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4 Best Tax Saving ELSS Mutual Funds FY 25 - 26

Updated on May 16, 2025 , 10697 views

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.

Tax-Savings

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

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2024 (%)Since launch (%)
ICICI Prudential Long Term Equity Fund (Tax Saving) Growth ₹919.12
↑ 2.68
₹13,6339.55.11319.725.216.419.2
Canara Robeco Equity Tax Saver Growth ₹172.88
↑ 0.66
₹8,27710.42.810.819.124.317.519.1
BOI AXA Tax Advantage Fund Growth ₹158.68
↑ 1.94
₹1,32012.2-2.2-0.122.126.921.618.6
Mirae Asset Tax Saver Fund Growth ₹47.574
↑ 0.13
₹23,94511.14.711.619.226.517.218.1
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 May 25
*Above is the list of Best elss Mutual Funds having Net Assets above 100 Crore sorted on annualized returns since launch / inception.

1. ICICI Prudential Long Term Equity Fund (Tax Saving)

To generate long-term capital appreciation through investments made primarily in equity and equity related securities of companies.

ICICI Prudential Long Term Equity Fund (Tax Saving) is a Equity - ELSS fund was launched on 19 Aug 99. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 19.2% since its launch.  Ranked 30 in ELSS category.  Return for 2024 was 16.4% , 2023 was 23.2% and 2022 was 2.3% .

Below is the key information for ICICI Prudential Long Term Equity Fund (Tax Saving)

ICICI Prudential Long Term Equity Fund (Tax Saving)
Growth
Launch Date 19 Aug 99
NAV (16 May 25) ₹919.12 ↑ 2.68   (0.29 %)
Net Assets (Cr) ₹13,633 on 31 Mar 25
Category Equity - ELSS
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.87
Sharpe Ratio 0.16
Information Ratio -0.14
Alpha Ratio 1.94
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 20₹10,000
30 Apr 21₹15,261
30 Apr 22₹18,318
30 Apr 23₹18,958
30 Apr 24₹26,015
30 Apr 25₹28,483

ICICI Prudential Long Term Equity Fund (Tax Saving) SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹570,326.
Net Profit of ₹270,326
Invest Now

Returns for ICICI Prudential Long Term Equity Fund (Tax Saving)

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 May 25

DurationReturns
1 Month 5.4%
3 Month 9.5%
6 Month 5.1%
1 Year 13%
3 Year 19.7%
5 Year 25.2%
Since launch 19.2%
10 Year
15 Year
Historical performance (Yearly) on absolute basis
YearReturns
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)
NameSinceTenure
Mittul Kalawadia18 Sep 231.62 Yr.
Sharmila D’mello31 Jul 222.75 Yr.

Data below for ICICI Prudential Long Term Equity Fund (Tax Saving) as on 31 Mar 25

Equity Sector Allocation
SectorValue
Financial Services32.1%
Consumer Cyclical15.25%
Health Care11.67%
Industrials7.89%
Consumer Defensive6.61%
Communication Services6.12%
Energy5.48%
Utility4.01%
Basic Materials3.77%
Technology3.42%
Real Estate0.74%
Asset Allocation
Asset ClassValue
Cash2.93%
Equity97.07%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | ICICIBANK
10%₹1,337 Cr9,918,908
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 17 | HDFCBANK
8%₹1,099 Cr6,013,803
↓ -133,517
Avenue Supermarts Ltd (Consumer Defensive)
Equity, Since 29 Feb 20 | 540376
5%₹732 Cr1,792,278
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 17 | BHARTIARTL
5%₹672 Cr3,876,262
↓ -174,449
Sun Pharmaceuticals Industries Ltd (Healthcare)
Equity, Since 31 May 17 | SUNPHARMA
5%₹667 Cr3,843,010
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 28 Feb 18 | MARUTI
5%₹649 Cr563,232
↑ 38,663
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
4%₹613 Cr5,558,385
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Oct 18 | LT
4%₹572 Cr1,638,689
NTPC Ltd (Utilities)
Equity, Since 31 Oct 23 | 532555
4%₹518 Cr14,492,546
↑ 678,273
Reliance Industries Ltd (Energy)
Equity, Since 31 May 20 | RELIANCE
4%₹478 Cr3,750,000

2. Canara Robeco Equity Tax Saver

(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.

