Best ELSS Mutual Funds for SIP Investment in 2026

Updated on March 18, 2026 , 5661 views

Best elss Funds or Equity Linked Savings Schemes are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide market-linked returns. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments. Best ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. Moreover, the ELSS Mutual Funds are open-ended & offer 2 modes of investments

Lump sum Investment
SIP (Systematic Investment plan) Investment

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Fund Selection Methodology used to find 5 funds

Category: Equity
Sub-category: ELSS
Sorted On : drat (high to low)
Tags: fcpro
No Of Funds: 5

Top 5 Best Performing ELSS Mutual Funds SIP FY 26 - 27

1. Tata India Tax Savings Fund

To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation..

Research Highlights for Tata India Tax Savings Fund

Bottom quartile AUM (₹4,674 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 12.59% (bottom quartile).
3Y return: 15.07% (lower mid).
1Y return: 3.90% (lower mid).
Alpha: 2.29 (top quartile).
Sharpe: 1.18 (lower mid).
Information ratio: -0.21 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding HDFC Bank Ltd (~6.5%).

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund Growth
Launch Date	13 Oct 14
NAV (20 Mar 26)	₹42.0512 ↑ 0.20 (0.48 %)
Net Assets (Cr)	₹4,674 on 28 Feb 26
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.83
Sharpe Ratio	1.18
Information Ratio	-0.21
Alpha Ratio	2.29
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹11,546
28 Feb 23	₹12,189
29 Feb 24	₹16,029
28 Feb 25	₹16,422
28 Feb 26	₹19,638

Tata India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Invest Now

Returns for Tata India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26

Duration	Returns
1 Month	-8.6%
3 Month	-8.5%
6 Month	-6.4%
1 Year	3.9%
3 Year	15.1%
5 Year	12.6%
10 Year
15 Year
Since launch	13.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	4.9%
2023	19.5%
2022	24%
2021	5.9%
2020	30.4%
2019	11.9%
2018	13.6%
2017	-8.4%
2016	46%
2015	2.1%

Fund Manager information for Tata India Tax Savings Fund

Name	Since	Tenure
Sailesh Jain	16 Dec 21	4.21 Yr.

Data below for Tata India Tax Savings Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	34.89%
Industrials	14.23%
Consumer Cyclical	13.29%
Basic Materials	6.89%
Health Care	5.67%
Energy	5.14%
Communication Services	4.84%
Technology	4.77%
Utility	2.82%
Real Estate	1.93%
Consumer Defensive	0.94%

Asset Allocation

Asset Class	Value
Cash	4.59%
Equity	95.41%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	7%	₹304 Cr	3,425,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	6%	₹290 Cr	2,100,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	5%	₹245 Cr	2,040,000
Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services) Equity, Since 30 Nov 21 \| 890157	5%	₹226 Cr	1,426,428
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	4%	₹188 Cr	1,350,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 16 \| LT	3%	₹151 Cr	352,147
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 30 Nov 22 \| MOTHERSON	3%	₹136 Cr	10,200,000
NTPC Ltd (Utilities) Equity, Since 30 Jun 21 \| NTPC	3%	₹132 Cr	3,451,000
Cummins India Ltd (Industrials) Equity, Since 31 Dec 20 \| CUMMINSIND	2%	₹113 Cr	230,000
Infosys Ltd (Technology) Equity, Since 30 Sep 18 \| INFY	2%	₹106 Cr	816,081 ↓ -75,000

2. Bandhan Tax Advantage (ELSS) Fund

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

Research Highlights for Bandhan Tax Advantage (ELSS) Fund

Lower mid AUM (₹7,056 Cr).
Established history (17+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately High.
5Y return: 13.91% (lower mid).
3Y return: 13.87% (bottom quartile).
1Y return: 2.05% (bottom quartile).
Alpha: -0.03 (bottom quartile).
Sharpe: 0.99 (bottom quartile).
Information ratio: -0.45 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding HDFC Bank Ltd (~7.7%).

Below is the key information for Bandhan Tax Advantage (ELSS) Fund

Bandhan Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (20 Mar 26)	₹143.014 ↑ 0.66 (0.46 %)
Net Assets (Cr)	₹7,056 on 28 Feb 26
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.74
Sharpe Ratio	0.99
Information Ratio	-0.45
Alpha Ratio	-0.03
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹12,531
28 Feb 23	₹13,184
29 Feb 24	₹18,397
28 Feb 25	₹17,986
28 Feb 26	₹20,751

Bandhan Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080 Invest Now

Returns for Bandhan Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26

Duration	Returns
1 Month	-8.3%
3 Month	-9.5%
6 Month	-7.6%
1 Year	2.1%
3 Year	13.9%
5 Year	13.9%
10 Year
15 Year
Since launch	16.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	8%
2023	13.1%
2022	28.3%
2021	4.2%
2020	49.2%
2019	18.7%
2018	1.9%
2017	-9.4%
2016	53.4%
2015	0.4%

Fund Manager information for Bandhan Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	9.36 Yr.
Ritika Behera	7 Oct 23	2.4 Yr.
Gaurav Satra	10 Jun 24	1.72 Yr.

