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Best ELSS Mutual Funds 2026

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.
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AUM (Cr.)
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Returns Since
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Returns
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Past
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Avg Rolling
 CAGR
Fund DeciZen
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Q
Sundaram LT Tax Adv Fund-Sr III-(G)-Direct ...
32.40 35
14.9
28 Mar' 18
11.3
15.7
17.68
N/A
21.64
25.22
24.93
N/A
 cagr
25
Q
Quant ELSS Tax Saver Fund(G)-Direct Plan
462.73 13,382
19.8
07 Jan' 13
13.04
15.1
14.43
18.48
24.27
23.26
23.22
22.96
 cagr
23
Q
Bank of India Midcap Tax Fund-Sr 1(G)-Direc...
31.53 65
14.4
19 Feb' 18
8.63
15.27
12.36
N/A
18.48
20.86
20.04
N/A
 cagr
21
Q
Mirae Asset ELSS Tax Saver Fund(G)-Direct Plan
57.70 26,373
17.8
28 Dec' 15
4.17
12.82
12.02
14.21
19.87
18.48
19.53
18.13
 cagr
18
Q
Bank of India ELSS Tax Saver Fund(G)-Direct...
195.10 1,395
16.8
01 Jan' 13
2.77
12.42
11.51
14.52
19.33
18.14
18.10
17.97
 cagr
18
Q
JM ELSS-Tax Saver Fund(G)-Direct Plan
61.05 242
17
01 Jan' 13
8.31
15.8
14.83
14.32
18.70
17.75
17.35
17.28
 cagr
18
Q
DSP ELSS Tax Saver Fund(G)-Direct Plan
155.09 16,738
16.5
01 Jan' 13
0.87
14.14
12.66
13.53
18.22
17.69
17.30
17.24
 cagr
18
Q
Kotak ELSS Tax Saver Fund(G)-Direct Plan
139.35 6,342
15.1
01 Jan' 13
1.77
11.05
12.02
12.5
16.94
16.86
16.59
16.54
 cagr
17
Q
Canara Rob ELSS-Tax Saver Fund(G)-Direct Plan
202.11 8,758
15
01 Jan' 13
3.26
11.56
10.97
13.82
16.95
16.19
16.49
16.32
 cagr
16
Q
Tata ELSS-Tax Saver Fund(G)-Direct Plan
55.02 4,664
15.4
13 Oct' 14
6.55
12.37
13
12.21
16.55
15.77
15.53
15.63
 cagr
16
Q
ICICI Pru ELSS-Tax Saver Fund(G)-Direct Plan
1044.00 14,292
14.7
01 Jan' 13
1.97
11.97
11.66
12.39
15.27
14.88
14.96
14.86
 cagr
15
Q
Parag Parikh ELSS Tax Saver Fund(G)-Direct ...
31.75 5,700
17.6
24 Jul' 19
-6.48
10.25
12.03
N/A
21.75
21.36
21.47
N/A
 cagr
21
Q
Sundaram LT Micro Cap Tax Adv Fund-Sr V-(G)...
31.41 32
13.3
05 Jul' 17
8.74
15.33
15.75
13.21
18.11
21.07
21.88
13.60
 cagr
21
Q
Bank of India Midcap Tax Fund-Sr 2(G)-Direc...
36.76 33
18
19 Oct' 18
6.47
15.08
11.48
N/A
20.55
20.65
20.66
N/A
 cagr
21
Q
SBI LT Advantage Fund-V-(G)-Direct Plan
33.75 379
15.5
27 Mar' 18
3.42
20.1
16.7
N/A
18.54
19.88
19.30
N/A
 cagr
20
Q
Bandhan ELSS-Tax Saver Fund(G)-Direct Plan
179.66 7,005
16.5
01 Jan' 13
3.77
9.9
12.04
12.95
18.48
17.33
17.36
17.26
 cagr
17
Q
Invesco India ELSS Tax Saver Fund(G)-Direct...
152.61 2,699
16.1
01 Jan' 13
0.45
12.19
10.17
12.02
15.96
16.05
16.05
15.95
 cagr
16
Q
ITI ELSS Tax Saver Fund(G)-Direct Plan
29.30 455
16.9
18 Oct' 19
4.66
16.09
11.93
N/A
21.25
20.47
18.87
N/A
 cagr
20
Q
ICICI Pru LT Wealth Enhancement Fund(G)-Dir...
30.45 40
14.1
23 Mar' 18
4.17
15.1
15.77
N/A
16.85
19.24
18.96
N/A
 cagr
19
Q
Sundaram LT Micro Cap Tax Adv Fund-Sr IV-(G...
31.87 37
13
24 Mar' 17
8.4
14.66
16.25
12.6
17.14
19.09
20.93
12.75
 cagr
19
Q
Motilal Oswal ELSS Tax Saver Fund(G)-Direct...
66.69 4,784
17.7
21 Jan' 15
5.16
20.25
16.33
13.97
20.14
18.23
17.27
18.23
 cagr
18
Q
Sundaram LT Micro Cap Tax Adv Fund-Sr III-(...
36.96 78
14.3
18 Nov' 16
8.4
14.48
15.96