Canara Robeco Equity Tax Saver is a Equity - ELSS fund was launched on 2 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 19.1% since its launch.  Ranked 36 in ELSS category.  Return for 2024 was 17.5% , 2023 was 23.7% and 2022 was -0.2% .

Below is the key information for Canara Robeco Equity Tax Saver

Canara Robeco Equity Tax Saver
Growth
Launch Date 2 Feb 09
NAV (16 May 25) ₹172.88 ↑ 0.66   (0.38 %)
Net Assets (Cr) ₹8,277 on 31 Mar 25
Category Equity - ELSS
AMC Canara Robeco Asset Management Co. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.74
Sharpe Ratio 0.08
Information Ratio -0.49
Alpha Ratio 0.92
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 20₹10,000
30 Apr 21₹15,486
30 Apr 22₹18,145
30 Apr 23₹19,088
30 Apr 24₹25,382
30 Apr 25₹27,157

Canara Robeco Equity Tax Saver SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹556,833.
Net Profit of ₹256,833
Invest Now

Returns for Canara Robeco Equity Tax Saver

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 May 25

DurationReturns
1 Month 6.9%
3 Month 10.4%
6 Month 2.8%
1 Year 10.8%
3 Year 19.1%
5 Year 24.3%
Since launch 19.1%
10 Year
15 Year
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Vishal Mishra26 Jun 213.85 Yr.
Shridatta Bhandwaldar1 Oct 195.58 Yr.

Data below for Canara Robeco Equity Tax Saver as on 31 Mar 25

Equity Sector Allocation
SectorValue
Financial Services28.53%
Consumer Cyclical14.24%
Industrials11.03%
Technology7.68%
Health Care7.07%
Consumer Defensive6.34%
Energy5.84%
Basic Materials5.65%
Communication Services3.91%
Utility3.89%
Real Estate1.92%
Asset Allocation
Asset ClassValue
Cash3.91%
Equity96.09%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 08 | HDFCBANK
8%₹676 Cr3,512,584
↑ 35,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | ICICIBANK
7%₹622 Cr4,361,000
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 19 | RELIANCE
4%₹342 Cr2,437,000
↑ 40,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 18 | INFY
4%₹317 Cr2,111,310
↓ -100,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 21 | BHARTIARTL
4%₹301 Cr1,615,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Dec 20 | LT
3%₹225 Cr674,369
↑ 25,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 May 19 | 500034
3%₹214 Cr247,950
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
2%₹199 Cr2,525,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
2%₹187 Cr5,274,449
Axis Bank Ltd (Financial Services)
Equity, Since 31 Dec 20 | 532215
2%₹184 Cr1,553,000

3. 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.)

BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.6% since its launch.  Ranked 13 in ELSS category.  Return for 2024 was 21.6% , 2023 was 34.8% and 2022 was -1.3% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund
Growth
Launch Date 25 Feb 09
NAV (16 May 25) ₹158.68 ↑ 1.94   (1.24 %)
Net Assets (Cr) ₹1,320 on 31 Mar 25
Category Equity - ELSS
AMC BOI AXA Investment Mngrs Private Ltd
Rating
Risk Moderately High
Expense Ratio 2.37
Sharpe Ratio -0.21
Information Ratio 0.26
Alpha Ratio -5.05
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 20₹10,000
30 Apr 21₹16,084
30 Apr 22₹18,845
30 Apr 23₹20,112
30 Apr 24₹31,238
30 Apr 25₹29,521

BOI AXA Tax Advantage Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹584,107.
Net Profit of ₹284,107
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 16 May 25

DurationReturns
1 Month 6.9%
3 Month 12.2%
6 Month -2.2%
1 Year -0.1%
3 Year 22.1%
5 Year 26.9%
Since launch 18.6%
10 Year
15 Year
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Alok Singh27 Apr 223.01 Yr.

