ELSS (equity linked saving scheme) mutual funds are something which usually excites anyone who is willing to save income tax by investing in stock markets. ELSS mutual fund generally gives higher returns as compared to the traditional schemes as they primarily invest in equity markets. Investing in ELSS allows you to save income tax under section 80C along with a capital appreciation of your money. Investors attention towards mutual fund schemes have been invariably increasing since last year.
The reason being the extended bull run in Indian equities and the religious campaigning by AMFI (Association of Mutual Funds in India). ELSS have a lock-in period of 3 years to avail tax benefits and one can invest an amount of as low as Rs 1,000. With ELSS mutual fund in focus, we take a look at top 5 ELSS mutual funds which have returned up to 38% in last one year.
This scheme had returned about 38% in the last one year and has net assets to the tune of Rs 141.86 crore.
This scheme had returned about 36% in the last one year and has net assets to the tune of Rs 1,012.2 crore.
This scheme had returned about 30% in the previous 12-month period and has net assets to the tune of Rs 397.9 crore.
This scheme had returned 30% in the last one year term and has net assets of Rs 856.62 crore.
This scheme had returned about 29% over the course of the last one year and has net assets of Rs 4,949.08 crore.
The Association of Mutual Funds in India (AMFI) had launched several media campaigns in India in the beginning of 2017. All of the campaigns are designed in such a manner that they should educate and promote mutual fund among the people who are willing invest. Mutual fund investments are generally considered less risky than direct stock investment, reason being — periodic rebalancing, professional management by fund experts.