+91-22-48913909Top 5 Best Tax Saving ELSS Mutual Funds for FY 25 - 26
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.
Talk to our investment specialist
Top 5 ELSS Funds To Invest In FY 25 - 26
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) BOI AXA Tax Advantage Fund Growth ₹157.52
↑ 0.67 ₹1,417 0.3 -3.5 -10.5 14.8 17.6 21.6 Mahindra Mutual Fund Kar Bachat Yojana Growth ₹29.0742
↓ -0.03 ₹970 1.8 1.7 2.9 13.9 17.5 12.3 HDFC Long Term Advantage Fund Growth ₹595.168
↑ 0.28 ₹1,318 1.2 15.4 35.5 20.6 17.4 Edelweiss Long Term Equity Fund Growth ₹114.1
↓ -0.08 ₹440 4.7 3 1.1 15.8 16.6 20 PGIM India Tax Savings Fund Growth ₹34.9
↑ 0.02 ₹782 0.4 -0.2 -0.9 11.4 15.9 15.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 9 Dec 25 Research Highlights & Commentary of 5 Funds showcased
Commentary BOI AXA Tax Advantage Fund Mahindra Mutual Fund Kar Bachat Yojana HDFC Long Term Advantage Fund Edelweiss Long Term Equity Fund PGIM India Tax Savings Fund Point 1 Highest AUM (₹1,417 Cr). Lower mid AUM (₹970 Cr). Upper mid AUM (₹1,318 Cr). Bottom quartile AUM (₹440 Cr). Bottom quartile AUM (₹782 Cr). Point 2 Established history (16+ yrs). Established history (9+ yrs). Oldest track record among peers (24 yrs). Established history (16+ yrs). Established history (10+ yrs). Point 3 Top rated. Not Rated. Rating: 3★ (upper mid). Rating: 2★ (lower mid). Not Rated. 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: 17.60% (top quartile). 5Y return: 17.52% (upper mid). 5Y return: 17.39% (lower mid). 5Y return: 16.57% (bottom quartile). 5Y return: 15.93% (bottom quartile). Point 6 3Y return: 14.77% (lower mid). 3Y return: 13.94% (bottom quartile). 3Y return: 20.64% (top quartile). 3Y return: 15.80% (upper mid). 3Y return: 11.42% (bottom quartile). Point 7 1Y return: -10.53% (bottom quartile). 1Y return: 2.91% (upper mid). 1Y return: 35.51% (top quartile). 1Y return: 1.13% (lower mid). 1Y return: -0.85% (bottom quartile). Point 8 Alpha: -7.70 (bottom quartile). Alpha: -0.49 (lower mid). Alpha: 1.75 (top quartile). Alpha: -1.02 (bottom quartile). Alpha: -0.35 (upper mid). Point 9 Sharpe: -0.37 (bottom quartile). Sharpe: -0.02 (lower mid). Sharpe: 2.27 (top quartile). Sharpe: -0.04 (bottom quartile). Sharpe: -0.01 (upper mid). Point 10 Information ratio: 0.10 (top quartile). Information ratio: -0.62 (bottom quartile). Information ratio: -0.15 (lower mid). Information ratio: -0.13 (upper mid). Information ratio: -0.87 (bottom quartile). BOI AXA Tax Advantage Fund
Mahindra Mutual Fund Kar Bachat Yojana
HDFC Long Term Advantage Fund
Edelweiss Long Term Equity Fund
PGIM India Tax Savings 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.) 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 through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns. Research Highlights for Mahindra Mutual Fund Kar Bachat Yojana Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana Returns up to 1 year are on To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments Research Highlights for HDFC Long Term Advantage Fund Below is the key information for HDFC Long Term Advantage Fund 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 primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to
avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time. However, there is no assurance that the investment objective
shall be realize" Research Highlights for PGIM India Tax Savings Fund Below is the key information for PGIM India Tax Savings Fund Returns up to 1 year are on 1. BOI AXA Tax Advantage Fund
BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (09 Dec 25) ₹157.52 ↑ 0.67 (0.43 %) Net Assets (Cr) ₹1,417 on 31 Oct 25 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio -0.37 Information Ratio 0.1 Alpha Ratio -7.7 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Nov 20 ₹10,000 30 Nov 21 ₹14,500 30 Nov 22 ₹15,171 30 Nov 23 ₹18,522 30 Nov 24 ₹24,718 30 Nov 25 ₹23,701 Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Dec 25 Duration Returns 1 Month -2.2% 3 Month 0.3% 6 Month -3.5% 1 Year -10.5% 3 Year 14.8% 5 Year 17.6% 10 Year 15 Year Since launch 17.9% 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 3.52 Yr. Data below for BOI AXA Tax Advantage Fund as on 31 Oct 25
Equity Sector Allocation
