Greatest performing Tax Saving ELSS Mutual Funds in a single yr (until June 6, 2023): Many of the Tax Saving ELSS funds have given good returns in a single yr. Information on the web site of the Affiliation of Mutual Funds in India (AMFI) on the time of writing exhibits that direct plans of as many as 8 ELSS funds have given 19% to 25% returns in a single yr.

Following is a listing of such funds. Nonetheless, traders ought to word that there isn’t any assurance or assure that these funds will proceed to present comparable returns in future.

Motilal Oswal Lengthy Time period Fairness Fund

The direct plan of Motilal Oswal Lengthy Time period Fairness Fund has given a return of 25.11% whereas the common plan has given a return of 23.57% in a single yr. The scheme tracks NIFTY 500 Complete Return Index, which has given a return of 14.13% in a single yr.

SBI Lengthy Time period Fairness Fund

The direct plan of SBI Lengthy Time period Fairness Fund has given a return of twenty-two.88% whereas the common plan has given a return of twenty-two.10% in a single yr. The scheme tracks S&P BSE 500 Complete Return Index, which has given a return of 14.30% in a single yr.

Additionally Learn: How SCSS curiosity revenue compares to Retirement Mutual Fund returns in 5 years

JM Tax Acquire Fund

The direct plan of JM Tax Acquire Fund has given a return of 20.05% whereas the common plan has given a return of 18.90% in a single yr. The scheme tracks S&P BSE 500 Complete Return Index, which has given a return of 14.30% in a single yr.

Kotak Tax Saver Fund

The direct plan of Kotak Tax Saver Fund has given a return of 19.90% whereas the common plan has given a return of 23.57% in a single yr. The scheme tracks NIFTY 500 Complete Return Index, which has given a return of 14.13% in a single yr.

HDFC Taxsaver Fund

The direct plan of HDFC Taxsaver Fund has given a return of 19.78% whereas the common plan has given a return of 19.04% in a single yr. The scheme tracks NIFTY 500 Complete Return Index, which has given a return of 14.13% in a single yr.

Additionally Learn: What’s Complete Expense Ratio (TER) of a mutual fund and the way it impacts your SIP returns?

Bandhan Tax Benefit (ELSS) Fund

The direct plan of Bandhan Tax Benefit (ELSS) Fund has given a return of 19.52% whereas the common plan has given a return of 18.12% in a single yr. The scheme tracks S&P BSE 500 Complete Return Index, which has given a return of 14.30% in a single yr.

ITI Lengthy Time period Fairness Fund

The direct plan of ITI Lengthy Time period Fairness Fund has given a return of 19.40% whereas the common plan has given a return of 17.09% in a single yr. The scheme tracks NIFTY 500 Complete Return Index, which has given a return of 14.13% in a single yr.

Financial institution of India Tax Benefit Fund

The direct plan of Financial institution of India Tax Benefit Fund has given a return of 19.30% whereas the common plan has given a return of 17.90% in a single yr. The scheme tracks S&P BSE 500 Complete Return Index, which has given a return of 14.30% in a single yr.

Disclaimer: The above content material is for info functions solely primarily based on AMFI web site information as of June 5, 2023. Mutual Funds are topic to market dangers. There isn’t any assurance or assure that the above funds will give the identical returns in future. Traders are suggested to seek the advice of their monetary advisors earlier than investing.

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