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

Quant Tax

Crisil has ranked Quant Tax Plan as number “1” for December 2020. The fund was started in January 2013 and the fund size is Rs 66 Crore. The Value Research Online has given a Five-star rating for the fund. The Net Asset Value of the fund as of 15 March is Rs 164.02. There is no exit load on the fund. The portfolio comprises Bharti Airtel, Fortis Healthcare, Sun Pharma, and ITC among others.

While through the SIP route, taking 3-years into account, the scheme has offered an annualized return of 21.73% with an investment worth Rs. 1000 per month for 3 years. The return would be Rs 48,654 per annum. The one year return of the fund is 103.46%

Canara Robeco Equity Tax Saver

Crisil has ranked Canara Robeco Equity Tax Saver as number “1” for December 2020. The fund was started in January 2013 and the fund size is Rs 1,724 Crore. The Value Research Online has given a Five-star rating for the fund. The Net Asset Value of the fund as of 15 March is Rs 101.67. The expense ratio on the fund is 1.08%. The portfolio comprises Infosys, ICICI Bank, HDFC Bank, and Axis Bank among others.

Taking 3-years into account, the scheme has offered a SIP return of 19.20%. The one-year return of the fund is 55.44%.

Mirae Asset Tax Saver Fund

Crisil has ranked Mirae Asset Tax Saver Fund as number “2” for December 2020. The fund was started in December 2015 and the fund size is Rs 6,351 Crore. The Value Research Online has given a Five-star rating for the fund. The Net Asset Value of the fund as of 15 March is Rs 27.81. The expense ratio on the fund is 0.28%. The portfolio comprises HDFC Bank, Infosys, ICICI Bank, and 4 Axis Bank among others.

With a 3-year investment period, the scheme has provided an annualized return of 18.80%. The fund’s one-year return is 64.52%.

Axis Long Term Equity Fund

Crisil has ranked Axis Long Term Equity Fund “2” for December 2020. The fund was started in January 2013 and the fund size is Rs 27,216 Crore. The Value Research Online has given a Four-star rating for the fund. The expense ratio on the fund is 0.72%. The portfolio comprises Bajaj Finance, TCS, HDFC Bank, and Avenue Supermarkets among others. The NAV of the fund is Rs 67.98.

With a 3-year investment period, the scheme has provided an annualized return of 16.29%. The fund’s one-year return is 39.62%.

Kotak Tax Saver Scheme

Crisil has ranked Kotak Tax Saver Scheme “2” for December 2020. The fund was started in January 2013 and the fund size is Rs 1,679 Crore. The Value Research Online has given a Four-star rating for the fund. The Net Asset Value of the fund as of 15 March is Rs 65.84. The expense ratio on the fund is 0.85%. The portfolio comprises Infosys, TCS, ICICI Bank, Reliance Industries, and Hindustan Unilever among others. The NAV of the fund is Rs 65.84.

With a 3-year investment period, the scheme has provided an annualized return of 14.95%. The fund’s one-year return is 48.83%.

Invesco India Tax Plan

Crisil has ranked Invesco India Tax Plan “3” for December 2020. The fund was started in January 2013 and the fund size is Rs 1,461 Crore. The Value Research Online has given a Four-star rating for the fund. The Net Asset Value of the fund as of 15 March is Rs 77.34. The expense ratio on the fund is 0.90%.

JM Tax Gain Dir

Crisil has ranked JM Tax Gain Dir “3” for December 2020. The fund was started in January 2013 and the fund size is Rs 52 Crore. The Value Research Online has given a Four-star rating for the fund. The Net Asset Value of the fund as of 15 March is Rs 25.78. The expense ratio on the fund is 2.02%.

DSP Tax Saver Fund

Crisil has ranked DSP Tax Saver Fund “3” for December 2020. The fund was started in January 2013 and the fund size is Rs 7,883 Crore. The Value Research Online has given a Four-star rating for the fund. The Net Asset Value of the fund as of 15 March is Rs 70.37 The expense ratio on the fund is 0.85%.

Conclusion

Gains on ELSS are tax-free up to Rs 1 lakh, and dividends are tax-free in the hands of owners. Even when returns are taxed, ELSS outperforms other Section 80C investment options such as Public Provident Funds (PPFs) and ULIPS, with higher post-tax returns. ELSS is ideally suited for young investors to fully utilize the power of compounding and reap high returns while saving taxes. You can redeem your mutual fund investments in two ways. One choice is to take a one-time lump sum withdrawal. Two, launch a systematic withdrawal plan, also known as an SWP. It is the method of removing a predetermined volume at regular intervals.