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 | 4.0% | 19.5% | 15.9% | 0.72 | 0.92 | 22.0 | 9.6 | 1.14 | 5★ | 41.6 | 0.95% | ₹4.9k Cr | 11.7y | |
| WhiteOak Capital ELSS Tax Saver WhiteOak | 78 | Strong Buy | -0.3% | 14.9% | — | 0.66 | 0.80 | 15.5 | 5.0 | 0.93 | 5★ | 24.5 | 0.87% | ₹481 Cr | 4.0y | |
| HSBC ELSS Tax Saver HSBC | 74 | Buy | 0.6% | 14.9% | 11.3% | 0.61 | 0.69 | 16.9 | 4.7 | 1.01 | 4★ | 27.0 | 1.22% | ₹4.0k Cr | 13.8y | |
| Quant ELSS Tax Saver Quant | 74 | Buy | 6.7% | 14.0% | 13.1% | 0.53 | 0.61 | 18.3 | 3.8 | 1.06 | 5★ | 32.1 | 1.21% | ₹13.1k Cr | 13.8y | |
| JM ELSS Tax Saver JM | 72 | Buy | 3.3% | 15.2% | 12.3% | 0.64 | 0.72 | 17.1 | 5.2 | 1.02 | 5★ | 28.7 | 1.35% | ₹240 Cr | 13.8y | |
| ITI ELSS Tax Saver ITI | 72 | Buy | -0.1% | 14.6% | 11.2% | 0.58 | 0.63 | 20.2 | 5.0 | 1.19 | 4★ | 23.0 | 0.90% | ₹445 Cr | 7.0y | |
| SBI ELSS Tax Saver SBI | 71 | Buy | -6.0% | 12.7% | 13.1% | 0.47 | 0.64 | 15.8 | 2.2 | 0.95 | 4★ | 23.1 | 1.25% | ₹30.0k Cr | 13.8y | |
| HDFC ELSS Tax Saver HDFC | 70 | Buy | -8.3% | 12.1% | 12.3% | 0.48 | 0.63 | 14.2 | 2.0 | 0.86 | 4★ | 21.5 | 1.21% | ₹14.9k Cr | 13.8y | |
| DSP ELSS Tax Saver DSP | 69 | Buy | -4.2% | 12.3% | 10.6% | 0.44 | 0.56 | 16.1 | 1.7 | 0.98 | 4★ | 18.2 | 0.92% | ₹15.6k Cr | 13.8y | |
| Edelweiss ELSS Tax Saver Edelweiss | 67 | Buy | -0.1% | 12.7% | 10.4% | 0.48 | 0.58 | 16.1 | 2.2 | 0.99 | 4★ | 24.2 | 0.93% | ₹428 Cr | 13.7y | |
| Tata ELSS Tax Saver Tata | 66 | Buy | 0.7% | 11.5% | 10.4% | 0.43 | 0.46 | 16.1 | 1.5 | 0.99 | 4★ | 22.1 | 0.88% | ₹4.4k Cr | 12.0y | |
| Nippon India ELSS Tax Saver Nippon India | 64 | Buy | -2.1% | 11.4% | 10.3% | 0.43 | 0.46 | 15.2 | 1.3 | 0.94 | 3★ | 19.2 | 1.13% | ₹14.1k Cr | 13.8y | |
| Baroda BNP Paribas ELSS Tax Saver Baroda BNP Paribas | 63 | Buy | -0.0% | 13.8% | 9.9% | 0.57 | — | 16.1 | 3.8 | 0.97 | 4★ | 27.9 | 1.28% | ₹857 Cr | 13.8y | |
| Mirae Asset ELSS Tax Saver Mirae Asset | 60 | Hold | -3.3% | 11.2% | 9.1% | 0.33 | 0.45 | 14.1 | 0.6 | 0.96 | 4★ | 21.7 | 1.03% | ₹24.6k Cr | 10.9y | |
| Kotak ELSS Tax Saver Kotak | 60 | Hold | -2.5% | 10.0% | 10.6% | 0.24 | 0.32 | 14.5 | -0.7 | 0.98 | 4★ | 25.9 | 0.83% | ₹6.1k Cr | 13.8y | |
| Canara Robeco ELSS Tax Saver Canara Robeco | 58 | Hold | -2.9% | 10.8% | 8.5% | 0.31 | 0.42 | 13.6 | 0.3 | 0.93 | 4★ | 24.4 | 0.70% | ₹8.2k Cr | 13.8y | |
| Bank Of India ELSS Tax Saver Bank of India | 56 | Hold | 0.8% | 11.3% | 9.5% | 0.40 | 0.36 | 17.8 | 1.5 | 1.02 | 4★ | 22.1 | 1.10% | ₹1.4k Cr | 13.8y | |
| Bandhan ELSS Tax Saver Bandhan | 52 | Hold | -1.6% | 9.2% | 9.6% | 0.21 | 0.29 | 12.6 | -1.3 | 0.86 | 4★ | 20.9 | 0.95% | ₹6.6k Cr | 13.8y | |
| Invesco India ELSS Tax Saver Invesco | 49 | Hold | -4.1% | 11.3% | 8.3% | 0.32 | 0.44 | 14.8 | 0.6 | 0.99 | 4★ | 34.5 | 1.20% | ₹2.6k Cr | 13.8y | |
| ICICI Pru ELSS Tax Saver ICICI Pru | 49 | Hold | -6.1% | 9.9% | 8.2% | 0.26 | 0.37 | 12.7 | -0.3 | 0.85 | 3★ | 23.3 | 1.22% | ₹13.5k Cr | 13.8y | |
| Quantum ELSS Tax Saver Quantum | 48 | Hold | -7.7% | 9.6% | 8.7% | 0.25 | 0.35 | 12.4 | -0.4 | 0.81 | 3★ | 18.6 | 0.95% | ₹196 Cr | 17.8y | |
