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Top Tax-Saving ELSS Funds

Bandhan Mutual Fund
Bandhan Elss Tax Saver Fund - Regular Plan - Growth

1Y

-3.04%

3Y

2.66%

5Y

6.40%

SI

17.70%

Nav :

151.25

Risk :

-
BANK OF INDIA MUTUAL FUND
Bank Of India Elss Tax Saver - Eco Plan - Growth

1Y

-9.18%

3Y

3.08%

5Y

6.20%

SI

18.78%

Nav :

171.09

Risk :

Very High
DSP Mutual Fund
Dsp Elss Tax Saver Fund - Regular Plan - Growth

1Y

-0.75%

3Y

2.90%

5Y

5.70%

SI

15.14%

Nav :

137.69

Risk :

-
Franklin Templeton Mutual Fund
Franklin India Elss Tax Saver Fund - Growth

1Y

-0.74%

3Y

2.17%

5Y

4.33%

SI

17.97%

Nav :

1,472.72

Risk :

-
HDFC Mutual Fund
Hdfc Elss Tax Saver - Regular Plan - Growth

1Y

4.81%

3Y

2.46%

5Y

4.54%

SI

19.53%

Nav :

1,419.10

Risk :

Very High Risk
ITI MUTUAL FUND
Iti Elss Tax Saver Fund - Regular Plan - Growth

1Y

-4.61%

3Y

10.18%

5Y

17.23%

SI

16.10%

Nav :

24.00

Risk :

-
MOTILAL OSWAL MUTUAL FUND
Motilal Oswal Elss Tax Saver Fund - Regular Plan

1Y

-1.50%

3Y

6.45%

5Y

11.15%

SI

16.60%

Nav :

50.88

Risk :

Very High
NIPPON INDIA MUTUAL FUND

1Y

-0.27%

3Y

2.53%

5Y

5.30%

SI

13.68%

Nav :

128.75

Risk :

-
PPFAS Mutual Fund
Parag Parikh Elss Tax Saver Fund - Regular Plan

1Y

4.58%

3Y

8.78%

5Y

17.60%

SI

20.87%

Nav :

31.68

Risk :

Very High
Quant MF

1Y

-11.66%

3Y

2.02%

5Y

5.50%

SI

14.27%

Nav :

357.95

Risk :

-

Equity-linked savings schemes (ELSS) are very popular for tax savings. They fall under Section 80C of the Income Tax Act. ELSS funds mainly invest in equity markets. They provide two key benefits: wealth creation and tax savings. Additionally, they have a lock-in period of only three years, which is the shortest among tax-saving options.

Some ELSS funds have shown outstanding performance. They have strong management and competitive expense ratios. Here are some top-performing ELSS funds to consider:

  • Quant ELSS Tax Saver Fund: Known for its high returns and aggressive growth approach.
  • Axis Long Term Equity Fund: A large-cap-focused ELSS fund with a strong long-term track record.
  • Canara Robeco Equity Tax Saver Fund: Offers balanced exposure with relatively lower volatility.
  • Mirae Asset Tax Saver Fund: Popular for steady returns and a low expense ratio.
  • DSP Tax Saver Fund: Diversified portfolio with a focus on long-term wealth creation.

These funds are ideal for salaried individuals and long-term investors seeking to save on taxes while building a robust equity portfolio.

Frequently asked questions
How much tax can I save with ELSS?
Is ELSS better than PPF or FD for tax saving?
What is the minimum investment in ELSS?
Can I invest in ELSS through SIP?
Are ELSS fund returns taxable?
Can I redeem ELSS before 3 years?
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