Best ELSS Mutual Funds
ELSS (Equity Linked Savings Scheme) funds qualify for a deduction of up to ₹1.5 lakh under Section 80C of the old tax regime and carry a three-year lock-in — the shortest of any 80C option. They invest at least 80% in equity.
We currently track 50 direct-plan ELSS schemes from 18 fund houses with a median 5-year CAGR of 11.8%. Every figure below is calculated from official daily NAV history and refreshed each day. Use the column headers to re-rank the table by any period — the best 1-year performer is often not the best over 5 or 10 years, which is exactly why we default to the longer horizon.
Showing 50 of 50 schemes · sorted by Y5 low to high · page 1 of 1
- Shriram ELSS Tax Saver Fund - Direct Plan - GrowthShriram · Equity₹22.30#11Y-6.04%3Y+5.73%5Y+5.49%10Y—
- UTI ELSS Tax Saver Fund - Direct Plan - GrowthUTI · Equity₹213.11#21Y-8.00%3Y+6.50%5Y+5.81%10Y+11.40%
- Aditya Birla Sun Life ELSS Tax Saver Fund - Direct Plan - GROWTHAditya Birla Sun Life · Equity₹64.77#31Y-5.71%3Y+9.03%5Y+6.71%10Y+9.99%
- SBI Long Term Advantage Fund - Series IV - Direct Plan - GrowthSBI · Equity₹46.09#41Y-7.69%3Y+6.15%5Y+7.72%10Y—
- Quantum ELSS Tax Saver Fund - Direct Plan - Growth OptionQuantum · Equity₹118.02#51Y-10.21%3Y+8.25%5Y+8.40%10Y+10.15%
- PGIM India ELSS Tax Saver Fund - Direct Plan - Direct GrowthPGIM India · Equity₹38.52#61Y-3.92%3Y+7.95%5Y+8.68%10Y+12.86%
- Union ELSS Tax Saver Fund (Formerly Union Tax Saver (ELSS) Fund - Direct Plan - Growth OptionUnion · Equity₹68.79#71Y-4.25%3Y+8.94%5Y+8.81%10Y+12.45%
- Parag Parikh ELSS Tax Saver Fund - Direct Plan - GrowthPPFAS · Equity₹30.42#81Y-11.75%3Y+7.45%5Y+9.13%10Y—
- Taurus ELSS Tax Saver Fund - Direct Plan - GrowthTaurus · Equity₹194.36#91Y-4.43%3Y+9.46%5Y+9.33%10Y+12.43%
- Taurus ELSS Tax Saver Fund - Direct Plan - Income Distribution cum Capital WithdrawalTaurus · Equity₹89.58#101Y-4.42%3Y+9.47%5Y+9.34%10Y+12.43%
- BANK OF INDIA MID CAP TAX FUND Series 2 - Direct Plan - GrowthBank of India · Equity₹35.25#111Y+3.10%3Y+12.85%5Y+9.40%10Y—
- Franklin India ELSS Tax Saver Fund - Direct Plan - GrowthFranklin Templeton · Equity₹1,505.01#121Y-8.84%3Y+8.50%5Y+9.51%10Y+12.04%
- BANK OF INDIA MID CAP TAX FUND SERIES 1 - Direct Plan - GrowthBank of India · Equity₹30.66#131Y+8.03%3Y+14.29%5Y+10.42%10Y—
- Kotak ELSS Tax Saver Fund - Direct Plan - GrowthKotak Mahindra · Equity₹132.21#141Y-3.22%3Y+9.31%5Y+10.45%10Y+13.83%
- ICICI Prudential Long Term Wealth Enhancement FundICICI Prudential · Equity₹27.41#151Y-8.33%3Y+10.78%5Y+10.86%10Y—
- ICICI Prudential Long Term Wealth Enhancement FundICICI Prudential · Equity₹27.41#161Y-8.33%3Y+10.78%5Y+10.86%10Y—
- ITI ELSS Tax Saver Fund - Direct Plan - Growth OptionITI · Equity₹27.61#171Y+0.41%3Y+14.56%5Y+11.11%10Y—
- SBI Long Term Advantage Fund - Series VI - Direct Plan - GrowthSBI · Equity₹31.12#181Y-1.87%3Y+8.70%5Y+11.12%10Y—
- ICICI Prudential Long Term Wealth Enhancement FundICICI Prudential · Equity₹28.71#191Y-8.04%3Y+11.16%5Y+11.26%10Y—
- ICICI Prudential Long Term Wealth Enhancement FundICICI Prudential · Equity₹28.72#201Y-8.01%3Y+11.18%5Y+11.27%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE SERIES VSundaram · Equity₹27.77#211Y+3.54%3Y+8.06%5Y+11.44%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IIISundaram · Equity₹29.99#221Y+2.71%3Y+7.33%5Y+11.60%10Y+11.60%
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE SERIES VSundaram · Equity₹28.67#231Y+3.78%3Y+8.35%5Y+11.71%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IVSundaram · Equity₹28.35#241Y+2.62%3Y+7.43%5Y+11.79%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IIISundaram · Equity₹31.03#251Y+2.93%3Y+7.59%5Y+11.83%10Y+11.98%
