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Top 10 Best Performing ELSS


Explain ELSS Fund (Equity Fund)

ELSS fund is Equity Linked Savings Scheme. The scheme offers the dual benefit of tax saving and wealth creation. It offers investors a tax deduction (Individuals and HUF) for an investment of up to Rs 1.5 lac which is allowed under Sec 80 C of Income-tax Act 1961 (subject to a lock-in period of 3 years). Lock-in period lower than other investment options like PPF, NSC or Tax Saving Bank FD’s.

The Scheme aims to maintain a well-diversified equity portfolio comprising stocks across various sectors of the economy. This shall help in managing concentration risk and sector-specific risks.

Equity funds are high risk and high gain funds invest in shares of companies. Usually, Equity funds produce a higher return than debt funds and fixed deposits.

Asset Allocation

  • Equity – 80 to 100% on the high-risk levels.
  • Debt Securities – 0-20% on low to medium risk profile.
  • REITs and InvITs – 0 to 10% - medium to high risk.
  • Non-convertible preference shares – 0 -10% on low to medium risk.
  • In practical, funds are mainly invested in ELSS cap securities, very small % of the fund can be invested in other given options.

Benefits of ELSS Mutual Funds

  • Moderate-High Risk – As funds are mainly invested in equity scripts, it’s completely depending on market and economic scenario. ELSS funds are considered under Moderate-High Risk
  • Return – ELSS fund is exposed to equity so capital upside is possible in the long term. The average return is 12+% in a 1-year time horizon.
  • Long Team Investment Horizon - ELSS funds are equity funds in nature and for long term investment, so you should plan for your long term goal.
  • Tax – ELSS funds are Equity Funds. So the short term capital gain (STCG), if invested for up to one year window is 15%, for long term till Rs 1 lakh is tax-free after that 10% long-term capital gains (LTCG) is applicable.

Consideration of ELSS Fund Mutual Funds

  • Equity funds are considered high risk and high return, but due to high-risk factors, your personal goals can be affected if invested for a short team.
  • Need to pay exit load charges if redeemed/switched-out within 1 year from the date of allotment.

Why invest in ELSS Fund?

ELSS fund is tax saving instruments as well as wealth creation over long term. Due to the even distribution of your funds under diversified sectors, it diversifies your risk across sectors.

Who can invest in ELSS Cap Fund?

ELSS Cap Funds are for long term investment as well as for tax saving. You can get a tax benefit in 80-C, so you must invest some amount of your savings.

In this section, we have defined “Top 10 best performing ELSS Cap Funds in the last one month” in India. The calculation is done clearly between current NAV and 30 days prior NAV. This is not an average return.

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Disclaimer: We personally suggest you to start SIP, so you can average your NAV. The above list is not a recommendation of funds, nor does it claim to the only correct way to rank funds. Please check the complete risk document of Mutual Funds and their current exposure to market before doing your investment.

Last updated on 10-Sep-21


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