Top 3 ELSS Funds
After knowing about the tax-saving ELSS fund, you now have to decide which Mutual Fund Scheme should be selected. By the way, you can research yourself to choose a mutual fund and it will also be the best. But if there is a shortage of time, then you can see the list of my top tax saving mutual funds.
The three Best Mutual funds we have selected for you have managed to give more than average returns over the last three and five years. Not only this, these funds have not taken many risks either. And therefore, fluctuations in these funds have also been relatively low.
Best ELSS: Best Mutual Funds to Save Tax
Mutual funds can not only give you great returns but also tax can be saved through them. So, do you look for such mutual funds for tax saving and good returns in 2019? Today we will tell you about the best tax saving funds in this post. After researching more than fifty mutual fund schemes, we have chosen the best 3 mutual fund schemes for you. These funds offer good returns as well as low risks and their performance is sustainable compared to others.
Tax-saving mutual funds are also called the Equity Linked Savings Scheme (ELSS). These funds invest in the stock market and your money stays for 3 years. Under section 80C, a tax is exempted on investments in these funds.
Below we have created a table of names, risks, and returns of the Top 3 Tax Saving Fund
Are the Best Tax Saving Mutual Fund for 2019
1. L & T Tax Advantage Fund
This is the first fund of our list. For the last several years this fund has done well. This fund has taken a lot of risks too. In the last three years, it has given returns of around 14% annually. If you had invested 10 thousand rupees in this fund in January 2013, then the amount increased to more than Rs 23 thousand today. Its fund manager is SN Lahiri. They are managing this fund since November 2012.
This is the first fund of our list. For the last several years this fund has done well. This fund has taken a lot of risks too.
2. Aditya Birla Sun Life Tax Relief
This is a very old tax saving fund. And has been earning well since last several years. In the last 5 years, this fund has given 21% returns annually. If you had invested 10 thousand rupees in this fund in January 2013, then its value was around 26,000 rupees today. Ajay Garg is handling this fund since October 2006.
This is a very old tax saving fund. In the last 5 years, this fund has given 21% returns annually.
This fund has the money of 66.3 billion which it has invested in shares.
Reliance has three top three shares in Honeywell Automation and Gillette.
The expense ratio of the fund (deduction for expenditure) is 1.11%.
3. Axis Long Term Equity
Until two years ago, this mutual fund scheme was in vogue. It had earned so much good that there was no other fund around. But the year 2017 is not good for it. However, in 2018 it has again caught the momentum and has managed to get the third position. In the last five years, Axis Long Term Equity has earned 22% annual growth. If you had invested 10 thousand rupees in this fund in January 2013, then its value is now close to Rs. 29 thousand. Jinnah Gupta is managing this fund since October 2011. Because of its massive earnings, it got a lot of money. At present, it has an investment of Rs. 170 billion. The top three stocks of this fund are: TCS, HDFC Bank, Kotak Mahindra Bank
Jinnah Gupta is managing this fund since October 2011.
Consider, I have not chosen the highest earning funds by blinding me. Rather, take care that your money is safe. Not only that, I have chosen good earning funds for three years and five years. I have ignored the fast pace of short duration. Because you also have to invest in these funds for at least three years. Rather you need a marathon run fund.
But I think it is important to say that there is no guarantee of a return in a mutual fund. Its money seems to be in the stock market and the effect of its move also depends on its return. There is also a risk of losing your capital in a mutual fund. However, when money is spent for a long period, this risk is very low.
For you, we have selected direct plans for funds. There are two plans for the same fund, Regular and Direct. Direct Plan does not cut the commission of the distributor every year, hence the return is more, but for that, you have to invest in the website or fund house branch.