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 ₹56.66 7.5% 20.2% 15.7%
- SBI Long Term Advantage Fund - Series VSBI Mutual Fund · NAV ₹32.16 1.3% 20.3% 14.7%
- Quant ELSS Tax Saver Fundquant Mutual Fund · NAV ₹403.41 9.1% 13.7% 13.5%
- SBI ELSS Tax Saver FundSBI Mutual Fund · NAV ₹414.78 -4.9% 12.4% 13.4%
- HDFC ELSS - Tax Saver FundHDFC Mutual Fund · NAV ₹1,325.74 -7.9% 11.7% 12.6%
- JM ELSS - Tax Saver FundJM Financial Mutual Fund · NAV ₹52.02 6.0% 15.1% 12.4%
- SBI Long Term Advantage Fund - Series VISBI Mutual Fund · NAV ₹30.44 -1.0% 9.3% 11.5%
- BANK OF INDIA MID CAP TAX FUND SERIES 1Bank of India Mutual Fund · NAV ₹29.94 9.4% 14.4% 11.4%
- ITI ELSS Tax Saver FundITI Mutual Fund · NAV ₹24.94 1.4% 15.1% 10.8%
- BANK OF INDIA MID CAP TAX FUND Series 2Bank of India Mutual Fund · NAV ₹34.64 5.5% 13.5% 10.5%
- Nippon India ELSS Tax Saver FundNippon India Mutual Fund · NAV ₹127.59 -1.4% 11.3% 10.5%
- Tata ELSS - Tax Saver FundTata Mutual Fund · NAV ₹45.89 3.1% 11.4% 10.4%
- DSP ELSS Tax Saver FundDSP Mutual Fund · NAV ₹133.34 -4.1% 11.5% 10.1%
- Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund · NAV ₹114.74 -0.9% 9.6% 10.1%
- Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund · NAV ₹1,380.21 -6.4% 9.4% 10.0%
- Taurus ELSS Tax Saver FundTaurus Mutual Fund · NAV ₹183.01 -2.2% 9.9% 9.8%
- BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund · NAV ₹150.44 -1.5% 8.2% 9.7%
- Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund · NAV ₹111.89 1.7% 11.4% 9.4%
- Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund · NAV ₹48.74 -1.2% 10.9% 9.2%
- Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund · NAV ₹28.51 -11.7% 7.2% 8.9%
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) FundUnion Mutual Fund · NAV ₹64.18 -2.5% 9.3% 8.8%
- SBI Long Term Advantage Fund - Series IVSBI Mutual Fund · NAV ₹45.14 -4.8% 7.2% 8.7%
- ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund · NAV ₹909.05 -4.4% 10.2% 8.6%
- Invesco India ELSS Tax Saver FundInvesco Mutual Fund · NAV ₹124.89 -1.6% 11.4% 8.3%
- Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund · NAV ₹172.95 -2.1% 10.0% 8.2%
- Quantum ELSS Tax Saver FundQuantum Mutual Fund · NAV ₹113.09 -9.0% 7.8% 8.1%
- PGIM India ELSS Tax Saver FundPGIM India Mutual Fund · NAV ₹34.08 -2.4% 7.7% 8.0%
- LIC MF ELSS Tax Saver FundLIC Mutual Fund · NAV ₹145.75 -5.1% 8.6% 7.4%
- Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund · NAV ₹26.45 -7.8% 6.1% 6.9%
- Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund · NAV ₹59.77 -2.3% 9.8% 6.8%
- Groww ELSS Tax Saver FundGroww Mutual Fund · NAV ₹18.39 -8.4% 7.4% 6.2%
- UTI ELSS Tax Saver FundUTI Mutual Fund · NAV ₹194.21 -6.0% 6.9% 5.8%
- UTI - Master Equity Plan Unit SchemeUTI Mutual Fund · NAV ₹215.25 -6.9% 6.3% 5.8%
- Shriram ELSS Tax Saver FundShriram Mutual Fund · NAV ₹20.09 -4.2% 5.4% 4.8%
- Axis ELSS- Tax Saver FundAxis Mutual Fund · NAV ₹94.86 -2.3% 9.5% 4.2%
- BANK OF INDIA ELSS TAX SAVER FUNDBank of India Mutual Fund · NAV ₹162.64 — — —
- Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual Fund · NAV ₹11.32 — — —
- Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund · NAV ₹96.91 2.1% 13.5% —
- HSBC ELSS Tax saver FundHSBC Mutual Fund · NAV ₹139.74 2.8% 15.2% —
- NAVI ELSS TAX SAVER NIFTY50 INDEX FUNDNavi Mutual Fund · NAV ₹13.58 -7.9% 5.4% —
- NJ ELSS Tax Saver FundNJ Mutual Fund · NAV ₹13.79 -4.2% 7.4% —
- Samco ELSS Tax Saver FundSamco Mutual Fund · NAV ₹13.20 0.2% 3.4% —
- Sundaram ELSS Tax Saver FundSundaram Mutual Fund · NAV ₹479.14 -6.9% 7.4% —
- WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual Fund · NAV ₹17.58 0.5% 14.0% —
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.