Here are the top 10 mutual fund schemes that gave highest return in 1 year, according to Crisil

SUMMARY

Mutual funds provide economies of scale, high level of diversification, liquidity, and are managed by fund managers. However, the return on the scheme depends upon the market volatility. Ratings agency Crisil ranked mutual fund schemes that have given the highest return as of March 31, 2019, in the ELSS category, under a regular plan. The returns calculated on the respective scheme is a collation of the data calculated up till May 24. Mutual Fund schemes are the most sought-after investment methods. Here are the top 10 mutual fund schemes based on their one-year return rates:

By CNBC-TV18May 31, 2019 2:41:22 PM IST (Updated)

Canara Robeco Equity Tax Saver: The scheme gave a one-year return of 13.22 percent. (stock image)

Mirae Asset Mutual Fund: The fund gave 12.13 percent return in a year.

Kotak Saver Scheme: The mutual fund scheme gave a one-year return of 12.44 percent.

DSP Tax Saver Fund: The scheme gave a one-year return of 9.40 percent.

ICICI Prudential Long Term Equity Fund (Tax Saving): The scheme gave 10.98 percent return in one year. (stock image)

Tata India Tax Savings Fund: The scheme gave a return of 7.17 percent in one year. (stock image)

JM Tax Gain Fund: The fund gave a return of 7.03 percent in one year. (stock image)

Axis Long Term Equity Fund: The fund gave a 6.80 percent return in one year. (stock image)

DHFL Pramerica Long Term Equity Fund: The fund gave a return of 6.32 percent in one year.

HDFC Tax Saver Fund: The fund gaves a one-year return of 6.02 percent.