Mutual Fund calculator: 5 ELSS Funds doubled Rs 1.5 lakh in 3 years

Photos: Pexels/Pixabay Photos: Pexels/Pixabay Aug 23, 2023 Rajeev Kumar

ELSS funds allow investors to claim Section 80C deduction for up to Rs 1.5 lakh per year. This amount can double in 3 years if the fund gives 26% annualised returns.

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Data shows that direct plans of as many as 5 ELSS funds have given 26% or more annualised returns* in three years. Let's have a look at these funds.

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Before reading further, please note this exercise is for informational purposes only. It is not intended to recommend any of the funds mentioned in this story for investment.

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Quant Tax Plan: The direct plan of this tax-saving scheme has given 35.48% annualised returns in 3 years.

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Bandhan Tax Advantage (ELSS) Fund: The direct plan of this tax-saving scheme has given 31.05% annualised returns in 3 years.

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Franklin India Taxshield Fund: The direct plan of this tax-saving scheme has given 26.64% annualised returns in 3 years.

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Mahindra Manulife ELSS Fund: The direct plan of this tax-saving scheme has given 26.59% annualised returns in 3 years.

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Nippon India Tax Saver (ELSS) Fund: The direct plan of this tax-saving scheme has given 26.10% annualised returns in 3 years.

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Disclaimer: Mutual Fund investments are subject to market risks. Please consult your financial advisor before investing in any scheme.

[{"selector":"#anim-d3ac2e23-ef15-4388-a453-14bfb739bf77 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.874999829338588%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] Next: 7 Top Mid Cap Funds With Over 32% SIP Returns in 3 Years Next: 7 Top Mid Cap Funds With Over 32% SIP Returns in 3 Years See Next