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.
Regular plans in this category
- SBI Long Term Advantage Fund - Series VSBI Mutual Fund · NAV ₹32.78 3.3% 21.4% 16.9%
- Quant ELSS Tax Saver Fundquant Mutual Fund · NAV ₹411.44 13.9% 15.7% 16.1%
- SBI ELSS Tax Saver FundSBI Mutual Fund · NAV ₹435.55 -0.7% 15.6% 16.1%
- HDFC ELSS - Tax Saver FundHDFC Mutual Fund · NAV ₹1,394.75 -2.6% 14.6% 15.6%
- JM ELSS - Tax Saver FundJM Financial Mutual Fund · NAV ₹53.21 8.4% 16.8% 15.1%
- SBI Long Term Advantage Fund - Series VISBI Mutual Fund · NAV ₹31.36 0.9% 11.5% 13.7%
- Tata ELSS FundTata Mutual Fund · NAV ₹48.04 8.7% 13.5% 13.3%
- ITI ELSS Tax Saver FundITI Mutual Fund · NAV ₹25.74 6.4% 17.3% 13.1%
- BANK OF INDIA MID CAP TAX FUND SERIES 1Bank of India Mutual Fund · NAV ₹30.45 10.7% 16.5% 13.0%
- Nippon India ELSS Tax Saver FundNippon India Mutual Fund · NAV ₹131.24 1.4% 13.5% 12.9%
- DSP ELSS Tax Saver FundDSP Mutual Fund · NAV ₹140.01 1.0% 14.3% 12.7%
- Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund · NAV ₹1,443.81 -2.5% 12.3% 12.7%
- BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund · NAV ₹156.21 2.6% 10.3% 12.3%
- Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund · NAV ₹118.97 2.8% 11.9% 12.3%
- Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund · NAV ₹117.99 7.2% 13.9% 12.2%
- SBI Long Term Advantage Fund - Series IVSBI Mutual Fund · NAV ₹47.87 2.7% 10.3% 12.1%
- BANK OF INDIA MID CAP TAX FUND Series 2Bank of India Mutual Fund · NAV ₹35.32 7.4% 15.8% 12.0%
- Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund · NAV ₹51.10 3.8% 13.3% 11.8%
- Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund · NAV ₹29.38 -8.1% 10.0% 11.7%
- Taurus ELSS Tax Saver FundTaurus Mutual Fund · NAV ₹184.65 -1.6% 11.5% 11.6%
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) FundUnion Mutual Fund · NAV ₹66.74 1.8% 11.6% 11.5%
- ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund · NAV ₹946.92 0.2% 12.5% 11.3%
- Invesco India ELSS Tax Saver FundInvesco Mutual Fund · NAV ₹128.95 2.0% 13.2% 10.7%
- Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund · NAV ₹180.79 2.7% 12.3% 10.7%
- PGIM India ELSS Tax Saver FundPGIM India Mutual Fund · NAV ₹35.23 -0.3% 9.2% 10.3%
- Quantum ELSS Tax Saver FundQuantum Mutual Fund · NAV ₹118.51 -5.2% 10.5% 10.1%
- Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund · NAV ₹27.84 -2.8% 8.9% 9.8%
- LIC MF ELSS Tax Saver FundLIC Mutual Fund · NAV ₹149.40 -2.5% 10.3% 9.6%
- Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund · NAV ₹62.53 1.8% 12.4% 9.1%
- Groww ELSS Tax Saver FundGroww Mutual Fund · NAV ₹19.31 -5.0% 9.9% 8.8%
- UTI - Master Equity Plan Unit SchemeUTI Mutual Fund · NAV ₹225.49 -2.3% 8.9% 8.5%
- UTI ELSS Tax Saver FundUTI Mutual Fund · NAV ₹203.93 -0.8% 9.9% 8.5%
- Shriram ELSS Tax Saver FundShriram Mutual Fund · NAV ₹20.94 -0.8% 7.6% 7.5%
- Axis ELSS- Tax Saver FundAxis Mutual Fund · NAV ₹99.01 1.2% 12.4% 7.2%
- BANK OF INDIA ELSS TAX SAVER FUNDBank of India Mutual Fund · NAV ₹166.58 — — —
- Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual Fund · NAV ₹11.75 — — —
- Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund · NAV ₹102.58 6.6% 16.3% —
- HSBC ELSS Tax saver FundHSBC Mutual Fund · NAV ₹144.41 7.4% 17.4% —
- Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund · NAV ₹57.92 — — —
- NAVI ELSS TAX SAVER NIFTY50 INDEX FUNDNavi Mutual Fund · NAV ₹14.26 -3.3% 7.7% —
- NJ ELSS Tax Saver FundNJ Mutual Fund · NAV ₹14.31 -2.8% 9.9% —
- Samco ELSS Tax Saver FundSamco Mutual Fund · NAV ₹13.13 -1.1% 4.6% —
- Sundaram ELSS Tax Saver FundSundaram Mutual Fund · NAV ₹501.52 -3.4% 9.8% —
- WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual Fund · NAV ₹18.36 4.7% 16.7% —
Point-to-point CAGR from AMFI NAV history, Regular 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.
Other categories
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.