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.
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