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Best Tax Savings ELSS Mutual Funds

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ELSS or equity linked savings scheme is like any other equity mutual fund scheme, with a crucial difference of offering tax benefits. An ELSS gives you tax deduction benefit of up to ₹1.5 lakh under Section 80C.
Tax Saving ELSS Mutual Funds as on Apr-2020

Fund Name

NAV (Rs.)
AUM (Cr.)
Returns Since inception
Returns
Is it a Sahi Mutual Fund?

Past

Avg Rolling
Quality
Performance
Axis Long Term Equity Fund
 36.26 21,659
13.6
29 Dec' 09
-15.38
2.51
3.43
12.96
17.59
18.83
19.87
16.23
Very Good
Somewhat Good
Aditya Birla SL Tax Relief 96(G)
 23.79 10,073
7.7
10 Mar' 08
-23.88
-2.15
1.95
8.91
14.19
14.70
15.79
14.39
Somewhat Good
Not Good
Aditya Birla SL Tax Relief 96(ELSS U/S 80C of IT AC...
 23.79 10,073
7.59
10 Mar' 08
-23.88
-2.15
1.95
8.91
14.19
14.70
15.79
14.39
Somewhat Good
Not Good
Nippon India Tax Saver (ELSS) Fund
 34.41 9,528
9.04
21 Sep' 05
-37.54
-13.74
-6.36
5.82
15.57
14.90
14.70
14.90
Risky
Not Good
SBI Long Term Equity Fund
 100.87 7,098
8.96
31 Mar' 93
-30.18
-7.07
-2.55
6.02
11.66
11.59
10.60
12.69
Somewhat Good
Not Good
HDFC Tax Saver
 340.19 6,749
15.8
31 Mar' 96
-35.57
-9.89
-3.18
4.41
13.01
13.04
13.07
18.64
Risky
Not Good
ICICI Prudential Long Term Equity Fund (Tax Saving)
 264.35 6,298
17.2
19 Aug' 99
-30.08
-6.34
-0.53
7.31
15.05
14.86
14.45
19.14
Risky
Not Good
DSP Tax Saver Fund
 34.97 6,096
10.1
18 Jan' 07
-25.92
-4.38
1.95
8.64
15.24
14.60
14.68
14.20
Somewhat Good
Very Good
Franklin India Taxshield
 370.49 3,777
18.9
10 Apr' 99
-33.95
-8.13
-2.47
6.64
14.18
14.45
14.85
18.36
Risky
Not Good
Mirae Asset Tax Saver Fund
 12.97 3,282
6.87
28 Dec' 15
-24.84
-0.4
0
0
16.43
15.36
0.00
0.00
Risky
Very Good
L&T Tax Advantage Fund
 37.45 3,206
9.92
27 Feb' 06
-29.88
-6.6
0.08
6
13.78
14.13
13.78
13.75
Somewhat Good
Not Good
Sundaram Diversified Equity
 68.24 2,452
11.8
02 May' 05
-31.06
-8.27
-1.35
5.33
11.19
11.77
12.40
12.24
Somewhat Good
Not Good
Tata India Tax Savings Fund
 13.02 2,060
5.47
13 Oct' 14
-26.19
-3.26
2.08
0
10.69
12.36
9.06
0.00
Very Good
Not Good
IDFC Tax Advantage (ELSS) Fund
 35.60 2,060
12.2
26 Dec' 08
-36.25
-7.45
-2.25
6.94
14.57
15.24
16.47
14.40
Risky
Somewhat Good
UTI Master Equity Plan Unit Scheme
 74.55 1,728
12.7
28 Mar' 03
-31.35
-6.48
-1.27
4.65
10.46
10.12
10.04
10.95
NA
NA
Motilal Oswal Long Term Equity Fund
 12.68 1,686
5.28
21 Jan' 15
-23.7
-4.04
3.81
0
12.29
13.61
8.92
0.00
Somewhat Good
Very Good
UTI Long Term Equity Fund (Tax Saving)
 64.85 1,295
8
01 Aug' 05
-25.13
-4.54
-0.36
5.61
11.03
10.48
10.12
10.14
Somewhat Good
Not Good
HDFC Long Term Advantage Fund
 243.61 1,274
18.1
02 Jan' 01
-32.41
-5.61
0.68
6.68
14.36
13.92
13.41
18.12
Somewhat Good
Not Good
Kotak Tax Saver Fund
 32.60 1,135
8.75
23 Nov' 05
-23.91
-3.78
1.03
6.81
12.98
11.39
10.91
10.91
Somewhat Good
Not Good
Canara Robeco Equity Tax Saver Fund
 51.58 1,036
15.6
02 Feb' 09
-19.74
1.05
1.83
8.24
14.01
13.38
14.00
12.87
Somewhat Good
Somewhat Good
*Based on the Fund’s Ranking within its Category
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FAQs

  • What is an ELSS fund
  • ELSS or equity linked savings scheme is like any other equity mutual fund scheme, with a crucial difference of offering tax benefits. An ELSS gives you tax deduction benefit of up to ₹1.5 lakh under Section 80C.
  • How to choose a good ELSS fund?
  • Quality of the portfolio, consistency of returns, upside potential and Expense ratio are few parameters you should look at while choosing an ELSS fund. Read, 'How to choose the Best ELSS Fund' for details.
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