This ELSS Mutual Fund also tracks the Nifty 500 Total Return Index.
The 5 year average return of Quant Tax Plan’s direct scheme has been 21.73%.
By investing in ELSS mutual funds, we get 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. As per the data available on the website of Association of Mutual Funds in India (AMFI) as on March 3, 2023, here are the top 6 ELSS mutual funds which outperform fixed deposits (FDs) and have given returns of up to 21%. percent in 5 years.
First on the list is Quant Tax Plan. The 5 year average return of Quant Tax Plan’s direct scheme has been 21.73%. Similarly, the regular plan has given returns of up to 19.89 per cent in five years. Tracks Quant Tax Plan smelly 500 Total Return Index.
The Direct Plan of Mirae Asset Tax Saver Fund has given a return of 15.02% and the Regular Plan has given a return of 13.44% to the investors in five years. 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 the investors in the last 5 years. Its direct plan has given investors a return of 15.38 per cent in 5 years, while the regular plan has given investors a return of 14.13 per cent.
Fourth in the list is Kotak Tax Saver Fund which has also generated huge profits for the investors in the last five years. Those who put money in the direct plan of this mutual fund got a return of 14.31 percent. And the Regular Plan of Kotak Tax Saver Fund has given 12.88% returns in five years.
ELSS Mutual Funds that have given amazing returns include PGIM India ELSS Tax Saver Fund. The Direct Plan of this fund has given a return of 13.59% to the investors in five years, while the Regular Plan has given a return of 11.92%.
The last ELSS fund in this list is Bank of India Tax Advantage Fund. The five year average return of Direct Plan of Bank of India Tax Advantage Fund has been 13.32%. Similarly, its regular plan has given investors a return of 12.32 per cent in five years.
(Disclaimer: The Mutual Funds mentioned here are based on the advice of a financial advisor. If you wish to invest in any of these, please consult a certified investment advisor first. News18 is not responsible for any profit or loss you make Not there.)
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