+91-22-48913909Top 5 Best Tax Saving ELSS Mutual Funds for FY 26 - 27
Best elss Funds or Equity Linked Savings Schemes (Tax Saving) are equity diversified Mutual Funds that majorly invest in equity-linked instruments (like shares and stocks) to provide market-linked returns. Typically, 80% of the fund corpus is invested in equity and the remaining in debt instruments.
Best ELSS funds are also known as the tax saving Mutual Funds as they offer tax benefits under Section 80C of the income tax Act. Moreover, the ELSS Mutual Funds are open-ended, which means that the investors can subscribe in these funds as and when they want.
However, before Investing in these tax saving Mutual Funds, it is suggested to consider a list of best ELSS funds.
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Fund Selection Methodology used to find 5 funds
Top 5 ELSS Funds To Invest In FY 26 - 27
Fund NAV Net Assets (Cr) 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 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹100.743
↓ -0.60 ₹917 6.2 5.5 7.1 15 11.2 4.8 Edelweiss Long Term Equity Fund Growth ₹116.72
↓ -0.74 ₹455 5.4 4.7 8 13.1 10.9 6.7 BOI AXA Tax Advantage Fund Growth ₹164.75
↓ -1.05 ₹1,395 3.8 3.9 5.1 12.5 10.5 -3.5 IDBI Equity Advantage Fund Growth ₹43.39
↑ 0.04 ₹485 9.7 15.1 16.9 20.8 10 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 5 Funds showcased
Commentary HDFC Long Term Advantage Fund BNP Paribas Long Term Equity Fund (ELSS) Edelweiss Long Term Equity Fund BOI AXA Tax Advantage Fund IDBI Equity Advantage Fund Point 1 Upper mid AUM (₹1,318 Cr). Lower mid AUM (₹917 Cr). Bottom quartile AUM (₹455 Cr). Highest AUM (₹1,395 Cr). Bottom quartile AUM (₹485 Cr). Point 2 Oldest track record among peers (25 yrs). Established history (20+ yrs). Established history (17+ yrs). Established history (17+ yrs). Established history (12+ yrs). Point 3 Top rated. Rating: 3★ (upper mid). Rating: 2★ (bottom quartile). Rating: 3★ (lower mid). Rating: 3★ (bottom quartile). Point 4 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: 11.16% (upper mid). 5Y return: 10.89% (lower mid). 5Y return: 10.51% (bottom quartile). 5Y return: 9.97% (bottom quartile). Point 6 3Y return: 20.64% (upper mid). 3Y return: 15.03% (lower mid). 3Y return: 13.09% (bottom quartile). 3Y return: 12.55% (bottom quartile). 3Y return: 20.84% (top quartile). Point 7 1Y return: 35.51% (top quartile). 1Y return: 7.13% (bottom quartile). 1Y return: 8.00% (lower mid). 1Y return: 5.07% (bottom quartile). 1Y return: 16.92% (upper mid). Point 8 Alpha: 1.75 (bottom quartile). Alpha: 2.86 (upper mid). Alpha: 3.50 (top quartile). Alpha: -0.56 (bottom quartile). Alpha: 1.78 (lower mid). Point 9 Sharpe: 2.27 (top quartile). Sharpe: 0.14 (bottom quartile). Sharpe: 0.17 (lower mid). Sharpe: -0.10 (bottom quartile). Sharpe: 1.21 (upper mid). Point 10 Information ratio: -0.15 (bottom quartile). Information ratio: 0.74 (top quartile). Information ratio: 0.19 (upper mid). Information ratio: 0.08 (lower mid). Information ratio: -1.13 (bottom quartile). HDFC Long Term Advantage Fund
BNP Paribas Long Term Equity Fund (ELSS)
Edelweiss Long Term Equity Fund
BOI AXA Tax Advantage Fund
IDBI Equity Advantage Fund
*List of ELSS Tax saving mutual funds having net assets > 250 Crore and haing best CAGR returns in last 5 yr
To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments Below is the key information for HDFC Long Term Advantage Fund Returns up to 1 year are on The investment objective of the Scheme is to generate long-term capital growth from a diversified and actively managed portfolio of equity and equity related securities along with income tax rebate, as may be prevalent fromtime to time. However, there can be no assurance that the investment objective of the Scheme will be achieved. The Scheme does not guarantee / indicate any returns. Research Highlights for BNP Paribas Long Term Equity Fund (ELSS) Below is the key information for BNP Paribas Long Term Equity Fund (ELSS) Returns up to 1 year are on (Erstwhile Edelweiss ELSS Fund) The primary objective of the scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments. Research Highlights for Edelweiss Long Term Equity Fund Below is the key information for Edelweiss Long Term Equity Fund 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 Scheme will seek to invest predominantly in a diversified portfolio of equity and equity related instruments with the objective to provide investors with opportunities for capital appreciation and income along with the benefit of income-tax deduction(under section 80C of the Income-tax Act, 1961) on their investments. