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
Returns as of 10 Nov 2026 · Direct · Growth option
- Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund · NAV ₹63.89 7.5% 19.2% 15.6%
- Quant ELSS Tax Saver Fundquant Mutual Fund · NAV ₹474.35 12.8% 15.6% 14.2%
- SBI Long Term Advantage Fund - Series VSBI Mutual Fund · NAV ₹33.41 2.6% 21.0% 14.0%
- HDFC ELSS - Tax Saver FundHDFC Mutual Fund · NAV ₹1,537.40 -1.4% 14.3% 13.9%
- SBI ELSS Tax Saver FundSBI Mutual Fund · NAV ₹473.71 -1.1% 14.8% 13.9%
- JM ELSS - Tax Saver FundJM Financial Mutual Fund · NAV ₹60.36 5.7% 16.3% 12.5%
- DSP ELSS Tax Saver FundDSP Mutual Fund · NAV ₹159.92 1.7% 15.1% 12.0%
- Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund · NAV ₹143.75 5.3% 13.2% 12.0%
- ITI ELSS Tax Saver FundITI Mutual Fund · NAV ₹27.95 0.1% 14.1% 11.8%
- Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund · NAV ₹141.12 4.8% 14.8% 11.6%
- Nippon India ELSS Tax Saver FundNippon India Mutual Fund · NAV ₹148.63 3.4% 13.9% 11.5%
- BANK OF INDIA MID CAP TAX FUND SERIES 1Bank of India Mutual Fund · NAV ₹31.34 9.2% 14.9% 11.5%
- BANK OF INDIA ELSS TAX SAVER FUNDBank of India Mutual Fund · NAV ₹197.70 5.0% 13.1% 11.3%
- Tata ELSS - Tax Saver FundTata Mutual Fund · NAV ₹54.15 4.3% 13.5% 11.1%
- Taurus ELSS Tax Saver FundTaurus Mutual Fund · NAV ₹209.08 2.1% 12.5% 10.9%
- Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund · NAV ₹32.42 -5.1% 9.8% 10.8%
- BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund · NAV ₹185.55 4.1% 11.7% 10.8%
- Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund · NAV ₹1,643.04 -1.3% 11.8% 10.8%
- BANK OF INDIA MID CAP TAX FUND Series 2Bank of India Mutual Fund · NAV ₹36.46 5.6% 13.8% 10.7%
- SBI Long Term Advantage Fund - Series VISBI Mutual Fund · NAV ₹31.04 -2.0% 9.5% 10.5%
- Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund · NAV ₹58.00 1.5% 13.7% 10.4%
- Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund · NAV ₹207.92 4.0% 13.2% 10.0%
- PGIM India ELSS Tax Saver FundPGIM India Mutual Fund · NAV ₹41.66 3.3% 11.1% 10.0%
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) FundUnion Mutual Fund · NAV ₹72.87 1.2% 11.2% 9.7%
- Quantum ELSS Tax Saver FundQuantum Mutual Fund · NAV ₹127.70 -2.1% 11.5% 9.7%
- ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund · NAV ₹1,068.82 1.0% 12.5% 9.6%
- Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund · NAV ₹33.43 -1.6% 10.3% 9.4%
- Invesco India ELSS Tax Saver FundInvesco Mutual Fund · NAV ₹153.31 2.7% 12.8% 9.3%
- LIC MF ELSS Tax Saver FundLIC Mutual Fund · NAV ₹173.40 -1.3% 10.6% 8.9%
- SBI Long Term Advantage Fund - Series IVSBI Mutual Fund · NAV ₹48.91 -3.0% 8.1% 8.9%
- Groww ELSS Tax Saver FundGroww Mutual Fund · NAV ₹22.59 -1.0% 10.6% 8.5%
- Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund · NAV ₹70.28 1.7% 12.7% 8.2%
- UTI ELSS Tax Saver FundUTI Mutual Fund · NAV ₹229.63 -1.4% 9.4% 6.9%
- Shriram ELSS Tax Saver FundShriram Mutual Fund · NAV ₹24.00 -0.1% 8.0% 6.8%
- Axis ELSS- Tax Saver FundAxis Mutual Fund · NAV ₹114.97 4.1% 12.4% 6.4%
- Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual Fund · NAV ₹12.13 4.8% — —
- Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund · NAV ₹115.42 4.2% 15.7% —
- HSBC ELSS Tax saver FundHSBC Mutual Fund · NAV ₹156.09 5.0% 16.5% —
- NAVI ELSS TAX SAVER NIFTY50 INDEX FUNDNavi Mutual Fund · NAV ₹15.25 -1.0% 9.9% —
- NJ ELSS Tax Saver FundNJ Mutual Fund · NAV ₹14.43 -1.6% 8.3% —
- Samco ELSS Tax Saver FundSamco Mutual Fund · NAV ₹13.32 0.4% 2.5% —
- Sundaram ELSS Tax Saver FundSundaram Mutual Fund · NAV ₹536.40 -3.2% 9.7% —
- WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual Fund · NAV ₹19.64 4.9% 17.0% —
Point-to-point CAGR from AMFI NAV history, Direct plans only, computed to 10 Nov 2026 with the same engine the fund pages use, so a fund's number here matches its own page. 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.
Compare any two ELSS (Tax Saving) funds side by side (1,326 comparisons) →
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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.