Best Tax Saving ELSS Funds to Invest in FY 2019-20

The Top ELSS Funds for FY 2019-20January-February is the season when most salaried employees do their last-minute tax-saving investments since they must submit proof of it to their company by the end of February. A popular investment for tax-saving is the Equity-Linked Saving Scheme (ELSS). ELSS are mutual funds schemes that have a three-year lock-in and offer tax benefits under Section 80C of the income tax act. You can save up to Rs 46,000 in taxes if you are in the highest tax bracket and invest Rs 1.5 lakh in a financial year in ELSS.So, how do you choose the top or best ELSS funds in India? One of the ways to evaluate any mutual fund is its performance over time – one year, three years, five years. While past performance is not a guarantee for the future, it acts as an indicator, other things being equal.To get the top ELSS funds for FY 2019-20, we must look at their overall performance for the year, and the returns they have been able to generate.IndiaNivesh experts have curated a list of the top ELSS funds in India. These funds have not only been among the top performers during the last year but have shown consistent performance over the years.

- How to save Rs 45k by investing in ELSS!

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This article is for general information and education only. It is not investment advice or a recommendation to buy or sell any security.