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ELSS Mutual Funds

Find here some best ELSS fund to invest

  • Annual Returns 14.23%
  • Average Risk High
  • Total Funds 43

What is ELSS Mutual Fund?

Tax Saving Mutual Funds, known as ELSS Mutual Funds, are a type of Equity Mutual Fund that provides tax benefits under Section 80C of the Income Tax Act. By investing in an ELSS, you can avail of tax deductions up to Rs.1.5 lakh as part of the cumulative limit of Section 80C in a financial year.

  • The average annualized returns of ELSS Mutual Funds over 5 years range at 20%.
  • There is a 3-year ELSS Lock-in period, shortest among other tax-saving options.
  • These funds have moderate risk and medium volatility.
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lock 5 Best Funds to Invest in India!

Top Tax-Saving Funds to Maximize Your Savings. book Get the Best Funds

Top Performing ELSS Funds in India for High Returns

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  • Historic Returns
  • Investment Returns
  • Monthly
  • Quarterly
  • Annual
  • Point to Point Return

Data in this table : Get historical returns. If 1Y column is 10% that means, fund has given 10% returns in last 1 year.

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Fund Name AUM (Cr.) Fund Age 1W 1M 3M 6M YTD 1Y 2Y 3Y 5Y 10Y
fund-icon

NIFTY 500

-1.64% -7.32% -6.41% -4.59% -7.66% 8.77% 4.53% 14.47% 11.84% 13.41%
62.46 8 years -1.43% -3.76% -5.78% -6.5% -5.78% 15.06% 4.33% 16.94% 14.03% - Invest
346.48 7 years -3.56% -8.08% -8.09% -8.25% -8.09% 13.33% 17.79% 21.21% 16.28% - Invest
14881.42 20 years -2.16% -5.84% -5.18% -3.42% -4.94% 11.68% 6.64% 16.68% 14.31% 11.86% Invest
4188.13 11 years -1% -6.2% -5.26% -9.25% -6.06% 11.6% 9.41% 20.79% 16.16% 16.4% Invest
440.10 17 years -3.22% -7.35% -7.08% -2.66% -7.96% 11.38% 6.6% 15.08% 12.06% 12.61% Invest
10278.66 25 years -1.52% -5.64% -6.79% -2.93% -7.01% 10.84% 0.15% 15.35% 17.76% 20.09% Invest
1373.70 17 years -1.8% -4.42% -2.56% -2.88% -3.95% 10.35% 2.15% 16.52% 14.32% 16.87% Invest
4674.29 11 years -3.61% -7.24% -6.23% -2.5% -6.97% 10.2% 7.51% 14.65% 12.45% 14.34% Invest
910.81 20 years -3.23% -7.36% -8.03% -3.7% -7.99% 10.18% 7.91% 17.46% 11.83% 12.94% Invest
1373.70 17 years -1.81% -4.44% -2.62% -3% -3.99% 10.07% 1.9% 16.23% 14.02% 16.29% Invest
14992.71 18 years -3.95% -8.34% -8.39% -6.41% -8.42% 10.04% 6.29% 13.85% 7.58% 11.04% Invest
