Top 3 ELSS Mutual Fund Schemes in 2022


 Top 3 ELSS Mutual Funds -Tax Saving Mutual FundsI

Introduction:-  Before we know the top 3 ELSS Mutual Fund Schemes, let us know

What an ELSS scheme is?

   ELSS Schemes are equity Linked savings schemes that allows an individual or HUF a deduction from total income of up to 1.5 lakhs under Sec 80C of income tax Act 1961.

You can save taxes up to Rs.46,800 by investing in these ELSS Mutual Fund schemes.(Assuming a tax slab of 30% and investing Rs.1,50,000)     


Major Advantages of ELSS Schemes

  • Shortest lock-in period of 3 years
  • High return generation capability
  • Tax Benefit

Feature of ELSS Mutual Funds

  As per SEBI guidelines , ELSS must allocate at least 80% of their investment corpus to equity shares

Taxability

    Since ELSS Schemes have lock-in period of 3 years, All gains from the scheme comes under long term capital gains (LTCG). thus gains from the sale of  ELSS units in excess of Rs.1 lakh attract a 10% tax.

Tax Exemption

     Investments of up to Rs.1.5 lakh in the ELSS mutual funds are deducted from taxable income.

Watch my YouTube video on ELSS mutual fund.






Top 3 ELSS Mutual Funds


1 - Mirae Asset Tax Savers Fund                                 
                                                                                       
Lunch Date - 28 Dec. 2015
Return since inception - 20.65%
Benchmark - Nifty 500 TRI

AUM - Rs.10,087Cr
Expense Ratio - 1.69%
Minimum Investment - Rs.500/-
Minimum SIP amount - Rs.500/-
Fund Manager - Mr. Nilesh Surana(Since 20 Nov 2015)

Return 

1 Year         3 Year.          5 Year
35.14.          22.45.            21.63

Asset Allocation

Large Cap - 74% appx.
Mid Cap    - 17.48%
Small Cap - 8.79%

Top 5 Holdings

HDFC Bank    8.20%
ICICI Bank     7.28%
Infosys            6.36%
Axis Bank       4.55%
Reliance          4.22%

2 - Quant Tax Plan

Fund House - Quant Mutual Fund
Lunch Date - 01 April 2000
Return since inception -15.22%
Benchmark - Nifty 500 TRI
AUM - Rs.555 Cr.
Expense Ratio - 2.62%
Minimum Investment - 500/-
Minimum SIP - 500/-

Fund manager - Mr. Ankit A Pande.  
(Since 11 may 2020)

Schemes performance
1 Year.         3 Year.         5 Year
59.83%       28.08 %.      25.8%

Asset Allocation
Large cap -  63% Appx.
Mid cap   -  16.97%
Small cap - 19.62%
  
Top 5 Holdings

Vedanta                          9.44%
ITC                                9.34%
Reliance Industries        8.09%
Adani Enterprises          7.79%
SBI                                 6.88%


3 - Axis Long Term Equity Fund

Fund House - Axis Mutual fund
Lunch date - 29 Dec 2009
Return since inception -17.96%
Benchmark - Nifty 500 TRI
Fund Manager - Jignesh Gilani 
(Since 01 April 2010)
AUM - 33,529 Cr
Expense Ratio - 1.58%
Minimum Investment - Rs.500
Minimum SIP - Rs.500/-

Scheme Performance 

1Year.        3Year.           5Year
25.24%      19.15%        19.48%

Asset Allocation
 
Large Cap - Appx. 80%
Mid Cap - 18.68%
Small cap - 1.83%

Top Holdings

Avenue Supermarts -     9.86%
Bajaj Finance -              9.45%
TCS -                             8.34%
Info Edge(India)            7.31%
Kotak Mahindra Bank-  5.35%


My YouTube link on top 3 ELSS mutual fund Schemes.




Disclaimer
Mutual fund Investment are subject to market risks , read all scheme related documents carefully.








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