How to DOUBLE your money in mutual fund ?

There are different categories of investing in mutual funds. One of these is Equity Linked Saving Scheme(ELSS). Income tax exemption can be availed by investing in mutual fund schemes of these categories.

This exemption of income tax taken under 80c of income tax is 1.5 lakh. These mutual fund schemes have consistently given excellent returns. As far as lock-in is concerned, the money in Equity linked saving scheme mutual fund (ELSS) is locked in for three years.

As far as returns are concerned, many have doubled their money in these Equity Linked Saving Scheme (ELSS) in three years. In these schemes, where one has invested cash in lumpsum, they have average returns of up to 30 percent in the last three years while those supporting through Systematic Investment Plan(SIP) have got more than 50 percent return.

What Is SIP Medium?

One of the methods of investing in mutual funds is called Systematic Investment Plan (SIP). In this medium, money is deposited every month in a mutual fund scheme on a fixed date. For this, the money goes automatically from the bank. According to A.K. Nigam(director, BPN) Fincap, mutual funds are the best investment method. Investing through SIPs can give excellent returns if invested for an extended time.

Top 5 ELSS Fund Schemes Are...

1. Quant Tax Saver Mutual Fund.

Quant tax saver mutual fund has given an average return of 30.40 percent every year for the last three years for lumpsum investors. If someone had invested Rs 1 lakh in this mutual fund scheme three years ago, its value has now become RS 2,21,519.
ITS SIP RETURNS - If one has invested in Quant Tax saver mutual fund through SIP, he has also got good returns. This fund has given an average return of 54.70 percent every year in the last three years through SIP. If someone did a SIP of Rs 10,000 per month in this fund three years ago, its value is now RS 7,30,622.

2. Mirae Asset Tax Saver Mutual Fund

Mirae asset tax saver mutual fund has given an average return of 22.17 percent every year for the last three years for lumpsum investors. If someone had invested Rs 1 lakh in this mutual fund scheme three years ago, its value has now become RS 1,82,353.
ITS SIP RETURNS - If one has invested in Mirae asset saver mutual fund through SIP, he has also got good returns. This fund has given an average return of 38.00 percent per year in the last three years through SIP mode. Suppose someone had done a SIP OF RS 10,000. Per month in this fund previous three years ago, then its value is now RS 5,97,609.

3. BOI Axa Tax Advantage Mutual Fund.

BOI Axa advantage mutual fund has given an average return of 22.20 percent every year for the last three years for a single payment of money by investors. If someone had invested Rs 1 lakh in this mutual fund scheme three years ago, its value has now become RS 1,82,313.
ITS SIP RETURNS - Anyone who has invested in BOI AXA TAX ADVANTAGE MUTUAL FUND through SIP has also got good returns. This fund has given an average return of 43.30 percent every year in the last three years through SIP mode. If someone had done a SIP of Rs 10,000 per month in this fund three years ago, then the same tail is now RS 6,28,061.

4. PGIM India Long Term Equity.

PGIM India's long-term equity mutual fund has given the lumpsum investors an average return of 16.80 percent per annum for the last three years. If someone had invested Rs 1 lakh in this mutual fund scheme three years ago, its value has now become RS 1,56,219.
ITS SIP RETURNS - If one has invested in PGIM India long-term equity mutual fund through SIP, he has also got good returns of 32.20 percent every year in the last three years through SIPs. If someone had done a SIP of Rs 10,000 per month for the previous three years, its value is now RS 5,57,367.

5. IDFC Tax Advantage Mutual Fund

IDFC Tax advantage mutual fund has also given an average return of 16.80 percent every year from last 3 three years for lumpsum investors. If someone had invested Rs 1 lakh in this mutual fund scheme for the previous three years, its value now is RS 1,59,119.

ITS SIP RETURNS - If one has invested in IDFC Tax advantage mutual fund through SIP, he has also got a good amount of returns. This fund has given an average return of 36.70 percent every year through SIP mode for the last three years. If someone had done a SIP of Rs 10,000 per month in this fund three years ago, its value is now RS 5,89,617.