ELSS isn't all about tax savings, these 10 funds help grow your wealth too

ELSS or Equity-Linked Savings Schemes do not just help you save taxes, they also help you grow your wealth. ELSS offers Section 80C tax deduction benefits up to an investment of Rs 1.5 lakh, under the old tax regime. In return, your money is locked up for three years. There's an interesting fact. A Moneycontrol research shows that ELSS proves just as handy in wealth creation as diversified equity fund over the long run. An analysis of 7-year returns over the last 13 years shows that the ELSS schemes gave an annual return of 13.4%, while the Nifty 50 – TRI gave 12.8%. Here, we have compiled a list of top ELSS based on the 7-year rolling returns calculated from the last 13-year period. Only schemes with at least 13 years’ track record were considered.

Quant ELSS Tax Saver Fund
Average 7-year rolling return (CAGR): 19.1%
Latest corpus: Rs 9,860 crore

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Axis ELSS Tax Saver Fund
Average 7-year rolling return (CAGR): 15.8%
Latest corpus: Rs 34,896 crore

DSP ELSS Tax Saver Fund
Average 7-year rolling return (CAGR): 15.5%
Latest corpus: Rs 15,161 crore

Bandhan ELSS Tax Saver Fund
Average 7-year rolling return (CAGR): 15.3%
Latest corpus: Rs 6,434 crore

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Bank of India ELSS Tax Saver
Average 7-year rolling return (CAGR): 15.2%
Latest corpus: Rs 1,327 crore

Invesco India ELSS Tax Saver Fund
Average 7-year rolling return (CAGR): 14.7%
Latest corpus: Rs 2,639 crore

Tata ELSS Tax Saver Fund
Average 7-year rolling return (CAGR): 14.5%
Latest corpus: Rs 4,200 crore

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Sundaram ELSS Tax Saver Fund
Average 7-year rolling return (CAGR): 14.4%
Latest corpus: Rs 1,280 crore

Canara Robeco ELSS Tax Saver
Average 7-year rolling return (CAGR): 14.2%
Latest corpus: Rs 7,926 crore

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Kotak ELSS Tax Saver Fund
Average 7-year rolling return (CAGR): 14.2%
Latest corpus: Rs 5,769 crore

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