ELSS Funds

ELSS Mutual Funds are equity-oriented tax-saving mutual funds that help you build long-term wealth w...

ELSS Mutual Fund Schemes

Axis ELSS Tax Saver Fund

Axis ELSS Tax Saver Fund

31,023.339
96.17
-0.46 %
11.37 %
8.28 %
Very High
SBI ELSS Tax Saver Fund

SBI ELSS Tax Saver Fund

30,955.007
438.68
-0.38 %
18.38 %
17.48 %
Very High
Mirae Asset ELSS Tax Saver Fund

Mirae Asset ELSS Tax Saver Fund

25,373.669
50.66
3.64 %
15.32 %
13.61 %
Very High
DSP ELSS Tax Saver Fund

DSP ELSS Tax Saver Fund

16,156.218
139.86
0.04 %
16.85 %
14.68 %
Very High
HDFC ELSS Tax Saver Fund

HDFC ELSS Tax Saver Fund

15,366.5
1373.10
-2.62 %
15.93 %
16.86 %
Very High
Nippon India ELSS Tax Saver Fund

Nippon India ELSS Tax Saver Fund

14,700.064
131.58
2.62 %
15.48 %
14.89 %
Very High
Aditya Birla Sun Life ELSS Tax Saver Fund

Aditya Birla Sun Life ELSS Tax Saver Fund

14,249.2
61.90
2.32 %
13.54 %
9.97 %
Very High
ICICI Prudential ELSS Tax Saver

ICICI Prudential ELSS Tax Saver

13,637.689
936.35
0.86 %
13.52 %
13.05 %
Very High
Quant ELSS Tax Saver Fund

Quant ELSS Tax Saver Fund

13,070.352
404.64
10.52 %
17.86 %
17.09 %
Very High
Canara Robeco ELSS Tax Saver

Canara Robeco ELSS Tax Saver

8,471.826
178.69
1.87 %
13.45 %
12.67 %
Very High
Bandhan ELSS Tax Saver Fund

Bandhan ELSS Tax Saver Fund

6,767.052
155.07
1.98 %
12.63 %
13.62 %
Very High
Franklin India ELSS Tax Saver Fund

Franklin India ELSS Tax Saver Fund

6,038.734
1429.78
-3.84 %
14.39 %
13.78 %
Very High
Kotak ELSS Tax Saver Fund

Kotak ELSS Tax Saver Fund

6,020.149
116.16
0.11 %
13.32 %
13.62 %
Very High
Parag Parikh ELSS Tax Saver Fund

Parag Parikh ELSS Tax Saver Fund

5,539.588
29.74
-6.96 %
12.28 %
14.26 %
Very High
Motilal Oswal ELSS Tax Saver Fund

Motilal Oswal ELSS Tax Saver Fund

4,663.256
55.65
6.11 %
23.29 %
19.07 %
Very High
Tata ELSS Fund

Tata ELSS Fund

4,515.951
46.39
4.77 %
15.09 %
14.53 %
Very High
HSBC ELSS Tax Saver Fund

HSBC ELSS Tax Saver Fund

3,985.49
139.48
3.18 %
17.13 %
14.63 %
Very High
UTI ELSS Tax Saver Fund

UTI ELSS Tax Saver Fund

3,399.987
201.84
-2.82 %
10.81 %
10.25 %
Very High
Invesco India ELSS Tax Saver Fund

Invesco India ELSS Tax Saver Fund

2,645.383
123.69
-1.70 %
13.97 %
11.73 %
Very High
Bank of India ELSS Tax Saver Fund

Bank of India ELSS Tax Saver Fund

1,380.168
165.12
3.19 %
15.97 %
13.75 %
Very High
Sundaram ELSS Tax Saver Fund

Sundaram ELSS Tax Saver Fund

1,263.358
498.10
-2.20 %
11.03 %
11.88 %
Very High
LIC MF ELSS Tax Saver

LIC MF ELSS Tax Saver

977.515
147.48
-3.38 %
11.63 %
11.91 %
Very High
Baroda BNP Paribas ELSS Tax Saver Fund

Baroda BNP Paribas ELSS Tax Saver Fund

881.632
98.33
4.29 %
16.79 %
14.17 %
Very High
Mahindra Manulife ELSS Tax Saver Fund

Mahindra Manulife ELSS Tax Saver Fund

866.769
27.46
-3.46 %
10.73 %
12.09 %
Very High
Union ELSS Tax Saver Fund

Union ELSS Tax Saver Fund

835.038
65.34
0.66 %
12.90 %
12.98 %
Very High
PGIM India ELSS Tax Saver Fund

PGIM India ELSS Tax Saver Fund

688.592
34.34
-1.48 %
10.21 %
12.04 %
Very High
WhiteOak Capital ELSS Tax Saver Fund

WhiteOak Capital ELSS Tax Saver Fund

455.659
17.69
2.12 %
18.56 %
0.00 %
Very High
Edelweiss ELSS Tax Saver Fund

Edelweiss ELSS Tax Saver Fund

436.307
114.49
3.74 %
15.30 %
14.31 %
Very High
ITI ELSS Tax Saver Fund

ITI ELSS Tax Saver Fund

427.111
25.36
4.50 %
19.49 %
14.24 %
Very High
Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund

Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund

272.307
14.39
1.91 %
0.00 %
0.00 %
NA
JM ELSS Tax Saver Fund

JM ELSS Tax Saver Fund

222.929
50.51
4.85 %
17.16 %
16.25 %
Very High
Quantum ELSS Tax Saver Fund

Quantum ELSS Tax Saver Fund

207.761
118.53
-4.71 %
12.60 %
11.68 %
Very High
SBI Long Term Advantage Fund Series IV

SBI Long Term Advantage Fund Series IV

191.203
47.53
2.66 %
11.28 %
13.50 %
Very High
Navi ELSS Tax Saver Nifty 50 Index Fund

Navi ELSS Tax Saver Nifty 50 Index Fund

152.321
14.29
-3.57 %
8.89 %
0.00 %
Very High
Samco ELSS Tax Saver Fund

Samco ELSS Tax Saver Fund

107.494
12.59
-7.54 %
6.27 %
0.00 %
Very High
Bajaj Finserv ELSS Tax Saver Fund

Bajaj Finserv ELSS Tax Saver Fund

83.332
11.64
4.03 %
0.00 %
0.00 %
Very High
Taurus ELSS Tax Saver Fund

Taurus ELSS Tax Saver Fund

70.061
179.43
-4.75 %
11.88 %
11.89 %
Very High
360 ONE ELSS Tax Saver Nifty 50 Index Fund

360 ONE ELSS Tax Saver Nifty 50 Index Fund

68.033
13.66
-3.49 %
8.84 %
0.00 %
Very High
SBI Long Term Advantage Fund Series III

SBI Long Term Advantage Fund Series III

65.998
39.95
-2.99 %
15.19 %
15.19 %
Very High
Groww ELSS Tax Saver Fund

Groww ELSS Tax Saver Fund

49.709
19.00
-4.08 %
11.25 %
10.87 %
Very High
Shriram ELSS Tax Saver Fund

Shriram ELSS Tax Saver Fund

45.882
20.88
-0.58 %
9.84 %
10.16 %
Very High
Sundaram Long Term Micro Cap Tax Advantage Fund Series IV

Sundaram Long Term Micro Cap Tax Advantage Fund Series IV

36.158
31.58
6.19 %
16.45 %
18.54 %
Very High
Sundaram Long Term Tax Advantage Fund Series III

Sundaram Long Term Tax Advantage Fund Series III

33.784
32.71
9.40 %
17.65 %
19.46 %
Very High
Sundaram Long Term Micro Cap Tax Advantage Fund Series V

Sundaram Long Term Micro Cap Tax Advantage Fund Series V

30.671
30.73
6.51 %
17.24 %
18.00 %
Very High
Sundaram Long Term Tax Advantage Fund Series II

Sundaram Long Term Tax Advantage Fund Series II

13.087
35.18
5.62 %
13.85 %
12.79 %
Very High

Top 5 ELSS Mutual Funds (Based on 3-Year Returns)

Motilal Oswal ELSS Tax Saver Fund

Motilal Oswal ELSS Tax Saver Fund

4,663.256
55.65
6.11 %
23.29 %
19.07 %
Very High
ITI ELSS Tax Saver Fund

ITI ELSS Tax Saver Fund

427.111
25.36
4.50 %
19.49 %
14.24 %
Very High
WhiteOak Capital ELSS Tax Saver Fund

WhiteOak Capital ELSS Tax Saver Fund

455.659
17.69
2.12 %
18.56 %
0.00 %
Very High
SBI ELSS Tax Saver Fund

SBI ELSS Tax Saver Fund

30,955.007
438.68
-0.38 %
18.38 %
17.48 %
Very High
Quant ELSS Tax Saver Fund

Quant ELSS Tax Saver Fund

13,070.352
404.64
10.52 %
17.86 %
17.09 %
Very High

ELSS Mutual Fund FAQs

An ELSS (Equity Linked Savings Scheme) is a tax-saving mutual fund that primarily invests in equities. It offers tax deductions under Section 80C of the Income Tax Act and comes with a mandatory lock-in period of 3 years, making it suitable for long-term wealth creation.

ELSS funds stand out because they provide tax benefits under Section 80C and have a 3-year lock-in period. Most other mutual funds do not offer tax deductions and generally allow investors to redeem their units at any time, subject to applicable exit loads.

Yes, you can invest in ELSS funds through a Systematic Investment Plan (SIP). SIPs allow you to invest a fixed amount regularly, making it easier to build wealth over time while also enjoying tax-saving benefits. Each SIP installment has its own 3-year lock-in period.

ELSS investments are not completely tax-free. While investments may qualify for tax deductions under Section 80C, gains earned on redemption are subject to capital gains tax as per prevailing tax laws.

No, ELSS funds cannot be redeemed before the completion of the 3-year lock-in period. This lock-in starts from the date of each investment, including every SIP installment. Once the lock-in period ends, you can redeem your units whenever you choose.