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How top 5 MF schemes fared in the last 5 years, stocks they held – Top tax savers

Investors often look for the best tax-saving mutual funds schemes to get the maximum benefit of returns over the long term. But when investors look for the periodic performance quite often than not each period will have different top performers schemes. So, to take out the common top performing schemes ET Market filtered out five schemes that remained under the top 15 performers in each 1, 3 and 5 year period. Further, we listed out current portfolio stocks which have given the highest return in the last 1-year timeframe. (Data Source: ACE MF)

The tax-saving mutual funds are essentially equity-linked saving schemes (ELSS) which offer tax benefits to the investors under Section 80C of the Income Tax Act, 1961. The lock-in period actually inculcates a good habit among investors to thrive for long-term investing while putting their money in an equity-related instrument.

These tax-saving mutual funds also offer the benefit of maximizing portfolio returns over the long term to an investor. However, investors should also be wary of the risk associated with equity investing as compared to the other tax-saving fixed-income instruments like Public Provident Fund (PPF) & others.

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