The table below shows the best ELSS Mutual fund based on AUM, NAV and Minimum Investment.
| ELSS Mutual Funds | AUM | NAV | Minimum Investment |
| Axis Long Term Equity Fund | 32,325.06 | 77.55 | 500.00 |
| Mirae Asset Tax Saver Fund | 16,633.98 | 38.81 | 500.00 |
| SBI Long Term Equity Fund | 15,374.28 | 300.36 | 500 |
| Aditya Birla SL ELSS Tax Relief 96 | 14,252.70 | 48.58 | 500.00 |
| Nippon India Tax Saver (ELSS) Fund | 12,634.38 | 97.23 | 500.00 |
| DSP Tax Saver Fund | 11,804.88 | 101.81 | 500.00 |
| HDFC TaxSaver | 11,296.28 | 988.03 | 500 |
| ICICI Pru LT Equity Fund (Tax Saving) | 11,256.69 | 727.67 | 500.00 |
| Canara Rob Equity Tax Saver Fund | 5,978.94 | 139.34 | 500.00 |
| Franklin India Taxshield | 5,249.73 | 1,119.94 | 500.00 |
Content:
- Best Performing ELSS Mutual Funds
- Top Performing Elss Funds
- Best ELSS Mutual Fund
- Top 10 Elss Mutual Funds
- Best ELSS Mutual Fund – FAQs
- Introduction to Mining Stocks
Best Performing ELSS Mutual Funds
The table below shows the best performing ELSS Mutual funds based on AUM.
| ELSS Mutual Funds | AUM |
| Axis Long Term Equity Fund | 32,325.06 |
| Mirae Asset Tax Saver Fund | 16,633.98 |
| SBI Long Term Equity Fund | 15,374.28 |
| Aditya Birla SL ELSS Tax Relief 96 | 14,252.70 |
| Nippon India Tax Saver (ELSS) Fund | 12,634.38 |
| DSP Tax Saver Fund | 11,804.88 |
| HDFC TaxSaver | 11,296.28 |
| ICICI Pru LT Equity Fund (Tax Saving) | 11,256.69 |
| Canara Rob Equity Tax Saver Fund | 5,978.94 |
| Franklin India Taxshield | 5,249.73 |
Top Performing ELSS Funds
The table below shows the top performing ELSS funds based on lowest to highest expense ratio.
| ELSS Mutual Funds | Expense Ratio (%) |
| Navi ELSS Tax Saver Nifty 50 Index Fund | 0.11 |
| 360 ONE ELSS Nifty 50 Tax Saver Index Fund | 0.27 |
| Navi ELSS Tax Saver Fund | 0.4 |
| Mirae Asset Tax Saver Fund | 0.49 |
| ITI Long Term Equity Fund | 0.5 |
| Quant Tax Plan | 0.57 |
| Kotak Tax Saver Fund | 0.57 |
| Canara Rob Equity Tax Saver Fund | 0.57 |
| NJ ELSS Tax Saver Scheme | 0.61 |
| WOC Tax Saver Fund | 0.64 |
Best ELSS Mutual Fund
The table below shows the best ELSS Mutual fund based on Absolute Return.
| ELSS Mutual Funds | Absolute Return (%) |
| SBI LT Advantage Fund-VI | 26.62 |
| Sundaram LT Micro Cap Tax Adv Fund-Sr IV | 26.03 |
| Sundaram LT Micro Cap Tax Adv Fund-Sr III | 25.88 |
| Sundaram LT Tax Adv Fund-Sr IV | 25.42 |
| Sundaram LT Micro Cap Tax Adv Fund-Sr VI | 25.24 |
| Sundaram LT Tax Adv Fund-Sr III | 24.99 |
| Sundaram LT Micro Cap Tax Adv Fund-Sr V | 23.68 |
| SBI Long Term Equity Fund | 23.17 |
| Bandhan Tax Advt(ELSS) Fund | 18.75 |
| Motilal Oswal Long Term Equity Fu | 18.36 |
Top 10 ELSS Mutual Funds
The table below shows the top 10 ELSS Mutual funds based on CAGR 3-Year Return.
| ELSS Mutual Funds | CAGR 3Y |
| Sundaram LT Micro Cap Tax Adv Fund-Sr VI | 44.81 |
| Sundaram LT Micro Cap Tax Adv Fund-Sr IV | 43.79 |
| Sundaram LT Micro Cap Tax Adv Fund-Sr V | 43.27 |
| Sundaram LT Tax Adv Fund-Sr III | 43.02 |
| Sundaram LT Micro Cap Tax Adv Fund-Sr III | 42.91 |
| Sundaram LT Tax Adv Fund-Sr IV | 42.82 |
| Quant Tax Plan | 36.94 |
| SBI LT Advantage Fund-IV | 34.9 |
| Bandhan Tax Advt(ELSS) Fund | 32.39 |
| SBI Tax Advantage Fund-III | 31.45 |
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Best ELSS Mutual Fund – FAQs
1. Which platform is best for ELSS?
The most convenient method is by using an Alice Blue Investment Services Account. While the tax benefit is limited to INR 1.5 lakh, there are no restrictions on the amount you can invest.
