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These 3 Tax Saver ELSS Funds Given Over 40% SIP Returns In 3-Year Lock-In Period

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In this article, we have given insight details into the three tax saver ELSS mutual fund scheme. ELSS stand for Equity-linked savings schemes. These funds are tax saver mutual funds that comes under section 80C of the Indian Income Tax Act 1961. In a financial year, you can save up to Rs 1,50,000. These funds come with a three-year lock-in period and can help investors make their last-minute tax savings.

 

HDFC Tax Saver Fund - Direct Plan-Growth

HDFC Tax Saver Fund - Direct Plan-Growth

This tax Saver ELSS fund is an open-ended scheme from HDFC Mutual Fund. The AUM or Asset Under Management of this fund is worth Rs 9216.02 Crore. The recent declared NAV of this fund is RS 789.461, declared on 18th April 2022. Its expense ratio is 1.25%, which is higher than its category average expense ratio, and the highest among these 3 ELSS funds. It is a medium-sized fund of its category.

This scheme is a highly risky scheme for investment. Also, it has given below-average performance among peer funds. The fund has 95.76% investment in Indian stocks of which 68.95% is in large-cap stocks, 9.37% is in mid-cap stocks, and 5.46% in small-cap stocks. Rating agency CRISIL has rated this fund 2-star. 

Returns

In the last 1 year, this fund has delivered 29.50% returns on lump-sum investment. The returns are slightly below its category average returns in 1 year. Since its launch, it has delivered 13.34% average annual returns.

SIP Returns

Absolute ReturnsAnnualised Returns
9.02%17.15%
34.03%31.01%
40.76%23.52%
44.79%14.78%
Nippon India Tax Saver Fund - Direct Plan-Growth
 

Nippon India Tax Saver Fund - Direct Plan-Growth

This ELSS mutual fund scheme is from Nippon India Mutual Fund. It is an open-ended medium-sized fund of its category. The scheme predominantly invests in equity and equity-linked instrument for capital gain in long term.

The AUM of this scheme is Rs 12022.72 crore. The NAV declared on 18th April 2022 is Rs 82.4636. It has an expense ratio of 1.11, which is similar to its category average. 

This is also a highly risky fund for investment. CRISIL has rated this fund 1 star. It has given relatively weak performance among peers funds. The fund has 99.67% investment in equities. of which 65.49% is in large-cap stocks, 11.07% is in mid-cap stocks, and 10.34% is in small-cap stocks. 

Returns

In the last 1 year, it has delivered 24.10% returns on lump-sum investment, which is slightly below its category average in 1-year tenure. Since its launch, it has delivered 13.76% average annual returns. 

SIP Returns

SIP PeriodAbsolute ReturnsAnnualised Returns
1 Year6.53%12.32%
2 Year35.29%32.10%
3 Year40.76%23.51%
5 Year39.15%13.17%
Tata India Tax Savings Fund - Direct Plan-Growth

Tata India Tax Savings Fund - Direct Plan-Growth

This ELSS from TATA Mutual Fund is an open-ended tax saver fund that predominantly in Equity & Equity related instruments for capital gain on a long term basis. The Fund's AUM is Rs 3062.83 Crore. The NAV of this fund declared on 18th April 2022 is Rs 30.7374. It has an expense ratio of 0.75%, which is higher than its category average expense ratio.

It has been rated 2-star by the Rating Agency CRISIL. Also, it is a medium-sized fund in its category. Its performance is below average among peer funds. However, it has delivered good returns. This is an equity-linked scheme which makes it a highly risky fund and has been labelled highly risky for investment. This fund has 96.64% investment in equities of which 60.17% is in large cap stocks, 10.18% is in mid cap stocks, 14.71% in small cap stocks.

 
Returns

It has delivered 23.02% returns in the last 1 year on the lumpsum investment. Since its launch, it has delivered 16.11% average annual returns. 

SIP Returns

SIP PeriodAbsolute ReturnsAnnualised Returns
1 Year6.30%11.88%
2 Year30.35%27.81%
3 Year40.36%23.31%
5 Year53.93%17.28%

Disclaimer

Mutual fund investments are subject to market risk. Read all scheme-related documents, and Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.

Story first published: Tuesday, April 19, 2022, 11:15 [IST]
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