Sector Value Financial Services 23.99% Industrials 21.1% Basic Materials 17.21% Utility 7.32% Consumer Defensive 6.03% Consumer Cyclical 5.98% Technology 4.36% Communication Services 3.41% Real Estate 2.18% Health Care 2.03% Energy 1.43% Asset Allocation
Asset Class Value Cash 4.96% Equity 95.04% Top Securities Holdings / Portfolio
Name Holding Value Quantity Vedanta Ltd (Basic Materials)
Equity, Since 31 Mar 24 | 5002955% ₹70 Cr 1,412,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 21 | SBIN4% ₹62 Cr 664,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK4% ₹54 Cr 405,000
↑ 75,000 Hindustan Aeronautics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Jul 23 | HAL3% ₹49 Cr 105,000 Acutaas Chemicals Ltd (Basic Materials)
Equity, Since 31 May 24 | 5433493% ₹49 Cr 283,300
↓ -2,050 Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 24 | BHARTIARTL3% ₹48 Cr 235,000 ITC Ltd (Consumer Defensive)
Equity, Since 30 Jun 25 | ITC3% ₹47 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% ₹39 Cr 685,662 Indian Bank (Financial Services)
Equity, Since 31 Aug 23 | 5328142% ₹34 Cr 400,000
↑ 57,000 2. Mahindra Mutual Fund Kar Bachat Yojana
Mahindra Mutual Fund Kar Bachat Yojana
Growth Launch Date 18 Oct 16 NAV (09 Dec 25) ₹29.0742 ↓ -0.03 (-0.09 %) Net Assets (Cr) ₹970 on 31 Oct 25 Category Equity - ELSS AMC Mahindra Asset Management Company Pvt. Ltd. Rating Risk Moderately High Expense Ratio 2.17 Sharpe Ratio -0.02 Information Ratio -0.62 Alpha Ratio -0.49 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Nov 20 ₹10,000 30 Nov 21 ₹14,557 30 Nov 22 ₹15,844 30 Nov 23 ₹18,140 30 Nov 24 ₹22,113 30 Nov 25 ₹23,552 Returns for Mahindra Mutual Fund Kar Bachat Yojana
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Dec 25 Duration Returns 1 Month 0.8% 3 Month 1.8% 6 Month 1.7% 1 Year 2.9% 3 Year 13.9% 5 Year 17.5% 10 Year 15 Year Since launch 12.4% Historical performance (Yearly) on absolute basis
Year Returns 2024 12.3% 2023 25.8% 2022 2% 2021 39.4% 2020 14.1% 2019 4.5% 2018 -9.8% 2017 24.8% 2016 2015 Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana
Name Since Tenure Manish Lodha 21 Dec 20 4.87 Yr. Fatema Pacha 16 Oct 20 5.05 Yr. Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 31 Oct 25
Equity Sector Allocation
Sector Value Financial Services 33.45% Consumer Cyclical 15.22% Technology 11.03% Industrials 8.28% Basic Materials 6.98% Energy 5.38% Consumer Defensive 5.21% Health Care 4.59% Communication Services 4.53% Utility 1.59% Real Estate 0.83% Asset Allocation
Asset Class Value Cash 2.51% Equity 97.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | HDFCBANK8% ₹77 Cr 775,000
↓ -50,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 19 | ICICIBANK7% ₹69 Cr 516,120
↑ 7,000 Reliance Industries Ltd (Energy)
Equity, Since 31 Mar 18 | RELIANCE5% ₹52 Cr 351,000 Infosys Ltd (Technology)
Equity, Since 29 Feb 20 | INFY5% ₹47 Cr 316,041 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jan 25 | 5000344% ₹35 Cr 335,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 24 | 5322154% ₹35 Cr 283,000
↓ -28,387 Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Aug 18 | LT3% ₹33 Cr 81,761
↓ -21,000 State Bank of India (Financial Services)
Equity, Since 29 Feb 24 | SBIN3% ₹31 Cr 333,000
↓ -40,000 Tata Consultancy Services Ltd (Technology)
Equity, Since 31 May 19 | TCS3% ₹29 Cr 93,476 Hindustan Unilever Ltd (Consumer Defensive)
Equity, Since 30 Apr 20 | HINDUNILVR3% ₹28 Cr 112,000 3. 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 Nov 20 ₹10,000 30 Nov 21 ₹14,347
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 9 Dec 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 4. Edelweiss Long Term Equity Fund
Edelweiss Long Term Equity Fund
Growth Launch Date 30 Dec 08 NAV (09 Dec 25) ₹114.1 ↓ -0.08 (-0.07 %) Net Assets (Cr) ₹440 on 31 Oct 25 Category Equity - ELSS AMC Edelweiss Asset Management Limited Rating ☆☆ Risk Moderately High Expense Ratio 2.34 Sharpe Ratio -0.05 Information Ratio -0.13 Alpha Ratio -1.02 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Nov 20 ₹10,000 30 Nov 21 ₹13,418 30 Nov 22 ₹14,480 30 Nov 23 ₹16,426 30 Nov 24 ₹21,409 30 Nov 25 ₹22,655 Returns for Edelweiss Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Dec 25 Duration Returns 1 Month 0.7% 3 Month 4.7% 6 Month 3% 1 Year 1.1% 3 Year 15.8% 5 Year 16.6% 10 Year 15 Year Since launch 15.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 20% 2023 26.8% 2022 -0.1% 2021 30.4% 2020 13.7% 2019 9.2% 2018 -9.1% 2017 37.7% 2016 -1.1% 2015 6.7% Fund Manager information for Edelweiss Long Term Equity Fund
