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5 Best Performing ELSS Mutual Funds 2025 | Fincash.com

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5 Best ELSS Mutual Funds Investments in India for 2025

Updated on June 5, 2025 , 61970 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.

Motilal Oswal Long Term Equity Fund is a Equity - ELSS fund was launched on 21 Jan 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 17.3% since its launch.  Return for 2024 was 47.7% , 2023 was 37% and 2022 was 1.8% .

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 (06 Jun 25) ₹52.4849 ↑ 0.38   (0.74 %)
Net Assets (Cr) ₹3,897 on 30 Apr 25
Category Equity - ELSS
AMC Motilal Oswal Asset Management Co. Ltd
Rating Not Rated
Risk Moderately High
Expense Ratio 0.74
Sharpe Ratio 0.08
Information Ratio 0.77
Alpha Ratio 1.58
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 20₹10,000
31 May 21₹16,160
31 May 22₹16,757
31 May 23₹20,100
31 May 24₹30,805
31 May 25₹35,818

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 ₹612,552.
Net Profit of ₹312,552
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 6 Jun 25

DurationReturns
1 Month 15.1%
3 Month 22.6%
6 Month -6.3%
1 Year 17.4%
3 Year 30.1%
5 Year 28.1%
10 Year
15 Year
Since launch 17.3%
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 231.47 Yr.
Rakesh Shetty22 Nov 222.52 Yr.
Atul Mehra1 Oct 240.66 Yr.

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

Equity Sector Allocation
SectorValue
Industrials37.3%
Consumer Cyclical20.59%
Financial Services17.43%
Technology8.6%
Real Estate6.27%
Basic Materials5.67%
Health Care2.96%
Asset Allocation
Asset ClassValue
Cash1.18%
Equity98.82%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
Trent Ltd (Consumer Cyclical)
Equity, Since 31 Aug 22 | TRENT
6%₹240 Cr425,260
Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320
5%₹236 Cr9,923,692
Bharat Dynamics Ltd Ordinary Shares (Industrials)
Equity, Since 31 Dec 23 | BDL
5%₹213 Cr1,056,315
Kaynes Technology India Ltd (Industrials)
Equity, Since 30 Jun 23 | KAYNES
4%₹178 Cr297,751
Suzlon Energy Ltd (Industrials)
Equity, Since 31 Jan 24 | SUZLON
4%₹177 Cr24,702,337
Inox Wind Ltd (Industrials)
Equity, Since 31 Dec 23 | 539083
4%₹159 Cr8,173,777
Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Mar 24 | AMBER
4%₹156 Cr240,350
Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 29 Feb 24 | MCX
4%₹155 Cr235,083
Prestige Estates Projects Ltd (Real Estate)
Equity, Since 31 Oct 23 | PRESTIGE
4%₹155 Cr1,055,205
Bharat Electronics Ltd (Industrials)
Equity, Since 30 Apr 24 | BEL
3%₹152 Cr3,950,000

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.

SBI Magnum Tax Gain Fund is a Equity - ELSS fund was launched on 7 May 07. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.5% since its launch.  Ranked 31 in ELSS category.  Return for 2024 was 27.7% , 2023 was 40% and 2022 was 6.9% .

Below is the key information for SBI Magnum Tax Gain Fund

SBI Magnum Tax Gain Fund
Growth
Launch Date 7 May 07
NAV (06 Jun 25) ₹436.584 ↑ 3.63   (0.84 %)
Net Assets (Cr) ₹28,506 on 30 Apr 25
Category Equity - ELSS
AMC SBI Funds Management Private Limited
Rating
Risk Moderately High
Expense Ratio 1.72
Sharpe Ratio 0.08
Information Ratio 2.37
Alpha Ratio 1.12
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 20₹10,000
31 May 21₹16,565
31 May 22₹17,878
31 May 23₹21,404
31 May 24₹33,404
31 May 25₹36,688

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 ₹612,552.
Net Profit of ₹312,552
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 6 Jun 25

DurationReturns
1 Month 5%
3 Month 9.9%
6 Month -0.9%
1 Year 10.2%
3 Year 27.5%
5 Year 28.5%
10 Year
15 Year
Since launch 12.5%
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 168.73 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services28%
Energy9.79%
Technology9.75%
Consumer Cyclical8.1%
Basic Materials7.82%
Industrials7.66%
Health Care7.19%
Consumer Defensive5.01%
Utility4.79%
Communication Services2%
Real Estate0.76%
Asset Allocation
Asset ClassValue
Cash9.14%
Equity90.86%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK
10%₹2,751 Cr14,293,253
Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE
6%₹1,584 Cr11,275,148
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK
4%₹1,058 Cr7,416,237
ITC Ltd (Consumer Defensive)
Equity, Since 29 Feb 12 | ITC
3%₹912 Cr21,414,825
↑ 7,000,000
Tata Steel Ltd (Basic Materials)
Equity, Since 31 Oct 21 | TATASTEEL
3%₹868 Cr62,000,000
↑ 4,367,450
Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | 532779
3%₹864 Cr5,610,813
Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | 532215
3%₹767 Cr6,473,332
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 31 Dec 16 | M&M
3%₹737 Cr2,515,083
State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN
3%₹736 Cr9,335,639
Cipla Ltd (Healthcare)
Equity, Since 31 Jul 18 | 500087
3%₹730 Cr4,711,312
↑ 325,884

3. HDFC Tax Saver Fund

The fund plans to provide long term growth of capital.