26111.95 10 years -3.84% -8.43% -8.5% -5.62% -9% 9.98% 6.81% 15.19% 12.35% 17.31% Invest
3961.50 20 years -3.09% -7.06% -6.5% -6.27% -7.27% 9.41% 9.14% 17.91% 13.33% 13.88% Invest
7056.24 17 years -2.61% -6.51% -6.76% -3.49% -7.35% 9.12% 3.7% 14.1% 13.92% 15.5% Invest
8724.56 17 years -3.78% -7.21% -6.96% -5.17% -7.18% 8.74% 5.65% 13.71% 11.58% 15.05% Invest
6301.13 20 years -3.59% -7.08% -6.71% -5.59% -7.1% 8.39% 4.1% 13.54% 12.83% 14.73% Invest
14244.89 26 years -3.52% -7.34% -7.72% -6.06% -7.94% 8.33% 6.31% 15.09% 12.42% 13.57% Invest
1389.10 26 years -3.83% -7.63% -7.75% -5.99% -8.65% 7.28% 3.83% 11.67% 10.92% 12.12% Invest
17223.17 19 years -4.4% -8.47% -7.59% -3.95% -8.51% 7.1% 8.24% 17.81% 14.96% 16.13% Invest
1348.11 29 years -4.25% -8.44% -8.87% -6.72% -9.42% 7.02% 4.55% 13.39% 12.25% 14.19% Invest
Fund Name AUM (Cr.) Risk 1W 1M 3M 6M YTD 1Y 2Y 3Y 5Y 10Y
Fund Name Mar-2026 Feb-2026 Jan-2026 Dec-2025 Nov-2025 Oct-2025 Sep-2025 Aug-2025 Jul-2025 Jun-2025 May-2025 Apr-2025
Fund Name 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2
Fund Name 2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Fund Name AUM (Cr.) Risk 1W 1M 3M 6M YTD 1Y 2Y 3Y 5Y 10Y
Fund Name AUM (Cr.) Initial NAV Final NAV NAV Change Absolute Ret. Annalized Ret.
Fund Name AUM (Cr.) Risk 6M 1Y 2Y 3Y 5Y 10Y From Launch
62.46 Very High
-4.57%
-4.59%
-1.9%
5.93%
10.35%
-
15.26%
Invest
346.48 Very High
-6.08%
-7.94%
4.95%
14.46%
16%
-
17.51%
Invest
14881.42 Very High
-3.32%
-2.42%
1.26%
8.42%
12.3%
12.29%
12.97%
Invest
4188.13 Very High
-5.44%
-8.53%
-2.75%
8.91%
14.65%
15.43%
15.38%
Invest
440.10 Very High
-4.14%
-1.72%
1.7%
8.08%
11.13%
12.58%
12.8%
Invest
10278.66 Very High
-4.36%
-3.61%
-2.96%
4.88%
10.56%
18.87%
15.45%
Invest
1373.70 Very High
-2.15%
-1.61%
-2.3%
5.94%
11.12%
15.95%
15.39%
Invest
4674.29 Average
-3.26%
-0.97%
1.87%
7.97%
11.26%
13.39%
13.37%
Invest
910.81 Very High
-4.25%
-2.51%
1.51%
9.18%
12.03%
13.15%
12.81%
Invest
1373.70 Very High
-2.21%
-1.86%
-2.54%
5.66%
10.82%
15.48%
14.83%
Invest
14992.71 Very High
-5.45%
-4.91%
0.79%
7.11%
9%
9.72%
12.09%
Invest
26111.95 Very High
-5.73%
-5.03%
0.98%
7.63%
10.86%
15.08%
15.26%
Invest
3961.50 Very High
-4.6%
-4.94%
0.13%
8.93%
12.54%
13.19%
13.5%
Invest
7056.24 Very High
-4%
-2.55%
0.31%
6.06%
10.49%
14.62%
15.19%
Invest
8724.56 Very High
-4.26%
-4.15%
0.36%
6.73%
9.91%
14.2%
