Best ELSS Fund to Invest in 2013 (India): Return Wise Camparison Of Last 3 Years

Top 10 ELSS Mutual Funds In India 2013

ELSS or Equity Linked Saving Scheme is one type of diversified equity mutual funds, as the name suggests, the money of such fund or the majority of the corpus is invested in equity market and the investment by any investor up to Rs 100,000 in a financial year is deductible under Section 80C from his/her gross total income and further dividend income and capital gains earned on ELSS funds are also tax exempted.

The main advantage of ELSS over other tax saving investments like NSC in post office or PPF is that ELSS comes in lesser lock in period of three years whereas the same is 6 years for NSC and in PPF only partial withdrawal is allowed after 6 years (full withdrawal is permitted only after 15 years on maturity). If an investor invest in ELSS in SIP method then the day of making each payment  will be considered as day of purchase and lock in period will be counted from such date of making payment. The minimum investment in ELSS required is Rs 500. ELSS means equity diversified funds where investors enjoy both the benefits of capital appreciation and tax benefit. Similar to other equity funds, ELSS funds have both dividend and growth options. Before you invest in an ELSS, do a thorough research on the performance, investment approach of the fund managers, volatility in the fund’s portfolio and expense ratio of the fund.

Mutual Fund Scheme

Fund Size (in Rs. Crore) as on 31. 3. 2013

CRISIL

Rank

 

Return in 3 yr (%)

Return in 5 yr (%)

Can Robeco Equity TaxSaver (G)

549.87

2

 

24.3

85.4

Reliance Tax Saver (ELSS) (G)

2,036.92

3

 

24.2

63.1

L&T Tax Advantage (G)

1166.81

3

 

20.6

59.4

Franklin India Tax Shield (G)

920.84

2

 

31.5

59.0

HDFC Tax Saver (G)

3490.65

4

 

11.8

58.4

ICICI Prudential Tax Plan (G)

1,467.96

3

 

18.7

57.0

HDFC Long Term Advantage (G)

854.55

2

 

26.0

55.0

DSP-BR Tax Saver Fund (G)

747.09

3

 

18.8

42.5

Sundaram Tax Saver (G)ac

1380.96

4

 

15.5

37.8

UTI Master Equity Plan (US)

1261.75

Not

Ranked

 

21.9

37.5

 

** Returns have been calculated based on NAV’s as on May 30, 2013 & Index values as on May 30, 2013. As per AMFI guidelines, effective from quarter ending December 31, 2010, fund houses have stopped publishing the Assets Under Management (AUM) on a monthly basis. This data is published every quarter.

Data Source: Moneyconrtrol.com

There are many other good ELSS Funds in India other than those mentioned above. The list mentioned below shows few selected of them:

  • Axis Long Term Equity
  • Baroda Pioneer ELSS 96
  • Birla Sun Life Tax Plan
  • Birla Sun Life Tax Relief 96
  • BNP Paribas Tax Advantage Plan
  • BOI AXA Tax Advantage Eco
  • BOI AXA Tax Advantage Regular Growth Equity
  • DWS Tax Saving
  • Edelweiss ELSS
  • HDFC LT Advantage
  • HSBC Tax Saver Equity
  • IDFC Tax Advantage (ELSS)
  • ING Tax Savings
  • JM Tax Gain
  • Kotak Tax Saver
  • LIC Nomura MF Tax Plan
  • Principal Personal Tax Saver
  • Principal Tax Savings
  • Sahara Tax Gain
  • SBI Magnum Tax Gain
  • Tata Tax Saving
  • Taurus Tax Shield
  • UTI Equity Tax Savings

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2 Comments on "Best ELSS Fund to Invest in 2013 (India): Return Wise Camparison Of Last 3 Years"

  1. hocuri online | July 29, 2013 at 12:26 am | Reply

    I constantly spent my half an hour to read this website’s content every day along with a mug of coffee.

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