+91-22-48913909Top 3 Best Tax Saving ELSS Mutual Funds for 2026
Best elss Funds or Equity Linked Savings Schemes (Tax Saving) 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, which means that the investors can subscribe in these funds as and when they want. However, before Investing in these tax saving Mutual Funds, it is suggested to consider a list of best ELSS funds.
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Fund Selection Methodology used to find 3 funds
Top 3 ELSS Funds To Invest In 2026
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2025 (%) Motilal Oswal Long Term Equity Fund Growth ₹51.9942
↑ 0.95 ₹4,175 4.4 -1.9 15.2 24.3 19 -9.1 DSP Tax Saver Fund Growth ₹136.585
↑ 2.05 ₹17,250 -5 -2.1 4.4 18.5 15.9 7.5 Nippon India Tax Saver Fund (ELSS) Growth ₹128.128
↑ 2.27 ₹14,959 -1.2 -1.3 7.9 17.6 15.5 6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 15 Apr 26 Research Highlights & Commentary of 3 Funds showcased
Commentary Motilal Oswal Long Term Equity Fund DSP Tax Saver Fund Nippon India Tax Saver Fund (ELSS) Point 1 Bottom quartile AUM (₹4,175 Cr). Highest AUM (₹17,250 Cr). Lower mid AUM (₹14,959 Cr). Point 2 Established history (11+ yrs). Established history (19+ yrs). Oldest track record among peers (20 yrs). Point 3 Not Rated. Top rated. Rating: 3★ (lower mid). Point 4 Risk profile: Moderately High. Risk profile: Moderately High. Risk profile: Moderately High. Point 5 5Y return: 19.01% (upper mid). 5Y return: 15.93% (lower mid). 5Y return: 15.55% (bottom quartile). Point 6 3Y return: 24.31% (upper mid). 3Y return: 18.50% (lower mid). 3Y return: 17.56% (bottom quartile). Point 7 1Y return: 15.19% (upper mid). 1Y return: 4.38% (bottom quartile). 1Y return: 7.92% (lower mid). Point 8 Alpha: -3.97 (bottom quartile). Alpha: 1.05 (lower mid). Alpha: 2.08 (upper mid). Point 9 Sharpe: 0.64 (bottom quartile). Sharpe: 1.08 (lower mid). Sharpe: 1.16 (upper mid). Point 10 Information ratio: 0.36 (lower mid). Information ratio: 0.87 (upper mid). Information ratio: 0.33 (bottom quartile). Motilal Oswal Long Term Equity Fund
DSP Tax Saver Fund
Nippon India Tax Saver Fund (ELSS)
(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. Below is the key information for Motilal Oswal Long Term Equity Fund Returns up to 1 year are on 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 Below is the key information for SBI Magnum Tax Gain Fund Returns up to 1 year are on 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 Below is the key information for IDBI Equity Advantage Fund Returns up to 1 year are on 1. Motilal Oswal Long Term Equity Fund
Motilal Oswal Long Term Equity Fund
Growth Launch Date 21 Jan 15 NAV (15 Apr 26) ₹51.9942 ↑ 0.95 (1.86 %) Net Assets (Cr) ₹4,175 on 28 Feb 26 Category Equity - ELSS AMC Motilal Oswal Asset Management Co. Ltd Rating Risk Moderately High Expense Ratio 1.65 Sharpe Ratio 0.64 Information Ratio 0.36 Alpha Ratio -3.97 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 ₹11,399 31 Mar 23 ₹12,076 31 Mar 24 ₹18,608 31 Mar 25 ₹20,581 31 Mar 26 ₹20,643 Returns for Motilal Oswal Long Term Equity Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Apr 26 Duration Returns 1 Month 11.9% 3 Month 4.4% 6 Month -1.9% 1 Year 15.2% 3 Year 24.3% 5 Year 19% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 2025 -9.1% 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% Fund Manager information for Motilal Oswal Long Term Equity Fund
Name Since Tenure Ajay Khandelwal 11 Dec 23 2.31 Yr. Ankit Agarwal 16 Mar 26 0.04 Yr. Rakesh Shetty 22 Nov 22 3.36 Yr. Atul Mehra 1 Oct 24 1.5 Yr. Data below for Motilal Oswal Long Term Equity Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Financial Services 28.67% Industrials 26.59% Consumer Cyclical 12.9% Basic Materials 11.92% Technology 11.78% Health Care 4.53% Real Estate 2.9% Asset Allocation
Asset Class Value Cash 0.71% Equity 99.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity Multi Commodity Exchange of India Ltd (Financial Services)
