FundLens

Best ELSS (Tax Saver) Funds

Section 80C tax deduction with a 3-year lock-in — equity that saves tax.

Data updated · 38 direct-growth funds ranked by a transparent 0–100 Smart Score

38
Funds
2
Strong Buys
Very High
Risk
38 funds
⚖Want to compare funds? Tick the checkbox in the first column — pick up to 5 and they'll go head-to-head in one view.
⚖ VSFund Score ↓Verdict1Y 3Y 5Y Sharpe Sortino Std Dev Alpha Beta VR★ P/E Expense AUM Age
Motilal Oswal ELSS Tax Saver
Motilal Oswal
83
Strong Buy8.7%21.8%17.3%0.851.1021.78.91.155★42.20.96%₹5.1k Cr11.7y
WhiteOak Capital ELSS Tax Saver
WhiteOak
78
Strong Buy1.9%15.8%—0.840.8914.94.90.925★26.10.86%₹507 Cr3.9y
HSBC ELSS Tax Saver
HSBC
74
Buy3.4%15.8%12.8%0.770.7716.44.41.014★28.71.20%₹4.2k Cr13.7y
ITI ELSS Tax Saver
ITI
73
Buy3.3%16.7%13.1%0.690.8020.03.61.224★23.20.90%₹463 Cr6.9y
Quant ELSS Tax Saver Gr
Quant
72
Buy12.4%14.8%15.6%0.640.6818.22.81.095★29.91.21%₹13.6k Cr13.7y
SBI ELSS Tax Saver
SBI
71
Buy-4.5%13.1%14.6%0.690.6815.32.70.954★24.01.26%₹31.7k Cr13.7y
HDFC ELSS Tax Saver
HDFC
71
Buy-6.6%12.0%13.8%0.710.6213.52.70.844★22.91.19%₹16.0k Cr13.7y
JM ELSS Tax Saver
JM
70
Buy7.2%16.4%14.4%0.730.8316.93.81.035★30.01.34%₹250 Cr13.7y
Edelweiss ELSS Tax Saver
Edelweiss
69
Buy3.8%13.1%11.9%0.690.6215.32.50.974★25.20.92%₹462 Cr13.7y
Tata ELSS
Tata
69
Buy5.3%12.5%12.3%0.610.5615.51.40.984★—0.89%₹4.7k Cr11.9y
Baroda BNP Paribas ELSS Tax SaverDir Gr
Baroda BNP Paribas
68
Buy3.8%14.9%11.8%0.79—15.34.20.95—30.11.31%₹930 Cr13.7y
DSP ELSS Tax Saver
DSP
65
Buy-2.7%12.4%11.6%0.640.5715.51.90.974★19.50.93%₹16.7k Cr13.7y
Mirae Asset ELSS Tax Saver
Mirae Asset
61
Hold0.1%11.6%10.8%0.370.5014.00.60.964★22.81.02%₹26.4k Cr10.8y
Nippon India ELSS Tax Saver
Nippon India
60
Hold-1.0%11.6%11.6%0.350.4714.50.40.993★20.21.11%₹14.7k Cr13.7y
Kotak ELSS Tax Saver Gr Dir
Kotak
59
Hold-0.3%10.7%11.7%0.290.3914.4-0.40.984★24.90.80%₹6.4k Cr13.7y
Canara Robeco ELSS Tax Saver
Canara Robeco
57
Hold-1.0%10.9%9.8%0.320.4413.5-0.00.934★26.10.70%₹8.7k Cr13.7y
Bank Of India ELSS Tax Saver
Bank of India
55
Hold2.4%12.0%11.1%0.560.4117.71.21.054★23.61.06%₹1.4k Cr13.7y
Invesco India ELSS Tax Saver
Invesco
53
Hold-1.1%12.4%10.2%0.580.5516.51.21.024★35.71.18%₹2.8k Cr13.7y
ICICI Pru ELSS Tax Saver
ICICI Pru
50
Hold-3.9%10.4%9.8%0.310.4312.6-0.10.853★24.61.21%₹14.3k Cr13.7y
Bajaj Finserv ELSS Tax Saver
Bajaj Finserv
50
Hold2.4%——0.270.3913.03.80.87—27.71.30%₹92 Cr1.6y
FranklIn India ELSS Tax Saver
Franklin
49
Hold-5.5%10.1%11.6%0.270.3713.5-0.70.923★23.71.17%₹6.2k Cr13.7y
Axis ELSS Tax Saver
Axis
47
Hold-1.4%10.4%5.6%0.300.4113.3-0.90.892★29.91.05%₹32.6k Cr13.7y
Bandhan ELSS Tax Saver
Bandhan
47
Hold-1.3%8.8%11.4%0.190.2612.5-2.10.864★22.30.96%₹7.0k Cr13.7y
ABSL ELSS Tax Saver Gr Dir
Aditya Birla Sun Life
45
Hold-1.9%10.4%8.0%0.290.4013.4-0.50.923★25.21.08%₹14.5k Cr13.7y
Parag Parikh ELSS Tax Saver
Parag Parikh
43
Avoid-10.7%8.3%10.8%0.160.2311.2-1.60.724★17.50.65%₹5.6k Cr7.2y
NJ ELSS Tax Saver Scheme
NJ
42
Avoid-3.9%9.2%——————3★25.20.81%₹349 Cr3.3y
Union ELSS Tax Saver
Union
37
Avoid-2.0%10.1%10.2%0.250.3414.1-1.00.973★31.71.73%₹872 Cr13.7y
PGIM India ELSS Tax Saver
PGIM India
36
Avoid-1.7%8.9%10.1%0.180.2513.2-1.80.903★27.81.15%₹722 Cr10.8y
Quantum ELSS Tax Saver
Quantum
35
Avoid-8.0%8.8%9.5%0.190.2612.3-1.50.823★19.80.95%₹210 Cr17.7y
Taurus ELSS Tax Saver
Taurus
34
Avoid-3.1%9.8%10.5%0.240.3313.7-1.00.893★25.22.05%₹72 Cr13.7y
LIC MF ELSS Tax Saver
LIC
33
Avoid-4.9%9.5%9.3%0.220.3013.7-1.30.923★28.31.28%₹1.0k Cr13.7y
UTI ELSS Tax Saver
UTI
27
Avoid-5.3%7.6%7.2%0.090.1213.0-3.00.882★23.61.02%₹3.5k Cr13.7y
Mahindra Manulife ELSS Tax Saver
Mahindra Manulife
25
Avoid-6.5%7.5%9.2%0.080.1013.2-3.30.913★23.71.10%₹895 Cr9.9y
Sundaram ELSS Tax Saver
Sundaram
24
Avoid-6.5%7.7%9.0%0.090.1313.1-3.00.90—25.21.76%₹1.3k Cr13.7y
Groww ELSS Tax Saver
Groww
21
Avoid-6.9%8.9%8.4%0.170.2314.4-2.20.972★25.21.38%₹52 Cr8.8y
Sundaram Value
Sundaram
17
Avoid-7.3%6.0%7.5%-0.04-0.0512.9-4.70.882★—1.76%₹1.3k Cr13.7y
Shriram ELSS Tax Saver
Shriram
15
Avoid-2.6%7.2%6.9%0.040.0615.6-4.21.021★25.20.93%₹48 Cr7.7y
Samco ELSS Tax Saver
Samco
8
Avoid0.2%5.1%—-0.08-0.1017.8-6.41.071★53.91.94%₹109 Cr3.7y
Reading the ratios: ↑ higher is better — Returns, Sharpe, Sortino, Alpha · ↓ lower is better — Std Dev, P/E, Expense · Beta ≈1 moves with the market (<1 swings less). Hover any column header for details.

