ELSS funds in India
76 plans (38 Regular, 38 Direct), rated on their track record against the Nifty 500 total-return index and their peers. Data as of 5 Nov 2026.
Tax-saving equity funds. The three-year lock-in also helps: it is hard to panic-sell in a fall. SEBI requires ELSS funds to invest at least 80% in equities, with a three-year lock-in and a tax deduction under the old tax regime.
₹6.5 lakh
The difference, on ₹10 lakh invested three years ago, between the strongest ELSS fund (19.2% a year) and the weakest (1.4% a year). Same category, same SEBI rules, same market. 15 of 37 funds beat the Nifty 500 total-return index over the same period.
Regular plans, to the latest NAV. Past returns, not a forecast.
Regular plans (38)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund · 11.8 yrs | A+ | 19.2% | +7.2% | 2.07% | ₹4,948 cr |
| HSBC ELSS Tax saver FundHSBC Mutual Fund · 3.9 yrs | A+ | 15.9% | +3.9% | 1.98% | ₹4,126 cr |
| HDFC ELSS - Tax Saver FundHDFC Mutual Fund · 20.6 yrs | A+ | 13.7% | +1.6% | 1.76% | ₹15,818 cr |
| SBI ELSS Tax Saver FundSBI Mutual Fund · 19.5 yrs | A+ | 14.0% | +1.9% | 1.83% | ₹31,724 cr |
| DSP ELSS Tax Saver FundDSP Mutual Fund · 19.8 yrs | A | 13.8% | +1.8% | 1.78% | ₹16,505 cr |
| JM ELSS - Tax Saver FundJM Financial Mutual Fund · 18.5 yrs | A | 15.5% | +3.5% | 2.66% | ₹243 cr |
| Nippon India ELSS Tax Saver FundNippon India Mutual Fund · 20.6 yrs | A | 12.8% | +0.8% | 1.79% | ₹14,739 cr |
| Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund · 4.6 yrs | A | 14.3% | +2.3% | 2.46% | ₹908 cr |
| WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual Fund · 4.1 yrs | A | 15.0% | +3.0% | 2.60% | ₹494 cr |
| Quant ELSS Tax Saver Fundquant Mutual Fund · 20.6 yrs | A | 14.8% | +2.8% | 2.06% | ₹13,377 cr |
| Bank Of India ELSS Tax Saver FundBank of India Mutual Fund · 17.7 yrs | A | 12.2% | +0.2% | 2.34% | ₹1,406 cr |
| ITI ELSS Tax Saver FundITI Mutual Fund · 7.0 yrs | A | 12.9% | +0.9% | 2.60% | ₹458 cr |
| Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund · 20.6 yrs | B | 10.9% | -1.1% | 1.92% | ₹6,182 cr |
| Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund · 10.9 yrs | B | 12.5% | +0.5% | 1.95% | ₹26,128 cr |
| Tata ELSS - Tax Saver FundTata Mutual Fund · 12.1 yrs | B | 12.2% | +0.1% | 1.93% | ₹4,660 cr |
| Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund · 20.6 yrs | B | 11.6% | -0.4% | 1.95% | ₹6,303 cr |
| ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund · 20.6 yrs | B | 11.6% | -0.4% | 1.78% | ₹14,107 cr |
| Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund · 17.8 yrs | B | 12.9% | +0.9% | 2.55% | ₹452 cr |
| Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund · 7.3 yrs | B | 8.7% | -3.3% | 1.83% | ₹5,619 cr |
| Taurus ELSS Tax Saver FundTaurus Mutual Fund · 20.6 yrs | B | 11.4% | -0.6% | 2.61% | ₹72 cr |
| Quantum ELSS Tax Saver FundQuantum Mutual Fund · 9.6 yrs | B | 9.9% | -2.1% | 2.18% | ₹209 cr |
| Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund · 17.8 yrs | B | 11.9% | -0.1% | 1.84% | ₹8,641 cr |
| BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund · 17.9 yrs | B | 10.2% | -1.8% | 1.99% | ₹6,911 cr |
