5 Best Performing ELSS Mutual Funds SIP 2024 for Tax Savings u/s 80c

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Top 5 Best Performing ELSS Mutual Funds SIP FY 24 - 25
Top 5 Equity - ELSS Funds

Best ELSS Mutual Funds for SIP Investment in 2024

Updated on December 16, 2024 , 4950 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. Moreover, the ELSS Mutual Funds are open-ended & offer 2 modes of investments

Lump sum Investment
SIP (Systematic Investment plan) Investment

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Top 5 Best Performing ELSS Mutual Funds SIP FY 24 - 25

1. Tata India Tax Savings Fund

To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation..

Tata India Tax Savings Fund is a Equity - ELSS fund was launched on 13 Oct 14. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 15.9% since its launch. Ranked 1 in ELSS category. Return for 2023 was 24% , 2022 was 5.9% and 2021 was 30.4% .

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund Growth
Launch Date	13 Oct 14
NAV (18 Dec 24)	₹44.9453 ↓ -0.24 (-0.54 %)
Net Assets (Cr)	₹4,680 on 31 Oct 24
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	0
Sharpe Ratio	2.02
Information Ratio	0.15
Alpha Ratio	2.46
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Nov 19	₹10,000
30 Nov 20	₹10,480
30 Nov 21	₹14,176
30 Nov 22	₹15,926
30 Nov 23	₹17,897
30 Nov 24	₹23,026

Tata India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹481,656.
Net Profit of ₹181,656 Invest Now

Returns for Tata India Tax Savings Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Dec 24

Duration	Returns
1 Month	5.4%
3 Month	-2.7%
6 Month	6.9%
1 Year	23%
3 Year	18.1%
5 Year	18.5%
10 Year
15 Year
Since launch	15.9%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	24%
2022	5.9%
2021	30.4%
2020	11.9%
2019	13.6%
2018	-8.4%
2017	46%
2016	2.1%
2015	13.3%
2014

Fund Manager information for Tata India Tax Savings Fund

Name	Since	Tenure
Sailesh Jain	16 Dec 21	2.96 Yr.
Tejas Gutka	9 Mar 21	3.73 Yr.

Data below for Tata India Tax Savings Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Financial Services	29.61%
Consumer Cyclical	16.1%
Industrials	14.02%
Basic Materials	7.52%
Technology	7.17%
Energy	5.24%
Communication Services	4.97%
Utility	3.77%
Health Care	3.2%
Real Estate	2.93%
Consumer Defensive	1.77%

Asset Allocation

Asset Class	Value
Cash	3.69%
Equity	96.31%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	6%	₹299 Cr	1,725,000
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	6%	₹275 Cr	2,125,000
Infosys Ltd (Technology) Equity, Since 30 Sep 18 \| INFY	4%	₹204 Cr	1,160,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	4%	₹180 Cr	1,350,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	4%	₹178 Cr	2,175,000
Bharti Airtel Ltd (Communication Services) Equity, Since 30 Sep 19 \| BHARTIARTL	3%	₹152 Cr	940,000
Axis Bank Ltd (Financial Services) Equity, Since 31 Aug 18 \| 532215	3%	₹151 Cr	1,300,000
NTPC Ltd (Utilities) Equity, Since 30 Jun 21 \| 532555	3%	₹141 Cr	3,451,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 16 \| LT	3%	₹128 Cr	352,147
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 30 Nov 22 \| MOTHERSON	3%	₹123 Cr	6,800,000

2. IDFC Tax Advantage (ELSS) Fund

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

IDFC Tax Advantage (ELSS) Fund is a Equity - ELSS fund was launched on 26 Dec 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 18.5% since its launch. Ranked 3 in ELSS category. Return for 2023 was 28.3% , 2022 was 4.2% and 2021 was 49.2% .

