ELSS funds in India
51 live funds in the ELSS category, ordered by 5-year return, highest first; Motilal Oswal ELSS Tax Saver Fund leads. Funds younger than five years follow by name. Returns are for the plan each fund's page leads with, Direct where the fund has one, to each fund's latest NAV, the newest of them on 27 Oct 2026; 3 and 5 year returns are a year, compounded.
- Category median, 1 yearCategory median, 1 year. The middle return among the ELSS category's funds, each over the same window to its own latest NAV, on their Direct plans.
- −6.15%Middle of 49 funds
- Category median, 3 yearsCategory median, 3 years. The middle return among the ELSS category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +10.26%Middle of 48 funds
- Category median, 5 yearsCategory median, 5 years. The middle return among the ELSS category's funds, each over the same window to its own latest NAV, on their Direct plans; a year, compounded.
- +9.73%Middle of 45 funds
ELSS funds
Size is the average money the fund managed over its latest quarter. Cost is its yearly expense ratio.Filter them in the screener
Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual FundNAV₹61.48911Y+0.72%3Y+19.61%5Y+15.41%Size₹4,948 CrCost0.97%
Sundaram Long Term Tax Advantage Fund Series IIISundaram Mutual FundNAV₹29.55871Y−2.74%3Y+9.83%5Y+13.81%Size₹35 CrCost1.01%- Sundaram Long Term Tax Advantage Fund Series IVSundaram Mutual FundNAV₹33.79851Y−3.41%3Y+9.77%5Y+13.75%Size₹23 CrCost1.04%
quant ELSS Tax Saver Fundquant Mutual FundNAV₹440.27791Y+3.45%3Y+14.53%5Y+13.26%Size₹13,377 CrCost1.23%
SBI Long Term Advantage Fund - Series VSBI Mutual FundNAV₹31.41671Y−4.80%3Y+19.13%5Y+12.71%Size₹376 CrCost1.27%- SBI ELSS Tax Saver FundSBI Mutual FundNAV₹438.04941Y−9.77%3Y+12.90%5Y+12.45%Size₹31,724 CrCost1.23%
- Sundaram Long Term Micro Cap Tax Advantage Fund Series IVSundaram Mutual FundNAV₹29.06581Y−4.30%3Y+8.63%5Y+12.39%Size₹37 CrCost1.12%
- Sundaram Long Term Micro Cap Tax Advantage Fund Series IIISundaram Mutual FundNAV₹33.80961Y−3.71%3Y+8.76%5Y+12.31%Size₹78 CrCost1.04%
HDFC ELSS - Tax Saver FundHDFC Mutual FundNAV₹1,419.61601Y−10.63%3Y+12.42%5Y+12.26%Size₹15,818 CrCost1.20%- Sundaram Long Term Micro Cap Tax Advantage Fund Series VISundaram Mutual FundNAV₹27.57221Y−4.26%3Y+8.99%5Y+12.19%Size₹37 CrCost0.98%
- Sundaram Long Term Micro Cap Tax Advantage Fund Series VSundaram Mutual FundNAV₹28.65311Y−3.55%3Y+9.46%5Y+12.06%Size₹32 CrCost1.01%
JM ELSS - Tax Saver FundJM Financial Mutual FundNAV₹57.14681Y−1.22%3Y+15.67%5Y+11.91%Size₹243 CrCost1.34%
HSBC ELSS Tax saver FundHSBC Mutual FundNAV₹146.44501Y−3.04%3Y+15.21%5Y+11.50%Size₹4,126 CrCost1.21%
ICICI Prudential Long Term Wealth Enhancement FundICICI Prudential Mutual FundNAV₹28.78001Y−9.75%3Y+12.36%5Y+11.07%Size₹39 CrCost0.81%
ITI ELSS Tax Saver FundITI Mutual FundNAV₹26.38841Y−6.68%3Y+13.98%5Y+10.80%Size₹458 CrCost0.93%
Bank of India Mid Cap Tax Fund Series 1Bank of India Mutual FundNAV₹29.64001Y+3.56%3Y+14.44%5Y+10.63%Size₹66 CrCost1.06%
Kotak ELSS Tax Saver FundKotak Mahindra Mutual FundNAV₹131.25001Y−5.54%3Y+10.44%5Y+10.27%Size₹6,303 CrCost0.85%
Edelweiss ELSS Tax Saver FundEdelweiss Mutual FundNAV₹131.18001Y−3.37%3Y+13.15%5Y+10.23%Size₹452 CrCost0.94%
