Best Tax Saver Funds^~

Best Tax Saver Funds^~

1. Quant Tax Plan 

   Quant Tax Plan is an ELSS fund scheme offered by Quant Mutual Fund. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities with high growth potential. 

   This fund has consistently delivered good returns over the years. 

   Also, this fund has a Sharpe ratio of 1.24. The higher the Sharpe ratio of a fund, the better its returns have been relative to the risk it carries.

   Features of the fund:

   • AUM (Fund Size): Currently, the fund is managing an AUM of ₹555 Crores

   • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

   • Exit Load: 0%

   • Lock-in: 3 Years

   • Expense ratio: 0.57%

   Performance of the fund:

   Period	Returns
   1 year	61.61 %
   3 years	36.58%

2. Mirae Asset Tax Saver Fund

   Mirae Asset Tax Saver Fund is an ELSS mutual fund scheme from Mirae Asset Mutual Fund. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities with high growth potential.

   Since its inception, the fund has delivered 20.45% CAGR returns. It has delivered returns consistently without many ups and downs in the portfolio.

   Features of the fund:

   • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 10,087 Crores

   • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

   • Exit Load: 0%

   • Lock-in: 3 Years

   • Expense ratio: 0.43%

   Performance of the fund: 

   Period	Returns
   1 year	35.42%
   3 years	24.85%

3. Canara Robeco Equity Tax Saver

   Canara Robeco Equity Tax Saver is an ELSS mutual fund scheme offered by Canara Robeco. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities with high growth potential. 

   The fund makes investments both in primary and secondary equity markets and may also invest in ADRs or GDRs, which are the overseas markets dealing with investments in equity.

   Features of the fund:

   • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 2,876 Crores 

   • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

   • Exit Load: 0%

   • Lock-in: 3 Years

   • Expense ratio: 0.76%

   Performance of the fund: 

   Period	Returns
   1 year	35.42%
   3 years	25.06 %

4. Invesco India Tax Plan

   Invesco India Tax Plan is an ELSS mutual fund scheme from Invesco Mutual Fund. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities with high growth potential. 

   This fund has been in existence for 15 years, and it was launched on 20/11/2006. Since its inception, it has delivered a return of 15.14% CAGR.

   Features of the fund:

   • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 1,859 Crores 

   • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

   • Exit Load: 0%

   • Lock-in: 3 Years

   • Expense ratio: 0.88%

   Performance of the fund:

   Period	Returns
   1 year	32.38%
   3 years	21.13%

5. UTI Long Term Equity Fund

   UTI Long Term Equity Fund is an ELSS mutual fund scheme from UTI Mutual Fund. It is an open-ended equity fund that invests a minimum of 80% in equity-related instruments and a maximum of 20% in money market instruments and other liquid instruments. 

   This fund aims to create long-term wealth for its investors by investing the majority of funds in equity and equity-related instruments.

   Features of the fund:

   • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 2,977 Crores 

   • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

   • Exit Load: 0%

   • Lock-in: 3 Years

   • Expense ratio: 1.15%

   Performance of the fund: 

   Period	Returns
   1 year	32.75%
   3 years	21.62%

6. DSP Tax Saver

   DSP Tax Saver is an ELSS mutual fund scheme from DSP Mutual Fund. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities. 

   This fund has delivered consistent returns over the years and has invested majorly in the finance, technology, construction, energy, and chemical sectors.

   Features of the fund:

   • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 9,420 Crores 

   • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

   • Exit Load: 0%

   • Lock-in: 3 Years

   • Expense ratio: 0.84%

   Performance of the fund: 

   Period	Returns
   1 year	34.36%
   3 years	22.01%

7. Axis Long Term Equity

   Axis Long Term Equity is an ELSS mutual fund scheme from Axis Mutual Fund. The scheme aims to create long-term wealth and capital growth for its investors by forming a diversified portfolio of equity and equity-related securities. 

   This fund has allocated 78.56% of the money in large-cap stocks, 18.47% in mid-cap stocks, and 1.81% in small-cap stocks. Axis Long Term Equity invests in businesses with high growth and a sustainable business model. 

   Features of the fund: 

   • AUM (Fund Size): Currently, the fund manages an AUM of ₹ 33,529 Crores 

   • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

   • Exit Load: 0%

   • Lock-in: 3 Years

   • Expense ratio: 0.74%

   Performance of the fund: 

   Period	Returns
   1 year	32.75%
   3 years	21.62%

8. Kotak Tax Saver Fund 

   Kotak Tax Saver Fund is an ELSS mutual fund scheme from Kotak Mahindra Mutual Fund. This fund makes investments in companies that have good financial strength, reputation, and a beneficial track record. The fund management selects companies that are relatively less prone to recessions or cycles. 

   Features of the fund:

   • AUM (Fund Size): Currently, the fund has an AUM of ₹ 2,335 Crores 

   • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

   • Exit Load: 0%

   • Lock-in: 3 Years

   • Expense ratio: 0.73%

   Performance of the fund: 

   Period	Returns
   1 year	32.75%
   3 years	21.62%

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