Best Tax Saver Fund 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 23 direct-plan Tax Saver Fund schemes from 21 fund houses with a median 5-year CAGR of 8.9%. 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 23 of 23 schemes · sorted by Y5 low to high · page 1 of 1
- Axis ELSS- Tax Saver Fund - Direct Plan - Growth OptionAxis · Equity₹105.09#11Y-4.43%3Y+8.82%5Y+4.27%10Y+11.72%
- Groww ELSS Tax Saver Fund - Direct Plan - GrowthGroww · Equity₹20.65#21Y-9.86%3Y+7.31%5Y+7.09%10Y—
- Groww ELSS Tax Saver Fund - Direct Plan - Income Distribution cum capital withdrawalGroww · Equity₹20.62#31Y-9.88%3Y+7.30%5Y+7.10%10Y—
- LIC MF ELSS Tax Saver Fund - Direct Plan - GrowthLIC · Equity₹163.40#41Y-6.50%3Y+8.29%5Y+7.56%10Y+11.78%
- Mahindra Manulife ELSS Tax Saver Fund - Direct Plan - GrowthMahindra Manulife · Equity₹30.68#51Y-9.01%3Y+6.38%5Y+7.77%10Y+11.83%
- ICICI Prudential ELSS - Tax Saver Fund - Direct Plan - GrowthICICI Prudential · Equity₹982.50#61Y-6.96%3Y+9.15%5Y+8.22%10Y+12.07%
- Invesco India ELSS Tax Saver Fund - Direct Plan - GrowthInvesco · Equity₹145.51#71Y-3.53%3Y+10.90%5Y+8.56%10Y+13.47%
- Canara Robeco ELSS - Tax Saver Fund - Direct Plan - GROWTH OPTIONCanara Robeco · Equity₹191.09#81Y-3.71%3Y+10.00%5Y+8.65%10Y+14.32%
- BANK OF INDIA ELSS TAX SAVER FUND - GrowthBank of India · Equity₹171.87#91Y+0.06%3Y+10.12%5Y+8.85%10Y+14.88%
- Mirae Asset ELSS Tax Saver Fund - Direct Plan - GrowthMirae Asset · Equity₹53.69#101Y-4.76%3Y+10.16%5Y+8.96%10Y+15.83%
- BANDHAN ELSS - Tax Saver Fund - Direct Plan - GrowthBandhan · Equity₹171.65#111Y-2.73%3Y+8.37%5Y+9.64%10Y+14.64%
- BANK OF INDIA ELSS TAX SAVER FUND - Direct Plan - GrowthBank of India · Equity₹187.05#121Y+0.92%3Y+11.08%5Y+9.79%10Y+15.67%
- DSP ELSS Tax Saver Fund - Direct Plan - GrowthDSP · Equity₹145.81#131Y-6.14%3Y+11.29%5Y+10.28%10Y+14.06%
- Nippon India ELSS Tax Saver Fund - Direct Plan - Growth OptionNippon India · Equity₹138.04#141Y-2.68%3Y+10.65%5Y+10.33%10Y+10.29%
- Edelweiss ELSS Tax Saver Fund - Direct Plan - GrowthEdelweiss · Equity₹131.66#151Y-0.55%3Y+12.03%5Y+10.40%10Y+12.75%
- Tata ELSS - Tax Saver Fund - Direct Plan - Growth OptionTata · Equity₹51.42#161Y+0.32%3Y+10.89%5Y+10.55%10Y+13.60%
- HDFC ELSS - Tax Saver Fund - Direct Plan - Growth OptionHDFC · Equity₹1,405.46#171Y-9.93%3Y+11.11%5Y+12.19%10Y+12.62%
- JM ELSS - Tax Saver Fund - Direct Plan - Growth OptionJM Financial · Equity₹58.64#181Y+3.21%3Y+14.86%5Y+12.44%10Y+15.58%
- WhiteOak Capital ELSS Tax Saver Fund - Direct Plan - Growth OptionWhiteOak Capital · Equity₹18.47#191Y+0.12%3Y+14.60%5Y—10Y—
- Samco ELSS Tax Saver Fund - Direct Plan - GrowthSamco · Equity₹13.83#201Y+1.54%3Y+3.90%5Y—10Y—
- HSBC ELSS Tax saver Fund - Direct Plan - GrowthHSBC · Equity₹149.83#211Y+0.62%3Y+14.68%5Y—10Y—
- NJ ELSS Tax Saver Fund - Direct Plan - Growth OptionNJ · Equity₹14.15#221Y-4.78%3Y+8.14%5Y—10Y—
- Bajaj Finserv ELSS - Tax Saver Fund - Direct Plan - GrowthBajaj Finserv · Equity₹11.38#231Y+0.33%3Y—5Y—10Y—
Tax Saver Fund funds — frequently asked questions
Which Tax Saver Fund fund has the highest 5-year CAGR?
JM ELSS - Tax Saver Fund - Direct Plan - Growth Option currently leads the Tax Saver Fund category with a 5-year CAGR of 12.4%. 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 Tax Saver Fund fund?
Across the 23 Tax Saver Fund schemes we track, the median 5-year CAGR is 8.9%. 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.