In this, we will discuss the Best Extraordinary Performing Mutual funds tax saving 100% Return Section 80C. 100% Return Tax Saver Mutual Funds in India. In 2021 a mutual fund is a sort of investment product in which the funds of several investors are put together to form an investment product. The investor subsequently decides on how to utilize those funds to invest in a category of assets in order to meet the fund’s investment objectives. This enormous universe of possible goods can seem daunting to certain investors.
NOTE: In Tax Mutual fund there is lock period around 3 years approx. Make sure you read all instruction before buy.
If you are looking for Best SIP Mutual fund for high return for long term investment (Non tax)
Below Mutual funds tax saving 100% Return Section 80C for Long term benefits High Return
1. Quant Tax Plan Direct Growth
Quant Tax Saving Fund (Growth) is a good choice within diversified mutual funds. Coresumo recommends other funds for investment are diversified. Firstly Quant 2020 to 2021 return is more than 120% return in one years. They provide best investment plan for client.
You can check on this calculator – This mutual fund will give more than 20% return that is no doubt.
All you need to enter the following things to calculate Mutual fund return
- Visit this website: Best Mutual Funds for SIP 2021 Calculator
- How much you can invest on monthly – Ex: 5000
- Approx. Expected Return Rate In % (You can put 20%)
- How many years your are think to invest – Time Period (In Years) Ex – 10 years or 30 years
Where to Buy Mutual Fund
Once you decided this you can buy Invest on Mutual fund – Best App for Buy Mutual fund or Stock
2. Canara Robeco Equity Tax Saver Fund
Firstly, Canara Robeco Equity Tax Saver Direct- Growth is a Canara Robeco Mutual Fund ELSS mutual fund system.
And also Canara Robeco Equity Tax Saver Direct has a 1-year growth rate of 64.11 percent. Every five years, the fund has doubled the amount invested in it.
3. Mirae Asset Tax Saver Fund
Mirae Asset Tax Saver Fund Direct-Growth returns are 78.00 percent for the last year. At its inception, it has produced an estimated annual return of 20.99 percent. Every two years, the fund has doubled the amount invested in it. In comparison to other funds in the grouping, it has taken fewer exposure in the financial and also technology industries.
HDFC Bank Ltd., ICICI Bank Ltd., Infosys Ltd., Axis Bank Ltd., and also Tata Consultancy Services Ltd. are the fund’s top five holdings.
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Other Good Tax saving Mutual Fund – Mutual funds tax saving
4. Axis Long Term Equity Fund
Axis Long Term Equity Fund is an open-ended equity-related saving scheme (ELSS) with a three-year mandatory lock-in duration and tax incentives under Section 80C of the Income Tax Act. After its launch, the fund has outperformed both the index and the segment average over a variety of time periods. Its 5-year CAGR is 18.26%.
According to Axis Mutual Fund, the fund’s investment goal is to achieve profits and also long-term capital growth from a diversified portfolio of primarily stock and equity-related securities.
According to the fund house, the fund is appropriate for investors with a relatively high risk profile who are looking for long-term capital growth and also income generation. The recommended investment timeframe for Axis Long Term Equity Fund is three years or more.
5. BOI AXA Tax Advantage Fund
This fund has been in operation for 8 years and 4 million dollars, having been founded on January 1, 2013.
BOI AXA Tax Advantage Direct-Growth returns are 69.12 percent for the last year. It has generated 17.41 percent total annual returns since its inception.
The performance of the BOI AXA Tax Advantage Direct-Growth scheme to generate stable returns is comparable to those of other funds in its group. It has an above-average potential to control declines in a falling economy.
The bulk of the fund’s assets are concentrated in the financial, chemical, healthcare, technology, and also automobile industries.
6. DSP Tax Saver Fund
DSP Tax Saver Direct Plan-Growth is a DSP Mutual Fund ELSS mutual fund system. And also It is a medium-sized fund in its ranking, with 97385 Crores in assets under management (AUM) as of 31/03/2021.
DSP Tax Saver Direct Plan-Growth returns over the last year have been 70.04 percent. It has generated 17.13 percent total annual returns since its inception.
The majority of the fund’s assets are concentrated in the financial, technology, healthcare, energy, and also construction sectors.
7. Aditya Birla Sun Life Tax Relief 96 Growth
Sun Life Tax Relief 96 Direct-Growth has assets under management (AUM) of 269700 Crores as of 31/03/2021 and also is a medium-sized fund in its ranking. The fund’s loss level is 0.97 percent, which is lower than that of any other ELSS assets.
Aditya Birla Sun Life Tax Relief 96 Direct-Growth returns are 42.95 percent over the last year.
8. ICICI Prudential Long Term Equity Fund Growth
It has generated 15.27 percent total annual returns since its inception. Every six years, the fund has doubled the amount invested in it.
Its capacity to produce stable returns is comparable to those of the majority of funds in its segment. It has a mediocre potential to manage declines in a declining economy too.
The top five assets of the fund are ICICI Bank Ltd., HDFC Bank Ltd., Bharti Airtel Ltd., Infosys Ltd., and also Axis Bank Ltd.
9. Invesco India Tax Plan Growth
Since its inception, it has produced an annual return of 17.40% on average. Every five years, the fund has doubled the amount invested in it. The top five stocks of the fund are Reliance Industries Ltd., HDFC Bank Ltd., also ICICI Bank Ltd., Infosys Ltd., and Axis Bank Ltd.
10. Kotak Tax Saver Fund – Growth
Kotak Tax Saver Fund Direct-Growth is a Kotak Mahindra Mutual Fund ELSS mutual fund plan.
Its capacity to produce stable returns is comparable to those of the majority of funds in its segment. It has an above-average potential to control declines in a falling economy.
The scheme’s investment goal is to achieve long-term capital gains from a diversified portfolio of stock and also equity-related assets while still allowing buyers to take advantage of income tax breaks when they become accessible.
11. BNP Paribas Long Term Equity Fund Growth
BNP Paribas Long Term Equity Fund (Growth) is an excellent alternative among tax-advantaged mutual funds. The Scheme’s investment goal is to achieve long-term capital growth through a diversified and also actively controlled portfolio of stock and equity-related assets, as well as income tax rebates as they become accessible. However, there can be no guarantee that the Scheme’s expenditure target would be met. It has generated 14.93 percent total annual returns since its inception.
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Writer: Rachita Nayar