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6 Best Performing Tax Saving Mutual Funds 2025

Updated on June 29, 2025 , 3545 views

With tax season around the corner, investors who invest in ELSS always look at the funds that are performing best in the Market. Since, many investors find it difficult to choose one fund amongst so many, we are here to suggest some best performers in the ELSS category.

Investors can invest in these funds and save up to INR 1.5 lakh every year under Section 80C of income tax Act 1961. ELSS schemes have a lock-in period of minimum 3 years. Our recommended best performing tax saving Mutual Funds has been carefully shortlisted by undertaking some of the important parameters like AUM, NAV, past performances, etc.

Thus, investors can easily plan their tax savings by Investing in these funds.

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Best Performing Tax Saving Mutual Funds

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
Tata India Tax Savings Fund Growth	₹44.9796 ↑ 0.01	₹4,582	10.8	1.9	4.2	21	22.6	19.5
IDFC Tax Advantage (ELSS) Fund Growth	₹154.076 ↑ 0.18	₹6,955	10.2	4.1	2.1	20.6	26.8	13.1
L&T Tax Advantage Fund Growth	₹136.68 ↓ 0.00	₹4,129	12.6	0.1	5.3	25.9	23.4	33
Principal Tax Savings Fund Growth	₹513.61 ↓ -0.56	₹1,359	10.7	4.1	4.9	19.8	22.7	15.8
HDFC Long Term Advantage Fund Growth	₹595.168 ↑ 0.28	₹1,318	1.2	15.4	35.5	20.6	17.4
Sundaram Diversified Equity Fund Growth	₹222.871 ↓ -0.36	₹1,488	10.8	3.9	4.7	18.2	21.3	12
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 1 Jul 25

*List of TAX Saving mutual funds having net assets between 1000 Crore to 10,000 Crores.

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..

Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.1% since its launch. Ranked 1 in ELSS category. Return for 2024 was 19.5% , 2023 was 24% and 2022 was 5.9% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund Growth
Launch Date	13 Oct 14
NAV (01 Jul 25)	₹44.9796 ↑ 0.01 (0.02 %)
Net Assets (Cr)	₹4,582 on 31 May 25
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	0
Sharpe Ratio	0.3
Information Ratio	-0.16
Alpha Ratio	1.85
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Jun 20	₹10,000
30 Jun 21	₹15,382
30 Jun 22	₹15,779
30 Jun 23	₹19,459
30 Jun 24	₹26,547
30 Jun 25	₹27,936

Tata India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691 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 1 Jul 25

Duration	Returns
1 Month	3.1%
3 Month	10.8%
6 Month	1.9%
1 Year	4.2%
3 Year	21%
5 Year	22.6%
10 Year
15 Year
Since launch	15.1%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	13.3%

Fund Manager information for Tata India Tax Savings Fund

Name	Since	Tenure
Sailesh Jain	16 Dec 21	3.46 Yr.
Tejas Gutka	9 Mar 21	4.23 Yr.

Data below for Tata India Tax Savings Fund as on 31 May 25

Equity Sector Allocation

Sector	Value
Financial Services	34.16%
Consumer Cyclical	14.48%
Industrials	13.79%
Basic Materials	6.69%
Technology	6.67%
Energy	5.44%
Communication Services	4.1%
Health Care	3.25%
Utility	2.51%
Real Estate	2.5%
Consumer Defensive	0.99%

Asset Allocation

Asset Class	Value
Cash	5.4%
Equity	94.6%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	7%	₹335 Cr	1,725,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	7%	₹307 Cr	2,125,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	4%	₹192 Cr	1,350,000
Infosys Ltd (Technology) Equity, Since 30 Sep 18 \| INFY	4%	₹181 Cr	1,160,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	4%	₹177 Cr	2,175,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 19 \| BHARTIARTL	4%	₹174 Cr	940,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| AXISBANK	3%	₹155 Cr	1,300,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 16 \| LT	3%	₹129 Cr	352,147
NTPC Ltd (Utilities) Equity, Since 30 Jun 21 \| NTPC	3%	₹115 Cr	3,451,000
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 30 Nov 22 \| MOTHERSON	2%	₹104 Cr	6,800,000

2. IDFC 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.

IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18% since its launch. Ranked 3 in ELSS category. Return for 2024 was 13.1% , 2023 was 28.3% and 2022 was 4.2% .

