Best ELSS (Tax Saver) Funds
Section 80C tax deduction with a 3-year lock-in — equity that saves tax.
Data updated · 38 direct-growth funds ranked by a transparent 0–100 Smart Score
| ⚖ VS | Fund | Score ↓ | Verdict | 1Y | 3Y | 5Y | Sharpe | Sortino | Std Dev | Alpha | Beta | VR★ | P/E | Expense | AUM | Age |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal ELSS Tax Saver Motilal Oswal | 83 | Strong Buy | 14.6% | 22.8% | 17.4% | 0.86 | 1.16 | 21.4 | 7.8 | 1.15 | 5★ | 40.9 | 0.98% | ₹4.8k Cr | 11.6y | |
| WhiteOak Capital ELSS Tax Saver WhiteOak | 79 | Strong Buy | 7.0% | 17.4% | — | 0.85 | 1.03 | 15.1 | 4.3 | 0.92 | 5★ | 26.3 | 0.87% | ₹494 Cr | 3.9y | |
| SBI ELSS Tax Saver SBI | 76 | Buy | 0.2% | 15.0% | 15.3% | 0.88 | 0.86 | 15.7 | 4.8 | 0.97 | 5★ | 23.7 | 1.23% | ₹32.3k Cr | 13.7y | |
| Quant ELSS Tax Saver Gr Quant | 75 | Buy | 16.1% | 15.7% | 16.1% | 0.76 | 0.72 | 18.6 | 4.0 | 1.10 | 5★ | 30.8 | 1.19% | ₹13.3k Cr | 13.7y | |
| HDFC ELSS Tax Saver HDFC | 73 | Buy | -1.7% | 14.0% | 14.8% | 0.79 | 0.83 | 13.8 | 3.0 | 0.85 | 4★ | 23.0 | 1.18% | ₹16.1k Cr | 13.7y | |
| ITI ELSS Tax Saver ITI | 72 | Buy | 9.1% | 17.8% | 13.8% | 0.69 | 0.88 | 20.0 | 2.7 | 1.21 | 4★ | 23.3 | 0.88% | ₹455 Cr | 6.9y | |
| HSBC ELSS Tax Saver HSBC | 71 | Buy | 8.4% | 17.0% | 13.4% | 0.74 | 0.85 | 16.5 | 3.0 | 1.00 | 4★ | 27.6 | 1.21% | ₹4.1k Cr | 13.7y | |
| Edelweiss ELSS Tax Saver Edelweiss | 68 | Buy | 9.8% | 14.9% | 12.8% | 0.69 | 0.79 | 15.5 | 1.6 | 0.98 | 4★ | 25.2 | 0.90% | ₹455 Cr | 13.6y | |
| DSP ELSS Tax Saver DSP | 68 | Buy | 2.6% | 14.1% | 12.3% | 0.74 | 0.71 | 15.7 | 2.7 | 0.97 | 4★ | 20.0 | 0.92% | ₹16.7k Cr | 13.7y | |
| Baroda BNP Paribas ELSS Tax SaverDir Gr Baroda BNP Paribas | 67 | Buy | 8.4% | 16.4% | 12.5% | 0.79 | — | 15.4 | 3.4 | 0.95 | 4★ | 30.1 | 1.35% | ₹917 Cr | 13.7y | |
| Tata ELSS Tata | 67 | Buy | 10.5% | 13.7% | 13.1% | 0.67 | 0.66 | 15.8 | 1.4 | 0.99 | 4★ | — | 0.90% | ₹4.7k Cr | 11.9y | |
| JM ELSS Tax Saver JM | 66 | Buy | 9.6% | 16.7% | 14.6% | 0.72 | 0.84 | 17.0 | 2.7 | 1.03 | 5★ | 29.8 | 1.29% | ₹241 Cr | 13.7y | |
| Mirae Asset ELSS Tax Saver Mirae Asset | 61 | Hold | 5.6% | 13.2% | 11.5% | 0.47 | 0.64 | 14.0 | 0.5 | 0.96 | 5★ | 21.5 | 1.02% | ₹26.4k Cr | 10.8y | |
| Canara Robeco ELSS Tax Saver Canara Robeco | 58 | Hold | 3.9% | 12.6% | 10.5% | 0.45 | 0.61 | 13.5 | 0.1 | 0.93 | 4★ | 26.5 | 0.68% | ₹8.8k Cr | 13.7y | |
