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ELSS Mutual Funds: Here are top 10 schemes in terms of 1-year returns

Updated : 2019-07-10 10:52:57

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 June, Indian benchmark indices BSE Sensex and NSE’s Nifty 50 fell 0.8 percent and 1.12 percent, respectively. According to Value Research data, Kotak Tax Saver Regular Plan and Mirae Asset Tax Saver Fund - Regular Plan are among the top five ELSS funds that gave over 10 percent return in one year. Here is a list of top mutual funds in term of one-year returns.

Kotak Tax Saver Regular Plan | Expense Ratio: 2.55 percent | 1-year Return: 12.24 percent | Net Assets: Rs 935 crore
Kotak Tax Saver Regular Plan | Expense Ratio: 2.55 percent | 1-year Return: 12.24 percent | Net Assets: Rs 935 crore
Mirae Asset Tax Saver Fund - Regular Plan | Expense Ratio: 2.20 percent | 1-year Return: 12.07 percent | Net Assets: Rs 2,112 crore
Mirae Asset Tax Saver Fund - Regular Plan | Expense Ratio: 2.20 percent | 1-year Return: 12.07 percent | Net Assets: Rs 2,112 crore
Canara Robeco Equity Tax Saver Fund - Regular Plan | Expense Ratio: 2.32 percent | 1-year Return: 11.97 percent | Net Assets: Rs 979 crore
Canara Robeco Equity Tax Saver Fund - Regular Plan | Expense Ratio: 2.32 percent | 1-year Return: 11.97 percent | Net Assets: Rs 979 crore
Tata India Tax Savings Fund | Expense Ratio: 2.13 percent | 1-year Return: 11.87 percent | Net Assets: Rs 1,873 crore
Tata India Tax Savings Fund | Expense Ratio: 2.13 percent | 1-year Return: 11.87 percent | Net Assets: Rs 1,873 crore
DSP Tax Saver Fund | Expense Ratio: 1.87 percent | 1-year Return: 10.62 percent | Net Assets: Rs 5,643 crore
DSP Tax Saver Fund | Expense Ratio: 1.87 percent | 1-year Return: 10.62 percent | Net Assets: Rs 5,643 crore
ICICI Prudential Long Term Equity Fund (Tax Saving) | Expense Ratio: 2.16 percent | 1-year Return: 8.19 percent | Net Assets: Rs 6,425 crore
ICICI Prudential Long Term Equity Fund (Tax Saving) | Expense Ratio: 2.16 percent | 1-year Return: 8.19 percent | Net Assets: Rs 6,425 crore
Quant Tax Plan | Expense Ratio: 2.48 percent | 1-year Return: 7.64 percent | Net Assets: Rs 10 crore
Quant Tax Plan | Expense Ratio: 2.48 percent | 1-year Return: 7.64 percent | Net Assets: Rs 10 crore
HDFC Taxsaver Fund | Expense Ratio: 1.98 percent | 1-year Return: 7.53 percent | Net Assets: Rs 7,514 crore
HDFC Taxsaver Fund | Expense Ratio: 1.98 percent | 1-year Return: 7.53 percent | Net Assets: Rs 7,514 crore
SBI Magnum Taxgain Scheme | Expense Ratio: 1.94 percent | 1-year Return: 7.38 percent | Net Assets: Rs 7,171 crore
SBI Magnum Taxgain Scheme | Expense Ratio: 1.94 percent | 1-year Return: 7.38 percent | Net Assets: Rs 7,171 crore
BNP Paribas Long Term Equity Fund | Expense Ratio: 2.43 percent | 1-year Return: 7.30 percent | Net Assets: Rs 477 crore
BNP Paribas Long Term Equity Fund | Expense Ratio: 2.43 percent | 1-year Return: 7.30 percent | Net Assets: Rs 477 crore
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