Best ELSS (Tax-Saving) Mutual Funds (by 3-Year Return)
Updated November 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 | SBI Long Term Advantage Fund - Series V SBI | +4.02% | +21.57% | +14.47% | 0.64 | -16.2% | 0.97% | ₹37 Cr |
| 2 | SBI Long Term Advantage Fund Series V SBI | +3.73% | +21.16% | +14.06% | 0.61 | -16.4% | 0.97% | ₹324 Cr |
| 3 | Motilal Oswal ELSS Tax Saver Fund Motilal Oswal | +7.61% | +19.51% | +16.23% | 0.64 | -27.7% | 2.30% | ₹4.2K Cr |
| 4 | WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital | +4.90% | +17.27% | - | 0.60 | -16.4% | 0.87% | ₹435 Cr |
| 5 | HSBC ELSS Tax saver Fund HSBC | +5.60% | +16.86% | - | 0.48 | -19.2% | 1.21% | ₹3.9K Cr |
| 6 | JM ELSS Tax Saver Fund (Direct) JM Financial | +6.43% | +16.55% | +13.02% | 0.59 | -20.9% | 1.09% | ₹39 Cr |
| 7 | BARODA BNP PARIBAS ELSS Tax Saver Fund Baroda BNP Paribas | +4.43% | +15.97% | - | 0.36 | -17.3% | 1.60% | ₹899 Cr |
| 8 | SBI Long Term Advantage Fund - Series III SBI | -2.61% | +15.70% | - | 0.61 | -20.8% | - | ₹64 Cr |
| 9 | quant ELSS Tax Saver Fund quant | +12.98% | +15.60% | +14.57% | 0.63 | -25.8% | 0.93% | ₹11.9K Cr |
| 10 | DSP ELSS Tax Saver Fund DSP | +2.01% | +15.46% | +12.50% | 0.51 | -17.1% | 1.19% | ₹16.9K Cr |
| 11 | BANK OF INDIA Mid Cap Tax Fund Series 1 Bank of India | +9.68% | +15.19% | +11.92% | 0.46 | -25.0% | 0.88% | ₹59 Cr |
| 12 | ICICI Prudential Long Term Wealth Enhancement Fund ICICI Prudential | +1.57% | +15.08% | +13.00% | 0.61 | -18.9% | 0.78% | ₹39 Cr |
| 13 | JM ELSS Tax Saver Fund (Regular) JM Financial | +5.01% | +15.07% | +11.74% | 0.52 | -21.3% | 1.09% | ₹176 Cr |
| 14 | Edelweiss ELSS Tax Saver Fund Edelweiss | +4.78% | +15.03% | +11.96% | 0.49 | -18.5% | 1.17% | ₹434 Cr |
| 15 | SBI ELSS Tax Saver FUND SBI | -0.88% | +14.98% | +14.27% | 0.64 | -16.7% | 1.13% | ₹31.4K Cr |
| 16 | ITI ELSS Tax Saver Fund ITI | +1.33% | +14.60% | +12.31% | 0.39 | -22.8% | 0.73% | ₹412 Cr |
| 17 | HDFC ELSS Tax saver HDFC | -0.97% | +14.58% | +14.28% | 0.72 | -14.8% | 1.17% | ₹16.4K Cr |
| 18 | Sundaram Long Term Tax Advantage Fund Series II Sundaram | +5.88% | +14.12% | - | 0.51 | -15.0% | - | ₹12 Cr |
| 19 | BANK OF INDIA Midcap Tax Fund Series 2 Bank of India | +6.08% | +14.04% | +11.11% | 0.42 | -24.1% | - | ₹30 Cr |
| 20 | Nippon India ELSS Tax Saver Fund Nippon India | +3.41% | +14.00% | +11.89% | 0.51 | -20.1% | 1.03% | ₹14.7K 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.