| Nippon India ELSS Tax Saver Nippon India | 56 | Hold | 2.7% | 12.8% | 12.2% | 0.42 | 0.57 | 14.5 | -0.2 | 0.99 | 3★ | 20.9 | 1.12% | ₹14.9k Cr | 13.7y | |
| Bank Of India ELSS Tax Saver Bank of India | 55 | Hold | 6.4% | 13.8% | 11.8% | 0.64 | 0.52 | 18.0 | 1.8 | 1.06 | 4★ | 21.3 | 1.03% | ₹1.4k Cr | 13.7y | |
| Kotak ELSS Tax Saver Gr Dir Kotak | 55 | Hold | 4.3% | 11.9% | 12.3% | 0.37 | 0.50 | 14.4 | -0.9 | 0.98 | 4★ | 24.4 | 0.81% | ₹6.3k Cr | 13.7y | |
| Bajaj Finserv ELSS Tax Saver Bajaj Finserv | 53 | Hold | 7.6% | — | — | 0.40 | 0.57 | 13.1 | 4.4 | 0.87 | — | 25.7 | 1.28% | ₹89 Cr | 1.6y | |
| FranklIn India ELSS Tax Saver Franklin | 52 | Hold | -0.8% | 11.9% | 12.4% | 0.39 | 0.53 | 13.5 | -0.6 | 0.92 | 4★ | 23.7 | 1.17% | ₹6.2k Cr | 13.7y | |
| Bandhan ELSS Tax Saver Bandhan | 51 | Hold | 4.4% | 10.3% | 12.4% | 0.30 | 0.40 | 12.5 | -2.1 | 0.86 | 4★ | 23.2 | 0.93% | ₹7.0k Cr | 13.7y | |
| Invesco India ELSS Tax Saver Invesco | 50 | Hold | 2.9% | 13.6% | 10.9% | 0.54 | 0.64 | 16.6 | -0.5 | 1.02 | 3★ | 34.2 | 1.17% | ₹2.7k Cr | 13.7y | |
| ABSL ELSS Tax Saver Gr Dir Aditya Birla Sun Life | 50 | Hold | 3.4% | 12.3% | 8.9% | 0.42 | 0.58 | 13.4 | -0.1 | 0.92 | 3★ | 30.9 | 1.07% | ₹14.7k Cr | 13.7y | |
| ICICI Pru ELSS Tax Saver ICICI Pru | 50 | Hold | 1.1% | 11.9% | 10.6% | 0.42 | 0.58 | 12.6 | -0.1 | 0.85 | 3★ | 24.9 | 1.21% | ₹14.3k Cr | 13.7y | |
| Axis ELSS Tax Saver Axis | 48 | Hold | 3.1% | 12.3% | 6.4% | 0.42 | 0.59 | 13.3 | -0.6 | 0.89 | 2★ | 29.1 | 1.04% | ₹32.3k Cr | 13.7y | |
| Parag Parikh ELSS Tax Saver Parag Parikh | 47 | Hold | -6.3% | 10.1% | 11.9% | 0.29 | 0.40 | 11.2 | -1.3 | 0.72 | 4★ | 17.7 | 0.67% | ₹5.7k Cr | 7.1y | |
| NJ ELSS Tax Saver Scheme NJ | 43 | Avoid | -0.8% | 11.0% | — | — | — | — | — | — | 3★ | 30.9 | 0.70% | ₹346 Cr | 3.2y | |
| Quantum ELSS Tax Saver Quantum | 39 | Avoid | -4.0% | 10.8% | 10.2% | 0.33 | 0.46 | 12.2 | -1.1 | 0.81 | 3★ | 19.8 | 0.93% | ₹213 Cr | 17.7y | |
| Union ELSS Tax Saver Union | 38 | Avoid | 2.6% | 11.4% | 11.0% | 0.34 | 0.47 | 14.1 | -1.2 | 0.96 | 3★ | 30.9 | 1.68% | ₹861 Cr | 13.7y | |
| Taurus ELSS Tax Saver Taurus | 33 | Avoid | 1.1% | 11.3% | 11.0% | 0.32 | 0.44 | 13.7 | -1.3 | 0.90 | 3★ | 30.9 | 2.10% | ₹73 Cr | 13.7y | |
| PGIM India ELSS Tax Saver PGIM India | 31 | Avoid | 2.4% | 10.1% | 10.8% | 0.26 | 0.36 | 13.2 | -2.2 | 0.90 | 3★ | 27.8 | 1.20% | ₹718 Cr | 10.7y | |
| LIC MF ELSS Tax Saver LIC | 29 | Avoid | -1.0% | 10.3% | 9.9% | 0.28 | 0.38 | 13.6 | -1.9 | 0.91 | 3★ | 28.5 | 1.24% | ₹1.0k Cr | 13.7y | |
