What is Growth ELSS fund And Value ELSS fund ?

ELSS (Equity Linked Savings Scheme) funds are mutual funds that invest primarily in equity shares of companies. They are eligible for tax deduction under Section 80C of the Income Tax Act. ELSS funds are of two types: Growth ELSS funds and Value ELSS funds.

    Growth ELSS Funds: Growth ELSS funds are focused on investing in companies with high growth potential. These funds aim to provide long-term capital appreciation to their investors. They typically invest in stocks of companies that are expected to grow at a faster pace than the overall market. These funds tend to have a higher allocation to mid-cap and small-cap stocks, which have a higher growth potential but are also more volatile.

Here are the names of some popular Indian Growth ELSS mutual funds:

    1. SBI Magnum Tax Gain Fund
    2. HDFC TaxSaver Fund
    3. ICICI Prudential Long Term Equity Fund 
    4. Kotak Tax Saver Fund
    5. Mirae Asset Tax Saver Fund
    6. Aditya Birla Sun Life Tax Relief 96 Fund
    7. Axis Long Term Equity Fund
    8. IDFC Tax Advantage (ELSS) Fund
    9. L&T Tax Advantage Fund
    10.Motilal Oswal Long Term Equity Fund
    

It's important to note that past performance is not a guarantee of future results, and before investing in any mutual fund, it's important to conduct your own research, assess your investment goals, and consult with a financial advisor if needed.

    Value ELSS Funds: Value ELSS funds invest in stocks of companies that are undervalued in the market. These funds aim to provide long-term capital appreciation by investing in stocks that are trading at a discount to their intrinsic value. These funds tend to have a higher allocation to large-cap stocks, which are considered to be more stable and less volatile compared to mid-cap and small-cap stocks.

Here are the names of some popular Indian Value ELSS mutual funds:

    1. Tata India Tax Savings Fund
    2. Nippon India Tax Saver Fund
    3. ICICI Prudential Value Discovery Fund
    4. HDFC Long Term Advantage Fund
    5. UTI Long Term Equity Fund (Tax Saving)
    6. Axis Value Fund
    7. DSP Tax Saver Fund
    8. IDBI Equity Advantage Fund
    9. Invesco India Tax Plan
    10.Principal Tax Savings Fund 
    
  It's important to note that while these funds follow a value investing strategy, their performance and risk profiles may vary based on factors such as the fund manager's investment decisions, the stock selection criteria, and market conditions. Therefore, it's important to conduct your own research and seek professional advice before investing in any mutual fund.

Both Growth and Value ELSS funds have their own unique investment strategies and carry different levels of risk. It is important to assess your own risk appetite and investment goals before choosing between the two types of ELSS funds. It is also advisable to consult with a financial advisor before making any investment decisions.