Top 7 Best ELSS Tax Saving Funds Under Section 80C

Updated on March 20, 2026 , 9023 views

It is that time when everyone is looking to save on the dreaded income tax. Many investors invest their money in schemes like Mutual Funds, etc., to save their hard-earned money. With tax season 2018 approaching fast, we bring you the best ELSS tax saving funds to save your income tax. ELSS or Equity Linked Saving Scheme is a Tax Saving Investment through which one can attain deductions up to INR 1,50,000 from their taxable income as per the Section 80C of Income Tax Act. Being a combination of equity and tax saving, ELSS scheme is an optimal gateway to equity. The money you invest grows as the stock market grows. So, the gains are high in Equity Linked Saving Scheme. Before, we look at the multiple benefits of this fund, let’s see the top 7 best ELSS tax saving funds under Section 80C.

Multiple Benefits of Tax Saving Through ELSS Under Sec 80C

ELSS scheme is a simple way to avail dual benefits– save taxes and grow money in stock markets. Likewise, there are many benefits such as:

Tax Saving Through ELSS

An investor is eligible for a tax deduction up to INR 1.5 lac under Sec 80C. This investment of INR 1,50,000 can save tax up to INR 46,350. But, this is only for those investors who are in the 30% income tax bracket. For income tax slab of 20% it is INR 30,000 and for 5% slab it is INR 7,525.

Minimum & Maximum Investment

Investors can invest in Mutual Funds in two ways— SIP and Lump sum. The minimum amount to invest via a SIP is INR 500, for the investment into the ELSS. And for a lump sum it is INR 5000.

Lock-in Period of ELSS

One of the important benefits of ELSS is that it comes with the shortest lock-in period of 3 years compared to other tax saving options.

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Fund Selection Methodology used to find 7 funds

Category: Equity
Sub-category: ELSS
AUM Range: 100 to 5000 Cr
Minimum fund age: 1 year
Sorted On : 3-year return (high to low)
Tags: fcpro
No Of Funds: 7

Best ELSS Mutual Funds Under Sec 80C

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Motilal Oswal Long Term Equity Fund Growth	₹47.6738 ↓ -0.03	₹4,175	-5	-10.6	5.3	21.9	16.8	-9.1
IDBI Equity Advantage Fund Growth	₹43.39 ↑ 0.04	₹485	9.7	15.1	16.9	20.8	10
HDFC Long Term Advantage Fund Growth	₹595.168 ↑ 0.28	₹1,318	1.2	15.4	35.5	20.6	17.4
BNP Paribas Long Term Equity Fund (ELSS) Growth	₹90.1738 ↑ 0.62	₹906	-9.4	-6.5	3.7	17.8	12.1	4.8
BOI AXA Tax Advantage Fund Growth	₹151.18 ↑ 1.13	₹1,384	-5	-6.9	2.5	16.7	14.1	-3.5
Baroda Pioneer ELSS 96 Growth	₹68.6676 ↑ 0.33	₹210	-6.1	-3.5	17.6	16.7	11.6
JM Tax Gain Fund Growth	₹43.5382 ↑ 0.25	₹217	-12.9	-12.2	-2	16.4	13.6	2.5
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 20 Mar 26

