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Top 5 Best Tax Saving ELSS Mutual Funds for FY 25 - 26

Updated on January 15, 2025 , 8822 views

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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Top 5 ELSS Funds To Invest In FY 25 - 26

Fund	NAV	Net Assets (Cr)	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2023 (%)
BOI AXA Tax Advantage Fund Growth	₹159.46 ↓ -0.13	₹1,453	-6.6	-9.7	15.4	14.5	22.8	21.6
HDFC Long Term Advantage Fund Growth	₹595.168 ↑ 0.28	₹1,318	1.2	15.4	35.5	20.6	17.4
Principal Tax Savings Fund Growth	₹473.691 ↓ -1.44	₹1,356	-6	-4.7	12.9	11.1	17.4	15.8
PGIM India Tax Savings Fund Growth	₹33.33 ↓ -0.06	₹770	-2.7	-1.9	13.1	9.8	17.2	15.6
Mahindra Mutual Fund Kar Bachat Yojana Growth	₹26.384 ↓ -0.11	₹931	-6.9	-7.8	8.1	10	16.9	12.3
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 17 Jan 25

*List of ELSS Tax saving mutual funds having net assets > 250 Crore and haing best CAGR returns in last 5 yr

1. BOI AXA Tax Advantage Fund

The Scheme seeks to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities across all market capitalisations. The Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any assured or guaranteed returns.(There can be no assurance that the investment objectives of the Scheme will be realized.)

BOI AXA Tax Advantage Fund is a Equity - ELSS fund was launched on 25 Feb 09. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 19% since its launch. Ranked 13 in ELSS category. Return for 2024 was 21.6% , 2023 was 34.8% and 2022 was -1.3% .

Below is the key information for BOI AXA Tax Advantage Fund

BOI AXA Tax Advantage Fund Growth
Launch Date	25 Feb 09
NAV (17 Jan 25)	₹159.46 ↓ -0.13 (-0.08 %)
Net Assets (Cr)	₹1,453 on 30 Nov 24
Category	Equity - ELSS
AMC	BOI AXA Investment Mngrs Private Ltd
Rating	☆☆☆
Risk	Moderately High
Expense Ratio	2.37
Sharpe Ratio	1.91
Information Ratio	0.46
Alpha Ratio	7.81
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 19	₹10,000
31 Dec 20	₹13,120
31 Dec 21	₹18,558
31 Dec 22	₹18,326
31 Dec 23	₹24,698
31 Dec 24	₹30,032

BOI AXA Tax Advantage 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 BOI AXA 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 17 Jan 25

Duration	Returns
1 Month	-9.1%
3 Month	-6.6%
6 Month	-9.7%
1 Year	15.4%
3 Year	14.5%
5 Year	22.8%
10 Year
15 Year
Since launch	19%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	21.6%
2022	34.8%
2021	-1.3%
2020	41.5%
2019	31.2%
2018	14.6%
2017	-16.3%
2016	57.7%
2015	-1.2%
2014	2.1%

Fund Manager information for BOI AXA Tax Advantage Fund

Name	Since	Tenure
Alok Singh	27 Apr 22	2.68 Yr.

Data below for BOI AXA Tax Advantage Fund as on 30 Nov 24

Equity Sector Allocation

Sector	Value
Financial Services	26.84%
Industrials	16.89%
Basic Materials	14.66%
Technology	12.07%
Consumer Cyclical	5.46%
Utility	4.18%
Energy	3.77%
Consumer Defensive	3.64%
Health Care	3.63%
Real Estate	1.86%
Communication Services	0.99%

Asset Allocation

Asset Class	Value
Cash	4.78%
Equity	95.22%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 10 \| HDFCBANK	5%	₹79 Cr	440,000
State Bank of India (Financial Services) Equity, Since 31 Oct 21 \| SBIN	4%	₹63 Cr	752,000
Vedanta Ltd (Basic Materials) Equity, Since 31 Mar 24 \| 500295	4%	₹60 Cr	1,321,000 ↑ 110,000
Prudent Corporate Advisory Services Ltd (Financial Services) Equity, Since 31 Oct 23 \| 543527	3%	₹40 Cr	130,000
Ami Organics Ltd (Basic Materials) Equity, Since 31 May 24 \| 543349	3%	₹37 Cr	172,000
NTPC Ltd (Utilities) Equity, Since 30 Apr 22 \| NTPC	2%	₹35 Cr	955,000
General Insurance Corp of India (Financial Services) Equity, Since 29 Feb 24 \| 540755	2%	₹34 Cr	850,696
Coforge Ltd (Technology) Equity, Since 30 Jun 23 \| COFORGE	2%	₹34 Cr	39,000 ↑ 5,100
Swan Energy Ltd (Industrials) Equity, Since 29 Feb 24 \| SWANENERGY	2%	₹31 Cr	513,000 ↑ 79,000
Siemens Ltd (Industrials) Equity, Since 30 Jun 22 \| SIEMENS	2%	₹31 Cr	41,000

