Best ELSS Mutual Funds for SIP Investment in 2026

Updated on September 2, 2026 , 6065 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 (₹4,664 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 11.77% (upper mid).
3Y return: 12.27% (lower mid).
1Y return: 9.17% (upper mid).
Alpha: 3.16 (top quartile).
Sharpe: 0.13 (upper mid).
Information ratio: 0.02 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding Bharti Airtel Ltd (~6.0%).

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund Growth
Launch Date	13 Oct 14
NAV (04 Sep 26)	₹47.4123 ↓ -0.07 (-0.14 %)
Net Assets (Cr)	₹4,664 on 31 Jul 26
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.83
Sharpe Ratio	0.13
Information Ratio	0.02
Alpha Ratio	3.16
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,797
31 Aug 23	₹12,310
31 Aug 24	₹16,917
31 Aug 25	₹15,967
31 Aug 26	₹17,843

Tata India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 4 Sep 26

Duration	Returns
1 Month	0%
3 Month	6%
6 Month	6.9%
1 Year	9.2%
3 Year	12.3%
5 Year	11.8%
10 Year
15 Year
Since launch	14%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	4.9%
2024	19.5%
2023	24%
2022	5.9%
2021	30.4%
2020	11.9%
2019	13.6%
2018	-8.4%
2017	46%
2016	2.1%

Fund Manager information for Tata India Tax Savings Fund

Name	Since	Tenure
Sailesh Jain	16 Dec 21	4.63 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	33.96%
Industrials	17.2%
Consumer Cyclical	12.28%
Health Care	6.93%
Communication Services	6.03%
Basic Materials	5.05%
Energy	4.86%
Technology	4.36%
Utility	2.57%
Real Estate	2.23%
Consumer Defensive	1.54%

Asset Allocation

Asset Class	Value
Cash	2.98%
Equity	97.02%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 26 \| BHARTIARTL	6%	₹281 Cr	1,426,428
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	5%	₹240 Cr	3,210,000 ↓ -140,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	5%	₹235 Cr	1,639,000 ↓ -142,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	4%	₹210 Cr	2,040,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	4%	₹177 Cr	1,350,000
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 30 Nov 22 \| MOTHERSON	3%	₹148 Cr	9,850,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 16 \| LT	3%	₹139 Cr	352,147
PB Fintech Ltd (Financial Services) Equity, Since 28 Feb 26 \| POLICYBZR	3%	₹130 Cr	814,850
Cummins India Ltd (Industrials) Equity, Since 31 Dec 20 \| 500480	3%	₹127 Cr	230,000
NTPC Ltd (Utilities) Equity, Since 30 Jun 21 \| 532555	3%	₹120 Cr	3,451,000

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 (₹6,911 Cr).
Established history (17+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately High.
5Y return: 11.07% (bottom quartile).
3Y return: 9.00% (bottom quartile).
1Y return: 3.00% (lower mid).
Alpha: 0.89 (lower mid).
Sharpe: -0.29 (bottom quartile).
Information ratio: -0.51 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding HDFC Bank Ltd (~7.9%).

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

Bandhan Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (04 Sep 26)	₹154.771 ↑ 0.26 (0.17 %)
Net Assets (Cr)	₹6,911 on 30 Jun 26
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.74
Sharpe Ratio	-0.29
Information Ratio	-0.51
Alpha Ratio	0.89
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,986
31 Aug 23	₹13,094
31 Aug 24	₹17,496
31 Aug 25	₹16,479
31 Aug 26	₹17,277

Bandhan Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 4 Sep 26

Duration	Returns
1 Month	-1.9%
3 Month	3.4%
6 Month	3.3%
1 Year	3%
3 Year	9%
5 Year	11.1%
10 Year
15 Year
Since launch	16.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	8%
2024	13.1%
2023	28.3%
2022	4.2%
2021	49.2%
2020	18.7%
2019	1.9%
2018	-9.4%
2017	53.4%
2016	0.4%

Fund Manager information for Bandhan Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	9.87 Yr.
Ritika Behera	7 Oct 23	2.9 Yr.
Gaurav Satra	10 Jun 24	2.22 Yr.

Data below for Bandhan Tax Advantage (ELSS) Fund as on 30 Jun 26

Equity Sector Allocation

Sector	Value
Financial Services	34.6%
Consumer Defensive	10.07%
Consumer Cyclical	9.15%
Technology	8.96%
Energy	8.08%
Health Care	6.76%
Basic Materials	6.37%
Industrials	3.82%
Communication Services	2.76%
Real Estate	2.5%
Utility	1.88%

Asset Allocation

Asset Class	Value
Cash	5.06%
Equity	94.94%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	8%	₹554 Cr	7,400,000 ↑ 400,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	6%	₹445 Cr	3,400,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| KOTAKBANK	6%	₹410 Cr	10,500,000 ↑ 1,500,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	6%	₹388 Cr	2,700,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 21 \| TCS	4%	₹296 Cr	1,250,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	3%	₹215 Cr	1,900,000 ↑ 50,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| 532215	3%	₹197 Cr	1,600,000 ↓ -225,000
Maruti Suzuki India Ltd (Consumer Cyclical) Equity, Since 30 Sep 23 \| MARUTI	3%	₹192 Cr	135,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹187 Cr	950,000
Mahindra & Mahindra Financial Services Ltd (Financial Services) Equity, Since 31 Aug 23 \| M&MFIN	2%	₹162 Cr	4,200,000 ↓ -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 (₹14,660 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 7.92% (bottom quartile).
3Y return: 11.31% (bottom quartile).
1Y return: 1.86% (bottom quartile).
Alpha: -0.45 (bottom quartile).
Sharpe: -0.07 (lower mid).
Information ratio: -0.18 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Government.
Equity-heavy allocation (~98%).
High-quality debt (AAA/AA ~100%).
Largest holding ICICI Bank Ltd (~7.6%).