ELSS (Tax Saver) funds — quick answers

›Which is the best ELSS (Tax Saver) mutual fund right now?

Motilal Oswal ELSS Tax Saver currently ranks #1 of 38 ELSS (Tax Saver) funds with a FundLens Smart Score of 83/100 (Strong Buy). It returned 21.8% over 3 years and 17.3% over 5 years at a 0.96% expense ratio (direct plan). Rankings are recomputed from data updated 20 Sept 2026.

›Which ELSS (Tax Saver) fund has the best risk-adjusted returns?

Motilal Oswal ELSS Tax Saver leads the category on the Sortino ratio at 1.10 (Sharpe 0.85) — meaning it has delivered the most return per unit of downside risk among ELSS (Tax Saver) funds.

›Which ELSS (Tax Saver) fund has the lowest expense ratio?

Parag Parikh ELSS Tax Saver charges 0.65% a year (direct plan) — the lowest in the category. Lower fees compound in your favour over long holding periods.

›Which is the smallest ELSS (Tax Saver) fund by AUM?

Shriram ELSS Tax Saver manages ₹48 Cr, the smallest in the category. Smaller funds can be nimbler, but check track record and costs before treating size alone as an edge.

›How long should I stay invested in a ELSS (Tax Saver) fund?

ELSS (Tax Saver) funds carry very high risk, so a horizon of 7+ years is generally sensible. Section 80C tax deduction with a 3-year lock-in — equity that saves tax. This is research, not investment advice.

Visitors also asked

Which ELSS (tax-saver) fund is best right now?How do you judge an ELSS tax saver fund's performance?

Want these answers conversationally? Ask FundLens · New to the ratios? Sharpe vs Sortino, explained