14.32%
Invest
6301.13 Very High
-4.43%
-5.3%
-1.59%
5.71%
10.32%
13.7%
12.99%
Invest
14244.89 Very High
-4.89%
-4.6%
1.23%
7.79%
10.92%
13.27%
17.47%
Invest
1389.10 Average
-5.01%
-6.24%
-0.58%
4.89%
8.62%
10.92%
13.06%
Invest
17223.17 Very High
-4.65%
-4.53%
1.08%
9.51%
13.19%
15.49%
15.43%
Invest
1348.11 Very High
-5.64%
-6.87%
-0.58%
5.9%
9.81%
12.73%
14.61%
Invest
Fund Name Risk Standard Deviation Alpha Beta Sharpe Ratio
Very High
16.60%
-
1.20%
0.75%
Invest
Very High
13.25%
6.16%
0.91%
1.21%
Invest
Very High
12.81%
0.75%
0.99%
1.01%
Invest
Very High
13.65%
0.96%
1.26%
0.87%
Invest
Very High
12.15%
-
1%
0.92%
Invest
Very High
15.87%
-
1.15%
0.82%
Invest
Very High
14.26%
4.84%
1.01%
1.2%
Invest
Average
12.5%
-
0.98%
0.9%
Invest
Very High
12.77%
1.59%
0.98%
1.05%
Invest
Very High
14.26%
-
1.16%
0.81%
Invest
Very High
11.52%
-
0.92%
0.9%
Invest
Very High
11.83%
0.19%
0.97%
0.98%
Invest
Very High
12.97%
1.73%
1.02%
1.03%
Invest
Very High
12.32%
-
0.88%
0.93%
Invest
Very High
12.05%
-
0.93%
0.88%
Invest
Very High
11.32%
-
0.93%
0.88%
Invest
Very High
11.92%
0.73%
0.87%
0.99%
Invest
Average
11.71%
-
0.86%
0.79%
Invest
Very High
12.57%
2.74%
0.97%
1.16%
Invest
Very High
11.66%
-
0.86%
0.93%
Invest
Fund Name Min SIP Min Lumpsum Expense Ratio Fund Manager Launch Date
₹1000
₹500
1.25%
Dhruv Bhatia
19-Feb 2018
Invest
₹0
₹5000
1.4%
R. Srinivasan since Dec 2017
27-Mar 2018
Invest
₹500
₹500
1.69%
Rupesh Patel
21-Sep 2005
Invest
₹500
₹500
1.83%
Ajay Khandelwal
21-Jan 2015
Invest
₹500
₹500
2.35%
Ashwani Kumar Agarwalla
30-Dec 2008
Invest
₹500
₹500
1.71%
Vasav Sahgal
31-Mar 2000
Invest
₹0
₹500
1.73%
-
25-Feb 2009
Invest
₹500
₹500
1.83%
Sailesh Jain
13-Oct 2014
Invest
₹500
₹500
2.22%
Sanjay Chawla
05-Jan 2006
Invest
₹1000
₹500
1.97%
Alok Singh
25-Feb 2009
Invest
₹1000
₹500
1.7%
Atul Penkar
07-Mar 2008
Invest
₹500
₹500
1.55%
Neelesh Surana
28-Dec 2015
Invest
₹500
₹500
1.89%
Gautam Bhupal
27-Feb 2006
Invest
₹500
₹500
1.75%
Daylynn Gerard Paul Pinto
26-Dec 2008
Invest
₹500
₹500
1.69%
Vishal Mishra
02-Feb 2009
Invest
₹500
₹500
1.77%
Harsha Upadhyaya
23-Nov 2005
Invest
₹500
₹500
1.72%
Mittul Kalawadia
19-Aug 1999
Invest
₹250
₹100
2.2%
Sudhir Kedia
22-Nov 1999
Invest
₹500
₹500
1.64%
Rohit Singhania
18-Jan 2007
Invest
₹500
₹500
2.19%
Sudhir Kedia
31-Mar 1996
Invest
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  • Invested Amount ₹43,855
  • Interest Earned ₹6,145

