Kolkata: If you are a taxpayer who wants to save on tax payouts and also want to invest in a mutual fund scheme with the same instrument, an ELSS or equity-linked savings scheme could be an instrument you are looking for. ELSS generates capital appreciation as well as allows the investor to save on taxes. ELSS investments have a uniform three-year lock-in period.
A few points to keep in mind about ELSS funds is that these schemes have to maintain a minimum 80% investment in stocks. After meeting this criterion, they are free to invest the remaining 20% in other assets such as debt securities. But what sets ELSS apart from other categories of mutual funds is the tax saving aspect and a lock-in period of three years. Due to this unique combination, many investors trust ELSS funds. But which are the top ELSS funds in the past five years? Let’s have a look.
There are more than 40 ELSS schemes in operation in India. Almost all fund houses offer ELSS funds. Let’s have a look at some of them. The data is upto May 20, 2025.
SBI Long Term Equity Fund
Regular Plan
Net Assets: Rs 28,506 crore
3-Month Returns: 6.43%
6-Month Returns: 1.84%
1-Year Returns: 8.38%
3-Year Returns: 27.72%
5-Year Returns: 30.30%
Expense Ratio: 1.59%
Value Research Rating: *****
HDFC ELSS Tax Saver Fund
Regular Plan
Net Assets: Rs 16,232 crore
3-Month Returns: 8.57%
6-Month Returns: 5.21%
1-Year Returns: 13.20%
3-Year Returns: 25.08%
5-Year Returns: 29.70%
Expense Ratio: 1.66%
Value Research Rating: *****
Motilal Oswal ELSS Tax Saver Fund
Regular Plan
Net Assets: Rs 3,897 crore
3-Month Returns: 13.01%
6-Month Returns: -2.63%
1-Year Returns: 11.44%
3-Year Returns: 28.63%
5-Year Returns: 29.61%
Expense Ratio: 1.82%
Value Research Rating: ****
DSP ELSS Tax Saver Fund
Regular Plan
Net Assets: Rs 16,638 crore
3-Month Returns: 8.27%
6-Month Returns: 3.02%
1-Year Returns: 13.60%
3-Year Returns: 22.31%
5-Year Returns: 28.12%
Expense Ratio: 1.64%
Value Research Rating: ****
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ELSS funds or equity-linked savings scheme are often popular with those investors who want to derive income tax deductions from mutual fund investments. Here is a snapshot of a few of the better performing ELSS funds in the country. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
