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    Best Tax Saving Mutual Funds to invest

    Best Tax Saving Mutual Funds to invest

    A Tax saving mutual fund, also called Equity Linked Savings Scheme (ELSS), is a mutual fund scheme that invests in equity & equity related securities.

    • Save ₹46,800 in Taxes with Tax Saving Fund
    • Average returns around 15% in last 3 years, better than Fixed Deposit or PPF
    • Has a lock in period of 3 years only
    • Invest upto Rs 1,50,000 in these funds as per Section 80C

     

    Best Tax Saving Funds
    3Yr. Returns
    5Yr. Returns

    Reliance Tax Saver Fund

    9.2%
    21.12%

    Invest

    DSP BlackRock Tax Saver Fund

    14.3%
    20.7%

    Invest

    Axis Long Term Equity Fund

    14.5%
    24.6%

    Invest

    Aditya Birla Sun Life Tax Relief 96

    15.9%
    23.5%

    Invest

    SBI Magnum Taxgain Scheme

    8.7%
    17.4%

    Invest

    ICICI Prudential Long Term Equity Fund (Tax Saving)

    12%
    20.1%

    Invest

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