+91-22-489139096 Best Tax Saving SIP Plans to Invest in 2026
Equity Linked Saving Schemes or ELSS is gaining a huge popularity as the best tax saving option, amongst the Indian investors.
It has the potential to deliver good returns, and also it has the shortest lock-in period. ELSS is an equity diversified fund, wherein the majority of the fund corpus is invested either in Equity Fund or equity-related products. Investors can attain tax deductions up to INR 1,50,000 under Section 80C of income tax Act from their taxable income. As these funds offer dual benefits of— tax saving and wealth creation, investors can invest in ELSS and make the most out of their investment. So, to make the process of Investing easy, we have shortlisted the best tax saving SIP plans that offer the best returns to the investors.
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Fund Selection Methodology used to find 6 funds
Best Performing SIP Funds to Invest in Equity Linked Saving Scheme (ELSS) FY 26 - 27
Fund NAV Net Assets (Cr) Min SIP Investment 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2025 (%) Motilal Oswal Long Term Equity Fund Growth ₹49.124
↑ 1.58 ₹4,175 500 -1.9 -5.3 14.8 22.4 17.1 -9.1 SBI Magnum Tax Gain Fund Growth ₹418.97
↑ 14.83 ₹32,171 500 -6.3 -3.5 7.1 21.1 17.9 6.6 DSP Tax Saver Fund Growth ₹134.685
↑ 5.55 ₹17,250 500 -6.9 -3 6.7 18.4 15.1 7.5 HDFC Tax Saver Fund Growth ₹1,343.99
↑ 49.61 ₹16,618 500 -11.8 -9.8 4 17.2 17.1 10.3 BOI AXA Tax Advantage Fund Growth ₹155.78
↑ 5.36 ₹1,384 500 -2 -1.5 10.1 16.5 14 -3.5 BNP Paribas Long Term Equity Fund (ELSS) Growth ₹93.6031
↑ 3.53 ₹906 500 -10.3 -5.5 8.5 16.3 11.9 4.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 8 Apr 26 Research Highlights & Commentary of 6 Funds showcased
Commentary Motilal Oswal Long Term Equity Fund SBI Magnum Tax Gain Fund DSP Tax Saver Fund HDFC Tax Saver Fund BOI AXA Tax Advantage Fund BNP Paribas Long Term Equity Fund (ELSS) Point 1 Lower mid AUM (₹4,175 Cr). Highest AUM (₹32,171 Cr). Upper mid AUM (₹17,250 Cr). Upper mid AUM (₹16,618 Cr). Bottom quartile AUM (₹1,384 Cr). Bottom quartile AUM (₹906 Cr). Point 2 Established history (11+ yrs). Established history (18+ yrs). Established history (19+ yrs). Oldest track record among peers (30 yrs). Established history (17+ yrs). Established history (20+ yrs). Point 3 Not Rated. Rating: 2★ (lower mid). Top rated. Rating: 2★ (bottom quartile). Rating: 3★ (upper mid). Rating: 3★ (upper mid). Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 17.10% (upper mid). 5Y return: 17.92% (top quartile). 5Y return: 15.11% (lower mid). 5Y return: 17.12% (upper mid). 5Y return: 14.04% (bottom quartile). 5Y return: 11.90% (bottom quartile). Point 6 3Y return: 22.40% (top quartile). 3Y return: 21.13% (upper mid). 3Y return: 18.40% (upper mid). 3Y return: 17.24% (lower mid). 3Y return: 16.51% (bottom quartile). 3Y return: 16.34% (bottom quartile). Point 7 1Y return: 14.76% (top quartile). 1Y return: 7.12% (lower mid). 1Y return: 6.71% (bottom quartile). 1Y return: 3.97% (bottom quartile). 1Y return: 10.12% (upper mid). 1Y return: 8.51% (upper mid). Point 8 Alpha: -3.97 (bottom quartile). Alpha: 0.04 (bottom quartile). Alpha: 1.05 (upper mid). Alpha: 1.08 (upper mid). Alpha: 0.34 (lower mid). Alpha: 1.53 (top quartile). Point 9 Sharpe: 0.64 (bottom quartile). Sharpe: 0.99 (lower mid). Sharpe: 1.08 (upper mid). Sharpe: 1.09 (upper mid). Sharpe: 0.92 (bottom quartile). Sharpe: 1.13 (top quartile). Point 10 Information ratio: 0.36 (bottom quartile). Information ratio: 1.74 (top quartile). Information ratio: 0.87 (upper mid). Information ratio: 1.04 (upper mid). Information ratio: 0.10 (bottom quartile). Information ratio: 0.41 (lower mid). Motilal Oswal Long Term Equity Fund
SBI Magnum Tax Gain Fund
DSP Tax Saver Fund
HDFC Tax Saver Fund
BOI AXA Tax Advantage Fund
BNP Paribas Long Term Equity Fund (ELSS)
*Above is list of best ELSS SIP funds having AUM/Net Assets above 500 Crore. Sorted on Last 3 Year Return.
