8 Best ELSS Tax Saving Mutual Funds 2026

Updated on September 21, 2026 , 65967 views

With the financial year coming to an end, it is the time to begin your Tax Planning. With so many tax savings options in India, ELSS stands out the best because they offer benefits beyond tax savings.

ELSS or Equity Linked Saving Schemes comes with a lock-in period of 3 years, which is the shortest holding compared to all other tax savings. By Investing in ELSS, one can attain deductions upto INR 1,50,000 from their taxable income as per the Section 80C of income tax Act. As, ELSS funds are equity diversified with a major portion of the fund being invested in equity & related products, they provide equity returns too. This means that investors can also earn equity returns on their investments.

Before we look at some of the other important features of this scheme, let’s check the best ELSS tax saving Mutual Funds for 2026 – 2027.

Why Choose ELSS for Tax Savings?

The other major benefits of ELSS are:

Tax Free Returns

As per the Budget 2018, ELSS would attract Long Term Capital Gains (LTCG). Investors would be taxed at 10% (with no indexation) under long term capital gain tax. Gains up to INR 1 lakh are free of tax. Tax at 10% applies to gains above INR 1 lakh.

Minimum Investment Amount

By taking a SIP route, investors can invest an amount as low as INR 500. This allows an individual to save money every month instead of a lump sum.

Equity Returns

Since these mutual funds invest in equity-related instruments, the money you invest grows as the stock market grows. So, the gains are high in ELSS Funds.

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Fund Selection Methodology used to find 8 funds

Category: Equity
Sub-category: ELSS
AUM Range: 100 to 15000 Cr
Minimum fund age: 3 years
Sorted On : 5-year return (high to low)
No Of Funds: 8

Best Performing ELSS Tax Saving Mutual Funds FY 26 - 27

Fund	NAV	Net Assets (Cr)	Rating	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
HDFC Long Term Advantage Fund Growth	₹595.168 ↑ 0.28	₹1,318	☆☆☆	1.2	15.4	35.5	20.6	17.4
Motilal Oswal Long Term Equity Fund Growth	₹57.5532 ↑ 0.45	₹5,134	Not Rated	3.8	24.7	8.3	20.9	15.9	-9.1
JM Tax Gain Fund Growth	₹52.8186 ↑ 0.29	₹242	☆☆☆	6.6	25.3	7.6	15.7	12.7	2.5
Baroda Pioneer ELSS 96 Growth	₹68.6676 ↑ 0.33	₹210	Not Rated	-6.1	-3.5	17.6	16.7	11.6
Tata India Tax Savings Fund Growth	₹47.0507 ↑ 0.40	₹4,747	☆☆☆☆☆	2.5	15.5	5.3	12.3	10.9	4.9
Nippon India Tax Saver Fund (ELSS) Growth	₹129.41 ↑ 0.76	₹14,718	☆☆☆	-1	10	-0.6	11.8	10.8	6
Franklin India Taxshield Growth	₹1,408.44 ↑ 6.09	₹6,223	☆☆	-0.5	8.5	-4.9	10.2	10.4	2.1
Kotak Tax Saver Fund Growth	₹116.742 ↑ 0.52	₹6,384	☆☆☆	1.8	13.4	0.3	10.3	10.4	1.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 14 Jan 22

