Top 5 ELSS Funds: Up to 21% CAGR returns over 10 years! Rs 10K SIP grows up to a whopping Rs 42 lakh

Equity-Linked Savings Schemes (ELSS), also known as tax-saving mutual funds, have the potential for higher returns, and they also carry the added advantage of tax savings for investors. ELSS fund invests primarily in equity and equity-related instruments. As per SEBI norms, it is mandatory for an ELSS fund to invest at least 80% of the total funds in equity, while the remaining 20% ​​can be invested in other assets.

ELSS mutual funds are quite popular among long-term investors due to their ability to give substantial returns alongside tax benefits. Under Section 80C of the Income Tax Act, ELSS funds allow tax deductions of up to Rs 1.5 lakh.

ELSS funds come with a mandatory three-year lock-in period. Although there’s no maximum limit for investment, you can start with as little as Rs 500, either through a lump sum investment or a Systematic Investment Plan (SIP). Here, we will review the top 5 ELSS funds and analyse their lump sum and SIP returns over the past 10 years, based on Value Research data.

Also read: MFs close 2024 with record Rs 3.9L-crore inflows

Quant ELSS Tax Saver Fund – Direct Plan

Benchmark: BSE 500 TRI

Riskometer level: Very high

Expense Ratio: 0.59%

10-year annualised return of fund: 20.88%

Benchmark’s annualised returns of 10 years: 13.86

Fund’s 10-year SIP returns: 23.65%

If someone had started an SIP of Rs 10,000 in Quant ELSS Tax Saver Fund – Direct Plan, the individual would have made a corpus of Rs 41.94 lakh over the last 10 years, with CAGR returns of 23.65%.

At the same time, a lump sum investment of Rs 1 lakh in this fund 10 years ago would have turned into Rs 6.66 lakh, with CAGR returns at 20.88%.

Bank of India ELSS Tax Saver Fund – Direct Plan

Benchmark: BSE 500 TRI

Riskometer level: Very high

Expense Ratio: 0.84%

10-year annualised return of fund: 17.55%

Benchmark’s annualised returns of 10 years: 13.86

Fund’s 10-year SIP returns (annualised): 20.42%

With this SIP returns, an investment of Rs 10,000 would have turned into a corpus of Rs 35.22 lakh.

A lump sum investment of Rs 1 lakh made 10 years ago would have turned to Rs 5 lakh,

 » Read More

Related Articles

Maha Kumbh Mela 2025: Now get insured for missed flight, baggage loss, personal accident; see details

Maha Kumbh Mela 2025: Days before the start of the world’s largest religious congregation ‘Maha Kumbh 2025’, digital payment app PhonePe, in partnership with ICICI Lombard General Insurance, has launched a first-of-its-kind insurance coverage for devotees travelling to Prayagraj. The insurance plan is designed for travellers attending the upcoming Maha Kumbh Mela from January 13

Infosys, HCL set to address business outlook under Trump presidency

Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings.  Overall, investors appear to view the incoming administration favorably for the sector, as

Larsen & Toubro Chairman faces backlash over 90-hour workweek remarks; Industry reacts

Larsen & Toubro’s chairman, SN Subrahmanyan, recently faced backlash after comments he made about wanting his employees to work 90 hours a week went viral. During an employee interaction, Subrahmanyan expressed regret over not being able to make employees work on Sundays, suggesting that working on weekends would lead to “extraordinary outcomes.” His remarks, which

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Maha Kumbh Mela 2025: Now get insured for missed flight, baggage loss, personal accident; see details

Maha Kumbh Mela 2025: Days before the start of the world’s largest religious congregation ‘Maha Kumbh 2025’, digital payment app PhonePe, in partnership with ICICI Lombard General Insurance, has launched a first-of-its-kind insurance coverage for devotees travelling to Prayagraj. The insurance plan is designed for travellers attending the upcoming Maha Kumbh Mela from January 13

Infosys, HCL set to address business outlook under Trump presidency

Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings.  Overall, investors appear to view the incoming administration favorably for the sector, as

Larsen & Toubro Chairman faces backlash over 90-hour workweek remarks; Industry reacts

Larsen & Toubro’s chairman, SN Subrahmanyan, recently faced backlash after comments he made about wanting his employees to work 90 hours a week went viral. During an employee interaction, Subrahmanyan expressed regret over not being able to make employees work on Sundays, suggesting that working on weekends would lead to “extraordinary outcomes.” His remarks, which

Volatile Friday for markets: Nifty, Sensex down over 2% this week; Nifty IT Index outperforms

The equity markets end the highly volatile session on a lower note on Friday. The Nifty 50 closed the counter 95 points, or 40%, lower at 23,431.50, breaching its important support level of 23,500. The Sensex dropped 241.30 points, or 31%, finishing the day at 77,378.91. The Nifty 50 shed 2.5% this week while the

Rupee hits all-time low of 85.97 as dollar strengthens ahead of US jobs data

The Indian rupee slid to an all-time low on Friday, closing at 85.9650 against the US dollar, down 0.2% for the week. This marked its tenth consecutive weekly decline, surpassing the previous record low of 85.9325 reached on Thursday. The currency has faced consistent pressure from a strengthening dollar and weak capital inflows. The dollar