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Top 10 ELSS mutual fund schemes in terms of returns in April

Updated : 2019-05-02 13:39:52

Equity Linked Saving Scheme (ELSS) is one of the most popular investment vehicles where you have dual benefits of saving tax and investing in equities. ELSS mutual funds have large exposure to equities and are tend to give higher returns in the long term. It is important to note here that long terms equity gains are taxable from April 2018. In April, Indian benchmark indices traded all-time highs on the back of continued foreign capital inflows and better liquidity. However, caution ahead of 2019 Lok Sabha elections and concerns of global economic slowdown capped gains lately. The BSE Sensex rose 0.93 percent in April, and NSE’s Nifty 50 posted 1.07 percent gains. Reflecting the markets, top five ELSS mutual funds in terms of gains gave returns in the rage of 0.7 percent to 1.5 percent. According to Value Research, Axis Long Term Equity Fund was the top fund in terms of returns in April, with a growth of 1.49 percent. Kotak Tax Saver Regular Plan, BNP Paribas Long Term Equity Fund and ICICI Prudential Long Term Equity Fund (Tax Saving) were other top funds listed by the mutual fund research firm. Here are the top 10 ELSS mutual fund schemes in terms of returns for April.

1) Axis Long Term Equity Fund:- 1 Month Return: 1.49 percent, Expense Ratio: 1.77 percent, Net Assets: Rs 18,852 crore
1) Axis Long Term Equity Fund:- 1 Month Return: 1.49 percent, Expense Ratio: 1.77 percent, Net Assets: Rs 18,852 crore
2) Kotak Tax Saver Regular Plan: 1 month return: 1.25 percent, Expense Ratio: 2.58 percent, Net Assets: Rs 888 crore
2) Kotak Tax Saver Regular Plan: 1 month return: 1.25 percent, Expense Ratio: 2.58 percent, Net Assets: Rs 888 crore
3) BNP Paribas Long Term Equity Fund: 1 month return: 0.99 percent, Expense ratio: 2.39 percent, Net Assets: Rs 467 crore
3) BNP Paribas Long Term Equity Fund: 1 month return: 0.99 percent, Expense ratio: 2.39 percent, Net Assets: Rs 467 crore
4) ICICI Prudential Long Term Equity Fund (Tax Saving): 1 month return: 0.77 percent, Expense Ratio: 2.01 percent, Net Assets: Rs 6,193 crore
4) ICICI Prudential Long Term Equity Fund (Tax Saving): 1 month return: 0.77 percent, Expense Ratio: 2.01 percent, Net Assets: Rs 6,193 crore
5) Union Tax Saver Fund: 1 month return: 0.74 percent, Expense ratio: 2.72 percent, Net Assets: Rs 248 crore
5) Union Tax Saver Fund: 1 month return: 0.74 percent, Expense ratio: 2.72 percent, Net Assets: Rs 248 crore
6) Mirae Asset Tax Saver Fund - Regular Plan: 1 month return: 0.72 percent, Expense ratio: 2.27 percent, Net Assets: Rs 1,839 crore
6) Mirae Asset Tax Saver Fund - Regular Plan: 1 month return: 0.72 percent, Expense ratio: 2.27 percent, Net Assets: Rs 1,839 crore
7) Reliance Tax Saver (ELSS) Fund: 1 month return: 0.44 percent, Expense Ratio: 2.25 percent, Net Assets: Rs 10,695 crore
7) Reliance Tax Saver (ELSS) Fund: 1 month return: 0.44 percent, Expense Ratio: 2.25 percent, Net Assets: Rs 10,695 crore
8) DSP Tax Saver Fund: 1 month return: 0.19 percent, Expense Ratio: 2.68 percent, Net Assets: Rs 5,413 crore
8) DSP Tax Saver Fund: 1 month return: 0.19 percent, Expense Ratio: 2.68 percent, Net Assets: Rs 5,413 crore
9) DHFL Pramerica Long Term Equity Fund - Regular Plan: 1 month return: 0.14 percent, Expense Ratio: 2.68 percent, Net Assets: Rs 328 crore
9) DHFL Pramerica Long Term Equity Fund - Regular Plan: 1 month return: 0.14 percent, Expense Ratio: 2.68 percent, Net Assets: Rs 328 crore
Shriram Long Term Equity Fund - Regular Plan: 1 month return: 0.03 percent, Expense Ratio: 2.55 percent, Net Assets: Rs 19 crore
Shriram Long Term Equity Fund - Regular Plan: 1 month return: 0.03 percent, Expense Ratio: 2.55 percent, Net Assets: Rs 19 crore
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