Grow Your Money, Save Taxes: 5 ELSS Funds Offering Up To 28% Returns

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Posted by AI on 2025-08-16 07:56:39 | Last Updated by AI on 2025-08-16 18:33:39

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Tax filing season is here and while paying taxes is a reality for most of us, there are smart ways to optimize how you file your taxes. One of the most advantageous options for Indians is investing in ELSS funds that offer tax savings of up to Rs. 46,800 under Section 80C. But not all ELSS funds are made the same. Here are the top 5 ELSS funds that have yielded returns of up to 28% in the last 3 years, making them ideal for young investors seeking higher returns over the long term while also reaping the tax benefits.

Lead: Investing wisely and optimizing taxes go hand in hand for most young investors. Among the many options available, ELSS funds are a popular tax-saving instrument, providing substantial tax benefits under Section 80C. However, it's essential to choose the right ELSS fund to maximize returns on your investment.

Recently, mutual fund analytics firm Morningstar announced its top ELSS funds for 2021. The list includes Quant, Motilal Oswal, SBI, HDFC, and Mirae Asset, all of which have provided returns of up to 28% over the last three years. These returns are notably higher than the category average of 24.35%.

For millennials seeking to grow their investments significantly over the long term, while also optimizing their tax savings, these funds are an attractive option. As Mirae Asset CEO Hemen Bhatia comments, "ELSS funds have emerged as one of the most popular tax-saving instruments for investors due to the dual benefit they offer - tax saving as well as long-term wealth creation."

Conclusion: Smart investors understand that filing taxes is not just a bureaucratic requirement but also an opportunity to maximize their savings and investments. With the right investment choices like these top-performing ELSS funds, young Indians can grow their wealth while saving significantly on taxes. And it's highly encouraging to see ELSS funds offering impressive returns that range up to 28%, providing invaluable options for those seeking higher returns over the long term. So, when you file your taxes this year, consider investing in these funds to save money and grow your money.

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