DSP ELSS Tax Saver FundDSP Mutual FundNAV₹146.49001Y−7.66%3Y+12.76%5Y+10.21%Size₹16,505 CrCost0.91%- Bank of India ELSS Tax SaverBank of India Mutual FundNAV₹184.03001Y−2.92%3Y+11.97%5Y+9.98%Size₹1,406 CrCost1.16%
Nippon India ELSS Tax Saver FundNippon India Mutual FundNAV₹136.77891Y−5.87%3Y+11.84%5Y+9.86%Size₹14,739 CrCost1.13%- SBI Long Term Advantage Fund - Series VISBI Mutual FundNAV₹29.75211Y−7.81%3Y+8.46%5Y+9.83%Size₹259 CrCost1.38%
Tata ELSS - Tax Saver FundTata Mutual FundNAV₹50.55791Y−3.78%3Y+11.65%5Y+9.73%Size₹4,660 CrCost0.89%- Bank of India Midcap Tax Fund Series 2Bank of India Mutual FundNAV₹34.20001Y−1.41%3Y+13.07%5Y+9.71%Size₹33 CrCost1.11%
Parag Parikh ELSS Tax Saver FundPPFAS Mutual FundNAV₹30.69941Y−12.68%3Y+8.40%5Y+9.70%Size₹5,619 CrCost0.65%
Baroda BNP Paribas ELSS Tax Saver FundBaroda BNP Paribas Mutual FundNAV₹106.17461Y−4.18%3Y+13.84%5Y+9.54%Size₹908 CrCost1.27%
Bandhan ELSS - Tax Saver FundBandhan Mutual FundNAV₹171.18901Y−5.30%3Y+9.47%5Y+9.31%Size₹6,911 CrCost0.93%
Franklin India ELSS Tax Saver FundFranklin Templeton Mutual FundNAV₹1,508.09271Y−10.87%3Y+9.77%5Y+9.10%Size₹6,182 CrCost1.15%
Taurus ELSS Tax Saver FundTaurus Mutual FundNAV₹192.35001Y−7.75%3Y+10.25%5Y+8.96%Size₹72 CrCost2.06%
Mirae Asset ELSS Tax Saver FundMirae Asset Mutual FundNAV₹53.61601Y−7.45%3Y+11.60%5Y+8.95%Size₹26,128 CrCost1.02%
Union ELSS Tax Saver FundUnion Mutual FundNAV₹67.89001Y−7.09%3Y+9.65%5Y+8.38%Size₹859 CrCost1.71%
Quantum ELSS Tax Saver FundQuantum Mutual FundNAV₹119.17001Y−10.57%3Y+9.64%5Y+8.38%Size₹209 CrCost0.95%
Canara Robeco ELSS - Tax Saver FundCanara Robeco Mutual FundNAV₹190.73001Y−5.66%3Y+11.24%5Y+8.32%Size₹8,641 CrCost0.73%
PGIM India ELSS Tax Saver FundPGIM India Mutual FundNAV₹38.29001Y−6.47%3Y+9.05%5Y+8.19%Size₹715 CrCost1.07%
Invesco India ELSS Tax Saver FundInvesco Mutual FundNAV₹142.43001Y−7.47%3Y+11.21%5Y+7.87%Size₹2,704 CrCost1.21%- ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual FundNAV₹974.57001Y−9.63%3Y+9.95%5Y+7.72%Size₹14,107 CrCost1.21%
Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual FundNAV₹30.69711Y−10.97%3Y+7.87%5Y+7.65%Size₹888 CrCost1.05%- SBI Long Term Advantage Fund - Series IVSBI Mutual FundNAV₹45.07781Y−11.42%3Y+5.88%5Y+7.15%Size₹194 CrCost1.23%
LIC MF ELSS Tax Saver FundLIC Mutual FundNAV₹159.71881Y−10.56%3Y+8.69%5Y+7.11%Size₹1,016 CrCost1.32%- Sundaram ELSS Tax Saver FundSundaram Mutual FundNAV₹498.09331Y−11.23%3Y+7.84%5Y+7.01%Size₹1,279 CrCost1.78%
Groww ELSS Tax Saver FundGroww Mutual FundNAV₹20.74001Y−10.87%3Y+8.69%5Y+6.93%Size₹51 CrCost1.52%
Aditya Birla Sun Life ELSS Tax Saver FundAditya Birla Sun Life Mutual FundNAV₹64.70001Y−8.25%3Y+10.54%5Y+6.64%Size₹14,476 CrCost1.07%
UTI ELSS Tax Saver FundUTI Mutual FundNAV₹213.97621Y−9.79%3Y+7.75%5Y+5.79%Size₹3,468 CrCost1.19%
Shriram ELSS Tax Saver FundShriram Mutual FundNAV₹22.36281Y−7.94%3Y+6.77%5Y+5.45%Size₹47 CrCost0.95%- UTI - Master Equity Plan Unit SchemeUTI Mutual FundNAV₹213.03651Y−9.89%3Y+6.88%5Y+5.26%Size₹2,794 CrCost1.36%
Axis ELSS Tax Saver FundAxis Mutual FundNAV₹105.36051Y−6.15%3Y+10.27%5Y+4.63%Size₹32,144 CrCost1.05%
Bajaj Finserv ELSS - Tax Saver FundBajaj Finserv Mutual FundNAV₹11.20401Y−3.70%3Y–5Y–Size₹90 CrCost1.28%
Navi ELSS Tax Saver Nifty 50 Index FundNavi Mutual FundNAV₹13.85021Y−11.69%3Y+7.04%5Y–Size₹155 CrCost0.25%
