Top 5 Tax Saving ELSS MFs with Highest SIP Returns in 5 Years: Rs 20,000 monthly investment has grown to Rs 21.83 lakh

As the name suggests, ELSS (Equity Linked Savings Scheme) mainly invests in equity. Most ELSS funds invest in a diversified manner, ranging from small cap to large cap and across various sectors. One can invest in ELSS schemes to avail of tax benefits. While there is no upper limit on the amount that can be invested, the Income Tax Act under Section 80C allows for a tax deduction of up to Rs 1.5 lakh annually. Here, we will explore some of the top tax-saving ELSS funds. Rs 20,000 monthly investment in No. 1 fund has grown to Rs 21.83 lakh in 5 years.

 SBI Long Term Equity Fund

In 5 years, SBI Long Term Equity Fund has given 24.20 per cent annualised SIP returns. Its assets under management (AUM) are Rs 27,730 crore, while its net asset value (NAV) is Rs 448.65. Benchmarked against BSE 500 TRI, the fund has given annualised returns of 16.52 per cent since its launch in January 2013. 

With an expense ratio of 0.95 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly SIP investment of Rs 20,000 in 5 years, the fund has given a total of Rs 21,83,000.

HDFC ELSS Tax Saver Fund

In 5 years, HDFC ELSS Tax Saver Fund has given 23.87 per cent annualised SIP returns. Its assets under management (AUM) are Rs 15,556 crore, while its net asset value (NAV) is Rs 1,460.07. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 15.49 per cent since its launch in January 2013. 

With an expense ratio of 1.11 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly investment of Rs 20,000 in 5 years, the fund has given a total of Rs 21,66,000. 

Motilal Oswal ELSS Tax Saver Fund

Motilal Oswal ELSS Fund has given 22.20 per cent annualised SIP returns in 5 years. Its assets under management (AUM) are Rs 3,817 crore, while its net asset value (NAV) is Rs 52.12. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 17.28 per cent since its launch in December 2014. 

With an expense ratio of 0.7 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly investment of Rs 20,000 in 5 years, the fund has given a total of Rs 20,81,000.

DSP ELSS Tax Saver Fund

DSP ELSS Tax Saver Fund has given 21.65 per cent annualised SIP returns in 5 years. Its assets under management (AUM) are Rs 16,218 crore, while its net asset value (NAV) is Rs 148.67. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 18.01 per cent since its launch in January 2013. 

With an expense ratio of 0.75 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly SIP investment of Rs 20,000 in 5 years, the fund has given a total of Rs 20,53,000.

Quant ELSS Tax Saver Fund

Quant ELSS Tax Saver Fund has given 21.58 per cent annualised SIP returns in 5 years. Its assets under management (AUM) are Rs 10,405 crore, while its net asset value (NAV) is Rs 381.89. Benchmarked against NIFTY 500 TRI, the fund has given annualised returns of 20.28 per cent since its launch in January 2013. 

With an expense ratio of 0.5 per cent, the fund has Rs 500 as the minimum SIP investment and Rs 1,000 as the minimum lump sum investment. With a monthly SIP investment of Rs 20,000 in 5 years, the fund has given a total of Rs 20,50,000.

DISCLAIMER: Not financial advice; invest at your own risk