Skip to content

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 superlative claims, no buy/sell calls.

Data as of 2026-07-09 (NAV) · 39 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 ▾ Calmar 3Y ▾ Sortino ▾ Max Drawdown ▾
1 Motilal Oswal ELSS Tax Saver Fund Option Motilal Oswal Mutual Fund 0.88 22.7% 18.9% 18.5% 0.82 1.27 -37.7%
2 WhiteOak Capital ELSS Tax Saver Fund WhiteOak Capital Mutual Fund 0.84 18.4% 14.2% 1.13 1.34 -16.4%
3 SBI ELSS Tax Saver FUND SBI Mutual Fund 0.71 18.1% 17.2% 16.3% 1.14 1.06 -38.2%
4 BARODA BNP PARIBAS ELSS Tax Saver Fund Option Baroda BNP Paribas Mutual Fund 0.69 16.7% 14.7% 0.96 1.11 -17.3%
5 Baroda ELSS 96 Plan B(Direct) -Growth Option Baroda Mutual Fund 0.68 18.6% 12.3% 17.6% 0.52 0.92 -39.0%
6 HSBC ELSS Tax saver Fund - Direct Growth HSBC Mutual Fund 0.67 16.9% 15.4% 0.88 1.01 -19.2%
7 ITI ELSS Tax Saver Fund Option ITI Mutual Fund 0.63 19.2% 14.1% 20.2% 0.85 0.92 -38.5%
8 HSBC Tax Saver Equity Fund - Growth Direct HSBC Mutual Fund 0.61 17.2% 16.8% 17.5% 0.85 0.89 -37.9%
9 quant ELSS Tax Saver Fund - Growth Option - Direct Plan quant Mutual Fund 0.61 17.6% 17.0% 18.2% 0.68 0.97 -36.1%
10 DSP ELSS Tax Saver Fund DSP Mutual Fund 0.59 16.5% 14.4% 16.9% 1.02 0.89 -37.2%
11 JM ELSS Tax Saver Fund (Direct) - Growth Option JM Financial Mutual Fund 0.58 16.9% 16.1% 18.0% 0.81 0.87 -37.4%
12 HDFC ELSS Tax saver - Growth Option - Direct Plan HDFC Mutual Fund 0.53 15.6% 16.7% 17.1% 1.05 0.80 -44.1%
13 BANK OF INDIA ELSS Tax Saver Bank of India Mutual Fund 0.53 15.5% 13.7% 17.1% 0.65 0.79 -31.7%
14 Edelweiss ELSS Tax Saver Fund Option Edelweiss Mutual Fund 0.52 15.0% 14.2% 16.2% 0.81 0.75 -36.8%
15 Mirae Asset ELSS Tax Saver Fund Mirae Asset Mutual Fund 0.50 15.1% 13.5% 17.1% 0.88 0.74 -37.8%
16 Tata ELSS Fund-Growth-Direct Plan Tata Mutual Fund 0.50 14.9% 14.5% 17.1% 0.81 0.71 -36.8%
17 Franklin India ELSS Tax Saver Fund - Direct - Growth Franklin Templeton Mutual Fund 0.48 14.3% 13.6% 16.3% 0.86 0.70 -39.0%
18 Nippon India ELSS Tax Saver Fund Plan - Growth Option Nippon India Mutual Fund 0.44 15.3% 14.7% 19.9% 0.76 0.66 -51.9%
19 Aditya Birla Sun Life ELSS Tax Saver Fund - Growth - Direct Plan Aditya Birla Sun Life Mutual Fund 0.44 13.3% 9.8% 15.6% 0.73 0.66 -35.1%
20 Invesco India ELSS Tax Saver Fund Invesco Mutual Fund 0.44 13.8% 11.8% 16.8% 0.67 0.64 -35.8%
21 CANARA ROBECO ELSS TAX SAVER OPTION Canara Robeco Mutual Fund 0.42 13.2% 12.5% 15.9% 0.72 0.62 -34.3%
22 Kotak ELSS Tax Saver Fund-Growth - Direct Kotak Mahindra Mutual Fund 0.41 13.3% 13.5% 16.5% 0.68 0.60 -36.4%
23 NJ ELSS Tax Saver Scheme Direct Growth NJ Mutual Fund 0.41 13.0% 15.8% 0.57 0.62 -22.8%
24 Navi ELSS Tax Saver Fund Option Navi Mutual Fund 0.41 13.3% 11.9% 16.8% 0.72 0.55 -37.8%
25 ICICI Prudential ELSS Tax Saver Fund ICICI Prudential Mutual Fund 0.40 13.0% 12.8% 16.2% 0.74 0.60 -37.5%
26 Union ELSS Tax Saver Fund Option Union Mutual Fund 0.39 12.6% 12.8% 15.7% 0.69 0.57 -35.4%
27 Parag Parikh ELSS Tax Saver Fund- Direct Growth PPFAS Mutual Fund 0.36 11.7% 14.0% 14.4% 0.80 0.52 -29.5%
28 Quantum ELSS Tax Saver Fund Option Quantum Mutual Fund 0.35 12.3% 11.3% 16.6% 0.78 0.57 -39.6%
29 BANDHAN ELSS Tax Saver Fund Bandhan Mutual Fund 0.32 12.3% 13.5% 17.7% 0.69 0.47 -42.6%
30 Sundaram ELSS Tax Saver Fund Sundaram Mutual Fund 0.32 11.0% 13.8% 0.69 0.47 -16.7%
31 Taurus ELSS Tax Saver Fund Taurus Mutual Fund 0.32 11.5% 11.6% 15.7% 0.69 0.46 -35.0%
32 LIC MF ELSS Tax Saver LIC Mutual Fund 0.30 11.3% 11.7% 16.0% 0.65 0.42 -35.7%
33 Axis ELSS Tax Saver Fund Option Axis Mutual Fund 0.28 11.1% 8.3% 16.2% 0.67 0.43 -33.5%
34 Groww ELSS Tax Saver Fund (formerly known as Indiabulls Tax Savings Fund) Option Groww Mutual Fund 0.27 11.0% 10.7% 16.7% 0.53 0.37 -34.6%
35 Mahindra Manulife ELSS Tax Saver Fund Mahindra Manulife Mutual Fund 0.26 10.6% 12.0% 15.9% 0.65 0.37 -35.9%
36 UTI ELSS Tax Saver Fund Option UTI Mutual Fund 0.26 10.7% 10.2% 16.1% 0.58 0.38 -35.1%
37 PGIM India ELSS Tax Saver Fund Option PGIM India Mutual Fund 0.22 10.1% 11.9% 16.3% 0.61 0.32 -36.7%
38 Shriram ELSS Tax Saver Fund - Direct Growth Shriram Mutual Fund 0.19 9.7% 10.0% 16.3% 0.41 0.27 -29.8%
39 Samco ELSS Tax Saver Fund Option Samco Mutual Fund -0.02 6.1% 18.1% 0.21 -0.03 -29.6%
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%

Benchmark. Equal-weight category composite (proxy), 162 months.

As of. NAV 2026-07-09; computed 2026-07-10.

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

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 fund for you, 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.

Educational information only. This content is educational and informational - it is not personalized investment advice, research, or a recommendation to buy or sell any security. Markets carry risk; mutual fund investments are subject to market risks - read all scheme-related documents carefully. Figures are as of their stated dates and can change. Consider consulting a SEBI-registered investment adviser before acting. See our full disclaimer.