Top 10 tax saver (ELSS) funds to invest in 2020

While some kinds of investments can be alluring, one of the downsides that slash their profitability is the taxes payable on their returns. Some mutual fund investment options come with tax saving possibilities that have highly interested investors. Here are the top 10 mutual funds recommended by ET Money app to invest in 2020.

Axis Long Term Equity Direct Plan-Growth

The fund size of Axis Long Term Equity Direct Plan-Growth is Rs 21,159 crores. With a fund age of 6 years, this tax saving ELSS growth fund is open ended and the lock in period is 3 years.

Canara Robeco Equity Tax Saver Direct Growth

The 988 crores fund is an open ended growth fund under the tax saving ELSS category and the lock in period is 3 years. The age of this fund is 6 years.

Invesco India Tax Plan Direct Growth

One of the top attractions for investors to choose Invesco India Tax Plan Direct Growth is it belongs to the open ended growth fund category. The fund size is 976 crores and the fund age is 6 years with a lock in period of 3 years.

Kotak Tax Saver Fund Direct Growth

The fund size of Kotak Tax Saver Fund Direct Growth is Rs 1,030 crores. The fund age is 6 years and the lock in period is 3 years. This is a tax saving ELSS fund type.

Aditya Birla Sun Life Tax Relief 96

Aditya Birla Sun Life Tax Relief 96 fund has a size of Rs 9,997 crores and the fund age is 6 years. This open ended growth type fund’s age is 6 years and the lock in period is 3 years.

DSP Tax Saver Direct Plan Growth

The total fund size of DSP Tax Saver Direct Plan Growth fund (open ended) is Rs 6,185 crores. The fund age is 6 years and the lock in period is 3 years.

Edelweiss Long Term Equity Fund (Tax Savings) Direct –Growth

With a fund size of 111 crores, the Edelweiss Long Term Equity Fund (Tax Savings) Direct –Growth is open ended growth fund of ELSS tax saving category with a fund age of 6 years and lock in period of 3 years.

ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan – Growth

The total fund size of ICICI Prudential Long Term Equity Fund (Tax Saving) Direct Plan – Growth is Rs 6,630 crores. Same as the other funds in this discussion, the fund age is 6 years and the lock in period is 3 years.

L&T Tax Advantage Fund Direct Growth

The Rs 3,396 crores of L&T Tax Advantage Fund Direct Growth fund falls under open ended growth category with a lock in period of 3 years and the fund age of 6 years.

Franklin India Taxshield Direct Growth

The aspects of Franklin India Taxshield Direct Growth include a fund size of Rs 4,101 crores, lock in period of 3 years and a fund age of 6 years. This fund belongs to ELSS tax saving open ended growth fund type.