Mutual Fund calculation: ELSS Mutual Fund offers a tax benefit under Section 80C as well as an opportunity to grow wealth through equity investments. In the last 3, 5 and 10 years, several ELSS schemes have given good returns to investors.
Here’s a look at how the 5 top-performing ELSS Tax Saving Mutual Fund schemes have multiplied a lump sum investment of Rs 1 lakh in 3, 5 and 10 years.
Before reading further, please note this exercise is for informational purposes only. It is not intended to recommend any of the funds mentioned below for investment.
Top-performing ELSS schemes in 3 years
Quant Tax Plan
The direct plan of this ELSS scheme has given 35.99% annualised returns in 3 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 2.5 lakh in 3 years at 35.9% annualised returns.
Bandhan Tax Advantage (ELSS) Fund
The direct plan of this ELSS scheme has given 31.59% annualised returns in 3 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 2.27 lakh in 3 years at 31.5% annualised returns.
Franklin India Taxshield Fund
The direct plan of this ELSS scheme has given 28.92% annualised returns in 3 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 2.14 lakh in 3 years at 28.9% annualised returns.
HDFC Taxsaver Fund
The direct plan of this ELSS scheme has given 28.29% annualised returns in 3 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 2.1 lakh in 3 years at 28.2% annualised returns.
Nippon India Tax Saver (ELSS) Fund
The direct plan of this ELSS scheme has given 28.03% annualised returns in 3 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 2.09 lakh in 3 years at 28% annualised returns.
Also Read: SIP Calculator 10 years: 5 Small Cap Funds turn Rs 5,000/month into over Rs 25 lakh corpus!
Top-performing ELSS schemes in 5 years
Quant Tax Plan
The direct plan of this ELSS scheme has given 26.17% annualised returns in 5 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 3.18 lakh in 5 years at 26.1% annualised returns.
Bank of India Tax Advantage Fund
The direct plan of this ELSS scheme has given 19.06% annualised returns in 5 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 2.38 lakh in 5 years at 19% annualised returns.
Mirae Asset Tax Saver Fund
The direct plan of this ELSS scheme has given 18.27% annualised returns in 5 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 2.3 lakh in 5 years at 18.2% annualised returns.
Bandhan Tax Advantage (ELSS) Fund
The direct plan of this ELSS scheme has given 17.61% annualised returns in 5 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 2.24 lakh in 5 years at 17.6% annualised returns.
DSP Tax Saver Fund
The direct plan of this ELSS scheme has given 17.38% annualised returns in 5 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 2.2 lakh in 5 years at 17.3% annualised returns.
Top-performing ELSS schemes in 10 years
Quant Tax Plan
The direct plan of this ELSS scheme has given 25.37% annualised returns in 10 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 9.5 lakh in 10 years at 25.3% annualised returns.
Bandhan Tax Advantage (ELSS) Fund
The direct plan of this ELSS scheme has given 20.33% annualised returns in 10 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 6.3 lakh in 10 years at 20.33% annualised returns.
Bank of India Tax Advantage Fund
The direct plan of this ELSS scheme has given 19.42% annualised returns in 10 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 5.89 lakh in 10 years at 19.42% annualised returns.
DSP Tax Saver Fund
The direct plan of this ELSS scheme has given 19.50% annualised returns in 10 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 5.9 lakh in 10 years at 19.50% annualised returns.
JM Tax Gain Fund
The direct plan of this ELSS scheme has given 19.51% annualised returns in 10 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 5.9 lakh in 10 years at 19.51% annualised returns.
Kotak Tax Saver Fund
The direct plan of this ELSS scheme has given 19.27% annualised returns in 10 years, according to AMFI website data as of September 18, 2023. The Mutual Fund calculator shows that a lump sum investment of Rs 1 lakh in this scheme would have grown to approx. Rs 5.8 lakh in 10 years at 19.27% annualised returns.
Disclaimer: The above content is for informational purposes only. Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing.