top elss mutual funds 2024 : Top 7 ELSS Mutual Funds in India: Equity Linked Saving Scheme (ELSS) is a type of equity mutual funds come mandatory lock-in period of three years. ELSS mutual funds give tax relaxation on deposits up to Rs 1.50 lakh a financial year under Section 80C of the Income Tax Act. 

Here’s the list of the top seven ELSS funds in the past five years, as per data available on AMFI:

Quant ELSS Tax Saver Fund

Quant ELSS Tax Saver Fund has given returns of 34.86 per cent in the last five years.

It has outpaced its benchmark, NIFTY 500 Total Return Index, which has gains of 18.65 per cent in the same period. 

The fund has assets under management (AUM) of Rs 10,034.07 crore and its net asset value (NAV) at present stands at Rs 431.9684.

Bank of India ELSS Tax Saver Fund

Bank of India ELSS Tax Saver Fund has given returns of 27.5 per cent in the last five years.

It has outpaced its benchmark, BSE 500 Total Return Index, which has gains of 18.85 per cent in the same period. 

The fund has AUM of Rs 1,367.94 crore and its NAV at present stands at Rs 189.98.

SBI Long Term Equity Fund

SBI Long Term Equity Fund has given returns of 23.82 per cent in the last five years.

It has outpaced its benchmark, BSE 500 Total Return Index, which has gains of 18.85 per cent in the same period. 

SBI Long Term Equity Fund has AUM of Rs 24,918.2 crore and its NAV at present stands at Rs 439.4787.

Motilal Oswal ELSS Tax Saver Fund

Motilal Oswal ELSS Tax Saver Fund has given returns of 23.06 per cent in the last five years.

It has outpaced its benchmark, NIFTY 500 Total Return Index, which has gains of 18.65 per cent in the same period.

The fund has AUM of Rs 3,543.14 crore and its NAV at present stands at Rs 52.0744.

JM ELSS Tax Saver Fund

JM ELSS Tax Saver Fund has given returns of 22.34 per cent in the last five years.

It has outpaced its benchmark, BSE 500 Total Return Index, which has gains of 18.85 per cent in the same period.  

The fund has AUM of Rs 150.12 crore and its NAV at present stands at Rs 52.0534.

Bandhan ELSS Tax Saver

Bandhan ELSS Tax Saver Fund has given returns of 21.96 per cent in the last five years.

It has outpaced its benchmark, BSE 500 Total Return Index, which has gains of 18.85 per cent in the same period.  

The fund has AUM of Rs 6,700.60 crore and its NAV at present stands at Rs 166.077.

DSP ELSS Tax Saver Fund

DSP ELSS Tax Saver Fund has given returns of 21.89 per cent in the last five years.

It has outpaced its benchmark, NIFTY 500 Total Return Index, which has gains of 18.65 per cent in the same period. 

The fund has AUM of Rs 15,745.35 crore and its NAV at present stands at Rs 139.157.

(Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Do your own research or consult your advisor before investing.)

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