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21% annual return earned, no tax saved, these 5 ELSS funds will make you happy.

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Investment Tips- ELSS funds have a lock-in period of 3 years. That is, the money invested in it cannot be withdrawn before three years. The special thing is that there is no maximum investment limit in ELSS.

New DelhiEquity-linked Savings Schemes (ELSS) not only offer excellent returns but also provide tax savings. They are also known as tax saving mutual funds. As per SEBI rules, ELSS funds are required to invest at least 80% of the amount in equities, while the remaining 20% ​​can be invested in other assets. Under Section 80C of the Income Tax Act, a tax exemption of up to ₹ 1.5 lakh is available on investment in ELSS. Some ELSS have given spectacular returns over the past ten years. Today we will tell you about five funds that have made former investors rich.

What is worth noting here is that the lock-in period of ELSS funds is 3 years. That is, the money invested in it cannot be withdrawn before three years. The special thing is that there is no maximum investment limit in ELSS and you can start investing as low as ₹ 500. In this, the amount can be invested through lump sum i.e. lump sum and SIP.

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Quant ELSS Tax Saver Fund
The benchmark of Quant ELSS Tax Saver Fund is BSE 500 TRI. Its expense ratio is 0.59%. The fund has had a 10-year average annual return of 20.88% and SIP return of 23.65%. A monthly SIP of ₹10,000 builds a corpus of ₹41.94 lakh in 10 years. A lump sum investment of ₹1 lakh becomes ₹6.66 lakh in 10 years.

Bank of India ELSS Tax Saver Fund
It follows ELLS BSE 500 TRI. The expense ratio of this fund is 0.84% ​​so the 10 year annual return has been 17.55%. Whereas, the SIP return has been 20.42%. A monthly SIP of ₹10,000 created a corpus of ₹35.22 lakh. A lump sum investment of ₹1 lakh becomes ₹5 lakh.

JM ELSS Tax Saver Fund
The expense ratio of JM ELSS Tax Saver Fund to BSE 500 TRI is 1.27%. Its 10-year annualized return has been 17.01% and SIP return 19.79%. In this fund, a monthly SIP of ₹ 10,000 has built up a fund of ₹ 34.04 lakh in 10 years. At the same time, a lump sum investment of ₹1 lakh becomes ₹4.81 lakh.

DSP ELSS Tax Saver Fund
DSPELSS Tax Saver Fund has also given excellent returns over the last ten years. The fund also tracks the benchmark BSE 500 TRI. The expense ratio of this fund is 0.74%. The fund has a 10-year annualized return of 16.72% and a SIP return of 19.01%. A monthly SIP of ₹10,000 has built a corpus of ₹32.79 lakh. A lump sum investment of ₹1 lakh has become ₹4.69 lakh.

Bandhan ELSS Tax Saver Fund
The expense ratio of this fund which tracks BSE 500 TRI is 0.66%. The fund has given an annualized return of 16.17% over the last ten years. Whereas, the SIP return was 18.11%. With a monthly SIP of ₹10,000, a fund of ₹31 lakh was built over ten years. A lump sum investment of ₹1 lakh becomes ₹4.48 lakh.

(Disclaimer: The information given here is based on mutual fund performance. If you want to invest in any of them, consult a certified investment advisor first. News 18 of your profit or loss. will not be responsible for.)

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21% annual return earned, no tax saved, these 5 ELSS funds will make you happy.

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