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
- Quant ELSS Tax Saver Fundquant Mutual Fund · NAV ₹465.46 15.1% 16.9% 17.6%
- SBI Long Term Advantage Fund - Series VSBI Mutual Fund · NAV ₹34.19 3.7% 21.8% 17.3%
- SBI ELSS Tax Saver FundSBI Mutual Fund · NAV ₹473.99 -0.1% 16.4% 16.8%
- JM ELSS - Tax Saver FundJM Financial Mutual Fund · NAV ₹61.67 9.9% 18.3% 16.4%
- HDFC ELSS - Tax Saver FundHDFC Mutual Fund · NAV ₹1,516.21 -2.0% 15.3% 16.3%
- ITI ELSS Tax Saver FundITI Mutual Fund · NAV ₹29.46 8.3% 19.5% 15.2%
- Tata ELSS FundTata Mutual Fund · NAV ₹55.66 9.9% 14.7% 14.6%
- SBI Long Term Advantage Fund - Series VISBI Mutual Fund · NAV ₹32.69 1.3% 11.9% 14.1%
- Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund · NAV ₹142.07 9.0% 15.8% 14.1%
- DSP ELSS Tax Saver FundDSP Mutual Fund · NAV ₹157.10 2.0% 15.4% 13.8%
- Nippon India ELSS Tax Saver FundNippon India Mutual Fund · NAV ₹145.13 2.1% 14.3% 13.7%
- Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund · NAV ₹141.12 3.9% 13.2% 13.7%
- Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund · NAV ₹1,623.45 -1.8% 13.2% 13.6%
- BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund · NAV ₹181.60 3.7% 11.5% 13.6%
- BANK OF INDIA MID CAP TAX FUND SERIES 1Bank of India Mutual Fund · NAV ₹31.60 11.0% 16.6% 13.2%
- BANK OF INDIA ELSS TAX SAVER FUNDBank of India Mutual Fund · NAV ₹196.63 7.1% 15.1% 13.2%
- Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund · NAV ₹31.97 -7.1% 11.2% 13.0%
- Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund · NAV ₹58.43 4.8% 14.4% 12.9%
- SBI Long Term Advantage Fund - Series IVSBI Mutual Fund · NAV ₹50.47 3.1% 10.8% 12.6%
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) FundUnion Mutual Fund · NAV ₹73.21 2.8% 12.6% 12.5%
- Taurus ELSS Tax Saver FundTaurus Mutual Fund · NAV ₹202.66 -1.0% 12.1% 12.3%
- BANK OF INDIA MID CAP TAX FUND Series 2Bank of India Mutual Fund · NAV ₹36.79 7.6% 15.8% 12.2%
- ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund · NAV ₹1,058.23 0.8% 13.2% 12.0%
- Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund · NAV ₹204.58 3.8% 13.6% 12.0%
- Invesco India ELSS Tax Saver FundInvesco Mutual Fund · NAV ₹154.42 3.2% 14.5% 12.0%
- PGIM India ELSS Tax Saver FundPGIM India Mutual Fund · NAV ₹41.01 1.2% 10.8% 11.9%
- Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund · NAV ₹33.20 -1.3% 10.6% 11.5%
- Quantum ELSS Tax Saver FundQuantum Mutual Fund · NAV ₹125.88 -4.1% 11.8% 11.1%
- LIC MF ELSS Tax Saver FundLIC Mutual Fund · NAV ₹172.78 -1.3% 11.7% 10.9%
- Groww ELSS Tax Saver FundGroww Mutual Fund · NAV ₹22.27 -3.6% 11.6% 10.6%
- Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund · NAV ₹70.35 2.6% 13.2% 9.9%
- UTI ELSS Tax Saver FundUTI Mutual Fund · NAV ₹230.65 0.2% 11.0% 9.6%
- Shriram ELSS Tax Saver FundShriram Mutual Fund · NAV ₹23.95 0.8% 9.3% 9.4%
- Axis ELSS- Tax Saver FundAxis Mutual Fund · NAV ₹112.71 1.9% 13.2% 8.0%
- Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual Fund · NAV ₹12.08 — — —
- Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund · NAV ₹117.18 7.9% 17.7% —
- HSBC ELSS Tax saver FundHSBC Mutual Fund · NAV ₹158.71 8.2% 18.3% —
- Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund · NAV ₹67.21 — — —
- NAVI ELSS TAX SAVER NIFTY50 INDEX FUNDNavi Mutual Fund · NAV ₹14.73 -2.5% 8.7% —
- NJ ELSS Tax Saver FundNJ Mutual Fund · NAV ₹15.15 -1.1% 11.9% —
- Samco ELSS Tax Saver FundSamco Mutual Fund · NAV ₹13.84 0.2% 6.0% —
- Sundaram ELSS Tax Saver FundSundaram Mutual Fund · NAV ₹539.44 -2.9% 10.4% —
- WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual Fund · NAV ₹19.62 6.5% 18.6% —
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.