Best ELSS (Tax-Saving) Mutual Funds (by 3-Year Return)
Updated September 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 | +8.63% | +21.45% | +16.93% | 0.78 | -27.7% | 2.30% | ₹4.2K Cr |
| 2 | SBI Long Term Advantage Fund - Series V SBI | +2.21% | +20.68% | +15.10% | 0.79 | -16.2% | 0.97% | ₹37 Cr |
| 3 | SBI Long Term Advantage Fund Series V SBI | +1.89% | +20.26% | +14.68% | 0.76 | -16.4% | 0.97% | ₹324 Cr |
| 4 | ITI ELSS Tax Saver Fund ITI | +4.62% | +17.40% | +13.08% | 0.54 | -22.8% | 0.73% | ₹412 Cr |
| 5 | JM ELSS Tax Saver Fund (Direct) JM Financial | +8.76% | +16.63% | +13.72% | 0.71 | -20.9% | 1.09% | ₹39 Cr |
| 6 | HSBC ELSS Tax saver Fund HSBC | +4.74% | +16.20% | - | 0.68 | -19.2% | 1.21% | ₹3.9K Cr |
| 7 | WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital | +3.18% | +15.99% | - | 0.77 | -16.4% | 0.87% | ₹435 Cr |
| 8 | SBI Long Term Advantage Fund - Series III SBI | -2.61% | +15.70% | - | 0.61 | -20.8% | - | ₹64 Cr |
| 9 | JM ELSS Tax Saver Fund (Regular) JM Financial | +7.31% | +15.18% | +12.45% | 0.64 | -21.3% | 1.09% | ₹176 Cr |
| 10 | quant ELSS Tax Saver Fund quant | +11.37% | +15.08% | +15.04% | 0.71 | -25.8% | 0.93% | ₹11.9K Cr |
| 11 | BARODA BNP PARIBAS ELSS Tax Saver Fund Baroda BNP Paribas | +4.08% | +15.01% | - | 0.55 | -17.3% | 1.60% | ₹899 Cr |
| 12 | BANK OF INDIA Mid Cap Tax Fund Series 1 Bank of India | +9.94% | +14.68% | +11.56% | 0.57 | -25.0% | 0.88% | ₹59 Cr |
| 13 | Sundaram Long Term Tax Advantage Fund Series II Sundaram | +5.88% | +14.12% | - | 0.51 | -15.0% | - | ₹12 Cr |
| 14 | Sundaram Long Term Tax Advantage Fund Series I Sundaram | +8.09% | +13.65% | - | 0.70 | -14.4% | - | - |
| 15 | BANK OF INDIA Midcap Tax Fund Series 2 Bank of India | +5.88% | +13.62% | +10.66% | 0.53 | -24.1% | - | ₹30 Cr |
| 16 | Sundaram Long Term Tax Advantage Fund Series IV Sundaram | +8.29% | +13.40% | +16.62% | 0.89 | -22.1% | 2.73% | ₹21 Cr |
| 17 | Edelweiss ELSS Tax Saver Fund Edelweiss | +4.03% | +13.23% | +11.28% | 0.63 | -18.5% | 1.17% | ₹434 Cr |
| 18 | Sundaram Long Term Tax Advantage Fund Series III Sundaram | +8.83% | +13.23% | +16.55% | 0.87 | -22.7% | 1.35% | ₹32 Cr |
| 19 | SBI ELSS Tax Saver FUND SBI | -3.53% | +13.19% | +14.18% | 0.76 | -16.7% | 1.13% | ₹31.4K Cr |
| 20 | Navi ELSS Tax Saver Fund Navi | +7.64% | +13.03% | - | 0.38 | -19.7% | - | ₹50 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.