Top Performed ELSS Fund in 10 Years

The below table shows a list Of the Top Performed ELSS funds in 10 Years based on AUM, NAV, and minimum SIP.

What Is ELSS Fund?

ELSS (Equity Linked Savings Scheme) Fund is a type of mutual fund that invests primarily in equity and equity-related securities. It offers tax benefits under Section 80C of the Income Tax Act, allowing investors to claim deductions up to ₹1.5 lakh per financial year on their investments.

ELSS funds have a mandatory lock-in period of three years, the shortest among tax-saving instruments. This lock-in period helps in long-term wealth creation while providing tax benefits to investors.

These funds aim to generate capital appreciation by investing in a diversified portfolio of stocks across various market capitalizations. ELSS funds are suitable for investors looking for tax savings along with the potential for high returns through equity investments.

Best Top Performed ELSS Fund in 10 Years

The table below shows the Best Top Performed ELSS Fund in 10 Years based on the lowest to highest expense ratio.

List Of Top Performed ELSS Funds in 10 Years

The table below shows a List Of Top Performed ELSS funds in 10 Years based on the Highest 3Y CAGR.

Top Performed ELSS Fund in 10 Years

The table below shows the Top Performed ELSS Fund in 10 Years based on exit load, i.e., the fee that the AMC charges investors when they exit or redeem their fund units.

Who Should Invest In Top Performed ELSS Fund in 10 Years?

Top Performed ELSS Funds in 10 Years are suitable for investors looking for tax-saving options along with the potential for high returns through equity investments. These funds are ideal for individuals in higher tax brackets who want to reduce their tax liability while building long-term wealth.

Young professionals and salaried individuals can benefit from ELSS funds as they offer dual advantages of tax savings and wealth creation. The three-year lock-in period encourages disciplined investing and helps in riding out short-term market volatility.

However, investors should have a high risk tolerance and a long-term investment horizon beyond the mandatory lock-in period. It’s important to align the investment with personal financial goals and overall portfolio strategy.

How To Invest In Top Performed ELSS Fund in 10 Years?

To invest in the Top Performed ELSS Fund in 10 Years, start by researching funds with consistent long-term performance. Compare their expense ratios, returns, and portfolio composition. Open an account with a reliable broker like Alice Blue to access these funds.

Choose between lump sum investments or Systematic Investment Plans (SIPs). SIPs allow for regular, smaller investments and can help average out market volatility over time. They also provide the benefit of rupee cost averaging.

Consider factors like fund size, investment strategy, and the fund manager’s track record. Review the fund’s portfolio to ensure it aligns with your risk tolerance. Remember the three-year lock-in period when planning your investment timeline.

Explain Performance Metrics Of Best Performed ELSS Fund in 10 Years.

Performance metrics for Best Performed ELSS Funds in 10 Years typically include total returns, risk-adjusted returns, and consistency of performance. Total returns consider the capital appreciation of the fund over the decade, providing a comprehensive view of the fund’s growth.

Risk-adjusted returns, measured by ratios like the Sharpe ratio or Sortino ratio, help assess the fund’s performance in relation to the risk taken. This is particularly important for ELSS funds as they invest in equity markets.

Other key metrics include the fund’s performance relative to its benchmark index and peer group. Consistency in outperforming the benchmark over various market cycles is a strong indicator of the fund’s management quality.

Explain the Benefits Of Investing In Top Performed ELSS Fund in 10 Years.

The main benefits of investing in the Top Performed ELSS Fund in 10 Years include tax savings, the potential for high returns, compounded growth, diversification, and professional management. These factors make them attractive for investors seeking tax-efficient equity investments.

• Tax Savings: ELSS funds offer tax deductions under Section 80C, allowing investors to reduce their taxable income by up to ₹1.5 lakh per year. This immediate tax benefit enhances overall returns.

• High Return Potential: As equity-oriented funds, ELSS has the potential to generate higher returns compared to traditional tax-saving instruments, especially over long investment horizons.

• Compounded Growth: The mandatory three-year lock-in period encourages long-term investing, allowing for the power of compounding to maximize returns over time.

• Diversification: ELSS funds typically invest across various sectors and market capitalizations, providing a diversified equity portfolio within a single investment.

• Professional Management: These funds are managed by experienced fund managers who make informed investment decisions based on market research and analysis.

Explain the Challenges Of Investing In Best Performed ELSS Fund in 10 Years.

The main challenges of investing in the Best Performed ELSS Fund in 10 Years include market volatility, lock-in period constraints, performance consistency, sector concentration, and potential for higher taxes on gains. These factors require careful consideration when investing.

• Market Volatility: As equity investments, ELSS funds are subject to market fluctuations. Short-term volatility can be significant, which may be concerning for risk-averse investors.

• Lock-in Period: The mandatory three-year lock-in can be a drawback for investors needing liquidity. Funds cannot be redeemed before this period, even in financial emergencies.

• Performance Consistency: Past performance doesn’t guarantee future results. Even top-performing funds may struggle to maintain their performance over extended periods.

• Sector Concentration: Some ELSS funds may have higher exposure to certain sectors, which can increase risk if those sectors underperform.

• Tax on Gains: While investments offer tax deductions, gains from ELSS funds are taxable. Long-term capital gains exceeding ₹1 lakh per year are taxed at 10%, which can impact overall returns.

Introduction to Top Performed ELSS Fund in 10 Years

DSP ELSS Tax Saver Direct Plan-Growth

DSP ELSS Tax Saver Direct Plan-Growth is an Equity Linked Savings Scheme (ELSS) offered by DSP Mutual Fund. This tax-saving investment option has been available for 11 years and 7 months, having begun on January 1, 2013.

