Best mutual funds: These ELSS schemes gave over 20% returns in past 3 years (2024)

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Best mutual funds: These ELSS schemes gave over 20% returns in past 3 years? ›

The top performing mutual funds over the last three years include Nippon India Small Cap Fund, Quant Small Cap Fund, HSBC Small Cap Fund, Tata Small Cap Fund, and ICICI Pru BHARAT 22 FOF.

The top performing mutual funds over the last three years include Nippon India Small Cap Fund, Quant Small Cap Fund, HSBC Small Cap Fund, Tata Small Cap Fund, and ICICI Pru BHARAT 22 FOF.

Quant Small Cap Fund(G) tops the chart with over 39% returns followed by Quant Mid Cap Fund(G), Nippon India Small Cap Fund(G), Quant Flexi Cap Fund(G) and Motilal Oswal Midcap Fund-Reg(G) in the same pecking order. 1.

ELSS investments held for more than three years are considered Long-Term Capital Assets and any gains from redemption are subject to Long-Term Capital Gains Tax (LTCG) at a rate of 10% on gains exceeding Rs 1 lakh. Additionally, the gains are eligible for indexation benefits, reducing the tax liability.

1. Current NAV: The Current Net Asset Value of the Nippon India Small Cap Fund as of May 31, 2024 is Rs 156.25 for Growth option of its Regular plan. 2. Returns: Its trailing returns over different time periods are: 59.02% (1yr), 33.73% (3yr), 31.5% (5yr) and 22.39% (since launch).

Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 35.04% & 32.21%. The Nippon India Small Cap Fund comes under the Equity category of Nippon India Mutual Funds.

Once you invest in an ELSS tax mutual fund, your money is locked in for three years. The time period is non-negotiable, which means you cannot remove the invested amount until after three years. Hence, if you want the option of premature withdrawal, you may not want to invest in ELSS funds.

ELSS has higher returns potential, but also higher risk and volatility, while PPF has lower returns, but also lower risk and stability. ELSS is taxed at 10% on long-term capital gains exceeding Rs. 1 lakh per year, while PPF is tax-free at all stages.

The equity exposure of the ELSS funds gives you an opportunity to earn excellent returns on staying invested for at least five years. ELSS mutual funds come with a lock-in period of just three years, which happens to be the shortest among all tax-saving investment options under Section 80C of the Income Tax Act, 1961.

In a five year and 10-year horizon, the ELSS category offered an average return of 18.50% and 17.05% respectively. “ELSS funds have the capacity to yield returns surpassing those of simple savings schemes. Data shows that the ELSS category has delivered 15-16% returns on average over the last 10 years.

Is ELSS better than PPF? ›

ELSS has higher returns potential, but also higher risk and volatility, while PPF has lower returns, but also lower risk and stability. ELSS is taxed at 10% on long-term capital gains exceeding Rs. 1 lakh per year, while PPF is tax-free at all stages.