12.27
17.51
17.69
19.99
13.03
 cagr
18
Q
SBI ELSS Tax Saver Fund(G)-Direct Plan
466.14 32,300
15.2
01 Jan' 13
1.34
15.73
16.3
13.63
17.14
16.31
15.53
15.41
 cagr
16
Q
Franklin India ELSS Tax Saver Fund(G)-Direc...
1606.50 6,239
14.8
01 Jan' 13
-2.48
11.91
12.83
11.71
15.62
15.47
15.07
14.97
 cagr
15
Q
Mahindra Manulife ELSS Tax Saver Fund(G)-Di...
32.74 904
12.8
18 Oct' 16
-1.8
8.59
10.06
10.02
14.50
15.42
16.70
12.87
 cagr
15
Q
PGIM India ELSS Tax Saver Fund(G)-Direct Plan
40.58 718
13.9
11 Dec' 15
-0.83
8.15
9.97
11.09
15.72
15.28
16.77
14.68
 cagr
15
Q
HDFC ELSS-Tax Saver Fund(G)-Direct Plan
1493.49 16,095
14.1
01 Jan' 13
-0.83
14.32
15.85
11.72
16.39
15.15
14.35
14.29
 cagr
15
Q
Sundaram ELSS Tax Saver Fund(G)-Direct Plan
532.70 1,296
14.3
01 Jan' 13
-1.94
9.33
11.02
10.81
15.70
15.14
15.02
15.00
 cagr
15
Q
HSBC ELSS Tax saver Fund(G)-Direct Plan
157.37 4,115
14.9
01 Jan' 13
5.07
16.13
13.23
11.64
16.05
15.10
14.35
14.34
 cagr
15
Q
Shriram ELSS Tax Saver Fund(G)-Direct Plan
23.61 48
11.9
25 Jan' 19
0.29
7.45
8.33
N/A
13.78
15.01
15.19
N/A
 cagr
15
Q
Groww ELSS Tax Saver Fund(G)-Direct Plan
21.92 51
9.5
28 Dec' 17
-4.68
8.83
8.99
N/A
12.33
14.84
14.43
N/A
 cagr
15
Q
Baroda BNP Paribas ELSS Tax Saver Fund(G)-D...
115.32 917
15
02 Jan' 13
6.64
15.34
12.36
11.91
15.19
14.75
14.48
14.44
 cagr
15
Q
Edelweiss ELSS Tax saver Fund(G)-Direct Plan
140.58 455
14.7
21 Jan' 13
7.17
12.78
11.91
11.3
15.32
14.58
14.31
14.25
 cagr
15
Q
Taurus ELSS Tax Saver Fund(G)-Direct Plan
201.05 73
12.8
01 Jan' 13
-1.03
11.39
11.5
11.22
14.79
14.47
14.09
14.08
 cagr
14
Q
Axis ELSS-Tax Saver Fund(G)-Direct Plan
111.86 32,592
15.9
01 Jan' 13
2.15
11.04
7.66
10.91
14.14
14.46
14.95
14.81
 cagr
14
Q
LIC MF ELSS Tax Saver Fund(G)-Direct Plan
171.51 1,030
13.6
01 Jan' 13
-2.19
10.22
10.44
10.69
14.50
14.07
14.03
13.97
 cagr
14
Q
UTI ELSS Tax Saver Fund(G)-Direct Plan
227.70 3,524
13.1
02 Jan' 13
0.09
9.35
8.61
10.65
14.39
13.96
14.01
13.91
 cagr
14
Q
Union ELSS Tax Saver Fund(G)-Direct Plan
72.54 861
13.3
01 Jan' 13
1.83
10.76
11.49
12.42
14.81
13.91
13.95
13.78
 cagr
14
Q
Quantum ELSS Tax Saver Fund(G)-Direct Plan
124.65 213
15.3
23 Dec' 08
-1.44
11.77
11.62
10.73
13.95
13.39
13.35
12.76
 cagr
13
Q
Nippon India ELSS Tax Saver Fund(G)-Direct ...
143.12 14,910
13.7
01 Jan' 13
2.51
13.18
13.42
8.9
14.35
13.36
12.59
12.54
 cagr
13
Q
Aditya Birla SL ELSS Tax Saver Fund(G)-Dire...
69.51 14,660
13.7
01 Jan' 13
3.13
11.86
8.94
9.05
12.73
13.04
12.85
12.84
 cagr
13
Q
WOC ELSS Tax Saver Fund(G)-Direct Plan
19.46 494
18.6
14 Oct' 22
3.68
15.78
N/A
N/A
21.09
19.94
N/A
N/A
 cagr
20
Q
NJ ELSS Tax Saver Fund(G)-Direct Plan
14.95 346
13.3
16 Jun' 23
-3.67
10.32
N/A
N/A
9.26
11.70
N/A
N/A
 cagr
12
Q
360 ONE ELSS Tax Saver Nifty 50 Index Fund(...
13.58 70
8.7
28 Dec' 22
-0.79
7.99
N/A
N/A
11.72
10.45
N/A
N/A
 cagr
10
Q
Navi ELSS Tax Saver Nifty 50 Index Fund(G)-...
14.53 158
11.4
20 Mar' 23
-1.44
7.25
N/A
N/A
10.58
9.00
N/A
N/A
 cagr
9
Q
Samco ELSS Tax Saver Fund(G)-Direct Plan
14.01 105
9.5
22 Dec' 22
-5.23
3.58
N/A
N/A
8.05
6.83
N/A
N/A
 cagr
7
Q
Bajaj Finserv ELSS-Tax Saver Fund(G)-Direct...
11.98 89
12
29 Jan' 25
4.43
N/A
N/A
N/A
6.89
N/A
N/A
N/A
 cagr
N/A
Q
Zerodha ELSS Tax Saver Nifty LargeMidcap 25...
14.46 290
13.9
08 Nov' 23
5.59
N/A
N/A
N/A
7.01
N/A
N/A
N/A
 cagr
N/A
Q

