Top 3 Performing ELSS Funds: Consistent Dividend Payers Over the Last 5 Years

When it comes to dividend mutual funds, many experts suggest that investors should not rely solely on these payouts. Instead, they recommend that investors withdraw the required amount personally, as dividends are typically paid out of profits, which may not be available during bear markets. Despite this, many investors still seek the best dividend-paying mutual funds. For those looking for consistent returns, we have identified the top three ELSS funds that have paid dividends consistently over the past five years.

Here are the top performers:

Data As of August 14, 2024

ICICI Prudential ELSS Tax Saver Fund IDCW

ICICI Prudential ELSS Tax Saver Fund was launched on August 19, 1999. The fund had a total expense ratio (TER) of 1.72% and assets under management (AUM) of Rs 13,934.6 crore as of May 31, 2024. The dividend payouts per unit over the years are as follows: Rs 1.2396 in 2019, Rs 2.3198 in 2020, Rs 2.8 in 2021, Rs 2.6 in 2022, Rs 2.8 in 2023, and Rs 1.4 in 2024. The five-year return for this fund stands at 20.22%.

Canara Robeco ELSS Tax Saver IDCW

Canara Robeco ELSS Tax Saver was launched on March 31, 1993, this ELSS fund is benchmarked to the BSE 500 index. It has a total expense ratio (TER) of 1.7% and asset under management (AUM) of Rs 8,457.15 crore as of May 31, 2024. The dividend payouts per unit are: Rs 0.9739 in 2019, Rs 2.0739 in 2020, Rs 3.35 in 2021, Rs 0.39 in 2022, Rs 1.2 in 2023, and Rs 1.12 in 2024. The fund’s five-year return is 22.45%.

Sundaram Diversified Equity (ELSS) Reg IDCW

Sundaram Diversified Equity (ELSS) Reg fund was launched on November 22, 1999, with the NIFTY 500 TRI as its benchmark. It has a total expense ratio (TER) of 2.16% and asset under management (AUM) of Rs 1,577.96 crore as of May 31, 2024. The dividend payouts per unit are: Rs 0.2656 in 2019, Rs 0.25 in 2020, Rs 1.543 in 2021, Rs 1.483 in 2022, Rs 0.565 in 2023, and Rs 0.239 in 2024. The fund’s five-year return is 17.86%.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.