You should also keep this in mind during the tax filing season. Here are the names of 5 ELSS funds (Mutual Funds), which have given returns of up to 28 percent in the last three years. Find out if you should take this Tax Saving Fund.
Often, taxpayers think about every tax deduction to reduce their tax liability. The old income tax regime provided taxpayers with the benefit of this tax deduction. Some investments under the old income tax regime are also eligible for deduction.
Equity-linked savings schemes or commonly known as ELSS, allow taxpayers to not only invest in the market, but also use investments to reduce their tax liability. ELSS is a tax-saving mutual fund that invests a minimum of 80 percent in equity. Under Section 80C of the Income Tax Act, taxpayers can get a tax deduction of up to Rs 1.5 lakh with a short lock-in period of 3 years.
Top 5 ELSS Funds by 3-Year Returns
Based on performance data as on August 13, 2025, here are the top five ELSS (tax saver) funds by their 3-year returns (direct plan).
1. Quant ELSS Tax Saver Fund
3-Year Returns: 28.82%
5-Year Returns: 28.82%
NAV (direct): Rs. 399.43
AUM: Rs. 11,504.90 crore
2. Motilal Oswal ELSS Tax Saver Fund
3-Year Returns: 25.61%
5-Year Returns: 26.80%
NAV (direct): Rs. 57.81
AUM: Rs. 4,285.51 crore
3. SBI ELSS Tax Saver Fund
3-year return: 24.54%
5-year return: 25.52%
NAV (direct): Rs. 466.13
AUM: Rs. 30,225.44 crore
4. HDFC ELSS Tax Saver Fund
3-year return: 22.08%
5-year return: 25.32%
NAV (direct): Rs. 1,509.65
AUM: Rs. 16,533.68 crore
5. Mirae Asset ELSS Tax Saver Fund
3-year return: 16.83%
5-year return: 22.37%
NAV (Direct): 54.51 Tk
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