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ELSS Mutual Funds
Find here some best ELSS fund to invest
- Annual Returns 15.08%
- Average Risk High
- Total Funds 35
What is ELSS Mutual Fund?
Tax Saving Mutual Funds, known as Equity Linked Savings Funds (ELSS 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.
Top 5 ELSS Funds for 2-3X Returns in 5 Yrs
Latest Recommendation By Team of ExpertsTop Performing ELSS Funds in India for High Returns
|
|
Lumpsum 3Y P.a
17.53%
|
SIP 3Y P.a.
25.89%
|
Return Vs Category
High |
Risk Vs Category
Low |
Invest | |
|
|
Lumpsum 3Y P.a
20.26%
|
SIP 3Y P.a.
32.29%
|
Return Vs Category
High |
Risk Vs Category
Low |
Invest | |
|
|
Lumpsum 3Y P.a
15.15%
|
SIP 3Y P.a.
23.28%
|
Return Vs Category
High |
Risk Vs Category
Low |
Invest | |
|
|
Lumpsum 3Y P.a
22.25%
|
SIP 3Y P.a.
27.42%
|
Return Vs Category
High |
Risk Vs Category
Low |
Invest | |
|
|
Lumpsum 3Y P.a
-
|
SIP 3Y P.a.
-
|
Return Vs Category
Low |
Risk Vs Category
Low |
Invest | |
|
|
Lumpsum 3Y P.a
13.13%
|
SIP 3Y P.a.
18.56%
|
Return Vs Category
Low |
Risk Vs Category
Low |
Invest | |
|
|
Lumpsum 3Y P.a
13.13%
|
SIP 3Y P.a.
18.56%
|
Return Vs Category
Low |
Risk Vs Category
Low |
Invest | |
|
|
Lumpsum 3Y P.a
18.07%
|
SIP 3Y P.a.
21.41%
|
Return Vs Category
High |
Risk Vs Category
Low |
Invest | |
|
|
Lumpsum 3Y P.a
16.35%
|
SIP 3Y P.a.
21.57%
|
Return Vs Category
High |
Risk Vs Category
Low |
Invest | |
|
|
Lumpsum 3Y P.a
17.96%
|
SIP 3Y P.a.
23.57%
|
Return Vs Category
High |
Risk Vs Category
Low |
Invest |
Short Term
Long Term
SIP
Rolling Term
|
1 Week
0.06%
|
1 Month
-2.49%
|
3 Months
0.44%
|
6 Months
5.43%
|
1 Year
37.83%
|
Invest | ||
|
1 Week
-6.28%
|
1 Month
-13.44%
|
3 Months
-9.56%
|
6 Months
-0.33%
|
1 Year
23.16%
|
Invest | ||
|
1 Week
-2.22%
|
1 Month
-7.68%
|
3 Months
-5.69%
|
6 Months
-3.42%
|
1 Year
20.22%
|
Invest | ||
|
1 Week
-0.82%
|
1 Month
-3.44%
|
3 Months
-5.87%
|
6 Months
-4.08%
|
1 Year
19.21%
|
Invest | ||
|
1 Week
-2.04%
|
1 Month
-6.14%
|
3 Months
-3.66%
|
6 Months
0.28%
|
1 Year
19.09%
|
Invest | ||
|
1 Week
-0.97%
|
1 Month
-3.04%
|
3 Months
-2.88%
|
6 Months
-1.83%
|
1 Year
19%
|
Invest | ||
|
1 Week
-0.97%
|
1 Month
-3.04%
|
3 Months
-2.88%
|
6 Months
-1.83%
|
1 Year
19%
|
Invest | ||
|
1 Week
-1.23%
|
1 Month
-5.56%
|
3 Months
-8.37%
|
6 Months
-3.95%
|
1 Year
18.35%
|
Invest | ||
|
1 Week
-0.58%
|
1 Month
-4.03%
|
3 Months
-6%
|
6 Months
-5.05%
|
1 Year
17.59%
|
Invest | ||
|
1 Week
-0.93%
|
1 Month
-3.9%
|
3 Months
-5.01%
|
6 Months
-3.89%
|
1 Year
17.19%
|
Invest |
|
2 Years
27.65%
|
3 Years
17.53%
|
5 Years
20.19%
|
Annual Rt
20.46%
|
Invest | ||
|
2 Years
32.64%
|
3 Years
20.26%
|
5 Years
20.32%
|
Annual Rt
19.64%
|
Invest | ||
|
2 Years
25.76%
|
3 Years
15.15%
|
5 Years
17.08%
|
Annual Rt
13.68%
|
Invest | ||
|
2 Years
30.72%
|
3 Years
22.25%
|
5 Years
22.66%
|
Annual Rt
12.56%
|
Invest | ||
|
2 Years
26.35%
|
3 Years
-
|
5 Years
-
|
Annual Rt
30.1%
|
Invest | ||
|
2 Years
23.5%
|
3 Years
13.13%
|
5 Years
14.74%
|
Annual Rt
10.65%
|
Invest | ||
|
2 Years
23.5%
|
3 Years
13.13%
|
5 Years
14.74%
|
Annual Rt
10.65%
|
Invest | ||
|
2 Years
23.75%
|
3 Years
18.07%
|
5 Years
17.95%
|
Annual Rt
18.91%
|
Invest | ||
|
2 Years
23.86%
|
3 Years
16.35%
|
5 Years
19.84%
|
Annual Rt
15.26%
|
Invest | ||
|
2 Years
28.1%
|
3 Years
17.96%
|
5 Years
21.27%
|
Annual Rt
21.54%
|
Invest |
|
1 Year
-
|
2 Years
-
|
3 Years
-
|
5 Years
-
|
Invest | ||
|
1 Year
-
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2 Years
-
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3 Years
-
|
5 Years
-
|
Invest | ||
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1 Year
-
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2 Years
-
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3 Years
-
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5 Years
-
|
Invest | ||
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1 Year
-
|
2 Years
-
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3 Years
-
|
5 Years
-
|
Invest | ||
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1 Year
-
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2 Years
-
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3 Years
-
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5 Years
-
|
Invest | ||
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1 Year
-
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2 Years
-
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3 Years
-
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5 Years
-
|
Invest | ||
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1 Year
-
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2 Years
-
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3 Years
-
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5 Years
-
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Invest | ||
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1 Year
-
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2 Years
-
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3 Years
-
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5 Years
-
