ELSS (Tax Saver) Funds, Through a Lens

Funds in this category, sorted on open public data. Pick a lens — each is a different, transparent way to rank. These are tools, not recommendations: no stars, no "best fund", no buy/sell calls.

Category

Data as of 2026-06-16 (NAV) · 25 Direct-Growth funds · Risk-free rate 6.5% · Source: AMFI / mfapi.in

Sorts a category by how much return each fund delivered for the risk it took (its volatility). It rewards steadier compounding over funds that merely rode a rally.

#	Fund	Sharpe 3Y ▾	3Y Return ▾	5Y Return ▾	Volatility ▾	Sortino ▾	Max Drawdown ▾
1	Motilal Oswal ELSS Tax Saver Fund Option Motilal Oswal Mutual Fund	0.98	24.7%	19.9%	18.5%	1.42	-37.7%
2	SBI ELSS Tax Saver FUND SBI Mutual Fund	0.82	19.9%	17.7%	16.4%	1.22	-38.2%
3	quant ELSS Tax Saver Fund - Growth Option - Direct Plan quant Mutual Fund	0.69	19.0%	17.3%	18.3%	1.09	-36.1%
4	Baroda ELSS 96 Plan B(Direct) -Growth Option Baroda Mutual Fund	0.68	18.6%	12.3%	17.6%	0.92	-39.0%
5	DSP ELSS Tax Saver Fund DSP Mutual Fund	0.67	17.9%	15.0%	17.0%	1.01	-37.2%
6	JM ELSS Tax Saver Fund (Direct) - Growth Option JM Financial Mutual Fund	0.65	18.3%	16.0%	18.0%	0.99	-37.4%
7	HDFC ELSS Tax saver - Growth Option - Direct Plan HDFC Mutual Fund	0.62	17.1%	17.2%	17.1%	0.93	-44.1%
8	BANK OF INDIA ELSS Tax Saver Bank of India Mutual Fund	0.62	17.1%	14.9%	17.1%	0.92	-31.7%
9	HSBC Tax Saver Equity Fund - Growth Direct HSBC Mutual Fund	0.61	17.2%	16.8%	17.5%	0.89	-37.9%
10	Edelweiss ELSS Tax Saver Fund Option Edelweiss Mutual Fund	0.60	16.3%	14.4%	16.3%	0.86	-36.8%
11	Tata ELSS Fund-Growth-Direct Plan Tata Mutual Fund	0.57	16.2%	14.5%	17.1%	0.82	-36.8%
12	Franklin India ELSS Tax Saver Fund - Direct - Growth Franklin Templeton Mutual Fund	0.54	15.3%	14.1%	16.3%	0.79	-39.0%
13	Nippon India ELSS Tax Saver Fund Plan - Growth Option Nippon India Mutual Fund	0.53	17.0%	15.0%	20.0%	0.79	-51.9%
14	Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund	0.52	14.7%	9.8%	15.6%	0.78	-35.1%
15	Invesco India ELSS Tax Saver Fund Invesco Mutual Fund	0.49	14.7%	11.6%	16.8%	0.72	-35.8%
16	CANARA ROBECO ELSS TAX SAVER OPTION Canara Robeco Mutual Fund	0.48	14.2%	12.9%	15.9%	0.72	-34.3%
17	ICICI Prudential ELSS Tax Saver Fund ICICI Prudential Mutual Fund	0.47	14.2%	13.0%	16.2%	0.70	-37.5%
18	Union ELSS Tax Saver Fund Option Union Mutual Fund	0.45	13.6%	13.5%	15.8%	0.66	-35.4%
19	Kotak ELSS Tax Saver Fund-Growth - Direct Kotak Mahindra Mutual Fund	0.45	14.0%	13.9%	16.6%	0.65	-36.4%
20	Quantum ELSS Tax Saver Fund Option Quantum Mutual Fund	0.44	13.8%	11.6%	16.6%	0.72	-39.6%
21	BANDHAN ELSS Tax Saver Fund Bandhan Mutual Fund	0.41	13.7%	14.1%	17.8%	0.59	-42.6%
22	Taurus ELSS Tax Saver Fund Taurus Mutual Fund	0.36	12.2%	11.8%	15.7%	0.52	-35.0%
23	LIC MF ELSS Tax Saver LIC Mutual Fund	0.34	11.9%	12.0%	16.0%	0.48	-35.7%
24	Axis ELSS Tax Saver Fund Option Axis Mutual Fund	0.34	12.1%	8.7%	16.3%	0.52	-33.5%
25	UTI ELSS Tax Saver Fund Option UTI Mutual Fund	0.34	12.0%	10.9%	16.1%	0.50	-35.1%

How this rank is calculated ▸

Formula. Sharpe (3Y) = (3-year annualised return − risk-free rate) ÷ annualised volatility. Funds are then ranked, highest Sharpe first, within their SEBI category.

