Best Tax Saving Mutual Funds-Invest in Top ELSS Fund 2020

 

Best Tax Saving Mutual Funds-Invest in Top ELSS Fund 2020

 

Equity Linked Saving Scheme is the best tax saving Mutual Fund.

It is exempted under Sec 80C of the IT Act.

I am illustrating India’s “Best Tax Saving Mutual Funds-Invest in Top ELSS Fund 2020”.

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Some features of ELSS:-

  • Investment up to Rs.1,50,000/- can be claimed as a tax deduction in each financial year.
  • Has a Lock-In period of 3 Years.
  • Average Returns around 15% in 3 years.
  • Better Investment than PPF and Fixed Deposit.

 

ELSS Investment gives dual profit Capital gains as well as Tax Exemption.

That’s why it is the most preferred Tax saving Investment. 

 

Since ELSS are categorized as:-

 

  • Regular-Growth
  • Dividend 
  • Dividend -Growth

You can Read:-

7 points you must know while investing in Mutual Funds

List of Mutual Fund Companies in India-Top Mutual Fund House

What is Mutual fund, Its Type & Category of It?

 

Here all Regular Growth Plan, Equity-Based, ElSS are discussed. 

 

AMC 1 YEAR 3 YEAR 5 YEAR AUM(cr) NAV(Rs.) Return Since Inception Start Date

Aditya Birla Sun Life Tax Relies on 96 – INVEST NOW

5.71% 11.41 % 8.43 % 10,029 35.26  23.50% Jan 01, 2013
DSP Tax Saver Fund –  INVEST NOW 14.83% 13.05% 10.92% 6,259.99 53.043 13.67% Jan 18, 2007
Edelweiss Long Term Equity Fund (Tax Savings)-  INVEST NOW 9.18% 10.99% 7.60% 111.38 49.76 15.37% 30-12-2008
HDFC Tax Saver-Regular-Growth Option-
INVEST NOW
5.05 6.48 5.71 7,454.46 515.691 22.91 31.03.96
ICICI Prudential Long Term Tax Saving Fund Growth-
INVEST NOW
8.81 11.27 8.36 6707.34 398.15 19.73% August 19, 1999

IDFC Tax Advantage (ELSS) Fund)-

INVEST NOW

1.95% 12.29% 8.73% 10,194.55 57.160 16.74 26-12-2008

INDIABULLS TAX SAVINGS FUND- For Investment Online Download App

12.10 12.82 NA 58.33 10.19 4.43 29-Dec-17

Invesco India Tax Plan-Growth

INVEST NOW

9.43% 13.61% 9.92% 957.03 54.95 13.77% December 29, 2006

Kotak Tax Saver Fund- Invest Now

19.18 12.83 9.14 1067.51 49.12 11.88 November 23, 2005

L&T Tax Advantage Fund-

INVEST NOW

4.65% 11.01% 8.77% 3,381 57.38 13.15% 27-Feb-06

Mirae Asset Tax Saver Fund- INVEST NOW

8.84 13.86 NA 948.34 19.53 16.41 28th December 2015
Parag Parikh Tax Saver Fund-INVEST NOW NA NA NA 24.67 10.95 NA July 24, 2019
Quantum Tax Saving Fund – Direct-Growth –
INVEST NOW
-0.88% 6.74% 7.01% 78 53.68 16.37% Dec 23, 2008

Taurus Tax Shield Fund-

INVEST NOW

9.82% 12.95% 8.57% 66.59 83.01 9.29% 31-Mar-96
Union Long Term Equity Fund- INVEST NOW 9.81% 9.01% 4.57% 263.53 26.39 12.53% 23 December 2011

UTI Long Term Equity Fund (Tax Saving)-

INVEST NOW

10.35 NA 7.8 1308.63 95.27 346.86% December 15, 1999

Principal Tax Saving Fund-Direct Growth   

INVEST NOW

7.43% 10.71% 8.55% 408.17 219.99 14.26% 01-01-2013

 

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