10 ELSS Schemes With 20%+ Returns in the Last 3 Years

ELSS or Equity-Linked Savings Scheme funds are funds that invest majorly in equity and equity-related schemes. These funds not only offer competitive returns but also offer tax benefits of up to Rs. 1.50 lakh under section 80C. In this article, we will bring you the top 10 ELSS Schemes that have given more than 20% returns in the last 3 years.

10 ELSS Funds Which Gave 20%+ Returns in the Last 3 Years

Here is the list of best ELSS mutual funds that have given 20%+ returns in the last 3 years.

Bandhan ELSS Tax Saver Fund – Direct Plan-Growth

The Scheme is suitable for those who want tax benefits and higher returns. Some of the top stocks in the portfolio are Axis Bank, Bharti Airtel, Tata Motors etc.

• NAV: ₹165.285
• Fund size: ₹6432.29 Cr
• Expense Ratio: 0.64%
• 1-year return: 35.14%

3-year Return: 21.18%

HDFC ELSS Tax Saver – Direct Plan-Growth

The fund is currently managed by the fund manager Roshi Jain and was launched on 1st Jan 2013. The Scheme has the benchmark index as Nifty 500 TRI. The scheme has some of the top companies in its portfolio like SBI, HDFC Bank, Cipla Ltd, HCL Technologies etc.

• NAV: ₹1407.373
• Fund size: ₹14474.85 Cr
• Expense Ratio: 1.13%
• 1-year return: 38.88%

3-year Return: 21.27%

Franklin India ELSS Tax Saver Fund – Direct Plan-Growth

The scheme has invested 96.82% of the funds in domestic equities. The fund is managed by the fund managers Rajasa Kakulavarapu and R Janakiraman. The fund managers of this scheme had held the stocks and bonds in the portfolio longer than their peers.

• NAV: ₹1502.57
• Fund size: ₹6383.38 Cr
• Expense Ratio: 1.01%
• 1-year return:  44.46%
• 3-year Return:  21.60%

ITI ELSS Tax Saver Fund – Direct Plan-Growth

This is a relatively new scheme launched on 18th Oct 2019. Dhimant Shah and Vishal Jajoo are the fund managers taking care of the scheme. The fund has investments in 57 stocks out of which some of the top stocks are Zomato, ICICI Bank, SBI, etc.

• NAV: ₹25.68
• Fund size: ₹325.14 Cr
• Expense Ratio: 0.48%
• 1-year return:  56.87%

3-year Return:  20.22%

SBI Long Term Equity Fund – Direct Plan-Growth

The fund has 91.99% of its investment in equity holdings and some of the top stocks it holds are Torrent Power, Reliance Industries Ltd, Gail India Limited, etc. Presently it is managed by the fund manager Dinesh Balachandran.

• NAV: ₹434.26
• Fund size:  ₹23411.67 Cr
• Expense Ratio:  0.94%
• 1-year return:  61.49%

3-year Return:  28.28%

Motilal Oswal ELSS Tax Saver Fund – Growth

The scheme has around 98.53% of investment in domestic equities. Out of this 35.05% is in Mid-cap stocks. Niket Shah and Rakesh Shetty are currently the fund managers of the scheme.

• NAV: ₹45.61  
• Fund size: ₹3402.11 Cr
• Expense Ratio:  1.85%
• 1-year return:  53.93%
• 3-year Return:  23.76%

Kotak ELSS Tax Saver Fund – Direct Plan-Growth

This is the scheme having 59.25% investment in large-cap stocks and 13.01% in small-cap stocks. Maruti Suzuki India Ltd, Axis Bank Ltd, Bosch Ltd, Reliance Industries Ltd, etc are some of the top stocks in the portfolio of the fund.

• NAV: ₹ 129.89
• Fund size:  ₹5608.21
• Expense Ratio: 0.58%
• 1-year return:  41.29%

3-year Return:  22.25%

JM ELSS Tax Saver Fund – Growth

The scheme came into existence on 23rd April 2008 and had BSE 500 as the benchmark index. Some of the top holdings in the portfolio are Bharti Airtel Ltd, State Bank of India, HDFC Bank Ltd, and more.

• NAV: ₹45.34
• Fund size: ₹146.14 Cr
• Expense Ratio: 2.37%
• 1-year return:  44.86%

3-year Return:  21.86%

Quant ELSS Tax Saver Fund – Growth

The fund has some of the top companies in the portfolio like Jindal Steel & Power Ltd, TCS, Britannia Industries, Adani Power, etc. The equities contribute 95.05% of the total investment in the funds.

• NAV: ₹431.88
• Fund size:  ₹9360.89 Cr
• Expense Ratio:  0.77%
• 1-year return:  60.74%

3-year Return:  28.46%

Bank of India ELSS tax Saver – Direct Plan-Growth

The fund came into existence on 2nd Jan 2013. Alok Singh is currently the fund manager of the scheme. The fund has BSE 500 TRI as the benchmark index.

• NAV: ₹ 186.78
• Fund size: ₹1297.72 Cr
• Expense Ratio: 0.99%
• 1-year return: 54.02%
• 3-year Return:  24.49%

Conclusion

In this article, we have explained to you about the top 10 ELSS funds in India. ELSS funds are a suitable investment option for those planning to invest for long-term goals. You can buy mutual funds online through the Dhan app. It is India’s one of the leading investment platforms.