| Parag Parikh ELSS Tax Saver Parag Parikh | 47 | Hold | -9.9% | 8.4% | 9.4% | 0.17 | 0.23 | 11.3 | -1.1 | 0.72 | 4★ | 16.7 | 0.65% | ₹5.4k Cr | 7.3y | |
| ABSL ELSS Tax Saver Aditya Birla Sun Life | 45 | Hold | -4.8% | 9.9% | 6.9% | 0.25 | 0.34 | 13.5 | -0.5 | 0.92 | 3★ | 24.2 | 1.09% | ₹13.6k Cr | 13.8y | |
| FranklIn India ELSS Tax Saver Franklin | 44 | Avoid | -7.9% | 9.3% | 9.5% | 0.21 | 0.28 | 13.6 | -1.1 | 0.92 | 3★ | 22.3 | 1.15% | ₹5.8k Cr | 13.8y | |
| Bajaj Finserv ELSS Tax Saver Bajaj Finserv | 44 | Avoid | 0.1% | — | — | 0.15 | 0.21 | 13.1 | 3.8 | 0.87 | — | 24.8 | 1.26% | ₹88 Cr | 1.7y | |
| Taurus ELSS Tax Saver Taurus | 43 | Avoid | -3.4% | 9.9% | 9.4% | 0.25 | 0.34 | 13.8 | -0.4 | 0.89 | 3★ | 24.2 | 2.05% | ₹71 Cr | 13.8y | |
| Axis ELSS Tax Saver Axis | 41 | Avoid | -4.1% | 9.5% | 4.1% | 0.23 | 0.31 | 13.4 | -1.4 | 0.89 | 2★ | 27.8 | 1.06% | ₹30.4k Cr | 13.8y | |
| NJ ELSS Tax Saver Scheme NJ | 37 | Avoid | -5.0% | 8.3% | — | — | — | — | — | — | 3★ | 24.2 | 0.79% | ₹332 Cr | 3.3y | |
| PGIM India ELSS Tax Saver PGIM India | 36 | Avoid | -4.4% | 8.6% | 8.6% | 0.16 | 0.21 | 13.3 | -1.7 | 0.90 | 4★ | 26.2 | 1.10% | ₹680 Cr | 10.9y | |
| Union ELSS Tax Saver Union | 35 | Avoid | -4.0% | 9.4% | 8.6% | 0.21 | 0.28 | 14.2 | -1.2 | 0.97 | 3★ | 29.9 | 1.74% | ₹821 Cr | 13.8y | |
| LIC MF ELSS Tax Saver LIC | 29 | Avoid | -6.8% | 8.7% | 7.8% | 0.16 | 0.21 | 13.8 | -1.7 | 0.92 | 3★ | 27.8 | 1.29% | ₹972 Cr | 13.8y | |
| UTI ELSS Tax Saver UTI | 26 | Avoid | -6.4% | 7.6% | 6.2% | 0.09 | 0.12 | 13.1 | -2.6 | 0.88 | 2★ | 22.8 | 1.18% | ₹3.3k Cr | 13.8y | |
| Mahindra Manulife ELSS Tax Saver Mahindra Manulife | 26 | Avoid | -7.8% | 7.3% | 8.0% | 0.06 | 0.09 | 13.3 | -3.0 | 0.91 | 3★ | 22.0 | 1.07% | ₹829 Cr | 10.0y | |
| Sundaram ELSS Tax Saver Sundaram | 22 | Avoid | -7.8% | 7.6% | 7.4% | 0.08 | 0.11 | 13.3 | -2.7 | 0.90 | 3★ | 24.2 | 1.78% | ₹1.2k Cr | 13.8y | |
| Groww ELSS Tax Saver Groww | 18 | Avoid | -8.7% | 8.2% | 7.2% | 0.12 | 0.16 | 14.5 | -2.5 | 0.97 | 2★ | 24.2 | 1.50% | ₹48 Cr | 8.8y | |
| Shriram ELSS Tax Saver Shriram | 16 | Avoid | -4.9% | 6.2% | 5.7% | -0.02 | -0.03 | 15.6 | -4.6 | 1.02 | 1★ | 24.2 | 0.92% | ₹44 Cr | 7.7y | |
| Sundaram Value Sundaram | 12 | Avoid | -8.1% | 5.9% | 6.4% | 0.11 | 0.14 | 18.7 | -18.8 | 0.89 | 2★ | — | 1.78% | ₹1.2k Cr | 13.8y | |
| Samco ELSS Tax Saver Samco | 8 | Avoid | -2.0% | 2.9% | — | -0.20 | -0.27 | 17.9 | -8.1 | 1.06 | 1★ | 53.1 | 2.11% | ₹104 Cr | 3.8y |
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 19.5% over 3 years and 15.9% over 5 years at a 0.95% expense ratio (direct plan). Rankings are recomputed from data updated 18 Oct 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 0.92 (Sharpe 0.72) — 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 0.65% 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 ₹44 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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