Research Highlights & Commentary of 8 Funds showcased

Commentary	HDFC Long Term Advantage Fund	Motilal Oswal Long Term Equity Fund	JM Tax Gain Fund	Baroda Pioneer ELSS 96	Tata India Tax Savings Fund	Nippon India Tax Saver Fund (ELSS)	Franklin India Taxshield	Kotak Tax Saver Fund
Point 1	Lower mid AUM (₹1,318 Cr).	Upper mid AUM (₹5,134 Cr).	Bottom quartile AUM (₹242 Cr).	Bottom quartile AUM (₹210 Cr).	Lower mid AUM (₹4,747 Cr).	Highest AUM (₹14,718 Cr).	Upper mid AUM (₹6,223 Cr).	Top quartile AUM (₹6,384 Cr).
Point 2	Established history (25+ yrs).	Established history (11+ yrs).	Established history (18+ yrs).	Established history (11+ yrs).	Established history (11+ yrs).	Established history (21+ yrs).	Oldest track record among peers (27 yrs).	Established history (20+ yrs).
Point 3	Rating: 3★ (top quartile).	Not Rated.	Rating: 3★ (upper mid).	Not Rated.	Top rated.	Rating: 3★ (upper mid).	Rating: 2★ (lower mid).	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.	Risk profile: Moderately High.
Point 5	5Y return: 17.39% (top quartile).	5Y return: 15.95% (top quartile).	5Y return: 12.72% (upper mid).	5Y return: 11.62% (upper mid).	5Y return: 10.95% (lower mid).	5Y return: 10.75% (lower mid).	5Y return: 10.44% (bottom quartile).	5Y return: 10.43% (bottom quartile).
Point 6	3Y return: 20.64% (top quartile).	3Y return: 20.94% (top quartile).	3Y return: 15.65% (upper mid).	3Y return: 16.70% (upper mid).	3Y return: 12.33% (lower mid).	3Y return: 11.78% (lower mid).	3Y return: 10.16% (bottom quartile).	3Y return: 10.27% (bottom quartile).
Point 7	1Y return: 35.51% (top quartile).	1Y return: 8.32% (upper mid).	1Y return: 7.56% (upper mid).	1Y return: 17.56% (top quartile).	1Y return: 5.33% (lower mid).	1Y return: -0.58% (bottom quartile).	1Y return: -4.90% (bottom quartile).	1Y return: 0.32% (lower mid).
Point 8	Alpha: 1.75 (lower mid).	Alpha: 11.90 (top quartile).	Alpha: 5.40 (upper mid).	Alpha: 5.69 (upper mid).	Alpha: 6.01 (top quartile).	Alpha: -1.34 (bottom quartile).	Alpha: -5.46 (bottom quartile).	Alpha: 0.24 (lower mid).
Point 9	Sharpe: 2.27 (top quartile).	Sharpe: 0.62 (upper mid).	Sharpe: 0.22 (lower mid).	Sharpe: 2.51 (top quartile).	Sharpe: 0.40 (upper mid).	Sharpe: -0.02 (bottom quartile).	Sharpe: -0.29 (bottom quartile).	Sharpe: 0.08 (lower mid).
Point 10	Information ratio: -0.15 (lower mid).	Information ratio: 0.76 (top quartile).	Information ratio: 0.70 (top quartile).	Information ratio: -0.09 (lower mid).	Information ratio: 0.18 (upper mid).	Information ratio: 0.10 (upper mid).	Information ratio: -0.27 (bottom quartile).	Information ratio: -0.26 (bottom quartile).

HDFC Long Term Advantage Fund

Lower mid AUM (₹1,318 Cr).
Established history (25+ yrs).
Rating: 3★ (top 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 (lower mid).

Motilal Oswal Long Term Equity Fund

Upper mid AUM (₹5,134 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 15.95% (top quartile).
3Y return: 20.94% (top quartile).
1Y return: 8.32% (upper mid).
Alpha: 11.90 (top quartile).
Sharpe: 0.62 (upper mid).
Information ratio: 0.76 (top quartile).

JM Tax Gain Fund

Bottom quartile AUM (₹242 Cr).
Established history (18+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 12.72% (upper mid).
3Y return: 15.65% (upper mid).
1Y return: 7.56% (upper mid).
Alpha: 5.40 (upper mid).
Sharpe: 0.22 (lower mid).
Information ratio: 0.70 (top quartile).

Baroda Pioneer ELSS 96

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

Tata India Tax Savings Fund

Lower mid AUM (₹4,747 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 10.95% (lower mid).
3Y return: 12.33% (lower mid).
1Y return: 5.33% (lower mid).
Alpha: 6.01 (top quartile).
Sharpe: 0.40 (upper mid).
Information ratio: 0.18 (upper mid).

Nippon India Tax Saver Fund (ELSS)

Highest AUM (₹14,718 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 10.75% (lower mid).
3Y return: 11.78% (lower mid).
1Y return: -0.58% (bottom quartile).
Alpha: -1.34 (bottom quartile).
Sharpe: -0.02 (bottom quartile).
Information ratio: 0.10 (upper mid).

