Top 5 ELSS SIP Mutual Funds: When we invest for the short term to fulfil our short-term goal, our aim is to get high returns from the invested money. When we invest for the long term we look for investments that can also provide us with tax benefits on deposits. Equity Linked Savings Scheme (ELSS) is one such category of equity mutual funds, where you get returns on your investments and tax benefits under Section 80C of the Income Tax Act, 1961.
ELSS is different from many other mutual funds as there is a lock-in period of three years.
The category has given a 39.62 per cent return in the one year, 19.11 per cent return in the three years, and 18.92 per cent return in the three-year period (As per Value Research data).
Though investors seeking tax benefits prefer investing in ELSS, the funds in the category have provided high returns in the three-year period.
Here is a list of the top 5 ELSS mutual funds that have given the best SIP returns (XIRR) in the last three years.
Also know what Rs 5,000, Rs 10,000, and Rs 15,000 SIPs in each fund have given in the same time frame.
SBI Long Term Equity Fund – Direct Plan
The fund tops the category with annualised SIP returns (XIRR) of 37.45 per cent in the three-year period.
It has assets under management (AUM) of Rs 23,888 crore, while its net asset value (NAV) is Rs 445.6809.
It has an expense ratio of 0.94 per cent. The minimum lump sum and SIP investment in the fund are Rs 500 each.
Benchmarked against BSE 500 TRI, the fund has a total of 62 stocks in its portfolio.
The main stocks in its portfolio are Ge T&D India, HDFC Bank, Torrent Power, and Mahindra and Mahindra.
A Rs 5,000 monthly SIP in the fund in the three years, or a total of Rs 1,80,000 investment, has given a total amount of Rs 3,04,998.
Over the course of three years, a monthly SIP of Rs 10,000, equivalent to a total investment of Rs 3,60,000, has yielded a total amount of Rs 6,09,996.
A Rs 15,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 9,14,994.
Quant ELSS Tax Saver Fund – Direct Plan
The fund in the No. 2 position has given SIP returns of 35.05 per cent in the three-year period.
It has an AUM of Rs 9,860 crore, while its NAV is worth Rs 435.4282.
Benchmarked against NIFTY 500 TRI, the fund has an expense ratio of 0.77 per cent.
The minimum lump sum and SIP investments are Rs 500 each.
The fund has 40 stocks in its portfolio with Reliance Industries Limited (RIL), HDFC Bank, Adani Power, Jio Financial, and Aurobindo Pharma as its main stocks.
A Rs 5,000 monthly SIP in the fund in the three years, or a total of Rs 1,80,000 investment, has given a total of Rs 2,95,638.
A Rs 10,000 monthly SIP in the three years, or a total investment of Rs 3,60,000, has given a total amount of Rs 5,91,276.
A Rs 20,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 8,86,914.
Motilal Oswal ELSS Tax Saver Fund – Direct Plan
The fund has given 36.10 per cent annualised SIP returns in the three years.
Its AUM is worth Rs 3,436 crore, while its NAV price is Rs 52.9395.
Benchmarked against NIFTY 500 TRI, the fund has an expense ratio of 0.68 per cent.
One can have a minimum lump sum and SIP investment of Rs 500 each. It has 30 stocks in its portfolio with Zomato, Trent, Prestige Estates, Bharat Dynamics, and Jio Financial as the leading ones.
A Rs 5,000 monthly SIP in the fund in the three years, or a total of Rs 1,80,000 investment, has given a total amount of Rs 2,99,692.
A Rs 10,000 monthly SIP in the three years, or a total investment of Rs 3,60,000, has given a total amount of Rs 5,99,383.
A Rs 20,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 8,99,075.
ITI ELSS Tax Saver Fund – Direct Plan
The fund has given annualised SIP returns of 34.47 per cent in the three-year period.
The AUM of the fund is Rs 338 crore, while the NAV rate is Rs 26.2644.
Benchmarked against NIFTY 500 TRI, the fund has an expense ratio of 0.48 per cent.
The minimum lump sum and SIP investment in the fund are Rs 500 each.
The fund has 55 stocks in its portfolio with Bharti Airtel, SBI, Zomato, Indigo, Larsen & Toubro, and Trent as its leading stocks.
A Rs 5,000 monthly SIP in the fund in the three years, or a total of Rs 1,80,000 investment, has given a total amount of Rs 2,93,421.
A Rs 10,000 monthly SIP in the three years, or a total investment of Rs 3,60,000, has given a total amount of Rs 5,86,842.
A Rs 20,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 8,80,263.
Bank of India ELSS Tax Saver Fund – Direct Plan
The fund has given 33.90 per cent annualised SIP returns in the three years.
It has an AUM of Rs 1,327 crore, while its NAV size is Rs 193.7700.
Benchmarked against BSE 500 TRI, the fund has an expense ratio of 0.99 per cent.
The minimum SIP and lump sum investment in the fund is Rs 500 each.
It has 62 stocks under its portfolio with SBI, Vedanta, Hindustan Aero, Oil India, Canara Bank, and NTPC as its main stocks.
A Rs 5,000 monthly SIP in the fund in the three years, or a total of Rs 1,80,000 investment, has given a total of Rs 2,91,227.
A Rs 10,000 monthly SIP in the three years, or a total investment of Rs 3,60,000, has given a total amount of Rs 5,82,455.
A Rs 20,000 monthly SIP in the fund in the three-year period, or a total of Rs 5,40,000 investment, has given a total amount of Rs 8,73,682.
