Top ELSS Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 50 ELSS mutual funds. Their average 3 year return is 10.9% a year, and −5.8% over the last year. The highest 3 year returns: Motilal Oswal ELSS Tax Saver Fund 19.5%, SBI Long Term Advantage Fund - Series V 18.9%, JM ELSS - Tax Saver Fund 15.6%.
- Total AUM
- ₹2,34,370 Cr
- As on 30-09-2026
- Funds
- 50
- From 37 fund houses
- Expense ratio
- 0.65% to 2.06%
- Direct plans, lowest to highest
- Average 3Y return
- 10.9%
- A year, Direct plans
All ELSS Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Motilal Oswal ELSS Tax Saver Fund | 1 | 4,890 | +0.93% | +19.52% | +15.67% | +16.08% | Very High | 0.97% | None | 19.39% |
| SBI Long Term Advantage Fund - Series V | 2 | 366 | −5.06% | +18.92% | +13.21% | -- | Very High | 1.27% | -- | 15.17% |
| JM ELSS - Tax Saver Fund | 3 | 240 | −1.27% | +15.60% | +12.32% | +15.40% | Very High | 1.34% | None | 16.06% |
| WhiteOak Capital ELSS Tax Saver Fund | 4 | 481 | −2.32% | +15.53% | -- | -- | Very High | 0.86% | None | 14.09% |
| HSBC ELSS Tax saver Fund | 5 | 3,974 | −3.32% | +15.09% | -- | -- | Very High | 1.22% | None | 16.54% |
| Quant ELSS Tax Saver Fund | 6 | 13,103 | +2.97% | +14.39% | +14.12% | +19.15% | Very High | 1.23% | None | 16.61% |
| Bank Of India Mid Cap Tax Fund Series 1 | 7 | 65 | +2.68% | +14.29% | +10.85% | -- | Very High | 1.06% | None | 17.46% |
| Baroda BNP Paribas ELSS Tax Saver Fund | 8 | 857 | −4.26% | +13.88% | -- | -- | -- | 1.27% | -- | 14.64% |
| ITI ELSS Tax Saver Fund | 9 | 445 | −7.52% | +13.67% | +11.23% | -- | Very High | 0.93% | None | 17.51% |
| SBI ELSS Tax Saver Fund | 10 | 30,027 | −8.94% | +13.23% | +13.15% | +13.59% | Very High | 1.23% | None | 13.11% |
| Edelweiss ELSS Tax saver Fund | 11 | 428 | −2.99% | +13.22% | +10.81% | +12.63% | Very High | 0.94% | None | 14.36% |
| BANK OF INDIA MID CAP TAX FUND Series 2 | 12 | 32 | −1.89% | +13.12% | +10.08% | -- | Very High | 1.11% | None | 17.41% |
| DSP ELSS Tax Saver Fund | 13 | 15,569 | −6.86% | +13.04% | +10.90% | +14.11% | Very High | 0.91% | None | 13.97% |
| HDFC ELSS - Tax Saver Fund | 14 | 14,949 | −9.55% | +12.73% | +12.97% | +12.64% | Very High | 1.20% | None | 12.37% |
| ICICI Prudential Long Term Wealth Enhancement Fund | 15 | 37 | −8.09% | +12.65% | +11.74% | -- | -- | 0.81% | -- | 13.03% |
| Bank of India ELSS Tax Saver Fund | 16 | 1,366 | −3.12% | +11.96% | +10.43% | +15.50% | Very High | 1.16% | None | 17.11% |
| Nippon India ELSS Tax Saver Fund | 17 | 14,096 | −5.26% | +11.93% | +10.64% | +10.17% | Very High | 1.13% | None | 14.36% |
| Mirae Asset ELSS Tax Saver Fund | 18 | 24,625 | −6.77% | +11.76% | +9.56% | +15.65% | Very High | 1.03% | None | 13.96% |
| Tata ELSS Tax Saver Fund | 19 | 4,427 | −3.65% | +11.67% | +10.34% | +13.42% | Very High | 0.89% | Varies | 14.48% |
| Canara Robeco ELSS - Tax Saver Fund | 20 | 8,167 | −4.70% | +11.47% | +9.00% | +14.38% | Very High | 0.73% | None | 13.48% |
| Invesco India ELSS Tax Saver Fund | 21 | 2,598 | −6.34% | +11.35% | +8.46% | +13.20% | Very High | 1.21% | None | 14.75% |
| Kotak ELSS Tax Saver Fund | 22 | 6,071 | −4.31% | +10.76% | +10.84% | +13.65% | Very High | 0.85% | None | 14.34% |
| Axis ELSS- Tax Saver Fund | 23 | 30,269 | −4.51% | +10.74% | +5.27% | +11.72% | Very High | 1.05% | None | 13.35% |
| Aditya Birla Sun Life ELSS Tax Saver Fund | 24 | 13,559 | −7.46% | +10.68% | +7.27% | +9.94% | Very High | 1.07% | None | 13.39% |
