Best ELSS funds in India
59 elss funds in India, of which 29 meet the eligibility criteria, ranked on 5Y return. Which ELSS fund, and what is the lock-in?
ELSS funds carry a 3-year lock-in. Ranked on 5-year annualised return (CAGR).
ELSS funds ranked by 5Y return
| # | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth OptionPlatinum | +18.32% | +14.48% | +23.65% | +19.27% | 56% | -37.7% | ₹4,784 Cr | 0.97% |
| 2 | SBI Long Term Advantage Fund - Series V - Direct Plan - GrowthSilver | +17.11% | +6.30% | +21.88% | +20.44% | 78% | -35.8% | ₹379 Cr | 1.17% |
| 3 | SBI ELSS Tax Saver FUND - DIRECT PLAN -GROWTHSilver | +16.54% | +2.12% | +16.49% | +17.78% | 51% | -38.2% | ₹32,300 Cr | 1.26% |
| 4 | quant ELSS Tax Saver Fund - Growth Option - Direct PlanPlatinum | +16.53% | +17.35% | +17.33% | +21.75% | 62% | -36.1% | ₹13,382 Cr | 1.21% |
| 5 | HDFC ELSS Tax saver - Growth Option - Direct PlanBronze | +16.10% | +0.30% | +15.43% | +15.70% | 41% | -44.1% | ₹16,095 Cr | 1.19% |
| 6 | ITI ELSS Tax Saver Fund - Direct Plan - Growth OptionGold | +14.83% | +10.94% | +19.47% | +20.81% | 88% | -38.5% | ₹455 Cr | 0.90% |
| 7 | Tata ELSS Fund-Growth-Direct PlanGold | +14.14% | +11.70% | +14.75% | +16.36% | 37% | -36.8% | ₹4,664 Cr | 0.89% |
| 8 | SBI Long Term Advantage Fund - Series VI - Direct Plan - Growth | +13.73% | +3.38% | +11.58% | +21.00% | 81% | -36.1% | ₹259 Cr | 1.27% |
| 9 | Edelweiss ELSS Tax Saver Fund - Direct Plan-Growth OptionPlatinum | +13.70% | +10.71% | +15.84% | +15.91% | 37% | -36.8% | ₹455 Cr | 0.92% |
| 10 | Nippon India ELSS Tax Saver Fund - Direct Plan Growth Plan - Growth OptionBronze | +13.59% | +4.57% | +14.69% | +15.42% | 41% | -51.9% | ₹14,910 Cr | 1.11% |
| 11 | Franklin India ELSS Tax Saver Fund - Direct - GrowthSilver | +13.39% | +0.39% | +13.39% | +17.20% | 48% | -39.0% | ₹6,239 Cr | 1.17% |
| 12 | DSP ELSS Tax Saver Fund - Direct Plan - GrowthGold | +13.34% | +3.80% | +15.61% | +18.93% | 58% | -37.2% | ₹16,738 Cr | 0.93% |
| 13 | Kotak ELSS Tax Saver Fund-Growth - DirectGold | +13.34% | +5.57% | +13.48% | +17.24% | 46% | -36.4% | ₹6,342 Cr | 0.80% |
| 14 | BANDHAN ELSS Tax Saver Fund - Direct Plan - GrowthSilver | +13.15% | +6.14% | +11.72% | +17.63% | 50% | -42.6% | ₹7,005 Cr | 0.96% |
| 15 | Parag Parikh ELSS Tax Saver Fund- Direct Growth | +13.13% | -5.39% | +11.64% | +22.57% | 81% | -29.5% | ₹5,700 Cr | 0.65% |
| 16 | BANK OF INDIA ELSS Tax Saver -Direct Plan- GrowthGold | +13.03% | +9.12% | +15.06% | +17.79% | 51% | -31.7% | ₹1,395 Cr | 1.06% |
| 17 | Mirae Asset ELSS Tax Saver Fund - Direct Plan - GrowthGold | +12.71% | +7.10% | +14.47% | +18.97% | 64% | -37.8% | ₹26,373 Cr | 1.02% |
| 18 | Union ELSS Tax Saver Fund - Direct Plan - Growth OptionSilver | +12.28% | +5.23% | +12.80% | +14.04% | 31% | -35.4% | ₹861 Cr | 1.73% |
| 19 | SBI Long Term Advantage Fund - Series IV - Direct Plan - Growth | +12.12% | +5.64% | +10.93% | +27.03% | 68% | -34.4% | ₹198 Cr | 1.16% |
