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Top ELSS Mutual Funds - Best Funds, Benefits & Risks

During tax-saving season, many investors seek options that reduce taxes and help grow wealth. Equity Linked Savings Schemes (ELSS) offer tax deductions under Section 80C and potential long-term capital appreciation, making them a popular choice. Learn about their features, factors to consider, and top ELSS funds.

Top ELSS Mutual Funds in 2025

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Top ELSS Mutual Funds in India (2025)

Here's the list of top ELSS mutual funds in India (2025).

Created by

@82600328260032

Showing 1 - 20 of 56 results

last updated at 11:00 PM IST 
NameMFs (56)↓↓Sub CategorySub Category↓↓PlanPlan↓↓AUMAUM↓↓NAVNAV↓↓Absolute Returns - 3MAbsolute Ret. - 3M↓↓Absolute Returns - 1YAbsolute Ret. - 1Y↓↓CAGR 3YCAGR 3Y↓↓Expense RatioExpense Ratio↓↓Exit LoadExit Load↓↓VolatilityVolatility↓
1.Axis ELSS Tax Saver Fund
Axis ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
34,301.98
34,301.98
110.44
110.44
2.45
2.45
4.26
4.26
14.09
14.09
0.82
0.82
-
-
13.04
13.04
2.SBI ELSS Tax Saver Fund
SBI ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
30,419.61
30,419.61
479.02
479.02
3.11
3.11
2.69
2.69
23.46
23.46
0.95
0.95
-
-
12.20
12.20
3.Mirae Asset ELSS Tax Saver Fund
Mirae Asset ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
25,910.64
25,910.64
57.13
57.13
5.05
5.05
7.35
7.35
18.11
18.11
0.57
0.57
-
-
13.60
13.60
4.DSP ELSS Tax Saver Fund
DSP ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
16,749.39
16,749.39
157.21
157.21
4.03
4.03
3.46
3.46
20.04
20.04
0.69
0.69
-
-
12.96
12.96
5.HDFC ELSS Tax saver
HDFC ELSS Tax saver
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
16,644.54
16,644.54
1,558.92
1,558.92
3.68
3.68
7.50
7.50
21.37
21.37
1.08
1.08
-
-
11.52
11.52
6.Aditya Birla SL ELSS Tax Saver Fund
Aditya Birla SL ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
15,174.87
15,174.87
69.13
69.13
3.72
3.72
6.44
6.44
15.14
15.14
0.97
0.97
-
-
13.13
13.13
7.Nippon India ELSS Tax Saver Fund
Nippon India ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
15,059.64
15,059.64
143.73
143.73
3.09
3.09
3.81
3.81
17.91
17.91
1.03
1.03
-
-
13.92
13.92
8.ICICI Pru ELSS Tax Saver Fund
ICICI Pru ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
14,425.23
14,425.23
1,058.43
1,058.43
4.09
4.09
6.10
6.10
16.30
16.30
1.09
1.09
-
-
12.29
12.29
9.Quant ELSS Tax Saver Fund
Quant ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
12,444.11
12,444.11
420.39
420.39
5.98
5.98
-0.69
-0.69
15.22
15.22
0.57
0.57
-
-
16.54
16.54
10.Canara Rob ELSS Tax Saver
Canara Rob ELSS Tax Saver
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
8,799.03
8,799.03
199.86
199.86
3.46
3.46
3.61
3.61
15.54
15.54
0.56
0.56
-
-
12.95
12.95
11.Bandhan ELSS Tax Saver Fund
Bandhan ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
6,947.79
6,947.79
178.32
178.32
4.29
4.29
3.83
3.83
15.93
15.93
0.65
0.65
-
-
12.09
12.09
12.Franklin India ELSS Tax Saver Fund
Franklin India ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
6,531.42
6,531.42
1,665.32
1,665.32
2.82
2.82
2.78
2.78
18.51
18.51
1.02
1.02
-
-
12.99
12.99
13.Kotak ELSS Tax Saver Fund
Kotak ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
6,278.37
6,278.37
136.57
136.57
2.73
2.73
1.00
1.00
16.07
16.07
0.62
0.62
-
-
13.40
13.40
14.Parag Parikh ELSS Tax Saver Fund
Parag Parikh ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
5,638.79
5,638.79
34.16
34.16
1.43
1.43
5.54
5.54
17.19
17.19
0.62
0.62
-
-
11.30
11.30
15.Tata ELSS Fund
Tata ELSS Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
4,549.84
4,549.84
51.92
51.92
4.16
4.16
2.32
2.32
15.96
15.96
0.72
0.72
-
-
14.02
14.02
16.Motilal Oswal ELSS Tax Saver Fund
Motilal Oswal ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
4,376.90
4,376.90
59.45
59.45
1.27
1.27
-1.36
-1.36
24.85
24.85
0.63
0.63
-
-
21.71
21.71
17.HSBC ELSS Tax saver Fund
HSBC ELSS Tax saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
4,087.98
4,087.98
148.70
148.70
2.88
2.88
2.75
2.75
19.60
19.60
1.16
1.16
-
-
16.85
16.85
18.UTI ELSS Tax Saver Fund
UTI ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
3,778.10
3,778.10
232.98
232.98
3.37
3.37
2.18
2.18
13.58
13.58
0.91
0.91
-
-
12.86
12.86
19.Invesco India ELSS Tax Saver Fund
Invesco India ELSS Tax Saver Fund
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
2,792.84
2,792.84
149.35
149.35
2.77
2.77
0.04
0.04
17.88
17.88
0.78
0.78
-
-
15.01
15.01
20.Bank of India ELSS Tax Saver
Bank of India ELSS Tax Saver
Equity Linked Savings Scheme (ELSS)
Equity Linked Savings Scheme (ELSS)
Growth
Growth
1,374.63
1,374.63
188.34
188.34
3.68
3.68
-4.04
-4.04
17.24
17.24
0.67
0.67
-
-
17.67
17.67
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Analyse ELSS Mutual Funds Further