Research Highlights & Commentary of 7 Funds showcased

Commentary	Motilal Oswal Long Term Equity Fund	IDBI Equity Advantage Fund	HDFC Long Term Advantage Fund	BNP Paribas Long Term Equity Fund (ELSS)	BOI AXA Tax Advantage Fund	Baroda Pioneer ELSS 96	JM Tax Gain Fund
Point 1	Highest AUM (₹4,175 Cr).	Lower mid AUM (₹485 Cr).	Upper mid AUM (₹1,318 Cr).	Lower mid AUM (₹906 Cr).	Upper mid AUM (₹1,384 Cr).	Bottom quartile AUM (₹210 Cr).	Bottom quartile AUM (₹217 Cr).
Point 2	Established history (11+ yrs).	Established history (12+ yrs).	Oldest track record among peers (25 yrs).	Established history (20+ yrs).	Established history (17+ yrs).	Established history (11+ yrs).	Established history (17+ yrs).
Point 3	Not Rated.	Top rated.	Rating: 3★ (upper mid).	Rating: 3★ (upper mid).	Rating: 3★ (lower mid).	Not Rated.	Rating: 3★ (lower mid).
Point 4	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.
Point 5	5Y return: 16.82% (upper mid).	5Y return: 9.97% (bottom quartile).	5Y return: 17.39% (top quartile).	5Y return: 12.09% (lower mid).	5Y return: 14.09% (upper mid).	5Y return: 11.62% (bottom quartile).	5Y return: 13.60% (lower mid).
Point 6	3Y return: 21.93% (top quartile).	3Y return: 20.84% (upper mid).	3Y return: 20.64% (upper mid).	3Y return: 17.84% (lower mid).	3Y return: 16.72% (lower mid).	3Y return: 16.70% (bottom quartile).	3Y return: 16.39% (bottom quartile).
Point 7	1Y return: 5.33% (lower mid).	1Y return: 16.92% (upper mid).	1Y return: 35.51% (top quartile).	1Y return: 3.69% (lower mid).	1Y return: 2.52% (bottom quartile).	1Y return: 17.56% (upper mid).	1Y return: -1.95% (bottom quartile).
Point 8	Alpha: -3.97 (bottom quartile).	Alpha: 1.78 (upper mid).	Alpha: 1.75 (upper mid).	Alpha: 1.53 (lower mid).	Alpha: 0.34 (lower mid).	Alpha: 5.69 (top quartile).	Alpha: -4.18 (bottom quartile).
Point 9	Sharpe: 0.64 (bottom quartile).	Sharpe: 1.21 (upper mid).	Sharpe: 2.27 (upper mid).	Sharpe: 1.13 (lower mid).	Sharpe: 0.92 (lower mid).	Sharpe: 2.51 (top quartile).	Sharpe: 0.59 (bottom quartile).
Point 10	Information ratio: 0.36 (upper mid).	Information ratio: -1.13 (bottom quartile).	Information ratio: -0.15 (bottom quartile).	Information ratio: 0.41 (top quartile).	Information ratio: 0.10 (lower mid).	Information ratio: -0.09 (lower mid).	Information ratio: 0.22 (upper mid).

Motilal Oswal Long Term Equity Fund

Highest AUM (₹4,175 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 16.82% (upper mid).
3Y return: 21.93% (top quartile).
1Y return: 5.33% (lower mid).
Alpha: -3.97 (bottom quartile).
Sharpe: 0.64 (bottom quartile).
Information ratio: 0.36 (upper mid).

IDBI Equity Advantage Fund

Lower mid AUM (₹485 Cr).
Established history (12+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 9.97% (bottom quartile).
3Y return: 20.84% (upper mid).
1Y return: 16.92% (upper mid).
Alpha: 1.78 (upper mid).
Sharpe: 1.21 (upper mid).
Information ratio: -1.13 (bottom quartile).

HDFC Long Term Advantage Fund

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

BNP Paribas Long Term Equity Fund (ELSS)

Lower mid AUM (₹906 Cr).
Established history (20+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 12.09% (lower mid).
3Y return: 17.84% (lower mid).
1Y return: 3.69% (lower mid).
Alpha: 1.53 (lower mid).
Sharpe: 1.13 (lower mid).
Information ratio: 0.41 (top quartile).

BOI AXA Tax Advantage Fund

Upper mid AUM (₹1,384 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.09% (upper mid).
3Y return: 16.72% (lower mid).
1Y return: 2.52% (bottom quartile).
Alpha: 0.34 (lower mid).
Sharpe: 0.92 (lower mid).
Information ratio: 0.10 (lower mid).

Baroda Pioneer ELSS 96

Bottom quartile AUM (₹210 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 11.62% (bottom quartile).
3Y return: 16.70% (bottom quartile).
1Y return: 17.56% (upper mid).
Alpha: 5.69 (top quartile).
Sharpe: 2.51 (top quartile).
Information ratio: -0.09 (lower mid).

JM Tax Gain Fund

Bottom quartile AUM (₹217 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.60% (lower mid).
3Y return: 16.39% (bottom quartile).
1Y return: -1.95% (bottom quartile).
Alpha: -4.18 (bottom quartile).
Sharpe: 0.59 (bottom quartile).
Information ratio: 0.22 (upper mid).

About the Fincash Research Team

At Fincash, our mission is to help investors make informed, confident decisions. With over 10 years in Mutual Fund distribution, our team blends deep industry expertise with a commitment to transparency, accuracy, and investor education.

Who We Are

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MCA CIN: U74999MH2016PTC282153
Location: Thane, Maharashtra, India
Experience: 10+ years in Mutual Fund distribution

Our Expertise

Certified Mutual Fund Distributors with hands-on advisory experience.
Market analysts tracking performance, macro trends, and sectors.
Data specialists processing NAVs, allocations, and risk metrics from Morning Star.