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Benefits of Investing in an ELSS Mutual Funds?

There are several ELSS tax benefits offered to investors from this category such as:

  • Tax Advantages

    By investing in ELSS funds, you can save up to RS.1.5 lakh per financial year. These savings come from the long-term capital gains (LTCG) on ELSS funds. The tax deductions available under Section 80C of the Income Tax Act, 1961, help reduce your taxable income.

  • Lowest Lock-in Period

    These investments have a lock-in term of three years, which is the shortest of all tax-saving alternatives. During this period, the investments cannot be redeemed. Once the ELSS lock-in period ends, investors have the flexibility to either redeem the funds as a Lumpsum or opt for a Systematic Withdrawal Plan (SWP) according to their financial needs.

  • Higher Return Potential

    ELSS funds primarily allocate investments to equities, which have historically offered better returns compared to traditional tax-saving instruments like Public Provident Funds (PPFs) or Fixed Deposits (FDs). The potential for long-term growth in ELSS funds is significant, particularly when investments are maintained over an extended period.

  • Systematic Investment Plan (SIP)

    Investing in ELSS funds via SIP allows you to invest a fixed amount regularly, which helps in averaging the investment cost and managing market fluctuations.

List of 3 Best ELSS Mutual Funds For SIP 2026

Let us look closely at the 3 Best ELSS Mutual Funds in India to invest in:

  1. Bandhan ELSS Tax Saver Fund

    The Bandhan ELSS Tax Saver Fund, launched on December 26, 2008, has an AUM of Rs.6,857.69 crore. It has delivered strong average annualized returns of 18.49% over 3 years and 17.21% over 5 years, outperforming benchmarks. The fund targets long-term growth by investing in profitable growing companies, using thorough research and leader engagement. Its diversification and value-buying strategies help manage risk and reduce volatility, ensuring consistent, strong returns.

  2. Quant ELSS Tax Saver Fund

    The Quant ELSS Tax Saver Fund, launched on April 1, 2000, has Rs.10,490.93 crore in AUM. It delivers strong returns, averaging 25.59% over 3 years and 22.26% over 5 years. The fund actively manages investments, focusing on high-growth sectors and stocks. It uses predictive analysis to find promising stocks early and strategically time’s buys and sells to maximize returns. This approach has consistently yielded strong performance over the past 4 years.

  3. Mirae Asset ELSS Tax Saver Fund

    The Mirae Asset ELSS Tax Saver Fund, launched in December 2015, manages Rs.24,347.21 crore in assets. It has delivered strong returns averaging 20.22% over 3 years and 19.8% over 5 years. The fund uses a bottom-up approach, focusing on growth-oriented businesses across large-cap, mid-cap, and small-cap stocks to balance risk and growth. With a history of successful active management, it offers flexibility across market sizes and styles to deliver value to investors.

You can use the ELSS SIP Calculator to get estimated returns on your investments.

How to Invest SIP in ELSS Mutual Funds via MySIPonline?  

The steps given below will be your useful step-by-step approach to investing in ELSS Mutual Funds.

Step 1: Log in to MySIPonline

Step 2:  Verify your KYC status and complete Video KYC if necessary.

Step 3: Fill details of PAN card, Aadhaar number, bank details, nominee and signature.

Step 4: Browse top funds from the respective AMC or consult an expert.

Step 5: Choose your preferred ELSS Mutual fund.

Step 6: Add funds to your cart and decide between SIP and lumpsum investment.

Step 7: Make a payment using UPI or net banking.

Step 8: Monitor investment daily on the dashboard and use our analysis tools to manage it.

These steps are a simple way to get started, allowing you to invest via SIP for increased portfolio flexibility.

Frequently Asked Questions

Are ELSS schemes taxable after 3 years?
Yes, ELSS Funds are equity-oriented scheme and is subject to LTCG of 10% on capital gains of more than Rs. 1 lac in a financial year.
How much tax can be saved by investing in ELSS Funds?
It depends on your annual income and amount you invest In ELSS Tax Saving Mutual Funds. In the highest tax bracket, a maximum of Rs 45,000 can be saved per financial year.
Can I invest more than Rs 1.5 lac in ELSS Mutual Funds?
Under section 80C, tax benefits from ELSS Funds will only be applicable up to Rs 1.5 lac. However, there is no maximum limit for investment in an ELSS Tax saving scheme.
Can you redeem from ELSS Funds before 3 years?
No. The units bought of an ELSS mutual fund can only be redeemed after completion of 3 years from the day of buying. Every unit should complete 3 years before it can be redeemed. It can neither be redeemed nor transferred before 3 years.
Can I increase my SIP amount in ELSS Mutual Fund Schemes?
Yes. SIP amount in Tax Saving ELSS Funds can be increased either one time or periodically.
What is the proof of investment in ELSS Funds?
As soon as the investment is made in an ELSS scheme, the mutual fund asset management company sends an account statement which can be used as a proof to claim tax deduction.
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