Why Consider Nippon's ELSS Funds for Tax Saving Investments?
With the end of the financial year approaching, it is time to start thinking about tax-saving investments. One great option to consider is ELSS mutual funds (Equity Linked Saving Scheme). Nippon India's ELSS funds are some of the top-performing funds in this category, making them an attractive choice for investors looking to save tax while also earning good returns. Here are some key reasons why Nippon's ELSS funds like Nippon mutual fund deserve consideration: Strong track record - Nippon's ELSS funds have consistently delivered healthy returns over the years. For instance, the Nippon India Tax Saver Fund has provided annualized returns of around 8.98% over the last 5 years. This showcases the fund's ability to generate inflation-beating returns. High-quality portfolio - The fund manager invests in a carefully selected portfolio of companies with strong fundamentals and growth prospects. The focus is on picking stocks across market caps that can deliver sustained e...