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Best ELSS Mutual Funds 2024

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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.
Decizen Rating (Understand the Method): P: Performance, Q: Quality
Compare Funds
30.15
39
18.4
28 Mar' 18
33.73
26.17
30.26
N/A
26.70
28.49
22.71
N/A
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29.06
71
17.4
19 Feb' 18
41.9
17.99
27.18
N/A
22.82
23.11
20.62
N/A
Unlock
54.46
26,418
21.2
28 Dec' 15
38.56
16.92
22.95
N/A
22.75
19.14
19.72
N/A
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198.45
1,486
19.9
01 Jan' 13
45.75
20.33
27.41
18.56
22.34
18.33
17.48
18.07
Unlock
58.10
187
19.4
01 Jan' 13
53.41
22.18
23.89
18.77
21.53
17.61
16.41
17.40
Unlock
48.49
26,418
19.7
28 Dec' 15
38.56
16.92
22.95
N/A
21.14
17.53
18.08
N/A
Unlock
138.24
6,501
17.7
01 Jan' 13
40.25
20.25
22.7
16.67
20.76
17.21
15.91
17.01
Unlock
198.61
9,256
17.4
01 Jan' 13
40.35
16.65
22.82
16.9
19.00
16.45
16.02
16.25
Unlock
1032.61
15,321
17.2
01 Jan' 13
41.12
17.28
21.47
15.38
18.03
15.39
14.10
15.22
Unlock
29.26
39
17.8
28 Mar' 18
33.73
26.17
30.26
N/A
26.29
28.11
22.32
N/A
Unlock
445.80
11,561
23
07 Jan' 13
48.88
24.49
35.38
24.92
29.31
24.76
22.41
24.17
Unlock
28.16
71
16.9
19 Feb' 18
41.9
17.99
27.18
N/A
22.31
22.48
20.04
N/A
Unlock
29.96
35
16.3
05 Jul' 17
35.58
23.46
30.44
N/A
21.75
22.35
18.17
N/A
Unlock
178.23
7,354
19.3
01 Jan' 13
34.22
19.32
24.7
17.41
21.81
18.14
16.35
17.82
Unlock
156.48
7,354
19
26 Dec' 08
34.22
19.32
24.7
17.41
20.37
17.97
15.75
15.56
Unlock
141.15
17,771
16.1
18 Jan' 07
49.41
21.06
24
18.4
20.09
17.81
15.90
15.35
Unlock
155.65
17,771
19.6
31 Dec' 12
49.41
21.06
24
18.4
21.18
17.78
16.38
17.58
Unlock
171.94
1,486
19.9
25 Feb' 09
45.75
20.33
27.41
18.56
20.85
17.46
15.11
14.48
Unlock
51.35
187
10.4
31 Mar' 08
53.41
22.18
23.89
18.77
20.22
17.18
14.67
13.63
Unlock
98.17
39,253
16.7
29 Dec' 09
38.92
9.81
16.37
14.06
17.58
17.04
16.69
16.11
Unlock
152.03
3,058
18.9
01 Jan' 13
45.17
16.72
20.95
15.75
20.02
16.63
15.78
16.48
Unlock
129.66
3,058
15.5
29 Dec' 06
45.17
16.72
20.95
15.75
18.35
16.40
15.21
15.22
Unlock
179.29
9,256
19.9
02 Feb' 09
40.35
16.65
22.82
16.9
17.91
16.09
14.65
14.35
Unlock
110.25
39,253
18.5
01 Jan' 13
38.92
9.81
16.37
14.06
18.75
15.95
15.53
15.77
Unlock
51.75
4,926
17.9
13 Oct' 14
39.91
18.97
20.63
16.41
17.53
15.61
14.40
16.10
Unlock
401.96
11,561
16.3
13 Apr' 00
48.88
24.49
35.38
24.92
27.98
22.64
17.68
12.98
Unlock
29.18
35
15.8
05 Jul' 17
35.58
23.46
30.44
N/A
21.38
21.99
17.81
N/A
Unlock
30.90
45
18.8
23 Mar' 18
51.15
24.96
22.66
N/A
20.18
19.58
17.37
N/A
Unlock
30.91
41
16.1
24 Mar' 17
35.56
24.81
30.69
N/A
20.57
19.46
16.95
N/A
Unlock
30.26
41
15.8
24 Mar' 17
35.56
24.81
30.69
N/A
20.32
19.24
16.71
N/A
Unlock
29.70
45
18.1
23 Mar' 18
51.15
24.96
22.66
N/A
19.55
19.01
16.78
N/A
Unlock
29.40
377
17.9
27 Mar' 18
54.38
21.16
22.72
N/A
18.97
18.94
16.74
N/A
Unlock
28.37
377
17.3
27 Mar' 18
54.38
21.16
22.72
N/A
18.38
18.38
16.17
N/A
Unlock
47.82
43
17.8
01 Apr' 15
44.37
23.32
27.77
18.85
20.76
17.59
17.17
18.47
Unlock
35.91
87
17.6
18 Nov' 16
35.52
24.64
30.22
N/A
20.94
17.56
16.08
N/A
Unlock
34.92
87
17.1
18 Nov' 16
35.52
24.64
30.22
N/A
20.62
17.30
15.81
N/A
Unlock
46.15
43
17.4
01 Apr' 15
44.37
23.32
27.77
18.85
20.33
17.11
16.68
18.03
Unlock
507.38
1,434
16.4
31 Mar' 96
34.55
17.05
21.31
16.09
17.81
16.50
14.63
12.99
Unlock
62.96
4,195
20.8
21 Jan' 15
66.55
26.4
25.23
19.38
21.14
16.38
14.99
19.17
Unlock
119.05
6,501
14
23 Nov' 05
40.25
20.25
22.7
16.67
19.27
16.35
14.20
12.73
Unlock
39.11
799
16.7
11 Dec' 15
30.15
15.53
20.01
N/A
18.20
16.00
16.24
N/A
Unlock
1499.79
7,242
21.7
10 Apr' 99
45.03
21.64
22.45
15.47
18.56
15.82
14.10
14.35
Unlock
540.21
1,434
16.9
01 Jan' 13
34.55
17.05
21.31
16.09
18.43
15.80
14.27
15.59
Unlock
934.76
15,321
19.8
19 Aug' 99
41.12
17.28
21.47
15.38
17.01
15.74
14.21
14.30
Unlock
32.97
983
16.1
18 Oct' 16
31.81
16.12
20.43
N/A
17.18
15.71
15.51
N/A
Unlock
444.39
28,733
16.9
31 Mar' 93
54.46
27.4
27.07
16.97
18.94
15.65
13.46
12.74
Unlock
1662.09
7,242
17.7
01 Jan' 13
45.03
21.64
22.45
15.47
19.63
15.54
13.60
15.29
Unlock
477.88
28,733
18.1
01 Jan' 13
54.46
27.4
27.07
16.97
19.69
15.19
13.42
14.93
Unlock
23.73
51
13.6
28 Dec' 17
42.11
16.49
16.97
N/A
15.52
15.08
13.35
N/A
Unlock
96.67
988
12.8
05 Jan' 06
47.76
17.86
19.82
14.34
16.87
14.96
14.04
12.74
Unlock
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*Based on the Fund’s Ranking within its Category


FAQ's
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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