It is that time of the year when I share the process to find the best tax saving ELSS fund one should invest in 2020 as well as look back on the past best tax saving funds to learn something new.
Let me kick off the 2020 series with the best ELSS tax saving fund.
We start with ValueResearchOnline’s 4 and 5 star rated direct ELSS funds. Arrange them in decreasing order of the asset under management by each fund. Now we have the top ELSS tax saving funds:
Moving from the top funds to best funds based on expense ratio alone.
For me, the best fund is the one that has the least expense ratio.
Mirae Asset Tax Saver has the lowest expense ratio as compared to its peers by a considerable margin.
So it is was my choice of a fund in 2019 and remains the choice of fund for 2020 as well.
The expense ratio was and will be a crucial factor in the fund’s performance going forward.
The next best fund is Tata India Tax Savings because it also has a better expense ratio.
If one has to diversify in an ELSS fund and want to consider a different fund than 2019, then Tata India Tax Savings is an ideal choice.
In 2019, my choices of funds were:
The best 2019 ELSS funds have performed well, and I expect the fund to be doing good as well.
This review is neither a sponsored one nor an endorsement that you should invest only in the above mention funds.
I have shared the complete process I am using to find the best performing ELSS tax saving fund for 2020. Feel free to apply your choice of criteria that gives you comfort while investing.
Make sure to invest in direct funds. Moreover, never invest in a fund because someone has recommended it to you. Always apply your investment logic to each of your investments.
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