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 (04 Sep 26)	₹61.75 ↓ -0.03 (-0.05 %)
Net Assets (Cr)	₹14,660 on 31 Jul 26
Category	Equity - ELSS
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.69
Sharpe Ratio	-0.07
Information Ratio	-0.18
Alpha Ratio	-0.45
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,031
31 Aug 23	₹10,680
31 Aug 24	₹14,684
31 Aug 25	₹14,398
31 Aug 26	₹14,990

Aditya Birla Sun Life Tax Relief '96 SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹367,070.
Net Profit of ₹67,070 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 4 Sep 26

Duration	Returns
1 Month	-2%
3 Month	4.2%
6 Month	4.6%
1 Year	1.9%
3 Year	11.3%
5 Year	7.9%
10 Year
15 Year
Since launch	10.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	9.3%
2024	16.4%
2023	18.9%
2022	-1.4%
2021	12.7%
2020	15.2%
2019	4.3%
2018	-4.5%
2017	43.2%
2016	3.4%

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

Name	Since	Tenure
Dhaval Shah	31 Oct 24	1.75 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	32.95%
Consumer Cyclical	14.1%
Technology	10.82%
Health Care	9.63%
Consumer Defensive	8.05%
Industrials	5.89%
Basic Materials	5.62%
Energy	3.8%
Communication Services	2.91%
Utility	2.86%
Real Estate	1.6%

Asset Allocation

Asset Class	Value
Cash	0.55%
Equity	98.24%
Debt	1.21%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	8%	₹1,112 Cr	7,747,842
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	6%	₹902 Cr	12,050,504
Infosys Ltd (Technology) Equity, Since 30 Jun 08 \| INFY	4%	₹574 Cr	5,082,452
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	4%	₹557 Cr	4,260,426
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 08 \| 532215	4%	₹524 Cr	4,260,879
State Bank of India (Financial Services) Equity, Since 31 Jan 22 \| SBIN	3%	₹498 Cr	4,851,415
The Federal Bank Ltd (Financial Services) Equity, Since 31 May 25 \| FEDERALBNK	3%	₹440 Cr	12,256,437
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| M&M	3%	₹430 Cr	1,264,660
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 22 \| BHARTIARTL	3%	₹426 Cr	2,161,864
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| ETERNAL	3%	₹425 Cr	14,042,983 ↑ 1,000,000

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 (₹16,738 Cr).
Established history (19+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 11.27% (lower mid).
3Y return: 12.84% (upper mid).
1Y return: 1.58% (bottom quartile).
Alpha: -2.47 (bottom quartile).
Sharpe: -0.18 (bottom quartile).
Information ratio: 0.50 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding ICICI Bank Ltd (~9.8%).

Below is the key information for DSP Tax Saver Fund

DSP Tax Saver Fund Growth
Launch Date	18 Jan 07
NAV (04 Sep 26)	₹138.259 ↑ 0.07 (0.05 %)
Net Assets (Cr)	₹16,738 on 31 Jul 26
Category	Equity - ELSS
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.64
Sharpe Ratio	-0.18
Information Ratio	0.5
Alpha Ratio	-2.47
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Aug 21	₹10,000
31 Aug 22	₹10,196
31 Aug 23	₹11,788
31 Aug 24	₹17,665
31 Aug 25	₹16,758
31 Aug 26	₹17,410

DSP Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518 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 4 Sep 26

Duration	Returns
1 Month	-1.9%
3 Month	3.5%
6 Month	0.1%
1 Year	1.6%
3 Year	12.8%
5 Year	11.3%
10 Year
15 Year
Since launch	14.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	7.5%
2024	23.9%
2023	30%
2022	4.5%
2021	35.1%
2020	15%
2019	14.8%
2018	-7.6%
2017	36.3%
2016	11.3%

Fund Manager information for DSP Tax Saver Fund

Name	Since	Tenure
Rohit Singhania	16 Jul 15	11.05 Yr.

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

Equity Sector Allocation

Sector	Value
Financial Services	44.22%
Consumer Cyclical	9.57%
Health Care	8.95%
Energy	7.36%
Basic Materials	7.26%
Technology	5.56%
Communication Services	5.03%
Consumer Defensive	3.84%
Industrials	3.16%
Utility	2.31%

Asset Allocation

Asset Class	Value
Cash	2.66%
Equity	97.34%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	10%	₹1,638 Cr	11,414,063 ↓ -582,219
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	9%	₹1,474 Cr	19,697,085
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| 532215	7%	₹1,202 Cr	9,777,745
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹890 Cr	8,666,068 ↑ 681,534
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jul 19 \| BHARTIARTL	4%	₹589 Cr	2,985,560
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| KOTAKBANK	3%	₹567 Cr	14,515,766 ↑ 619,891
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 26 \| RELIANCE	3%	₹445 Cr	3,402,923 ↑ 645,582
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| M&M	3%	₹436 Cr	1,284,132
Infosys Ltd (Technology) Equity, Since 31 Mar 12 \| INFY	2%	₹403 Cr	3,563,404
Cipla Ltd (Healthcare) Equity, Since 30 Apr 23 \| 500087	2%	₹329 Cr	2,230,233 ↑ 50,725

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

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 4 Sep 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
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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.