Top 12 ELSS Funds To Look For

Equity-Linked Savings Schemes (ELSS) are not just for tax savings. Data shows that ELSS have delivered better returns like any other equity funds over the long run too, say 7-10 years. Performance as measured by 10-year rolling returns that calculated from the last 15 years’ NAV history shows that the ELSS category delivered a compounded annualised return of 13.6% while the Nifty 500 – TRI clocked 12.8%. Two of these schemes are in MC30; a curated basket of 30 best mutual fund (MF) schemes. Below are the top ELSS schemes that delivered better long term return over the last 15 years. Note: These are not Moneycontrol recommendations as they are based simply on past returns. For Moneycontrol’s top ELSS picks, refer to MC30.

Axis ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 16.9%
Latest corpus: Rs 33,562 crore

DSP ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 15.6%
Latest corpus: Rs 13,846 crore

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Quant ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 15.6%
Latest corpus: Rs 7,238 crore

Bandhan ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 15.3%
Latest corpus: Rs 5,976 crore

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Invesco India ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 15.2%
Latest corpus: Rs2,517 crore

Tata ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 14.7%
Latest corpus: Rs 3,987 crore

ICICI Pru ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 14.4%
Latest corpus: Rs 12,586 crore

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Sundaram ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 14.3%
Latest corpus: Rs 1,187 crore

Canara Robeco ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 14.2%
Latest corpus: Rs 7,155 crore

Bank of India ELSS Tax Saver
Average 10-year rolling return (CAGR): 14.2%
Latest corpus: Rs 1,090 crore

Franklin India ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 13.9%
Latest corpus: Rs 6,033 crore

Kotak ELSS Tax Saver Fund
Average 10-year rolling return (CAGR): 13.6%
Latest corpus: Rs 4,797 crore

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