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Mutual Fund Screener and is subject to real-time updates.

Selection criteria: Category: Equity | Sub-category: Equity Linked Savings Scheme (ELSS) | AUM: Sorted from Highest to Lowest

What are ELSS Mutual Funds?

ELSS Mutual Funds (Equity Linked Savings Schemes) are mutual funds that primarily invest in equity and equity-related securities. They allow investors to save tax under Section 80C of the Income Tax Act, up to ₹1.5 lakh per financial year. These funds come with a 3-year lock-in period, which is the shortest among tax-saving options. The returns depend on market performance since they invest in equities. ELSS funds are often chosen by individuals who want both tax benefits and long-term capital appreciation.

Overview of ELSS Mutual Funds

Axis ELSS Tax Saver Fund

The Axis ELSS Tax Saver Fund primarily invests in equities and equity-related securities to achieve long-term capital appreciation. It comes with a mandatory three-year lock-in period and offers tax deductions under Section 80C of the Income Tax Act.

SBI ELSS Tax Saver Fund

SBI ELSS Tax Saver Fund focuses on generating long-term capital growth through a diversified equity portfolio. It invests across large-cap, mid-cap, and small-cap stocks, providing tax benefits under Section 80C with a three-year lock-in period.

Mirae Asset ELSS Tax Saver Fund

Mirae Asset ELSS Tax Saver Fund allocates most of its portfolio to equities across market caps. It aims to generate long-term wealth while offering tax benefits under Section 80C of the Income Tax Act. The fund has a three-year lock-in period as per ELSS regulations.

DSP ELSS Tax Saver Fund

DSP ELSS Tax Saver Fund combines equity market participation with tax savings under Section 80C. It invests in a diversified mix of companies across sectors and has a mandatory three-year lock-in period for all investments.

HDFC ELSS Tax Saver Fund

HDFC ELSS Tax Saver Fund aims for long-term capital appreciation through diversified equity investments. It offers tax benefits under Section 80C and has a three-year lock-in period, primarily investing in large and well-established companies across various sectors.

How to Invest in ELSS Funds?

Here’s how you can identify and invest in top ELSS mutual funds with Tickertape Mutual Fund Screener -

  1. Launch Tickertape Mutual Fund Screener.
  2. Under the Category, search for “Equity Linked Savings Scheme (ELSS)”.
  3. Sort out the top energy mutual funds based on over 50 fundamental and technical filters.
  4. After identifying the ELSS mutual fund that aligns with your investment thesis, click on “Place Order” to invest in the mutual fund.

With Tickertape Mutual Fund Screener, you can invest via ‘lumpsum’ or start a ‘SIP’ in ELSS Mutual Funds. Moreover, by connecting your portfolio, you can do a deep analysis of your portfolio and assess its performance.

Taxation of ELSS Mutual Funds

ELSS mutual funds offer tax benefits under Section 80C, providing deductions on investments up to ₹1.5 lakh. However, understanding their tax treatment, including long-term capital gains (LTCG) tax, is crucial for investors to manage returns effectively

Taxation Aspect Details
Tax Deduction Investments in ELSS are eligible for a tax deduction under **Section 80C** up to ₹1.5 lakh per financial year.
Lock-in Period ELSS funds have a **3-year lock-in period** from the date of investment, after which investments can be redeemed.
Long-Term Capital Gains (LTCG) After 3 years, gains are taxed as LTCG. Gains up to ₹1.25 lakh per financial year are **exempt** from tax, and any amount above that is taxed at **12.5%**.
Indexation Benefit **No indexation benefit** is available for LTCG on ELSS funds.

