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
- Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund · NAV ₹52.85 -3.7% 16.8% 13.5%
- SBI Long Term Advantage Fund - Series VSBI Mutual Fund · NAV ₹30.07 -7.3% 17.4% 12.0%
- SBI ELSS Tax Saver FundSBI Mutual Fund · NAV ₹405.66 -11.0% 11.6% 11.7%
- HDFC ELSS - Tax Saver FundHDFC Mutual Fund · NAV ₹1,318.65 -12.1% 11.1% 11.6%
- Quant ELSS Tax Saver Fundquant Mutual Fund · NAV ₹390.11 -0.9% 12.3% 11.2%
- JM ELSS - Tax Saver FundJM Financial Mutual Fund · NAV ₹49.29 -3.8% 13.1% 10.3%
- BANK OF INDIA MID CAP TAX FUND SERIES 1Bank of India Mutual Fund · NAV ₹28.44 -0.1% 12.9% 9.6%
- SBI Long Term Advantage Fund - Series VISBI Mutual Fund · NAV ₹28.54 -9.0% 7.5% 9.5%
- DSP ELSS Tax Saver FundDSP Mutual Fund · NAV ₹131.37 -8.8% 11.3% 9.3%
- Nippon India ELSS Tax Saver FundNippon India Mutual Fund · NAV ₹124.53 -7.6% 10.3% 9.0%
- Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund · NAV ₹111.50 -7.6% 8.4% 8.9%
- BANK OF INDIA MID CAP TAX FUND Series 2Bank of India Mutual Fund · NAV ₹32.87 -4.0% 11.8% 8.8%
- ITI ELSS Tax Saver FundITI Mutual Fund · NAV ₹22.93 -9.2% 12.2% 8.5%
- Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund · NAV ₹28.30 -13.6% 7.6% 8.5%
- Tata ELSS - Tax Saver FundTata Mutual Fund · NAV ₹43.66 -5.9% 9.8% 8.5%
- BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund · NAV ₹148.46 -6.5% 7.9% 8.4%
- Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund · NAV ₹109.15 -6.0% 10.6% 8.3%
- Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund · NAV ₹1,360.97 -11.8% 8.4% 8.2%
- Taurus ELSS Tax Saver FundTaurus Mutual Fund · NAV ₹175.92 -9.8% 8.8% 8.1%
- Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund · NAV ₹47.13 -9.2% 9.8% 7.6%
- Quantum ELSS Tax Saver FundQuantum Mutual Fund · NAV ₹112.15 -12.5% 7.7% 7.4%
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) FundUnion Mutual Fund · NAV ₹62.03 -9.5% 7.9% 7.3%
- ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund · NAV ₹881.19 -10.5% 8.9% 7.1%
- Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund · NAV ₹169.99 -7.7% 9.3% 7.0%
- SBI Long Term Advantage Fund - Series IVSBI Mutual Fund · NAV ₹43.00 -11.9% 5.0% 6.5%
- PGIM India ELSS Tax Saver FundPGIM India Mutual Fund · NAV ₹33.10 -9.5% 6.6% 6.5%
- Invesco India ELSS Tax Saver FundInvesco Mutual Fund · NAV ₹119.40 -10.3% 9.0% 6.3%
- Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund · NAV ₹25.91 -13.2% 5.6% 5.9%
- LIC MF ELSS Tax Saver FundLIC Mutual Fund · NAV ₹139.40 -12.7% 6.6% 5.8%
- Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund · NAV ₹57.83 -9.8% 8.9% 5.7%
- UTI - Master Equity Plan Unit SchemeUTI Mutual Fund · NAV ₹215.44 -10.5% 6.2% 5.3%
- Groww ELSS Tax Saver FundGroww Mutual Fund · NAV ₹18.16 -13.4% 6.2% 5.1%
- UTI ELSS Tax Saver FundUTI Mutual Fund · NAV ₹189.60 -11.6% 6.0% 4.8%
- Shriram ELSS Tax Saver FundShriram Mutual Fund · NAV ₹19.60 -10.2% 4.4% 3.7%
- Axis ELSS- Tax Saver FundAxis Mutual Fund · NAV ₹93.71 -8.1% 8.5% 3.5%
- BANK OF INDIA ELSS TAX SAVER FUNDBank of India Mutual Fund · NAV ₹156.20 — — —
- Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual Fund · NAV ₹10.87 — — —
- Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund · NAV ₹93.12 -6.2% 12.6% —
- HSBC ELSS Tax saver FundHSBC Mutual Fund · NAV ₹132.99 -5.1% 14.5% —
- NAVI ELSS TAX SAVER NIFTY50 INDEX FUNDNavi Mutual Fund · NAV ₹13.57 -12.4% 6.4% —
- NJ ELSS Tax Saver FundNJ Mutual Fund · NAV ₹13.02 -9.8% 6.5% —
- Samco ELSS Tax Saver FundSamco Mutual Fund · NAV ₹12.32 -8.8% 1.1% —
- Sundaram ELSS Tax Saver FundSundaram Mutual Fund · NAV ₹465.82 -12.1% 7.5% —
- WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual Fund · NAV ₹17.18 -5.4% 13.9% —
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.