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Invest | ||
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1 Year
-
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2 Years
-
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3 Years
-
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5 Years
-
|
Invest | ||
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1 Year
-
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2 Years
-
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3 Years
-
|
5 Years
-
|
Invest |
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1 Year
0%
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3 Years
0%
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5 Years
0%
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Invest | ||
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1 Year
0%
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3 Years
0%
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5 Years
0%
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Invest | ||
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1 Year
0%
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3 Years
0%
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5 Years
0%
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Invest | ||
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1 Year
0%
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3 Years
0%
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5 Years
0%
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Invest | ||
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1 Year
0%
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3 Years
0%
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5 Years
0%
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Invest | ||
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1 Year
0%
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3 Years
0%
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5 Years
0%
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Invest | ||
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1 Year
0%
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3 Years
0%
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5 Years
0%
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Invest | ||
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1 Year
0%
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3 Years
0%
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5 Years
0%
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Invest | ||
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1 Year
0%
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3 Years
0%
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5 Years
0%
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Invest | ||
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1 Year
0%
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3 Years
0%
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5 Years
0%
|
Invest |
|
Standard Deviation
-
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Alpha
-
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Beta
-
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Sharpe Ratio
-
|
Invest | ||
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Standard Deviation
-
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Alpha
-
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Beta
-
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Sharpe Ratio
-
|
Invest | ||
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Standard Deviation
-
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Alpha
-
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Beta
-
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Sharpe Ratio
-
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Invest | ||
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Standard Deviation
-
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Alpha
-
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Beta
-
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Sharpe Ratio
-
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Invest | ||
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Standard Deviation
-
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Alpha
-
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Beta
-
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Sharpe Ratio
-
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Invest | ||
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Standard Deviation
-
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Alpha
-
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Beta
-
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Sharpe Ratio
-
|
Invest | ||
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Standard Deviation
-
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Alpha
-
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Beta
-
|
Sharpe Ratio
-
|
Invest | ||
|
Standard Deviation
-
|
Alpha
-
|
Beta
-
|
Sharpe Ratio
-
|
Invest | ||
|
Standard Deviation
-
|
Alpha
-
|
Beta
