Looking for High Return Tax Saving Mutual Funds? Here are the Best 5 Picks:

Looking for High Return Tax Saving Mutual Funds? Here are the Best 5 Picks Tax Saving Funds Tax-saving season is here. Investors are seeking to invest in the best mutual funds to reduce your tax burden and grow wealth. Here are some top 5 performers:

• SBI Long Term Equity Fund
• Motilal Oswal ELSS Tax Saver Fund
• HDFC ELSS Tax Saver Fund
• ITI ELSS Tax Saver Fund
• DSP ELSS Tax Saver Fund

SBI Long Term Equity Fund: This highly established ELSS fund features a long performance history, posted a stellar three-year return of about 24.80% and as of February 28, 2025, stood with a mammoth Asset Under Management (AUM) value of Rs. 25,723 crore. it is due to strong investor trust and steady good performance in tax-saving mutual funds. Motilal Oswal ELSS Tax Saver Fund: This ELSS fund has displayed strong performance, garnering a return of around 24.21% over the last three years. The scheme had an AUM of Rs. 3,405 crore since February 28, 2025, bringing into focus its increasing popularity as an investment vehicle by investors interested in tax-saving features combined with potential for wealth generation. HDFC ELSS Tax Saver Fund: The HDFC ELSS Tax Saver Fund has provided a strong return of about 22.47% over the past three years, thus emerging as a top player in the tax-saving mutual fund segment. On February 28, 2025, the scheme possessed a healthy AUM of Rs. 14,671 crore, indicating investor confidence and consistent performance in the market. ITI ELSS Tax Saver Fund: The ITI ELSS Tax Saver Fund has provided a remarkable return of nearly 20.83% in the last three years, making it an excellent option for tax-saving investments. Beginning on February 28, 2025, the scheme had an AUM of Rs. 343 crore, reflecting stable growth and investor interest in this segment. DSP ELSS Tax Saver Fund: The DSP ELSS Tax Saver Fund has provided a healthy return of around 19.42% in the last three years, making it a good bet for tax-saving investments. The fund had a remarkable Asset Under Management (AUM) of Rs. 14,981 crore as of February 28, 2025, owing to its appeal among investors looking for long-term wealth generation coupled with tax advantages. Investing in High Return Tax Saving Mutual Funds requires careful consideration. You must know the fund, such as the experience of the fund manager, who has a very important role in choosing tax-effective investment alternatives under Section 80C. If you are a first-time investor, take advice from a financial advisor to select the proper fund according to your financial objectives, risk-bearing capacity, and taxation-saving requirements.