HDFC Tax Saver Fund is a Equity - ELSS fund was launched on 31 Mar 96. It is a fund with Moderately High risk and has given a CAGR/Annualized return of since its launch.  Ranked 27 in ELSS category.  Return for 2024 was 21.3% , 2023 was 33.2% and 2022 was 10.5% .

Below is the key information for HDFC Tax Saver Fund

HDFC Tax Saver Fund
Growth
Launch Date 31 Mar 96
NAV (06 Jun 25) ₹1,395.27 ↑ 14.13   (1.02 %)
Net Assets (Cr) ₹16,232 on 30 Apr 25
Category Equity - ELSS
AMC HDFC Asset Management Company Limited
Rating
Risk Moderately High
Expense Ratio 1.75
Sharpe Ratio 0.5
Information Ratio 2.09
Alpha Ratio 6.51
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 20₹10,000
31 May 21₹15,721
31 May 22₹18,278
31 May 23₹21,373
31 May 24₹30,941
31 May 25₹34,837

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 ₹598,181.
Net Profit of ₹298,181
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 6 Jun 25

DurationReturns
1 Month 3.1%
3 Month 11.7%
6 Month 2.1%
1 Year 11.7%
3 Year 24.6%
5 Year 27.1%
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 223.38 Yr.
Dhruv Muchhal22 Jun 231.94 Yr.

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

Equity Sector Allocation
SectorValue
Financial Services42.3%
Consumer Cyclical14.48%
Health Care9.4%
Industrials5.83%
Technology5.55%
Basic Materials5.49%
Communication Services4.51%
Utility1.89%
Consumer Defensive0.96%
Real Estate0.93%
Energy0.62%
Asset Allocation
Asset ClassValue
Cash7.72%
Equity91.97%
Debt0.32%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK
10%₹1,613 Cr11,300,000
↓ -700,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 15 | HDFCBANK
10%₹1,598 Cr8,300,000
↓ -300,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
9%₹1,422 Cr12,000,000
↓ -1,000,000
Cipla Ltd (Healthcare)
Equity, Since 31 Oct 09 | 500087
5%₹837 Cr5,400,000
SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Jan 22 | SBILIFE
5%₹795 Cr4,500,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | KOTAKBANK
5%₹773 Cr3,500,000
Maruti Suzuki India Ltd (Consumer Cyclical)
Equity, Since 31 Jan 24 | MARUTI
4%₹674 Cr550,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Nov 19 | BHARTIARTL
4%₹634 Cr3,400,000
↓ -100,000
HCL Technologies Ltd (Technology)
Equity, Since 30 Sep 20 | HCLTECH
3%₹525 Cr3,350,000
Bajaj Auto Ltd (Consumer Cyclical)
Equity, Since 31 Jan 22 | 532977
2%₹381 Cr475,000
↑ 175,000

4. L&T Tax Advantage Fund

To generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities.

L&T Tax Advantage Fund is a Equity - ELSS fund was launched on 27 Feb 06. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.4% since its launch.  Ranked 7 in ELSS category.  Return for 2024 was 33% , 2023 was 28.4% and 2022 was -3% .

Below is the key information for L&T Tax Advantage Fund

L&T Tax Advantage Fund
Growth
Launch Date 27 Feb 06
NAV (06 Jun 25) ₹134.29 ↑ 1.20   (0.90 %)
Net Assets (Cr) ₹3,917 on 30 Apr 25
Category Equity - ELSS
AMC L&T Investment Management Ltd
Rating
Risk Moderately High
Expense Ratio 1.89
Sharpe Ratio 0.13
Information Ratio 0.39
Alpha Ratio 2
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 20₹10,000
31 May 21₹16,072
31 May 22₹16,614
31 May 23₹19,190
31 May 24₹26,811
31 May 25₹29,875

L&T 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 ₹543,623.
Net Profit of ₹243,623
Invest Now

Returns for L&T 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 6 Jun 25

DurationReturns
1 Month 8.4%
3 Month 13.5%
6 Month -3.4%
1 Year 12.4%
3 Year 22.6%
5 Year 23.6%
10 Year
15 Year
Since launch 14.4%
Historical performance (Yearly) on absolute basis
YearReturns
2024 33%
2023 28.4%
2022 -3%
2021 30.3%
2020 13.5%
2019 4.6%
2018 -8.1%
2017 42.3%
2016 8.1%
2015 2.9%
Fund Manager information for L&T Tax Advantage Fund
NameSinceTenure
Sonal Gupta21 Jul 213.86 Yr.
Abhishek Gupta1 Mar 241.25 Yr.