-
|
Sharpe Ratio
-
|
Invest | ||
|
Standard Deviation
-
|
Alpha
-
|
Beta
-
|
Sharpe Ratio
-
|
Invest |
|
Min SIP
₹0
|
Min Lumpsum
₹5000
|
Expense Ratio
-
|
Fund Manager
R. Srinivasan since Dec 2017
|
Launch Date
27-Mar 2018
|
Invest | ||
|
Min SIP
₹500
|
Min Lumpsum
₹500
|
Expense Ratio
1.83%
|
Fund Manager
Ajay Khandelwal
|
Launch Date
21-Jan 2015
|
Invest | ||
|
Min SIP
₹500
|
Min Lumpsum
₹500
|
Expense Ratio
1.89%
|
Fund Manager
Gautam Bhupal
|
Launch Date
27-Feb 2006
|
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
2.33%
|
Fund Manager
Piyush Baranwal
|
Launch Date
14-Oct 2022
|
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
₹5000
|
Expense Ratio
1.39%
|
Fund Manager
Rajat Chandak
|
Launch Date
22-Mar 2018
|
Invest | ||
|
Min SIP
₹500
|
Min Lumpsum
₹500
|
Expense Ratio
1.64%
|
Fund Manager
Rohit Singhania
|
Launch Date
18-Jan 2007
|
Invest | ||
|
Min SIP
₹0
|
Min Lumpsum
₹500
|
Expense Ratio
-
|
Fund Manager
Mr. Anup Upadhyay
|
Launch Date
17-Jul 2018
|
Invest |
|
Latest NAV
27.1906(22-01-2025)
|
Previous NAV
27.1906(22-01-2025)
|
NAV Change
-0.621331%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest | ||
|
Latest NAV
47.6905(22-01-2025)
|
Previous NAV
47.6905(22-01-2025)
|
NAV Change
-3.17672%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest | ||
|
Latest NAV
124.6865(22-01-2025)
|
Previous NAV
124.6865(22-01-2025)
|
NAV Change
-1.03107%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest | ||
|
Latest NAV
409.7366(22-01-2025)
|
Previous NAV
409.7366(22-01-2025)
|
NAV Change
-0.309628%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest | ||
|
Latest NAV
16.044(22-01-2025)
|
Previous NAV
16.044(22-01-2025)
|
NAV Change
-0.766947%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest | ||
|
Latest NAV
146.7256(22-01-2025)
|
Previous NAV
146.7256(22-01-2025)
|
NAV Change
0.18805%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest | ||
|
Latest NAV
146.7256(22-01-2025)
|
Previous NAV
146.7256(22-01-2025)
|
NAV Change
0.18805%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest | ||
|
Latest NAV
26.51(22-01-2025)
|
Previous NAV
26.51(22-01-2025)
|
NAV Change
-0.188253%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest | ||
|
Latest NAV
129.023(22-01-2025)
|
Previous NAV
129.023(22-01-2025)
|
NAV Change
-0.248175%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest | ||
|
Latest NAV
29.7831(22-01-2025)
|
Previous NAV
29.7831(22-01-2025)
|
NAV Change
-0.6518%
|
52- Week High NAV
-
|
52- Week Low NAV
-
|
Invest |
Join 50,000+ Investors Who Tested Their Suitability
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Suitability Test?
Check Suitability of ELSS Funds for your Portfolio
Suitability Result
Comparison of Top ELSS Funds
Mahindra Manulife ELSS Tax Saver Fund- Regular Plan - Growth
3Y Returns 10.94%
VS
Edelweiss ELSS Tax saver Fund - Regular Plan - Growth Option
3Y Returns 12.38%
Tata ELSS Tax Saver Fund-Growth-Regular Plan
3Y Returns 13.58%
VS
Edelweiss ELSS Tax saver Fund - Regular Plan - Growth Option
3Y Returns 12.38%
HSBC ELSS Tax saver Fund - Regular Growth
3Y Returns 15.15%
VS
Edelweiss ELSS Tax saver Fund - Regular Plan - Growth Option
3Y Returns 12.38%
UTI ELSS Tax Saver Fund - Regular Plan - Growth Option
3Y Returns 8.74%
VS
Motilal Oswal ELSS Tax Saver Fund (MOFLTE) - Regular Plan - Growth Option
3Y Returns 20.26%
ELSS Funds Return Calculator
Historical Returns
Future Value
Invested Amt.
+Net Profit
=Total Wealth
- Invested Amount
- Estimated Returns
- Invested Amount ₹43,855
- Interest Earned ₹6,145
Explore Other Popular Calculators
Benefits of Investing in an ELSS Mutual Fund?
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 Funds For SIP 2024
Let us look closely at the 3 Best ELSS Mutual Funds in India to invest in:
-
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.
-
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.
-
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 Fund 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
Explore Other Categories
By Market Capitalization
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Top Videos and Blogs on ELSS Mutual Funds
Videos
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Best Tax Saver Mutual Funds to Invest in 2024 | 3 Best ELSS Mutual Funds for Tax Saving
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Aditya Birla Tax Relief 96 Fund Review 2019 | ABSL Tax Relief 96 Fund | ELSS Mutual Fund Review 2019
Mutual Fund Review 2019: Mirae Asset Tax Saver Fund Regular Plan | Top ELSS Tax Saving Mutual Funds
Axis Long Term Equity Fund | Mutual Fund Review 2019 | Best ELSS Mutual Funds
ICICI Prudential Long Term Equity (Tax Saving) Fund Review 2019 | Best ELSS Mutual Funds in India
L&T Tax Advantage Fund Review 2019 | Best ELSS L&T Mutual Funds | Mutual Fund Review
Invesco India Tax Plan Mutual Fund Review 2019 | Best Tax saving Mutual Funds | Top ELSS Funds India
Motilal Oswal Long Term Equity Fund Review 2019 | Best ELSS Mutual Funds 2019 | Tax Saving MF Review
Comparison of Best ELSS Funds to Invest in 2022 | Best Tax Saving Mutual Funds 2022
You can select three funds for compare.
