ELSS or equity-linked savings schemes are one of the most popular tax-saving options. Currently, there are 40 ELSS funds available. They have varying performances. Since tax-saving funds lock in the capital for 3 years, it’s crucial that the right choice is made.
To select the best ELSS funds, we developed a methodology. We checked the 7-year rolling returns, quartile ranking and risk-adjusted returns of the eligible funds. Doing so, we reduced the number of funds to just 11. We then picked the top 3 funds from the list.
You can watch the video to find out the names of these funds. We have also explored the basic details about these funds so that you can pick the one most suitable for you. However, you must do your own research as well before investing in any of them. These funds are not our recommendations.
Link to our video on Bank of India ELSS Tax Saver Fund: [ Ссылка ]
Chapters
00:00 Introduction
01:40 Quest for the best ELSS funds for 2024
05:00 How the 3 shortlisted funds are managed
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