You can save tax by investing in ELSS mutual fund schemes
Top 5 ELSS Tax Saver Mutual Fund Schemes: A slight recovery is being seen in the Indian stock market today. By 12.45 pm on Friday, BSE Sensex was trading around 78,790 points with a gain of about 320 points and NSE Nifty was trading around 23,850 points with a gain of about 100 points. Let us tell you that the Indian stock market is going through a very bad phase these days. BSE Sensex is about 7200 points below its lifetime high of 85,978.25, while on the other hand, Nifty 50 is also trading about 2400 points below its lifetime high of 26,277.35.
You can save tax by investing in ELSS mutual fund schemes
However, even in this period of decline in the stock market, there are many mutual fund schemes which have given strong returns in the last one year. Today we will learn about those ELSS mutual fund schemes which have made investors rich in the last one year. Among these, there is a scheme which has given a return of 52.14% in the last one year. The most important thing about ELSS funds is that you can also save tax on the returns received in it. Along with this, you also have to keep in mind that ELSS mutual funds come with a lock-in period of 3 years.
SBI Long Term Equity Fund
According to AMFI data, the Direct Plan of SBI Long Term Equity Fund has given a return of 31.24 percent in the last 1 year.
Whiteoak Capital ELSS Tax Saver Fund
WhiteOak Capital ELSS Tax Saver Fund’s Direct Plan has given returns of 31.38% in the last 1 year.
JM ELSS Tax Saver Fund
JM ELSS Tax Saver Fund’s Direct Plan has given returns of 31.43 percent in the last 1 year.
HSBC ELSS Tax Saver Fund
HSBC ELSS Tax Saver Fund’s Direct Plan has given returns of 35.22 percent in the last 1 year.
Motilal Oswal ELSS Tax Saver Fund
Motilal Oswal ELSS Tax Saver Fund’s Direct Plan has given a return of 52.14 percent in the last 1 year.
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