Inputs. Daily NAV history (3Y) · Risk-free rate 6.5%

As of. NAV 2026-06-16; computed 2026-06-17.

Limits. Backward-looking. A high past Sharpe does not guarantee future risk-adjusted returns, and volatility is only one definition of risk.

Sorts a category by how frequently a fund beat its peers across many overlapping 3-year periods, rewarding repeatable performance over a single lucky stretch.

#	Fund	Consistency ▾	3Y Return ▾	5Y Return ▾	Windows tested ▾
1	quant ELSS Tax Saver Fund - Growth Option - Direct Plan quant Mutual Fund	76.0%	19.0%	17.3%	125
2	JM ELSS Tax Saver Fund (Direct) - Growth Option JM Financial Mutual Fund	72.0%	18.3%	16.0%	125
3	DSP ELSS Tax Saver Fund DSP Mutual Fund	70.4%	17.9%	15.0%	125
4	BANK OF INDIA ELSS Tax Saver Bank of India Mutual Fund	70.4%	17.1%	14.9%	125
5	BANDHAN ELSS Tax Saver Fund Bandhan Mutual Fund	68.0%	13.7%	14.1%	125
6	Motilal Oswal ELSS Tax Saver Fund Option Motilal Oswal Mutual Fund	65.3%	24.7%	19.9%	101
7	Kotak ELSS Tax Saver Fund-Growth - Direct Kotak Mahindra Mutual Fund	63.2%	14.0%	13.9%	125
8	Invesco India ELSS Tax Saver Fund Invesco Mutual Fund	61.6%	14.7%	11.6%	125
9	Tata ELSS Fund-Growth-Direct Plan Tata Mutual Fund	61.5%	16.2%	14.5%	104
10	Franklin India ELSS Tax Saver Fund - Direct - Growth Franklin Templeton Mutual Fund	57.6%	15.3%	14.1%	125
11	CANARA ROBECO ELSS TAX SAVER OPTION Canara Robeco Mutual Fund	56.8%	14.2%	12.9%	125
12	SBI ELSS Tax Saver FUND SBI Mutual Fund	55.2%	19.9%	17.7%	125
13	HSBC Tax Saver Equity Fund - Growth Direct HSBC Mutual Fund	53.3%	17.2%	16.8%	120
14	Edelweiss ELSS Tax Saver Fund Option Edelweiss Mutual Fund	52.0%	16.3%	14.4%	125
15	Nippon India ELSS Tax Saver Fund Plan - Growth Option Nippon India Mutual Fund	50.4%	17.0%	15.0%	125
16	HDFC ELSS Tax saver - Growth Option - Direct Plan HDFC Mutual Fund	49.6%	17.1%	17.2%	125
17	ICICI Prudential ELSS Tax Saver Fund ICICI Prudential Mutual Fund	49.6%	14.2%	13.0%	125
18	Quantum ELSS Tax Saver Fund Option Quantum Mutual Fund	46.0%	13.8%	11.6%	174
19	LIC MF ELSS Tax Saver LIC Mutual Fund	45.6%	11.9%	12.0%	125
20	UTI ELSS Tax Saver Fund Option UTI Mutual Fund	44.0%	12.0%	10.9%	125
21	Taurus ELSS Tax Saver Fund Taurus Mutual Fund	42.4%	12.2%	11.8%	125
22	Union ELSS Tax Saver Fund Option Union Mutual Fund	42.4%	13.6%	13.5%	125
23	Axis ELSS Tax Saver Fund Option Axis Mutual Fund	41.6%	12.1%	8.7%	125
24	Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund	31.2%	14.7%	9.8%	125
25	Baroda ELSS 96 Plan B(Direct) -Growth Option Baroda Mutual Fund	12.5%	18.6%	12.3%	48

How this rank is calculated ▸

Formula. Consistency = the share of rolling 3-year windows (monthly start dates) in which the fund's annualised return exceeded the category's median 3-year return. Ranked highest-consistency first.

Inputs. Daily NAV history (≥3Y) · Category median 3Y return

As of. NAV 2026-06-16; computed 2026-06-17.

Limits. Past performance is NOT indicative of future results. A strong record can break the moment the manager, mandate or market regime changes.

Uses a statistical factor model (Z-score combination) to rank funds based on short-term 6-month momentum, 3-year consistency, and 3-year Sharpe ratio. Designed to identify funds with strong recent momentum and robust track records.

