Crorepati Mutual Fund Schemes: Equity Linked Saving Scheme (ELSS) Mutual Funds are such funds that not only make money for their investors but also help them save taxes. And you will be surprised to know that there are many such Equity Linked Saving Scheme Mutual Funds schemes, after the launch of which, the investors who have invested Rs 10,000 every month through Systematic Investment Plan (SIP) in these funds have been made crorepatis by these funds. 

According to a report by Economic Times, there are seven equity linked mutual fund schemes that have completed 25 years. And since the launch of these schemes, if an investor started a SIP of Rs 10,000, then the corpus of the investors has crossed Rs 1 crore in 25 years. 

SBI Long Term Equity Fund

For example, SBI Long Term Equity Fund is the oldest ELSS fund. And in the last 25 years, investors who made a SIP of Rs 10,000 in this fund, their investment has increased to Rs 5.66 crore. This fund has given investors an annual return of 19.42 percent.  

HDFC ELSS Tax Saver Scheme

HDFC Mutual Fund's HDFC ELSS Tax Saver Scheme has also given strong returns to its unit holders. If an investor started a SIP of Rs 10,000 in this fund 25 years ago, his corpus has grown to Rs 5.08 crore. This fund has given an annual return of 18.77 percent. 

ICICI Pru ELSS Tax Saver Fund

In ICICI Pru ELSS Tax Saver Fund of ICICI Prudential Mutual Fund, if an investor started a SIP of Rs 10,000 25 years ago, his investment has grown to Rs 4.92 crore. This fund has given a return of 18.57 percent to the investors. 

Franklin India ELSS Tax Saver Fund

Franklin India ELSS Tax Saver Fund is also one of those tax saving schemes which has given bumper returns to the investors. If investors have invested Rs 10,000 in this fund through SIP, then their investment has increased to Rs 4.52 crore and this fund has given a return of 18.06 percent.

Along with giving returns, it also saves tax

Let us tell you that tax saving mutual funds with equity linked saving schemes are such schemes in which investors invest to save tax under section 80C of the Income Tax Act along with better returns. Investment made in ELSS funds remains in lock-in period for three years.