# ELSS (Tax Saver) funds

Equity funds with a three-year lock-in on every investment.

Full page: https://discovermf.com/categories/elss-tax-saver
Figures as of 3 Nov 2026, from DiscoverMF. Information, not investment advice. Past returns do not indicate future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

38 funds managing ₹2.31 lakh cr. Category averages: -4.7% over one year, +10.3% a year over three years; typical expense ratio 2.13%.

## All funds, by three-year return

| Fund | 1 year | 3 years (a year) | 5 years (a year) | Volatility | Expense ratio | Fund size |
| --- | --- | --- | --- | --- | --- | --- |
| [Motilal Oswal ELSS Tax Saver Fund](https://discovermf.com/funds/motilal-oswal-elss-tax-saver-fund-133385.md) | +2.2% | +18.5% | +14.5% | 18.7% | 2.07% | ₹4,724 cr |
| [HSBC ELSS Tax saver Fund](https://discovermf.com/funds/hsbc-elss-tax-saver-fund-151076.md) | -1.9% | +14.6% | — | 16.3% | 1.98% | ₹3,915 cr |
| [JM ELSS - Tax Saver Fund](https://discovermf.com/funds/jm-elss-tax-saver-fund-107288.md) | -0.4% | +14.2% | +11.0% | 15.6% | 2.66% | ₹232 cr |
| [WhiteOak Capital ELSS Tax Saver Fund](https://discovermf.com/funds/whiteoak-capital-elss-tax-saver-fund-150589.md) | -2.2% | +14.0% | — | 14.0% | 2.60% | ₹480 cr |
| [Quant ELSS Tax Saver Fund](https://discovermf.com/funds/quant-elss-tax-saver-fund-100175.md) | +5.3% | +13.6% | +12.6% | 16.2% | 2.07% | ₹12,780 cr |
| [Baroda BNP Paribas ELSS Tax Saver Fund](https://discovermf.com/funds/baroda-bnp-paribas-elss-tax-saver-fund-150156.md) | -2.6% | +13.1% | — | 14.7% | 2.44% | ₹849 cr |
| [SBI ELSS Tax Saver Fund](https://discovermf.com/funds/sbi-elss-tax-saver-fund-105628.md) | -7.1% | +12.8% | +12.6% | 13.3% | 1.85% | ₹30,299 cr |
| [DSP ELSS Tax Saver Fund](https://discovermf.com/funds/dsp-elss-tax-saver-fund-104772.md) | -5.2% | +12.6% | +10.1% | 14.3% | 1.78% | ₹15,787 cr |
| [HDFC ELSS - Tax Saver Fund](https://discovermf.com/funds/hdfc-elss-tax-saver-fund-101979.md) | -7.5% | +12.6% | +12.6% | 13.4% | 1.76% | ₹15,248 cr |
| [Edelweiss ELSS Tax Saver Fund](https://discovermf.com/funds/edelweiss-elss-tax-saver-fund-111638.md) | -2.3% | +11.9% | +9.1% | 14.7% | 2.55% | ₹432 cr |
| [Nippon India ELSS Tax Saver Fund](https://discovermf.com/funds/nippon-india-elss-tax-saver-fund-103196.md) | -3.4% | +11.8% | +10.1% | 14.1% | 1.79% | ₹14,092 cr |
| [ITI ELSS Tax Saver Fund](https://discovermf.com/funds/iti-elss-tax-saver-fund-147544.md) | -7.8% | +11.5% | +9.4% | 18.1% | 2.60% | ₹420 cr |
| [Mirae Asset ELSS Tax Saver Fund](https://discovermf.com/funds/mirae-asset-elss-tax-saver-fund-135784.md) | -5.3% | +11.4% | +8.6% | 14.7% | 1.95% | ₹24,610 cr |
| [Tata ELSS - Tax Saver Fund](https://discovermf.com/funds/tata-elss-tax-saver-fund-132757.md) | -2.0% | +11.1% | +9.3% | 14.9% | 1.93% | ₹4,362 cr |
| [Canara Robeco ELSS - Tax Saver Fund](https://discovermf.com/funds/canara-robeco-elss-tax-saver-fund-111722.md) | -3.4% | +10.7% | +7.9% | 14.3% | 1.84% | ₹8,236 cr |
| [Bank of India ELSS Tax Saver Fund](https://discovermf.com/funds/bank-of-india-elss-tax-saver-fund-111710.md) | -2.4% | +10.7% | +9.5% | 14.1% | 2.34% | ₹1,342 cr |
| [Invesco India ELSS Tax Saver Fund](https://discovermf.com/funds/invesco-india-elss-tax-saver-fund-104636.md) | -4.6% | +10.6% | +7.6% | 15.6% | 2.31% | ₹2,573 cr |
| [Aditya Birla Sun Life ELSS Tax Saver Fund](https://discovermf.com/funds/aditya-birla-sun-life-elss-tax-saver-fund-107745.md) | -5.3% | +10.5% | +6.7% | 14.0% | 1.77% | ₹13,538 cr |
| [Axis ELSS - Tax Saver Fund](https://discovermf.com/funds/axis-elss-tax-saver-fund-112323.md) | -2.6% | +10.5% | +4.8% | 14.5% | 1.74% | ₹30,451 cr |
