Best Performing ELSS Mutual Funds in 3 years (August 2023): 13 schemes with 25% to 35% SIP returns

financialexpress.com:

Best-performing ELSS Mutual Funds in 3 years (till August 22, 2023): Direct and regular plans of most of the tax-saving ELSS funds have given double-digit annualised returns in 3 years. However, not all of them have been able to beat their respective benchmark indices.

Data on the website of the Association of Mutual Funds in India (AMFI) on August 23 shows direct plans of as many as 13 ELSS Mutual Funds have given over 23% annualised returns in 3 years. The regular plans of these schemes have also given over 23% annualised returns in this duration.

Following is the list of 13 top-performing ELSS mutual fund schemes in 3 years, as per AMFi website data tracked till August 22, 2023.

Quant Tax Plan

The direct plan of Quant Tax Plan has given 35.48% returns while the regular plan has given 33.07% returns in 3 years. The scheme tracks NIFTY 500 Total Return Index, which has given 22.81% returns in three years.

Bandhan Tax Advantage (ELSS) Fund

The direct plan of Bandhan Tax Advantage (ELSS) Fund has given 31.05% returns while the regular plan has given 29.56% returns in 3 years. The scheme tracks S&P BSE 500 Total Return Index, which has given 23.04% returns in three years.

Also Read: Best-performing Flexi Cap Funds in 3 years (August 2023): 10 schemes with 23% to35% SIP returns

Franklin India Taxshield Fund

The direct plan of Franklin India Taxshield Fund has given 26.64% returns while the regular plan has given 25.56% returns in 3 years. The scheme tracks NIFTY 500 Total Return Index, which has given 22.81% returns in three years.

Mahindra Manulife ELSS Fund

The direct plan of Mahindra Manulife ELSS Fund has given 26.59% returns while the regular plan has given 24.48% returns in 3 years. The scheme tracks NIFTY 500