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4 Best Tax Saving ELSS Mutual Funds FY 25 - 26
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 25 - 26
- 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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Top 4 Best performing Tax Saving ELSS Mutual Funds
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 generate long term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments. The Scheme does not guarantee or assure any returns. Research Highlights for Mirae Asset Tax Saver Fund Below is the key information for Mirae Asset Tax Saver Fund Returns up to 1 year are on 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 ₹906.69
↓ -9.07 ₹14,661 2.2 4.5 2 15.4 20.6 16.4 19 Canara Robeco Equity Tax Saver Growth ₹171.23
↓ -1.53 ₹9,103 3.3 4 0.4 14.1 19.7 17.5 18.8 BOI AXA Tax Advantage Fund Growth ₹153.77
↓ -2.15 ₹1,432 3.6 0.6 -8.6 16.8 21.6 21.6 18.1 Mirae Asset Tax Saver Fund Growth ₹47.556
↓ -0.49 ₹26,537 4.3 5.7 1.8 15.7 21.2 17.2 17.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Aug 25 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 Mirae Asset Tax Saver Fund Point 1 Upper mid AUM (₹14,661 Cr). Lower mid AUM (₹9,103 Cr). Bottom quartile AUM (₹1,432 Cr). Highest AUM (₹26,537 Cr). Point 2 Oldest track record among peers (25 yrs). Established history (16+ yrs). Established history (16+ yrs). Established history (9+ yrs). Point 3 Rating: 2★ (upper mid). Rating: 1★ (lower mid). Top rated. Not Rated. Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 20.64% (lower mid). 5Y return: 19.72% (bottom quartile). 5Y return: 21.55% (top quartile). 5Y return: 21.24% (upper mid). Point 6 3Y return: 15.38% (lower mid). 3Y return: 14.10% (bottom quartile). 3Y return: 16.79% (top quartile). 3Y return: 15.68% (upper mid). Point 7 1Y return: 2.04% (top quartile). 1Y return: 0.40% (lower mid). 1Y return: -8.62% (bottom quartile). 1Y return: 1.82% (upper mid). Point 8 Alpha: 3.26 (top quartile). Alpha: 1.12 (lower mid). Alpha: -9.32 (bottom quartile). Alpha: 1.72 (upper mid). Point 9 Sharpe: 0.23 (top quartile). Sharpe: 0.05 (lower mid). Sharpe: -0.47 (bottom quartile). Sharpe: 0.12 (upper mid). Point 10 Information ratio: -0.32 (upper mid). Information ratio: -0.50 (bottom quartile). Information ratio: 0.31 (top quartile). Information ratio: -0.36 (lower mid). ICICI Prudential Long Term Equity Fund (Tax Saving)
Canara Robeco Equity Tax Saver
BOI AXA Tax Advantage Fund
Mirae Asset Tax Saver Fund
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 (08 Aug 25) ₹906.69 ↓ -9.07 (-0.99 %) Net Assets (Cr) ₹14,661 on 30 Jun 25 Category Equity - ELSS AMC ICICI Prudential Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.87 Sharpe Ratio 0.23 Information Ratio -0.32 Alpha Ratio 3.26 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹15,559 31 Jul 22 ₹16,656 31 Jul 23 ₹19,235 31 Jul 24 ₹25,933 31 Jul 25 ₹26,480 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 8 Aug 25 Duration Returns 1 Month -2.9% 3 Month 2.2% 6 Month 4.5% 1 Year 2% 3 Year 15.4% 5 Year 20.6% Since launch 19% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2024 16.4% 2023 23.2% 2022 2.3% 2021 33.7% 2020 13.6% 2019 8.8% 2018 0.5% 2017 26% 2016 3.9% 2015 4.3% Fund Manager information for ICICI Prudential Long Term Equity Fund (Tax Saving)
Name Since Tenure Mittul Kalawadia 18 Sep 23 1.87 Yr. Sharmila D’mello 31 Jul 22 3 Yr. Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 30 Jun 25
Equity Sector Allocation
Sector Value Financial Services 30.08% Consumer Cyclical 16.61% Health Care 12.05% Industrials 8.76% Consumer Defensive 6.39% Energy 5.69% Communication Services 5.42% Utility 4.12% Basic Materials 3.9% Technology 3.75% Real Estate 1.21% Asset Allocation