Our Research Process

Data sourcing: SEBI-registered fund houses & verified third-party provider Morning Star
Screening: Returns, manager track record, expenses, sector mix, risk-adjusted metrics.
Expert review: Senior team members review every article and list for accuracy.
Updates: Regular refreshes so performance data reflects current market conditions.

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Disclaimer

Content is for educational and informational purposes only and is not investment advice. Please consider your risk profile and consult a financial advisor before investing.

*Above is list of Equity Linked Saving Sechemes having net Assets higher between 100 - 5,000 Crore and have managed funds for over 1 year and sorted on annualized return of part 3 Years.

1. Motilal Oswal Long Term Equity Fund

(Erstwhile Motilal Oswal MOSt Focused Long Term Fund)

The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Research Highlights for Motilal Oswal Long Term Equity Fund

Highest AUM (₹4,175 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 16.82% (upper mid).
3Y return: 21.93% (top quartile).
1Y return: 5.33% (lower mid).
Alpha: -3.97 (bottom quartile).
Sharpe: 0.64 (bottom quartile).
Information ratio: 0.36 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding Multi Commodity Exchange of India Ltd (~7.6%).

Below is the key information for Motilal Oswal Long Term Equity Fund

Motilal Oswal Long Term Equity Fund Growth
Launch Date	21 Jan 15
NAV (20 Mar 26)	₹47.6738 ↓ -0.03 (-0.06 %)
Net Assets (Cr)	₹4,175 on 28 Feb 26
Category	Equity - ELSS
AMC	Motilal Oswal Asset Management Co. Ltd
Rating	Not Rated
Risk	Moderately High
Expense Ratio	1.65
Sharpe Ratio	0.64
Information Ratio	0.36
Alpha Ratio	-3.97
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	₹11,557
28 Feb 23	₹12,203
29 Feb 24	₹18,441
28 Feb 25	₹18,888
28 Feb 26	₹22,113

Motilal Oswal Long Term Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for Motilal Oswal Long Term Equity 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	-2.4%
3 Month	-5%
6 Month	-10.6%
1 Year	5.3%
3 Year	21.9%
5 Year	16.8%
10 Year
15 Year
Since launch	15%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-9.1%
2023	47.7%
2022	37%
2021	1.8%
2020	32.1%
2019	8.8%
2018	13.2%
2017	-8.7%
2016	44%
2015	12.5%

Fund Manager information for Motilal Oswal Long Term Equity Fund

Name	Since	Tenure
Ajay Khandelwal	11 Dec 23	2.22 Yr.
Rakesh Shetty	22 Nov 22	3.27 Yr.
Atul Mehra	1 Oct 24	1.41 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	30.43%
Industrials	23.89%
Consumer Cyclical	17.17%
Basic Materials	10.09%
Technology	9.8%
Real Estate	3.41%
Health Care	2.99%
Consumer Defensive	1.24%

Asset Allocation

Asset Class	Value
Cash	0.97%
Equity	99.03%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 29 Feb 24 \| MCX	8%	₹317 Cr	1,296,040
Piramal Finance Ltd (Financial Services) Equity, Since 30 Sep 25 \| PIRAMALFIN	6%	₹264 Cr	1,518,583 ↑ 116,662
Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical) Equity, Since 31 Mar 24 \| AMBER	5%	₹207 Cr	259,006
Apar Industries Ltd (Industrials) Equity, Since 31 Dec 23 \| APARINDS	5%	₹206 Cr	184,366 ↓ -10,000
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Oct 23 \| 543320	5%	₹197 Cr	8,000,000
PTC Industries Ltd (Industrials) Equity, Since 30 Sep 24 \| 539006	5%	₹192 Cr	107,189 ↑ 4,558
Jain Resource Recycling Ltd (Basic Materials) Equity, Since 31 Oct 25 \| JAINREC	4%	₹188 Cr	4,743,065 ↑ 872,201
Muthoot Finance Ltd (Financial Services) Equity, Since 30 Jun 25 \| MUTHOOTFIN	4%	₹183 Cr	546,874
Billionbrains Garage Ventures Ltd (Financial Services) Equity, Since 30 Nov 25 \| GROWW	4%	₹179 Cr	10,941,411
Waaree Energies Ltd (Technology) Equity, Since 31 Oct 24 \| 544277	4%	₹158 Cr	583,979

2. IDBI Equity Advantage Fund

The Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized.

