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ELSS Mutual Funds

Find here some best ELSS fund to invest

  • Annual Returns 13.48%
  • Average Risk High
  • Total Funds 39

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.
More

Top Performing ELSS Funds in India for High Returns

AMC List

  • Kotak
  • Aditya Birla Sun Life
  • ICICI
  • Tata
  • HDFC
  • SBI
  • UTI
  • Nippon
  • Sundaram
  • Canara
  • Invesco
  • Axis
  • Baroda BNP Paribas
  • DSP
  • EDELWEISS
  • Franklin
  • HSBC
  • JM Financial
  • LIC
  • Mirae Asset
  • Motilal Oswal
  • Mahindra
  • PGIM
  • WOC
  • Bandhan
  • 360 One
  • Bajaj Finserv
  • Quant
  • Parag Parikh
  • ITI
  • Bank of India
  • Groww

Minimum SIP Amt.

  • ₹100 - ₹500
  • ₹500 - ₹1000
  • ₹1000 - ₹5000

Fund Option

  • Growth
  • Dividend
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Snapshot

Returns

Risk

Information

NAV Details

Compare Funds

1D NAV Changed 0.16%
SIP 3Y P.a. 14.44%
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1D NAV Changed 0%
SIP 3Y P.a. 10.84%
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1D NAV Changed -0.37%
SIP 3Y P.a. 17.28%
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1D NAV Changed -0.39%
SIP 3Y P.a. 14.24%
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1D NAV Changed -0.39%
SIP 3Y P.a. 14.24%
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1D NAV Changed -0.51%
SIP 3Y P.a. -
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1D NAV Changed -0.52%
SIP 3Y P.a. 12.09%
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1D NAV Changed -0.55%
SIP 3Y P.a. 20.36%
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1D NAV Changed -0.55%
SIP 3Y P.a. 10.4%
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1D NAV Changed -0.57%
SIP 3Y P.a. 13%
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1D NAV Changed -0.58%
SIP 3Y P.a. 23.58%
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1D NAV Changed -0.58%
SIP 3Y P.a. 11.08%
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1D NAV Changed -0.6%
SIP 3Y P.a. 12.88%
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1D NAV Changed -0.61%
SIP 3Y P.a. 13.79%
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1D NAV Changed -0.62%
SIP 3Y P.a. 12.56%
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1D NAV Changed -0.62%
SIP 3Y P.a. 10.74%
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1D NAV Changed -0.62%
SIP 3Y P.a. 12.56%
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1D NAV Changed -0.62%
SIP 3Y P.a. 17.36%
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1D NAV Changed -0.62%
SIP 3Y P.a. 17.65%
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1D NAV Changed -0.63%
SIP 3Y P.a. 11.09%
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1 Week 1.02%
1 Month -7.06%
3 Months -8.33%
6 Months -12.74%
1 Year -1.18%
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1 Week 0.79%
1 Month -9.14%
3 Months -11.45%
6 Months -19.69%
1 Year -2.34%
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1 Week -0.37%
1 Month -4.94%
3 Months -7.64%
6 Months -14.63%
1 Year 8.15%
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1 Week 0.1%
1 Month -4.61%
3 Months -5.24%
6 Months -8.46%
1 Year 11.4%
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1 Week 0.1%
1 Month -4.61%
3 Months -5.24%
6 Months -8.46%
1 Year 11.4%
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1 Week -0.59%
1 Month -0.9%
3 Months -2.25%
6 Months -7.73%
1 Year 4.12%
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1 Week 0.09%
1 Month -2.55%
3 Months -5.01%
6 Months -11.46%
1 Year 1.24%
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1 Week -0.45%
1 Month -1.05%
3 Months -3.4%
6 Months -6.39%
1 Year 9.44%
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1 Week 1.27%
1 Month -5.76%
3 Months -8.5%
6 Months -20.62%
1 Year -7.97%
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1 Week 0.45%
1 Month -3.7%
3 Months -5.14%
6 Months -10.86%
1 Year 5.34%
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1 Week 0.11%
1 Month -2.83%
3 Months -4.43%
6 Months -9.78%
1 Year 9.07%
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1 Week 0.32%
1 Month -2.42%
3 Months -4.45%
6 Months -11.22%
1 Year 3.42%
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1 Week 0.01%
1 Month -5%
3 Months -6.55%
6 Months -10.56%
1 Year 6.72%
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1 Week -0.67%
1 Month -1.46%
3 Months -3.64%
6 Months -8.37%
1 Year 6.08%
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1 Week -0.42%
1 Month -2.11%
3 Months -3.29%
6 Months -8.41%
1 Year 5.61%
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1 Week -0.32%
1 Month -1.84%
3 Months -3.18%
6 Months -8.16%
1 Year 4.09%
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1 Week -0.42%
1 Month -2.11%
3 Months -3.29%
6 Months -8.41%
1 Year 5.61%
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1 Week 1.65%
1 Month -5.35%
3 Months -7.39%
6 Months -10.82%
1 Year 12.03%
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1 Week -0.16%
1 Month -0.28%
3 Months -1.5%
6 Months -3.08%
