- Advertisement -
Home Personal Finance ELSS Mutual Funds: These ELSS mutual funds gave more than 20% annual...

ELSS Mutual Funds: These ELSS mutual funds gave more than 20% annual returns in 5 years, see details here

0
ELSS Mutual Funds: These ELSS mutual funds gave more than 20% annual returns in 5 years, see details here

ELSS Mutual Funds: The highest return of 29.98 per cent was given by Quant ELSS Tax Saver Fund. This means that if someone had invested Rs 1 lakh in this scheme, it would have increased to Rs 3.71 lakh.

Investor interest in Equity Linked Savings Scheme (ELSS) has increased rapidly. The reason for this is that it is a tax saving mutual fund scheme. Despite this, the lock in period is the shortest i.e. only 3 years. At the same time, in giving returns, this bank is far ahead of all other tax saving schemes including FD, PPF. We are telling you about some such ELSS schemes, which have given more than 20% annual returns to investors in the last 5 years.

Understand this that if an investor had invested ₹ 1 lakh five years ago in an ELSS mutual fund scheme giving bumper returns and he got 20 percent returns for five years, then his investment has now increased to ₹ 2.49 lakh. . That means more than double. These mutual funds have a lock-in period of 3 years and are eligible for tax exemption up to Rs 1,50,000 under Section 80C of the Income Tax Act.

ELSS Fund  5 Year Average Annual Return (%)  ₹1 lakh how much now 
Quant ELSS Tax Saver Fund  29.98  ₹3.71 lakh
Bank of India ELSS Tax Saver Fund 24.26  ₹2.96 lakh
SBI Long Term Equity Fund  20.57  ₹2.55 lakh
Bandhan ELSS Tax Saver Fund  19.39  ₹2.42 lakh

Quant ELSS is at the forefront of returns

The highest return of 29.98 per cent was given by Quant ELSS Tax Saver Fund. This means that if someone had invested Rs 1 lakh in this scheme, it would have increased to Rs 3.71 lakh. Similarly, investing ₹1 lakh in Bank of India ELSS Tax Saver Fund would have grown to ₹2.96 lakh with an annual return of 24.26 per cent. SBI Long Term Equity Fund has given an annual return of 20.57 percent, taking an investment of Rs 1 lakh to Rs 2.55 lakh.

Also Read-

- Advertisement -DISCLAIMER
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com

Exit mobile version