Top 7 tax-saving MF schemes with their prized stocks to boast of

ETMarkets has conducted an analysis of top 7 equity-linked saving schemes (ELSS) using ET Mutual Fund screeners, revealing their returns of over 15% in the past year. The analysis focuses on the top holding stocks of each scheme, indicating that a majority of these funds are invested in sectors such as financials, technology, automobile, and energy. Tax-saving mutual funds are those which invest at least 80% of their assets in equities. The tax-saving mutual funds are essentially equity-linked saving schemes (ELSS) that offer tax benefits to investors under Section 80C of the Income Tax Act, 1961