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5 Best ELSS Mutual Funds Investments in India for 2025

Updated on August 6, 2025 , 62082 views

Best elss Funds or Equity Linked Savings Schemes 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 & have lock-in of 3 Years on investments.

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Top 5 Best Performing ELSS Mutual Funds 2025 - 2026

*List for Funds based on Assets >= 100 Crore & Sorted on 3 Year CAGR Return.

1. Motilal Oswal Long Term Equity Fund

(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.

Research Highlights for Motilal Oswal Long Term Equity Fund

  • Lower mid AUM (₹4,506 Cr).
  • Established history (10+ yrs).
  • Not Rated.
  • Risk profile: Moderately High.
  • 5Y return: 25.13% (top quartile).
  • 3Y return: 24.54% (top quartile).
  • 1Y return: 3.23% (bottom quartile).
  • Alpha: 6.93 (top quartile).
  • Sharpe: 0.26 (lower mid).
  • Information ratio: 1.02 (lower mid).
  • Higher exposure to Industrials vs peer median.
  • Top bond sector: Cash Equivalent.
  • Equity-heavy allocation (~99%).
  • Largest holding Eternal Ltd (~5.3%).

Below is the key information for Motilal Oswal Long Term Equity Fund

Motilal Oswal Long Term Equity Fund
Growth
Launch Date 21 Jan 15
NAV (08 Aug 25) ₹50.1535 ↓ -1.06   (-2.07 %)
Net Assets (Cr) ₹4,506 on 30 Jun 25
Category Equity - ELSS
AMC Motilal Oswal Asset Management Co. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 0.74
Sharpe Ratio 0.26
Information Ratio 1.02
Alpha Ratio 6.93
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 20₹10,000
31 Jul 21₹15,917
31 Jul 22₹15,790
31 Jul 23₹19,504
31 Jul 24₹31,082
31 Jul 25₹32,246

Motilal Oswal Long Term Equity Fund 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 Motilal Oswal Long Term Equity Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

DurationReturns
1 Month -4.8%
3 Month 9.7%
6 Month 6%
1 Year 3.2%
3 Year 24.5%
5 Year 25.1%
10 Year
15 Year
Since launch 16.5%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2015
Fund Manager information for Motilal Oswal Long Term Equity Fund
NameSinceTenure
Ajay Khandelwal11 Dec 231.64 Yr.
Rakesh Shetty22 Nov 222.69 Yr.
Atul Mehra1 Oct 240.83 Yr.

Data below for Motilal Oswal Long Term Equity Fund as on 30 Jun 25

Equity Sector Allocation
SectorValue
Industrials35.64%
Financial Services20.78%
Consumer Cyclical18.73%
Technology10.72%
Basic Materials5.55%
Real Estate3.88%
Health Care3.27%
Communication Services0.61%
Asset Allocation
Asset ClassValue
Cash0.81%
Equity99.19%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320		5%₹237 Cr8,970,581
↓ -953,111
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 29 Feb 24 | MCX		5%₹222 Cr248,438
↑ 13,355
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | 500251		5%₹214 Cr344,266
↓ -80,994
Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 23 | BDL		5%₹205 Cr1,056,315
Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Jun 23 | KAYNES		4%₹181 Cr297,751
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE		4%₹175 Cr1,055,205
Suzlon Energy Ltd (Industrials)
Equity, Since 31 Jan 24 | SUZLON		4%₹167 Cr24,702,337
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Apr 24 | BEL		4%₹166 Cr3,950,000
Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Mar 24 | AMBER		4%₹163 Cr240,350
Waaree Energies Ltd (Technology)
Equity, Since 31 Oct 24 | 544277		3%₹153 Cr487,045
↑ 28,725

2. SBI Magnum Tax Gain Fund

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

  • Highest AUM (₹30,616 Cr).
  • Established history (18+ yrs).
  • Rating: 2★ (lower mid).
  • Risk profile: Moderately High.
  • 5Y return: 24.94% (upper mid).
  • 3Y return: 23.74% (upper mid).
  • 1Y return: -1.66% (bottom quartile).
  • Alpha: 0.00 (bottom quartile).
  • Sharpe: -0.02 (bottom quartile).
  • Information ratio: 2.04 (top quartile).
  • Top sector: Financial Services.
  • Top bond sector: Cash Equivalent.
  • Equity-heavy allocation (~94%).
  • High-quality debt (AAA/AA ~100%).
  • Largest holding HDFC Bank Ltd (~9.3%).