Research Highlights for IDBI Equity Advantage Fund

Lower mid AUM (₹485 Cr).
Established history (12+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 9.97% (bottom quartile).
3Y return: 20.84% (upper mid).
1Y return: 16.92% (upper mid).
Alpha: 1.78 (upper mid).
Sharpe: 1.21 (upper mid).
Information ratio: -1.13 (bottom quartile).

Below is the key information for IDBI Equity Advantage Fund

IDBI Equity Advantage Fund Growth
Launch Date	10 Sep 13
NAV (28 Jul 23)	₹43.39 ↑ 0.04 (0.09 %)
Net Assets (Cr)	₹485 on 30 Jun 23
Category	Equity - ELSS
AMC	IDBI Asset Management Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.39
Sharpe Ratio	1.21
Information Ratio	-1.13
Alpha Ratio	1.78
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	₹11,657
28 Feb 23	₹11,985

IDBI Equity Advantage Fund 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 IDBI Equity 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	3.1%
3 Month	9.7%
6 Month	15.1%
1 Year	16.9%
3 Year	20.8%
5 Year	10%
10 Year
15 Year
Since launch	16%

Historical performance (Yearly) on absolute basis

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

Fund Manager information for IDBI Equity Advantage Fund

Name	Since	Tenure

Data below for IDBI Equity Advantage Fund as on 30 Jun 23

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

3. 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

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

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

4. BNP Paribas Long Term Equity Fund (ELSS)

The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent fromtime to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns.

Research Highlights for BNP Paribas Long Term Equity Fund (ELSS)

Lower mid AUM (₹906 Cr).
Established history (20+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 12.09% (lower mid).
3Y return: 17.84% (lower mid).
1Y return: 3.69% (lower mid).
Alpha: 1.53 (lower mid).
Sharpe: 1.13 (lower mid).
Information ratio: 0.41 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~6.4%).

Below is the key information for BNP Paribas Long Term Equity Fund (ELSS)

BNP Paribas Long Term Equity Fund (ELSS) Growth
Launch Date	5 Jan 06
NAV (20 Mar 26)	₹90.1738 ↑ 0.62 (0.69 %)
Net Assets (Cr)	₹906 on 28 Feb 26
Category	Equity - ELSS
AMC	BNP Paribas Asset Mgmt India Pvt. Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.21
Sharpe Ratio	1.13
Information Ratio	0.41
Alpha Ratio	1.53
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	₹11,318
28 Feb 23	₹11,129
29 Feb 24	₹15,576
28 Feb 25	₹16,103
28 Feb 26	₹19,084

BNP Paribas Long Term Equity Fund (ELSS) 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 BNP Paribas Long Term Equity Fund (ELSS)

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	-8.2%
3 Month	-9.4%
6 Month	-6.5%
1 Year	3.7%
3 Year	17.8%
5 Year	12.1%
10 Year
15 Year
Since launch	11.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	4.8%
2023	23.6%
2022	31.3%
2021	-2.1%
2020	23.6%
2019	17.8%
2018	14.3%
2017	-9.3%
2016	42.3%
2015	-6.6%

Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)

Name	Since	Tenure
Sanjay Chawla	14 Mar 22	3.96 Yr.
Pratish Krishnan	14 Mar 22	3.96 Yr.

Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	31.95%
Consumer Cyclical	15.57%
Industrials	12.89%
Technology	10.38%
Basic Materials	8.28%
Health Care	5.08%
Consumer Defensive	4.13%
Energy	3.93%
Communication Services	3.01%
Utility	1.33%

Asset Allocation

Asset Class	Value
Cash	3.43%
Equity	96.54%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Oct 08 \| HDFCBANK	6%	₹58 Cr	656,320
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 12 \| ICICIBANK	5%	₹45 Cr	329,900
Reliance Industries Ltd (Energy) Equity, Since 31 Oct 18 \| RELIANCE	4%	₹36 Cr	255,800
State Bank of India (Financial Services) Equity, Since 31 Mar 22 \| SBIN	4%	₹33 Cr	278,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 May 19 \| BHARTIARTL	3%	₹27 Cr	144,966
Hitachi Energy India Ltd Ordinary Shares (Industrials) Equity, Since 31 Aug 23 \| POWERINDIA	3%	₹25 Cr	9,766
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Apr 20 \| LT	3%	₹24 Cr	56,220 ↓ -6,300
TVS Motor Co Ltd (Consumer Cyclical) Equity, Since 30 Sep 23 \| TVSMOTOR	3%	₹23 Cr	60,500
Cummins India Ltd (Industrials) Equity, Since 28 Feb 25 \| CUMMINSIND	2%	₹22 Cr	45,502
Bharat Heavy Electricals Ltd (Industrials) Equity, Since 30 Nov 24 \| BHEL	2%	₹22 Cr	821,380

5. BOI AXA Tax Advantage Fund

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.)