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to be eligible for income-tax benefits under Section 80C. There can be no assurance that the investment objective under the scheme will be realized. Research Highlights for IDBI Equity Advantage Fund Below is the key information for IDBI Equity Advantage Fund Returns up to 1 year are on 1. 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
Purchase not allowed Returns for HDFC Long Term Advantage Fund
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. BNP Paribas Long Term Equity Fund (ELSS)
BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (02 Sep 26) ₹100.743 ↓ -0.60 (-0.59 %) Net Assets (Cr) ₹917 on 31 Jul 26 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 0.14 Information Ratio 0.74 Alpha Ratio 2.86 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 ₹9,990 31 Aug 23 ₹11,213 31 Aug 24 ₹16,278 31 Aug 25 ₹15,895 31 Aug 26 ₹17,490 Returns for BNP Paribas Long Term Equity Fund (ELSS)
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 0% 3 Month 6.2% 6 Month 5.5% 1 Year 7.1% 3 Year 15% 5 Year 11.2% 10 Year 15 Year Since launch 11.8% Historical performance (Yearly) on absolute basis
Year Returns 2024 4.8% 2023 23.6% 2022 31.3% 2021 -2.1% 2020 23.6% 2019 17.8% 2018 14.3% 2017 -9.3% 2016 42.3% 2015 -6.6% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Silky Jain 1 Jul 26 0.08 Yr. Yash Mehta 1 May 26 0.25 Yr. Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 31 Jul 26
Equity Sector Allocation
Sector Value Financial Services 29.14% Consumer Cyclical 16.76% Industrials 12.48% Basic Materials 9.22% Technology 7.35% Health Care 7.31% Energy 4.36% Consumer Defensive 4.27% Utility 2.92% Communication Services 2.58% Real Estate 0.53% Asset Allocation
Asset Class Value Cash 3.05% Equity 96.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 12 | ICICIBANK4% ₹36 Cr 250,000 State Bank of India (Financial Services)
Equity, Since 31 Mar 22 | SBIN4% ₹33 Cr 318,000
↓ -12,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK4% ₹32 Cr 430,000
↓ -20,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Oct 18 | RELIANCE3% ₹28 Cr 212,950
↓ -27,050 Titan Co Ltd (Consumer Cyclical)
Equity, Since 31 May 25 | TITAN3% ₹27 Cr 55,000 TVS Motor Co Ltd (Consumer Cyclical)
Equity, Since 30 Sep 23 | 5323433% ₹26 Cr 60,500 Radico Khaitan Ltd (Consumer Defensive)
Equity, Since 31 Jan 25 | RADICO3% ₹26 Cr 59,011 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 May 19 | BHARTIARTL3% ₹24 Cr 120,000 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Apr 20 | LT3% ₹24 Cr 60,000
↓ -10,000 Bharat Heavy Electricals Ltd (Industrials)
Equity, Since 30 Nov 24 | 5001033% ₹24 Cr 580,000 3. Edelweiss Long Term Equity Fund
Edelweiss Long Term Equity Fund
Growth Launch Date 30 Dec 08 NAV (02 Sep 26) ₹116.72 ↓ -0.74 (-0.63 %) Net Assets (Cr) ₹455 on 31 Jul 26 Category Equity - ELSS AMC Edelweiss Asset Management Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio 0.17 Information Ratio 0.19 Alpha Ratio 3.5 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 ₹10,308 31 Aug 23 ₹11,580 31 Aug 24 ₹16,331 31 Aug 25 ₹15,429 31 Aug 26 ₹17,066 Returns for Edelweiss Long Term Equity Fund
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 5.4% 6 Month 4.7% 1 Year 8% 3 Year 13.1% 5 Year 10.9% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 2024 6.7% 2023 20% 2022 26.8% 2021 -0.1% 2020 30.4% 2019 13.7% 2018 9.2% 2017 -9.1% 2016 37.7% 2015 -1.1% Fund Manager information for Edelweiss Long Term Equity Fund
