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Best ELSS Mutual Funds 2024

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ELSS or equity linked savings scheme is like any other equity mutual fund scheme, with a crucial difference of offering tax benefits. An ELSS gives you tax deduction benefit of up to ₹1.5 lakh under Section 80C.
Decizen Rating (Understand the Method):- P: Performance, Q: Quality, UP: Upside Potential
12.23
58
17.2
28 Dec' 22
26.4
N/A
N/A
N/A
24.70
N/A
N/A
N/A
Unlock
50.61
15,006
10.7
10 Mar' 08
29.85
9.12
10.85
9.79
15.99
14.64
13.55
14.09
Unlock
50.61
15,006
10.6
10 Mar' 08
29.85
9.12
10.85
9.79
15.99
14.64
13.55
14.09
Unlock
84.03
34,025
16.1
29 Dec' 09
29.59
9.65
14.12
11.28
18.73
17.68
16.77
16.44
Unlock
136.50
6,140
18.7
26 Dec' 08
38.16
21.78
21.06
14.85
20.77
17.74
15.44
15.51
Unlock
148.60
1,150
19.6
25 Feb' 09
50.65
23.61
25.66
15.97
19.90
16.88
14.31
14.14
Unlock
23.72
64
15.2
19 Feb' 18
47.43
22.2
23.59
N/A
19.42
22.87
16.67
N/A
Unlock
28.36
34
21.1
19 Oct' 18
49.05
21.78
22.3
N/A
22.96
23.20
20.64
N/A
Unlock
79.60
836
12.1
05 Jan' 06
38.84
15.36
17.34
11.41
16.61
14.94
13.96
12.71
Unlock
149.70
7,333
19.2
02 Feb' 09
30.72
16.19
19.55
13.4
17.84
15.91
14.48
14.22
Unlock
111.49
14,147
15.1
18 Jan' 07
39.6
20.28
20.54
14.97
19.82
17.52
15.62
15.21
Unlock
93.26
316
15.8
30 Dec' 08
33.34
16.32
16.46
11.18
15.65
13.91
12.49
12.54
Unlock
1253.16
6,144
21.3
10 Apr' 99
43.48
21.02
18.52
12.81
18.24
15.42
13.97
14.51
Unlock
17.96
44
9.8
28 Dec' 17
36.54
16.06
14.61
N/A
10.53
12.12
9.28
N/A
Unlock
1152.93
13,820
23.6
31 Mar' 96
43.7
24.96
18.6
12.1
17.69
13.84
12.09
12.69
Unlock
107.87
3,680
14.1
27 Feb' 06
37.58
17.13
16.28
12.22
16.57
14.18
13.02
13.52
Unlock
75.14
223
12.4
05 Jan' 07
40.44
18.37
17.31
11.82
16.90
14.66
13.10
13.00
Unlock
785.36
12,895
19.4
19 Aug' 99
34.19
17.49
17.29
12.13
17.94
15.72
14.36
14.43
Unlock
24.36
38
15.9
23 Mar' 18
40.21
21.1
19.2
N/A
16.49
18.05
14.53
N/A
Unlock
105.31
2,545
14.6
29 Dec' 06
40.42
16.08
17.26
12.71
18.45
16.33
15.21
15.25
Unlock
20.78
279
17.9
18 Oct' 19
48.2
16.85
N/A
N/A
20.84
16.90
N/A
N/A
Unlock
39.96
121
9
31 Mar' 08
42.69
19.99
20.54
14.62
19.74
16.55
13.94
13.33
Unlock
101.00
5,050
13.4
23 Nov' 05
34.08
19.35
19.29
13.51
18.80
15.69
13.68
12.53
Unlock
126.05
1,011
10.1
31 Mar' 98
29.52
15.37
14.99
10.46
15.85
13.70
12.05
10.70
Unlock
24.66
790
12.9
18 Oct' 16
30.6
18.54
17.6
N/A
13.51
13.19
12.05
N/A
Unlock
40.59
21,302
18.5
28 Dec' 15
34.02
17.18
19.84
N/A
19.88
17.55
17.51
N/A
Unlock
41.04
3,120
16.6
21 Jan' 15
49.93
22.09
20.16
16.09
16.55
13.87
12.10
16.01
Unlock
25.44
63
12
30 Dec' 15
29.65
14.52
13.72
N/A
12.82
10.60
10.39
N/A
Unlock
12.97
39
28.9
20 Mar' 23
N/A
N/A
N/A
N/A
26.78
N/A
N/A
N/A
Unlock
108.86
14,288
13.8
21 Sep' 05
39.14
20.04
15.88
8.99
19.27
14.78
13.06
13.80
Unlock
13.22
176
42.8
16 Jun' 23
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Unlock
26.15
2,997
22.8
24 Jul' 19
33.33
22.73
N/A
N/A
26.20
24.51
N/A
N/A
Unlock
29.76
643
14
11 Dec' 15
21.98
16.41
17.06
N/A
15.81
14.16
13.89
N/A
Unlock
347.68
7,770
15.9
13 Apr' 00
56.19
31.64
32.11
21.63
26.98
21.13
15.96
11.96
Unlock
105.19
170
16.5
23 Dec' 08
36.88
17.46
14.9
11.83
15.36
13.28
12.21
12.34
Unlock
12.96
90
22.7
22 Dec' 22
33.3
N/A
N/A
N/A
33.22
N/A
N/A
N/A
Unlock
37.50
38
15.8
01 Apr' 15
35.61
23.05
23.72
N/A
18.66
16.47
15.30
N/A
Unlock
20.82
290
13
27 Mar' 18
26.33
15.46
16.93
N/A
15.44
18.08
13.80
N/A
Unlock
368.91
21,203
16.5
31 Mar' 93
56.7
26.18
21.99
13.69
18.14
14.97
12.91
12.77
Unlock
20.45
47
14.8
25 Jan' 19
37.73
16.31
15.76
N/A
14.27
14.51
15.26
N/A
Unlock
192.71
1,604
15.2
02 May' 05
27.37
16.1
14.98
11.05
16.06
13.69
11.87
12.35
Unlock
439.63
1,222
16.1
31 Mar' 96
32.05
17.88
17.32
13.07
18.74
16.50
14.41
12.92
Unlock
27.76
82
14.9
18 Nov' 16
49.79