Below is the key information for SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund
Growth
Launch Date 7 May 07
NAV (08 Aug 25) ₹426.177 ↓ -3.60   (-0.84 %)
Net Assets (Cr) ₹30,616 on 30 Jun 25
Category Equity - ELSS
AMC SBI Funds Management Private Limited
Rating ☆☆
Risk Moderately High
Expense Ratio 1.72
Sharpe Ratio -0.02
Information Ratio 2.04
Alpha Ratio 0
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 20₹10,000
31 Jul 21₹15,015
31 Jul 22₹16,025
31 Jul 23₹20,617
31 Jul 24₹32,306
31 Jul 25₹31,530

SBI Magnum Tax Gain Fund 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 SBI Magnum Tax Gain Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 8 Aug 25

DurationReturns
1 Month -4.4%
3 Month 3%
6 Month 2.8%
1 Year -1.7%
3 Year 23.7%
5 Year 24.9%
10 Year
15 Year
Since launch 12.3%
Historical performance (Yearly) on absolute basis
YearReturns
2024 27.7%
2023 40%
2022 6.9%
2021 31%
2020 18.9%
2019 4%
2018 -8.3%
2017 33%
2016 2.1%
2015 3.2%
Fund Manager information for SBI Magnum Tax Gain Fund
NameSinceTenure
Dinesh Balachandran10 Sep 168.89 Yr.

Data below for SBI Magnum Tax Gain Fund as on 30 Jun 25

Equity Sector Allocation
SectorValue
Financial Services28.38%
Technology9.8%
Basic Materials9.58%
Energy9.52%
Consumer Cyclical8.7%
Industrials8.15%
Health Care7.37%
Utility4.84%
Consumer Defensive4.46%
Communication Services2.01%
Real Estate1.06%
Asset Allocation
Asset ClassValue
Cash6%
Equity93.88%
Debt0.13%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK		9%₹2,861 Cr14,293,253
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE		6%₹1,692 Cr11,275,148
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | 532174		4%₹1,072 Cr7,416,237
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Oct 21 | TATASTEEL		3%₹991 Cr62,000,000
Cipla Ltd (Healthcare)
Equity, Since 31 Jul 18 | 500087		3%₹918 Cr6,098,542
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC		3%₹892 Cr21,414,825
Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | 532779		3%₹823 Cr5,610,813
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M		3%₹801 Cr2,515,083
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | KOTAKBANK		3%₹790 Cr3,650,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | 532215		3%₹776 Cr6,473,332

3. HDFC Tax Saver Fund

The fund plans to provide long term growth of capital.

Research Highlights for HDFC Tax Saver Fund

  • Upper mid AUM (₹16,908 Cr).
  • Oldest track record among peers (29 yrs).
  • Rating: 2★ (bottom quartile).
  • Risk profile: Moderately High.
  • 5Y return: 24.88% (lower mid).
  • 3Y return: 21.41% (lower mid).
  • 1Y return: 4.71% (lower mid).
  • Alpha: 2.56 (upper mid).
  • Sharpe: 0.22 (bottom quartile).
  • Information ratio: 1.35 (upper mid).
  • Higher exposure to Financial Services vs peer median.
  • Top bond sector: Cash Equivalent.
  • Equity-heavy allocation (~92%).
  • High-quality debt (AAA/AA ~100%).
  • Largest holding HDFC Bank Ltd (~9.8%).

