Today we’re going to tell you about 6 such ELSS programs that have had returns ranging from 28 percent to 46 percent over the past three years. An investment of Rs 1.5 lakh in ELLS funds is eligible for exemption under Section 80C of the Income Tax Act. (Image credit: Canva)
The direct plan of the Quant Tax Plan program has returned investors 46.61 percent over a three-year period. The return on the regular plan was 43.92 percent. The scheme tracks the Nifty 500 Total Return Index. (Canvas)
The Bandhan Tax Advantage Fund (ELSS) direct plan has returned 36.18 percent, while the regular plan has returned 34.63 percent in three years. The scheme maps the BSE 500 Total Return Index. (Image: Canva)
The Parag Parikh Tax Saver Fund direct plan has returned 33.81 percent and the regular plan has brought investors whopping returns of up to 32.11 percent in three years. The fund tracks the 500 Total Return Index. (Image credit: Canva)
PGIM India ELSS Tax Saver Fund is also included in the ELSS Funds and offers high returns. The direct plan of this program has produced a return of 30.01 percent while the regular plan has produced a profit of 28.34 percent in three years.
The one who invested money in the Bank of India Tax Advantage Fund also made a fortune in three years. The direct plan has returned 29.01% during this period, while the regular plan has returned 27.60%. (Image credit: Canva)
Mahindra Manulife ELSS Fund direct plan has returned 29.49% in three years. The regular plan of this program has brought the investors a whopping 27.32 percent gain in three years. The scheme tracks the Nifty 500 Total Return Index.
(Disclaimer: The mutual funds mentioned here are based on the advice of a financial adviser. If you are considering investing in any of these, please consult a certified investment adviser first. News18 is not responsible for your gains or losses of any kind. Will not be taken care of.)
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Keywords: Business News in Hindi, Tips for making money, Investment funds, Mutual Fund SIP Returns, tax savings
FIRST RELEASED : April 27, 2023 at 4:53 p.m. CET