Franklin India Taxshield

Upper mid AUM (₹6,223 Cr).
Oldest track record among peers (27 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.44% (bottom quartile).
3Y return: 10.16% (bottom quartile).
1Y return: -4.90% (bottom quartile).
Alpha: -5.46 (bottom quartile).
Sharpe: -0.29 (bottom quartile).
Information ratio: -0.27 (bottom quartile).

Kotak Tax Saver Fund

Top quartile AUM (₹6,384 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.43% (bottom quartile).
3Y return: 10.27% (bottom quartile).
1Y return: 0.32% (lower mid).
Alpha: 0.24 (lower mid).
Sharpe: 0.08 (lower mid).
Information ratio: -0.26 (bottom quartile).

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

AMFI Registration No.: 112358
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.

Why Trust Us

Regulated & compliant: AMFI-registered and MCA-incorporated.
Investor-first: No pay-to-promote lists; suitability and performance drive coverage.
Education-focused: We simplify complex concepts for everyday investors.

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 ELSS - Equity Mutual Funds having net assets between 100 - 15000 Crore & managing assets since last 3 years. Sorted on returns of last 5 years annualized/CAGR basis.

Who Can Invest in ELSS Fund?

Generally, ELSS Mutual Funds are suitable for all kinds of investors who are willing to take market-linked risks for tax planning and saving money. Anyone can invest in ELSS funds at any point of time in their life. However, it is suggested to invest in tax saving ELSS funds during the early stage of your career so that your money grows over time and you earn better returns.

Hence, save tax and earn good returns both at the same time by investing in Best elss Funds. Investors should be aware that amount invested in ELSS funds is locked for 3 Years.

Investors can invest in ELSS mutual funds as lumpsum (One Time) of SIP (Systematic Investment plan). It is advised for beginners to generally invest using SIP as it better suited for them.

1. 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

Lower mid AUM (₹1,318 Cr).
Established history (25+ yrs).
Rating: 3★ (top 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 (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 14 Jan 22

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

2. 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

Upper mid AUM (₹5,134 Cr).
Established history (11+ yrs).
Not Rated.
Risk profile: Moderately High.
5Y return: 15.95% (top quartile).
3Y return: 20.94% (top quartile).
1Y return: 8.32% (upper mid).
Alpha: 11.90 (top quartile).
Sharpe: 0.62 (upper mid).
Information ratio: 0.76 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Multi Commodity Exchange of India Ltd (~5.1%).

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 (23 Sep 26)	₹57.5532 ↑ 0.45 (0.78 %)
Net Assets (Cr)	₹5,134 on 31 Aug 26
Category	Equity - ELSS
AMC	Motilal Oswal Asset Management Co. Ltd
Rating	Not Rated
Risk	Moderately High
Expense Ratio	1.65
Sharpe Ratio	0.62
Information Ratio	0.76
Alpha Ratio	11.9
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	₹9,777
31 Aug 23	₹11,832
31 Aug 24	₹19,191
31 Aug 25	₹18,292
31 Aug 26	₹21,564

Motilal Oswal Long Term Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 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 14 Jan 22

Duration	Returns
1 Month	-0.1%
3 Month	3.8%
6 Month	24.7%
1 Year	8.3%
3 Year	20.9%
5 Year	15.9%
10 Year
15 Year
Since launch	16.2%

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
Varun Sharma	3 Jul 26	0.16 Yr.
Ajay Khandelwal	11 Dec 23	2.72 Yr.
Ankit Agarwal	16 Mar 26	0.46 Yr.
Rakesh Shetty	22 Nov 22	3.78 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 31 Aug 26

Equity Sector Allocation

Sector	Value
Financial Services	24.23%
Industrials	24.03%
Basic Materials	16.53%
Consumer Cyclical	15.42%
Technology	13.68%
Health Care	3.69%

