Best mutual funds: These ELSS schemes gave over 20% returns in past 3 years (2024)

FAQs

Best mutual funds: These ELSS schemes gave over 20% returns in past 3 years? ›

There are 4 mutual fund schemes which have given an annualised return of 20 percent in the past five years. These are Quant ELSS Tax Saver Fund, Bank of India ELSS Tax Saver Fund, SBI Long Term Equity Fund and Bandhan ELSS Tax Saver Fund.

There are 4 mutual fund schemes which have given an annualised return of 20 percent in the past five years. These are Quant ELSS Tax Saver Fund, Bank of India ELSS Tax Saver Fund, SBI Long Term Equity Fund and Bandhan ELSS Tax Saver Fund.

Here are 5 mutual fund schemes with highest 3-year returns along with their expense ratios: Quant Small Cap Fund(G) tops the chart with over 39% returns followed by Quant Mid Cap Fund(G), Nippon India Small Cap Fund(G), Quant Flexi Cap Fund(G) and Motilal Oswal Midcap Fund-Reg(G) in the same pecking order. 1.

In a five year and 10-year horizon, the ELSS category offered an average return of 18.50% and 17.05% respectively. “ELSS funds have the capacity to yield returns surpassing those of simple savings schemes. Data shows that the ELSS category has delivered 15-16% returns on average over the last 10 years.

A 20% return is possible, but it's a pretty significant return, so you either need to take risks on volatile investments or spend more time invested in safer investments.

As you know there are no fixed returns in mutual funds but you can expect around 8% - 10% in Debt hybrid funds, around 10% - 12% in equity hybrid funds and 12%-15% in equity funds if you have a long-term horizon.

There are eight large cap mutual funds which have delivered over 40 percent return in the past one year. These include Quant Large Cap Fund, Bank of India Bluechip Fund, JM Large Cap Fund and Nippon India Large Cap Fund, among others.

Which mutual funds give 30% return? ›

What is the 3-year lock-in period? The 3-year lock-in period applies specifically to Equity Linked Saving Schemes (ELSS) - a type of tax-saving mutual fund. It restricts redeeming your investment within the first 3 years from purchase.

Canara Robeco is the 16th largest fund house in the MF industry and its schemes have been doing well recently. Take the case of Canara Robeco Small Cap Fund—managed by Bhandwaldar and Ajay Khandelwal. The scheme has delivered 40% compounded annual growth rate (CAGR) returns in just three years.

Things To Know About ELSS

Contributions of up to Rs. 1,50,000 a year are tax-exempt under the Section 80C of the Income Tax Act, 1961. It is one of the best investment options that offer tax benefits with potentially higher returns and a much shorter lock-in period.

After the three-year lock-in period, investors can redeem their investment or stay invested. But the investor must note that the investment after the deductions is still subjected to 10% tax, though ELSS can give high returns in the long term.