(Erstwhile Motilal Oswal MOSt Focused Long Term 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. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Below is the key information for Motilal Oswal Long Term Equity Fund Returns up to 1 year are on To deliver the benefit of investment in a portfolio of equity shares, while offering
deduction on such investment made in the scheme under section 80C of the
Income-tax Act, 1961. It also seeks to distribute income periodically depending
on distributable surplus. Investments in this scheme would be subject to a
statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits. Research Highlights for SBI Magnum Tax Gain Fund Below is the key information for SBI Magnum Tax Gain Fund Returns up to 1 year are on The primary investment objective of the Scheme is to seek to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity related securities of corporates, and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. Research Highlights for DSP Tax Saver Fund Below is the key information for DSP Tax Saver Fund Returns up to 1 year are on The fund plans to provide long term growth of capital. Research Highlights for HDFC Tax Saver Fund Below is the key information for HDFC Tax Saver 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 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 1. Motilal Oswal Long Term Equity Fund
Motilal Oswal Long Term Equity Fund
Growth Launch Date 21 Jan 15 NAV (08 Apr 26) ₹49.124 ↑ 1.58 (3.32 %) Net Assets (Cr) ₹4,175 on 28 Feb 26 Category Equity - ELSS AMC Motilal Oswal Asset Management Co. Ltd Rating Risk Moderately High Expense Ratio 1.65 Sharpe Ratio 0.64 Information Ratio 0.36 Alpha Ratio -3.97 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value Returns for Motilal Oswal Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Apr 26 Duration Returns 1 Month 3.1% 3 Month -1.9% 6 Month -5.3% 1 Year 14.8% 3 Year 22.4% 5 Year 17.1% 10 Year 15 Year Since launch 15.3% Historical performance (Yearly) on absolute basis
Year Returns 2025 -9.1% 2024 47.7% 2023 37% 2022 1.8% 2021 32.1% 2020 8.8% 2019 13.2% 2018 -8.7% 2017 44% 2016 12.5% Fund Manager information for Motilal Oswal Long Term Equity Fund
Name Since Tenure Data below for Motilal Oswal Long Term Equity Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 2. SBI Magnum Tax Gain Fund
SBI Magnum Tax Gain Fund
Growth Launch Date 7 May 07 NAV (08 Apr 26) ₹418.97 ↑ 14.83 (3.67 %) Net Assets (Cr) ₹32,171 on 28 Feb 26 Category Equity - ELSS AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.6 Sharpe Ratio 0.99 Information Ratio 1.74 Alpha Ratio 0.04 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value Returns for SBI Magnum Tax Gain Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Apr 26 Duration Returns 1 Month -2.4% 3 Month -6.3% 6 Month -3.5% 1 Year 7.1% 3 Year 21.1% 5 Year 17.9% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.6% 2024 27.7% 2023 40% 2022 6.9% 2021 31% 2020 18.9% 2019 4% 2018 -8.3% 2017 33% 2016 2.1% Fund Manager information for SBI Magnum Tax Gain Fund
Name Since Tenure Data below for SBI Magnum Tax Gain Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 3. DSP Tax Saver Fund
DSP Tax Saver Fund
Growth Launch Date 18 Jan 07 NAV (08 Apr 26) ₹134.685 ↑ 5.55 (4.30 %) Net Assets (Cr) ₹17,250 on 28 Feb 26 Category Equity - ELSS AMC DSP BlackRock Invmt Managers Pvt. Ltd. Rating ☆☆☆☆ Risk Moderately High Expense Ratio 1.64 Sharpe Ratio 1.08 Information Ratio 0.87 Alpha Ratio 1.05 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value Returns for DSP Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Apr 26 Duration Returns 1 Month -1.9% 3 Month -6.9% 6 Month -3% 1 Year 6.7% 3 Year 18.4% 5 Year 15.1% 10 Year 15 Year Since launch 14.5% Historical performance (Yearly) on absolute basis
