In the long term, investments made in mutual funds schemes get tremendous returns. Investors get the benefit of compounding along with attractive returns in this option. The longer you invest in mutual funds, the more tremendous the returns are. But there are also some mutual funds that gave sixty-six returns even in a one-year period. In today’s article, we discussed the TOP 5 ELSS Funds.
ELSS funds are also included in many categories for investing in mutual funds schemes. Its full name is Equity-Linked Savings Scheme. The returns received through these funds are exempt from tax under Section 80C of the Income Tax Act 1961. Know about 5 such ELSS schemes that not only gave tremendous returns in a period of one year but also gave tax benefits.
Motilal Oswal ELSS Tax Saver Fund
The fund gave investors a tremendous return of 81.29 percent in a period of one year. The current size of this fund is Rs 3984 crore. This fund is also included in the tax saver fund.
JM ELSS Tax Saver Fund
This tax-savings fund has given investors a tremendous return of 63.70 percent in a period of 1 year. Whose fund size is Rs 181 crore?
SBI Long Term Equity Fund
The fund has given a tremendous return of 56.94 percent to investors in the last year. The current size of this fund is around Rs 28,000 crore.
DSP ELSS Tax Saver Fund
This tax-savings fund gave investors a tremendous return of 57.09 percent over a period of one year. Its current fund size is Rs 17,488 crore.
HSBC ELSS Tax Saver Fund
The fund gave investors a return of 61.44 percent in a year. Its current fund size is Rs 4421 crore.
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