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Best ELSS Funds

Ranked by 3-Year Sharpe • 30 schemes • Group: Equity • Benchmark: Nifty 500 • Data as of 2026-11-11

Equity-linked savings schemes offering tax deduction under Sec 80C with a mandatory 3-year lock-in. Across 30 analyzed schemes, the top-ranked fund is WhiteOak Capital ELSS Tax Saver Fund (3Y CAGR +15.32%). The category median 3-year CAGR stands at +11.88%, median expense ratio is 2.34%, and median MFIQ score is 4.5/10.

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Rank Scheme Score 1Y Return 3Y CAGR 5Y CAGR Alpha Beta Expense Upside Downside Fund Size
#1
WC
WhiteOak Capital Mutual Fund
3Y: +15.32% • 5Y: - • AUM: Rs 517 cr
6.8 +3.15% +15.32% - +3.25% 0.96 2.59% 106.7% 94.5% Rs 517 cr
#2
MO
Motilal Oswal Mutual Fund
3Y: +18.09% • 5Y: +14.85% • AUM: Rs 4,931 cr
5.8 +6.37% +18.09% +14.85% +5.33% 1.13 2.07% 137.9% 124.4% Rs 4,931 cr
#3
HS
HSBC Mutual Fund
3Y: +15.95% • 5Y: - • AUM: Rs 4,144 cr
7.3 +4.79% +15.95% - +3.17% 1.11 1.97% 117.3% 105.9% Rs 4,144 cr
#4
DS
DSP Mutual Fund
3Y: +14.38% • 5Y: +11.46% • AUM: Rs 17,063 cr
7.1 +1.07% +14.38% +11.46% +2.33% 0.96 1.77% 104.9% 95.9% Rs 17,063 cr
#5
SB
SBI Mutual Fund
3Y: +14.22% • 5Y: +13.53% • AUM: Rs 32,287 cr
6.7 -1.50% +14.22% +13.53% +2.42% 0.90 1.83% 100.6% 91.3% Rs 32,287 cr
#6
JF
JM Financial Mutual Fund
3Y: +15.05% • 5Y: +11.74% • AUM: Rs 245 cr
4.3 +5.01% +15.05% +11.74% +2.51% 1.07 2.66% 112.3% 102.1% Rs 245 cr
#7
BB
Baroda BNP Paribas Mutual Fund
3Y: +14.56% • 5Y: - • AUM: Rs 913 cr
7.2 +3.17% +14.56% - +2.31% 0.99 2.44% 105.3% 99.2% Rs 913 cr
#8
QU
quant Mutual Fund
3Y: +14.40% • 5Y: +13.17% • AUM: Rs 13,714 cr
5.3 +11.89% +14.40% +13.17% +2.02% 1.06 2.05% 110.6% 103.2% Rs 13,714 cr
#9
ED
Edelweiss Mutual Fund
3Y: +13.15% • 5Y: +10.12% • AUM: Rs 460 cr
4.7 +3.08% +13.15% +10.12% +1.11% 0.99 2.56% 105.3% 101.0% Rs 460 cr
#10
MA
Mirae Asset Mutual Fund
3Y: +12.80% • 5Y: +9.63% • AUM: Rs 26,283 cr
5.5 +0.74% +12.80% +9.63% +0.97% 0.96 1.94% 103.3% 99.9% Rs 26,283 cr
#11
TA
Tata Mutual Fund
3Y: +12.49% • 5Y: +10.30% • AUM: Rs 4,634 cr
5.5 +3.46% +12.49% +10.30% +0.56% 0.99 1.92% 105.3% 105.6% Rs 4,634 cr
#12
CR
Canara Robeco Mutual Fund
3Y: +12.15% • 5Y: +9.04% • AUM: Rs 8,844 cr
5.7 +2.92% +12.15% +9.04% +0.41% 0.93 1.84% 97.9% 95.9% Rs 8,844 cr
#13
TA
Taurus Mutual Fund
3Y: +12.02% • 5Y: +10.57% • AUM: Rs 74.9 cr
4.4 +2.33% +12.02% +10.57% +0.39% 0.89 2.61% 92.0% 89.2% Rs 74.9 cr
#14
AX
Axis Mutual Fund
3Y: +11.83% • 5Y: +5.80% • AUM: Rs 32,701 cr
5.6 +3.59% +11.83% +5.80% +0.42% 0.90 1.73% 95.9% 93.8% Rs 32,701 cr
#15
IT
ITI Mutual Fund
3Y: +12.56% • 5Y: +10.25% • AUM: Rs 447 cr
