Invest hassle-free in ELSS

Best ELSS tax-saver Funds to invest in 2020

Scheme Name Three Year Return SI Action


Tax rebate on investment up to Rs. 1.5 Lakh under Sec. 80C

Tax rebate on investment up to Rs. 1.5 Lakh under Sec. 80C

3 years lock-in period (lowest compared to PPF & bank FDs)

3 years lock-in period (lowest compared to PPF & bank FDs)

Growth potential of equity

Growth potential of equity

Investor can opt for dividend payout option too

Investor can opt for dividend payout option too

No tax on long-term capital gains upto 1 lac

No tax on long-term capital gains upto 1 lac

Better returns than FD's, PPF

Better returns than FD's, PPF

Why ELSS are the Best Tax-saving Mutual Funds?

Higher Returns as compared to other tax-saving products like PPF, Bank FDs, NSCs or ULIPs.

Lowest lock-in period of 3 years among all the tax-savers under Sec. 80C

Lower LTCG leads to more tax-benefits

Investment in ELSS can also be done through Systematic Investment Plan (SIP) which allows regular monthly investment on a pre-specified date. SIP in ELSS Mutual Funds can be started with minimum Rs. 500/month.


Monthly Investment Amount
Interest Rate (%)
Tenure (in Years)

Maturity Amount for the Specified Monthly Investment is Rs.

Frequently Asked Questions (FAQs)

  • +What are ELSS Funds?

    The ELSS funds are mutual funds for tax savings, with the majority investing in equity schemes. They are the Best tax saver funds to invest under Section 80C of the Income Tax act.

  • +What's the time of lock-in?

    ELSS has a three-year lock-in duration.

  • +Why ELSS investment?

    ELSS, being Equity Linked Savings Scheme, has advantages over other conventional instruments such as FD, NPS, and other tax-saving plans. The lock-in time is the lowest and returns are more than other plans for saving taxes.

  • +Who is expected to invest in ELSS?

    Anyone wanting to reduce taxes by investing in tax savings schemes of 80C. ELSS is an investment in equity. It is, therefore, better suited for individuals who are open to risk and remain committed for a long time to gain.

  • +Is there an ELSS-related tax?

    Since ELSS funds are locked down for 3 years, earnings are considered long-term gains and taxed at 10% for income over Rs 1 lakh.

  • +What are equity funds?

    Equity funds are schemes concentrating their transactions on the stocks of companies of the various markets.

  • +Is it a SIP or lump sum should I choose?

    You can regularly invest a fixed amount in a SIP in your mutual fund(s) or you spend in bulk in mutual funds one time in a lump sum.

    The small amount of money you can spend every month without the hassle of paying in bulk comes with few advantages.

    The average cost of investing (per unit cost) decreases when you invest throughout the year.

    It also grant you discipline in financial matters.

  • +Why invest through Karvy Nivesh?

    Karvy Nivesh is super simple and user friendly. We do the homework for you and offer the best-in-class mutual funds selected by experts. Investing in ELSS funds online through Karvy Nivesh takes under 5 minutes.

  • +What is the maximum tax benefit that ELSS investments will achieve each year?

    In compliance with Section 80C, tax benefits can be made up to Rs. 46,800 by investing up to Rs. 1.5 lakhs annually in tax savings schemes like ELSS. More than Rs 1.5 lakhs can also be invested in ELSS. You can choose from the best tax saver plans in Mutual Funds.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.