Year Returns 2025 7.5% 2024 23.9% 2023 30% 2022 4.5% 2021 35.1% 2020 15% 2019 14.8% 2018 -7.6% 2017 36.3% 2016 11.3% Fund Manager information for DSP Tax Saver Fund
Name Since Tenure Data below for DSP Tax Saver Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 4. HDFC Tax Saver Fund
HDFC Tax Saver Fund
Growth Launch Date 31 Mar 96 NAV (08 Apr 26) ₹1,343.99 ↑ 49.61 (3.83 %) Net Assets (Cr) ₹16,618 on 28 Feb 26 Category Equity - ELSS AMC HDFC Asset Management Company Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.7 Sharpe Ratio 1.09 Information Ratio 1.04 Alpha Ratio 1.08 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value Returns for HDFC Tax Saver Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Apr 26 Duration Returns 1 Month -5.8% 3 Month -11.8% 6 Month -9.8% 1 Year 4% 3 Year 17.2% 5 Year 17.1% 10 Year 15 Year Since launch Historical performance (Yearly) on absolute basis
Year Returns 2025 10.3% 2024 21.3% 2023 33.2% 2022 10.5% 2021 35.3% 2020 5.8% 2019 3.7% 2018 -10.9% 2017 38.7% 2016 7.6% Fund Manager information for HDFC Tax Saver Fund
Name Since Tenure Data below for HDFC Tax Saver Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 5. BOI AXA Tax Advantage Fund
BOI AXA Tax Advantage Fund
Growth Launch Date 25 Feb 09 NAV (08 Apr 26) ₹155.78 ↑ 5.36 (3.56 %) Net Assets (Cr) ₹1,384 on 28 Feb 26 Category Equity - ELSS AMC BOI AXA Investment Mngrs Private Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.09 Sharpe Ratio 0.92 Information Ratio 0.1 Alpha Ratio 0.34 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value Returns for BOI AXA Tax Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Apr 26 Duration Returns 1 Month -0.6% 3 Month -2% 6 Month -1.5% 1 Year 10.1% 3 Year 16.5% 5 Year 14% 10 Year 15 Year Since launch 17.4% Historical performance (Yearly) on absolute basis
Year Returns 2025 -3.5% 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% Fund Manager information for BOI AXA Tax Advantage Fund
Name Since Tenure Data below for BOI AXA Tax Advantage Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity 6. BNP Paribas Long Term Equity Fund (ELSS)
BNP Paribas Long Term Equity Fund (ELSS)
Growth Launch Date 5 Jan 06 NAV (08 Apr 26) ₹93.6031 ↑ 3.53 (3.92 %) Net Assets (Cr) ₹906 on 28 Feb 26 Category Equity - ELSS AMC BNP Paribas Asset Mgmt India Pvt. Ltd Rating ☆☆☆ Risk Moderately High Expense Ratio 2.21 Sharpe Ratio 1.13 Information Ratio 0.41 Alpha Ratio 1.53 Min Investment 500 Min SIP Investment 500 Exit Load NIL Growth of 10,000 investment over the years.
Date Value 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 8 Apr 26 Duration Returns 1 Month -4.6% 3 Month -10.3% 6 Month -5.5% 1 Year 8.5% 3 Year 16.3% 5 Year 11.9% 10 Year 15 Year Since launch 11.5% Historical performance (Yearly) on absolute basis
Year Returns 2025 4.8% 2024 23.6% 2023 31.3% 2022 -2.1% 2021 23.6% 2020 17.8% 2019 14.3% 2018 -9.3% 2017 42.3% 2016 -6.6% Fund Manager information for BNP Paribas Long Term Equity Fund (ELSS)
Name Since Tenure Data below for BNP Paribas Long Term Equity Fund (ELSS) as on 28 Feb 26
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity
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 Motilal Oswal Long Term Equity Fund