Why Invest in ELSS Mutual Funds?
  • Save up to Rs. 46,350* on taxes
  • Enjoy 15%-20% returns in long term
  • Lowest lock-in among 80C instruments
  • Best for last minute tax savings
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Top funds 3Y Return 5Y Return
Axis Long Term Equity Fund (G) 14.84% 16.73% Invest
ICICI Prudential Long Term Equity Fund (Tax Saving) (G) 13.49% 12.25% Invest
Aditya Birla Sun Life Tax Relief 96 (G) 13.37% 16.25% Invest
L&T Tax Advantage Fund (G) 13.54% 12.81% Invest
Mirae Asset Tax Saver Fund (G) 20.83% - Invest
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Feb 27, 2019 4 min read

March Approaching: Only One Month to Go for Tax Savings

Save upto Rs. 46,350* by investing in best ELSS tax Saving funds.

March 2019 is about to start in a couple of days, and with that starts the pressure of tax planning. It's the time when people start calculating their taxable income and look for different tax-saving plans. Out of many tax-saving options, ELSS plans are trending among the investors. These instruments are currently offering benefits that are at par with other traditional tax saving instruments, but are not within the reach of many people due to lack of awareness. So, if you are new to the mutual fund industry and are unaware of the benefits provided by the ELSS funds, you are at the right place.

What Are ELSS Mutual Funds?

ELSS or Equity Linked Savings Scheme is a category of equity mutual funds, which allows investors to enjoy high returns from equity instruments and also provide tax-saving benefits on investments up to Rs. 1.5 lakhs. These schemes fall under section 80C of the Income Tax Act, 1961, which allows the investors to claim tax deductions on investments up to Rs. 1,50,000 and save up to Rs. 46,350* on their income. In addition to this, the top schemes of this category have the potential to provide investors with returns of 15% and more in the long term.

Invest in the Best Mutual Funds
  • 100% Paperless
  • No Transaction Charges
  • Easy to Invest
  • Safe & Secure

Now, in addition to the dual advantages that ELSS funds provide, there are other benefits too which can be enjoyed by investing in these schemes. One of the key factors that make these schemes better than the other investment options of section 80C is the lock-in period. ELSS schemes have a lock-in of just 3 years, which is way lower in comparison to FDs (5 years lock-in) and PPFs (15 years lock-in). Also, unlike the traditional tax saving instruments ELSS funds are transparent, which means you will be familiar with the instruments that you are investing in, the investment approach of the scheme, etc. This helps the investors in choosing a scheme that can match with their investment preferences.

What Makes it a Lucky Year for You?

If you are planning to make a lumpsum investment in Best ELSS funds in 2019, then you are in for a treat. As you may be aware that the equity market has been reacting violently to the volatility from the past 1 year, due to which almost 79% of the equity schemes have shown a drop in valuations. This list also includes the top ELSS funds which also showed a drop in valuations, and are currently available at lower NAVs. So, if you invest now, you can enter these schemes at discounted prices and can enjoy a much better growth in the coming years. To get a better idea of why volatility is the best opportunity, 

Also Read:

Now, to save you from the trouble of carrying out extensive research for finding the best ELSS funds to invest, a list of 5 best tax saving schemes has been attached below. From these schemes, you can pick one that best suits your investment style and investment preferences.

Scheme NameAUM (As on Jan 31, 2019)Returns (As on Feb 25, 2019)
3 Years5 Years7 Years
Aditya Birla Sun Life Tax Relief 96' Fund (G) Rs. 7,373 crore 16.23% 18.63% 16.64%
Axis Long Term Equity Fund (G) Rs. 17,090 crore 15.19% 18.66% 18.57%
ICICI Prudential Long Term Equity Fund (G) Rs. 5,547 crore 14.00% 15.48% 14.28%
Mirae Asset Tax Saver Fund (G) Rs. 1,315 crore 23.33% - -
L&T Tax Advantage Fund (G) Rs. 3,120 crore 15.49% 15.49% 12.99%

Now that you know how beneficial ELSS funds are, don’t waste any more time doodling around. Start your investments right away to take full advantage of the market volatility. In case you feel any kind of problem while selecting a scheme, you can connect with the experts, who after an in-depth analysis of your profile, will suggest you with specific investment options.

Invest in the Best Mutual Funds
  • 100% Paperless
  • No Transaction Charges
  • Easy to Invest
  • Safe & Secure

Must Read: How to Pick the Best ELSS Fund?

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