Top 5 ELSS Funds to Invest in 2022

Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund Direct-Growth is an ELSS scheme that was started in November 2015. It has around 10,972 crores INR worth of assets under management, as reported in December 2021. This medium-sized fund has an expense ratio of 0.41 per cent, which is less than many other ELSS funds.
 

1) Mirae Asset Tax Saver Fund has delivered returns of 19.51 per cent in the last year.
2) It has doubled the investment every two years and has delivered 21.76 per cent average annual returns since inception.
3) Its loss control ability is above-average in the market.
4) Most of its funds are invested in energy, construction, finance, technology, and automobile sectors.
5) Its net asset value (NAV) is 33.51 INR as of February 16, 2022.

Quant Tax Plan

Quant Tax Plan Direct-Growth was launched in January 2013 and had about 789 crores INR worth of assets, as of December 2021. It is a small fund in its category with an expense ratio of 0.57 per cent.

1) Its returns from last year were 50.70 per cent.
2) It has delivered average annual returns of 21.86 per cent since launch and doubled its investment every two years.
3) It has a high loss control capability.
4) Most of its money is invested in finance, FMCG, metals, services, and construction sectors.
5) Its NAV is 237.3 INR as of February 16, 2022.

Canara Robeco Equity Tax Saver Fund

Canara Robeco Equity Tax Saver Direct-Growth was launched in January 2013 and had over 3,209 crores INR worth of assets, as of December 2021. It is a medium-sized fund with an expense ratio of 0.74%.

1) It provided returns of 17.98 per cent last year.
2) Its average annual returns are 16.67 per cent and it has double the money invested in it every two years.
3) Its loss control ability is above average in a falling market.
4) Most of its investment is in the financial, automobile, energy, construction, and technology sectors.
5) Its NAV is 122.91 INR as of February 16, 2022.

DSP Tax Saver Fund

DSP Tax Saver Direct Plan-Growth was launched in January 2013 and had over 9,856 crores INR worth of assets as of December 2021. It has an expense ratio of 0.87 per cent and is a medium-sized fund in its category.

1) Its returns from last year were 22.40 per cent.
2) It has offered an average annual return of 17.89 per cent since inception.
3) It has doubled its money in two years, with an above-average ability to control losses.
4) Its funds are invested in energy, healthcare, finance, technology, and construction sectors.
5) Its NAV on February 16, 2020, was 86.4 INR.

PGIM India ELSS Tax Saver Fund

PGIM India ELSS Tax Saver Fund Direct-Growth was launched in October 2015 and had around 353 crores INR worth of assets as of December 2021. This medium-sized fund has an expense ratio of 1 per cent, which is at par with other ELSS funds.

1) Its returns from last year were 26.65 per cent.
2) It has delivered an average annual return percentage of 16.52 since inception. 
3) Its capability to control losses in a falling market is above-average, and it has doubled its investment every two years.
4) Most of its funds are invested in the financial, technology, healthcare, construction, and energy sectors.
5) Its NAV was 25.76 INR on February 16, 2022.
 

Choose an ELSS Fund and Invest!

An ELSS fund, while possessing risks, gives you one of the best chances to grow your money and get high returns quickly. If you are looking for a long-term investment opportunity that can withstand market conditions, choose the most suitable ELSS fund and start investing now!

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