Best ELSS Funds To Invest in 2019 By Value Research Online

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Everyone is talking about go for ELSS fund if you don’t know What is ELSS Fund then this article is for you. Full Form of ELSS is Equity Linked Saving Schemes. Main Purpose of ELSS fund is to save your tax and Grow your money with good amount of tax.  If you invest in ELSS and save your tax upto Rs. 1.5 lakh  under Section 80C of IT .  Only one rule is against ELSS which is 3 year lock in period. 

Before I explain the way to pick the best mutual fund, let me make it clear that it is not a rocket science. Anyone with basic knowledge of math can pick the Best ELSS Funds To Invest with some level of research.

Always  make goal before investing in any mutual fund. if you want to save money for your child education then go buy mutual fund according to this. if you want to save money for your retirement then buy mutual for your retirement purpose.

Best ELSS Funds To Invest-min

My point is that you should know how much money you need after how many year later. You can check our Free SIP calculator online.

For example : if i want to save money for my retirement then i need approx. 2 crore after 25 year. then you can easily go with SIP. in below image you can clearly see that if you start SIP of 15,000 Rs for 25 year and rate of return is only 10% then you can easily save 2.01 Crores.

So this example clear that if you need 2.01 Crores then start SIP right now in any mutual fund which give 10 to 15% return.

 

sip calculator online

 

Now we move to our ELSS fund. these fund main focus is save Tax and also give you great return. if you can compare ELSS with other option like PF, FD, RD then ELSS fund is clearly winner.

Check out Some Best ELSS Funds To Invest in 2019

Before giving any fund detail i want to clear one thing is that all ELSS funds hand picked from Value Research Online Website. which is very popular among invester and stock broker and trader for review rating of any stock or funds.

 

Check out the below mention all ELSS fund whose rating start from 5 start to 3 star. these star is only provided by valueresearchonline.com. Every website have different Below images also mention funds launch date, expense ratio, 1 year return and net assets.

Always check the expense ratio before investing in the mutual funds. A high expense ratio mutual fund should be avoided as it will directly impact your returns. Any expense ratio below 1% is good. 1–1.5% is ok and above 1.5% is bad.

 

93% of investment is done by people with an agent where they are paying a commission to the agent and only a few people are smart enough to invest directly. So become smart and buy mutual fund from direct company.

1. Aditya Birla Sun Life Tax Relief 96 – Direct Plan

This is One of the oldest ELSS funds, this fund sported a three-star rating for many years but has shown a material improvement in performance since 2014,  after Ajay Garg as Fund manager this fund reached to new level.

The investment philosophy of the fund is to invest in quality companies.

 

Aditya Birla Sun Life Tax Relief Performance

 

Aditya Birla Sun Life Tax Relief Top Holding

 

If you want to go for Aditya Birla Sun Life Tax Relief 96  Then Click Here for Official Website.

2. Axis Long Term Equity Fund-Direct Plan

This is an Equity Mutual Fund. 

 

I had a quick look at all ELSS and their historical returns until 5 years. Axis returns were highest with 28.5%.

Axis Long Term Equity Fund Performance

 

Axis Long Term Equity Fund Holding

Axis Long Term Equity Fund holding

If you want to know the official website Axis Long Term Equity Fund-Direct then check this link. i have spend approx. 10 mint to find Axis Long Term Equity Fund-Direct plan link from their home website.

3. Invesco India Tax Plan – Direct Plan

This is another best ELSS fund by Invesco India Tax Plan. in which most of holding company is Mid cap. Expense ratio is .99%. valueresearchonline.com give only 5 Star for this mutual fund.

Invesco India Tax Plan Performance

 

Invesco India Tax Plan Holding

 

If you want to know the official website Invesco India Tax Plan -Direct then check this link. i have spend approx. 10 mint to find Invesco India Tax Plan-Direct plan link from their home website.

4. Mirae Asset Tax Saver Fund – Direct Plan

This is another best ELSS fund by Mirae Asset Tax Saver Fund. Expense ratio is .80%. valueresearchonline.com give only 5 Star for this mutual fund.

The scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

 

Mirae Asset Tax Saver Fund Performance

Mirae Asset Tax Saver Fund Holding

 

If you want to know the official website Mirae Asset Tax Saver -Direct then check this link. i have spend approx. 10 mint to find Mirae Asset Tax Saver link from their home website.

