+91-22-489139094 Best Tax Saving ELSS Mutual Funds FY 26 - 27
ELSS (Equity Linked Saving Scheme) is one of the best tax-saving options that help you save a lot of money on income tax along with earning capital appreciation on investments.
Tax Saving ELSS funds allow tax exemptions up to INR 1,50,000 under Section 80C of the Income Tax Act. Therefore, by Investing in these tax saving Mutual Funds, even the investors in the highest tax bracket of 30% can avail tax exemptions of around INR 46,000 for a particular financial year along with earning good returns.
ELSS are market-linked investments, you are suggested to carry out investments in these funds wisely so as to avert long-term losses and risks.
Benefits of Investing in ELSS Funds FY 26 - 27
- ELSS mutual funds provide tax exemptions up to INR 1,50,000.
- The returns are much higher than the returns offered by other Tax Saving Investment options.
- ELSS have the shortest lock-in period of 3 years, which is comparatively much less than other tax saving investments.
- ELSS funds offer an option to invest via SIP, so the investors can easily manage their ELSS investment by investing small amounts monthly.
All the above-mentioned factors make ELSS one of the best tax saving options.
If you are planning to invest, then SIP (Systematic Investment plan) is one of the best ways to invest money in ELSS. The regular investment habit keeps your Portfolio disciplined and balanced. Also, the hassle of arranging money for a lump sum at the last moment of the tax calendar is eliminated. In SIP, you can fix the investment amount, which can be as low as Rs. 500, and a date where your money will be auto-deducted from your Bank account to ELSS funds.
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Fund Selection Methodology used to find 4 funds
Top 4 Best performing Tax Saving ELSS Mutual Funds
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) Since launch (%) ICICI Prudential Long Term Equity Fund (Tax Saving) Growth ₹922.14
↓ -4.90 ₹14,769 -4.6 -0.7 9 15.1 14.8 9.9 18.7 Canara Robeco Equity Tax Saver Growth ₹172.34
↓ -0.87 ₹9,022 -4 -2.5 5.9 14.1 13.5 5.3 18.3 BOI AXA Tax Advantage Fund Growth ₹154.4
↓ -0.75 ₹1,402 -4.1 -5.3 -1.1 15.3 15.4 -3.5 17.6 Bandhan Tax Advantage (ELSS) Fund Growth ₹151.645
↓ -0.61 ₹7,333 -2.9 -0.6 7.2 14.3 17 8 17.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Jan 26 Research Highlights & Commentary of 4 Funds showcased
Commentary ICICI Prudential Long Term Equity Fund (Tax Saving) Canara Robeco Equity Tax Saver BOI AXA Tax Advantage Fund Bandhan Tax Advantage (ELSS) Fund Point 1 Highest AUM (₹14,769 Cr). Upper mid AUM (₹9,022 Cr). Bottom quartile AUM (₹1,402 Cr). Lower mid AUM (₹7,333 Cr). Point 2 Oldest track record among peers (26 yrs). Established history (16+ yrs). Established history (16+ yrs). Established history (17+ yrs). Point 3 Rating: 2★ (lower mid). Rating: 1★ (bottom quartile). Rating: 3★ (upper mid). Top rated. Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 14.78% (lower mid). 5Y return: 13.54% (bottom quartile). 5Y return: 15.43% (upper mid). 5Y return: 16.95% (top quartile). Point 6 3Y return: 15.13% (upper mid). 3Y return: 14.11% (bottom quartile). 3Y return: 15.26% (top quartile). 3Y return: 14.32% (lower mid). Point 7 1Y return: 8.96% (top quartile). 1Y return: 5.85% (lower mid). 1Y return: -1.08% (bottom quartile). 1Y return: 7.22% (upper mid). Point 8 Alpha: 2.20 (top quartile). Alpha: -2.22 (lower mid). Alpha: -10.85 (bottom quartile). Alpha: 0.45 (upper mid). Point 9 Sharpe: 0.36 (top quartile). Sharpe: 0.01 (lower mid). Sharpe: -0.36 (bottom quartile). Sharpe: 0.21 (upper mid). Point 10 Information ratio: -0.08 (upper mid). Information ratio: -0.47 (bottom quartile). Information ratio: 0.01 (top quartile). Information ratio: -0.08 (lower mid). ICICI Prudential Long Term Equity Fund (Tax Saving)
Canara Robeco Equity Tax Saver
BOI AXA Tax Advantage Fund
Bandhan Tax Advantage (ELSS) Fund
*Above is the list of Best elss Mutual Funds having Net Assets above To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies. Below is the key information for ICICI Prudential Long Term Equity Fund (Tax Saving) Returns up to 1 year are on (ELSS Scheme) Seeking to provide long term capital appreciation by predominantly investing in equities and to facilitate the subscribers to seek tax benefits as provided under Section 80 C of the Income Tax Act, 1961. However, there can be no assurance that the investment objective of
the scheme will be realized. Research Highlights for Canara Robeco Equity Tax Saver Below is the key information for Canara Robeco Equity Tax Saver Returns up to 1 year are on 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 Below is the key information for BOI AXA Tax Advantage Fund Returns up to 1 year are on 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 Below is the key information for Bandhan Tax Advantage (ELSS) Fund Returns up to 1 year are on 100 Crore sorted on annualized returns since launch / inception.
