Discover Mutual Funds
Tax-saving funds, or Equity-Linked Savings Schemes (ELSS), invest mainly in stocks and provide tax benefits under Section 80C, up to a maximum amount of ₹1.5 lakhs. They have a mandatory lock-in of three years. ELSS funds offer potential for high returns but come with market risk. They are suitable for investors looking to reduce their taxable income while aiming for long-term growth. These funds are popular for their combination of tax benefits and wealth-building potential.
Market winners
| Fund Name | 1 Yr. Return | 3 Yr. Return | 5 Yr. Return | Fund Size | Expense Ratio | ||
 |
SBI Long Term Equity Fund - Direct (G) | 11.35% | 29.08% | 30.86% | ₹28506 Cr | 0.95% | |
 |
HDFC ELSS Tax Saver Fund - Direct (G) | 16.19% | 26.92% | 30.23% | ₹16232 Cr | 1.11% | |
 |
Quant ELSS Tax Saver Fund - Direct (G) | -4.33% | 21.31% | 36.49% | ₹10873 Cr | 0.5% | |
 |
Parag Parikh ELSS Tax Saver Fund - Direct (G) | 16.01% | 22.37% | 29.02% | ₹5085 Cr | 0.63% | |
 |
Motilal Oswal ELSS Tax Saver Fund-Dir (G) | 14.27% | 30.13% | 29.82% | ₹3897 Cr | 0.7% | |
 |
DSP ELSS Tax Saver Fund - Direct (G) | 17.2% | 24.34% | 28.94% | ₹16638 Cr | 0.75% | |
 |
Franklin India ELSS Tax Saver Fund - Direct (G) | 13.23% | 24.2% | 29.55% | ₹6592 Cr | 1.08% | |
 |
JM ELSS Tax Saver Fund - Direct (G) | 8.46% | 23.9% | 28.79% | ₹189 Cr | 1.03% | |
 |
Quantum ELSS Tax Saver Fund - Direct (G) | 12.47% | 21.72% | 25.98% | ₹216 Cr | 0.89% | |
 |
Bandhan ELSS Tax Saver Fund - Direct (G) | 7.4% | 19.95% | 30.4% | ₹6806 Cr | 0.69% |
Calculator
Understanding Tax Saving Funds
ELSS funds invest mainly in equities and offer tax benefits under Section 80C, with a three-year lock-in period. The tax benefit can extend up to a maximum amount of ₹1.5 lakhs.
ELSS funds provide a unique combination of tax savings and growth potential, making them an attractive option for taxpayers. By investing in ELSS, you can reduce your taxable income under Section 80C, while also aiming for higher returns through equity exposure. These funds encourage long-term investing, which can lead to significant wealth accumulation over time. The three-year lock-in period is relatively short, allowing you to enjoy tax benefits without a long commitment. ELSS funds are ideal for investors who want to build an equity portfolio while saving on taxes.
Suited for taxpayers who want equity exposure with tax savings.
Short term capital gains on {{fund_type}} mutual funds are 15%, while long term capital gains are 12.5% (above ₹1.25 lakh).
ELSS funds carry moderate to high risk due to their equity exposure, though they also offer tax benefits.
Yes, if you want tax savings and are willing to invest in equities with a three-year lock-in period.
The minimum is three years, but staying invested longer can help maximize returns.
No, ELSS funds have a mandatory lock-in period of three years.
Expense ratios for ELSS funds can vary from 1% to 2%, which is typical for actively managed funds.
Invest your way
By joining our referral program, you agree to our Terms of Use
Powered by Viral Loops.
Invest as little as Re.1 in US Stocks
