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An ELSS (Equity Linked Savings Scheme) is a diversified equity mutual fund which has a majority of the corpus invested in equities with the objective to generate consistent long term returns. Since it is an equity fund, returns from an ELSS fund reflect returns from the equity markets. It is open ended investment for tax saving under Section 80C of Income Tax Act, 1961. In most cases, these funds invest across market capitalization, with a tilt towards the stocks of the large cap category.

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An ELSS (Equity Linked Savings Scheme) is a diversified equity mutual fund which has a majority of the corpus invested in equities with the objective to generate consistent long term returns. Since it is an equity fund, returns from an ELSS fund reflect returns from the equity markets. It is open ended investment for tax saving under Section 80C of Income Tax Act, 1961. In most cases, these funds invest across market capitalization, with a tilt towards the stocks of the large cap category.

Reliance Tax Saver (ELSS) Fund


Equity-Elss

Returns 3Y

11.41%

Returns 5Y

16.82%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

Tata India Tax Savings Fund-Direct Plan


Equity-Elss

Returns 2Y

12.81%

Returns 3Y

17.82%

Min Order

₹500

Min SIP

₹500

Exit load : NIL (w.e.f. 01st January, 2017)

Invest
SIP

Kotak Tax Saver Scheme


Equity-Elss

Returns 2Y

9.74%

Returns 3Y

16.92%

Min Order

₹500

Min SIP

₹500

Exit load : Not Applicable

Invest
SIP

DHFL Pramerica Long Term Equity Fund


Equity-Elss

Returns 1Y

7.98%

Returns 2Y

10.82%

Min Order

₹500

Min SIP

₹500

Exit load : Entry load Nil Exit Load Nil

Invest
SIP

Aditya Birla Sun Life Tax Relief '96


Equity-Elss

Returns 3Y

16.8%

Returns 5Y

19.94%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

Motilal Oswal Long Term Equity Fund (MOFLTE)


Equity-Elss

Returns 2Y

10.01%

Returns 3Y

19.72%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

IDBI Equity Advantage Fund


Equity-Elss

Returns 3Y

12.94%

Returns 5Y

18.71%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

BNP Paribas Long Term Equity Fund


Equity-Elss

Returns 3Y

12.15%

Returns 5Y

16.04%

Min Order

₹500

Min SIP

₹500

Exit load : No Entry / Exit Load during NFO

Invest
SIP

HDFC TaxSaver


Equity-Elss

Returns 3Y

16.02%

Returns 5Y

15.69%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

UTI - Long Term Equity Fund ( Tax Saving )


Equity-Elss

Returns 2Y

8.44%

Returns 3Y

13.8%

Min Order

₹500

Min SIP

₹500

Exit load : 0

Invest
SIP

L&T Tax Advantage Fund


Equity-Elss

Returns 2Y

8.48%

Returns 3Y

15.68%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

DSP Tax Saver Fund


Equity-Elss

Returns 3Y

17.28%

Returns 5Y

19.27%

Min Order

₹500

Min SIP

₹500

Exit load : Entry load Not Applicable Exit load Not Applicable

Invest
SIP

Quantum Tax Saving Fund


Equity-Elss

Returns 3Y

13.93%

Returns 5Y

14.44%

Min Order

₹500

Min SIP

₹500

Exit load : -

Invest
SIP

Essel Long Term Advantage Fund


Equity-Elss

Returns 1Y

11.58%

Returns 2Y

9.3%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

IDFC Tax Advantage (ELSS) Fund


Equity-Elss

Returns 2Y

13.21%

Returns 3Y

17.92%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

BOI AXA Tax Advantage Fund


Equity-Elss

Returns 3Y

14.57%

Returns 5Y

15.15%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

ICICI Prudential Long Term Equity Fund (Tax Saving)


Equity-Elss

Returns 3Y

15.28%

Returns 5Y

17.03%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

Franklin India Taxshield


Equity-Elss

Returns 3Y

13.3%

Returns 5Y

17.44%

Min Order

₹500

Min SIP

₹500

Exit load : Entry Nil; Exit Nil

Invest
SIP

Mahindra Mutual Fund Kar Bachat Yojana


Equity-Elss

Returns 1Y

2.46%

Returns 2Y

4.51%

Min Order

₹500

Min SIP

₹500

Exit load : Entry Load Not applicable SEBI vide its circular no. SEBI/IMD/CIR No. 4/ 168230/09 dated June 30 2009 has decided that there shall be no entry Load for all Mutual Fund Schemes. The upfront commission on investment made by the investor if any shall be paid to the ARN Holder (AMFI registered Distributor) directly by the investor based on the investors assessment of various factors including service rendered by the ARN Holder. Exit Load Nil

Invest
SIP

Edelweiss Long Term Equity Fund (Tax Savings)


Equity-Elss

Returns 1Y

1.86%

Returns 2Y

8.43%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

Axis Long Term Equity Fund


Equity-Elss

Returns 3Y

16.14%

Returns 5Y

19.85%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

Invesco India Tax Plan


Equity-Elss

Returns 2Y

13.4%

Returns 3Y

17.38%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

Canara Robeco Equity Taxsaver Fund


Equity-Elss

Returns 2Y

13.82%

Returns 3Y

16.54%

Min Order

₹500

Min SIP

₹500

Exit load : Exit Load- NIL

Invest
SIP

SBI MAGNUM TAXGAIN SCHEME 1993


Equity-Elss

Returns 3Y

12.47%

Returns 5Y

14.49%

Min Order

₹500

Min SIP

₹500

Exit load : -

Invest
SIP

Indiabulls Tax Savings Fund


Equity-Elss

Returns 6M

1.91%

Returns 1Y

-0.62%

Min Order

₹500

Min SIP

₹500

Exit load : Entry Load- NA Exit Load- NIL

Invest
SIP

Mirae Asset Tax Saver Fund


Equity-Elss

Returns 2Y

16.31%

Returns 3Y

23.95%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

HSBC Tax Saver Equity Fund


Equity-Elss

Returns 2Y

7.37%

Returns 3Y

15.08%

Min Order

₹500

Min SIP

₹500

Exit load : Nil

Invest
SIP

BARODA ELSS 96


Equity-Elss

Returns 2Y

4.37%

Returns 3Y

11.21%

Min Order

₹500

Min SIP

₹500

Exit load : -

Invest
SIP

Sundaram Diversified Equity


Equity-Multi-Cap

Returns 2Y

6.87%

Returns 3Y

14.61%

Min Order

₹500

Min SIP

₹250

Exit load : Nil

Invest
SIP

Who should invest in

Individuals who are seeking financial growth and want to use of savings for tax exemptions should invest. It has potential of giving high returns as it is equity linked. There is no maximum limit to invest in this fund, but tax benefit is available for investment up to Rs.1.5Lacs.


How long should you stay invested in ?

Minimum Lock in period is 3 Years from the date of investment. Ideal time period is 5 Years. Based upon the performance at the end of lock in period the call can be taken to remain invested or switch


How to invest in ?

You can click on the link in Jama.co.in and choose the desired fund. You can also take your free risk profile assessment which then advises you on the percentage asset allocation you should have in. Click on invest button from there and continue to make the investment.

Invest only in direct plans of small cap funds and take the advice of a SEBI Registered Investment advisor to invest in the right funds.




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