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

IDFC Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (01 Jul 25)	₹154.076 ↑ 0.18 (0.12 %)
Net Assets (Cr)	₹6,955 on 31 May 25
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.79
Sharpe Ratio	0.04
Information Ratio	-0.26
Alpha Ratio	-2.02
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Jun 20	₹10,000
30 Jun 21	₹18,330
30 Jun 22	₹18,706
30 Jun 23	₹23,871
30 Jun 24	₹31,978
30 Jun 25	₹32,869

IDFC Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹584,107.
Net Profit of ₹284,107 Invest Now

Returns for IDFC 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 1 Jul 25

Duration	Returns
1 Month	3.1%
3 Month	10.2%
6 Month	4.1%
1 Year	2.1%
3 Year	20.6%
5 Year	26.8%
10 Year
15 Year
Since launch	18%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2015	6.9%

Fund Manager information for IDFC Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	8.62 Yr.
Ritika Behera	7 Oct 23	1.65 Yr.
Gaurav Satra	10 Jun 24	0.98 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 May 25

Equity Sector Allocation

Sector	Value
Financial Services	32.39%
Consumer Cyclical	9.66%
Basic Materials	9.11%
Technology	8.32%
Consumer Defensive	8.1%
Energy	7.66%
Health Care	6.57%
Industrials	5.94%
Communication Services	2.67%
Real Estate	1.61%
Utility	1.13%

Asset Allocation

Asset Class	Value
Cash	6.45%
Equity	93.55%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	8%	₹554 Cr	2,850,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	7%	₹469 Cr	3,300,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	6%	₹390 Cr	2,700,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| AXISBANK	5%	₹346 Cr	2,900,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 21 \| TCS	4%	₹294 Cr	850,000 ↑ 25,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	3%	₹211 Cr	1,350,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| KOTAKBANK	3%	₹207 Cr	1,000,000 ↑ 225,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹186 Cr	1,000,000
Hero MotoCorp Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| HEROMOTOCO	2%	₹151 Cr	350,000 ↑ 25,000
Jindal Steel & Power Ltd (Basic Materials) Equity, Since 31 Mar 18 \| JINDALSTEL	2%	₹142 Cr	1,500,000

3. L&T Tax Advantage Fund

To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.5% since its launch. Ranked 7 in ELSS category. Return for 2024 was 33% , 2023 was 28.4% and 2022 was -3% .

Below is the key information for L&T Tax Advantage Fund

L&T Tax Advantage Fund Growth
Launch Date	27 Feb 06
NAV (01 Jul 25)	₹136.68 ↓ 0.00 (0.00 %)
Net Assets (Cr)	₹4,129 on 31 May 25
Category	Equity - ELSS
AMC	L&T Investment Management Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.89
Sharpe Ratio	0.31
Information Ratio	0.58
Alpha Ratio	2.34
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Jun 20	₹10,000
30 Jun 21	₹15,399
30 Jun 22	₹14,532
30 Jun 23	₹18,691
30 Jun 24	₹27,170
30 Jun 25	₹28,843

L&T Tax Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹543,623.
Net Profit of ₹243,623 Invest Now

Returns for L&T 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 1 Jul 25

Duration	Returns
1 Month	3.4%
3 Month	12.6%
6 Month	0.1%
1 Year	5.3%
3 Year	25.9%
5 Year	23.4%
10 Year
15 Year
Since launch	14.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	33%
2023	28.4%
2022	-3%
2021	30.3%
2020	13.5%
2019	4.6%
2018	-8.1%
2017	42.3%
2016	8.1%
2015	2.9%

Fund Manager information for L&T Tax Advantage Fund

Name	Since	Tenure
Sonal Gupta	21 Jul 21	3.87 Yr.
Abhishek Gupta	1 Mar 24	1.25 Yr.

Data below for L&T Tax Advantage Fund as on 31 May 25

Equity Sector Allocation

Sector	Value
Financial Services	25.6%
Consumer Cyclical	19.92%
Industrials	17.66%
Technology	10.61%
Basic Materials	5.73%
Health Care	5.16%
Energy	4.29%
Consumer Defensive	3.36%
Utility	3.04%
Communication Services	2.1%
Real Estate	1.48%