Below is the key information for IDFC Tax Advantage (ELSS) Fund

IDFC Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (18 Dec 24)	₹150.258 ↓ -0.72 (-0.47 %)
Net Assets (Cr)	₹6,900 on 31 Oct 24
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.79
Sharpe Ratio	1.63
Information Ratio	-0.02
Alpha Ratio	-2.48
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Nov 19	₹10,000
30 Nov 20	₹11,002
30 Nov 21	₹16,852
30 Nov 22	₹18,885
30 Nov 23	₹22,323
30 Nov 24	₹27,068

IDFC Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹530,691.
Net Profit of ₹230,691 Invest Now

Returns for IDFC Tax Advantage (ELSS) Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Dec 24

Duration	Returns
1 Month	3.2%
3 Month	-5.6%
6 Month	1.3%
1 Year	16.6%
3 Year	16.7%
5 Year	22.5%
10 Year
15 Year
Since launch	18.5%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	28.3%
2022	4.2%
2021	49.2%
2020	18.7%
2019	1.9%
2018	-9.4%
2017	53.4%
2016	0.4%
2015	6.9%
2014	42.2%

Fund Manager information for IDFC Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	8.12 Yr.
Ritika Behera	7 Oct 23	1.15 Yr.
Gaurav Satra	10 Jun 24	0.47 Yr.

Data below for IDFC Tax Advantage (ELSS) Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Financial Services	27.09%
Technology	10.03%
Consumer Cyclical	9.81%
Industrials	9.07%
Basic Materials	8.91%
Health Care	8.71%
Consumer Defensive	8.32%
Energy	5.6%
Utility	3.56%
Communication Services	3.33%
Real Estate	1.52%

Asset Allocation

Asset Class	Value
Cash	4.05%
Equity	95.95%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	6%	₹434 Cr	2,500,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	6%	₹388 Cr	3,000,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	5%	₹346 Cr	2,600,000 ↑ 100,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| 532215	4%	₹290 Cr	2,500,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	4%	₹246 Cr	1,400,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	3%	₹177 Cr	1,100,000
NTPC Ltd (Utilities) Equity, Since 30 Sep 22 \| 532555	2%	₹163 Cr	4,000,000
CG Power & Industrial Solutions Ltd (Industrials) Equity, Since 31 Aug 17 \| 500093	2%	₹141 Cr	2,000,000 ↓ -50,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 21 \| TCS	2%	₹139 Cr	350,000 ↑ 50,000
Jindal Steel & Power Ltd (Basic Materials) Equity, Since 31 Mar 18 \| 532286	2%	₹138 Cr	1,500,000

3. 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 15% since its launch. Ranked 7 in ELSS category. Return for 2023 was 28.4% , 2022 was -3% and 2021 was 30.3% .

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

L&T Tax Advantage Fund Growth
Launch Date	27 Feb 06
NAV (18 Dec 24)	₹138.801 ↓ -0.75 (-0.54 %)
Net Assets (Cr)	₹4,253 on 31 Oct 24
Category	Equity - ELSS
AMC	L&T Investment Management Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.89
Sharpe Ratio	2.72
Information Ratio	0.6
Alpha Ratio	11.67
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Nov 19	₹10,000
30 Nov 20	₹10,772
30 Nov 21	₹14,216
30 Nov 22	₹14,865
30 Nov 23	₹17,393
30 Nov 24	₹24,422

L&T Tax Advantage Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹505,644.
Net Profit of ₹205,644 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 18 Dec 24

Duration	Returns
1 Month	8.3%
3 Month	1.2%
6 Month	8.6%
1 Year	37.4%
3 Year	20.6%
5 Year	20.2%
10 Year
15 Year
Since launch	15%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2014	44.8%

Fund Manager information for L&T Tax Advantage Fund

Name	Since	Tenure
Gautam Bhupal	26 Nov 22	2.02 Yr.
Sonal Gupta	21 Jul 21	3.37 Yr.
Abhishek Gupta	1 Mar 24	0.75 Yr.

