InvestorQ : Can you share the best ELSS of 2021 to invest in?
Ira Shah made post

Can you share the best ELSS of 2021 to invest in?

Ask IIFL answered.
2 months ago
It is not recommended to chase ‘the best’ while making investment decisions. The prudent approach is to undergo a detailed risk profiling exercise and invest according to risk appetite, investment horizon, and long-term financial goals of life. Among all the available tax-saving avenues, ELSS is a very good investment option as it has the least lock-in period and has the potential to generate wealth in the long run. Though there is a lock-in period of 3 years, it is advisable to continue to stay invested in ELSS for a very long period of time say 8-10 years for accumulating wealth.

Based on our internal research, below are some good quality tax saving schemes which have consistently generated good returns for investors over the period of time. However, it is recommended to choose not more than 2 ELSS schemes for a portfolio.

Returns as on Mar 25, 2021
Scheme Name
3 Year5 Year7 Years10 Years
Mirae Asset Tax Saver Fund(G)6,35117.120.7----
DSP Tax Saver Fund(G)7,88313.115.317.114.4
Canara Robeco Equity Tax Saver Fund(G)1,72417.416.516.113.8
Axis Long Term Equity Fund(G)27,21614.615.317.817.2