How do ELSS Mutual Funds Work?

An Equity-Linked Savings Scheme (ELSS) is the only type of mutual fund that offers tax benefits. They are diversified equity funds. They invest in tax-saving equity funds and equity-linked instruments. ELSS mutual funds for tax saving have a mandatory lock-in period of 3 years, after which they become an open-ended scheme. Section 80C of the Income Tax Act, 1961, allows you to claim a tax deduction on the amount that you invest in ELSS. The maximum deduction you can claim in this regard is ₹1,50,000 per year, subject to the overall permissible limit of the section.



How to Choose ELSS Mutual Funds for Investment?

Assessing Risk Appetite

ELSS mutual funds carry different levels of market exposure. Funds that invest in large-cap stocks show lower volatility. Funds that invest in mid- or small-cap stocks involve higher risk and fluctuate more in value.

Evaluating Consistent Performance

Investors review the historical performance of ELSS mutual funds over five to ten years to see how they perform in different market conditions. Funds that deliver consistent returns and stay stable during downturns show strong fund management.

Fund Manager’s Expertise

The fund manager’s experience and approach influence how the portfolio performs in various market cycles. Investors check the manager’s track record to understand their style and results in different market phases.

Expense Ratio

The expense ratio shows the annual management cost of the fund. Since it affects returns directly, comparing expense ratios across funds helps investors make better investment decisions.

Tax Efficiency

ELSS funds qualify for tax deductions under Section 80C. The way each fund manages capital gains can differ. Understanding these differences helps investors measure post-tax efficiency.

SIP Facility

Many ELSS funds allow regular investments through a Systematic Investment Plan (SIP). This method promotes disciplined investing and reduces the impact of market volatility through consistent contributions.

Features of ELSS Mutual Funds

Payout Options

ELSS mutual funds offer two payout methods under SIPs. The growth option provides a lump sum after the three-year lock-in, while the dividend option offers periodic dividends during the lock-in period.

Equity Allocation

These funds invest at least 80% of their assets in equities and equity-related instruments, ensuring diversification across market capitalisations, sectors, and themes.

Lock-in Period

ELSS funds have a mandatory three-year lock-in period, with no option for premature withdrawals during this duration.

Tax and Return Potential

ELSS mutual funds are the only tax-saving investment option with the potential to deliver inflation-beating returns due to their equity exposure.

Risk Factor

Since ELSS schemes invest in the equity market, they carry a higher risk level and can experience volatility over short periods.

Who Can Consider Investing in ELSS Mutual Funds?

Salaried individuals

Those who wish to utilise Section 80C deductions can invest in ELSS (Equity Linked Savings Scheme) mutual funds. Investments up to ₹1.5 lakh per year qualify for tax benefits under this section.

Long-term investors

ELSS mutual funds are suitable for investors who can stay invested for at least three years, as the scheme has a mandatory lock-in period.

First-time equity participants

ELSS funds enable individuals to gain exposure to equity within a regulated framework that combines market participation with tax-saving benefits.

Market-aware investors

Since ELSS funds primarily invest in equities, they are suitable for individuals who understand that short-term returns can fluctuate with market conditions.

Goal-oriented investors

ELSS investments can be an integral part of a long-term wealth-building plan, particularly for financial goals with a time frame of three years or more.

Advantages of Investing in ELSS Mutual Funds

Tax Savings

ELSS funds are one of the most popular tax-saving ELSS funds under Section 80C, allowing investors to claim tax deductions of up to ₹1.5 lakh annually

Potential for High Returns

Being equity-oriented, the best ELSS mutual funds have the potential to offer high returns over the long term. Investors in the best-performing ELSS for SIPs can benefit from systematic investment plans (SIPs) that allow them to invest in a disciplined manner while averaging their purchase costs.

Short Lock-in Period

Unlike other tax-saving instruments, such as PPF and NSC, ELSS funds have a relatively short lock-in period of three years. This makes it a liquid investment compared to other options with longer tenures.

Diversification

ELSS mutual funds invest in a diversified portfolio of stocks, which helps mitigate risks associated with investing in a single company. By selecting top ELSS mutual funds, investors can achieve better exposure to various sectors of the economy.

Potential to Build Wealth

Over the long term, equity-linked savings schemes can offer superior returns compared to traditional tax-saving instruments, such as fixed deposits or PPF. With top-performing ELSS funds, investors can benefit from the growth of the equity market, enabling wealth creation.

