Wealth Creation Through ELSS: How ₹1 Lakh Grew Over Fivefold

Equity-Linked Savings Schemes (ELSS) have proven to be a powerful tool for wealth creation, as demonstrated by the impressive performance of two standout funds. The DSP ELSS Tax Saver Fund and the Motilal Oswal ELSS Tax Saver Fund have delivered exceptional returns since their inception. A ₹1 lakh investment in the DSP ELSS Tax Saver Fund at its launch in 2013 would have grown to ₹7.88 lakh, reflecting an annualized return of 18.25%. Similarly, the Motilal Oswal ELSS Tax Saver Fund, launched in 2015, turned a ₹1 lakh investment into ₹5.21 lakh, achieving an annualized return of 17.58%. These funds not only offer significant growth potential but also provide tax-saving benefits under Section 80C of the Income Tax Act. With a mandatory three-year lock-in period, ELSS funds encourage disciplined investing while offering exposure to equity markets. This success story underscores the importance of long-term investment strategies and the potential of ELSS funds to generate substantial wealth over time. Stay informed about the latest trends in mutual funds and explore how ELSS can be a valuable addition to your financial portfolio.