Best ELSS Tax Saving Mutual funds for Investment

Equity Linked Savings Scheme (ELSS) Mutual Funds are one of the popular 80C tax saving options for savvy investors.

Quick Overview of ELSS Funds

• ELSS is a diversified equity mutual fund which has a majority of the corpus invested in equities.

• There is a lock in period of 3 years from the date of investment.

• Returns are based on returns from Equity Markets.  Returns from ELSS Schemes are tax free. Based on previous returns, some of the funds has grown 3 times in 5 years.

• There is no limit of investment in ELSS Funds, but you can claimTax deduction upto Rs 1 Lakh under Section 80C of Income Tax Act.

It is always better to invest

• via SIP mode rather than lumpsum (for cost averaging)


• in GROWTH Option   (for wealth accumulation)


• in DIRECT Plan ( to save costs& higher returns)

Top 10 performing ELSS Mutual Funds – which you can consider investing in 2014