8 ELSS or tax saving mutual funds complete 25 years; 6 offer 15-23% CAGR

Eight out of the total 37 tax saving mutual fund schemes or Equity Linked Saving Schemes (ELSS) have completed 25 years in the market. Six of these schemes managed to offer around 15-23% annual returns over the 25-year period. The returns underline the potential of tax saving funds to create wealth over a long period. ELSS funds qualify for a tax deduction of Rs 1.5 lakh under Section 80C. Most other investment options under Section 80C are government-backed and they offer assured single-digit returns.

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