Research Highlights for BOI AXA Tax Advantage Fund

Upper mid AUM (₹1,384 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 14.09% (upper mid).
3Y return: 16.72% (lower mid).
1Y return: 2.52% (bottom quartile).
Alpha: 0.34 (lower mid).
Sharpe: 0.92 (lower mid).
Information ratio: 0.10 (lower mid).
Top sector: Financial Services.
Higher exposure to Cash Equivalent (bond sector) vs peer median.
Equity-heavy allocation (~80%).
High-quality debt (AAA/AA ~100%).
Largest holding State Bank of India (~4.1%).

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund Growth
Launch Date	25 Feb 09
NAV (20 Mar 26)	₹151.18 ↑ 1.13 (0.75 %)
Net Assets (Cr)	₹1,384 on 28 Feb 26
Category	Equity - ELSS
AMC	BOI AXA Investment Mngrs Private Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.09
Sharpe Ratio	0.92
Information Ratio	0.1
Alpha Ratio	0.34
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	₹12,206
28 Feb 23	₹12,558
29 Feb 24	₹19,130
28 Feb 25	₹17,525
28 Feb 26	₹20,796

BOI AXA Tax Advantage 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 BOI AXA Tax 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	-6.2%
3 Month	-5%
6 Month	-6.9%
1 Year	2.5%
3 Year	16.7%
5 Year	14.1%
10 Year
15 Year
Since launch	17.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	-3.5%
2023	21.6%
2022	34.8%
2021	-1.3%
2020	41.5%
2019	31.2%
2018	14.6%
2017	-16.3%
2016	57.7%
2015	-1.2%

Fund Manager information for BOI AXA Tax Advantage Fund

Name	Since	Tenure
Alok Singh	27 Apr 22	3.84 Yr.

Data below for BOI AXA Tax Advantage Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	22.16%
Industrials	16.61%
Basic Materials	10.05%
Consumer Cyclical	7.27%
Consumer Defensive	7.16%
Utility	5.51%
Technology	3.94%
Communication Services	3.19%
Energy	2.27%
Health Care	1.86%
Real Estate	0.11%

Asset Allocation

Asset Class	Value
Cash	18.39%
Equity	80.13%
Debt	1.48%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
State Bank of India (Financial Services) Equity, Since 31 Oct 21 \| SBIN	4%	₹56 Cr	470,000 ↓ -194,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| ICICIBANK	3%	₹46 Cr	335,000 ↓ -20,000
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 10 \| HDFCBANK	3%	₹45 Cr	510,000 ↑ 72,468
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 24 \| BHARTIARTL	3%	₹44 Cr	235,000
ITC Ltd (Consumer Defensive) Equity, Since 30 Jun 25 \| ITC	3%	₹42 Cr	1,340,000 ↑ 220,000
Hindustan Aeronautics Ltd Ordinary Shares (Industrials) Equity, Since 31 Jul 23 \| HAL	3%	₹41 Cr	105,000
NTPC Ltd (Utilities) Equity, Since 30 Apr 22 \| NTPC	3%	₹36 Cr	955,000
Coromandel International Ltd (Basic Materials) Equity, Since 31 Jan 23 \| COROMANDEL	3%	₹35 Cr	157,000
HEG Ltd (Industrials) Equity, Since 31 Dec 22 \| HEG	2%	₹34 Cr	580,000
Adani Ports & Special Economic Zone Ltd (Industrials) Equity, Since 30 Apr 25 \| ADANIPORTS	2%	₹33 Cr	214,000

6. Baroda Pioneer ELSS 96

The main objective of the scheme is to provide the investor long term capital growth as also tax benefit under section 80C of the Income Tax Act, 1961.

Research Highlights for Baroda Pioneer ELSS 96

Bottom quartile AUM (₹210 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 11.62% (bottom quartile).
3Y return: 16.70% (bottom quartile).
1Y return: 17.56% (upper mid).
Alpha: 5.69 (top quartile).
Sharpe: 2.51 (top quartile).
Information ratio: -0.09 (lower mid).