Asset Allocation

Asset Class	Value
Cash	0.78%
Equity	99.22%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 06 \| HDFCBANK	5%	₹226 Cr	1,162,500
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 09 \| ICICIBANK	4%	₹167 Cr	1,155,500
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	3%	₹135 Cr	951,812
Infosys Ltd (Technology) Equity, Since 31 Mar 06 \| INFY	3%	₹121 Cr	774,900
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Jul 22 \| LT	3%	₹111 Cr	301,450
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 24 \| BHARTIARTL	2%	₹87 Cr	467,000
Shriram Finance Ltd (Financial Services) Equity, Since 30 Jun 23 \| SHRIRAMFIN	2%	₹83 Cr	1,291,500
State Bank of India (Financial Services) Equity, Since 31 Jan 19 \| SBIN	2%	₹80 Cr	984,432
Eternal Ltd (Consumer Cyclical) Equity, Since 31 Oct 23 \| 543320	2%	₹75 Cr	3,150,000
Persistent Systems Ltd (Technology) Equity, Since 31 Jul 21 \| PERSISTENT	2%	₹75 Cr	133,000

4. Principal Tax Savings Fund

To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation.

Principal Tax Savings Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16% since its launch. Ranked 8 in ELSS category. Return for 2024 was 15.8% , 2023 was 24.5% and 2022 was 4.3% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund Growth
Launch Date	31 Mar 96
NAV (01 Jul 25)	₹513.61 ↓ -0.56 (-0.11 %)
Net Assets (Cr)	₹1,359 on 31 May 25
Category	Equity - ELSS
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.26
Sharpe Ratio	0.21
Information Ratio	-0.44
Alpha Ratio	0.21
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Jun 20	₹10,000
30 Jun 21	₹15,903
30 Jun 22	₹16,303
30 Jun 23	₹20,115
30 Jun 24	₹26,606
30 Jun 25	₹28,100

Principal Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691 Invest Now

Returns for Principal 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 1 Jul 25

Duration	Returns
1 Month	2.8%
3 Month	10.7%
6 Month	4.1%
1 Year	4.9%
3 Year	19.8%
5 Year	22.7%
10 Year
15 Year
Since launch	16%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	15.8%
2023	24.5%
2022	4.3%
2021	32.1%
2020	18.9%
2019	2.5%
2018	-9.2%
2017	48.8%
2016	6.2%
2015	2.7%

Fund Manager information for Principal Tax Savings Fund

Name	Since	Tenure
Rohit Seksaria	1 Jan 22	3.42 Yr.
Bharath Subramanian	2 Jun 25	0 Yr.

Data below for Principal Tax Savings Fund as on 31 May 25

Equity Sector Allocation

Sector	Value
Financial Services	32.66%
Industrials	11.51%
Consumer Cyclical	11.42%
Health Care	7.09%
Consumer Defensive	7.05%
Basic Materials	7.03%
Technology	6.38%
Energy	5.79%
Communication Services	4.7%
Utility	1.82%

Asset Allocation

Asset Class	Value
Cash	4.52%
Equity	95.48%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 09 \| HDFCBANK	9%	₹125 Cr	644,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	8%	₹107 Cr	737,000
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 21 \| RELIANCE	5%	₹62 Cr	434,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 13 \| LT	3%	₹46 Cr	126,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 17 \| AXISBANK	3%	₹44 Cr	366,000
State Bank of India (Financial Services) Equity, Since 30 Apr 05 \| SBIN	3%	₹43 Cr	532,000
Infosys Ltd (Technology) Equity, Since 31 Jan 09 \| INFY	3%	₹43 Cr	276,000
ITC Ltd (Consumer Defensive) Equity, Since 31 Jan 23 \| ITC	3%	₹40 Cr	951,000
Force Motors Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| 500033	2%	₹30 Cr	24,000
UltraTech Cement Ltd (Basic Materials) Equity, Since 31 Jan 14 \| ULTRACEMCO	2%	₹30 Cr	27,000

5. HDFC Long Term Advantage Fund

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

HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21.4% since its launch. Ranked 23 in ELSS category. .

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 20	₹10,000
30 Jun 21	₹16,322

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 1 Jul 25

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

6. Sundaram Diversified Equity Fund

To achieve capital appreciation by investing predominantly in equities and equity-related instruments. A three-year lock-in period shall apply in line with the regulation for ELSS schemes.

Sundaram Diversified Equity Fund is a Equity - ELSS fund was launched on 22 Nov 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 16% since its launch. Ranked 14 in ELSS category. Return for 2024 was 12% , 2023 was 23.3% and 2022 was 4% .