33.61
23.83
N/A
18.99
15.99
12.92
N/A
Unlock
24.13
39
13.4
24 Mar' 17
50.42
34.07
24.49
N/A
18.58
18.07
13.45
N/A
Unlock
23.11
33
13.2
05 Jul' 17
48.34
32.92
23.84
N/A
19.60
21.37
14.39
N/A
Unlock
23.52
36
15.3
28 Mar' 18
49.91
33.83
24.76
N/A
24.95
28.12
19.16
N/A
Unlock
37.17
4,016
14.9
13 Oct' 14
30.33
16.6
17.25
13.49
14.67
13.72
12.16
13.70
Unlock
159.71
75
12.1
31 Mar' 96
37.42
19.34
17
12.65
15.77
13.25
11.86
12.21
Unlock
56.33
824
15.1
23 Dec' 11
33.71
18.95
19.76
11.11
15.61
13.59
11.60
12.92
Unlock
175.62
3,437
12
01 Aug' 05
27.66
13.91
16.14
11.11
15.82
13.96
12.24
11.31
Unlock
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*Based on the Fund’s Ranking within its Category


FAQ's
ELSS or equity linked savings scheme is like any other equity mutual fund scheme, with a crucial difference of offering tax benefits. An ELSS gives you tax deduction benefit of up to ₹1.5 lakh under Section 80C.
Quality of the portfolio, consistency of returns, upside potential and Expense ratio are few parameters you should look at while choosing an ELSS fund. Read, 'How to choose the Best ELSS Fund' for details.
Every fund is assessed on the following:
  1. Consistent Outperformers : Track record of having generated returns above a benchmark on a 3-year rolling basis. Consistent performers are Green, followed by Orange. Red have an inconsistent track record on outperforming the index.
  2. The average 3-year rolling returns number appears in the first button.
  3. Quality of Portfolio is assessed based on the quality of each stock held. Predominantly high quality stocks get a Green second button, followed by Orange and Red (large amount of risky stocks).
  4. Upside Potential: Every fund is assessed on what returns it could deliver in the next 5 years based on it.
Select the fund that is Green on Performance which shows it has consistently outperformed the index. Select one with a high average 3-year rolling returns - the number in the first button. And select one with a Green rating on Quality-the second button.
Use the Funds Screener and select the category. It shows the funds with Green on Performance and Quality right on the top. The ones with the higher average 3-year rolling returns are ranked the highest. Funds with less than 5 years returns history are colored Grey on Performance. Since the track record is not for an adequately long period they feature lower in the list.
Build a well-diversified portfolio with funds that assures you of a stable growth through market and economic cycles and funds that enhance your portfolio returns over the long run.
  1. Core Funds: Choose from Large cap, Large and Mid cap and Flexicap funds.
  2. Booster Funds
    1. Choose from Mid and Small cap funds.
    2. Select a Sector or Thematic Fund that is likely to outperform in the long term.
Use the Fund Portfolio Analyzer, Sher-ya-Billi to check if your portfolio will deliver healthy returns or disappoint you. Go to Fund Portfolio Analyzer. You can also upload details of your funds in the Portfolio Manager and see the report on this page.
When adding a new fund check how different is the fund compared to your portfolio by using the link in the Right allocation box on the Fund Decision Maker.
Most investors have more, many more funds that they should-over diversified. This tends to reduce returns. Many investors have more of the same i.e. they have funds that have very similar portfolios and hence the fund portfolio is not well-diversified. Either there are too many large cap dominated funds or far too many mid and small cap funds. What you require is a good, balanced mix. Finally investors don't know when to exit a fund and end up carrying it even though the future upside potential is very low.
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