Top 10 tax-saving MFs of the last 5 years and their top holdings
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7 months ago
ETMarkets analysed the top ten equity-linked saving schemes (ELSS) from the past five years, all of which have delivered impressive CAGR exceeding 15%. A majority of these funds have shown strong inclinations towards sectors such as financials, technology, automobiles, and energy. These tax-saving MFs essentially function as equity-linked saving schemes, providing investors with tax advantages under Section 80C of the Income Tax Act of 1961. We delved deeper into each of these high-performing schemes, shedding light on their leading holdings in terms of market value and performance over the past year. (Data Source: ACE MF, ACE Equity)
Economic Times