New Delhi, June 29. Every year people make a lot of efforts to save income tax, but little attention is paid towards Equity Linked Saving Scheme (ELSS). This is considered to be the best scheme to save income tax. Those who would have invested in top 10 ELSA schemes in June last year have got very good returns. One scheme has more than doubled the money. Know further which are these top 10 ELSS schemes, and how much return they have given in 1 year.
After all, why this is the best way to save income tax
Generally, people pay attention to schemes with fixed returns to save income tax. In this, SSC, PPF and other such options come. But Equity Linked Savings Scheme (ELSS) of mutual funds is a special category, where investment can be claimed exemption under 80C of Income Tax. This exemption is the same as that available on investment in PPF or insurance etc.
Benefits of investing in ELSS
There are many benefits of investing in Equity Linked Savings Scheme (ELSS). One, the lock-in period here is only 3 years. That is, whatever money is invested on the date it can be withdrawn after three years. Apart from this, the lock-in period of 3 years is the shortest. While this period is 15 years in PPF, it is 5 years in tax saving FD. Investment in Equity Linked Savings Scheme (ELSS) can be done in one go or every month. Under Systematic Investment Plan (SIP), this investment is allowed to be made every month. It should also be kept in mind here that when the investment in these schemes would have been made, then at that time income tax exemption would have been given separately. Apart from this, this return has got more in the year.
Here is the opinion of the expert
According to income tax lawyer Rajiv Tiwari, by investing in ELSS mutual funds, income tax can be saved in the same way as other investments under 80C can be saved. At the same time, after 3 years, you can also get a rebate of Rs 1 lakh on the benefit under Long Term Capital Gain.
Now know the top 10 ELSS giving best returns
Quant Tax Mutual Fund Scheme
Quant Tax Mutual Fund Scheme has given the best returns in the last one year. Those investing lumpsum in this scheme have got a return of 124.21 percent in 1 year. If someone would have invested money in this scheme a year ago from today, then its value would be Rs 2,24,209 at this time. At the same time, this scheme has given a return of 118.63 percent to those investing through SIP. If one would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,81,592 at present.
Mirae Asset Tax Saver Mutual Fund Scheme
Mirae Asset Tax Saver Mutual Fund Scheme has given good returns in the last one year. Those investing lumpsum in this scheme have got a return of 78.79 percent in 1 year. If someone would have invested money in this scheme a year ago from today, then its value would be Rs 1,78,792 at this time. At the same time, this scheme has given a return of 67.32 percent to those investing through SIP. If one would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,56,721 at present.
BOI AXA Tax Advantage Mutual Fund Scheme
BOI AXA Tax Advantage Mutual Fund Scheme has given good returns in the last one year. Those investing lumpsum in this scheme have got a return of 78.36 percent in 1 year. If someone would have invested money in this scheme a year ago from today, then its value would be Rs 1,78,355 at this time. At the same time, this scheme has given a return of 70.08 percent to those investing through SIP. If one would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,58,112 at present.
DSP Tax Saver Mutual Fund Scheme
DSP Tax Saver Mutual Fund Scheme has given good returns in the last one year. Those investing lumpsum in this scheme have got a return of 72.51 percent in 1 year. If someone would have invested money in this scheme a year ago from today, then its value would be Rs 1,72,506 at this time. At the same time, this scheme has given a return of 70.11 percent to those investing through SIP. If someone would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,58,131 at present.
Canara Robeco Tax Saver Mutual Fund Scheme
Canara Robeco Tax Saver Mutual Fund Scheme has given good returns in the last one year. Those investing lumpsum in this scheme have got a return of 71.81 percent in 1 year. If someone would have invested money in this scheme a year ago from today, then its value would be Rs 1,71,806 at this time. At the same time, this scheme has given a return of 62.68 percent to those investing through SIP. If one would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,54,365 at present.
PGIM India Long Term Equity Mutual Fund Scheme
PGIM India Long Term Equity Mutual Fund Scheme has given good returns in the last one year. Those investing lumpsum in this scheme have got a return of 70.35 percent in 1 year. If someone would have invested in this scheme a year ago from today, then its value would be Rs 1,70,348 at this time. At the same time, this scheme has given a return of 67.09 percent to those investing through SIP. If one would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,56,605 at present.
JM Tax Gain Mutual Fund Scheme
JM Tax Gain Mutual Fund Scheme has given good returns in the last one year. Those investing lumpsum in this scheme have got a return of 68.99 percent in 1 year. If someone would have invested in this scheme a year ago from today, then its value would be Rs 1,68,993 at this time. At the same time, this scheme has given a return of 57.48 percent to those investing through SIP. If someone would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,51,703 at present.
Kotak Tax Saver Mutual Fund Scheme
Kotak Tax Saver Mutual Fund Scheme has given good returns in the last one year. Those investing lumpsum in this scheme have got a return of 66.04 percent in 1 year. If someone would have invested in this scheme a year ago from today, then its value would be Rs 1,66,039 at this time. At the same time, this scheme has given a return of 60.98 percent to those investing through SIP. If one would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,53,499 at present.
Invesco India Tax Mutual Fund Scheme
Invesco India Tax Mutual Fund Scheme has given good returns in the last one year. Those investing lumpsum in this scheme have got a return of 61.74 percent in 1 year. If someone would have invested money in this scheme a year ago from today, then its value would be Rs 1,61,742 at this time. At the same time, this scheme has given a return of 57.05 percent to those investing through SIP. If someone would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,51,481 at present.
Axis Long Term Equity Mutual Fund Scheme
Axis Long Term Equity Mutual Fund Scheme has given good returns in the last one year. Those investing lumpsum in this scheme have got a return of 58.44 percent in 1 year. If someone would have invested in this scheme a year ago from today, then its value would be Rs 1,58,442 at this time. At the same time, this scheme has given a return of 54.39 percent to those investing through SIP. If someone would have invested Rs 10,000 in this scheme through SIP, then its value would be Rs 1,50,101 at present.
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