Know the best ELSS funds to invest in for year 2018-19

Know the best ELSS funds to invest in for year 2018-19

Any smart investor starts planning his saving investment from the beginning of a fiscal year and is pre-planned and prepared when the time for investment comes. ELSS funds have gained quite popularity in recent years as the tax saving mutual fund investment scheme. ELSS helps investors to save money and claim deduction in tax under the Income Tax act Sec 80C.

ELSS is a scheme initiated by the government to encourage long term investment in equity with minimum risk factor.

If you are looking to invest in ELSS, the right time to do so would be at the beginning of the current financial year. In doing so, you will save time and effort looking for ways to save tax and have a semblance of discipline in your financial life.

Since ELSSs depend heavily on the equity or the stock market, the chances of returns are higher and worth the risk. Also, the lock in period compared to other saving schemes is quite lesser, i.e. 3 years only, where as in other schemes it ranges between 6 years to 15 years. In NSC, it is 5 to 10 years depending on the plan, in PPF, it is 15 years and in sukanya samriddhi scheme, it is approximately 11 years.

Here are some of the best ELSS funds that you can invest in for the year 2018-19.

  • Aditya Birla Sun Life Tax Relief 96

Launched in March 2008, the fund is one of the best options for investment in the year 2018. It comes with a moderate level of risk and has given a return of 25.54 %since its initiation.

The fund has received 5 star rating and is rated in the top 3 funds in the ELSS fund. Since the fund has been in the market for 10 years, it is easy to calculate and judge its performance over the years.

Its portfolio includes Sundaram Clayton Ltd, Reliance Industries Ltd, Pfizer Ltd, Honeywell Automation India Ltd, Gillette India Ltd, Bayer CropScience Ltd, and such.

  • Reliance Tax Saver (ELSS) Fund

Rated second best ELSS fund, Reliance Tax Saver (ELSS) Fund is moderately high risk fund and has given a return of 15.46% in the years since its initiation in September 2005. The fund aims to garner higher capital appreciation through funding in equity and its related instruments.

The fund’s portfolio includes ICICI Bank Ltd, HDFC Bank Ltd, Kotak Mahindra Bank Ltd, Larsen & Toubro Ltd, Maruti Suzuki India Ltd, Reliance Industries Ltd, SBI, Infosys Ltd, Grasim Industries Ltd and such.

  • IDFC Tax Advantage (ELSS) Fund

Launched in December 2008, the fund is moderately high risk fund and has given 20.94 % returns over the years. The fund has garnered 4 stars and is among top 3 funds in ELSS.

Its portfolio includesKEC International Ltd,VRL Logistics Ltd, HDFC Bank Ltd, VRL Logistics Ltd, Future Retail Ltd, ICICI Bank Ltd, XMaruti Suzuki India Ltd, CBLO (CCIL) and such.

Editorial Team
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