Top 2 ELSS Mutual Funds to Invest This Diwali

The auspicious festival of Diwali is round the corner. This Diwali, we give you top 2 ELSS mutual fund schemes to invest in, which will help you save a lot of tax.

Axis Long term Equity Fund

Axis Long Term Equity Fund aims to generate long term capital growth from a diversified portfolio of equity and equity related securities. The scheme invests in companies with strong growth and a sustainable business model. The fund is managed by Jinesh Gopani since April 2011. The fund has given returns of 19.09% since launch. The fund has a total of 39 stocks in its portfolio. There is no exit load associated with this fund. The fund has outperformed its category returns over a 2-year and 3-year time frame.

Birla Sun Life Tax Relief 96

Birla Sun Life Tax Relief 96 seeks long-term capital growth and invests approximately 80% of its assets in equity, while the balance would be invested in debt and money market instruments. The fund is managed by Ajay Garg since October 2006. The fund has given returns of 25.97% since launch. Moreover, if an investor chooses to redeem his investments, there is no exit load that he has to bear. The fund has outperformed its category returns over a 2-year and 3-year time frame. The fund has a total of 51 stocks in its portfolio.

Axis Long Term Equity Fund and Birla Sun Life Tax Relief 96 have the capability of generating higher returns over a 3-year period. We wish you a very Happy Diwali & Prosperous New Year!