Which ELSS is best to invest in 2020?
Which ELSS is best to invest in 2020?
Basis this parameter, these are the seven best ELSS mutual funds hand-picked by us:
- Axis Long Term Equity Fund.
- Invesco India Tax Plan.
- DSP Tax Saver.
- Kotak Tax Saver Fund.
- Mirae Tax Saver Fund.
- Canara Robeco Equity Tax Saver Fund.
- Motilal Oswal Long Term Equity Fund.
- The Bottom line:
Which ELSS fund is best 2021?
List of Top ELSS Funds to Invest in 2021
- Mirae Asset Tax Saver Fund.
- Canara Robeco Equity Taxsaver fund.
- DSP Tax Saver Fund.
- Axis Long Term Equity Fund.
- ICICI Prudential Long Term Equity Fund Tax Saving.
- SBI Magnum Long Term Equity Scheme.
- BNP Paribas Long Term Equity Fund.
Which ELSS scheme is best?
The table below shows the top-performing ELSS mutual funds based on the past five year returns:
| Mutual fund | 5 Yr. Returns | 3 Yr. Returns |
|---|---|---|
| Canara Robeco Equity Tax Saver Fund | 20.45\% | 25.76\% |
| Mirae Asset Tax Saver Fund | 21.82\% | 25.42\% |
| JM Tax Gain Fund – Growth | 19.21\% | 25.4\% |
| DSP Tax Saver Fund – Direct Plan – Growth | 18.42\% | 24.67\% |
Is Mirae Asset Tax Saver Fund good?
Hence, an investor must understand that their principal amount of investment will be at very high risk. Since its inception, Mirae Asset Taxsaver Fund-Growth has delivered a return of 20.60\%….Mirae Asset Tax Saver Fund- Growth Scheme Details.
| 1 Year Return | 66.40\% |
|---|---|
| 3 Years Return | 20.50\% |
| 5 Years Return | 21\% |
How is Mirae Asset Tax Saver Fund?
Pros and Cons of Mirae Asset Tax Saver Fund The expense ratio of Mirae Asset Tax Saver Fund is as low as 0.64\%, and it comes with nil exit load. The one-year and three-year returns are higher than that of the category average returns. However, the risk-adjusted returns are lower than the category.
Which is best Mirae fund?
List of Mirae Asset Mutual Funds in India
| Fund Name | Category | 1Y Returns |
|---|---|---|
| Mirae Asset Great Consumer Fund | Equity | 38.3\% |
| Mirae Asset Cash Management Fund | Debt | 3.4\% |
| Mirae Asset Focused Fund | Equity | 48.0\% |
| Mirae Asset Midcap Fund | Equity | 56.9\% |
Are capital gains from ELSS taxable?
The Long-Term Capital Gains on ELSS are tax-exempt up to Rs 1 lakh, and dividend received is tax-free in the hands of investors. You can continue to invest in this scheme even after the completion of the lock-in period of three years.