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund
Growth
Launch Date 31 Mar 96
NAV (08 Aug 25) ₹1,379.06 ↓ -12.78   (-0.92 %)
Net Assets (Cr) ₹16,908 on 30 Jun 25
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating ☆☆
Risk Moderately High
Expense Ratio 1.75
Sharpe Ratio 0.22
Information Ratio 1.35
Alpha Ratio 2.56
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 Jul 20₹10,000
31 Jul 21₹14,861
31 Jul 22₹16,842
31 Jul 23₹20,755
31 Jul 24₹30,205
31 Jul 25₹31,268

HDFC 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 ₹556,833.
Net Profit of ₹256,833 Invest Now

Returns for HDFC 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 8 Aug 25

DurationReturns
1 Month -3.2%
3 Month 2.2%
6 Month 5.4%
1 Year 4.7%
3 Year 21.4%
5 Year 24.9%
10 Year
15 Year
Since launch
Historical performance (Yearly) on absolute basis
YearReturns
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%
2015 -6.2%
Fund Manager information for HDFC Tax Saver Fund
NameSinceTenure
Roshi Jain13 Jan 223.55 Yr.
Dhruv Muchhal22 Jun 232.11 Yr.

Data below for HDFC Tax Saver Fund as on 30 Jun 25

Equity Sector Allocation
SectorValue
Financial Services41.29%
Consumer Cyclical15.83%
Health Care9.08%
Technology5.84%
Basic Materials5.69%
Industrials5.54%
Communication Services4.74%
Utility1.78%
Energy1.19%
Consumer Defensive0.84%
Real Estate0.49%
Asset Allocation
Asset ClassValue
Cash7.38%
Equity92.31%
Debt0.3%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK		10%₹1,661 Cr8,300,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | 532174		9%₹1,590 Cr11,000,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215		9%₹1,439 Cr12,000,000
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE		5%₹827 Cr4,500,000
Cipla Ltd (Healthcare)
Equity, Since 31 Oct 09 | 500087		5%₹813 Cr5,400,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | KOTAKBANK		4%₹757 Cr3,500,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL		4%₹683 Cr3,400,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | MARUTI		4%₹682 Cr550,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH		3%₹579 Cr3,350,000
Hyundai Motor India Ltd (Consumer Cyclical)
Equity, Since 31 Oct 24 | HYUNDAI		3%₹444 Cr2,000,000

4. IDBI Equity Advantage Fund

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

  • Bottom quartile AUM (₹485 Cr).
  • Established history (11+ yrs).
  • Top rated.
  • Risk profile: Moderately High.
  • 5Y return: 9.97% (bottom quartile).
  • 3Y return: 20.84% (bottom quartile).
  • 1Y return: 16.92% (upper mid).
  • Alpha: 1.78 (lower mid).
  • Sharpe: 1.21 (upper mid).
  • Information ratio: -1.13 (bottom quartile).

Below is the key information for 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.

DateValue
31 Jul 20₹10,000
31 Jul 21₹14,338
31 Jul 22₹15,363

IDBI Equity 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 ₹385,859.
Net Profit of ₹85,859 Invest Now

Returns for IDBI Equity 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 8 Aug 25

DurationReturns
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
YearReturns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Fund Manager information for IDBI Equity Advantage Fund
NameSinceTenure

Data below for IDBI Equity Advantage Fund as on 30 Jun 23

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

5. HDFC Long Term Advantage Fund

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

  • Bottom quartile AUM (₹1,318 Cr).
  • Established history (24+ yrs).
  • Rating: 3★ (upper mid).
  • Risk profile: Moderately High.
  • 5Y return: 17.39% (bottom quartile).
  • 3Y return: 20.64% (bottom quartile).
  • 1Y return: 35.51% (top quartile).
  • Alpha: 1.75 (bottom quartile).
  • Sharpe: 2.27 (top quartile).
  • Information ratio: -0.15 (bottom quartile).

Below is the key information for 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.

DateValue
31 Jul 20₹10,000
31 Jul 21₹15,844

HDFC Long Term 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 ₹470,047.
Net Profit of ₹170,047 Invest Now

Purchase not allowed

Returns for HDFC Long Term 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 8 Aug 25

DurationReturns
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
YearReturns
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
Fund Manager information for HDFC Long Term Advantage Fund
NameSinceTenure

Data below for HDFC Long Term Advantage Fund as on 30 Nov 21

Equity Sector Allocation
SectorValue
Asset Allocation
Asset ClassValue
Top Securities Holdings / Portfolio
NameHoldingValueQuantity

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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