Data below for BOI AXA Tax Advantage Fund as on 31 Mar 25

Equity Sector Allocation
SectorValue
Financial Services26.06%
Basic Materials15.61%
Industrials15.18%
Technology11.98%
Utility6.77%
Consumer Cyclical5.09%
Consumer Defensive4.01%
Health Care3.65%
Real Estate2.62%
Communication Services1.98%
Energy1.31%
Asset Allocation
Asset ClassValue
Cash5.72%
Equity94.27%
Debt0.01%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 500295
5%₹65 Cr1,412,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 10 | HDFCBANK
5%₹65 Cr355,000
State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN
5%₹65 Cr839,000
Coforge Ltd (Technology)
Equity, Since 30 Jun 23 | COFORGE
4%₹53 Cr65,600
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
3%₹41 Cr305,000
↑ 20,000
Ami Organics Ltd (Basic Materials)
Equity, Since 31 May 24 | 543349
3%₹39 Cr158,900
↓ -2,571
Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL
3%₹36 Cr86,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
3%₹34 Cr955,000
REC Ltd (Financial Services)
Equity, Since 30 Sep 23 | 532955
2%₹32 Cr741,000
↑ 121,000
Dixon Technologies (India) Ltd (Technology)
Equity, Since 31 Dec 23 | DIXON
2%₹32 Cr24,000

4. Mirae Asset Tax Saver 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. The Scheme does not guarantee or assure any returns.

Mirae Asset Tax Saver Fund is a Equity - ELSS fund was launched on 28 Dec 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.1% since its launch.  Return for 2024 was 17.2% , 2023 was 27% and 2022 was 0.1% .

Below is the key information for Mirae Asset Tax Saver Fund

Mirae Asset Tax Saver Fund
Growth
Launch Date 28 Dec 15
NAV (16 May 25) ₹47.574 ↑ 0.13   (0.28 %)
Net Assets (Cr) ₹23,945 on 31 Mar 25
Category Equity - ELSS
AMC Mirae Asset Global Inv (India) Pvt. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 1.12
Sharpe Ratio 0.17
Information Ratio -0.26
Alpha Ratio 2.05
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
30 Apr 20₹10,000
30 Apr 21₹16,177
30 Apr 22₹19,157
30 Apr 23₹19,867
30 Apr 24₹26,995
30 Apr 25₹29,071

Mirae Asset Tax Saver Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹584,107.
Net Profit of ₹284,107
Invest Now

Returns for Mirae Asset 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 16 May 25

DurationReturns
1 Month 7%
3 Month 11.1%
6 Month 4.7%
1 Year 11.6%
3 Year 19.2%
5 Year 26.5%
Since launch 18.1%
10 Year
15 Year
Historical performance (Yearly) on absolute basis
YearReturns
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
NameSinceTenure
Neelesh Surana28 Dec 159.35 Yr.

Data below for Mirae Asset Tax Saver Fund as on 31 Mar 25

Equity Sector Allocation
SectorValue
Financial Services32.98%
Consumer Cyclical13.67%
Industrials10.85%
Health Care9.02%
Technology8.5%
Basic Materials7.49%
Energy4.13%
Utility4.03%
Consumer Defensive3.63%
Communication Services2.72%
Real Estate1.37%
Asset Allocation
Asset ClassValue
Cash1.61%
Equity98.39%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK
9%₹2,204 Cr12,056,752
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jan 18 | 532215
5%₹1,290 Cr11,701,566
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | ICICIBANK
5%₹1,110 Cr8,231,929
State Bank of India (Financial Services)
Equity, Since 31 Dec 15 | SBIN
4%₹945 Cr12,244,323
↓ -1,143,079
Infosys Ltd (Technology)
Equity, Since 31 Dec 15 | INFY
3%₹827 Cr5,267,785
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 16 | LT
3%₹765 Cr2,191,526
Reliance Industries Ltd (Energy)
Equity, Since 31 Dec 15 | RELIANCE
3%₹676 Cr5,304,299
Tata Consultancy Services Ltd (Technology)
Equity, Since 31 Dec 15 | TCS
2%₹557 Cr1,544,461
↑ 149,087
ITC Ltd (Consumer Defensive)
Equity, Since 30 Apr 16 | ITC
2%₹537 Cr13,096,311
↑ 875,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 20 | BHARTIARTL
2%₹441 Cr2,544,892
↓ -418,500

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.
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