Asset Allocation

Asset Class	Value
Cash	2.43%
Equity	97.57%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Multi Commodity Exchange of India Ltd (Financial Services) Equity, Since 29 Feb 24 \| MCX	5%	₹242 Cr	900,000 ↓ -68,520
Gujarat Fluorochemicals Ltd Ordinary Shares (Basic Materials) Equity, Since 28 Feb 23 \| FLUOROCHEM	5%	₹215 Cr	493,050
PTC Industries Ltd (Industrials) Equity, Since 30 Sep 24 \| 539006	4%	₹204 Cr	115,181
SJS Enterprises Ltd (Consumer Cyclical) Equity, Since 31 May 26 \| SJS	4%	₹202 Cr	846,282 ↑ 97,566
Shaily Engineering Plastics Ltd (Basic Materials) Equity, Since 30 Apr 26 \| 501423	4%	₹202 Cr	660,054 ↑ 132,936
One97 Communications Ltd (Technology) Equity, Since 30 Jun 25 \| PAYTM	4%	₹199 Cr	1,478,714
Jain Resource Recycling Ltd (Basic Materials) Equity, Since 31 Oct 25 \| JAINREC	4%	₹193 Cr	5,555,452 ↑ 555,452
Zen Technologies Ltd (Industrials) Equity, Since 31 Dec 24 \| ZENTEC	4%	₹193 Cr	1,190,000 ↓ -24,938
Ather Energy Ltd (Consumer Cyclical) Equity, Since 31 Oct 25 \| ATHERENERG	4%	₹189 Cr	1,500,000 ↓ -490,789
Apar Industries Ltd (Industrials) Equity, Since 31 Dec 23 \| APARINDS	4%	₹187 Cr	130,439

3. 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 (₹242 Cr).
Established history (18+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 12.72% (upper mid).
3Y return: 15.65% (upper mid).
1Y return: 7.56% (upper mid).
Alpha: 5.40 (upper mid).
Sharpe: 0.22 (lower mid).
Information ratio: 0.70 (top quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding HDFC Bank Ltd (~3.0%).

Below is the key information for JM Tax Gain Fund

JM Tax Gain Fund Growth
Launch Date	31 Mar 08
NAV (23 Sep 26)	₹52.8186 ↑ 0.29 (0.55 %)
Net Assets (Cr)	₹242 on 31 Jul 26
Category	Equity - ELSS
AMC	JM Financial Asset Management Limited
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.37
Sharpe Ratio	0.22
Information Ratio	0.7
Alpha Ratio	5.4
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	₹10,313
31 Aug 23	₹12,320
31 Aug 24	₹18,843
31 Aug 25	₹17,349
31 Aug 26	₹19,198

JM Tax Gain 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 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 14 Jan 22

Duration	Returns
1 Month	-0.4%
3 Month	6.6%
6 Month	25.3%
1 Year	7.6%
3 Year	15.7%
5 Year	12.7%
10 Year
15 Year
Since launch	9.4%

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	1.83 Yr.
Asit Bhandarkar	31 Dec 21	4.59 Yr.
Ruchi Fozdar	4 Oct 24	1.82 Yr.
Deepak Gupta	11 Apr 25	1.31 Yr.

Data below for JM Tax Gain Fund as on 31 Jul 26

Equity Sector Allocation

Sector	Value
Financial Services	26.55%
Consumer Cyclical	22.02%
Technology	12.01%
Basic Materials	7.84%
Health Care	7.73%
Industrials	7.47%
Real Estate	3.92%
Consumer Defensive	3.63%
Energy	2.88%
Communication Services	2.68%
Utility	1.47%

Asset Allocation

Asset Class	Value
Cash	1.79%
Equity	98.21%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 11 \| HDFCBANK	3%	₹7 Cr	98,262
Syrma SGS Technology Ltd (Technology) Equity, Since 31 May 25 \| SYRMA	3%	₹7 Cr	52,357 ↓ -7,100
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 \| 590003	3%	₹7 Cr	199,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 24 \| BHARTIARTL	3%	₹6 Cr	32,950
One97 Communications Ltd (Technology) Equity, Since 31 May 25 \| PAYTM	3%	₹6 Cr	47,371
Wework India Management Ltd (Real Estate) Equity, Since 31 Oct 25 \| WEWORK	3%	₹6 Cr	83,621
United Spirits Ltd (Consumer Defensive) Equity, Since 31 Aug 25 \| UNITDSPR	2%	₹6 Cr	37,100
CarTrade Tech Ltd (Consumer Cyclical) Equity, Since 30 Sep 25 \| 543333	2%	₹6 Cr	20,655

