Best ELSS Mutual Funds for SIP Investment in 2026

Updated on April 12, 2026 , 5750 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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Fund Selection Methodology used to find 5 funds

Category: Equity
Sub-category: ELSS
Sorted On : drat (high to low)
Tags: fcpro
No Of Funds: 5

Top 5 Best Performing ELSS Mutual Funds SIP FY 26 - 27

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..

Research Highlights for Tata India Tax Savings Fund

Bottom quartile AUM (₹4,674 Cr).
Established history (11+ yrs).
Top rated.
Risk profile: Moderately High.
5Y return: 14.05% (bottom quartile).
3Y return: 15.25% (lower mid).
1Y return: 10.72% (lower mid).
Alpha: 2.29 (top quartile).
Sharpe: 1.18 (lower mid).
Information ratio: -0.21 (lower mid).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~98%).
Largest holding Bharti Airtel Ltd (~6.2%).

Below is the key information for Tata India Tax Savings Fund

Tata India Tax Savings Fund Growth
Launch Date	13 Oct 14
NAV (13 Apr 26)	₹43.9142 ↓ -0.28 (-0.64 %)
Net Assets (Cr)	₹4,674 on 28 Feb 26
Category	Equity - ELSS
AMC	Tata Asset Management Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.83
Sharpe Ratio	1.18
Information Ratio	-0.21
Alpha Ratio	2.29
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹12,160
31 Mar 23	₹12,153
31 Mar 24	₹16,152
31 Mar 25	₹17,712
31 Mar 26	₹17,493

Tata India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 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 13 Apr 26

Duration	Returns
1 Month	4.6%
3 Month	-2.9%
6 Month	-1.7%
1 Year	10.7%
3 Year	15.2%
5 Year	14.1%
10 Year
15 Year
Since launch	13.7%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	4.9%
2024	19.5%
2023	24%
2022	5.9%
2021	30.4%
2020	11.9%
2019	13.6%
2018	-8.4%
2017	46%
2016	2.1%

Fund Manager information for Tata India Tax Savings Fund

Name	Since	Tenure
Sailesh Jain	16 Dec 21	4.29 Yr.

Data below for Tata India Tax Savings Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	34.54%
Industrials	13.63%
Consumer Cyclical	13%
Basic Materials	7.18%
Health Care	6.4%
Communication Services	6.22%
Energy	5.77%
Technology	5.29%
Utility	3.13%
Real Estate	1.84%
Consumer Defensive	1.06%

Asset Allocation

Asset Class	Value
Cash	1.95%
Equity	98.05%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Mar 26 \| BHARTIARTL	6%	₹254 Cr	1,426,428 ↑ 1,426,428
ICICI Bank Ltd (Financial Services) Equity, Since 30 Nov 16 \| ICICIBANK	6%	₹253 Cr	2,100,000
HDFC Bank Ltd (Financial Services) Equity, Since 28 Feb 10 \| HDFCBANK	6%	₹251 Cr	3,425,000
State Bank of India (Financial Services) Equity, Since 30 Nov 18 \| SBIN	5%	₹200 Cr	2,040,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jan 18 \| RELIANCE	4%	₹181 Cr	1,350,000
NTPC Ltd (Utilities) Equity, Since 30 Jun 21 \| 532555	3%	₹128 Cr	3,451,000
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Nov 16 \| LT	3%	₹123 Cr	352,147
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 30 Nov 22 \| MOTHERSON	3%	₹107 Cr	10,200,000
Cummins India Ltd (Industrials) Equity, Since 31 Dec 20 \| 500480	3%	₹104 Cr	230,000
Infosys Ltd (Technology) Equity, Since 30 Sep 18 \| INFY	2%	₹102 Cr	816,081

2. Bandhan 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.

Research Highlights for Bandhan Tax Advantage (ELSS) Fund

Lower mid AUM (₹7,056 Cr).
Established history (17+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately High.
5Y return: 14.48% (lower mid).
3Y return: 13.71% (bottom quartile).
1Y return: 7.56% (bottom quartile).
Alpha: -0.03 (bottom quartile).
Sharpe: 0.99 (bottom quartile).
Information ratio: -0.45 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~95%).
Largest holding HDFC Bank Ltd (~7.1%).

