Best Performing ELSS Tax Saving Mutual Funds For Returns Upto 20%

ELSS mutual funds are the only form of mutual funds that qualify for tax breaks. ELSS investments can be made as a lump sum all at once or as a systematic investment strategy (SIP) to expand one's investment portfolio. These funds have a three-year lock-in period, which is the shortest of any tax-saving option. Because of its equity exposure, ELSS has the dual advantage of tax deductions and wealth accumulation. These funds can provide returns that outperform inflation and can therefore be used for long-term money management.

Investing in ELSS, which is covered under Section 80C of the Income Tax Act of 1961, will save you up to Rs 46,800 (tax deductions of up to Rs 1,50,000) per year in taxes.

Here are the best performing ELSS Tax Saving Mutual Funds ranked by CRISIL and Value Research Online agency.

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