4. 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% (upper mid).
3Y return: 16.70% (upper mid).
1Y return: 17.56% (top quartile).
Alpha: 5.69 (upper mid).
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

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 14 Jan 22

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

5. 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

Lower mid AUM (₹4,747 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 10.95% (lower mid).
3Y return: 12.33% (lower mid).
1Y return: 5.33% (lower mid).
Alpha: 6.01 (top quartile).
Sharpe: 0.40 (upper mid).
Information ratio: 0.18 (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 (23 Sep 26)	₹47.0507 ↑ 0.40 (0.85 %)
Net Assets (Cr)	₹4,747 on 31 Aug 26
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.83
Sharpe Ratio	0.4
Information Ratio	0.18
Alpha Ratio	6.01
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 ₹395,578.
Net Profit of ₹95,578 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 14 Jan 22

Duration	Returns
1 Month	-2%
3 Month	2.5%
6 Month	15.5%
1 Year	5.3%
3 Year	12.3%
5 Year	10.9%
10 Year
15 Year
Since launch	13.8%

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	4.63 Yr.

Data below for Tata India Tax Savings Fund as on 31 Aug 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

6. Nippon India Tax Saver Fund (ELSS)

The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. However, there can be no assurance that the scheme’s investment objective shall be achieved.

Research Highlights for Nippon India Tax Saver Fund (ELSS)

Highest AUM (₹14,718 Cr).
Established history (21+ yrs).
Rating: 3★ (upper mid).
Risk profile: Moderately High.
5Y return: 10.75% (lower mid).
3Y return: 11.78% (lower mid).
1Y return: -0.58% (bottom quartile).
Alpha: -1.34 (bottom quartile).
Sharpe: -0.02 (bottom quartile).
Information ratio: 0.10 (upper mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding ICICI Bank Ltd (~7.7%).

Below is the key information for Nippon India Tax Saver Fund (ELSS)

Nippon India Tax Saver Fund (ELSS) Growth
Launch Date	21 Sep 05
NAV (23 Sep 26)	₹129.41 ↑ 0.76 (0.59 %)
Net Assets (Cr)	₹14,718 on 31 Aug 26
Category	Equity - ELSS
AMC	Nippon Life Asset Management Ltd.
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.7
Sharpe Ratio	-0.02
Information Ratio	0.1
Alpha Ratio	-1.34
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	₹10,607
31 Aug 23	₹12,138
31 Aug 24	₹17,507
31 Aug 25	₹16,750
31 Aug 26	₹17,436

Nippon India Tax Saver Fund (ELSS) SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 Invest Now

Returns for Nippon India Tax Saver 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 14 Jan 22

Duration	Returns
1 Month	-1.6%
3 Month	-1%
6 Month	10%
1 Year	-0.6%
3 Year	11.8%
5 Year	10.8%
10 Year
15 Year
Since launch	13%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	6%
2023	17.6%
2022	28.6%
2021	6.9%
2020	37.6%
2019	-0.4%
2018	1.5%
2017	-20.7%
2016	46%
2015	4.2%

Fund Manager information for Nippon India Tax Saver Fund (ELSS)

Name	Since	Tenure
Rupesh Patel	1 Jul 21	5.17 Yr.
Ritesh Rathod	19 Aug 24	2.03 Yr.
Kinjal Desai	25 May 18	8.27 Yr.
Amber Singhania	11 Mar 26	0.47 Yr.

Data below for Nippon India Tax Saver Fund (ELSS) as on 31 Aug 26

Equity Sector Allocation

Sector	Value
Financial Services	34.01%
Consumer Cyclical	15.53%
Industrials	9.3%
Consumer Defensive	9.04%
Health Care	7.51%
Utility	6.91%
Energy	4.87%
Communication Services	4.8%
Technology	4.11%
Basic Materials	2.5%