Name Since Tenure Ashwani Agarwalla 1 Aug 23 2.25 Yr. Trideep Bhattacharya 1 Aug 23 2.25 Yr. Raj Koradia 1 Aug 24 1.25 Yr. Data below for Edelweiss Long Term Equity Fund as on 31 Oct 25
Equity Sector Allocation
Sector Value Financial Services 36.23% Technology 11.43% Consumer Cyclical 10.6% Industrials 8.97% Health Care 7.37% Energy 6.97% Consumer Defensive 4.93% Basic Materials 4.74% Communication Services 3.93% Utility 1.99% Real Estate 1.29% Asset Allocation
Asset Class Value Cash 1.53% Equity 98.46% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Nov 10 | HDFCBANK6% ₹27 Cr 275,690
↓ -21,768 Reliance Industries Ltd (Energy)
Equity, Since 30 Jun 15 | RELIANCE5% ₹23 Cr 154,769
↑ 15,520 Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Oct 19 | BHARTIARTL4% ₹17 Cr 84,003 ICICI Bank Ltd (Financial Services)
Equity, Since 31 May 17 | ICICIBANK4% ₹17 Cr 126,563 State Bank of India (Financial Services)
Equity, Since 31 May 18 | SBIN3% ₹14 Cr 149,214 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 15 | LT3% ₹13 Cr 33,431 Bharat Electronics Ltd (Industrials)
Equity, Since 31 Aug 22 | BEL2% ₹9 Cr 219,943 Muthoot Finance Ltd (Financial Services)
Equity, Since 31 Dec 24 | 5333982% ₹9 Cr 28,474 Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY2% ₹9 Cr 59,889 Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Jan 23 | M&M2% ₹8 Cr 24,276 5. PGIM India Tax Savings Fund
PGIM India Tax Savings Fund
Growth Launch Date 11 Dec 15 NAV (09 Dec 25) ₹34.9 ↑ 0.02 (0.06 %) Net Assets (Cr) ₹782 on 31 Oct 25 Category Equity - ELSS AMC Pramerica Asset Managers Private Limited Rating Risk Moderately High Expense Ratio 2.26 Sharpe Ratio -0.01 Information Ratio -0.87 Alpha Ratio -0.35 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 30 Nov 20 ₹10,000 30 Nov 21 ₹14,498 30 Nov 22 ₹16,071 30 Nov 23 ₹17,808 30 Nov 24 ₹21,497 30 Nov 25 ₹22,495 Returns for PGIM India Tax Savings Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 9 Dec 25 Duration Returns 1 Month -0.5% 3 Month 0.4% 6 Month -0.2% 1 Year -0.9% 3 Year 11.4% 5 Year 15.9% 10 Year 15 Year Since launch 13.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 15.6% 2023 19.5% 2022 4.7% 2021 37.5% 2020 17.9% 2019 8.2% 2018 -6.4% 2017 39.3% 2016 1.7% 2015 Fund Manager information for PGIM India Tax Savings Fund
Name Since Tenure Bhupesh Kalyani 1 Apr 23 2.59 Yr. Vinay Paharia 1 Apr 23 2.59 Yr. Utsav Mehta 15 Apr 24 1.55 Yr. Vivek Sharma 15 Apr 24 1.55 Yr. Data below for PGIM India Tax Savings Fund as on 31 Oct 25
Equity Sector Allocation
Sector Value Financial Services 29.51% Consumer Cyclical 12.66% Industrials 11.52% Health Care 11.49% Technology 9.11% Basic Materials 7.27% Energy 6.72% Consumer Defensive 4.74% Communication Services 3.9% Real Estate 0.46% Asset Allocation
Asset Class Value Cash 2.49% Equity 97.38% Debt 0.12% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 15 | HDFCBANK9% ₹70 Cr 711,028 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | ICICIBANK8% ₹63 Cr 469,764 Reliance Industries Ltd (Energy)
Equity, Since 31 Aug 17 | RELIANCE7% ₹53 Cr 353,591 Bharti Airtel Ltd (Communication Services)
Equity, Since 28 Feb 19 | BHARTIARTL4% ₹31 Cr 148,605 Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Dec 23 | 5433203% ₹21 Cr 661,249 Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Sep 17 | LT3% ₹21 Cr 51,017
↑ 10,800 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 31 Jul 23 | ICICIGI3% ₹20 Cr 98,882 Dixon Technologies (India) Ltd (Technology)
Equity, Since 30 Apr 23 | DIXON2% ₹19 Cr 12,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 24 | 5000342% ₹18 Cr 171,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Jun 23 | KOTAKBANK2% ₹18 Cr 84,000
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!
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.
AMFI Registration No. 112358 | CIN: U74999MH2016PTC282153
Shepard Technologies Pvt. Ltd. (with ARN code 112358) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Terms and conditions of the website are applicable.
©2025 Shepard Technologies Private Limited. All Rights Reserved
Research Highlights for BOI AXA Tax Advantage Fund