Best ELSS Mutual Funds for SIP Investment in 2026

Updated on July 5, 2026 , 5965 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 (₹4,516 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 13.14% (lower mid).
3Y return: 13.86% (lower mid).
1Y return: 3.65% (upper mid).
Alpha: 3.02 (top quartile).
Sharpe: -0.04 (upper mid).
Information ratio: 0.21 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Bharti Airtel Ltd (~5.8%).

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund Growth
Launch Date	13 Oct 14
NAV (07 Jul 26)	₹46.4586 ↓ -0.22 (-0.47 %)
Net Assets (Cr)	₹4,516 on 31 May 26
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.83
Sharpe Ratio	-0.04
Information Ratio	0.21
Alpha Ratio	3.02
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,258
30 Jun 23	₹12,650
30 Jun 24	₹17,258
30 Jun 25	₹18,161
30 Jun 26	₹18,578

Tata India Tax Savings 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 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 7 Jul 26

Duration	Returns
1 Month	4.3%
3 Month	10.5%
6 Month	-0.1%
1 Year	3.7%
3 Year	13.9%
5 Year	13.1%
10 Year
15 Year
Since launch	14%

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	4.54 Yr.

Data below for Tata India Tax Savings Fund as on 31 May 26

Equity Sector Allocation

Sector	Value
Financial Services	33.72%
Industrials	16.32%
Consumer Cyclical	12.13%
Health Care	6.53%
Communication Services	5.78%
Basic Materials	5.59%
Energy	5.44%
Technology	4.8%
Utility	2.96%
Real Estate	1.91%
Consumer Defensive	1.29%

Asset Allocation

Asset Class	Value
Cash	2.65%
Equity	97.35%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 26 \| BHARTIARTL	6%	₹261 Cr	1,426,428
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	6%	₹258 Cr	2,050,000
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	6%	₹249 Cr	3,350,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	4%	₹197 Cr	2,040,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	4%	₹178 Cr	1,350,000
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 30 Nov 22 \| MOTHERSON	3%	₹144 Cr	9,850,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 16 \| LT	3%	₹144 Cr	352,147
Cummins India Ltd (Industrials) Equity, Since 31 Dec 20 \| CUMMINSIND	3%	₹135 Cr	230,000
NTPC Ltd (Utilities) Equity, Since 30 Jun 21 \| NTPC	3%	₹134 Cr	3,451,000
PB Fintech Ltd (Financial Services) Equity, Since 28 Feb 26 \| 543390	3%	₹113 Cr	664,850

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 (₹6,767 Cr).
Established history (17+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately High.
5Y return: 12.33% (bottom quartile).
3Y return: 11.27% (bottom quartile).
1Y return: 0.74% (bottom quartile).
Alpha: -0.53 (bottom quartile).
Sharpe: -0.26 (bottom quartile).
Information ratio: -0.60 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
Largest holding HDFC Bank Ltd (~7.4%).

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

Bandhan Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (07 Jul 26)	₹155.537 ↓ -0.24 (-0.16 %)
Net Assets (Cr)	₹6,767 on 31 May 26
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.74
Sharpe Ratio	-0.26
Information Ratio	-0.6
Alpha Ratio	-0.53
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹10,205
30 Jun 23	₹13,023
30 Jun 24	₹17,446
30 Jun 25	₹17,932
30 Jun 26	₹17,853

Bandhan Tax Advantage (ELSS) 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 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 7 Jul 26

Duration	Returns
1 Month	4.3%
3 Month	8.9%
6 Month	-2.1%
1 Year	0.7%
3 Year	11.3%
5 Year	12.3%
10 Year
15 Year
Since launch	16.9%

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	9.7 Yr.
Ritika Behera	7 Oct 23	2.73 Yr.
Gaurav Satra	10 Jun 24	2.06 Yr.

Data below for Bandhan Tax Advantage (ELSS) Fund as on 31 May 26

Equity Sector Allocation

Sector	Value
Financial Services	32.84%
Technology	9.75%
Consumer Cyclical	8.93%
Consumer Defensive	8.47%
Energy	7.82%
Basic Materials	6.81%
Health Care	6.02%
Industrials	5.71%
Communication Services	2.57%
Real Estate	2.15%
Utility	1.82%

Asset Allocation

Asset Class	Value
Cash	6.37%
Equity	93.63%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	7%	₹499 Cr	6,700,000 ↑ 400,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	6%	₹436 Cr	3,300,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| KOTAKBANK	5%	₹346 Cr	9,000,000 ↑ 500,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	5%	₹339 Cr	2,700,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 21 \| TCS	4%	₹260 Cr	1,150,000 ↑ 50,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| AXISBANK	3%	₹235 Cr	1,825,000
Sterlite Technologies Ltd (Technology) Equity, Since 30 Apr 24 \| STLTECH	3%	₹214 Cr	4,000,000 ↓ -2,500,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	3%	₹186 Cr	1,600,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 30 Sep 23 \| MARUTI	3%	₹177 Cr	135,000 ↑ 10,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹174 Cr	950,000 ↑ 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 (₹14,249 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 9.12% (bottom quartile).
3Y return: 12.87% (bottom quartile).
1Y return: 1.97% (lower mid).
Alpha: 0.39 (lower mid).
Sharpe: -0.18 (lower mid).
Information ratio: -0.22 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding ICICI Bank Ltd (~6.8%).