Asset Allocation

Asset Class	Value
Cash	1.42%
Equity	98.58%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 28 Feb 15 \| ICICIBANK	8%	₹1,148 Cr	8,000,000
HDFC Bank Ltd (Financial Services) Equity, Since 29 Feb 20 \| HDFCBANK	6%	₹913 Cr	12,200,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 20 \| 532215	4%	₹578 Cr	4,700,000
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| MOTHERSON	4%	₹528 Cr	35,000,000
State Bank of India (Financial Services) Equity, Since 31 Dec 13 \| SBIN	3%	₹503 Cr	4,900,000
NTPC Ltd (Utilities) Equity, Since 28 Feb 19 \| 532555	3%	₹486 Cr	14,000,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 26 \| BHARTIARTL	3%	₹452 Cr	2,290,000
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 20 \| RELIANCE	3%	₹445 Cr	3,400,000
Infosys Ltd (Technology) Equity, Since 31 Mar 20 \| INFY	3%	₹429 Cr	3,800,000
TVS Holdings Ltd (Consumer Cyclical) Equity, Since 30 Jun 13 \| 520056	3%	₹391 Cr	265,600

7. Franklin India Taxshield

The primary objective for Franklin IndiaTaxshield is to provide medium to long term growth of capital along with income tax rebate

Research Highlights for Franklin India Taxshield

Upper mid AUM (₹6,223 Cr).
Oldest track record among peers (27 yrs).
Rating: 2★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.44% (bottom quartile).
3Y return: 10.16% (bottom quartile).
1Y return: -4.90% (bottom quartile).
Alpha: -5.46 (bottom quartile).
Sharpe: -0.29 (bottom quartile).
Information ratio: -0.27 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~96%).
High-quality debt (AAA/AA ~100%).
Largest holding HDFC Bank Ltd (~7.8%).

Below is the key information for Franklin India Taxshield

Franklin India Taxshield Growth
Launch Date	10 Apr 99
NAV (23 Sep 26)	₹1,408.44 ↑ 6.09 (0.43 %)
Net Assets (Cr)	₹6,223 on 31 Aug 26
Category	Equity - ELSS
AMC	Franklin Templeton Asst Mgmt(IND)Pvt Ltd
Rating	☆☆
Risk	Moderately High
Expense Ratio	1.81
Sharpe Ratio	-0.29
Information Ratio	-0.27
Alpha Ratio	-5.46
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	₹10,757
31 Aug 23	₹12,585
31 Aug 24	₹18,396
31 Aug 25	₹17,582
31 Aug 26	₹17,564

Franklin India Taxshield SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 Invest Now

Returns for Franklin India Taxshield

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22

Duration	Returns
1 Month	-2.5%
3 Month	-0.5%
6 Month	8.5%
1 Year	-4.9%
3 Year	10.2%
5 Year	10.4%
10 Year
15 Year
Since launch	19.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	2.1%
2023	22.4%
2022	31.2%
2021	5.4%
2020	36.7%
2019	9.8%
2018	5.1%
2017	-3%
2016	29.1%
2015	4.7%

Fund Manager information for Franklin India Taxshield

Name	Since	Tenure
R. Janakiraman	2 May 16	10.34 Yr.
Rajasa Kakulavarapu	1 Dec 23	2.75 Yr.

Data below for Franklin India Taxshield as on 31 Aug 26

Equity Sector Allocation

Sector	Value
Financial Services	31.27%
Industrials	16.28%
Consumer Cyclical	9.88%
Technology	8.39%
Basic Materials	6.52%
Health Care	5.66%
Consumer Defensive	5.61%
Energy	4.12%
Utility	3.77%
Communication Services	3.35%
Real Estate	1.07%

Asset Allocation

Asset Class	Value
Cash	4.09%
Equity	95.91%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 07 \| HDFCBANK	8%	₹488 Cr	6,520,834
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 18 \| ICICIBANK	8%	₹473 Cr	3,297,903
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 14 \| 532215	5%	₹305 Cr	2,477,634
State Bank of India (Financial Services) Equity, Since 31 Aug 15 \| SBIN	5%	₹291 Cr	2,833,344
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Dec 19 \| LT	5%	₹283 Cr	717,322
Eternal Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| ETERNAL	4%	₹227 Cr	7,499,624 ↓ -376
Infosys Ltd (Technology) Equity, Since 29 Feb 12 \| INFY	3%	₹216 Cr	1,911,441
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 07 \| BHARTIARTL	3%	₹209 Cr	1,060,541
HCL Technologies Ltd (Technology) Equity, Since 31 Oct 21 \| HCLTECH	3%	₹204 Cr	1,512,587
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 30 Nov 17 \| KOTAKBANK	3%	₹194 Cr	4,981,055

8. Kotak Tax Saver Fund

The investment objective of the scheme is to generate longterm capital appreciation from a diversified portfolio of equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.