| Taurus Elss Tax Saver Fund | 25 | 71 | −6.81% | +10.39% | +9.78% | +12.24% | Very High | 2.06% | None | 13.52% |
| ICICI Prudential ELSS - Tax Saver Fund | 26 | 13,498 | −8.40% | +10.35% | +8.52% | +11.92% | Very High | 1.21% | None | 12.59% |
| Franklin India ELSS Tax Saver Fund | 27 | 5,839 | −9.53% | +10.26% | +10.08% | +12.22% | -- | 1.15% | None | 13.41% |
| Bandhan ELSS - Tax Saver Fund | 28 | 6,965 | −4.14% | +9.74% | +10.10% | +14.61% | Very High | 0.93% | None | 12.46% |
| Union ELSS Tax Saver Fund Fund | 29 | 821 | −6.57% | +9.64% | +8.90% | +12.34% | Very High | 1.71% | None | 14.09% |
| Sundaram Long Term Tax Advantage Fund Series III | 30 | 34 | −3.46% | +9.62% | +13.97% | -- | Very High | 1.01% | None | 16.42% |
| Quantum ELSS Tax Saver Fund | 31 | 196 | −9.81% | +9.61% | +8.89% | +10.14% | Very High | 0.95% | None | 12.19% |
| Sundaram Long Term Tax Advantage Fund Series IV | 32 | 22 | −4.32% | +9.50% | +13.89% | -- | Very High | 1.04% | None | 16.35% |
| PGIM India ELSS Tax Saver Fund | 33 | 680 | −5.53% | +9.28% | +9.04% | +12.91% | Very High | 1.07% | None | 13.17% |
| Groww ELSS Tax Saver Fund | 34 | 48 | −9.41% | +9.02% | +7.69% | -- | Very High | 1.52% | None | 14.34% |
| LIC MF ELSS Tax Saver Fund | 35 | 972 | −9.41% | +9.01% | +7.88% | +11.61% | Very High | 1.32% | None | 13.69% |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series Vi | 36 | 36 | −5.09% | +8.73% | +12.41% | -- | Very High | 0.98% | None | 16.74% |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series Iii | 37 | 75 | −4.41% | +8.63% | +12.54% | -- | Very High | 1.04% | None | 16.89% |
| Parag Parikh ELSS Tax Saver Fund | 38 | 5,401 | −11.32% | +8.55% | +10.30% | -- | Very High | 0.65% | None | 11.15% |
| SBI Long Term Advantage Fund - Series VI | 39 | 248 | −8.11% | +8.50% | +10.24% | -- | -- | 1.38% | -- | 15.06% |
| Sundaram Long Term Micro Cap Tax Advantage Fund Series Iv | 40 | 36 | −5.20% | +8.40% | +12.52% | -- | Very High | 1.12% | None | 16.85% |
| NJ ELSS Tax Saver Fund | 41 | -- | −7.06% | +8.23% | -- | -- | Very High | 0.77% | None | 14.09% |
| Mahindra Manulife ELSS Tax Saver Fund | 42 | 829 | −9.76% | +8.18% | +8.23% | +11.94% | Very High | 1.05% | None | 13.12% |
| Sundaram ELSS Tax Saver Fund | 43 | 1,212 | −10.84% | +7.98% | -- | -- | Very High | 1.78% | None | 13.10% |
| UTI ELSS Tax Saver Fund | 44 | 3,253 | −9.13% | +7.90% | +6.27% | +11.37% | Very High | 1.19% | Varies | 12.92% |
| UTI - Master Equity Plan Unit Scheme | 45 | 2,652 | −8.63% | +7.20% | +5.98% | +9.29% | -- | 1.36% | -- | 12.36% |
| LIC MF Unit Linked Insurance Scheme (ULIS) | 46 | 424 | −4.81% | +7.06% | +6.23% | +9.91% | Very High | 1.80% | Varies | 10.48% |
| Shriram ELSS Tax Saver Fund | 47 | 44 | −7.49% | +6.94% | +6.10% | -- | Very High | 0.95% | None | 15.39% |
| SBI Long Term Advantage Fund - Series IV | 48 | 181 | −11.16% | +6.01% | +7.77% | -- | -- | 1.23% | -- | 13.64% |
| Samco ELSS Tax Saver Fund | 49 | 104 | −5.24% | +2.93% | -- | -- | Very High | 1.98% | None | 18.03% |
| Bajaj Finserv ELSS - Tax Saver Fund | -- | 88 | −4.36% | -- | -- | -- | Very High | 1.28% | None | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks ELSS Funds Bought and Sold in September 2026
What the 5 largest ELSS funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| Reliance Industries LimitedAxis ELSS- Tax Saver, SBI ELSS Tax Saver | -- | 2 funds |
| Axis Bank LimitedAxis ELSS- Tax Saver, SBI ELSS Tax Saver | -- | 2 funds |
