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All about elss mutual funds
- 1. All About ELSSMutual Funds
- 2. What Are ELSSFunds ? (Equity-Linked Savings Scheme) An ELSS fund is the only kind of mutual funds eligible for tax deductions under the provisions of Section 80C of the Income Tax Act, 1961.
- 3. Who Should InvestIn ELSS ? ELSS funds are ideal for those with a medium to high appetite as they provide tax benefits under section 80C of the Income Tax Act
- 4. Top 5 ELSSFunds Based on AUM Axis Long Term Equity Fund Aditya Birla Sun Life Tax Relief '96 Mirae Asset Tax Saver Fund ICICI Prudential Long Term Equity Fund DSP Tax Saver Fund
- 5. Axis Long TermEquity Fund Sector Allocation Finance 19.72% Retailing 15.97% Internet And Technology 12.80% Banks 8.97% Pharmaceuticals 6.78% Auto Ancillaries 5.51% 5 Year Returns : 15.62% Fund Size : ₹33,785 Cr.
- 6. Aditya Birla SunLife Tax Relief '96 Sector Allocation Banks 16.73% Pharmaceuticals 12.06% Petroleum Products 8.69% Consumer Staples 8.15% Industrial Capital Goods 7.77% Finance 7.43% 5 Year Returns : 10.50% Fund Size : ₹14,463 Cr.
- 7. Mirae Asset TaxSaver Fund Sector Allocation Banks 25.28% Internet And Technology 14.41% Finance 5.70% Petroleum Products 5.66% Consumer Durables 5.25% Insurance 4.93% 5 Year Returns : 18.70% Fund Size : ₹10,660 Cr.
- 8. ICICI Prudential LongTerm Equity Fund Sector Allocation Banks 21.87% Internet And Technology 17.52% Finance 7.52% Automobiles 6.67% Telecom 5.64% Insurance 5.62% 5 Year Returns : 13.53% Fund Size : ₹9,965 Cr.
- 9. DSP Tax SaverFund Sector Allocation Banks 27.22% Internet And Technology 10.38% Finance 6.34% Pharmaceuticals 6.21% Consumer Durables 5.42% Automobiles 4.43% 5 Year Returns : 14.96% Fund Size : ₹9,636 Cr.