#	Fund	Smart Score ▾	6M Mom ▾	3Y Return ▾	3Y Sharpe ▾	Consistency ▾
1	Motilal Oswal ELSS Tax Saver Fund Option Motilal Oswal Mutual Fund	84.01	12.7%	24.7%	0.98	65.3%
2	quant ELSS Tax Saver Fund - Growth Option - Direct Plan quant Mutual Fund	76.43	8.4%	19.0%	0.69	76.0%
3	BANK OF INDIA ELSS Tax Saver Bank of India Mutual Fund	66.74	2.9%	17.1%	0.62	70.4%
4	JM ELSS Tax Saver Fund (Direct) - Growth Option JM Financial Mutual Fund	58.92	-4.7%	18.3%	0.65	72.0%
5	Tata ELSS Fund-Growth-Direct Plan Tata Mutual Fund	57.38	-1.8%	16.2%	0.57	61.5%
6	DSP ELSS Tax Saver Fund DSP Mutual Fund	55.68	-7.3%	17.9%	0.67	70.4%
7	SBI ELSS Tax Saver FUND SBI Mutual Fund	52.90	-8.0%	19.9%	0.82	55.2%
8	Edelweiss ELSS Tax Saver Fund Option Edelweiss Mutual Fund	52.86	-3.6%	16.3%	0.60	52.0%
9	Nippon India ELSS Tax Saver Fund Plan - Growth Option Nippon India Mutual Fund	52.27	-2.5%	17.0%	0.53	50.4%
10	BANDHAN ELSS Tax Saver Fund Bandhan Mutual Fund	52.09	-5.3%	13.7%	0.41	68.0%
11	CANARA ROBECO ELSS TAX SAVER OPTION Canara Robeco Mutual Fund	50.95	-4.5%	14.2%	0.48	56.8%
12	Kotak ELSS Tax Saver Fund-Growth - Direct Kotak Mahindra Mutual Fund	50.24	-6.3%	14.0%	0.45	63.2%
13	Invesco India ELSS Tax Saver Fund Invesco Mutual Fund	46.98	-9.3%	14.7%	0.49	61.6%
14	Baroda ELSS 96 Plan B(Direct) -Growth Option Baroda Mutual Fund	46.18	-0.1%	18.6%	0.68	12.5%
15	HSBC Tax Saver Equity Fund - Growth Direct HSBC Mutual Fund	44.68	-11.0%	17.2%	0.61	53.3%
16	Franklin India ELSS Tax Saver Fund - Direct - Growth Franklin Templeton Mutual Fund	43.62	-11.9%	15.3%	0.54	57.6%
17	ICICI Prudential ELSS Tax Saver Fund ICICI Prudential Mutual Fund	42.90	-9.3%	14.2%	0.47	49.6%
18	Union ELSS Tax Saver Fund Option Union Mutual Fund	42.43	-7.4%	13.6%	0.45	42.4%
19	Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund	42.32	-5.7%	14.7%	0.52	31.2%
20	HDFC ELSS Tax saver - Growth Option - Direct Plan HDFC Mutual Fund	40.67	-13.5%	17.1%	0.62	49.6%
21	Axis ELSS Tax Saver Fund Option Axis Mutual Fund	39.59	-7.8%	12.1%	0.34	41.6%
22	UTI ELSS Tax Saver Fund Option UTI Mutual Fund	39.43	-8.5%	12.0%	0.34	44.0%
23	Quantum ELSS Tax Saver Fund Option Quantum Mutual Fund	37.74	-12.1%	13.8%	0.44	46.0%
24	LIC MF ELSS Tax Saver LIC Mutual Fund	36.67	-11.2%	11.9%	0.34	45.6%
25	Taurus ELSS Tax Saver Fund Taurus Mutual Fund	36.32	-11.0%	12.2%	0.36	42.4%

How this rank is calculated ▸

Formula. Predictive Score = (6M Momentum Z-score × 0.5) + (3Y Consistency Z-score × 0.3) + (3Y Sharpe Z-score × 0.2), scaled to a 0-100 index.

Inputs. 6-month trailing return · 3-year rolling consistency · 3-year Sharpe ratio

As of. NAV 2026-06-16; computed 2026-06-17.

Limits. Statistical model based purely on historical data. Does not guarantee future returns and is subject to market regime changes.

What this is — and isn't

The Fund Explorer describes public data. Each lens sorts funds within a single SEBI category on a stated, reproducible metric — and shows you the inputs, the formula and the date. It does not rate funds, pick a "best" fund, or tell you what to buy or sell. Rankings are not forecasts. A fund's position changes as data changes. Past performance is not indicative of future results. Consider your own goals and risk tolerance — or consult a SEBI-registered investment adviser — before investing. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.

All categories & how the lenses work