Data below for L&T Tax Advantage Fund as on 30 Apr 25

Equity Sector Allocation
SectorValue
Financial Services26.16%
Consumer Cyclical18.76%
Industrials16.95%
Technology10.59%
Basic Materials5.95%
Health Care5.84%
Energy4.51%
Consumer Defensive3.35%
Utility3.26%
Communication Services2.22%
Real Estate1.47%
Asset Allocation
Asset ClassValue
Cash0.65%
Equity99.35%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 06 | HDFCBANK
6%₹224 Cr1,162,500
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 09 | ICICIBANK
4%₹165 Cr1,155,500
Reliance Industries Ltd (Energy)
Equity, Since 30 Nov 21 | RELIANCE
3%₹134 Cr951,812
Infosys Ltd (Technology)
Equity, Since 31 Mar 06 | INFY
3%₹116 Cr774,900
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 22 | LT
3%₹101 Cr301,450
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jan 24 | BHARTIARTL
2%₹87 Cr467,000
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 23 | SHRIRAMFIN
2%₹79 Cr1,291,500
State Bank of India (Financial Services)
Equity, Since 31 Jan 19 | SBIN
2%₹78 Cr984,432
Eternal Ltd (Consumer Cyclical)
Equity, Since 31 Oct 23 | 543320
2%₹73 Cr3,150,000
Persistent Systems Ltd (Technology)
Equity, Since 31 Jul 21 | PERSISTENT
2%₹71 Cr133,000

5. DSP BlackRock Tax Saver Fund

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.

DSP BlackRock Tax Saver Fund is a Equity - ELSS fund was launched on 18 Jan 07. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.4% since its launch.  Ranked 12 in ELSS category.  Return for 2024 was 23.9% , 2023 was 30% and 2022 was 4.5% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund
Growth
Launch Date 18 Jan 07
NAV (06 Jun 25) ₹139.428 ↑ 1.28   (0.93 %)
Net Assets (Cr) ₹16,638 on 30 Apr 25
Category Equity - ELSS
AMC DSP BlackRock Invmt Managers Pvt. Ltd.
Rating
Risk Moderately High
Expense Ratio 1.78
Sharpe Ratio 0.42
Information Ratio 1.18
Alpha Ratio 6.65
Min Investment 500
Min SIP Investment 500
Exit Load NIL

Growth of 10,000 investment over the years.

DateValue
31 May 20₹10,000
31 May 21₹17,223
31 May 22₹18,425
31 May 23₹20,708
31 May 24₹29,354
31 May 25₹33,238

DSP BlackRock 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 DSP BlackRock 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 6 Jun 25

DurationReturns
1 Month 3.9%
3 Month 11.3%
6 Month -0.7%
1 Year 13%
3 Year 22.6%
5 Year 26.2%
10 Year
15 Year
Since launch 15.4%
Historical performance (Yearly) on absolute basis
YearReturns
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%
2015 4.4%
Fund Manager information for DSP BlackRock Tax Saver Fund
NameSinceTenure
Rohit Singhania16 Jul 159.88 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 30 Apr 25

Equity Sector Allocation
SectorValue
Financial Services35.2%
Health Care10.16%
Consumer Cyclical9.56%
Basic Materials8.6%
Technology5.8%
Communication Services5.48%
Consumer Defensive5.19%
Industrials5.15%
Energy4.36%
Utility3.99%
Asset Allocation
Asset ClassValue
Cash6.52%
Equity93.48%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK
7%₹1,243 Cr6,455,598
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 16 | ICICIBANK
6%₹1,044 Cr7,317,696
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
5%₹832 Cr7,021,254
↓ -323,188
State Bank of India (Financial Services)
Equity, Since 30 Jun 20 | SBIN
5%₹782 Cr9,921,240
↑ 1,031,317
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 19 | BHARTIARTL
3%₹541 Cr2,902,421
↑ 184,053
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Oct 22 | KOTAKBANK
3%₹520 Cr2,354,158
↓ -375,312
Infosys Ltd (Technology)
Equity, Since 31 Mar 12 | INFY
2%₹400 Cr2,666,937
Cipla Ltd (Healthcare)
Equity, Since 30 Apr 23 | 500087
2%₹390 Cr2,514,972
Mahindra & Mahindra Ltd (Consumer Cyclical)
Equity, Since 30 Nov 21 | M&M
2%₹372 Cr1,269,729
↑ 113,983
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Jun 24 | LT
2%₹357 Cr1,068,068
↓ -124,643

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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Tulasi, posted on 4 Sep 21 7:02 AM

Nice article

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