How to Check 3-Year Returns on Your ELSS Mutual Funds

When investing in ELSS (Equity Linked Saving Scheme), it's crucial to assess the performance of your investment. One common metric used to evaluate top performing ELSS mutual funds is the returns generated over three years.

How To Check 3-Year ELSS Returns: A Comprehensive Guide

Step 1: Gather Your Investment Details

Gather important details about your ELSS investment, such as fund name, investment amount, and purchase date. Make sure you have the necessary information for each investment.

Step 2: Visit the Mutual Fund Website

To access your investment information, visit the mutual fund company's official website and log in or register on their online portal.

Step 3: Register or Log In

To claim a TDS refund, register as a first-time user by providing investment details, PAN, and other required information. If you're already registered, log in using your username and password.

Step 4: Access Your Portfolio

Go to the portfolio section after logging in to find information about your investments, including the best-performing ELSS mutual funds.

Step 5: Locate the 3-Year Return

To check the 3-year returns of an ELSS fund, go to the portfolio section of the website where you have invested. Look for the specific ELSS fund and check its returns or performance tab.

Step 6: Compare with Benchmark and Peer Returns

To see how well your ELSS fund is performing, compare its 3-year return percentage with the benchmark index and other similar funds. Mutual fund websites often provide this information.

Wrapping Up

To evaluate your investment performance, it's essential to check your ELSS returns over a three-year period. You can do this by visiting the mutual fund company's website and comparing your returns with benchmark indices and other funds. Consider using Fi Money, a platform designed for digital natives, if you're looking for exciting investment options.

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Frequently Asked Questions

1. What factors should I consider while assessing the 3-year returns of my ELSS mutual funds?

When evaluating the 3-year returns of your ELSS mutual funds, consider factors like investment performance, consistency of returns, and investment horizon. This will help you make an informed assessment of your funds and determine if they align with your investment goals and risk tolerance.

2. Are there any industry benchmarks or standards to compare the performance of ELSS funds for the mentioned period?

The BSE 200 or Nifty 500 index is a commonly used benchmark for evaluating the performance of ELSS funds in India.

3. Can I rely solely on the 3-year returns, or are there other performance indicators that I should take into account?

When evaluating an investment in an ELSS fund, it's important to consider multiple performance indicators beyond just the three-year returns. Other factors such as risk-adjusted returns, the fund manager's track record, and the portfolio composition should also be taken into account to gain a more comprehensive view of the fund's performance and make an informed decision.

4. How do I access the necessary data and information to analyse the 3-year returns of my ELSS mutual funds effectively?

To analyze the 3-year returns of your ELSS mutual funds, you can get the necessary data from various sources like Fund Fact Sheets, Annual Reports, Fund House Websites, and Mutual Fund Research Platforms. Verify the accuracy of the data from multiple sources before making any investment decisions.