Scheme type
AMC
Risk appetite
Rating
Returns
Min. investment
Rs. 500.0
5 Year Returns
28.53%
Min. investment
Rs. 500.0
5 Year Returns
26.37%
Min. investment
Rs. 500.0
5 Year Returns
25.80%
Min. investment
Rs. 500.0
5 Year Returns
25.59%
Min. investment
Rs. 500.0
5 Year Returns
24.70%
Min. investment
Rs. 500.0
5 Year Returns
24.59%
Min. investment
Rs. 500.0
5 Year Returns
24.22%
Min. investment
Rs. 500.0
5 Year Returns
24.14%
Min. investment
Rs. 500.0
5 Year Returns
23.70%
Min. investment
Rs. 500.0
5 Year Returns
23.26%
Min. investment
Rs. 500.0
5 Year Returns
22.84%
Min. investment
Rs. 1000.0
5 Year Returns
22.83%
Frequently asked questions
Is ELSS taxable after 3 years?
The three-year lock-in period for ELSS funds prevents the realisation of short-term financial gains. You can only realise long-term capital gains as a result. Any up to Rs 1 lakh per year are tax-free, and gains over this amount are subject to a 10% long-term capital gains tax.
Why do I need to lock-in my funds for three years?
ELSS products have a 3-year lock-in. This is built in the structure of the scheme as it's a requirement imposed by the Central Board of Direct Taxes (CBDT).
Is ELSS risk free?
Because they both participate in the equity markets, ELSS funds carry comparable risk to equity funds and are essentially diversified equity funds. However, ELSS funds also have a three-year lock-in period following investment during which the fund's assets cannot be withdrawn, in addition to the implied equity risk component.
Should I invest in ELSS Mutual Funds?
Investing in ELSS Mutual Funds can be beneficial for tax planning as they offer tax deductions under Section 80C. Additionally, ELSS has the potential for capital appreciation, making it a popular choice for long-term investors.
How long should I stay invested in ELSS Mutual Funds?
It is advisable to stay invested in ELSS Mutual Funds for a minimum lock-in period of three years to avail of the tax benefits. However, considering the potential for higher returns, investors often choose to stay invested for a longer horizon.
Where do ELSS Mutual Funds invest?
ELSS Mutual Funds invest at least 80% of their corpus in equity and equity-related instruments. The portfolio may include stocks across market capitalizations and sectors, offering investors exposure to diversified assets.
What kind of returns can I earn from ELSS?
ELSS Mutual Funds, being equity-oriented, have the potential for attractive returns., but it is important to note that these funds are highly volatile. The actual returns, however, depend on market performance and the fund's strategy. Historically, ELSS funds have provided competitive returns compared to traditional tax-saving instruments.
