Best Tax Saver Fund with good Return.

When come to Tax saving one should take in count of Tax Saver fund known as ELSS (Equity Linked Savings Scheme).

ELSS fund may give you dual advantage: Tax Saving + Good Return. Also Locking period of ELSS Fund are only 3 years.

There are few very good Mutual Funds which have well past performance with 15-20 % annual return over 5 years.

Let’s check out the best option you can pick 

1. Reliance Tax Saver (ELSS) Fund.

NAV: 36.076

Asset Size (Cr):1948.85

Min Investment: 500

This Fund have massive 61% return over last year while 5year return is 20.4%. The scheme is ranked 2nd in ELSS category by Crisil.

2. Axis Long term Equity Fund (G).

NAV: 22.28

Asset Size (Cr):921.68

Min Investment: 500

This Fund have massive 50% return over last year while 3year return is 21%. The scheme is ranked 1st in ELSS category by Crisil.

3. SBI Magnum Tax Gain Scheme.

NAV: 91.018

Asset Size (Cr):4110

Min Investment: 500

This Fund have massive 41% return over last year while 3year return is 14.3%. The scheme is ranked 3rd in ELSS category by Crisil.

 Many other best options are available to invest.

SIP is best way to invest in this MF. Monthly Small contribution creates big value at long term.

Be smart. Invest Smartly.