- Date : 25/08/2023
- Read: 2 mins
Direct and regular plans of most ELSS funds have generated 25 to 35% annualised three-year returns, says AMFI.
Most tax-saving ELSS direct and regular plan funds have given double-digit annual returns in the last 3 years. According to the Association of Mutual Funds in India (AMFI) data on 24th August, more than 13 ELSS Mutual Funds (including direct and regular plans) have given over 25% to 35% annualised returns in the last 3 years.
Read this article to learn about the 3-year returns of the top 13 ELSS schemes.
Highlights:
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According to AMFI data, most ELSS mutual funds have generated two-digit 3-year annualised returns.
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The quant tax plan has generated the highest 34.41% return in the ELSS category.
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Mirae Asset Tax Saver Fund holds the highest AUM with double-digit returns under this category.
Also Read: Best performing small cap funds with over 30% returns in a year.
List Of Top 13 ELSS Mutual Funds
The following list is curated based on the ELSS fund performance data released by the AMFI.
Also Read: Top 10 equity mutual fund in 2023 based on 6 month returns.
Key takeaways
The ELSS fund is known for their tax benefits, such as maximum tax rebate of Rs 1,50,000 per year and tax savings up to Rs 46,800 a year. However, tax and returns should be the sole criteria for choosing an ELSS mutual fund and you need to analyse the stocks, the fund manager, and the financial status of the FUND house providing the plan.
Find the latest article on mutual funds here.
Disclaimer: This article is intended for general information purposes only and should not be construed as insurance or investment or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.