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IVSundaram · Equity₹29.06#261Y+2.74%3Y+7.59%5Y+11.94%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES VISundaram · Equity₹26.60#271Y+2.64%3Y+8.13%5Y+11.97%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES VISundaram · Equity₹28.02#281Y+2.90%3Y+8.46%5Y+12.27%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE SERIES VSundaram · Equity₹29.20#291Y+3.54%3Y+9.90%5Y+12.56%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IIISundaram · Equity₹34.28#301Y+2.71%3Y+9.16%5Y+12.73%10Y+13.10%
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES VISundaram · Equity₹27.53#311Y+2.64%3Y+9.37%5Y+12.73%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE SERIES VSundaram · Equity₹30.12#321Y+3.78%3Y+10.14%5Y+12.81%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IVSundaram · Equity₹29.82#331Y+2.62%3Y+9.25%5Y+12.92%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IIISundaram · Equity₹35.39#341Y+2.93%3Y+9.37%5Y+12.94%10Y+13.46%
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES VISundaram · Equity₹28.95#351Y+2.90%3Y+9.64%5Y+13.01%10Y—
- SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IVSundaram · Equity₹30.54#361Y+2.74%3Y+9.38%5Y+13.05%10Y—
- SBI ELSS Tax Saver Fund - Direct Plan - GrowthSBI · Equity₹440.31#371Y-7.09%3Y+11.93%5Y+13.07%10Y+13.52%
- Sundaram Long Term Tax Advantage Fund Series IIISundaram · Equity₹28.56#381Y+4.77%3Y+8.49%5Y+13.48%10Y—
- Sundaram Long Term Tax Advantage Fund Series IVSundaram · Equity₹32.03#391Y+4.27%3Y+8.62%5Y+13.54%10Y—
- Quant ELSS Tax Saver Fund - Direct Plan - Growth OptionQuant · Equity₹445.19#401Y+6.98%3Y+13.59%5Y+13.57%10Y+19.53%
- Sundaram Long Term Tax Advantage Fund Series IIISundaram · Equity₹29.60#411Y+5.02%3Y+8.79%5Y+13.77%10Y—
- Sundaram Long Term Tax Advantage Fund Series IVSundaram · Equity₹32.78#421Y+4.47%3Y+8.87%5Y+13.80%10Y—
- SBI Long Term Advantage Fund - Series V - Direct Plan - GrowthSBI · Equity₹32.80#431Y-0.41%3Y+19.33%5Y+13.97%10Y—
- Sundaram Long Term Tax Advantage Fund Series IIISundaram · Equity₹30.04#441Y+4.77%3Y+10.34%5Y+14.63%10Y—
- Sundaram Long Term Tax Advantage Fund Series IVSundaram · Equity₹34.90#451Y+4.27%3Y+10.47%5Y+14.70%10Y—
- Sundaram Long Term Tax Advantage Fund Series IIISundaram · Equity₹31.10#461Y+5.02%3Y+10.59%5Y+14.89%10Y—
- Sundaram Long Term Tax Advantage Fund Series IVSundaram · Equity₹35.68#471Y+4.47%3Y+10.69%5Y+14.93%10Y—
- Motilal Oswal ELSS Tax Saver Fund - Direct Plan - GrowthMotilal Oswal · Equity₹65.15#481Y+8.06%3Y+20.56%5Y+16.82%10Y+16.84%
- Sundaram ELSS Tax Saver Fund - Direct Plan - GROWTHSundaram · Equity₹500.20#491Y-9.04%3Y+6.65%5Y—10Y—
- Baroda BNP Paribas ELSS Tax Saver Fund - Direct Plan - Growth OptionBaroda BNP Paribas · Equity₹107.76#501Y-0.53%3Y+13.22%5Y—10Y—
ELSS funds — frequently asked questions
Which ELSS fund has the highest 5-year CAGR?
Motilal Oswal ELSS Tax Saver Fund - Direct Plan - Growth currently leads the ELSS category with a 5-year CAGR of 16.8%. Past returns describe what already happened and do not predict future performance — treat the ranking as a starting point for research, not a recommendation.
What is a good 5-year return for a ELSS fund?
Across the 50 ELSS schemes we track, the median 5-year CAGR is 11.8%. Comparing a fund against that median, rather than against the category's single best performer, is a more realistic benchmark.
How is CAGR calculated on this page?
CAGR is the compound annual growth rate between the NAV on the horizon start date and the latest NAV, using growth-plan NAVs published by the AMCs. Where a scheme's NAV history has a gap or a re-denomination, we adjust for it rather than report a distorted figure. Expense ratios are already reflected in NAV; exit loads and taxes are not.
Why does this list only show direct plans?
Direct plans have no distributor commission, so their expense ratio is lower and their NAV growth is higher than the regular plan of the same scheme. Showing both would list every fund twice, so we rank direct plans only.