2. HDFC Long Term Advantage Fund

To generate long term capital appreciation from a portfolio that is predominantly in equity and equity related instruments

HDFC Long Term Advantage Fund is a Equity - ELSS fund was launched on 2 Jan 01. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 21.4% since its launch. Ranked 23 in ELSS category. .

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 Dec 19	₹10,000
31 Dec 20	₹11,150
31 Dec 21	₹15,037

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 17 Jan 25

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
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014

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

3. Principal Tax Savings Fund

To build a high quality growth-oriented portfolio to provide long-term capital gains to the investors, the scheme aims at providing returns through capital appreciation.

Principal Tax Savings 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 16% since its launch. Ranked 8 in ELSS category. Return for 2024 was 15.8% , 2023 was 24.5% and 2022 was 4.3% .

Below is the key information for Principal Tax Savings Fund

Principal Tax Savings Fund Growth
Launch Date	31 Mar 96
NAV (17 Jan 25)	₹473.691 ↓ -1.44 (-0.30 %)
Net Assets (Cr)	₹1,356 on 30 Nov 24
Category	Equity - ELSS
AMC	Principal Pnb Asset Mgmt. Co. Priv. Ltd.
Rating	☆☆☆☆
Risk	Moderately High
Expense Ratio	2.26
Sharpe Ratio	1.36
Information Ratio	-0.41
Alpha Ratio	-0.13
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 19	₹10,000
31 Dec 20	₹11,890
31 Dec 21	₹15,702
31 Dec 22	₹16,383
31 Dec 23	₹20,390
31 Dec 24	₹23,606

Principal Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 Invest Now

Returns for Principal 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 17 Jan 25

Duration	Returns
1 Month	-5.7%
3 Month	-6%
6 Month	-4.7%
1 Year	12.9%
3 Year	11.1%
5 Year	17.4%
10 Year
15 Year
Since launch	16%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	15.8%
2022	24.5%
2021	4.3%
2020	32.1%
2019	18.9%
2018	2.5%
2017	-9.2%
2016	48.8%
2015	6.2%
2014	2.7%

Fund Manager information for Principal Tax Savings Fund

Name	Since	Tenure
Sudhir Kedia	29 Oct 19	5.18 Yr.
Rohit Seksaria	1 Jan 22	3 Yr.

Data below for Principal Tax Savings Fund as on 30 Nov 24

Equity Sector Allocation

Sector	Value
Financial Services	33.1%
Industrials	13.42%
Consumer Cyclical	10.78%
Health Care	8.64%
Technology	8.31%
Communication Services	6.75%
Consumer Defensive	6.36%
Energy	5.46%
Basic Materials	3.51%
Utility	1.49%

Asset Allocation

Asset Class	Value
Cash	2.15%
Equity	97.85%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Jul 09 \| HDFCBANK	8%	₹107 Cr	598,000
ICICI Bank Ltd (Financial Services) Equity, Since 31 Oct 09 \| ICICIBANK	7%	₹96 Cr	737,000
Infosys Ltd (Technology) Equity, Since 31 Jan 09 \| INFY	4%	₹57 Cr	306,000
Reliance Industries Ltd (Energy) Equity, Since 31 Dec 21 \| RELIANCE	4%	₹56 Cr	434,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Mar 13 \| LT	3%	₹43 Cr	115,000
State Bank of India (Financial Services) Equity, Since 30 Apr 05 \| SBIN	3%	₹37 Cr	444,000
Sun Pharmaceuticals Industries Ltd (Healthcare) Equity, Since 31 Aug 15 \| SUNPHARMA	3%	₹36 Cr	200,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Sep 17 \| AXISBANK	3%	₹35 Cr	311,000
Bharti Airtel Ltd (Partly Paid Rs.1.25) (Communication Services) Equity, Since 30 Nov 21 \| 890157	3%	₹34 Cr	283,000
UltraTech Cement Ltd (Basic Materials) Equity, Since 31 Jan 14 \| ULTRACEMCO	2%	₹30 Cr	27,000