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 (07 Jul 26)	₹62.24 ↓ -0.09 (-0.14 %)
Net Assets (Cr)	₹14,249 on 31 May 26
Category	Equity - ELSS
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.68
Sharpe Ratio	-0.18
Information Ratio	-0.22
Alpha Ratio	0.39
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹9,236
30 Jun 23	₹10,769
30 Jun 24	₹14,500
30 Jun 25	₹15,389
30 Jun 26	₹15,267

Aditya Birla Sun Life Tax Relief '96 SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859 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 7 Jul 26

Duration	Returns
1 Month	4.8%
3 Month	10%
6 Month	-1.5%
1 Year	2%
3 Year	12.9%
5 Year	9.1%
10 Year
15 Year
Since launch	10.5%

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	1.67 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 31 May 26

Equity Sector Allocation

Sector	Value
Financial Services	32.16%
Consumer Cyclical	12.34%
Technology	10.67%
Health Care	9.15%
Consumer Defensive	8.5%
Industrials	8.34%
Basic Materials	6.04%
Energy	3.95%
Utility	3.34%
Communication Services	2.77%
Real Estate	1.42%

Asset Allocation

Asset Class	Value
Cash	1.31%
Equity	98.69%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	7%	₹973 Cr	7,747,842
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	6%	₹897 Cr	12,050,504
Infosys Ltd (Technology) Equity, Since 30 Jun 08 \| INFY	4%	₹590 Cr	5,082,452
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 08 \| AXISBANK	4%	₹580 Cr	4,510,879
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	4%	₹563 Cr	4,260,426
State Bank of India (Financial Services) Equity, Since 31 Jan 22 \| SBIN	4%	₹531 Cr	5,501,415
Adani Ports & Special Economic Zone Ltd (Industrials) Equity, Since 30 Nov 24 \| ADANIPORTS	3%	₹450 Cr	2,494,440
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 22 \| BHARTIARTL	3%	₹395 Cr	2,161,864
Hindalco Industries Ltd (Basic Materials) Equity, Since 31 Mar 24 \| HINDALCO	3%	₹374 Cr	3,320,457
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| M&M	3%	₹361 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 (₹16,156 Cr).
Established history (19+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 13.40% (upper mid).
3Y return: 15.66% (upper mid).
1Y return: -0.87% (bottom quartile).
Alpha: -3.11 (bottom quartile).
Sharpe: -0.38 (bottom quartile).
Information ratio: 0.60 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~94%).
Largest holding ICICI Bank Ltd (~9.3%).

Below is the key information for DSP Tax Saver Fund

DSP Tax Saver Fund Growth
Launch Date	18 Jan 07
NAV (07 Jul 26)	₹140.436 ↓ -0.07 (-0.05 %)
Net Assets (Cr)	₹16,156 on 31 May 26
Category	Equity - ELSS
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.64
Sharpe Ratio	-0.38
Information Ratio	0.6
Alpha Ratio	-3.11
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Jun 21	₹10,000
30 Jun 22	₹9,880
30 Jun 23	₹12,160
30 Jun 24	₹17,802
30 Jun 25	₹19,260
30 Jun 26	₹18,724

DSP Tax Saver 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 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 7 Jul 26

Duration	Returns
1 Month	5%
3 Month	8.8%
6 Month	-4.1%
1 Year	-0.9%
3 Year	15.7%
5 Year	13.4%
10 Year
15 Year
Since launch	14.5%

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	10.96 Yr.

Data below for DSP Tax Saver Fund as on 31 May 26

Equity Sector Allocation

Sector	Value
Financial Services	43.12%
Consumer Cyclical	9.16%
Health Care	8.74%
Basic Materials	7.54%
Technology	6.25%
Communication Services	5.15%
Energy	4.34%
Consumer Defensive	3.79%
Industrials	3.34%
Utility	2.5%

Asset Allocation

Asset Class	Value
Cash	6.08%
Equity	93.92%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	9%	₹1,498 Cr	11,921,714 ↑ 841,830
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	9%	₹1,418 Cr	19,050,033 ↑ 1,761,226
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| AXISBANK	7%	₹1,207 Cr	9,380,225 ↑ 864,353
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	4%	₹668 Cr	6,924,203
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jul 19 \| BHARTIARTL	3%	₹546 Cr	2,985,560
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| KOTAKBANK	3%	₹505 Cr	13,131,681 ↑ 1,789,756
Infosys Ltd (Technology) Equity, Since 31 Mar 12 \| INFY	3%	₹414 Cr	3,563,404
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| M&M	2%	₹391 Cr	1,284,132
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 25 \| TCS	2%	₹334 Cr	1,477,947
Max Financial Services Ltd (Financial Services) Equity, Since 31 Jan 21 \| MFSL	2%	₹307 Cr	1,832,617

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 (upper mid).
Sharpe: 2.27 (top quartile).
Information ratio: -0.15 (lower 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
30 Jun 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 7 Jul 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.