Top 11 Tax Saving Investment in 2023-24.
We analyzed the Top 10 Tax
Saving Mutual funds for Investment in 2023-24, Ranked by Last 5 Years Returns @
28% p.a. & More …
With dual advantage of
tax-saving & potential for better returns than traditional tax-saving
investment products, this category of mutual fund schemes is must have for
every investor. These funds also have the lowest lock-in period of just 3 years
amongst all the options available in Section 80C.
·
Investment up to Rs.1,50,000 every year is eligible
for tax deduction under Section 80C of The Income Tax Act
·
Starting a monthly SIP for long-term gets you a
lifetime guaranteed tax-savings (subject to Rs.1.5 lakh annual limit & no
changes in Tax Laws)
·
Potential for better long-term returns than
traditional options like PPF & Fixed Deposits
2. Mirae Asset Tax Saver Fund Direct-Growth
3. Canara Robeco Equity Tax Saver Direct- Growth
4. Kotak Tax Saver Fund Direct-Growth
5. DSP Tax Saver Direct Plan-Growth
6. Tata India Tax Savings Fund Direct-Growth
7. ICICI Prudential Long Term Equity Fund (Tax Saving) Direct
Plan - Growth
8. Motilal Oswal Long Term Equity Fund Direct-Growth
9. UTI Long Term Equity Fund Direct-Growth
10. Baroda BNP Paribas ELSS Direct-Growth
Disclaimer :
This Video
is only for Education purpose. Please check the source link given in
description to get more details about the Mutual Fund before you invest.
Click for
more details (Source Link ): https://www.etmoney.com/mutual-funds/featured/top-tax-saving-mutual-funds/8
1. Quant Tax Plan Direct - Growth
Return : +28.01
% p.a.
Age : 10+ Years
·
Since
launch, it has delivered 20.07% average annual returns.
·
The
fund has doubled the money invested in it every 3 yrs.
·
The
fund's top 5 holdings are in State Bank of India, ITC Ltd., Ambuja Cements
Ltd., Reliance Industries Ltd., Adani Ports and Special Economic Zone Ltd.
https://www.etmoney.com/mutual-funds/quant-tax-plan-direct-growth/16940
2. Mirae Asset Tax Saver Fund Direct-Growth
·
#
7 in ELSS
·
Return : +17.23
% p.a.
·
Age
: 7+ Years
- Since launch, it has delivered 18.68% average
annual returns.
- The fund has doubled the money invested in it
every 3 yrs.
- The fund's top 5 holdings are in HDFC Bank
Ltd., ICICI Bank Ltd., Reliance Industries Ltd., Infosys Ltd., Axis Bank
Ltd..
Link : https://www.etmoney.com/mutual-funds/mirae-asset-tax-saver-fund-direct-growth/30817
3. Canara Robeco Equity Tax Saver Direct- Growth
·
#
3 in ELSS
·
Return : +16.96
% p.a.
· Age : 10+ Years
·
Since
launch, it has delivered 15.02% average annual returns..
·
The
fund has doubled the money invested in it every 3 yrs.
- The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd.,
Infosys Ltd., State Bank of India, Reliance Industries Ltd..
Link: https://www.etmoney.com/mutual-funds/canara-robeco-equity-tax-saver-direct-growth/16157
4. Kotak Tax Saver Fund Direct-Growth
·
#
6 in ELSS
·
Return : +16.81
% p.a.
·
Age
: 10+ Years
·
Since
launch, it has delivered 15.03% average annual returns.
·
The
fund has doubled the money invested in it every 3 yrs.
·
The
fund's top 5 holdings are in ICICI Bank Ltd., State Bank of India, Axis Bank
Ltd., Reliance Industries Ltd., Infosys Ltd..
Link: https://www.etmoney.com/mutual-funds/kotak-tax-saver-fund-direct-growth/15947
5. DSP Tax Saver Direct Plan-Growth
·
#
7 in ELSS
·
Return :
+16.54 % p.a.
·
Age
: 10+ Years
·
Since
launch, it has delivered 16.35% average annual returns.
·
The
fund has doubled the money invested in it every 3 yrs.
- The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd.,
Infosys Ltd., State Bank of India, Axis Bank Ltd..
Link: https://www.etmoney.com/mutual-funds/dsp-tax-saver-direct-plan-growth/16017
6. Tata India Tax Savings Fund Direct-Growth
·
#
10 in ELSS
·
Return : +15.37
% p.a.
·
Age
: 8+ Years
·
Since
launch, it has delivered 16.32% average annual returns.
·
The
fund has doubled the money invested in it every 3 yrs.
·
The
fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd.,
Reliance Industries Ltd., State Bank of India.
Link: https://www.etmoney.com/mutual-funds/tata-india-tax-savings-fund-direct-growth/28005
7. ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan - Growth
·
#
12 in ELSS
·
Return : +14.33
% p.a.
·
Age
: 10+ Years
·
Since
launch, it has delivered 14.74% average annual returns.
·
The
fund has doubled the money invested in it every 3 yrs.
·
The
fund's top 5 holdings are in ICICI Bank Ltd., Infosys Ltd., Axis Bank Ltd.,
Bharti Airtel Ltd., HDFC Bank Ltd.
8. Motilal Oswal Long Term Equity Fund Direct-Growth
·
#
21 in ELSS
·
Return : +13.78
% p.a.
· Age : 8+ Years
·
Since
launch, it has delivered 14.49% average annual returns.
·
The
fund has doubled the money invested in it every 3 yrs.
·
The fund's top 5 holdings are in Axis Bank
Ltd., Housing Development Finance Corporation Ltd., ICICI Bank Ltd., Ultratech
Cement Ltd., Global Health Ltd..
Link: https://www.etmoney.com/mutual-funds/motilal-oswal-long-term-equity-fund-direct-growth/28672
9. UTI Long Term Equity Fund Direct-Growth
·
#
18 in ELSS
·
Return : +13.66
% p.a.
·
Age
: 10+ Years
·
Since
launch, it has delivered 13.36% average annual returns.
·
The
fund has doubled the money invested in it every 3 yrs.
- The fund's top 5 holdings are in ICICI Bank Ltd., HDFC Bank Ltd.,
Infosys Ltd., Axis Bank Ltd., Bharti Airtel Ltd..
Link: https://www.etmoney.com/mutual-funds/uti-long-term-equity-fund-direct-growth/15290
10. Baroda BNP Paribas ELSS Direct-Growth
·
#
16 in ELSS
·
Return : +11.89
% p.a.
·
Age
: 10+ Years
·
Since
launch, it has delivered 13.73% average annual returns.
·
The
fund has doubled the money invested in it every 6 yrs.
·
The
fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd.,
State Bank of India, Reliance Industries Ltd.
Link: https://www.etmoney.com/mutual-funds/baroda-bnp-paribas-elss-direct-growth/15299
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