India's Best ELSS Mutual Funds to Invest in 2024

ELSS Funds, also known as Equity Linked Savings Schemes, are mutual funds that offer tax benefits under Section 80C of the Income Tax Act. These funds primarily invest in stocks of listed companies in a specific proportion according to the fund's investment objective.

Investing in ELSS Funds can be beneficial for individuals looking to save taxes while also aiming for long-term wealth creation. The dual benefit of tax savings and potential capital appreciation makes ELSS Funds an attractive investment option.

ELSS Funds come with a lock-in period of 3 years, which is the shortest among all the tax-saving investment options available. This lock-in period ensures that investors stay invested for the long term, which is crucial for generating higher returns.

When it comes to choosing the best ELSS Funds, several factors need to be considered. These include the fund's past performance, the fund manager's expertise, the fund's investment strategy, and the consistency of returns.

Based on these factors, here are some of the best ELSS Funds to consider for investment:

1. JM ELSS Tax Saver Fund

2. Tata ELSS Tax Saver Fund

3. Invesco India ELSS Tax Saver Fund

4. Canara Robeco ELSS Tax Saver

5. ICICI Prudential ELSS Tax Saver

These funds have a proven track record of delivering consistent returns over the long term and have been highly rated by experts.

In terms of taxation, ELSS Funds are treated the same way as other equity investments. Short-term capital gains (STCG) are taxable at a rate of 15%, while long-term capital gains (LTCG) are only taxable if the gains exceed Rs. 1 lakh in a financial year. LTCG exceeding Rs. 1 lakh are taxed at a rate of 10%.

To invest in ELSS Funds, investors can choose between a lump sum investment or a Systematic Investment Plan (SIP). SIPs allow investors to invest a fixed amount at regular intervals, which helps in rupee cost averaging and reduces the risk of market timing.

It is important to note that while ELSS Funds offer tax benefits and potential higher returns, they also come with market risk. It is advisable to consult with a financial advisor or conduct thorough research before investing in any mutual fund.

In summary, ELSS Funds are a suitable investment option for individuals looking to save taxes and generate long-term wealth. By investing in these funds, investors can enjoy the dual benefit of tax savings and potential capital appreciation. It is important to choose the right ELSS Fund based on factors like past performance, fund manager expertise, and investment strategy.

ELSS Funds, also known as Equity Linked Savings Schemes, are mutual funds that offer tax benefits under Section 80C of the Income Tax Act. These funds primarily invest in stocks of listed companies in a specific proportion according to the fund's investment objective.

Investing in ELSS Funds can be beneficial for individuals looking to save taxes while also aiming for long-term wealth creation. The dual benefit of tax savings and potential capital appreciation makes ELSS Funds an attractive investment option.

ELSS Funds come with a lock-in period of 3 years, which is the shortest among all the tax-saving investment options available. This lock-in period ensures that investors stay invested for the long term, which is crucial for generating higher returns.

When it comes to choosing the best ELSS Funds, several factors need to be considered. These include the fund's past performance, the fund manager's expertise, the fund's investment strategy, and the consistency of returns.

Based on these factors, here are some of the best ELSS Funds to consider for investment:

1. JM ELSS Tax Saver Fund

2. Tata ELSS Tax Saver Fund

3. Invesco India ELSS Tax Saver Fund

4. Canara Robeco ELSS Tax Saver

5. ICICI Prudential ELSS Tax Saver

These funds have a proven track record of delivering consistent returns over the long term and have been highly rated by experts.

In terms of taxation, ELSS Funds are treated the same way as other equity investments. Short-term capital gains (STCG) are taxable at a rate of 15%, while long-term capital gains (LTCG) are only taxable if the gains exceed Rs. 1 lakh in a financial year. LTCG exceeding Rs. 1 lakh are taxed at a rate of 10%.

To invest in ELSS Funds, investors can choose between a lump sum investment or a Systematic Investment Plan (SIP). SIPs allow investors to invest a fixed amount at regular intervals, which helps in rupee cost averaging and reduces the risk of market timing.

It is important to note that while ELSS Funds offer tax benefits and potential higher returns, they also come with market risk. It is advisable to consult with a financial advisor or conduct thorough research before investing in any mutual fund.

In summary, ELSS Funds are a suitable investment option for individuals looking to save taxes and generate long-term wealth. By investing in these funds, investors can enjoy the dual benefit of tax savings and potential capital appreciation. It is important to choose the right ELSS Fund based on factors like past performance, fund manager expertise, and investment strategy.

ELSS Funds, also known as Equity Linked Savings Schemes, are mutual funds that offer tax benefits under Section 80C of the Income Tax Act. These funds primarily invest in stocks of listed companies in a specific proportion according to the fund's investment objective.

Investing in ELSS Funds can be beneficial for individuals looking to save taxes while also aiming for long-term wealth creation. The dual benefit of tax savings and potential capital appreciation makes ELSS Funds an attractive investment option.

ELSS Funds come with a lock-in period of 3 years, which is the shortest among all the tax-saving investment options available. This lock-in period ensures that investors stay invested for the long term, which is crucial for generating higher returns.

When it comes to choosing the best ELSS Funds, several factors need to be considered. These include the fund's past performance, the fund manager's expertise, the fund's investment strategy, and the consistency of returns.

Based on these factors, here are some of the best ELSS Funds to consider for investment:

1. JM ELSS Tax Saver Fund

2. Tata ELSS Tax Saver Fund

3. Invesco India ELSS Tax Saver Fund

4. Canara Robeco ELSS Tax Saver

5. ICICI Prudential ELSS Tax Saver

These funds have a proven track record of delivering consistent returns over the long term and have been highly rated by experts.

In terms of taxation, ELSS Funds are treated the same way as other equity investments. Short-term capital gains (STCG) are taxable at a rate of 15%, while long-term capital gains (LTCG) are only taxable if the gains exceed Rs. 1 lakh in a financial year. LTCG exceeding Rs. 1 lakh are taxed at a rate of 10%.

To invest in ELSS Funds, investors can choose between a lump sum investment or a Systematic Investment Plan (SIP). SIPs allow investors to invest a fixed amount at regular intervals, which helps in rupee cost averaging and reduces the risk of market timing.

It is important to note that while ELSS Funds offer tax benefits and potential higher returns, they also come with market risk. It is advisable to consult with a financial advisor or conduct thorough research before investing in any mutual fund.

In summary, ELSS Funds are a suitable investment option for individuals looking to save taxes and generate long-term wealth. By investing in these funds, investors can enjoy the dual benefit of tax savings and potential capital appreciation. It is important to choose the right ELSS Fund based on factors like past performance, fund manager expertise, and investment strategy.

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