2. Are ELSS funds worth it?
ELSS funds are an attractive choice for investors with a long-term investment horizon who aim to participate in the stock markets and avail tax benefits. There are multiple ELSS funds, so conducting thorough research and selecting a fund that aligns with your financial goals while effectively reducing your tax burden is crucial.
3. Which type of mutual fund is best for tax savers?
ELSS mutual funds are an attractive tax-saving option as they have the shortest lock-in period of just three years among all Section 80C investment choices under the Income Tax Act, 1961.
4. Can I invest 1 lakh in ELSS?
Although there is no cap on the investment amount, only up to Rs. 1.5 lakh is eligible for tax deduction as per the IT Act.
5. Is ELSS risk-free?
ELSS is an equity-oriented mutual fund with similar risks to other equity fund schemes. Market, volatility, and concentration risks can impact all ELSS mutual funds.
6. Is PPF better than ELSS?
Over an extended investment period, ELSS tends to yield significantly higher returns compared to PPF. PPF provides favourable tax benefits and excellent capital safety, while ELSS offers the potential for better returns.
Introduction to Best ELSS Mutual Fund
Best Performing ELSS Mutual Funds – AUM
Axis Long Term Equity Fund
Axis Long Term Equity Fund is a tax-saving mutual fund under the ELSS (Equity Linked Savings Scheme) category. The fund aims to provide long-term capital growth along with tax benefits to investors by investing primarily in equities.
Mirae Asset Tax Saver Fund
Mirae Asset Tax Saver Fund is an ELSS mutual fund that seeks capital appreciation along with tax benefits. The fund invests predominantly in equities across market capitalizations.
SBI Long Term Equity Fund
SBI Long Term Equity Fund is an ELSS mutual fund that aims to provide long-term capital appreciation and tax benefits. The fund primarily invests in equities with the goal of generating sustainable growth.
Top Performing Elss Funds – Expense ratio
Navi ELSS Tax Saver Nifty 50 Index Fund
Navi ELSS Tax Saver Nifty 50 Index Fund is a tax-saving mutual fund that tracks the Nifty 50 Index’s performance while offering potential tax benefits to investors under the ELSS scheme.
360 ONE ELSS Nifty 50 Tax Saver Index Fund
360 ONE ELSS Nifty 50 Tax Saver Index Fund is an Equity Linked Savings Scheme (ELSS) that invests in the Nifty 50 Index stocks, offering potential tax advantages to investors.
Navi ELSS Tax Saver Fund
Navi ELSS Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) mutual fund that aims to provide long-term capital growth along with tax benefits. The fund predominantly invests in equities, offering investors an opportunity to grow their investments while availing tax deductions under Section 80C of the Income Tax Act. It combines potential capital appreciation with tax savings, making it a popular choice for investors seeking both growth and tax advantages.
Best ELSS Mutual Fund – Absolute Return
SBI LT Advantage Fund-VI
SBI LT Advantage Fund-VI is an ELSS scheme offered by SBI Mutual Fund. The fund’s investment objective is to provide long-term capital appreciation and tax benefits. It invests predominantly in equity and equity-related instruments, focusing on growth opportunities in the market.
Sundaram LT Micro Cap Tax Adv Fund-Sr IV
Sundaram LT Micro Cap Tax Adv Fund-Sr IV is a series of the Sundaram Long Term Micro Cap Tax Advantage Fund. The fund focuses on investing in micro-cap stocks with the intention of capital appreciation along with tax benefits.
Sundaram LT Micro Cap Tax Adv Fund-Sr III
Sundaram LT Micro Cap Tax Adv Fund-Sr III is another series of the Sundaram Long Term Micro Cap Tax Advantage Fund. The fund aims to achieve long-term growth by investing in micro-cap stocks while providing tax benefits.
Top 10 Elss Mutual Funds – CAGR 3-Year Return
Sundaram LT Micro Cap Tax Adv Fund-Sr VI
Sundaram Long Term Micro Cap Tax Advantage Fund – Series VI is an ELSS scheme offered by Sundaram Mutual Fund. The fund aims for long-term capital appreciation and tax benefits under Section 80C. Sundaram LT Micro Cap Tax Adv Fund-Sr VI
Sundaram LT Micro Cap Tax Adv Fund-Sr IV
Sundaram LT Micro Cap Tax Adv Fund-Sr IV is a series of the Sundaram Long Term Micro Cap Tax Advantage Fund. The fund focuses on investing in micro-cap stocks with the intention of capital appreciation along with tax benefits.
Sundaram LT Micro Cap Tax Adv Fund-Sr V
Sundaram LT Micro Cap Tax Adv Fund-Sr V is yet another series of the Sundaram Long Term Micro Cap Tax Advantage Fund. The fund emphasizes investing in micro-cap stocks to attain capital appreciation and tax advantages.
Disclaimer: Please note that mutual fund performances are subject to market risks, and it’s always essential to review the latest scheme-related documents and consult with a financial advisor before making any investment decisions.
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