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

Bandhan Tax Advantage (ELSS) Fund Growth
Launch Date	26 Dec 08
NAV (13 Apr 26)	₹147.539 ↓ -0.95 (-0.64 %)
Net Assets (Cr)	₹7,056 on 28 Feb 26
Category	Equity - ELSS
AMC	IDFC Asset Management Company Limited
Rating	☆☆☆☆☆
Risk	Moderately High
Expense Ratio	1.74
Sharpe Ratio	0.99
Information Ratio	-0.45
Alpha Ratio	-0.03
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹13,119
31 Mar 23	₹13,213
31 Mar 24	₹18,398
31 Mar 25	₹18,911
31 Mar 26	₹18,440

Bandhan Tax Advantage (ELSS) Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710 Invest Now

Returns for Bandhan 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 13 Apr 26

Duration	Returns
1 Month	2.4%
3 Month	-5.1%
6 Month	-3.7%
1 Year	7.6%
3 Year	13.7%
5 Year	14.5%
10 Year
15 Year
Since launch	16.8%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	8%
2024	13.1%
2023	28.3%
2022	4.2%
2021	49.2%
2020	18.7%
2019	1.9%
2018	-9.4%
2017	53.4%
2016	0.4%

Fund Manager information for Bandhan Tax Advantage (ELSS) Fund

Name	Since	Tenure
Daylynn Pinto	20 Oct 16	9.45 Yr.
Ritika Behera	7 Oct 23	2.48 Yr.
Gaurav Satra	10 Jun 24	1.81 Yr.

Data below for Bandhan Tax Advantage (ELSS) Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	31.63%
Consumer Cyclical	10.14%
Consumer Defensive	9.11%
Technology	8.71%
Energy	8.66%
Health Care	7.65%
Basic Materials	7.13%
Industrials	4.58%
Communication Services	2.7%
Utility	2.68%
Real Estate	1.82%

Asset Allocation

Asset Class	Value
Cash	5.19%
Equity	94.81%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 30 Sep 14 \| HDFCBANK	7%	₹446 Cr	6,100,000
Reliance Industries Ltd (Energy) Equity, Since 31 Jul 18 \| RELIANCE	7%	₹443 Cr	3,300,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 16 \| ICICIBANK	5%	₹326 Cr	2,700,000
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Jul 23 \| KOTAKBANK	4%	₹279 Cr	7,900,000
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 21 \| TCS	3%	₹201 Cr	850,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 21 \| 532215	3%	₹174 Cr	1,500,000
Jindal Steel Ltd (Basic Materials) Equity, Since 31 Mar 18 \| 532286	2%	₹150 Cr	1,350,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jan 20 \| BHARTIARTL	2%	₹143 Cr	801,000
Infosys Ltd (Technology) Equity, Since 31 Jul 15 \| INFY	2%	₹138 Cr	1,100,000
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	2%	₹132 Cr	1,350,000

3. 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

Research Highlights for Aditya Birla Sun Life Tax Relief '96

Upper mid AUM (₹14,788 Cr).
Established history (18+ yrs).
Rating: 4★ (lower mid).
Risk profile: Moderately High.
5Y return: 9.23% (bottom quartile).
3Y return: 14.53% (bottom quartile).
1Y return: 10.76% (upper mid).
Alpha: 2.15 (upper mid).
Sharpe: 1.21 (upper mid).
Information ratio: -0.63 (bottom quartile).
Top sector: Financial Services.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding ICICI Bank Ltd (~7.1%).

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 (13 Apr 26)	₹58.78 ↓ -0.38 (-0.64 %)
Net Assets (Cr)	₹14,788 on 28 Feb 26
Category	Equity - ELSS
AMC	Birla Sun Life Asset Management Co Ltd
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	1.68
Sharpe Ratio	1.21
Information Ratio	-0.63
Alpha Ratio	2.15
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Mar 21	₹10,000
31 Mar 22	₹10,401
31 Mar 23	₹9,946
31 Mar 24	₹13,201
31 Mar 25	₹14,152
31 Mar 26	₹14,054

Aditya Birla Sun Life Tax Relief '96 SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹385,859.
Net Profit of ₹85,859 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 13 Apr 26

Duration	Returns
1 Month	4.9%
3 Month	-5.1%
6 Month	-4.3%
1 Year	10.8%
3 Year	14.5%
5 Year	9.2%
10 Year
15 Year
Since launch	10.3%

Historical performance (Yearly) on absolute basis

Year	Returns
2025	9.3%
2024	16.4%
2023	18.9%
2022	-1.4%
2021	12.7%
2020	15.2%
2019	4.3%
2018	-4.5%
2017	43.2%
2016	3.4%

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

Name	Since	Tenure
Dhaval Shah	31 Oct 24	1.42 Yr.