| InterGlobe Aviation LimitedAxis ELSS- Tax Saver, Mirae Asset ELSS Tax Saver | -- | 2 funds |
| Delhivery LimitedAxis ELSS- Tax Saver, Mirae Asset ELSS Tax Saver | -- | 2 funds |
| Navin Fluorine International LimitedAxis ELSS- Tax Saver, SBI ELSS Tax Saver | -- | 2 funds |
| Billionbrains Garage Ventures Ltd.SBI ELSS Tax Saver | 1 fund | -- |
| Karamtara Engineering Ltd.Mirae Asset ELSS Tax Saver | 1 fund | -- |
| Cummins India Ltd.HDFC ELSS - Tax Saver | 1 fund | -- |
| Gland Pharma LimitedAxis ELSS- Tax Saver | 1 fund | -- |
| Milky Mist Dairy Food Ltd.Mirae Asset ELSS Tax Saver | 1 fund | -- |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| PB Fintech Ltd.SBI ELSS Tax Saver, Mirae Asset ELSS Tax Saver | 1 fund | 1 fund |
| HDFC Bank LimitedSBI ELSS Tax Saver, Mirae Asset ELSS Tax Saver | -- | 2 funds |
| Eternal LimitedAxis ELSS- Tax Saver, DSP ELSS Tax Saver | -- | 2 funds |
| Infosys Ltd.Mirae Asset ELSS Tax Saver, HDFC ELSS - Tax Saver | -- | 2 funds |
| State Bank of IndiaSBI ELSS Tax Saver | 1 fund | -- |
| Dhoot Transmission LtdSBI ELSS Tax Saver | 1 fund | -- |
| Max Healthcare Institute LimitedAxis ELSS- Tax Saver | 1 fund | -- |
| Capillary Technologies India Ltd.Mirae Asset ELSS Tax Saver | 1 fund | -- |
| Wockhardt Ltd.Mirae Asset ELSS Tax Saver | 1 fund | -- |
| Tata Motors Ltd.Mirae Asset ELSS Tax Saver | 1 fund | -- |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: Axis ELSS- Tax Saver Fund, SBI ELSS Tax Saver Fund, Mirae Asset ELSS Tax Saver Fund, DSP ELSS Tax Saver Fund, HDFC ELSS - Tax Saver Fund.
Compare ELSS Funds
The largest funds of the category, side by side
How ELSS Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- Investing in an ELSS fund can be deducted from income under Section 80C, up to ₹1.5 lakh a year, in the old tax regime. Each investment is locked in for 3 years.
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a ELSS Fund?
At least 80% in stocks. Each investment is locked in for 3 years, and it qualifies for the Section 80C deduction in the old tax regime. This is the rule SEBI sets for every fund in the category, so their portfolios can be compared.
Other equity categories: Large Cap · Large & Mid Cap · Mid Cap · Small Cap · Multi Cap · Flexi Cap · Focused · Value and Contra · Dividend Yield
ELSS Funds: Frequently Asked Questions
Which are the top ELSS mutual funds?
By 3 year return, the top ELSS funds are 1. Motilal Oswal ELSS Tax Saver Fund (19.5% a year), 2. SBI Long Term Advantage Fund - Series V (18.9% a year), 3. JM ELSS - Tax Saver Fund (15.6% a year), 4. WhiteOak Capital ELSS Tax Saver Fund (15.5% a year), 5. HSBC ELSS Tax saver Fund (15.1% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many ELSS funds are there?
50 ELSS funds are open for investment, from 37 fund houses.
What is a ELSS fund?
At least 80% in stocks. Each investment is locked in for 3 years, and it qualifies for the Section 80C deduction in the old tax regime.
What is the average return of ELSS funds?
1 year: -5.8%, 3 years: 10.9% a year, 5 years: 10.1% a year. The simple average of every ELSS fund's Direct plan.
Which ELSS fund has the lowest expense ratio?
Parag Parikh ELSS Tax Saver Fund, at 0.65% a year (Direct plan), as reported to AMFI.
Which is the largest ELSS fund?
Axis ELSS- Tax Saver Fund, with ₹30,269 Cr of investors' money on 30-09-2026.
How are ELSS funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.