The DSP ELSS Tax Saver Fund, categorized as an Equity Linked Savings Scheme (ELSS), manages assets worth ₹16,283.78 crores. It has achieved a 5-year CAGR of 24.91% and charges no exit load. The fund’s expense ratio is 0.71%, and SEBI classifies it as Very High risk. Its current asset allocation is Equity: 97.64%, Cash & Equivalents: 2.16%, and Rights: 0.19%.

Quant ELSS Tax Saver Fund Direct-Growth

Quant ELSS Tax Saver Fund Direct-Growth is an Equity Linked Savings Scheme (ELSS) provided by Quant Mutual Fund. This tax-saving fund has been in the market for 11 years and 7 months, launched on January 1, 2013.

The Quant ELSS Tax Saver Fund falls under the Equity Linked Savings Scheme (ELSS) category and manages assets totalling ₹10,527.57 crores. It boasts a 5-year CAGR of 36.88% and has no exit load. The fund’s expense ratio is 0.77%, and SEBI rates its risk as Very High. The current asset allocation stands at Equity: 96.54%, Cash & Equivalents: 3.40%, and Rights: 0.06%.

Bandhan ELSS Tax Saver Fund Direct Plan-Growth

Bandhan ELSS Tax Saver Fund Direct Plan-Growth is an Equity Linked Savings Scheme (ELSS) offered by Bandhan Mutual Fund. This tax-saving investment vehicle has been operational for 11 years and 7 months, having commenced on January 1, 2013.

The Bandhan ELSS Tax Saver Fund is categorized as an Equity Linked Savings Scheme (ELSS) with ₹6,433.56 crores in assets under management. It has delivered a 5-year CAGR of 25.2% and imposes no exit load. The fund’s expense ratio is 0.63%, and SEBI classifies its risk level as Very High. The fund’s current asset allocation is Equity: 97.48%, Cash & Equivalents: 2.50%, and Rights: 0.02%.

Franklin India ELSS Tax Saver Fund Direct-Growth

Franklin India ELSS Tax Saver Fund Direct-Growth is an Equity Linked Savings Scheme (ELSS) from Franklin Templeton Mutual Fund. This tax-saving option has been available for 11 years and 7 months, having started on January 1, 2013.

The Franklin India ELSS Tax Saver Fund belongs to the Equity Linked Savings Scheme (ELSS) category and manages assets worth ₹6,397.51 crores. It has achieved a 5-year CAGR of 22.52% and charges no exit load. The fund’s expense ratio is 0.99%, and SEBI rates its risk as Very High. Its current asset allocation is Equity: 94.57%, Cash & Equivalents: 3.81%, and Rights: 1.61%.

Kotak ELSS Tax Saver Fund Direct-Growth

Kotak ELSS Tax Saver Fund Direct-Growth is an Equity Linked Savings Scheme (ELSS) offered by Kotak Mahindra Mutual Fund. This tax-saving investment product has been in existence for 11 years and 7 months, launched on January 1, 2013.

The Kotak ELSS Tax Saver Fund falls under the Equity Linked Savings Scheme (ELSS) category and manages assets totalling ₹5,768.54 crores. It has delivered a 5-year CAGR of 23.7% and imposes no exit load. The fund’s expense ratio is 0.58%, and SEBI categorizes it as Very High risk. The current asset allocation stands at Equity: 99.23%, Cash & Equivalents: 0.71%, and Rights: 0.06%.

Invesco India ELSS Tax Saver Fund Direct-Growth

Invesco India ELSS Tax Saver Fund Direct-Growth is an Equity Linked Savings Scheme (ELSS) provided by Invesco Mutual Fund. This tax-saving investment option has been available for 11 years and 7 months, having begun on January 1, 2013.

The Invesco India ELSS Tax Saver Fund is categorized as an Equity Linked Savings Scheme (ELSS) with ₹2,638.99 crores in assets under management. It has achieved a 5-year CAGR of 21.95% and charges no exit load. The fund’s expense ratio is 0.76%, and SEBI classifies its risk level as Very High. The fund’s current asset allocation is Equity: 97.71%, Cash & Equivalents: 1.41%, and Rights: 0.88%.

Bank of India ELSS Tax Saver Direct-Growth

Bank of India ELSS Tax Saver Direct-Growth is an Equity Linked Savings Scheme (ELSS) offered by Bank of India Mutual Fund. This tax-saving fund has been in the market for 11 years and 7 months, launched on January 1, 2013.

The Bank of India ELSS Tax Saver belongs to the Equity Linked Savings Scheme (ELSS) category and manages assets worth ₹1,326.57 crores. It boasts a 5-year CAGR of 30.39% and has no exit load. The fund’s expense ratio is 0.96%, and SEBI rates its risk as Very High. Its current asset allocation is Equity: 99.59%, Cash & Equivalents: 0.38%, Treasury Bills: 0.04%.

JM ELSS Tax Saver Fund Direct Plan-Growth

JM ELSS Tax Saver Fund Direct Plan-Growth is an Equity Linked Savings Scheme (ELSS) provided by JM Financial Mutual Fund. This tax-saving investment vehicle has been operational for 11 years and 7 months, having commenced on January 1, 2013.

The JM ELSS Tax Saver Fund falls under the Equity Linked Savings Scheme (ELSS) category and manages assets totalling ₹161.45 crores. It has delivered a 5-year CAGR of 25.71% and imposes no exit load. The fund’s expense ratio is 1.13%, and SEBI categorizes it as Very High risk. The current asset allocation stands at Equity: 97.32%, Rights: 2.37%, Cash & Equivalents: 0.31%.

Best Top Performed ELSS Fund in 10 Years – FAQs

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.