ELSS tax saving funds: returns ranked
ELSS funds are equity funds with a three-year lock-in that qualify for the Section 80C deduction under the old tax regime. 30 funds are ranked here by three-year return, with what a monthly SIP earned and the risk each carried, on net asset values to 11 Nov 2026.
The category at a glance
Average, 1 year
+2.1%
across 30 funds
Average, 3 years
+12.9%
a year, compounded
Average, 5 years
+10.8%
a year, compounded
Highest 3-year return
+19.2%
Motilal Oswal ELSS Tax Saver Fund
Lowest volatility
11.2%
Parag Parikh ELSS Tax Saver Fund
Every fund in the category
On a phone, swipe the table sideways for every column. Returns for three and five years are yearly, compounded. SIP is the yearly return on a monthly instalment over three years. Volatility is the yearly swing in the fund’s value; deepest fall is its largest drop from a peak.
| # | Fund | 1 year | 3 years | 5 years | SIP, 3 years | Volatility | Deepest fall | Sharpe |
|---|---|---|---|---|---|---|---|---|
| 1 | Motilal Oswal ELSS Tax Saver FundMotilal Oswal Mutual Fund | +7.5% | +19.2% | +15.6% | +10.4% | 19.4% | -27.7% | 0.66 |
| 2 | JM ELSS - Tax Saver Fund OptionJM Financial Mutual Fund | +5.7% | +16.3% | +12.5% | +9.3% | 16.1% | -20.9% | 0.61 |
| 3 | Quant ELSS Tax Saver Fund Optionquant Mutual Fund | +13.0% | +15.6% | +14.6% | +10.9% | 16.7% | -25.8% | 0.54 |
| 4 | DSP ELSS Tax Saver FundDSP Mutual Fund | +2.0% | +15.5% | +12.5% | +7.7% | 14.1% | -16.2% | 0.64 |
| 5 | Edelweiss ELSS Tax Saver FundEdelweiss Mutual Fund | +4.8% | +15.0% | +12.0% | +9.4% | 14.5% | -18.5% | 0.59 |
| 6 | SBI ELSS Tax Saver FundSBI Mutual Fund | -1.1% | +14.8% | +13.9% | +4.7% | 13.2% | -15.8% | 0.63 |
| 7 | HDFC ELSS - Tax Saver Fund OptionHDFC Mutual Fund | -1.0% | +14.6% | +14.3% | +6.7% | 12.5% | -14.8% | 0.65 |
| 8 | ITI ELSS Tax Saver Fund OptionITI Mutual Fund | +0.1% | +14.1% | +11.8% | +5.9% | 17.6% | -22.6% | 0.43 |
| 9 | Nippon India ELSS Tax Saver Fund OptionNippon India Mutual Fund | +3.4% | +14.0% | +11.9% | +7.7% | 14.5% | -20.1% | 0.52 |
| 10 | Tata ELSS - Tax Saver Fund OptionTata Mutual Fund | +4.6% | +13.8% | +11.6% | +8.3% | 14.6% | -18.5% | 0.50 |
| 11 | Mirae Asset ELSS Tax Saver FundMirae Asset Mutual Fund | +1.5% | +13.7% | +10.4% | +7.5% | 14.1% | -17.1% | 0.51 |
| 12 | Canara Robeco ELSS - Tax Saver Fund - GROWTH OPTIONCanara Robeco Mutual Fund | +4.1% | +13.4% | +10.4% | +8.3% | 13.6% | -18.2% | 0.51 |
| 13 | Kotak ELSS Tax Saver FundKotak Mahindra Mutual Fund | +5.3% | +13.2% | +12.0% | +7.5% | 14.5% | -19.6% | 0.46 |
| 14 | BANK OF INDIA ELSS TAX SAVER FUNDBank of India Mutual Fund | +5.0% | +13.1% | +11.3% | +5.8% | 17.3% | -23.9% | 0.38 |
| 15 | Invesco India ELSS Tax Saver FundInvesco Mutual Fund | +3.0% | +13.0% | +9.6% | +7.1% | 14.8% | -20.5% | 0.44 |
| 16 | ICICI Prudential ELSS - Tax Saver FundICICI Prudential Mutual Fund | +1.1% | +12.8% | +10.0% | +7.2% | 12.7% | -17.6% | 0.50 |
| 17 | Taurus ELSS Tax Saver FundTaurus Mutual Fund | +3.0% | +12.7% | +11.3% | +6.8% | 13.6% | -16.7% | 0.45 |
| 18 | Aditya Birla Sun Life ELSS Tax Saver Fund - GROWTHAditya Birla Sun Life Mutual Fund | +1.7% | +12.7% | +8.2% | +6.9% | 13.5% | -18.3% | 0.46 |
| 19 | Axis ELSS- Tax Saver Fund OptionAxis Mutual Fund | +4.1% | +12.4% | +6.4% | +7.7% | 13.4% | -16.5% | 0.44 |
| 20 | Franklin India ELSS Tax Saver FundFranklin Templeton Mutual Fund | -1.0% | +12.2% | +11.3% | +5.0% | 13.5% | -16.7% | 0.42 |
| 21 | BANDHAN ELSS - Tax Saver FundBandhan Mutual Fund | +4.2% | +11.9% | +11.3% | +7.3% | 12.6% | -17.7% | 0.43 |
| 22 | Quantum ELSS Tax Saver Fund OptionQuantum Mutual Fund | -2.1% | +11.8% | +10.1% | +3.7% | 12.3% | -15.7% | 0.43 |
| 23 | Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund OptionUnion Mutual Fund | +1.2% | +11.2% | +9.7% | +6.0% | 14.2% | -18.3% | 0.33 |
| 24 | PGIM India ELSS Tax Saver Fund - Direct GrowthPGIM India Mutual Fund | +3.3% | +11.1% | +10.0% | +7.3% | 13.3% | -16.5% | 0.35 |
| 25 | Groww ELSS Tax Saver FundGroww Mutual Fund | -1.0% | +10.6% | +8.5% | +3.8% | 14.4% | -20.8% | 0.28 |
| 26 | LIC MF ELSS Tax Saver FundLIC Mutual Fund | -1.3% | +10.6% | +8.9% | +4.3% | 13.8% | -17.4% | 0.30 |
| 27 | Mahindra Manulife ELSS Tax Saver FundMahindra Manulife Mutual Fund | -1.6% | +10.3% | +9.4% | +4.3% | 13.3% | -16.4% | 0.29 |
| 28 | Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund | -5.1% | +9.8% | +10.8% | +2.4% | 11.2% | -14.7% | 0.29 |
| 29 | UTI ELSS Tax Saver FundUTI Mutual Fund | -1.4% | +9.4% | +6.9% | +3.5% | 13.0% | -18.6% | 0.22 |
| 30 | Shriram ELSS Tax Saver FundShriram Mutual Fund | -0.1% | +8.0% | +6.8% | +1.9% | 15.5% | -23.5% | 0.10 |
Direct plans, growth option. Past returns describe what happened; they do not say what a fund will do next.
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