1. ICICI Prudential Long Term Equity Fund (Tax Saving)
ICICI Prudential Long Term Equity Fund (Tax Saving)
Growth Launch Date 19 Aug 99 NAV (21 Jan 26) ₹922.14 ↓ -4.90 (-0.53 %) Net Assets (Cr) ₹14,769 on 31 Dec 25 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.72 Sharpe Ratio 0.36 Information Ratio -0.08 Alpha Ratio 2.2 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹13,373 31 Dec 22 ₹13,683 31 Dec 23 ₹16,863 31 Dec 24 ₹19,635 31 Dec 25 ₹21,582 Returns for ICICI Prudential Long Term Equity Fund (Tax Saving)
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 26 Duration Returns 1 Month -3.8% 3 Month -4.6% 6 Month -0.7% 1 Year 9% 3 Year 15.1% 5 Year 14.8% Since launch 18.7% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2024 9.9% 2023 16.4% 2022 23.2% 2021 2.3% 2020 33.7% 2019 13.6% 2018 8.8% 2017 0.5% 2016 26% 2015 3.9% Fund Manager information for ICICI Prudential Long Term Equity Fund (Tax Saving)
Name Since Tenure Mittul Kalawadia 18 Sep 23 2.29 Yr. Sharmila D’mello 31 Jul 22 3.42 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 28.28% Consumer Cyclical 17.28% Health Care 12.05% Industrials 8.3% Energy 7.54% Consumer Defensive 5.71% Basic Materials 4.77% Technology 4.36% Utility 4.17% Communication Services 4.01% Real Estate 1.43% Asset Allocation
Asset Class Value Cash 1.97% Equity 97.99% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5321748% ₹1,124 Cr 8,371,978 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | HDFCBANK7% ₹1,026 Cr 10,347,868 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 17 | SUNPHARMA6% ₹878 Cr 5,105,969 Reliance Industries Ltd (Energy)
Equity, Since 31 May 20 | RELIANCE6% ₹866 Cr 5,513,578 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322156% ₹828 Cr 6,522,478 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 18 | LT5% ₹669 Cr 1,638,689 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 29 Feb 20 | 5403764% ₹637 Cr 1,683,535 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI4% ₹621 Cr 371,642
↓ -10,000 NTPC Ltd (Utilities)
Equity, Since 31 Oct 23 | 5325554% ₹596 Cr 18,088,290 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 31 Dec 22 | 5323434% ₹583 Cr 1,567,366 2. Canara Robeco Equity Tax Saver
Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (21 Jan 26) ₹172.34 ↓ -0.87 (-0.50 %) Net Assets (Cr) ₹9,022 on 31 Dec 25 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 1.69 Sharpe Ratio 0.01 Information Ratio -0.47 Alpha Ratio -2.22 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹13,513 31 Dec 22 ₹13,490 31 Dec 23 ₹16,687 31 Dec 24 ₹19,608 31 Dec 25 ₹20,639 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 26 Duration Returns 1 Month -3.5% 3 Month -4% 6 Month -2.5% 1 Year 5.9% 3 Year 14.1% 5 Year 13.5% Since launch 18.3% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2024 5.3% 2023 17.5% 2022 23.7% 2021 -0.2% 2020 35.1% 2019 27.4% 2018 10.7% 2017 2.7% 2016 32% 2015 0% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 4.52 Yr. Shridatta Bhandwaldar 1 Oct 19 6.26 Yr. Data below for Canara Robeco Equity Tax Saver as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 29.55% Consumer Cyclical 14.61% Industrials 12.89% Technology 6.69% Consumer Defensive 6.3% Health Care 6.3% Energy 5.63% Basic Materials 5.45% Communication Services 4.25% Utility 2.84% Real Estate 2.46% Asset Allocation
Asset Class Value Cash 3.03% Equity 96.96% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK8% ₹706 Cr 7,125,168 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5321746% ₹579 Cr 4,311,000
↓ -50,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE4% ₹394 Cr 2,512,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY4% ₹352 Cr 2,181,159
↓ -60,151 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹307 Cr 1,460,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹295 Cr 3,000,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT3% ₹288 Cr 704,369 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000343% ₹230 Cr 2,329,500 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322152% ₹223 Cr 1,753,000 GE Vernova T&D India Ltd (Industrials)
Equity, Since 29 Feb 24 | 5222752% ₹186 Cr 594,923
↓ -103,819 3. BOI AXA Tax Advantage Fund
BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (21 Jan 26) ₹154.4 ↓ -0.75 (-0.48 %) Net Assets (Cr) ₹1,402 on 31 Dec 25 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio -0.36 Information Ratio 0.01 Alpha Ratio -10.85 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Dec 20 ₹10,000 31 Dec 21 ₹14,145 31 Dec 22 ₹13,968 31 Dec 23 ₹18,825 31 Dec 24 ₹22,891 31 Dec 25 ₹22,079 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 26 Duration Returns 1 Month -3% 3 Month -4.1% 6 Month -5.3% 1 Year -1.1% 3 Year 15.3% 5 Year 15.4% Since launch 17.6% 10 Year 15 Year 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 3.69 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 23.53% Industrials 17.78% Basic Materials 17.52% Consumer Cyclical 8.52% Utility 6.18% Consumer Defensive 6.04% Technology 5.74% Communication Services 3.53% Energy 2.52% Health Care 2% Real Estate 1.48% Asset Allocation
Asset Class Value Cash 5.18% Equity 94.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 5002956% ₹85 Cr 1,412,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN5% ₹65 Cr 664,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5321744% ₹54 Cr 405,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 24 | BHARTIARTL4% ₹49 Cr 235,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL3% ₹46 Cr 105,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 25 | ITC3% ₹45 Cr 1,120,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹43 Cr 437,532 Ambuja Cements Ltd (Basic Materials)
Equity, Since 31 Mar 25 | 5004253% ₹38 Cr 685,662 Acutaas Chemicals Ltd (Basic Materials)
Equity, Since 31 May 24 | 5433493% ₹38 Cr 221,000
↓ -29,000 HEG Ltd (Industrials)
Equity, Since 31 Dec 22 | HEG3% ₹36 Cr 580,000 4. Bandhan Tax Advantage (ELSS) Fund
Bandhan Tax Advantage (ELSS) Fund
Growth Launch Date 26 Dec 08 NAV (21 Jan 26) ₹151.645 ↓ -0.61 (-0.40 %) Net Assets (Cr) ₹7,333 on 31 Dec 25 Category Equity - ELSS AMC IDFC Asset Management Company Limited Rating ☆☆☆☆☆ Risk Moderately High Expense Ratio 1.74 Sharpe Ratio 0.21 Information Ratio -0.08 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 Dec 20 ₹10,000 31 Dec 21 ₹14,920 31 Dec 22 ₹15,547 31 Dec 23 ₹19,946 31 Dec 24 ₹22,561 31 Dec 25 ₹24,360 Returns for Bandhan Tax Advantage (ELSS) Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Jan 26 Duration Returns 1 Month -4% 3 Month -2.9% 6 Month -0.6% 1 Year 7.2% 3 Year 14.3% 5 Year 17% Since launch 17.3% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2024 8% 2023 13.1% 2022 28.3% 2021 4.2% 2020 49.2% 2019 18.7% 2018 1.9% 2017 -9.4% 2016 53.4% 2015 0.4% Fund Manager information for Bandhan Tax Advantage (ELSS) Fund
Name Since Tenure Daylynn Pinto 20 Oct 16 9.21 Yr. Ritika Behera 7 Oct 23 2.24 Yr. Gaurav Satra 10 Jun 24 1.56 Yr. Data below for Bandhan Tax Advantage (ELSS) Fund as on 31 Dec 25
Equity Sector Allocation
Sector Value Financial Services 34.22% Technology 11.26% Consumer Cyclical 9.13% Consumer Defensive 8.85% Basic Materials 7.55% Energy 7.43% Health Care 5.65% Industrials 4.16% Communication Services 2.94% Real Estate 2.03% Utility 1.84% Asset Allocation
Asset Class Value Cash 4.93% Equity 95.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Sep 14 | HDFCBANK8% ₹585 Cr 5,900,000
↑ 200,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 18 | RELIANCE7% ₹518 Cr 3,300,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 16 | 5321745% ₹363 Cr 2,700,000
↑ 200,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Oct 21 | TCS5% ₹353 Cr 1,100,000
↑ 50,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 23 | KOTAKBANK4% ₹308 Cr 1,400,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5322153% ₹241 Cr 1,900,000 State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN3% ₹226 Cr 2,300,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY3% ₹206 Cr 1,275,000
↓ -125,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 20 | BHARTIARTL2% ₹169 Cr 801,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | MARUTI2% ₹167 Cr 100,000
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.
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Research Highlights for ICICI Prudential Long Term Equity Fund (Tax Saving)