Top performing ELSS tax saver mutual fund 2024
Top-Performing Tax Saver Mutual Fund: As per AMFI data, Quant ELSS Tax Saver Fund stands out with impressive returns. Over the past decade, it has earned a return of 26.32%. Over the last five years, it has delivered a phenomenal 35.68% return. For three years, it has returned 29.13%, and in the last year alone, it has grown 60.59%. This performance makes it a standout choice for investors seeking strong SIP returns across time frames.
Top Performing ELSS Tax Saver Mutual Fund
Quant ELSS Tax Saver Fund has distinguished itself as the top performer in the ELSS Tax Saver Mutual Fund category. This open-ended equity-linked savings scheme comes with a statutory lock-in period of three years and offers tax benefits. Its primary investment objective is capital appreciation by investing mainly in a well-diversified portfolio of equity shares with growth potential.
Performance overview
According to the Association of Mutual Funds in India (AMFI) data, Quant Tax Saver Fund has consistently delivered superior returns over multiple timeframes. It has outperformed its peers over the past 1, 3, 5 and 10 years, making it an ideal choice for investors looking for the highest returns in the ELSS segment.
Canara Bank Dividend 2024 after split
Historical Returns
- Last 1 Year: 60.59%
- Last 3 years: 29.13% per annum
- Last 5 years: 35.68% per annum
- Last 10 years: 26.32% per annum
If an investor had set up a Systematic Investment Plan (SIP) of Rs 10,000 per month over the past five years, their total investment of Rs 6 lakh would have grown to around Rs 14.6 lakh, showing the fund’s strong performance and wealth-creation potential. .
Top Holdings
The top holdings in Quant ELSS Tax Saver Fund’s portfolio include:
- Reliance Industries
- Adani Power
- Jio Financial Services
- Hindalco Industries
- Gayle (India)
These investments are strategically chosen to capitalize on the growth potential of leading companies in their respective sectors.
Investment Advice
While Quant ELSS Tax Saver Fund has shown exceptional performance, it is important for investors to remember that all mutual fund investments are subject to market risk. Prospective investors are advised to read all scheme-related documents thoroughly and consult duly registered financial advisors for making investment decisions.
(Disclaimer: Mutual fund investments are subject to market risk; it is advisable to carefully review all relevant documents and seek professional advice before making an investment decision.)
