What are the three best ELSS to invest in 2023 and which are the top performing tax-saving mutual funds? - Deepak Vispute
Tax reduction is a crucial step in the process of building wealth. One of the most worthwhile ways to save on taxes is through the Equity-Linked Savings Scheme (ELSS), often known as the Tax Saving Mutual Fund. Let's find out the top three ELSS to invest in for 2023:
Parag Parikh Tax Saver Fund - One of the most recent arrivals into the ELSS category is the Parag Parikh Tax Saver Fund. Despite having only over three years of track record, Parag Parikh Tax Saver Fund has attracted investors' attention with its outstanding performance. The fund has held its own against well-known competitors and has consistently outperformed both the benchmark and the category average. Moreover, this fund has accomplished this achievement with a manageable level of risk. In terms of risk-adjusted returns, it currently ranks in the top quartile performers in the ELSS category.
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