Saves tax, with a three-year lock-in. Equity funds with a three-year lock-in on every investment.
Ranked by three-year return; funds without that figure at the end
Ranked by three-year return, the top three are Motilal Oswal ELSS Tax Saver Fund (+18.5% a year), HSBC ELSS Tax saver Fund (+14.6% a year) and JM ELSS - Tax Saver Fund (+14.2% a year). Past returns do not tell you future returns.
Motilal Oswal ELSS Tax Saver Fund Motilal Oswal | +2.2% | +18.5% | +14.5% | 1/37 | 2.07% | ₹4,724 cr |
| -1.9% | +14.6% | — | 2/37 | 1.98% | ₹3,915 cr | |
JM ELSS - Tax Saver Fund JM Financial | -0.4% | +14.2% | +11.0% | 3/37 | 2.66% | ₹232 cr |
WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital | -2.2% | +14.0% | — | 4/37 | 2.60% | ₹480 cr |
| +5.3% | +13.6% | +12.6% | 5/37 | 2.07% | ₹12,780 cr | |
Baroda BNP Paribas ELSS Tax Saver Fund Baroda BNP Paribas | -2.6% | +13.1% | — | 6/37 | 2.44% | ₹849 cr |
| -7.1% | +12.8% | +12.6% | 7/37 | 1.85% | ₹30,299 cr | |
| -5.2% | +12.6% | +10.1% | 8/37 | 1.78% | ₹15,787 cr | |
| -7.5% | +12.6% | +12.6% | 9/37 | 1.76% | ₹15,248 cr | |
Edelweiss ELSS Tax Saver Fund Edelweiss | -2.3% | +11.9% | +9.1% | 10/37 | 2.55% | ₹432 cr |
Nippon India ELSS Tax Saver Fund Nippon India | -3.4% | +11.8% | +10.1% | 11/37 | 1.79% | ₹14,092 cr |
| -7.8% | +11.5% | +9.4% | 12/37 | 2.60% | ₹420 cr | |
Mirae Asset ELSS Tax Saver Fund Mirae Asset | -5.3% | +11.4% | +8.6% | 13/37 | 1.95% | ₹24,610 cr |
| -2.0% | +11.1% | +9.3% | 14/37 | 1.93% | ₹4,362 cr | |
Canara Robeco ELSS - Tax Saver Fund Canara Robeco | -3.4% | +10.7% | +7.9% | 15/37 | 1.84% | ₹8,236 cr |
Bank of India ELSS Tax Saver Fund Bank of India | -2.4% | +10.7% | +9.5% | 16/37 | 2.34% | ₹1,342 cr |
| -4.6% | +10.6% | +7.6% | 17/37 | 2.31% | ₹2,573 cr | |
Aditya Birla Sun Life ELSS Tax Saver Fund Aditya Birla Sun Life | -5.3% | +10.5% | +6.7% | 18/37 | 1.77% | ₹13,538 cr |
| -2.6% | +10.5% | +4.8% | 19/37 | 1.74% | ₹30,451 cr | |
ICICI Prudential ELSS - Tax Saver Fund ICICI Prudential | -6.2% | +10.5% | +8.1% | 20/37 | 1.78% | ₹13,453 cr |
| -4.2% | +10.4% | +9.5% | 21/37 | 2.61% | ₹70 cr | |
Kotak ELSS Tax Saver Fund Kotak Mahindra | -2.4% | +10.3% | +9.9% | 22/37 | 1.96% | ₹5,962 cr |
Franklin India ELSS Tax Saver Fund Franklin Templeton | -7.8% | +9.9% | +9.4% | 23/37 | 1.92% | ₹5,910 cr |
| -2.5% | +9.3% | +9.2% | 24/37 | 1.99% | ₹6,670 cr | |
| -4.9% | +9.3% | +8.1% | 25/37 | 2.60% | ₹811 cr | |
Quantum ELSS Tax Saver Fund Quantum | -8.8% | +8.8% | +8.0% | 26/37 | 2.18% | ₹199 cr |
| -8.0% | +8.2% | +7.0% | 27/37 | 2.49% | ₹956 cr | |
PGIM India ELSS Tax Saver Fund PGIM India | -4.1% | +8.2% | +7.7% | 28/37 | 2.55% | ₹679 cr |
Sundaram ELSS Tax Saver Fund Sundaram | -8.8% | +8.0% | — | 29/37 | 2.29% | ₹1,210 cr |
| -9.6% | +7.9% | +9.2% | 30/37 | 1.83% | ₹5,477 cr | |
| -7.8% | +7.6% | +6.2% | 31/37 | 2.87% | ₹49 cr | |
| -7.6% | +7.3% | — | 32/37 | 1.07% | ₹150 cr | |
Mahindra Manulife ELSS Tax Saver Fund Mahindra Manulife | -8.6% | +7.2% | +6.9% | 33/37 | 2.51% | ₹830 cr |
| -7.6% | +7.1% | +5.3% | 34/37 | 1.95% | ₹3,259 cr | |
| -6.3% | +6.3% | — | 35/37 | 2.54% | ₹326 cr | |
Shriram ELSS Tax Saver Fund Shriram | -6.9% | +5.6% | +4.6% | 36/37 | 2.57% | ₹45 cr |
| -5.3% | +0.9% | — | 37/37 | 3.35% | ₹98 cr | |
Bajaj Finserv ELSS - Tax Saver Fund Bajaj Finserv | -2.8% | — | — | — | 2.94% | ₹89 cr |
The largest funds in the category, two at a time
Answered from the figures above, updated every business day
38 funds, managing ₹2.31 lakh cr between them as of 3 Nov 2026. The largest is Axis ELSS - Tax Saver Fund, at ₹30,451 cr.
The average ELSS (Tax Saver) fund returned -4.7% over the last year, +10.3% a year over three years, +8.8% a year over five years. Over the last year the funds ranged from -9.6% to +5.3%. Past returns do not tell you future returns.
Navi ELSS Tax Saver Nifty50 Index Fund, at 1.07% a year, against 2.13% for the average fund in the category. The expense ratio is taken out of the fund every day, so every return shown is already after it.
Motilal Oswal ELSS Tax Saver Fund, at +18.5% a year over the last three years, against +10.3% for the average fund. Past returns do not tell you future returns.
Their volatility over the last year averaged 14.3%: the higher it is, the more the price swings from day to day. All of them carry the riskometer level Very High, on SEBI's six-step scale from Low to Very High.
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NAV, expense ratio and fund disclosures as published by AMFI and the fund houses; prices as of 3 Nov 2026. Figures are computed independently and may differ from a fund house's own factsheet.
DiscoverMF is an information and analytics service. Nothing here is investment advice, a recommendation, or an offer to buy or sell any scheme. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance does not indicate future returns.