Risks of Investing in ELSS Mutual Funds

Market Volatility

As ELSS funds invest in equities, they are subject to market fluctuations. Investors must be prepared for the inherent risk associated with equity-linked savings schemes.

Lack of Guaranteed Returns

Unlike fixed-income tax-saving instruments, the returns on tax-saving ELSS funds are not guaranteed. The performance of the best equity-linked savings schemes depends on the market conditions and the fund manager's ability to pick winning stocks.

Lock-in Period

Although the three-year lock-in period is shorter than that of other tax-saving instruments, it can still be restrictive for those who may need access to their funds in the short term. This lock-in period may also expose investors to liquidity risk.

Higher Risk for Aggressive Investors

Some of the best ELSS mutual funds focus on growth-oriented, mid-cap, or small-cap stocks, which can carry higher risks.

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Factors to Consider Before Investing in ELSS Mutual Funds

Financial Goal and Investment Plan

Your investment should match your financial goals. Create an investment plan that suits your income and risk capacity. One scheme may work well for someone else, but may not align with your goals.

Risk Appetite

Even the top ELSS funds for 2025 face market volatility because they hold equity securities. These funds involve high risk. Before investing in ELSS mutual funds, assess your risk tolerance and overall risk profile to ensure a suitable investment decision.

Investment Time Horizon

ELSS funds have a lock-in period of three years. Investors cannot redeem their capital or gains during this time. Review your financial plan and liquidity needs before investing, especially if you plan to hold your investment for three years or more.

Fund’s Past Performance

Check the fund’s returns for at least the last three to five years, or more if needed. Understanding how a scheme performs in different market conditions helps you determine if it aligns with your investment goals.

Fund’s Plans

Funds offer two plan types, direct and regular. A direct plan involves no brokers and goes straight to the investor. A regular plan includes a third party and adds a commission to the cost.

Conclusion

ELSS mutual funds are tax-saving and have a 3-year lock-in period. Although high-growth ELSS funds have the potential to yield high returns, they are considered high-risk investments. You can save your research efforts and time by using Tickertape’s Mutual Fund Screener to find the best mutual fund based on your risk tolerance and investment preferences!

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Frequently Asked Questions About ELSS Mutual Funds

  1. Why should you invest in ELSS mutual funds?

    ELSS mutual funds are tax-saving funds that allow you to generate wealth over time, like all other mutual funds, along with saving tax.
    Disclaimer: However, investors should understand that these funds are subject to market risks and should review their financial goals, risk tolerance, and time horizon before investing.

  2. What are the risks of ELSS mutual funds?

    ELSS mutual funds invest heavily in equity markets. Equity-related instruments are heavily susceptible to market volatility. Hence, due to this, ELSS mutual funds are highly risky.

  3. What is ELSS in a mutual fund?

    An ELSS, or Equity Linked Savings Scheme, is a type of mutual fund that invests primarily in equities and equity-related instruments. It qualifies for tax deductions under Section 80C and has a mandatory three-year lock-in period.

  4. Which ELSS mutual fund is best?

    The following are the best ELSS mutual funds based on AUM:

    1. ITI ELSS Tax Saver Fund
    2. Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

    Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

  5. Is ELSS tax-free after 3 years?

    ELSS mutual funds are not entirely tax-free after three years. Long-term capital gains of up to ₹1 lakh per financial year are exempt, while gains exceeding this amount are subject to a 10% tax without indexation.
    Disclaimer: Investors should conduct thorough research on the latest tax regulations and/or consult a financial advisor before making any investment decisions.

  6. What is better, SIP or ELSS?

    SIP is an investment method that allows for regular contributions, while ELSS is a mutual fund category that offers tax benefits. Investors can use the SIP route to invest in ELSS funds systematically.
    Disclaimer: Please note that this is not a recommendation. Please do your own research or check the SID of the specific fund to know more about SIP plans they offer and/or consult a financial advisor before investing.

  7. Is ELSS risk-free?

    ELSS mutual funds are not risk-free. Since they invest in equities, their returns fluctuate with market performance. The level of risk depends on market volatility and the fund’s portfolio composition.
    Disclaimer: Investors should understand that these funds are subject to market risks and should review their financial goals, risk tolerance, and time horizon before investing.

  8. Who should invest in ELSS funds?

    ELSS mutual funds align with individuals seeking tax deductions under Section 80C and equity market participation. They can be interesting to those with a long-term horizon and tolerance for short-term market fluctuations.
    Disclaimer: However, investors should understand that these funds are subject to market risks and should review their financial goals, risk tolerance, and time horizon before investing.

  9. What is the exposure for ELSS funds?

    ELSS mutual funds invest at least 80% of their portfolio in equities and equity-linked instruments, offering exposure across large-cap, mid-cap, and small-cap companies in different sectors.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.