NJ ELSS Tax Saver FundNJ Mutual FundNAV₹13.83001Y−7.62%3Y+8.12%5Y–Size₹344 CrCost0.77%
Samco ELSS Tax Saver FundSamco Mutual FundNAV₹13.08001Y−5.35%3Y+3.00%5Y–Size₹107 CrCost1.98%
WhiteOak Capital ELSS Tax Saver FundWhiteOak Capital Mutual FundNAV₹18.33601Y−2.89%3Y+15.49%5Y–Size₹494 CrCost0.86%
Tax on ELSS funds
Each purchase, including each SIP instalment, is locked in for 3 years, so gains are always long-term and taxed at 12.5% above ₹1.25 lakh a year. Under the old tax regime only, up to ₹1.5 lakh a year invested can be deducted from taxable income, a limit shared with EPF and life insurance premiums.
Rules in force from 23 Jul 2024, checked 27 Oct 2026. Surcharge and cess are not included.
About ELSS funds in India
ELSS funds in India are equity-linked savings schemes, mutual funds that invest mainly in shares and carry a three-year lock-in. SEBI lists ELSS as a category of equity scheme. Money put into one can qualify for a tax deduction of up to ₹1.5 lakh a year under the old income tax regime.
What an ELSS is
ELSS stands for equity-linked savings scheme, and SEBI names the category ELSS Tax Saver Fund. Its rules require an ELSS to invest at least 80% of its assets in equity and equity-related instruments, following the Equity Linked Saving Scheme, 2005 notified by the Ministry of Finance. The rest may go into other equity, money market instruments, gold and silver instruments or InvITs (infrastructure trusts). SEBI sets no market-cap split inside an ELSS, so a fund can hold large, mid and small companies in any mix its manager chooses.
Lock-in period
Units cannot be redeemed, switched out or pledged for three years from the date they are allotted. The count runs per purchase: in a monthly SIP (a fixed amount invested on a set date each month) every instalment has its own three years, so an instalment made on 1 Jul 2026 is free on 1 Jul 2029. This is the shortest lock-in among the tax-saving options under the same section, which also covers the Public Provident Fund and five-year tax-saver bank deposits.
Tax rules
The deduction is available only under the old tax regime, and under the new regime an ELSS investment earns none. The ceiling is ₹1.5 lakh a year, shared with the other eligible items such as provident fund contributions and life insurance premiums.
On redemption, gains count as long-term capital gains on equity funds. Gains above ₹1.25 lakh in a year are taxed at 12.5%, and the ₹1.25 lakh exemption is shared across all equity fund and share sales in that year, not given per fund.
How this page ranks the funds
The page lists every live ELSS fund, ordered by 5-year return, highest first. Each return is for the fund's Direct plan (the plan with no distributor commission) where it has one, run to the fund's latest NAV. The 3-year and 5-year figures are compounded yearly. Funds younger than five years follow, by name. The category median for each window is the middle return among the funds that have data for it, so the three medians can count different numbers of funds.
ELSS compared with flexi cap funds
A flexi cap fund also invests at least 65% in equity with no market-cap split, but it has no lock-in and no tax deduction. An ELSS holds a larger equity floor, 80%.