5 ELSS Funds That Made Investors Rich in 10 Years. Got 21% annual return, no tax left, these 5 ELSS funds made you happy

Last Updated:January 13, 2025, 14:13 IST

Investment Tips- ELSS funds have a lock-in period of 3 years. That means the money invested in it cannot be withdrawn before three years. The special thing is that there is no maximum limit for investment in ELSS.

New DelhiEquity-Linked Savings Schemes (ELSS) not only offer excellent returns but also provide tax savings. These are also called tax saving mutual funds. As per SEBI rules, it is mandatory for ELSS funds to invest at least 80% of the amount in equities, while the remaining 20% ​​can be invested in other assets. Under Section 80C of the Income Tax Act, tax exemption up to ₹ 1.5 lakh is available on investment in ELSS. Some ELSS have given excellent returns in the last ten years. Today we will tell you about five such funds which have made previous investors rich.

What is worth noting here is that ELSS funds have a lock-in period of 3 years. That means the money invested in it cannot be withdrawn before three years. The special thing is that there is no maximum limit for investment in ELSS and you can start investing even with ₹ 500. In this, money can be invested in lump sum i.e. through lump sum and SIP.

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Quant ELSS Tax Saver Fund
The benchmark of Quant ELSS Tax Saver Fund is BSE 500 TRI. Its expense ratio is 0.59%. The 10 year average annual return of this fund has been 20.88% and SIP return has been 23.65%. A monthly SIP of ₹10,000 created a corpus of ₹41.94 lakh in 10 years. Lump sum investment of ₹1 lakh becomes ₹6.66 lakh in 10 years.

Bank of India ELSS Tax Saver Fund
This ELLS follows BSE 500 TRI. The expense ratio of this fund is 0.84% ​​so the annual return for 10 years has been 17.55%. Whereas, SIP return has been 20.42%. Monthly SIP of ₹10,000 created a corpus of ₹35.22 lakh. Lump sum investment of ₹1 lakh became ₹5 lakh.

JM ELSS Tax Saver Fund
The expense ratio of JM ELSS Tax Saver Fund related to BSE 500 TRI is 1.27%. Its 10 year annual return has been 17.01% and SIP return has been 19.79%. In this fund, a monthly SIP of ₹ 10,000 has created a fund of ₹ 34.04 lakh in 10 years. At the same time, lump sum investment of ₹1 lakh became ₹4.81 lakh.

DSP ELSS Tax Saver Fund
DSP ELSS Tax Saver Fund has also given excellent returns in the last ten years. This fund also follows the benchmark BSE 500 TRI. The expense ratio of this fund is 0.74%. The 10 year annual return of the fund is 16.72% and the SIP return is 19.01%. A monthly SIP of ₹10,000 has created a corpus of ₹32.79 lakh. Lump sum investment of ₹1 lakh has become ₹4.69 lakh.

Bandhan ELSS Tax Saver Fund
The expense ratio of this fund which follows BSE 500 TRI is 0.66%. The fund has given 16.17% annual returns in the last ten years. Whereas, SIP return was 18.11%. With a monthly SIP of ₹10,000, a corpus of ₹31 lakh was created in ten years. Lump sum investment of ₹1 lakh became ₹4.48 lakh.

(Disclaimer: The information given here is based on mutual fund performance. If you want to invest money in any of these, then first consult a certified investment advisor. News18 will not be responsible for any profit or loss you may incur. .)