1 Year 10.36%
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1 Week -0.1%
1 Month -2.36%
3 Months -4.99%
6 Months -10.87%
1 Year 6.8%
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2 Years 22.43%
3 Years 18.39%
5 Years 25%
Annual Rt 13.26%
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2 Years 19.46%
3 Years 12.22%
5 Years 18.01%
Annual Rt 13.73%
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2 Years 23.3%
3 Years 16.25%
5 Years 17.83%
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2 Years 19.22%
3 Years 12.83%
5 Years 12.95%
Annual Rt 10.65%
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2 Years 19.22%
3 Years 12.83%
5 Years 12.95%
Annual Rt 10.65%
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2 Years 13.66%
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Annual Rt 14.6%
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2 Years 17.16%
3 Years 13.22%
5 Years 19.33%
Annual Rt 18.06%
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2 Years 24.93%
3 Years 20.9%
5 Years 19.97%
Annual Rt 19.46%
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2 Years 18.85%
3 Years 14.61%
5 Years 27.07%
Annual Rt 15.65%
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2 Years 17.98%
3 Years 12.33%
5 Years 17.38%
Annual Rt 18.85%
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2 Years 29.95%
3 Years 22.84%
5 Years 22.19%
Annual Rt 12.25%
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2 Years 15.24%
3 Years 11.68%
5 Years 16.23%
Annual Rt 13.03%
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2 Years 17.11%
3 Years 13.07%
5 Years 15.27%
Annual Rt 14.73%
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2 Years 18.59%
3 Years 12.79%
5 Years 16.27%
Annual Rt 18.92%
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2 Years 17.04%
3 Years 12.39%
5 Years 16.78%
Annual Rt 14.15%
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2 Years 14.38%
3 Years 11.52%
5 Years 13.67%
Annual Rt 14.69%
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2 Years 17.04%
3 Years 12.39%
5 Years 16.78%
Annual Rt 14.15%
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2 Years 22.74%
3 Years 15.84%
5 Years 16.05%
Annual Rt 13.68%
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2 Years 21%
3 Years 16.46%
5 Years 21.53%
Annual Rt 23.02%
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2 Years 16.13%
3 Years 10.04%
5 Years 14.38%
Annual Rt 11.74%
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Min SIP ₹250
Min Lumpsum ₹5000
Expense Ratio 1.42%
Fund Manager Dwijendra Srivastava
Launch Date 03-Oct 2017
Invest
Min SIP ₹1000
Min Lumpsum ₹500
Expense Ratio -
Fund Manager Dhruv Bhatia
Launch Date 19-Feb 2018
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 2.39%
Fund Manager Asit Bhandarkar
Launch Date 23-Apr 2008
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 2.13%
Fund Manager Karan Doshi
Launch Date 17-Apr 2000
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 2.13%
Fund Manager Karan Doshi
Launch Date 17-Apr 2000
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 0.52%
Fund Manager Parijat Garg
Launch Date 28-Dec 2022
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 1.76%
Fund Manager Daylynn Gerard Paul Pinto
Launch Date 26-Dec 2008
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 1.7%
Fund Manager Roshi Jain
Launch Date 02-Apr 1996
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 1.71%
Fund Manager Vasav Sahgal
Launch Date 31-Mar 2000
Invest
Min SIP ₹100
Min Lumpsum ₹500
Expense Ratio 1.56%
Fund Manager Neelesh Surana
Launch Date 28-Dec 2015
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 1.6%
Fund Manager Dinesh Balachandran
Launch Date 31-Mar 1993
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 2.18%
Fund Manager Fatema Pacha
Launch Date 18-Oct 2016
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 1.82%
Fund Manager Sailesh Jain
Launch Date 13-Oct 2014
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 1.73%
Fund Manager Mittul Kalawadia
Launch Date 19-Aug 1999
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 2.23%
Fund Manager Sudhir Kedia
Launch Date 31-Mar 1996
Invest
Min SIP ₹250
Min Lumpsum ₹500
Expense Ratio 2.21%
Fund Manager Sudhir Kedia
Launch Date 22-Nov 1999
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 2.23%
Fund Manager Sudhir Kedia
Launch Date 31-Mar 1996
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 1.89%
Fund Manager Gautam Bhupal
Launch Date 27-Feb 2006
Invest
Min SIP ₹1000
Min Lumpsum ₹500
Expense Ratio 1.73%
Fund Manager Rajeev Thakkar
Launch Date 24-Jul 2019
Invest
Min SIP ₹500
Min Lumpsum ₹500
Expense Ratio 1.9%
Fund Manager Vishal Chopda
Launch Date 30-Jul 2005
Invest
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Comparison of Top ELSS Funds

ELSS Funds Return Calculator

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  • Invested Amount
  • Estimated Returns

  • Invested Amount ₹43,855
  • Interest Earned ₹6,145

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 2025

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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