This fund is able to generate a 28% return over the last 10 years. Reasons to Invest: Aditya Birla Sun Life Tax Relief 96 is more than 2 decades old mutual fund consistently beating its benchmark S&P BSE 200. The mid-cap weights are higher than peers. The fund has maintained a 55-60 % of large-cap stocks, 35-40% of mid-cap stocks, with a marginal small-cap allocation. The AUM of the fund is as high as Rs.5,879 crores and the expense ratio of the fund is at par with other funds at 2.46%.įund Allocation: Axis Long Term Equity Fund portfolio allocation comprises 3.50% of debt instruments and remaining 96.50% of equity. Axis Long Term Equity Fund has given a return of around 21.50% over the past 10 years. Reasons to Invest: Axis Long Term Equity Fund is a clear winner amongst the ELSS Tax Savings Mutual Funds category (not considering Mirae Asset Tax Saver in the competition). Read: 10 Best SIP Mutual Funds in India to Invest in 2020 #1. I haven’t included in the list because it is just 4 years old but it has outperformed every other ELSS fund in the list. SBI Magnum Constant Maturity Fund Regular GrowthĪnother plan that is worth mentioning here is the Mirae Asset Tax Saver Fund with a 15.93% return in 3 years. Tata India Tax Savings Fund Regular Growth BNP Paribas Long Term Equity Fund (ELSS) Growth
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