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These 4 Tax Saver Mutual Funds Offered More than 20% Returns In 3 year Lock-In
ELSS stands for Equities Linked Savings Schemes, which are diversified equity funds that provide you with a tax deduction under Section 80C of up to Rs 1.5 lakh for an investment that you may claim a tax break on. It comes with a three-year contract. You can't get the money out for three years once it's in there. When it comes to equity, three years is probably the absolute least. These 4 ELSS funds have offered good years, one can opt to invest through SIP in these funds.
DSP Tax Saver- Direct Plan-Growth
This is a Tax Saver (ELSS) mutual fund scheme from DSP Mutual Fund. It is a medium-sized scheme of its category, launched on 01 Jan 2013, and is currently managed by fund managers Rohit Singhania and Charanjit Singh. It has an AUM of Rs 9,855.59 Crores and the latest NAV declared is Rs 80.664 as of 24 Feb 2022. The fund has an expense ratio of 0.87%, which is less than what most other ELSS funds charge. The fund has a 99.18% investment in Indian stocks.
The fund has given a 14.99% annualized return under the Direct Plan-Growth scheme in the last 1 year. Fund's annualized returns in 2- 3 and 5 years are average compared to its category average return in the same period. However, the fund has given 17.04% annualized returns since its inception. The minimum SIP amount to invest in this scheme is Rs 500.
SIP Returns
| Period Invested for | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 1.52% | 2.81% |
| 2 Year | 32.03% | 29.13% |
| 3 Year | 40.65% | 23.37% |
| 5 Year | 54.75% | 17.46% |
IDFC Tax Advantage (ELSS) - Direct Plan- Growth
This is a Tax Saver ELSS mutual fund scheme from IDFC Mutual Fund. It is a medium-sized fund of its category, launched on 01 January 2013, and is currently managed by Daylynn Gerard Paul Pinto. It has an AUM of Rs 3,582.68 Crores and the NAV is Rs 98.340 as of 24 Feb 2022. The fund has an expense ratio of 0.67%, which is less than what most other ELSS funds charge. The fund has a 98.01% investment in Indian stocks.
Fund's Direct Plan-Growth scheme in last 1 year offered 20.22% returns, whereas, in last 3 years, it has given is 27.74% annualized returns, which is higher than its category average in the same period. Since its inception, it has given 17.56% average annual returns, which is better than the category average annual returns of 14.87%. The min. SIP amount to invest in this scheme is Rs 500.
SIP Returns
| Period Invested for | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 3.76% | 6.98% |
| 2 Year | 42.42% | 38.00% |
| 3 Year | 51.07% | 28.61% |
| 5 Year | 60.71% | 19.01% |
Canara Robeco Equity Tax Saver - Direct Plan-Growth
This is a Tax Saver ELSS mutual fund scheme from Canara Robeco Mutual Fund. It is open-ended with an above-average returns grade mutual fund, launched on 02 January 2013, and is currently managed by Shridatta Bhandwaldar. It has an AUM of Rs 3,208.77 Crores and the NAV is Rs 115.82 as of 24 Feb 2022. The fund has an expense ratio of 0.93%, which is less than what most other ELSS funds charge and its category average expense ratio. The fund has a 96.61% investment in Indian stocks.
Fund's Direct Plan-Growth scheme in last 1 year offered 13.36% returns, whereas, in last 3 years, it has given is 22.85% annualized returns, which is higher than its category average in the same period. Since its inception, it has given 15.87% average annual returns, which is better than the category average annual returns. The min. SIP amount to invest in this scheme is Rs 500.
SIP Returns
| Period Invested for | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 2.53% | 4.67% |
| 2 Year | 32.00% | 29.10% |
| 3 Year | 44.74% | 25.46% |
| 5 Year | 65.17% | 20.13% |
Mirae Asset Tax Saver Fund - Direct Plan-Growth
This is a ELSS mutual fund scheme from Mirae Asset Mutual Fund. It is a open-ended medium-sized scheme of its category, launched on 01 Jan 2013, and is currently managed by Neelesh Surana. The fund has worth Rs 10,072 Crores of AUM, and the Rs 31.204 NAV as of 24 Feb 2022. The fund's fee ratio is 0.47%, which is less than its category average expense ratio. The fund has a 99.2% investment in Indian stocks.
The fund has given a 13% average return under the Direct Plan-Growth scheme in the last 1 year. Fund's annualized returns in 2, 3, and 5 years are better than its category average returns in the same investment period. In 3 years it offers 22.40% average returns. The fund has given 20.27% annualized returns since its inception. The minimum SIP amount to invest in this scheme is Rs 500.
SIP Returns
| Period Invested for | Absolute Returns | Annualised Returns |
|---|---|---|
| 1 Year | 0.88% | 1.63% |
| 2 Year | 32.78% | 29.78% |
| 3 Year | 43.97% | 25.06% |
| 5 Year | 64.13% | 19.87% |
Disclaimer
Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.
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