Best ELSS (Tax-Saving) Mutual Funds (by 3-Year Return)
Updated June 2026 · 20 active funds · data from AMFI NAVs
ELSS funds offer a Section 80C deduction up to Rs 1.5 lakh (old tax regime) and carry the shortest lock-in of any 80C option - three years. Ranked here by 3-year CAGR from AMFI NAVs. The lock-in means you cannot redeem early, so consistency and cost matter; use the volatility and expense-ratio columns alongside the return. A high rank is not tax or investment advice.
| # | Scheme | 1Y | 3Y | 5Y | Sharpe | Max DD | TER | AUM |
|---|---|---|---|---|---|---|---|---|
| 1 | Motilal Oswal ELSS Tax Saver Fund Motilal Oswal | +1.32% | +22.92% | +18.28% | 0.72 | -27.7% | 2.30% | ₹4.2K Cr |
| 2 | SBI Long Term Advantage Fund - Series V SBI | -3.52% | +19.68% | +16.14% | 0.71 | -16.2% | 0.97% | ₹37 Cr |
| 3 | SBI Long Term Advantage Fund Series V SBI | -3.86% | +19.24% | +15.71% | 0.69 | -16.4% | 0.97% | ₹324 Cr |
| 4 | SBI ELSS Tax Saver FUND SBI | -4.87% | +18.05% | +16.32% | 0.78 | -16.7% | 1.13% | ₹31.4K Cr |
| 5 | WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital | -2.85% | +17.79% | - | 0.65 | -16.4% | 0.87% | ₹435 Cr |
| 6 | quant ELSS Tax Saver Fund quant | +5.65% | +17.66% | +16.22% | 0.71 | -25.8% | 0.93% | ₹11.9K Cr |
| 7 | ITI ELSS Tax Saver Fund ITI | -5.11% | +17.65% | +12.06% | 0.48 | -22.8% | 0.73% | ₹412 Cr |
| 8 | DSP ELSS Tax Saver Fund DSP | -4.56% | +16.58% | +13.79% | 0.61 | -17.1% | 1.19% | ₹16.9K Cr |
| 9 | BARODA BNP PARIBAS ELSS Tax Saver Fund Baroda BNP Paribas | +0.10% | +16.41% | - | 0.48 | -17.3% | 1.60% | ₹899 Cr |
| 10 | HSBC ELSS Tax saver Fund HSBC | -1.70% | +16.36% | - | 0.60 | -19.2% | 1.21% | ₹3.9K Cr |
| 11 | Sundaram Long Term Tax Advantage Fund Series IV Sundaram | +4.57% | +16.31% | +18.88% | 0.86 | -22.1% | 2.73% | ₹21 Cr |
| 12 | JM ELSS Tax Saver Fund (Direct) JM Financial | -0.68% | +16.21% | +14.63% | 0.62 | -20.9% | 1.09% | ₹39 Cr |
| 13 | Sundaram Long Term Tax Advantage Fund Series III Sundaram | +4.03% | +16.08% | +18.82% | 0.85 | -22.7% | 1.35% | ₹32 Cr |
| 14 | Sundaram Long Term Micro Cap Tax Advantage Fund Series V Sundaram | +1.56% | +15.84% | +17.55% | 0.77 | -23.6% | 1.28% | ₹29 Cr |
| 15 | SBI Long Term Advantage Fund - Series III SBI | -2.61% | +15.70% | - | 0.61 | -20.8% | - | ₹64 Cr |
| 16 | BANK OF INDIA Mid Cap Tax Fund Series 1 Bank of India | +2.47% | +15.65% | +13.17% | 0.52 | -25.0% | 0.88% | ₹59 Cr |
| 17 | BANK OF INDIA ELSS Tax Saver Bank of India | -1.68% | +15.63% | +13.59% | 0.54 | -23.9% | 0.91% | ₹1.4K Cr |
| 18 | HDFC ELSS Tax saver HDFC | -6.35% | +15.52% | +16.13% | 0.82 | -14.8% | 1.17% | ₹16.4K Cr |
| 19 | Nippon India ELSS Tax Saver Fund Nippon India | -1.97% | +15.42% | +13.85% | 0.62 | -20.1% | 1.03% | ₹14.7K Cr |
| 20 | Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Sundaram | +0.39% | +15.13% | +18.00% | 0.80 | -23.4% | 1.25% | ₹34 Cr |
Ranked by 3-Year CAGR (highest first), on funds with that metric available. Returns, Sharpe, drawdown and TER are computed independently from AMFI NAVs - see methodology. No paid placement.