefits. The following schemes are among the best tax saving mutual funds scheme with proven track record.
1.L&T Tax Saver Fund
This scheme is one of the outperformers in its category and has high-yielding return percentages in the past. It has outperformed the category and benchmark even in the market downs with great margins. The year-to-date returns of the scheme (as on May 01, 2017) are 19.18%, and the highest annual returns of the scheme have been 94.83% in the year 2009. In terms of trailing returns of the scheme, it has been analysed by our fund analysts that the one-year returns are considerably higher and the scheme has been able to provide positive returns while beating negative trends irrespective of the market volatility.
2.Reliance Tax Saver Fund
This scheme is consistently an outperformer in the ELSS category and has gained a notable position in the market. The annual returns of the scheme in the past ten years have been commendable in comparison with the benchmark and category’s average, and the year-to-date returns (as on May 01, 2017) are 18.75%. It can be analysed by the past annual returns report that the fund has gained a substantial position in the market while overcoming the negative trends in a better way and has yielded greater returns for the benefit of the investors. The trail returns of the scheme since its inception are 16.0374% (as on May 01, 2017).
3.DSP Blackrock Tax Saver Fund
DSP Blackrock Tax Saver is among the best-performing ELSS schemes in India which is focused on providing the best investment while yielding higher returns and tax benefits to the investors. In the recent past, i.e., in the year 2016, the scheme returned annual returns at the rate of 11.27% as against 4.43% of the category and 3.11% & 2.01% of the benchmark, viz., Sensex and Nifty. The trail returns, as well as the SIP returns of the scheme have been remarkable while beating the benchmarks and category’s average from time to time.
4.Birla Sunlife Tax Relief 96
This scheme is a commendable performer in the recent past and has been offering greater returns irrespective of the market moves. The year-to-date returns of the scheme (as on May 01, 2017) are 17.78% as against 14.74% of the category’s average. The trail returns of the scheme have shown positive trends, and it has been able to provide greater values irrespective of the market movements. The SIP returns of the scheme in the five-year investment are somewhere around 59% which is notable.
All the schemes mentioned above outperformed the market in the positive as well as negative trends and have gained superior position irrespective of the bullish and bearish phases of the market. Selecting a mutual fund for the purpose of tax saving is a crucial decision, and the schemes above can be of great help to you.
If you further need assistance for the purpose of buying ELSS plan for your portfolio, the entire team of MySIPonline shall assist you for sure. You must get associated with us to know which fund is best suited to your investment goal to let you earn wealth and tax-saving benefits altogether.
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