Asset Class Value Cash 2.02% Equity 97.98% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5321748% ₹1,237 Cr 8,555,530
↓ -696,883 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | HDFCBANK7% ₹1,036 Cr 5,173,934 Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 17 | SUNPHARMA6% ₹822 Cr 4,905,969
↑ 95,103 Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 29 Feb 20 | 5403765% ₹747 Cr 1,708,453
↓ -13,825 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322155% ₹720 Cr 6,002,223 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI5% ₹677 Cr 545,897 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL4% ₹623 Cr 3,100,000
↓ -489,160 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 18 | LT4% ₹601 Cr 1,638,689 Reliance Industries Ltd (Energy)
Equity, Since 31 May 20 | RELIANCE4% ₹584 Cr 3,889,789
↑ 275,495 NTPC Ltd (Utilities)
Equity, Since 31 Oct 23 | 5325554% ₹564 Cr 16,848,196
↑ 1,064,064 2. Canara Robeco Equity Tax Saver
Canara Robeco Equity Tax Saver
Growth Launch Date 2 Feb 09 NAV (08 Aug 25) ₹171.23 ↓ -1.53 (-0.89 %) Net Assets (Cr) ₹9,103 on 30 Jun 25 Category Equity - ELSS AMC Canara Robeco Asset Management Co. Ltd. Rating ☆ Risk Moderately High Expense Ratio 1.74 Sharpe Ratio 0.05 Information Ratio -0.5 Alpha Ratio 1.12 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹15,677 31 Jul 22 ₹16,550 31 Jul 23 ₹19,001 31 Jul 24 ₹25,794 31 Jul 25 ₹25,550 Returns for Canara Robeco Equity Tax Saver
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25 Duration Returns 1 Month -3.9% 3 Month 3.3% 6 Month 4% 1 Year 0.4% 3 Year 14.1% 5 Year 19.7% Since launch 18.8% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2024 17.5% 2023 23.7% 2022 -0.2% 2021 35.1% 2020 27.4% 2019 10.7% 2018 2.7% 2017 32% 2016 0% 2015 0.6% Fund Manager information for Canara Robeco Equity Tax Saver
Name Since Tenure Vishal Mishra 26 Jun 21 4.1 Yr. Shridatta Bhandwaldar 1 Oct 19 5.84 Yr. Data below for Canara Robeco Equity Tax Saver as on 30 Jun 25
Equity Sector Allocation
Sector Value Financial Services 28.98% Consumer Cyclical 14.71% Industrials 11.95% Technology 7.73% Health Care 6.97% Energy 5.77% Consumer Defensive 5.74% Basic Materials 5.7% Communication Services 3.64% Utility 3.61% Real Estate 1.75% Asset Allocation
Asset Class Value Cash 3.46% Equity 96.54% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK8% ₹703 Cr 3,512,584 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5321747% ₹631 Cr 4,361,000 Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE4% ₹366 Cr 2,437,000 Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY4% ₹343 Cr 2,141,310
↑ 30,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL3% ₹298 Cr 1,485,000
↓ -90,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT3% ₹247 Cr 674,369 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹232 Cr 2,825,000
↑ 300,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 5000342% ₹225 Cr 2,404,500
↑ 1,908,600 Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 5322152% ₹210 Cr 1,753,000
↑ 200,000 GE Vernova T&D India Ltd (Industrials)
Equity, Since 29 Feb 24 | 5222752% ₹181 Cr 766,065
↓ -58,142 3. BOI AXA Tax Advantage Fund
BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (08 Aug 25) ₹153.77 ↓ -2.15 (-1.38 %) Net Assets (Cr) ₹1,432 on 30 Jun 25 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.37 Sharpe Ratio -0.47 Information Ratio 0.31 Alpha Ratio -9.32 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹16,968 31 Jul 22 ₹16,845 31 Jul 23 ₹20,589 31 Jul 24 ₹31,712 31 Jul 25 ₹28,469 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25 Duration Returns 1 Month -5.2% 3 Month 3.6% 6 Month 0.6% 1 Year -8.6% 3 Year 16.8% 5 Year 21.6% Since launch 18.1% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2024 21.6% 2023 34.8% 2022 -1.3% 2021 41.5% 2020 31.2% 2019 14.6% 2018 -16.3% 2017 57.7% 2016 -1.2% 2015 2.1% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Alok Singh 27 Apr 22 3.26 Yr. Data below for BOI AXA Tax Advantage Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Financial Services 24.17% Industrials 19.3% Basic Materials 15.95% Utility 8.02% Technology 8.02% Consumer Defensive 6.1% Consumer Cyclical 5.59% Real Estate 2.89% Health Care 2.62% Communication Services 2.61% Energy 1.42% Asset Allocation
Asset Class Value Cash 3.29% Equity 96.7% Debt 0.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 5002955% ₹65 Cr 1,412,000 Coforge Ltd (Technology)
Equity, Since 30 Jun 23 | COFORGE4% ₹63 Cr 328,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹54 Cr 664,000
↓ -175,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL4% ₹51 Cr 105,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK3% ₹44 Cr 218,766
↓ -66,234 Coromandel International Ltd (Basic Materials)
Equity, Since 31 Jan 23 | 5063953% ₹39 Cr 157,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 24 | BHARTIARTL3% ₹37 Cr 186,000 Acutaas Chemicals Ltd (Basic Materials)
Equity, Since 31 May 24 | 5433493% ₹36 Cr 317,800 Prudent Corporate Advisory Services Ltd (Financial Services)
Equity, Since 31 Oct 23 | 5435273% ₹36 Cr 132,407 Ambuja Cements Ltd (Basic Materials)
Equity, Since 31 Mar 25 | 5004252% ₹34 Cr 586,000 4. Mirae Asset Tax Saver Fund
Mirae Asset Tax Saver Fund
Growth Launch Date 28 Dec 15 NAV (08 Aug 25) ₹47.556 ↓ -0.49 (-1.01 %) Net Assets (Cr) ₹26,537 on 30 Jun 25 Category Equity - ELSS AMC Mirae Asset Global Inv (India) Pvt. Ltd Rating Risk Moderately High Expense Ratio 1.12 Sharpe Ratio 0.12 Information Ratio -0.36 Alpha Ratio 1.72 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 31 Jul 20 ₹10,000 31 Jul 21 ₹16,152 31 Jul 22 ₹16,953 31 Jul 23 ₹19,841 31 Jul 24 ₹27,160 31 Jul 25 ₹27,351 Returns for Mirae Asset Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25 Duration Returns 1 Month -3.9% 3 Month 4.3% 6 Month 5.7% 1 Year 1.8% 3 Year 15.7% 5 Year 21.2% Since launch 17.6% 10 Year 15 Year Historical performance (Yearly) on absolute basis
Year Returns 2024 17.2% 2023 27% 2022 0.1% 2021 35.3% 2020 21.5% 2019 14.1% 2018 -2.3% 2017 47.9% 2016 14.8% 2015 Fund Manager information for Mirae Asset Tax Saver Fund
Name Since Tenure Neelesh Surana 28 Dec 15 9.6 Yr. Data below for Mirae Asset Tax Saver Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Financial Services 32.01% Consumer Cyclical 14.87% Health Care 9.82% Industrials 8.76% Technology 8.74% Basic Materials 7.32% Energy 4.44% Consumer Defensive 4.36% Utility 3.21% Communication Services 2.47% Real Estate 1.32% Asset Allocation
Asset Class Value Cash 2.68% Equity 97.32% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹2,486 Cr 12,421,752 Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 5322155% ₹1,254 Cr 10,456,860
↓ -904,706 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | 5321744% ₹1,060 Cr 7,331,929
↓ -300,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN4% ₹1,004 Cr 12,244,323 Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY4% ₹981 Cr 6,122,785 Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE3% ₹862 Cr 5,744,299
↓ -285,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS3% ₹805 Cr 2,325,631 ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC3% ₹768 Cr 18,447,413 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT2% ₹605 Cr 1,649,526
↓ -187,000 Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Dec 15 | MARUTI2% ₹519 Cr 418,746
↑ 65,139
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)