Data below for Bandhan Tax Advantage (ELSS) Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	33.81%
Consumer Cyclical	9.68%
Basic Materials	8.62%
Consumer Defensive	8.33%
Technology	8.14%
Energy	7.71%
Health Care	6.21%
Industrials	5.01%
Communication Services	2.61%
Utility	2.55%
Real Estate	1.95%

Asset Allocation

Asset Class	Value
Cash	5.38%
Equity	94.62%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	8%	₹542 Cr	6,100,000 ↑ 100,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	7%	₹460 Cr	3,300,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	5%	₹372 Cr	2,700,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| KOTAKBANK	5%	₹328 Cr	7,900,000 ↑ 400,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 21 \| TCS	3%	₹224 Cr	850,000 ↓ -250,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| AXISBANK	3%	₹208 Cr	1,500,000
Jindal Steel Ltd (Basic Materials) Equity, Since 31 Mar 18 \| JINDALSTEL	2%	₹168 Cr	1,350,000
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	2%	₹162 Cr	1,350,000 ↓ -350,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	2%	₹151 Cr	801,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 30 Sep 23 \| MARUTI	2%	₹149 Cr	100,000

3. Aditya Birla Sun Life Tax Relief '96

An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities

Research Highlights for Aditya Birla Sun Life Tax Relief '96

Upper mid AUM (₹14,788 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 8.05% (bottom quartile).
3Y return: 14.18% (bottom quartile).
1Y return: 3.96% (upper mid).
Alpha: 2.15 (upper mid).
Sharpe: 1.21 (upper mid).
Information ratio: -0.63 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding ICICI Bank Ltd (~7.2%).

Below is the key information for Aditya Birla Sun Life Tax Relief '96

Aditya Birla Sun Life Tax Relief '96 Growth
Launch Date	6 Mar 08
NAV (20 Mar 26)	₹56.14 ↑ 0.27 (0.48 %)
Net Assets (Cr)	₹14,788 on 28 Feb 26
Category	Equity - ELSS
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.68
Sharpe Ratio	1.21
Information Ratio	-0.63
Alpha Ratio	2.15
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹10,209
28 Feb 23	₹10,102
29 Feb 24	₹13,205
28 Feb 25	₹13,379
28 Feb 26	₹15,883

Aditya Birla Sun Life Tax Relief '96 SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹376,357.
Net Profit of ₹76,357 Invest Now

Returns for Aditya Birla Sun Life Tax Relief '96

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26

Duration	Returns
1 Month	-9%
3 Month	-10.2%
6 Month	-9.5%
1 Year	4%
3 Year	14.2%
5 Year	8%
10 Year
15 Year
Since launch	10%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	9.3%
2023	16.4%
2022	18.9%
2021	-1.4%
2020	12.7%
2019	15.2%
2018	4.3%
2017	-4.5%
2016	43.2%
2015	3.4%

Fund Manager information for Aditya Birla Sun Life Tax Relief '96

Name	Since	Tenure
Dhaval Shah	31 Oct 24	1.33 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	33.45%
Consumer Cyclical	13.4%
Technology	10.17%
Health Care	9.82%
Consumer Defensive	8.27%
Industrials	8.13%
Basic Materials	4.79%
Energy	4.02%
Communication Services	3.38%
Utility	2.46%
Real Estate	1.41%

Asset Allocation

Asset Class	Value
Cash	0.71%
Equity	99.29%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	7%	₹1,068 Cr	7,747,842 ↓ -1,389,956
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	7%	₹1,025 Cr	11,550,504
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 08 \| AXISBANK	5%	₹700 Cr	5,060,879
State Bank of India (Financial Services) Equity, Since 31 Jan 22 \| SBIN	4%	₹661 Cr	5,501,415 ↓ -600,000
Infosys Ltd (Technology) Equity, Since 30 Jun 08 \| INFY	4%	₹661 Cr	5,082,452 ↑ 200,000
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	4%	₹594 Cr	4,260,426
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 22 \| BHARTIARTL	3%	₹500 Cr	2,661,864
Fortis Healthcare Ltd (Healthcare) Equity, Since 31 Jan 20 \| FORTIS	3%	₹463 Cr	4,912,331
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 08 \| LT	3%	₹403 Cr	941,782
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| M&M	3%	₹402 Cr	1,184,660

4. DSP Tax Saver Fund

The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time.

