Advantage AxisDirect

ELSS or Equity Linked Savings Schemes are diversified equity mutual funds that help you deal with the burden of saving taxes while offering the joys of creating wealth over the long run. A diversified mutual fund equity scheme means that a minimum of 65% of the fund’s assets will be invested in the stock market and across different sectors and industries.

The main purpose of ELSS schemes is that it helps you avail tax deductions under Section 80C of the Income Tax Act, 1961, wherein you can invest a maximum of Rs 1,50,000 in ELSS schemes and save up to Rs. 46,800 in taxes annually.

ELSS is the kind of investment that does not have any age limit for investing. One can start as early as possible or at a later age if they are willing to take some amount of risk with their investments in equity markets.

Advantages Of ELSS MF Schemes

  • Investments upto
    Rs.1.50 lacs eligible under 80C

  • Dividends in ELSS
    schemes are tax Free

  • Lower
    Lock-In Period

  • Can invest
    through SIP

  • Invest in equity
    while saving taxes

  • Compounding &
    Higher Returns


Scheme Name Rating 3 Year Returns (%) 5 Year Returns (%) 10 Year Returns (%) Invest

Axis Long Term Equity Fund - Reg - (G)

***** 16.35 11.59 --

DSP Tax Saver Fund - Reg - (G)

**** 12.26 11.00 13.26

IDFC Tax Advantage (ELSS) Fund - Reg - (G)

**** 11.98 9.13 12.55

Kotak Tax Saver Fund - Reg - (G)

*** 12.32 9.68 10.99

Mirae Asset Tax Saver Fund - Reg - (G)

***** 17.85 -- --

Source : MutualFundsIndia & Value Research as on 25th November 2019. Past performance is not indicative of future returns