Nine ELSS schemes exceed 12% returns over decade

livemint.com — March 17, 2025 at 10:01 AM UTC

Nine equity linked savings schemes (ELSS) have achieved over 12 percent annualized returns in the past decade. The top performer is the Quant ELSS Tax Saver Fund, with a return of 18.33%, followed by Motilal Oswal at 14.67%. ELSS schemes invest at least 80 percent in stocks and have a three-year lock-in period. They also offer tax deductions of up to ₹1.50 lakh under section 80C of the Income Tax Act. Currently, there are 43 ELSS schemes with total assets under management of ₹2.16 lakh crore. Notable funds include SBI Long Term Equity Fund and DSP ELSS Tax Saver Fund, based on asset size.

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