Research Highlights for DSP Tax Saver Fund

Highest AUM (₹17,250 Cr).
Established history (19+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 14.90% (upper mid).
3Y return: 17.84% (upper mid).
1Y return: 0.37% (bottom quartile).
Alpha: 1.05 (bottom quartile).
Sharpe: 1.08 (bottom quartile).
Information ratio: 0.87 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding ICICI Bank Ltd (~8.1%).

Below is the key information for DSP Tax Saver Fund

DSP Tax Saver Fund Growth
Launch Date	18 Jan 07
NAV (20 Mar 26)	₹129.402 ↑ 0.24 (0.19 %)
Net Assets (Cr)	₹17,250 on 28 Feb 26
Category	Equity - ELSS
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.64
Sharpe Ratio	1.08
Information Ratio	0.87
Alpha Ratio	1.05
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000
28 Feb 22	₹11,986
28 Feb 23	₹12,482
29 Feb 24	₹17,583
28 Feb 25	₹18,791
28 Feb 26	₹22,094

DSP Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for DSP Tax Saver Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26

Duration	Returns
1 Month	-10.3%
3 Month	-10.1%
6 Month	-7.8%
1 Year	0.4%
3 Year	17.8%
5 Year	14.9%
10 Year
15 Year
Since launch	14.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	7.5%
2023	23.9%
2022	30%
2021	4.5%
2020	35.1%
2019	15%
2018	14.8%
2017	-7.6%
2016	36.3%
2015	11.3%

Fund Manager information for DSP Tax Saver Fund

Name	Since	Tenure
Rohit Singhania	16 Jul 15	10.63 Yr.

Data below for DSP Tax Saver Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	41.62%
Consumer Cyclical	11.56%
Health Care	7.88%
Basic Materials	7.41%
Technology	7.26%
Energy	5.03%
Communication Services	4.79%
Industrials	4.38%
Consumer Defensive	3.94%
Utility	3.88%

Asset Allocation

Asset Class	Value
Cash	2.26%
Equity	97.74%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	8%	₹1,390 Cr	10,082,227 ↑ 2,198,124
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	8%	₹1,385 Cr	15,602,035 ↑ 2,314,504
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| AXISBANK	6%	₹1,074 Cr	7,763,520 ↓ -255,647
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹788 Cr	6,561,082 ↓ -3,405,638
Infosys Ltd (Technology) Equity, Since 31 Mar 12 \| INFY	4%	₹645 Cr	4,957,761
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jul 19 \| BHARTIARTL	3%	₹505 Cr	2,687,715
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| KOTAKBANK	3%	₹471 Cr	11,341,925
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| M&M	3%	₹436 Cr	1,284,132 ↓ -124,766
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| MOTHERSON	3%	₹436 Cr	32,671,083 ↓ -2,878,897
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 25 \| TCS	2%	₹390 Cr	1,477,947

5. HDFC Long Term Advantage Fund

To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments

Research Highlights for HDFC Long Term Advantage Fund

Bottom quartile AUM (₹1,318 Cr).
Oldest track record among peers (25 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.39% (top quartile).
3Y return: 20.64% (top quartile).
1Y return: 35.51% (top quartile).
Alpha: 1.75 (lower mid).
Sharpe: 2.27 (top quartile).
Information ratio: -0.15 (upper mid).

Below is the key information for HDFC Long Term Advantage Fund

HDFC Long Term Advantage Fund Growth
Launch Date	2 Jan 01
NAV (14 Jan 22)	₹595.168 ↑ 0.28 (0.05 %)
Net Assets (Cr)	₹1,318 on 30 Nov 21
Category	Equity - ELSS
AMC	HDFC Asset Management Company Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.25
Sharpe Ratio	2.27
Information Ratio	-0.15
Alpha Ratio	1.75
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
28 Feb 21	₹10,000

HDFC Long Term Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 Invest Now

Purchase not allowed

Returns for HDFC Long Term Advantage Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 20 Mar 26

Duration	Returns
1 Month	4.4%
3 Month	1.2%
6 Month	15.4%
1 Year	35.5%
3 Year	20.6%
5 Year	17.4%
10 Year
15 Year
Since launch	21.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015

Fund Manager information for HDFC Long Term Advantage Fund

Name	Since	Tenure

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.