Data below for L&T Tax Advantage Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Financial Services	23.58%
Industrials	20.73%
Consumer Cyclical	16.37%
Technology	10.35%
Basic Materials	6.47%
Health Care	5.63%
Energy	4.08%
Utility	3.72%
Consumer Defensive	3.56%
Real Estate	2.63%
Communication Services	1.77%

Asset Allocation

Asset Class	Value
Cash	1.1%
Equity	98.9%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Mar 06 \| HDFCBANK	5%	₹202 Cr	1,162,500
ICICI Bank Ltd (Financial Services) Equity, Since 30 Jun 09 \| ICICIBANK	4%	₹149 Cr	1,155,500
Infosys Ltd (Technology) Equity, Since 31 Mar 06 \| INFY	3%	₹136 Cr	774,900 ↑ 71,800
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	3%	₹127 Cr	951,812
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Jul 22 \| LT	3%	₹109 Cr	301,450
Trent Ltd (Consumer Cyclical) Equity, Since 30 Nov 23 \| 500251	2%	₹92 Cr	128,900 ↓ -29,200
Persistent Systems Ltd (Technology) Equity, Since 31 Jul 21 \| PERSISTENT	2%	₹86 Cr	160,000 ↓ -24,700
Shriram Finance Ltd (Financial Services) Equity, Since 30 Jun 23 \| SHRIRAMFIN	2%	₹81 Cr	258,300
State Bank of India (Financial Services) Equity, Since 31 Jan 19 \| SBIN	2%	₹81 Cr	984,432
Zomato Ltd (Consumer Cyclical) Equity, Since 31 Oct 23 \| 543320	2%	₹76 Cr	3,150,000 ↓ -343,588

4. 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 15.8% since its launch. Ranked 12 in ELSS category. Return for 2023 was 30% , 2022 was 4.5% and 2021 was 35.1% .

Below is the key information for DSP BlackRock Tax Saver Fund

DSP BlackRock Tax Saver Fund Growth
Launch Date	18 Jan 07
NAV (18 Dec 24)	₹137.433 ↓ -1.16 (-0.84 %)
Net Assets (Cr)	₹16,841 on 31 Oct 24
Category	Equity - ELSS
AMC	DSP BlackRock Invmt Managers Pvt. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.78
Sharpe Ratio	2.35
Information Ratio	0.76
Alpha Ratio	7.42
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Nov 19	₹10,000
30 Nov 20	₹10,754
30 Nov 21	₹15,306
30 Nov 22	₹16,719
30 Nov 23	₹19,603
30 Nov 24	₹26,581

DSP BlackRock Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹518,033.
Net Profit of ₹218,033 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 18 Dec 24

Duration	Returns
1 Month	3.8%
3 Month	-3.6%
6 Month	6%
1 Year	27.4%
3 Year	20.3%
5 Year	21.8%
10 Year
15 Year
Since launch	15.8%

Historical performance (Yearly) on absolute basis

Year	Returns
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%
2014	52.2%

Fund Manager information for DSP BlackRock Tax Saver Fund

Name	Since	Tenure
Rohit Singhania	16 Jul 15	9.39 Yr.

Data below for DSP BlackRock Tax Saver Fund as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Financial Services	37.58%
Consumer Cyclical	9.76%
Basic Materials	9.06%
Health Care	8.84%
Technology	7.81%
Industrials	7.26%
Consumer Defensive	5.19%
Utility	3.95%
Energy	3.88%
Communication Services	3.74%

Asset Allocation

Asset Class	Value
Cash	2.94%
Equity	97.06%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	10%	₹1,605 Cr	9,247,272 ↑ 347,804
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	8%	₹1,267 Cr	9,807,128 ↑ 278,934
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	4%	₹685 Cr	8,354,119 ↑ 529,828
Infosys Ltd (Technology) Equity, Since 31 Mar 12 \| INFY	4%	₹590 Cr	3,360,017 ↑ 144,060
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| 532215	3%	₹582 Cr	5,015,137 ↑ 299,081
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| KOTAKBANK	3%	₹444 Cr	2,563,049 ↑ 283,444
HCL Technologies Ltd (Technology) Equity, Since 31 Mar 21 \| HCLTECH	2%	₹401 Cr	2,270,114 ↑ 256,845
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| M&M	2%	₹393 Cr	1,439,596 ↑ 145,452
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 30 Nov 22 \| HINDUNILVR	2%	₹378 Cr	1,495,324
NTPC Ltd (Utilities) Equity, Since 31 Jan 19 \| 532555	2%	₹364 Cr	8,907,565