Categories:

Flexi Cap Funds Large Cap Funds Mid Cap Funds Small Cap Funds Multi Cap Funds Large & Mid Cap Funds Tax Saver Funds Index Funds ETF Funds

Fund House (AMC):

Aditya Birla Axis BNP Paribas DSP Franklin HDFC ICICI Bandhan Invesco Kotak L&T Mirae Motilal PPFAS Quantum Nippon SBI Sundaram Tata UTI NAVI

FAQs

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.

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.

Every fund is assessed on the following:
  1. Consistent Outperformers : Track record of having generated returns above a benchmark on a 3-year rolling basis. Consistent performers are Green, followed by Orange. Red have an inconsistent track record on outperforming the index.
  2. The average 3-year rolling returns number appears in the first button.
  3. Quality of Portfolio is assessed based on the quality of each stock held. Predominantly high quality stocks get a Green second button, followed by Orange and Red (large amount of risky stocks).
  4. Upside Potential: Every fund is assessed on what returns it could deliver in the next 5 years based on it.

Select the fund that is Green on Performance which shows it has consistently outperformed the index. Select one with a high average 3-year rolling returns - the number in the first button. And select one with a Green rating on Quality-the second button.

Use the Funds Screener and select the category. It shows the funds with Green on Performance and Quality right on the top. The ones with the higher average 3-year rolling returns are ranked the highest. Funds with less than 5 years returns history are colored Grey on Performance. Since the track record is not for an adequately long period they feature lower in the list.

Build a well-diversified portfolio with funds that assures you of a stable growth through market and economic cycles and funds that enhance your portfolio returns over the long run.
  1. Core Funds: Choose from Large cap, Large and Mid cap and Flexicap funds.
  2. Booster Funds
    1. Choose from Mid and Small cap funds.
    2. Select a Sector or Thematic Fund that is likely to outperform in the long term.

Use the Fund Portfolio Analyzer, Sher-ya-Billi to check if your portfolio will deliver healthy returns or disappoint you. Go to Fund Portfolio Analyzer. You can also upload details of your funds in the Portfolio Manager and see the report on this page.

When adding a new fund check how different is the fund compared to your portfolio by using the link in the Right allocation box on the Fund Decision Maker.

Most investors have more, many more funds that they should-over diversified. This tends to reduce returns. Many investors have more of the same i.e. they have funds that have very similar portfolios and hence the fund portfolio is not well-diversified. Either there are too many large cap dominated funds or far too many mid and small cap funds. What you require is a good, balanced mix. Finally investors don't know when to exit a fund and end up carrying it even though the future upside potential is very low.
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