| [ICICI Prudential ELSS - Tax Saver Fund](https://discovermf.com/funds/icici-prudential-elss-tax-saver-fund-100354.md) | -6.2% | +10.5% | +8.1% | 13.8% | 1.78% | ₹13,453 cr |
| [Taurus ELSS Tax Saver Fund](https://discovermf.com/funds/taurus-elss-tax-saver-fund-100480.md) | -4.2% | +10.4% | +9.5% | 13.6% | 2.61% | ₹70 cr |
| [Kotak ELSS Tax Saver Fund](https://discovermf.com/funds/kotak-elss-tax-saver-fund-103339.md) | -2.4% | +10.3% | +9.9% | 14.8% | 1.96% | ₹5,962 cr |
| [Franklin India ELSS Tax Saver Fund](https://discovermf.com/funds/franklin-india-elss-tax-saver-fund-100526.md) | -7.8% | +9.9% | +9.4% | 13.9% | 1.92% | ₹5,910 cr |
| [Bandhan ELSS - Tax Saver Fund](https://discovermf.com/funds/bandhan-elss-tax-saver-fund-111569.md) | -2.5% | +9.3% | +9.2% | 12.8% | 1.99% | ₹6,670 cr |
| [Union ELSS Tax Saver Fund](https://discovermf.com/funds/union-elss-tax-saver-fund-116051.md) | -4.9% | +9.3% | +8.1% | 15.0% | 2.60% | ₹811 cr |
| [Quantum ELSS Tax Saver Fund](https://discovermf.com/funds/quantum-elss-tax-saver-fund-141070.md) | -8.8% | +8.8% | +8.0% | 13.2% | 2.18% | ₹199 cr |
| [LIC MF ELSS Tax Saver Fund](https://discovermf.com/funds/lic-mf-elss-tax-saver-fund-100865.md) | -8.0% | +8.2% | +7.0% | 14.9% | 2.49% | ₹956 cr |
| [PGIM India ELSS Tax Saver Fund](https://discovermf.com/funds/pgim-india-elss-tax-saver-fund-135598.md) | -4.1% | +8.2% | +7.7% | 14.3% | 2.55% | ₹679 cr |
| [Sundaram ELSS Tax Saver Fund](https://discovermf.com/funds/sundaram-elss-tax-saver-fund-149569.md) | -8.8% | +8.0% | — | 14.6% | 2.29% | ₹1,210 cr |
| [Parag Parikh ELSS Tax Saver Fund](https://discovermf.com/funds/parag-parikh-elss-tax-saver-fund-147482.md) | -9.6% | +7.9% | +9.2% | 11.2% | 1.83% | ₹5,477 cr |
| [Groww ELSS Tax Saver Fund](https://discovermf.com/funds/groww-elss-tax-saver-fund-141862.md) | -7.8% | +7.6% | +6.2% | 14.5% | 2.87% | ₹49 cr |
| [Navi ELSS Tax Saver Nifty50 Index Fund](https://discovermf.com/funds/navi-elss-tax-saver-nifty50-index-fund-151472.md) | -7.6% | +7.3% | — | 14.0% | 1.07% | ₹150 cr |
| [Mahindra Manulife ELSS Tax Saver Fund](https://discovermf.com/funds/mahindra-manulife-elss-tax-saver-fund-139783.md) | -8.6% | +7.2% | +6.9% | 13.7% | 2.51% | ₹830 cr |
| [UTI ELSS Tax Saver Fund](https://discovermf.com/funds/uti-elss-tax-saver-fund-100821.md) | -7.6% | +7.1% | +5.3% | 13.7% | 1.95% | ₹3,259 cr |
| [NJ ELSS Tax Saver Fund](https://discovermf.com/funds/nj-elss-tax-saver-fund-151609.md) | -6.3% | +6.3% | — | 12.9% | 2.54% | ₹326 cr |
| [Shriram ELSS Tax Saver Fund](https://discovermf.com/funds/shriram-elss-tax-saver-fund-145820.md) | -6.9% | +5.6% | +4.6% | 13.7% | 2.57% | ₹44.9 cr |
| [Samco ELSS Tax Saver Fund](https://discovermf.com/funds/samco-elss-tax-saver-fund-150839.md) | -5.3% | +0.9% | — | 18.2% | 3.35% | ₹97.7 cr |
| [Bajaj Finserv ELSS - Tax Saver Fund](https://discovermf.com/funds/bajaj-finserv-elss-tax-saver-fund-153202.md) | -2.8% | — | — | 14.8% | 2.94% | ₹88.9 cr |

## Questions

### How many ELSS (Tax Saver) funds are there?

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.

### What return have ELSS (Tax Saver) funds given?

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.

### Which ELSS (Tax Saver) fund has the lowest expense ratio?

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.

### Which ELSS (Tax Saver) fund has the highest three-year return?

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.

### How risky are ELSS (Tax Saver) funds?

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.