These 5 ELSS mutual funds offered over 20% returns in 3 years

ELSS mutual funds are the only type of mutual funds that offer tax benefits along with higher returns. The top ELSS funds in India have provided over 20 per cent returns in the last three years.

Investments in ELSS mutual funds are eligible for deductions under Section 80C of the Income Tax Act, 1961.

Equity-linked Savings Scheme (ELSS) mutual funds are one of the most prominent choices for mutual fund investors due to the unique tax exemption benefit they offer. ELSS schemes are those categories of mutual funds which are directly associated with equity instruments. The mutual funds offering ELSS schemes invest at least 65 per cent of their portfolio in equity-linked securities.

If you are not willing to directly deal with stock trading due to high risk factors, ELSS could be a good alternative. It’s important to note that ELSS mutual funds come with a lock-in period of at least 3 years.

The top 5 ELSS mutual funds have offered over 20 per cent annualised return in the last three years. Let's take a look at the performance of 5 best ELSS mutual funds:

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Quant Tax Plan

The Quant Tax Plan allocates 96.78 per cent of its investment in equities with a breakdown of 50.67 per cent in Large Cap stocks, 16.51 per cent in Mid Cap stocks, and 10.62 per cent in Small Cap stocks. It has offered an impressive 3-year return of 22.9 per cent. The fund currently has an NAV of Rs 274.42. Its Assets Under Management (AUM) currently stands at Rs 4,925 crore.

SBI Long Term Equity Fund

The SBI Long Term Equity Fund invests 95.71 per cent of its funds in the equity market. Out of this investment, 58.31 per cent is in Large Cap stocks, 13.91 per cent is in Mid Cap stocks, and 11.39 per cent is invested in Small Cap stocks. This fund has given a 3-year return of 22.23 per cent. Currently, its NAV is Rs 292.16. The fund's AUM is Rs 15,587 crore.

Bandhan Tax Advantage (ELSS) Fund

The Bandhan Tax Advantage (ELSS) Fund allocates 95.89 per cent of its funds to equity instruments. Out of the total fund, 53.46 per cent of this investment is directed to Large Cap stocks, 9.75 per cent goes to Mid Cap stocks, and 23.08 per cent is allocated to Small Cap stocks. This fund has a given 21.05 per cent return in the last 3 years. Currently, its NAV is Rs 119.42. The fund's AUM is Rs 5,073 crore.

HDFC Taxsaver Fund

The HDFC Taxsaver Fund invests 95.64 per cent of its assets in the equity market with a breakdown of 67.45 per cent is in Large Cap stocks, 9.3 per cent in Mid Cap stocks, 6.23 per cent in Small Cap stocks. It has given a 3-year return of 21 per cent. The fund has an NAV of Rs 950.17 currently. The AUM of this fund stands at Rs 11,286 crore.

Motilal Oswal Long Term Equity Fund

The Motilal Oswal Long Term Equity Fund invests 99.80 per cent of its total corpus in equity stocks. Out of this investment, 28.97 per cent is in Large Cap stocks, 26.75 per cent is in Mid Cap stocks and 7.88 per cent is invested in Small Cap stocks. It has an NAV of Rs 32.80 currently. The fund's AUM stands at Rs 2,535 crore.

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