ELSS (Tax Saving) Mutual Funds
At least 80% in equity, with every investment locked for three years.
The only mutual fund that cuts your tax bill — up to ₹1.5 lakh a year under Section 80C of the old regime. The three-year lock is per instalment, so a SIP started today frees up one instalment at a time.
Who it suits. Anybody using the old tax regime who would be investing in equity anyway. Hold for The 3-year lock is a floor, not a plan — treat it as 7 years.
Direct plans in this category
- Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund · NAV ₹61.49 -2.6% 18.2% 14.9%
- Quant ELSS Tax Saver Fundquant Mutual Fund · NAV ₹440.28 0.1% 13.5% 12.6%
- SBI ELSS Tax Saver FundSBI Mutual Fund · NAV ₹438.05 -10.4% 12.4% 12.4%
- SBI Long Term Advantage Fund - Series VSBI Mutual Fund · NAV ₹31.42 -7.0% 17.8% 12.4%
- HDFC ELSS - Tax Saver FundHDFC Mutual Fund · NAV ₹1,419.62 -11.6% 11.7% 12.3%
- JM ELSS - Tax Saver FundJM Financial Mutual Fund · NAV ₹57.15 -2.5% 14.5% 11.5%
- ITI ELSS Tax Saver FundITI Mutual Fund · NAV ₹26.39 -7.2% 13.5% 10.6%
- DSP ELSS Tax Saver FundDSP Mutual Fund · NAV ₹146.49 -7.9% 12.4% 10.3%
- Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund · NAV ₹131.25 -6.6% 9.6% 10.2%
- Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund · NAV ₹131.18 -4.4% 12.4% 10.1%
- SBI Long Term Advantage Fund - Series VISBI Mutual Fund · NAV ₹29.75 -8.8% 7.8% 9.9%
- BANK OF INDIA MID CAP TAX FUND SERIES 1Bank of India Mutual Fund · NAV ₹29.64 0.2% 13.2% 9.8%
- Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund · NAV ₹30.70 -12.7% 8.8% 9.7%
- Nippon India ELSS Tax Saver FundNippon India Mutual Fund · NAV ₹136.78 -7.0% 11.1% 9.7%
- Tata ELSS - Tax Saver FundTata Mutual Fund · NAV ₹50.56 -4.8% 11.0% 9.7%
- BANK OF INDIA ELSS TAX SAVER FUNDBank of India Mutual Fund · NAV ₹184.03 -4.1% 11.4% 9.7%
- BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund · NAV ₹171.19 -5.5% 9.1% 9.6%
- Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund · NAV ₹1,508.09 -11.1% 9.2% 9.1%
- BANK OF INDIA MID CAP TAX FUND Series 2Bank of India Mutual Fund · NAV ₹34.20 -3.8% 12.1% 9.1%
- Taurus ELSS Tax Saver FundTaurus Mutual Fund · NAV ₹192.35 -9.2% 9.5% 8.8%
- Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund · NAV ₹53.62 -8.3% 10.9% 8.8%
- Quantum ELSS Tax Saver FundQuantum Mutual Fund · NAV ₹119.17 -11.4% 9.0% 8.3%
- Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund · NAV ₹190.73 -6.6% 10.5% 8.3%
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) FundUnion Mutual Fund · NAV ₹67.89 -8.7% 8.9% 8.2%
- PGIM India ELSS Tax Saver FundPGIM India Mutual Fund · NAV ₹38.29 -8.1% 8.2% 8.1%
- ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund · NAV ₹974.57 -9.9% 9.6% 7.8%
- Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund · NAV ₹30.70 -11.9% 7.2% 7.6%
- Invesco India ELSS Tax Saver FundInvesco Mutual Fund · NAV ₹142.43 -9.3% 10.3% 7.5%
- LIC MF ELSS Tax Saver FundLIC Mutual Fund · NAV ₹159.72 -11.7% 7.9% 7.0%
- SBI Long Term Advantage Fund - Series IVSBI Mutual Fund · NAV ₹45.08 -11.6% 5.4% 7.0%
- Groww ELSS Tax Saver FundGroww Mutual Fund · NAV ₹20.74 -12.0% 7.9% 6.8%
- Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund · NAV ₹64.70 -9.2% 9.7% 6.5%
- UTI ELSS Tax Saver FundUTI Mutual Fund · NAV ₹213.98 -10.7% 7.0% 5.8%
- Shriram ELSS Tax Saver FundShriram Mutual Fund · NAV ₹22.36 -8.7% 6.1% 5.5%
- Axis ELSS- Tax Saver FundAxis Mutual Fund · NAV ₹105.36 -7.5% 9.2% 4.3%
- Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual Fund · NAV ₹11.20 — — —
- Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund · NAV ₹106.17 -5.1% 14.0% —
- HSBC ELSS Tax saver FundHSBC Mutual Fund · NAV ₹146.45 -4.4% 15.3% —
- NAVI ELSS TAX SAVER NIFTY50 INDEX FUNDNavi Mutual Fund · NAV ₹13.85 -11.7% 7.4% —
- NJ ELSS Tax Saver FundNJ Mutual Fund · NAV ₹13.83 -8.3% 8.4% —
- Samco ELSS Tax Saver FundSamco Mutual Fund · NAV ₹13.08 -7.6% 2.5% —
- Sundaram ELSS Tax Saver FundSundaram Mutual Fund · NAV ₹498.09 -11.6% 8.1% —
- WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual Fund · NAV ₹18.34 -3.8% 15.8% —
Point-to-point CAGR from AMFI NAV history, Direct plans only. Ordered by five-year return so the list has a shape, not because the order is a judgement. Past returns do not predict future ones — a fund near the top is usually there because its style suited the last five years, and styles take turns.
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Questions people ask
What is a ELSS (Tax Saving) fund?
At least 80% in equity, with every investment locked for three years. The only mutual fund that cuts your tax bill — up to ₹1.5 lakh a year under Section 80C of the old regime. The three-year lock is per instalment, so a SIP started today frees up one instalment at a time.
Who should invest in ELSS (Tax Saving) funds?
Anybody using the old tax regime who would be investing in equity anyway. A sensible holding period is The 3-year lock is a floor, not a plan — treat it as 7 years.
How is this list ordered?
By five-year CAGR computed from AMFI's published NAV history, within one plan type. It is a sort, not a verdict — a fund near the top is there because its style suited the last five years, which is not a promise about the next five.
Should I choose the Direct or Regular plan?
A Direct plan holds exactly the same portfolio without the distributor commission, so its expense ratio is lower — commonly 0.5% to 1.2% a year — and it compounds ahead of the Regular plan for ever. Choose Regular only if you want an intermediary's advice and are content to pay for it annually.