Below is the key information for Baroda Pioneer ELSS 96

Baroda Pioneer ELSS 96 Growth
Launch Date	2 Mar 15
NAV (11 Mar 22)	₹68.6676 ↑ 0.33 (0.48 %)
Net Assets (Cr)	₹210 on 31 Jan 22
Category	Equity - ELSS
AMC	Baroda Pioneer Asset Management Co. Ltd.
Rating	Not Rated
Risk	Moderately High
Expense Ratio	2.55
Sharpe Ratio	2.51
Information Ratio	-0.09
Alpha Ratio	5.69
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	₹12,210

Baroda Pioneer ELSS 96 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 Baroda Pioneer ELSS 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	-3.9%
3 Month	-6.1%
6 Month	-3.5%
1 Year	17.6%
3 Year	16.7%
5 Year	11.6%
10 Year
15 Year
Since launch	8.4%

Historical performance (Yearly) on absolute basis

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

Fund Manager information for Baroda Pioneer ELSS 96

Name	Since	Tenure

Data below for Baroda Pioneer ELSS 96 as on 31 Jan 22

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

7. JM Tax Gain Fund

The investment objective is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities and to enable investors a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.

Research Highlights for JM Tax Gain Fund

Bottom quartile AUM (₹217 Cr).
Established history (17+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 13.60% (lower mid).
3Y return: 16.39% (bottom quartile).
1Y return: -1.95% (bottom quartile).
Alpha: -4.18 (bottom quartile).
Sharpe: 0.59 (bottom quartile).
Information ratio: 0.22 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~97%).
Largest holding HDFC Bank Ltd (~4.0%).

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund Growth
Launch Date	31 Mar 08
NAV (20 Mar 26)	₹43.5382 ↑ 0.25 (0.57 %)
Net Assets (Cr)	₹217 on 28 Feb 26
Category	Equity - ELSS
AMC	JM Financial Asset Management Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.37
Sharpe Ratio	0.59
Information Ratio	0.22
Alpha Ratio	-4.18
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	₹11,792
28 Feb 23	₹12,113
29 Feb 24	₹17,481
28 Feb 25	₹18,094
28 Feb 26	₹20,367

JM Tax Gain 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 JM Tax Gain 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	-9.1%
3 Month	-12.9%
6 Month	-12.2%
1 Year	-2%
3 Year	16.4%
5 Year	13.6%
10 Year
15 Year
Since launch	8.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	2.5%
2023	29%
2022	30.9%
2021	0.5%
2020	32.2%
2019	18.3%
2018	14.9%
2017	-4.6%
2016	42.6%
2015	5.2%

Fund Manager information for JM Tax Gain Fund

Name	Since	Tenure
Satish Ramanathan	1 Oct 24	1.41 Yr.
Asit Bhandarkar	31 Dec 21	4.16 Yr.
Ruchi Fozdar	4 Oct 24	1.4 Yr.
Deepak Gupta	11 Apr 25	0.89 Yr.

Data below for JM Tax Gain Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	28.74%
Consumer Cyclical	16.59%
Industrials	11.66%
Technology	9.81%
Basic Materials	9.25%
Health Care	8.13%
Consumer Defensive	3.8%
Energy	3.43%
Real Estate	3.21%
Communication Services	2.85%

Asset Allocation

Asset Class	Value
Cash	2.52%
Equity	97.48%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 11 \| HDFCBANK	4%	₹9 Cr	98,262
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 10 \| LT	4%	₹8 Cr	18,447 ↓ -1,200
Reliance Industries Ltd (Energy) Equity, Since 30 Jun 25 \| RELIANCE	3%	₹7 Cr	53,400
ICICI Bank Ltd (Financial Services) Equity, Since 31 Mar 22 \| ICICIBANK	3%	₹7 Cr	48,500
Karur Vysya Bank Ltd (Financial Services) Equity, Since 30 Apr 25 \| KARURVYSYA	3%	₹6 Cr	199,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	3%	₹6 Cr	32,950
Lupin Ltd (Healthcare) Equity, Since 31 May 25 \| LUPIN	3%	₹6 Cr	25,000
Travel Food Services Ltd (Consumer Cyclical) Equity, Since 31 Jul 25 \| TRAVELFOOD	3%	₹6 Cr	45,598 ↓ -4,000
Polycab India Ltd (Industrials) Equity, Since 31 Jul 25 \| POLYCAB	3%	₹6 Cr	6,500
Vedanta Ltd (Basic Materials) Equity, Since 31 Oct 25 \| VEDL	2%	₹5 Cr	75,500

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.