5. Motilal Oswal Long Term Equity Fund – Direct

This is another best ELSS fund by Motilal Oswal Long Term Equity Fund. Expense ratio is .74%. valueresearchonline.com give only 5 Star for this mutual fund.

The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

Motilal Oswal Long Term Equity Fund Performance

Motilal Oswal Long Term Equity Fund Holding

If you want to know the official website Motilal Oswal Long Term Equity Fund -Direct then check this link. i have spend approx. 10 mint to find Motilal Oswal Long Term Equity Fund link from their home website.

 

 

6. Quant Tax Plan – Direct Plan

This is another best ELSS fund by Quant Tax Plan Fund. Expense ratio is 1.90 %. valueresearchonline.com give only 5 Star for this mutual fund.

The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.

Quant Tax Plan Performance

Quant Tax Plan Holding

 

If you want to know the official website Quant Tax Plan -Direct then check this link. i have spend approx. 10 mint to find Quant Tax Plan Fund link from their home website.

 

7.  IDFC Tax Advantage (ELSS) Fund – Direct

This is another best ELSS fund by IDFC Tax Advantage. Expense ratio is  .40 %. valueresearchonline.com give only 5 Star for this mutual fund.

The scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.

IDFC Tax Advantage (ELSS) Fund Performance

IDFC Tax Advantage (ELSS) Fund Holding

 

 

If you want to know the official website IDFC Tax Advantage -Direct then check this link. i have spend approx. 10 mint to find IDFC Tax Advantage Fund link from their home website.

8. Tata India Tax Savings Fund – Direct Plan

This is another best ELSS fund by Tata India Tax Savings. Expense ratio is  .46 %. valueresearchonline.com give only 5 Star for this mutual fund.

The scheme seeks long-term capital growth. Investments in equity would be at least 80 per cent of the corpus, while allocation to debt and money market instruments can go up to 20 per cent.

Tata India Tax Savings Fund Performance

 

Tata India Tax Savings Fund holding

 

If you want to know the official website Tata India Tax Savings Fund -Direct then check this link. i have spend approx. 10 mint to find Tata India Tax Savings Fund link from their home website.

9. BNP Paribas Long Term Equity Fund – Direct Plan

This is another best ELSS fund by BNP. in which most of holding company is large cap. Expense ratio is 1.03%. valueresearchonline.com give only 2 Star for this mutual fund.

BNP Paribas Long Term Equity Fund performance

 

 

BNP Paribas Long Term Equity Fund Holding

If you want to know the official website BNP Paribas Long Term Equity Fund -Direct then check this link. i have spend approx. 10 mint to find BNP Paribas Long Term Equity Fund-Direct plan link from their home website.

 

10. BOI AXA Tax Advantage Fund – Direct Plan

This is another ELSS fund by BOI. In which most of holding company is 43% company is mid cap. Expense ratio is 1.66%. valueresearchonline.com give only 2 Star for this mutual fund.

BOI AXA Tax Advantage Fund performance

 

BOI AXA Tax Advantage Fund Direct Plan Holding

 

If you want to know the official website BOI AXA Tax Advantage Fund-Direct then check this link. i have spend approx. 10 mint to find BOI AXA Tax Advantage Fund-Direct plan link from their home website.

11. Canara Robeco Equity Tax Saver Fund – Direct Plan

This is another ELSS fund by Canara Robeco. In this mutual fund company share is equally divided into all type of cap. Expense ratio is 1.52%. valueresearchonline.com give only 3 Star for this mutual fund.

Canara Robeco Equity Tax Saver Fund Performance

Canara Robeco Equity Tax Saver Fund Holding

 

If you want to know the official website Canara Robeco Equity Tax Saver Fund-Direct then check this link. i have spend approx. 10 mint to find Canara Robeco Equity Tax Saver Fund-Direct plan link from their home website.

if you want to see complete list of ELSS fund then you can click here.

 

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Written by

Namdev Verma

Namdev Verma is the man behind Sipcalculatoronline.in. Currently I am live in UK and worked as Investment Consultant. if you have any query related to SIP or Mutual Fund then ping me or msg me.

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