Below is the key information for Sundaram Diversified Equity Fund

Sundaram Diversified Equity Fund Growth
Launch Date	22 Nov 99
NAV (01 Jul 25)	₹222.871 ↓ -0.36 (-0.16 %)
Net Assets (Cr)	₹1,488 on 31 May 25
Category	Equity - ELSS
AMC	Sundaram Asset Management Company Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.16
Sharpe Ratio	0.21
Information Ratio	-0.92
Alpha Ratio	0.14
Min Investment	500
Min SIP Investment	250
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Jun 20	₹10,000
30 Jun 21	₹15,643
30 Jun 22	₹15,992
30 Jun 23	₹19,762
30 Jun 24	₹25,128
30 Jun 25	₹26,505

Sundaram Diversified Equity Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033 Invest Now

Returns for Sundaram Diversified 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 1 Jul 25

Duration	Returns
1 Month	3.1%
3 Month	10.8%
6 Month	3.9%
1 Year	4.7%
3 Year	18.2%
5 Year	21.3%
10 Year
15 Year
Since launch	16%

Historical performance (Yearly) on absolute basis

Year	Returns
2024	12%
2023	23.3%
2022	4%
2021	31.5%
2020	9.9%
2019	6.2%
2018	-10.6%
2017	38.4%
2016	6.8%
2015	3.1%

Fund Manager information for Sundaram Diversified Equity Fund

Name	Since	Tenure
Rohit Seksaria	24 Feb 21	4.27 Yr.
Bharath Subramanian	2 Jun 25	0 Yr.

Data below for Sundaram Diversified Equity Fund as on 31 May 25

Equity Sector Allocation

Sector	Value
Financial Services	34.28%
Consumer Cyclical	11.4%
Industrials	10.26%
Basic Materials	7.49%
Consumer Defensive	7.35%
Health Care	7.22%
Technology	6.58%
Energy	6.18%
Communication Services	4.73%
Utility	1.89%

Asset Allocation

Asset Class	Value
Cash	2.63%
Equity	97.37%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 13 \| HDFCBANK	9%	₹141 Cr	724,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 11 \| ICICIBANK	9%	₹128 Cr	883,000
Reliance Industries Ltd (Energy) Equity, Since 30 Apr 12 \| RELIANCE	5%	₹72 Cr	504,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 May 18 \| LT	3%	₹51 Cr	138,000
Axis Bank Ltd (Financial Services) Equity, Since 31 May 18 \| AXISBANK	3%	₹50 Cr	419,000
State Bank of India (Financial Services) Equity, Since 31 Aug 20 \| SBIN	3%	₹48 Cr	595,000
Infosys Ltd (Technology) Equity, Since 30 Nov 16 \| INFY	3%	₹48 Cr	306,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 19 \| BHARTIARTL	3%	₹48 Cr	256,000
ITC Ltd (Consumer Defensive) Equity, Since 28 Feb 23 \| ITC	3%	₹44 Cr	1,046,000
UltraTech Cement Ltd (Basic Materials) Equity, Since 30 Apr 19 \| ULTRACEMCO	2%	₹36 Cr	32,000

Tax Savings in Equity Linked Saving Scheme

Let's check the tax benefits by comparing tax savings with and without ELSS:

Particulars	Tax Planning (ELSS)	No Tax Planning
Gross Total Income	8,00,000	8,00,000
Exemption from Taxation	1,50,000	Nil
Total Taxable Income	6,50,000	8,00,000
Tax to be Paid	32,500	62,500
Saved Amount	30,000	Nil

Hence, total amount saved by investing in ELSS is INR 30,000.

Benefits of Investing in Tax Saving Mutual Funds

Along with tax benefits, ELSS also offers you the following advantages:

Equity Returns

As ELSS is a combination of equity and tax saving, the money you invest grows as the stock market grows. So, investors can also earn returns from the equity market. Hence, ELSS is also an avenue for a long-term wealth creation.

SIP Benefits

Instead of investing a lump sum amount, investors can choose an easy path by investing monthly via a SIP. With a SIP, one can invest as low as INR 500, making it the most affordable tax-planning and investment avenue for the investors.

Shortest Lock-in Period

ELSS has lock-in period of 3 years, which is the shortest lock-in period among all other tax-saving instruments.

How to Invest in ELSS Funds Online?

Open Free Investment Account for Lifetime at Fincash.com.

Complete your Registration and KYC Process

Upload Documents (PAN, Aadhaar, etc.). And, You are Ready to Invest!

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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.