4. PGIM India Tax Savings Fund

"The primary objective of the Scheme is to generate long-term capital appreciation by predominantly investing in equity & equity related instruments and to enable eligible investors to avail deduction from total income, as permitted under the Income Tax Act, 1961 as amended from time to time. However, there is no assurance that the investment objective shall be realize"

PGIM India Tax Savings Fund is a Equity - ELSS fund was launched on 11 Dec 15. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 14.1% since its launch. Return for 2024 was 15.6% , 2023 was 19.5% and 2022 was 4.7% .

Below is the key information for PGIM India Tax Savings Fund

PGIM India Tax Savings Fund Growth
Launch Date	11 Dec 15
NAV (17 Jan 25)	₹33.33 ↓ -0.06 (-0.18 %)
Net Assets (Cr)	₹770 on 30 Nov 24
Category	Equity - ELSS
AMC	Pramerica Asset Managers Private Limited
Rating	Not Rated
Risk	Moderately High
Expense Ratio	2.32
Sharpe Ratio	1.07
Information Ratio	-0.62
Alpha Ratio	-2.79
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 19	₹10,000
31 Dec 20	₹11,788
31 Dec 21	₹16,205
31 Dec 22	₹16,962
31 Dec 23	₹20,266
31 Dec 24	₹23,427

PGIM India Tax Savings Fund SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹470,047.
Net Profit of ₹170,047 Invest Now

Returns for PGIM 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 17 Jan 25

Duration	Returns
1 Month	-5.3%
3 Month	-2.7%
6 Month	-1.9%
1 Year	13.1%
3 Year	9.8%
5 Year	17.2%
10 Year
15 Year
Since launch	14.1%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	15.6%
2022	19.5%
2021	4.7%
2020	37.5%
2019	17.9%
2018	8.2%
2017	-6.4%
2016	39.3%
2015	1.7%
2014

Fund Manager information for PGIM India Tax Savings Fund

Name	Since	Tenure
Bhupesh Kalyani	1 Apr 23	1.75 Yr.
Vinay Paharia	1 Apr 23	1.75 Yr.
Utsav Mehta	15 Apr 24	0.71 Yr.
Vivek Sharma	15 Apr 24	0.71 Yr.

Data below for PGIM India Tax Savings Fund as on 30 Nov 24

Equity Sector Allocation

Sector	Value
Financial Services	28.21%
Industrials	13.68%
Technology	13.1%
Consumer Cyclical	9.77%
Health Care	9.22%
Consumer Defensive	5.95%
Basic Materials	5.94%
Energy	5.18%
Communication Services	3.17%
Real Estate	0.99%

Asset Allocation

Asset Class	Value
Cash	4.79%
Equity	95.21%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 15 \| HDFCBANK	7%	₹56 Cr	310,814
ICICI Bank Ltd (Financial Services) Equity, Since 31 Jan 16 \| ICICIBANK	6%	₹47 Cr	364,764
Reliance Industries Ltd (Energy) Equity, Since 31 Aug 17 \| RELIANCE	5%	₹40 Cr	308,591 ↑ 59,469
Bajaj Finance Ltd (Financial Services) Equity, Since 30 Sep 24 \| BAJFINANCE	4%	₹29 Cr	43,500
Tata Consultancy Services Ltd (Technology) Equity, Since 30 Apr 24 \| TCS	3%	₹23 Cr	53,406
Infosys Ltd (Technology) Equity, Since 30 Jun 24 \| INFY	3%	₹23 Cr	122,500
Larsen & Toubro Ltd (Industrials) Equity, Since 30 Sep 17 \| LT	3%	₹21 Cr	56,417
Bharti Airtel Ltd (Communication Services) Equity, Since 28 Feb 19 \| BHARTIARTL	3%	₹20 Cr	125,805
Varun Beverages Ltd (Consumer Defensive) Equity, Since 30 Apr 23 \| VBL	3%	₹19 Cr	312,725 ↑ 27,038
Dixon Technologies (India) Ltd (Technology) Equity, Since 30 Apr 23 \| DIXON	2%	₹19 Cr	12,000

5. Mahindra Mutual Fund Kar Bachat Yojana

The investment objective of the Scheme is to generate long-term capital appreciation through a diversified portfolio of equity and equity related securities. The Scheme does not guarantee or assure any returns.