| Invesco India ELSS Tax Saver FundInvesco Mutual Fund · 19.8 yrs | C | 11.6% | -0.4% | 2.31% | ₹2,704 cr |
| Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund · 18.7 yrs | C | 11.8% | -0.2% | 1.80% | ₹14,476 cr |
| Axis ELSS- Tax Saver FundAxis Mutual Fund · 16.8 yrs | C | 11.6% | -0.4% | 1.74% | ₹32,144 cr |
| Navi ELSS Tax Saver Nifty50 Index FundNavi Mutual Fund · 3.6 yrs | C | 8.4% | -3.6% | 1.07% | ₹155 cr |
| Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) FundUnion Mutual Fund · 14.9 yrs | C | 10.3% | -1.7% | 2.59% | ₹859 cr |
| NJ ELSS Tax Saver FundNJ Mutual Fund · 3.4 yrs | C | 6.9% | -5.1% | 2.54% | ₹344 cr |
| LIC MF ELSS Tax Saver FundLIC Mutual Fund · 20.6 yrs | C | 9.3% | -2.7% | 2.48% | ₹1,016 cr |
| Sundaram ELSS Tax Saver FundSundaram Mutual Fund · 4.8 yrs | C | 8.9% | -3.1% | 2.29% | ₹1,279 cr |
| PGIM India ELSS Tax Saver FundPGIM India Mutual Fund · 10.9 yrs | C | 9.3% | -2.7% | 2.55% | ₹715 cr |
| UTI ELSS Tax Saver FundUTI Mutual Fund · 20.6 yrs | C | 8.2% | -3.8% | 1.94% | ₹3,468 cr |
| Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund · 10.0 yrs | C | 8.4% | -3.6% | 2.50% | ₹888 cr |
| Groww ELSS Tax Saver FundGroww Mutual Fund · 8.9 yrs | C | 8.6% | -3.4% | 2.87% | ₹51 cr |
| Samco ELSS Tax Saver FundSamco Mutual Fund · 3.9 yrs | C | 1.4% | -10.6% | 3.35% | ₹107 cr |
| Shriram ELSS Tax Saver FundShriram Mutual Fund · 7.8 yrs | C | 6.5% | -5.5% | 2.57% | ₹47 cr |
| Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual Fund · 1.8 yrs | – | – | – | 2.94% | ₹90 cr |
Direct plans (38)
| Fund | Rating | 3Y return | 3Y vs index | Expense ratio | AUM |
|---|---|---|---|---|---|
| Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund · 11.8 yrs | A+ | 20.6% | +8.6% | 0.92% | ₹4,948 cr |
| WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual Fund · 4.1 yrs | A+ | 17.0% | +5.0% | 0.88% | ₹494 cr |
| HSBC ELSS Tax saver FundHSBC Mutual Fund · 3.9 yrs | A+ | 16.8% | +4.8% | 1.20% | ₹4,126 cr |
| HDFC ELSS - Tax Saver FundHDFC Mutual Fund · 13.8 yrs | A+ | 14.3% | +2.3% | 1.20% | ₹15,818 cr |
| DSP ELSS Tax Saver FundDSP Mutual Fund · 13.8 yrs | A | 14.9% | +2.9% | 0.89% | ₹16,505 cr |
| JM ELSS - Tax Saver FundJM Financial Mutual Fund · 13.8 yrs | A | 17.0% | +5.0% | 1.31% | ₹243 cr |
| Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual Fund · 4.6 yrs | A | 15.7% | +3.7% | 1.26% | ₹908 cr |
| SBI ELSS Tax Saver FundSBI Mutual Fund · 13.8 yrs | A | 14.7% | +2.7% | 1.22% | ₹31,724 cr |
| ITI ELSS Tax Saver FundITI Mutual Fund · 7.0 yrs | A | 14.9% | +2.9% | 0.93% | ₹458 cr |
| Nippon India ELSS Tax Saver FundNippon India Mutual Fund · 13.8 yrs | A | 13.6% | +1.6% | 1.13% | ₹14,739 cr |
| Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund · 13.8 yrs | A | 14.8% | +2.8% | 0.92% | ₹452 cr |
| Quant ELSS Tax Saver Fundquant Mutual Fund · 13.8 yrs | A | 15.9% | +3.9% | 1.29% | ₹13,377 cr |
| Tata ELSS - Tax Saver FundTata Mutual Fund · 12.1 yrs | B | 13.4% | +1.4% | 0.87% | ₹4,660 cr |
| Bank Of India ELSS Tax Saver FundBank of India Mutual Fund · 13.8 yrs | B | 13.2% | +1.2% | 1.16% | ₹1,406 cr |
| Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund · 13.8 yrs | B | 12.9% | +0.9% | 0.84% | ₹6,303 cr |
| Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund · 10.9 yrs | B | 13.6% | +1.6% | 1.02% | ₹26,128 cr |
| Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund · 13.8 yrs | B | 11.7% | -0.3% | 1.14% | ₹6,182 cr |
| Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund · 7.3 yrs | B | 9.9% | -2.1% | 0.65% | ₹5,619 cr |
| Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual Fund · 13.8 yrs | B | 13.2% | +1.1% | 0.73% | ₹8,641 cr |
| Quantum ELSS Tax Saver FundQuantum Mutual Fund · 17.8 yrs | B | 11.2% | -0.8% | 0.97% | ₹209 cr |
| BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund · 13.8 yrs | B | 11.5% | -0.5% | 0.92% | ₹6,911 cr |
| Invesco India ELSS Tax Saver FundInvesco Mutual Fund · 13.8 yrs | B | 12.9% | +0.9% | 1.21% | ₹2,704 cr |
| ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund · 13.8 yrs | B | 12.3% | +0.3% | 1.21% | ₹14,107 cr |
| Taurus ELSS Tax Saver FundTaurus Mutual Fund · 13.8 yrs | B | 12.0% | +0.0% | 2.05% | ₹72 cr |
| NJ ELSS Tax Saver FundNJ Mutual Fund · 3.4 yrs | B | 8.9% | -3.1% | 0.77% | ₹344 cr |
| Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual Fund · 13.8 yrs | C | 12.6% | +0.6% | 1.10% | ₹14,476 cr |
| Navi ELSS Tax Saver Nifty50 Index FundNavi Mutual Fund · 3.6 yrs | C | 9.4% | -2.6% | 0.24% | ₹155 cr |
| Axis ELSS- Tax Saver FundAxis Mutual Fund · 13.8 yrs | C | 12.4% | +0.4% | 1.03% | ₹32,144 cr |
| Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) FundUnion Mutual Fund · 13.8 yrs | C | 11.3% | -0.7% | 1.66% | ₹859 cr |
| Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund · 10.0 yrs | C | 10.1% | -1.9% | 1.06% | ₹888 cr |
| PGIM India ELSS Tax Saver FundPGIM India Mutual Fund · 10.9 yrs | C | 11.0% | -1.0% | 1.03% | ₹715 cr |
| LIC MF ELSS Tax Saver FundLIC Mutual Fund · 13.8 yrs | C | 10.6% | -1.4% | 1.33% | ₹1,016 cr |
| Groww ELSS Tax Saver FundGroww Mutual Fund · 8.9 yrs | C | 10.3% | -1.7% | 1.47% | ₹51 cr |
| UTI ELSS Tax Saver FundUTI Mutual Fund · 13.8 yrs | C | 9.3% | -2.7% | 1.16% | ₹3,468 cr |
| Shriram ELSS Tax Saver FundShriram Mutual Fund · 7.8 yrs | C | 8.2% | -3.8% | 1.01% | ₹47 cr |
| Samco ELSS Tax Saver FundSamco Mutual Fund · 3.9 yrs | C | 2.8% | -9.2% | 2.04% | ₹107 cr |
| Sundaram ELSS Tax Saver FundSundaram Mutual Fund · 4.8 yrs | C | 9.5% | -2.5% | 1.68% | ₹1,279 cr |
| Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual Fund · 1.8 yrs | – | – | – | 1.25% | ₹90 cr |
Common questions
What does a ELSS fund invest in?
SEBI requires ELSS funds to invest at least 80% in equities, with a three-year lock-in and a tax deduction under the old tax regime.
How many ELSS funds beat their index over 3 years?
15 of 37 ELSS funds (Regular plans with 3 years of history) beat the Nifty 500 total-return index over the 3 years to 5 Nov 2026.
How are these funds rated?
Each fund is compared only with funds in its category and plan type, on its long-run return over the index, risk-adjusted return, consistency, cost and portfolio. The ratings describe the track record so far; our own backtest found they do not predict future returns.
Ratings describe past track records and are not a recommendation to buy or sell. Read the scheme documents before investing.