Equity, Since 29 Feb 24 | MCX8% ₹310 Cr 1,296,040 Piramal Finance Ltd (Financial Services)
Equity, Since 30 Sep 25 | PIRAMALFIN6% ₹238 Cr 1,298,583
↓ -220,000 Jain Resource Recycling Ltd (Basic Materials)
Equity, Since 31 Oct 25 | JAINREC6% ₹229 Cr 5,011,074
↑ 268,009 Apar Industries Ltd (Industrials)
Equity, Since 31 Dec 23 | APARINDS5% ₹213 Cr 215,645
↑ 31,279 Waaree Energies Ltd (Technology)
Equity, Since 31 Oct 24 | 5442775% ₹195 Cr 627,718
↑ 43,739 Amber Enterprises India Ltd Ordinary Shares (Consumer Cyclical)
Equity, Since 31 Mar 24 | AMBER5% ₹181 Cr 276,357
↑ 17,351 OneSource Specialty Pharma Ltd (Healthcare)
Equity, Since 31 Jan 25 | ONESOURCE5% ₹180 Cr 1,221,228
↑ 295,191 Billionbrains Garage Ventures Ltd (Financial Services)
Equity, Since 30 Nov 25 | GROWW4% ₹176 Cr 11,710,407
↑ 768,996 Ather Energy Ltd (Consumer Cyclical)
Equity, Since 31 Oct 25 | ATHERENERG4% ₹174 Cr 2,301,469
↑ 170,179 Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Jun 25 | 5333984% ₹173 Cr 546,874 2. SBI Magnum Tax Gain Fund
SBI Magnum Tax Gain Fund
Growth Launch Date 7 May 07 NAV (15 Apr 26) ₹427.978 ↑ 7.09 (1.69 %) Net Assets (Cr) ₹32,171 on 28 Feb 26 Category Equity - ELSS AMC SBI Funds Management Private Limited Rating ☆☆ Risk Moderately High Expense Ratio 1.6 Sharpe Ratio 0.99 Information Ratio 1.74 Alpha Ratio 0.04 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 ₹12,005 31 Mar 23 ₹12,829 31 Mar 24 ₹20,417 31 Mar 25 ₹22,499 31 Mar 26 ₹21,543 Returns for SBI Magnum Tax Gain Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Apr 26 Duration Returns 1 Month 4.9% 3 Month -3.8% 6 Month -2.5% 1 Year 6.1% 3 Year 21.5% 5 Year 18.9% 10 Year 15 Year Since launch 12% Historical performance (Yearly) on absolute basis
Year Returns 2025 6.6% 2024 27.7% 2023 40% 2022 6.9% 2021 31% 2020 18.9% 2019 4% 2018 -8.3% 2017 33% 2016 2.1% Fund Manager information for SBI Magnum Tax Gain Fund
Name Since Tenure Milind Agrawal 1 Jan 26 0.24 Yr. Data below for SBI Magnum Tax Gain Fund as on 28 Feb 26
Equity Sector Allocation
Sector Value Financial Services 36.81% Basic Materials 10.81% Consumer Cyclical 9.02% Industrials 8.79% Energy 8.03% Health Care 7.02% Technology 6.41% Utility 4.24% Communication Services 3.06% Consumer Defensive 2% Real Estate 0.93% Asset Allocation
Asset Class Value Cash 2.75% Equity 97.11% Debt 0.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jan 17 | ICICIBANK9% ₹2,655 Cr 22,017,451
↑ 3,966,090 Reliance Industries Ltd (Energy)
Equity, Since 30 Apr 06 | RELIANCE5% ₹1,515 Cr 11,275,148 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | KOTAKBANK5% ₹1,405 Cr 39,750,000
↑ 7,000,000 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Jun 07 | HDFCBANK4% ₹1,177 Cr 16,086,506 Tata Steel Ltd (Basic Materials)
Equity, Since 31 Oct 21 | TATASTEEL4% ₹1,176 Cr 61,312,247
↓ -687,753 Axis Bank Ltd (Financial Services)
Equity, Since 30 Sep 11 | 5322154% ₹1,158 Cr 9,973,332 State Bank of India (Financial Services)
Equity, Since 31 May 06 | SBIN4% ₹1,091 Cr 11,138,360
↓ -1,197,279 Torrent Power Ltd (Utilities)
Equity, Since 31 Jul 19 | 5327793% ₹733 Cr 5,610,813 Infosys Ltd (Technology)
Equity, Since 31 Mar 18 | INFY2% ₹634 Cr 5,070,498 Lupin Ltd (Healthcare)
Equity, Since 30 Apr 18 | 5002572% ₹622 Cr 2,687,887 3. 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.
Date Value 31 Mar 21 ₹10,000 31 Mar 22 ₹12,052 31 Mar 23 ₹12,027 Returns for IDBI Equity Advantage Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 15 Apr 26 Duration Returns 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
Year Returns 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 Fund Manager information for IDBI Equity Advantage Fund
Name Since Tenure Data below for IDBI Equity Advantage Fund as on 30 Jun 23
Equity Sector Allocation
Sector Value Asset Allocation
Asset Class Value Top Securities Holdings / Portfolio
Name Holding Value Quantity
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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Research Highlights for Motilal Oswal Long Term Equity Fund