| UTI ELSS Tax Saver UTI | 28 | Avoid | 0.0% | 9.2% | 8.0% | 0.20 | 0.28 | 13.0 | -2.9 | 0.88 | 2★ | 24.0 | 1.01% | ₹3.5k Cr | 13.7y | |
| MahIndra Manulife ELSS Tax Saver Mahindra Manulife | 25 | Avoid | -1.5% | 9.2% | 10.1% | 0.19 | 0.26 | 13.2 | -3.2 | 0.91 | 3★ | 23.5 | 1.19% | ₹904 Cr | 9.9y | |
| Sundaram ELSS Tax Saver Sundaram | 24 | Avoid | -2.5% | 9.3% | 9.9% | 0.21 | 0.28 | 13.1 | -3.0 | 0.90 | 3★ | 30.9 | 1.79% | ₹1.3k Cr | 13.7y | |
| Groww ELSS Tax Saver Groww | 21 | Avoid | -2.8% | 10.7% | 9.3% | 0.27 | 0.37 | 14.4 | -2.2 | 0.97 | 2★ | 30.9 | 1.44% | ₹51 Cr | 8.7y | |
| Shriram ELSS Tax Saver Shriram | 16 | Avoid | 2.0% | 8.5% | 7.8% | 0.11 | 0.15 | 15.6 | -4.7 | 1.03 | 2★ | 30.9 | 0.99% | ₹48 Cr | 7.6y | |
| Sundaram Value Sundaram | 9 | Avoid | -4.0% | 7.4% | 8.2% | 0.11 | 0.14 | 18.7 | -18.8 | 0.89 | 2★ | — | 1.78% | ₹1.3k Cr | 13.7y | |
| Samco ELSS Tax Saver Samco | 8 | Avoid | 1.7% | 5.4% | — | -0.07 | -0.09 | 17.6 | -7.9 | 1.06 | 1★ | 26.2 | 1.38% | ₹105 Cr | 3.7y |
ELSS (Tax Saver) funds — quick answers
›Which is the best ELSS (Tax Saver) mutual fund right now?
Motilal Oswal ELSS Tax Saver currently ranks #1 of 38 ELSS (Tax Saver) funds with a FundLens Smart Score of 83/100 (Strong Buy). It returned 22.8% over 3 years and 17.4% over 5 years at a 0.98% expense ratio (direct plan). Rankings are recomputed from data updated 03 Sept 2026.
›Which ELSS (Tax Saver) fund has the best risk-adjusted returns?
Motilal Oswal ELSS Tax Saver leads the category on the Sortino ratio at 1.16 (Sharpe 0.86) — meaning it has delivered the most return per unit of downside risk among ELSS (Tax Saver) funds.
›Which ELSS (Tax Saver) fund has the lowest expense ratio?
Parag Parikh ELSS Tax Saver charges 0.67% a year (direct plan) — the lowest in the category. Lower fees compound in your favour over long holding periods.
›Which is the smallest ELSS (Tax Saver) fund by AUM?
Shriram ELSS Tax Saver manages ₹48 Cr, the smallest in the category. Smaller funds can be nimbler, but check track record and costs before treating size alone as an edge.
›How long should I stay invested in a ELSS (Tax Saver) fund?
ELSS (Tax Saver) funds carry very high risk, so a horizon of 7+ years is generally sensible. Section 80C tax deduction with a 3-year lock-in — equity that saves tax. This is research, not investment advice.
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