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ELSS mutual funds, ranked

The 38 ELSS funds with at least a year behind them, by their return over 1, 3 and 5 years, next to the category's middle fund and a plain index fund.

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ELSS funds, by 5 year return

Direct plans, growth option. Annualised returns to 09 Oct 2026. Funds younger than five years follow, by their three and one year returns.

Fund1 year3 years5 years
1Motilal Oswal ELSS Tax Saver Fund6.2%20.5%16.6%
2Quant ELSS Tax Saver Fund7.5%14.3%13.9%
3SBI ELSS Tax Saver Fund-6.8%12.6%13.3%
4JM ELSS - Tax Saver Fund3.1%15.5%12.6%
5HDFC ELSS - Tax Saver Fund-9.1%11.8%12.4%
6ITI ELSS Tax Saver Fund0.3%15.2%11.6%
7Tata ELSS - Tax Saver Fund0.7%11.6%10.7%
8Kotak ELSS Tax Saver Fund-2.8%10.2%10.7%
9Nippon India ELSS Tax Saver Fund-2.2%11.6%10.6%
10DSP ELSS Tax Saver Fund-5.5%12.1%10.6%
11Edelweiss ELSS Tax Saver Fund-0.2%12.6%10.5%
12Bank Of India ELSS Tax Saver Fund1.2%11.7%10.0%
13Franklin India ELSS Tax Saver Fund-8.2%9.3%9.9%
14Bandhan ELSS - Tax Saver Fund-2.2%9.1%9.8%
15Taurus ELSS Tax Saver Fund-3.1%10.3%9.7%
16Parag Parikh ELSS Tax Saver Fund-11.2%8.1%9.4%
17Mirae Asset ELSS Tax Saver Fund-4.0%10.9%9.2%
18Union ELSS Tax Saver Fund Fund-4.1%9.5%8.9%
19Canara Robeco ELSS - Tax Saver Fund-3.3%10.6%8.9%
20PGIM India ELSS Tax Saver Fund-3.7%8.6%8.8%
21Quantum ELSS Tax Saver Fund-9.6%8.9%8.6%
22Invesco India ELSS Tax Saver Fund-3.7%11.3%8.6%
23ICICI Prudential ELSS - Tax Saver Fund-6.2%9.9%8.4%
24Mahindra Manulife ELSS Tax Saver Fund-8.4%7.2%8.0%
25LIC MF ELSS Tax Saver Fund-6.0%8.9%7.8%
26Groww ELSS Tax Saver Fund-9.4%8.0%7.3%
27Aditya Birla Sun Life ELSS Tax Saver Fund-4.9%9.7%6.8%
28UTI ELSS Tax Saver Fund-7.6%7.1%6.2%
29Shriram ELSS Tax Saver Fund-5.5%6.4%5.8%
30Axis ELSS- Tax Saver Fund-4.1%9.2%4.5%
31WhiteOak Capital ELSS Tax Saver Fund0.5%15.3%n/a
32HSBC ELSS Tax saver Fund0.2%15.2%n/a
33Baroda BNP Paribas ELSS Tax Saver Fund-0.1%13.9%n/a
34NJ ELSS Tax Saver Fund-4.9%8.3%n/a
35Sundaram ELSS Tax Saver Fund-8.4%7.2%n/a
36Navi ELSS Tax Saver Nifty50 Index Fund-9.8%5.9%n/a
37Samco ELSS Tax Saver Fund0.9%3.8%n/a
38Bajaj Finserv ELSS - Tax Saver Fund0.3%n/an/a
Middle of the category-3.9%10.2%9.6%
Motilal Oswal Nifty 500 Index Fund, tracking the Nifty 500-5.2%9.3%8.1%

How to read this

  • Leaders changeThe fund at the top over the last five years is rarely at the top over the next five. Funds that stay in the upper half across all three periods tell you more than the one in first place.
  • The index fund is the barOf the 30 funds with a five year record, 23 returned more than an index fund tracking the Nifty 500.
  • The wider pictureSee how many funds beat the index in every category.
  • These are direct plansThe regular plan of each fund returns less, by the commission it pays. Check which plan you hold before you compare.
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Questions

Which ELSS fund has given the highest return?

Over the five years to 09 Oct 2026, Motilal Oswal ELSS Tax Saver Fund returned the most among ELSS funds: 16.6% a year in its direct plan. The middle fund in the category returned 9.6%. Past returns do not tell you which fund will lead next.

How are ELSS funds ranked here?

By annualised return, using the growth option of each fund's direct plan, over 1, 3 and 5 years. Using direct plans keeps sales commissions out of the comparison. NAVs come from AMFI and are refreshed every day.

Should I pick the top-ranked ELSS fund?

Not on rank alone. Rankings change, and the right fund depends on your goals, how long you are investing for and what else you hold. Use the table to see how a fund has done against its peers and an index fund, then decide with advice that knows your situation.

This page is information, not a recommendation to buy, sell or hold any fund. Returns are annualised, for the growth option, from NAVs published by AMFI. A ranking by past return says nothing certain about the future, and the right fund for you depends on your goals and the rest of your portfolio.

Invsify Technologies Private Limited is a SEBI Registered Investment Adviser, Registration No. INA000020572. Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future results.