Mahindra Mutual Fund Kar Bachat Yojana is a Equity - ELSS fund was launched on 18 Oct 16. It is a fund with Moderately High risk and has given a CAGR/Annualized return of 12.4% since its launch. Return for 2024 was 12.3% , 2023 was 25.8% and 2022 was 2% .

Below is the key information for Mahindra Mutual Fund Kar Bachat Yojana

Mahindra Mutual Fund Kar Bachat Yojana Growth
Launch Date	18 Oct 16
NAV (17 Jan 25)	₹26.384 ↓ -0.11 (-0.40 %)
Net Assets (Cr)	₹931 on 30 Nov 24
Category	Equity - ELSS
AMC	Mahindra Asset Management Company Pvt. Ltd.
Rating	Not Rated
Risk	Moderately High
Expense Ratio	2.26
Sharpe Ratio	1.15
Information Ratio	-0.63
Alpha Ratio	-3.25
Min Investment	500
Min SIP Investment	500
Exit Load	NIL

Growth of 10,000 investment over the years.

Date	Value
31 Dec 19	₹10,000
31 Dec 20	₹11,410
31 Dec 21	₹15,909
31 Dec 22	₹16,229
31 Dec 23	₹20,413
31 Dec 24	₹22,922

Mahindra Mutual Fund Kar Bachat Yojana SIP Returns

Total investment amount is ₹300,000
expected amount after 5 Years is ₹458,689.
Net Profit of ₹158,689 Invest Now

Returns for Mahindra Mutual Fund Kar Bachat Yojana

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 17 Jan 25

Duration	Returns
1 Month	-6.1%
3 Month	-6.9%
6 Month	-7.8%
1 Year	8.1%
3 Year	10%
5 Year	16.9%
10 Year
15 Year
Since launch	12.4%

Historical performance (Yearly) on absolute basis

Year	Returns
2023	12.3%
2022	25.8%
2021	2%
2020	39.4%
2019	14.1%
2018	4.5%
2017	-9.8%
2016	24.8%
2015
2014

Fund Manager information for Mahindra Mutual Fund Kar Bachat Yojana

Name	Since	Tenure
Manish Lodha	21 Dec 20	4.03 Yr.
Fatema Pacha	16 Oct 20	4.21 Yr.

Data below for Mahindra Mutual Fund Kar Bachat Yojana as on 30 Nov 24

Equity Sector Allocation

Sector	Value
Financial Services	30.64%
Consumer Cyclical	13.76%
Industrials	12.15%
Basic Materials	8.65%
Technology	8.53%
Energy	5.91%
Consumer Defensive	5.78%
Health Care	3.81%
Communication Services	3.39%
Utility	3.08%

Asset Allocation

Asset Class	Value
Cash	4.3%
Equity	95.7%

Top Securities Holdings / Portfolio

Name	Holding	Value	Quantity
HDFC Bank Ltd (Financial Services) Equity, Since 31 Dec 16 \| HDFCBANK	9%	₹85 Cr	475,000 ↓ -46,876
ICICI Bank Ltd (Financial Services) Equity, Since 31 May 19 \| ICICIBANK	9%	₹81 Cr	622,620
Reliance Industries Ltd (Energy) Equity, Since 31 Mar 18 \| RELIANCE	5%	₹43 Cr	332,308
Infosys Ltd (Technology) Equity, Since 29 Feb 20 \| INFY	4%	₹39 Cr	210,000 ↓ -50,000
Larsen & Toubro Ltd (Industrials) Equity, Since 31 Aug 18 \| LT	4%	₹38 Cr	102,761
State Bank of India (Financial Services) Equity, Since 29 Feb 24 \| SBIN	3%	₹32 Cr	386,000
Axis Bank Ltd (Financial Services) Equity, Since 30 Apr 24 \| AXISBANK	3%	₹31 Cr	270,000 ↑ 25,000
Hindustan Unilever Ltd (Consumer Defensive) Equity, Since 30 Apr 20 \| HINDUNILVR	3%	₹26 Cr	106,000 ↑ 10,000
Bharti Airtel Ltd (Communication Services) Equity, Since 31 Oct 24 \| BHARTIARTL	2%	₹23 Cr	143,000 ↑ 39,000
Shree Cement Ltd (Basic Materials) Equity, Since 31 Jul 23 \| SHREECEM	2%	₹22 Cr	8,259 ↑ 700

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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.