Research Highlights for Kotak Tax Saver Fund

Top quartile AUM (₹6,384 Cr).
Established history (20+ yrs).
Rating: 3★ (lower mid).
Risk profile: Moderately High.
5Y return: 10.43% (bottom quartile).
3Y return: 10.27% (bottom quartile).
1Y return: 0.32% (lower mid).
Alpha: 0.24 (lower mid).
Sharpe: 0.08 (lower mid).
Information ratio: -0.26 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding HDFC Bank Ltd (~7.1%).

Below is the key information for Kotak Tax Saver Fund

Kotak Tax Saver Fund Growth
Launch Date	23 Nov 05
NAV (23 Sep 26)	₹116.742 ↑ 0.52 (0.44 %)
Net Assets (Cr)	₹6,384 on 31 Aug 26
Category	Equity - ELSS
AMC	Kotak Mahindra Asset Management Co Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	1.76
Sharpe Ratio	0.08
Information Ratio	-0.26
Alpha Ratio	0.24
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	₹10,707
31 Aug 23	₹12,369
31 Aug 24	₹17,165
31 Aug 25	₹16,222
31 Aug 26	₹17,127

Kotak Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹395,578.
Net Profit of ₹95,578 Invest Now

Returns for Kotak 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 14 Jan 22

Duration	Returns
1 Month	-1.8%
3 Month	1.8%
6 Month	13.4%
1 Year	0.3%
3 Year	10.3%
5 Year	10.4%
10 Year
15 Year
Since launch	12.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	1.8%
2023	21.8%
2022	23.6%
2021	6.9%
2020	33.2%
2019	14.9%
2018	12.7%
2017	-3.8%
2016	33.8%
2015	7.5%

Fund Manager information for Kotak Tax Saver Fund

Name	Since	Tenure
Harsha Upadhyaya	25 Aug 15	10.94 Yr.

Data below for Kotak Tax Saver Fund as on 31 Aug 26

Equity Sector Allocation

Sector	Value
Financial Services	31.83%
Consumer Cyclical	14.18%
Industrials	12.53%
Basic Materials	8.1%
Health Care	7.84%
Technology	6.6%
Energy	6.01%
Communication Services	4.64%
Utility	4.24%
Consumer Defensive	3.51%

Asset Allocation

Asset Class	Value
Cash	0.52%
Equity	99.48%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| HDFCBANK	7%	₹449 Cr	6,000,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	5%	₹330 Cr	2,300,000
State Bank of India (Financial Services) Equity, Since 28 Feb 21 \| SBIN	5%	₹324 Cr	3,150,000
Bharti Airtel Ltd (Communication Services) Equity, Since 28 Feb 21 \| BHARTIARTL	4%	₹240 Cr	1,215,714
Tech Mahindra Ltd (Technology) Equity, Since 31 Aug 23 \| 532755	3%	₹198 Cr	1,200,000
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Jul 24 \| ETERNAL	3%	₹181 Cr	6,000,000
NTPC Ltd (Utilities) Equity, Since 30 Sep 22 \| 532555	3%	₹181 Cr	5,200,000
Bajaj Finance Ltd (Financial Services) Equity, Since 31 Jan 25 \| 500034	3%	₹180 Cr	1,575,000
Hero MotoCorp Ltd (Consumer Cyclical) Equity, Since 31 Jan 24 \| HEROMOTOCO	3%	₹162 Cr	300,000
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 30 Sep 21 \| SUNPHARMA	3%	₹159 Cr	800,000

ELSS SIP Calculator

Know Your SIP Returns

Total investment amount is ₹720,000
expected amount after 5 Years is ₹1,074,189.
Net Profit of ₹354,189 Invest Now

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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.