| 20 | CANARA ROBECO ELSS TAX SAVER - DIRECT PLAN - GROWTH OPTIONSilver | +11.93% | +5.97% | +13.77% | +16.07% | 37% | -34.3% | ₹8,758 Cr | 0.70% |
| 21 | ICICI Prudential ELSS Tax Saver Fund - Direct Plan - Growth | +11.73% | +3.41% | +13.28% | +15.56% | 37% | -37.5% | ₹14,292 Cr | 1.21% |
| 22 | Mahindra Manulife ELSS Tax Saver Fund - Direct Plan -GrowthBronze | +11.49% | +2.00% | +10.94% | +16.69% | 45% | -35.9% | ₹904 Cr | 1.10% |
| 23 | Invesco India ELSS Tax Saver Fund - Direct Plan - GrowthSilver | +11.44% | +4.65% | +14.30% | +16.47% | 41% | -35.8% | ₹2,699 Cr | 1.18% |
| 24 | PGIM India ELSS Tax Saver Fund - Direct Plan - Growth Option | +11.31% | +3.06% | +10.62% | +15.37% | 36% | -36.7% | ₹718 Cr | 1.15% |
| 25 | Quantum ELSS Tax Saver Fund - Direct Plan Growth Option | +11.01% | -1.51% | +12.05% | +14.46% | 32% | -39.6% | ₹213 Cr | 0.95% |
| 26 | LIC MF ELSS Tax Saver-Direct Plan-Growth | +10.91% | +0.44% | +11.72% | +14.89% | 24% | -35.7% | ₹1,030 Cr | 1.28% |
| 27 | Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct PlanSilver | +9.67% | +5.11% | +13.26% | +13.49% | 20% | -35.1% | ₹14,660 Cr | 1.07% |
| 28 | UTI ELSS Tax Saver Fund - Direct Plan - Growth Option | +9.32% | +2.81% | +10.94% | +14.19% | 26% | -35.1% | ₹3,524 Cr | 1.02% |
| 29 | Axis ELSS Tax Saver Fund - Direct Plan - Growth Option | +8.15% | +4.30% | +13.16% | +14.46% | 26% | -33.5% | ₹32,592 Cr | 1.06% |
Badges are our own quality tiers — Platinum (top 10%), Gold (25%), Silver (50%), Bronze (75%) — scored within each sub-category, so they compare a fund with its peers and not with funds of a different type. “3Y typical” is the median annualised return across every 3-year holding period the fund has lived through, not a single 3-year figure; “3Y loss odds” is the share of those periods that ended down. “Beat peers” is the share in which it beat its category's median, and “worst fall” is its deepest peak-to-trough drop. Open a fund for the full distribution. Click any column heading to re-sort — including the fund name, which groups a house’s funds together. Funds with no value for a column sort last. Returns over 1 year are annualised (CAGR). Past performance does not indicate future returns. Eligibility: Direct, Growth only, minimum AUM ₹100 Cr, at least 5 year(s) old. Past performance. Returns for 3y/5y are annualised (CAGR) and are withheld where the NAV series does not support the period.
ELSS funds — FAQs
What is the lock-in on an ELSS fund?
ELSS funds carry a three-year lock-in from the date of each investment — the shortest among tax-saving options under the old regime. If you invest via SIP, each instalment locks in separately for three years from its own date.
Does ELSS still save tax under the new regime?
The Section 80C deduction ELSS provides applies under the old tax regime. If you have opted for the new regime, that deduction is not available, so an ELSS fund would be held for its equity exposure rather than any tax benefit. Confirm your own position before investing.