Top Tax-Saving ELSS Funds

Equity-linked savings schemes (ELSS) are very popular for tax savings. They fall under Section 80C of the Income Tax Act. ELSS funds mainly invest in equity markets. They provide two key benefits: wealth creation and tax savings. Additionally, they have a lock-in period of only three years, which is the shortest among tax-saving options.

Some ELSS funds have shown outstanding performance. They have strong management and competitive expense ratios. Here are some top-performing ELSS funds to consider:

• Quant ELSS Tax Saver Fund: Known for its high returns and aggressive growth approach.
• Axis Long Term Equity Fund: A large-cap-focused ELSS fund with a strong long-term track record.
• Canara Robeco Equity Tax Saver Fund: Offers balanced exposure with relatively lower volatility.
• Mirae Asset Tax Saver Fund: Popular for steady returns and a low expense ratio.
• DSP Tax Saver Fund: Diversified portfolio with a focus on long-term wealth creation.

These funds are ideal for salaried individuals and long-term investors seeking to save on taxes while building a robust equity portfolio.