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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, UP: Upside Potential
42.63
21,476
19.1
28 Dec' 15
35.12
17.1
18.34
N/A
20.07
17.57
17.55
N/A
Unlock
24.99
34
16.4
28 Mar' 18
44.01
32.4
21.66
N/A
25.24
28.24
19.49
N/A
Unlock
24.57
64
15.7
19 Feb' 18
51.36
21.79
22.65
N/A
19.89
22.85
17.14
N/A
Unlock
141.01
6,253
18.9
26 Dec' 08
39.24
22.53
19.3
14.65
20.90
17.85
15.44
15.50
Unlock
87.24
35,474
16.4
29 Dec' 09
39.18
11.7
14.11
11.79
18.73
17.66
16.75
16.38
Unlock
116.30
14,076
15.3
18 Jan' 07
40.3
19.81
18.4
14.91
19.97
17.62
15.59
15.22
Unlock
155.38
1,210
19.9
25 Feb' 09
54.51
24.06
24.52
16.21
20.14
17.02
14.36
14.18
Unlock
41.58
128
9.3
31 Mar' 08
44.56
20.28
18.91
14.78
19.91
16.70
13.98
13.35
Unlock
109.69
2,530
14.8
29 Dec' 06
41.2
16.3
15.54
12.75
18.60
16.39
15.15
15.24
Unlock
153.05
7,510
19.3
02 Feb' 09
33.36
16.86
18.07
13.68
17.95
15.99
14.43
14.22
Unlock
24.53
31
14.2
05 Jul' 17
43.82
31.06
20.65
N/A
19.93
21.59
14.79
N/A
Unlock
369.46
8,342
16.2
13 Apr' 00
55.21
30.73
30.08
22.17
27.32
21.43
16.16
12.11
Unlock
25.59
36
14.2
24 Mar' 17
44.58
32.19
21.12
N/A
18.91
18.37
13.84
N/A
Unlock
24.85
39
16.2
23 Mar' 18
47.11
23.65
18.26
N/A
16.92
18.23
14.82
N/A
Unlock
21.42
294
13.4
27 Mar' 18
30.84
16.47
15.86
N/A
15.63
18.06
14.00
N/A
Unlock
451.21
1,244
16.2
31 Mar' 96
36.27
19.16
16.13
13.67
18.81
16.59
14.39
12.93
Unlock
38.74
38
16.1
01 Apr' 15
39.96
22.84
22.41
N/A
18.87
16.55
15.45
16.62
Unlock
29.44
77
15.7
18 Nov' 16
44.02
31.86
20.49
N/A
19.29
16.30
13.26
N/A
Unlock
104.15
5,295
13.6
23 Nov' 05
40.62
20.68
18.45
14.18
19.02
15.84
13.70
12.55
Unlock
806.93
13,084
19.5
19 Aug' 99
37.76
18.23
16.06
12.72
18.01
15.80
14.28
14.40
Unlock
1294.02
6,180
21.4
10 Apr' 99
44.98
21.79
17.06
12.87
18.43
15.54
13.93
14.48
Unlock
382.89
21,976
16.6
31 Mar' 93
59.15
26.86
20.72
13.97
18.43
15.13
12.92
12.75
Unlock
82.72
839
12.2
05 Jan' 06
42.08
16.14
16.32
11.43
16.78
14.99
13.93
12.71
Unlock
112.52
14,322
13.9
21 Sep' 05
42.21
20.68
14.45
9.45
19.34
14.87
12.99
13.77
Unlock
77.61
220
12.6
05 Jan' 07
41.26
18.51
15.11
12.24
17.05
14.75
13.06
13.00
Unlock
52.07
14,976
10.8
10 Mar' 08
32.73
9.7
9.95
9.96
16.05
14.68
13.46
14.05
Unlock
52.07
14,976
10.9
10 Mar' 08
32.73
9.7
9.95
9.96
16.05
14.68
13.46
14.05
Unlock
112.96
3,674
14.3
27 Feb' 06
39.1
17.29
15.06
12.58
16.74
14.29
12.97
13.52
Unlock
30.60
658
14.3
11 Dec' 15
24.03
17.08
15.75
N/A
15.90
14.21
13.95
N/A
Unlock
182.44
3,484
12.2
01 Aug' 05
31.87
14.37
15.07
11.5
15.94
14.05
12.23
11.32
Unlock
1179.53
13,990
23.6
31 Mar' 96
45.63
25.73
17.04
12.63
17.86
14.01
12.04
12.66
Unlock
42.94
3,205
17.1
21 Jan' 15
54.1
22.99
19.2
16.18
16.96
14.02
12.26
16.36
Unlock
97.12
329
16
30 Dec' 08
35.73
17.09
15.18
11.31
15.79
14.00
12.48
12.53
Unlock
129.36
1,022
10.2
31 Mar' 98
32.18
16.03
13.98
10.78
15.95
13.81
12.05
10.72
Unlock
196.60
1,595
15.3
02 May' 05
30.88
16.85
13.77
11.39
16.18
13.79
11.84
12.34
Unlock
38.53
4,028
15.2
13 Oct' 14
32.91
17.33
15.49
13.55
14.85
13.79
12.23
13.83
Unlock
57.80
847
15.3
23 Dec' 11
37.74
19.5
18.48
11.72
15.77
13.65
11.68
12.90
Unlock
164.75
74
12.2
31 Mar' 96
35.82
18.75
15.01
12.56
15.95
13.37
11.83
12.21
Unlock
109.08
174
16.7
23 Dec' 08
40.22
17.54
14.01
12.02
15.50
13.36
12.13
12.34
Unlock
25.51
818
13.3
18 Oct' 16
32.85
18.54
16.54
N/A
13.76
13.31
12.22
N/A
Unlock
206.08
2,765
17.4
28 Mar' 03
29.97
14.95
13.2
11.49
15.08
13.32
11.85
11.73
Unlock
18.40
45
10.2
28 Dec' 17
39.43
16.39
13.44
N/A
10.95
12.26
9.56
N/A
Unlock
26.19
60
12.3
30 Dec' 15
29.18
14.47
12.02
N/A
12.99
10.68
10.44
N/A
Unlock
26.81
3,175
23.2
24 Jul' 19
33.76
21.78
N/A
N/A
26.32
24.40
N/A
N/A
Unlock
29.43
33
21.7
19 Oct' 18
52.05
21.27
21.43
N/A
23.47
23.14
20.92
N/A
Unlock
21.53
302
18.6
18 Oct' 19
51.3
17.92
N/A
N/A
21.56
16.99
N/A
N/A
Unlock
20.95
47
15.2
25 Jan' 19
38.03
16.25
14.45
N/A
14.71
14.61
15.19
N/A
Unlock
13.35
94
24.7
22 Dec' 22
32.28
N/A
N/A
N/A
32.89
N/A
N/A
N/A
Unlock
13.53
184
44.1
16 Jun' 23
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Unlock
13.20
46
29.7
20 Mar' 23
27.96
N/A
N/A
N/A
26.01
N/A
N/A
N/A
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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