5. Aditya Birla Sun Life Tax Relief '96

An Open-ended equity linked savings scheme (ELSS) with the objective of long term growth of capital through a portfolio with a target allocation of 80% equity, 20% debt and money market securities

Aditya Birla Sun Life Tax Relief '96 is a Equity - ELSS fund was launched on 6 Mar 08. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 11.1% since its launch. Ranked 4 in ELSS category. Return for 2023 was 18.9% , 2022 was -1.4% and 2021 was 12.7% .

Below is the key information for Aditya Birla Sun Life Tax Relief '96

Aditya Birla Sun Life Tax Relief '96 Growth
Launch Date	6 Mar 08
NAV (18 Dec 24)	₹58.27 ↓ -0.38 (-0.65 %)
Net Assets (Cr)	₹15,895 on 31 Oct 24
Category	Equity - ELSS
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.69
Sharpe Ratio	1.91
Information Ratio	-1.66
Alpha Ratio	0.5
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
30 Nov 19	₹10,000
30 Nov 20	₹10,681
30 Nov 21	₹12,844
30 Nov 22	₹13,107
30 Nov 23	₹14,277
30 Nov 24	₹17,963

Aditya Birla Sun Life Tax Relief '96 SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684 Invest Now

Returns for Aditya Birla Sun Life Tax Relief '96

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Dec 24

Duration	Returns
1 Month	3.4%
3 Month	-5.5%
6 Month	1.9%
1 Year	20.1%
3 Year	12.2%
5 Year	12.4%
10 Year
15 Year
Since launch	11.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	18.9%
2022	-1.4%
2021	12.7%
2020	15.2%
2019	4.3%
2018	-4.5%
2017	43.2%
2016	3.4%
2015	9.2%
2014	54.6%

Fund Manager information for Aditya Birla Sun Life Tax Relief '96

Name	Since	Tenure
Dhaval Shah	31 Oct 24	0.08 Yr.
Dhaval Joshi	21 Nov 22	2.03 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 31 Oct 24

Equity Sector Allocation

Sector	Value
Financial Services	26.86%
Consumer Cyclical	18.09%
Industrials	10.71%
Health Care	9.62%
Basic Materials	8.72%
Energy	7.4%
Technology	6.81%
Consumer Defensive	4.95%
Communication Services	3.19%
Real Estate	1.48%
Utility	1.46%

Asset Allocation

Asset Class	Value
Cash	0.7%
Equity	99.3%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	7%	₹1,181 Cr	9,137,798
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	6%	₹888 Cr	5,115,495
Infosys Ltd (Technology) Equity, Since 30 Jun 08 \| INFY	5%	₹779 Cr	4,431,429
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 08 \| LT	5%	₹759 Cr	2,095,752
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	5%	₹749 Cr	5,620,426 ↑ 300,000
Fortis Healthcare Ltd (Healthcare) Equity, Since 31 Jan 20 \| 532843	3%	₹522 Cr	8,360,144
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 22 \| BHARTIARTL	3%	₹507 Cr	3,146,277
State Bank of India (Financial Services) Equity, Since 31 Jan 22 \| SBIN	2%	₹396 Cr	4,828,465
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 08 \| 532215	2%	₹393 Cr	3,388,737
TVS Holdings Ltd (Consumer Cyclical) Equity, Since 31 Aug 23 \| 520056	2%	₹378 Cr	302,632

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.