Data below for Aditya Birla Sun Life Tax Relief '96 as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	32.43%
Consumer Cyclical	13.09%
Technology	11.13%
Health Care	9.79%
Consumer Defensive	8.39%
Industrials	7.59%
Basic Materials	5.01%
Energy	4.36%
Communication Services	2.94%
Utility	2.81%
Real Estate	1.35%

Asset Allocation

Asset Class	Value
Cash	1.1%
Equity	98.9%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	7%	₹934 Cr	7,747,842
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	7%	₹882 Cr	12,050,504 ↑ 500,000
Infosys Ltd (Technology) Equity, Since 30 Jun 08 \| INFY	5%	₹636 Cr	5,082,452
Reliance Industries Ltd (Energy) Equity, Since 30 Nov 21 \| RELIANCE	4%	₹573 Cr	4,260,426
Axis Bank Ltd (Financial Services) Equity, Since 30 Jun 08 \| 532215	4%	₹547 Cr	4,710,879 ↓ -350,000
State Bank of India (Financial Services) Equity, Since 31 Jan 22 \| SBIN	4%	₹539 Cr	5,501,415
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Dec 22 \| BHARTIARTL	3%	₹385 Cr	2,161,864 ↓ -500,000
Fortis Healthcare Ltd (Healthcare) Equity, Since 31 Jan 20 \| 532843	3%	₹383 Cr	4,812,331 ↓ -100,000
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| M&M	3%	₹350 Cr	1,184,660
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Jun 08 \| LT	3%	₹330 Cr	941,782

4. DSP 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.

Research Highlights for DSP Tax Saver Fund

Highest AUM (₹17,250 Cr).
Established history (19+ yrs).
Rating: 4★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 15.71% (upper mid).
3Y return: 17.90% (upper mid).
1Y return: 5.22% (bottom quartile).
Alpha: 1.05 (bottom quartile).
Sharpe: 1.08 (bottom quartile).
Information ratio: 0.87 (top quartile).
Higher exposure to Financial Services vs peer median.
Top bond sector: Cash Equivalent.
Equity-heavy allocation (~99%).
Largest holding ICICI Bank Ltd (~8.6%).

Below is the key information for DSP Tax Saver Fund

DSP Tax Saver Fund Growth
Launch Date	18 Jan 07
NAV (13 Apr 26)	₹134.54 ↓ -0.87 (-0.64 %)
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
31 Mar 21	₹10,000
31 Mar 22	₹12,239
31 Mar 23	₹12,256
31 Mar 24	₹17,198
31 Mar 25	₹20,058
31 Mar 26	₹19,063

DSP Tax Saver Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹447,579.
Net Profit of ₹147,579 Invest Now

Returns for DSP 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 13 Apr 26

Duration	Returns
1 Month	3.1%
3 Month	-6.5%
6 Month	-3.6%
1 Year	5.2%
3 Year	17.9%
5 Year	15.7%
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
Rohit Singhania	16 Jul 15	10.72 Yr.

Data below for DSP Tax Saver Fund as on 28 Feb 26

Equity Sector Allocation

Sector	Value
Financial Services	42.34%
Consumer Cyclical	11.36%
Health Care	8.5%
Basic Materials	8.11%
Technology	7.8%
Communication Services	5.23%
Energy	4.58%
Consumer Defensive	3.99%
Utility	3.85%
Industrials	3.55%

Asset Allocation

Asset Class	Value
Cash	0.71%
Equity	99.29%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 16 \| ICICIBANK	9%	₹1,300 Cr	10,780,454 ↑ 698,227
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 08 \| HDFCBANK	8%	₹1,191 Cr	16,282,358 ↑ 680,323
Axis Bank Ltd (Financial Services) Equity, Since 30 Nov 18 \| 532215	6%	₹954 Cr	8,216,038 ↑ 452,518
State Bank of India (Financial Services) Equity, Since 30 Jun 20 \| SBIN	5%	₹678 Cr	6,924,203 ↑ 363,121
Infosys Ltd (Technology) Equity, Since 31 Mar 12 \| INFY	4%	₹620 Cr	4,957,761
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Jul 19 \| BHARTIARTL	4%	₹532 Cr	2,985,560 ↑ 297,845
Kotak Mahindra Bank Ltd (Financial Services) Equity, Since 31 Oct 22 \| KOTAKBANK	3%	₹401 Cr	11,341,925
Mahindra & Mahindra Ltd (Consumer Cyclical) Equity, Since 30 Nov 21 \| M&M	3%	₹379 Cr	1,284,132
Tata Consultancy Services Ltd (Technology) Equity, Since 31 Oct 25 \| TCS	2%	₹349 Cr	1,477,947
Samvardhana Motherson International Ltd (Consumer Cyclical) Equity, Since 31 Dec 22 \| MOTHERSON	2%	₹343 Cr	32,671,083

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).
Oldest track record among peers (25 yrs).
Rating: 3★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 17.39% (top quartile).
3Y return: 20.64% (top quartile).
1Y return: 35.51% (top quartile).
Alpha: 1.75 (lower mid).
Sharpe: 2.27 (top quartile).
Information ratio: -0.15 (upper mid).

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.

Date	Value
31 Mar 21	₹10,000

HDFC Long Term Advantage Fund SIP 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 13 Apr 26

Duration	Returns
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

Year	Returns
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Fund Manager information for HDFC Long Term Advantage Fund

Name	Since	Tenure

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

Equity Sector Allocation

Sector	Value

Asset Allocation

Asset Class	Value

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity

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.