Best ELSS Mutual Funds for Investment In January 2025
ELSS is a kind of mutual fund that helps you save on income tax. These are also called tax-saving funds. If you invest in the best ELSS mutual funds, you will get a tax deduction of up to Rs.1,50,000 under Section 80C. Any profits you earn after the three-year lock-in period are treated as long-term capital gains (LTCG). Gains of up to Rs.1 lakh are tax-free, and anything above that is taxed at 10%.
6 Best ELSS Mutual Funds for Investment in 2025
- Canara Robeco Elss Tax Saver Fund
- Mirae Asset Elss Tax Saver Fund
- Invesco India Elss Tax Saver Fund
- Dsp Elss Tax Saver Fund
- Quant Elss Tax Saver Fund
- Bank Of India Elss Tax Saver Fund
Canara Robeco Elss Tax Saver Fund
The fund aims to provide long-term capital growth, it also helps investors save income tax by providing tax benefits under section 80C of the Income Tax Act, 1961. The fund was launched in February 2009. This ELSS fund has delivered a 15.8% return over the last five years, based on rolling frequency. However, the Canara Robeco ELSS Tax Saver Fund has been performing in the top third quartile for the past five months.
Mirae Asset Elss Tax Saver Fund
Mirae Asset ELSS Tax Saver Fund is a mutual fund that provides tax benefits and grows your wealth over time. The fund was launched in December 2015. This ELSS fund has delivered a return of approx. 18.3% in the last five years based on rolling returns. Mirae Asset ELSS Tax Saver Fund has been in the top third quartile for the past 11 months.
Invesco India Elss Tax Saver Fund
Invesco India ELSS Tax Saver Fund is a mutual fund that helps you save income tax and grow your wealth. It invests in a mix of stocks, making it a good option for both tax savings and long-term growth. The fund was launched in December 2006. This ELSS fund has delivered a return of around 13.3% in the past five years based on rolling returns. The ELSS fund has been in the top third quartile for the past six months.
Dsp Elss Tax Saver Fund
The fund aims to grow your money over the medium to long term by investing in companies of all sizes, from well-established businesses to promising new ones. The fund was launched in January 2007. The scheme has given a return of around 15% in the last five years based on rolling returns.
Quant Elss Tax Saver Fund
The Quant ELSS Tax Saver Fund is a mutual fund that helps you save taxes under Section 80C of the Income Tax Act. It is a tax-saving fund that invests in equity stocks for potential growth. QUANT ELSS TAX SAVER FUND was launched in April 2000. The fund has delivered a return of approx. 22.6% in the past five years based on rolling returns.
Bank Of India Elss Tax Saver Fund
The Bank of India ELSS Tax Saver Fund is a mutual fund that helps you save taxes and grow your wealth over time. As an Equity Linked Savings Scheme (ELSS), it combines tax benefits with investment growth potential. The fund was launched in February 2009 and delivered a return of approx. 17.2% in the past five years based on the rolling return.