Name Since Tenure Ashwani Agarwalla 1 Aug 23 3.08 Yr. Trideep Bhattacharya 1 Aug 23 3.08 Yr. Raj Koradia 1 Aug 24 2.08 Yr. Data below for Edelweiss Long Term Equity Fund as on 31 Jul 26
Equity Sector Allocation
Sector Value Financial Services 34.52% Consumer Cyclical 14.67% Technology 10.27% Industrials 9.55% Health Care 7.23% Energy 5.87% Basic Materials 5.53% Communication Services 3.64% Consumer Defensive 3.5% Utility 2.68% Real Estate 1.12% 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 31 May 17 | ICICIBANK5% ₹22 Cr 156,659 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 15 | RELIANCE4% ₹20 Cr 154,769 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | HDFCBANK4% ₹19 Cr 249,864 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL4% ₹17 Cr 84,003 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 15 | LT3% ₹13 Cr 33,431 State Bank of India (Financial Services)
Equity, Since 31 May 18 | SBIN3% ₹11 Cr 111,376 Ather Energy Ltd (Consumer Cyclical)
Equity, Since 30 Nov 25 | ATHERENERG2% ₹10 Cr 80,511 BSE Ltd (Financial Services)
Equity, Since 31 Mar 24 | BSE2% ₹10 Cr 26,792 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 22 | BEL2% ₹9 Cr 219,943 Gabriel India Ltd (Consumer Cyclical)
Equity, Since 31 Jul 25 | GABRIEL2% ₹8 Cr 58,896 4. BOI AXA Tax Advantage Fund
BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (02 Sep 26) ₹164.75 ↓ -1.05 (-0.63 %) Net Assets (Cr) ₹1,395 on 31 Jul 26 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio -0.1 Information Ratio 0.08 Alpha Ratio -0.56 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 ₹9,937 31 Aug 23 ₹11,529 31 Aug 24 ₹17,736 31 Aug 25 ₹15,538 31 Aug 26 ₹16,719 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 0.8% 3 Month 3.8% 6 Month 3.9% 1 Year 5.1% 3 Year 12.5% 5 Year 10.5% 10 Year 15 Year Since launch 17.3% 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 4.35 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Jul 26
Equity Sector Allocation
Sector Value Financial Services 25.7% Industrials 19.16% Consumer Cyclical 10.67% Basic Materials 7.92% Consumer Defensive 5.49% Utility 4.68% Communication Services 3.32% Health Care 3.2% Technology 3.14% Energy 2.11% Real Estate 0.12% Asset Allocation
Asset Class Value Cash 13.77% Equity 86.11% Debt 0.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN5% ₹73 Cr 715,000
↑ 76,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK5% ₹63 Cr 440,000
↑ 50,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL4% ₹51 Cr 110,000 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 24 | BHARTIARTL3% ₹46 Cr 235,000 UNO Minda Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | UNOMINDA3% ₹39 Cr 330,439 Adani Ports & Special Economic Zone Ltd (Industrials)
Equity, Since 30 Apr 25 | ADANIPORTS3% ₹38 Cr 224,000 Power Finance Corp Ltd (Financial Services)
Equity, Since 28 Feb 26 | 5328103% ₹38 Cr 885,000 Quality Power Electrical Equipments Ltd (Industrials)
Equity, Since 31 Jul 25 | QPOWER3% ₹37 Cr 324,293 NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 5325553% ₹36 Cr 1,041,000 Dr Reddy's Laboratories Ltd (Healthcare)
Equity, Since 31 Oct 24 | DRREDDY3% ₹36 Cr 311,000
↑ 51,000 5. IDBI Equity Advantage Fund
IDBI Equity Advantage Fund
Growth Launch Date 10 Sep 13 NAV (28 Jul 23) ₹43.39 ↑ 0.04 (0.09 %) Net Assets (Cr) ₹485 on 30 Jun 23 Category Equity - ELSS AMC IDBI Asset Management Limited Rating ☆☆☆ Risk Moderately High Expense Ratio 2.39 Sharpe Ratio 1.21 Information Ratio -1.13 Alpha Ratio 1.78 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 14 Jan 22 Duration Returns 1 Month 3.1% 3 Month 9.7% 6 Month 15.1% 1 Year 16.9% 3 Year 20.8% 5 Year 10% 10 Year 15 Year Since launch 16% Historical performance (Yearly) on absolute basis
Year Returns 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Data below for IDBI Equity Advantage Fund as on 30 Jun 23
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity
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Research Highlights for HDFC Long Term Advantage Fund