4.1 -0.40% +12.56% +10.25% -0.12% 1.15 2.60% 126.2% 140.7% Rs 447 cr
#16
IN
Invesco Mutual Fund
3Y: +11.70% • 5Y: +8.29% • AUM: Rs 2,732 cr
3.6 +1.84% +11.70% +8.29% -0.22% 0.99 2.30% 104.8% 109.7% Rs 2,732 cr
#17
BA
Bandhan Mutual Fund
3Y: +10.70% • 5Y: +10.02% • AUM: Rs 7,106 cr
5.1 +3.07% +10.70% +10.02% -0.53% 0.86 1.98% 87.9% 88.4% Rs 7,106 cr
#18
QU
Quantum Mutual Fund
3Y: +10.50% • 5Y: +9.07% • AUM: Rs 213 cr
4.2 -3.23% +10.50% +9.07% -0.51% 0.81 2.18% 80.5% 79.0% Rs 213 cr
#19
BO
Bank of India Mutual Fund
3Y: +11.88% • 5Y: +10.37% • AUM: Rs 1,430 cr
4.4 +3.95% +11.88% +10.37% -0.68% 1.11 2.34% 104.2% 108.5% Rs 1,430 cr
#20
PI
PGIM India Mutual Fund
3Y: +9.64% • 5Y: +8.60% • AUM: Rs 726 cr
3.6 +1.93% +9.64% +8.60% -1.64% 0.90 2.55% 90.8% 96.8% Rs 726 cr
#21
LI
LIC Mutual Fund
3Y: +9.54% • 5Y: +8.00% • AUM: Rs 1,020 cr
2.9 -1.73% +9.54% +8.00% -1.83% 0.92 2.48% 92.3% 98.8% Rs 1,020 cr
#22
SU
Sundaram Mutual Fund
3Y: +9.27% • 5Y: - • AUM: Rs 1,287 cr
4.6 -3.56% +9.27% - -2.08% 0.90 - 86.5% 93.2% Rs 1,287 cr
#23
PP
PPFAS Mutual Fund
3Y: +8.96% • 5Y: +9.96% • AUM: Rs 5,773 cr
6.0 -5.63% +8.96% +9.96% -1.65% 0.72 1.83% 70.4% 69.4% Rs 5,773 cr
#24
GR
Groww Mutual Fund
3Y: +9.08% • 5Y: +7.15% • AUM: Rs 52.5 cr
2.7 -2.09% +9.08% +7.15% -2.58% 0.97 2.87% 93.6% 105.4% Rs 52.5 cr
#25
MM
Mahindra Manulife Mutual Fund
3Y: +8.78% • 5Y: +7.93% • AUM: Rs 892 cr
2.6 -3.02% +8.78% +7.93% -2.63% 0.91 2.49% 88.3% 99.1% Rs 892 cr
#26
UT
UTI Mutual Fund
3Y: +8.67% • 5Y: +6.16% • AUM: Rs 3,472 cr
2.9 -2.13% +8.67% +6.16% -2.46% 0.88 1.94% 89.4% 102.8% Rs 3,472 cr
#27
NJ
NJ Mutual Fund
3Y: +6.51% • 5Y: - • AUM: Rs 338 cr
3.1 -3.13% +6.51% - -4.30% 0.86 2.54% 82.7% 105.0% Rs 338 cr
#28
SH
Shriram Mutual Fund
3Y: +6.46% • 5Y: +5.43% • AUM: Rs 47.8 cr
2.4 -1.75% +6.46% +5.43% -5.38% 1.02 2.57% 88.3% 114.2% Rs 47.8 cr
#29
SA
Samco Mutual Fund
3Y: +1.15% • 5Y: - • AUM: Rs 100 cr
1.5 -0.86% +1.15% - -10.39% 1.06 3.35% 82.2% 133.8% Rs 100 cr
#30
BF
Bajaj Finserv Mutual Fund
3Y: - • 5Y: - • AUM: Rs 95.3 cr
4.5 +3.41% - - +2.08% 0.96 2.94% 121.5% 107.7% Rs 95.3 cr

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Frequently Asked Questions about ELSS Funds

What investment mandate defines ELSS funds?

Equity-linked savings schemes offering tax deduction under Sec 80C with a mandatory 3-year lock-in.

Which is the highest-ranked ELSS fund?

The top fund in this category is WhiteOak Capital ELSS Tax Saver Fund with a 3Y CAGR of +15.32% and an MFIQ Score of 6.8/10.

What is the median expense ratio for ELSS funds?

Across regular growth options in this category, the median total expense ratio (TER) is 2.34%.