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Live Fund Rankings

Best ELSS Funds (Tax Saving) in India

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Key Terms

Section 123 / Schedule XV (formerly Section 80C)

The Income-tax Act, 2025 provision (Section 123, read with Schedule XV) allowing deductions up to ₹1.5 lakh/year for specified investments, including ELSS, PPF, EPF, and life insurance premiums — the successor to Section 80C of the old Income Tax Act, 1961, still commonly referenced by that legacy name. Available only under the old tax regime.

Lock-in Period

The minimum duration units must be held before they can be redeemed — 3 years for ELSS, calculated separately for each SIP installment rather than from the first investment date.

Frequently Asked Questions

How are the best elss funds (tax saving) ranked?

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Funds are ranked by rolling return within the ELSS SEBI sub-category. Only active Direct-Growth plans are shown — Regular plans and IDCW/Dividend options are excluded.

Is ELSS better than PPF for tax saving?

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They serve different purposes. ELSS has a much shorter 3-year lock-in versus PPF's 15 years, and equity exposure gives higher growth potential — but PPF offers government-backed, tax-exempt interest with zero market risk. Many investors use both: PPF for guaranteed long-term savings, ELSS for equity growth with a tax benefit.

Can I withdraw my ELSS investment after 3 years?

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Yes — units become redeemable exactly 3 years after each purchase date (each SIP installment has its own 3-year lock-in). There's no requirement to withdraw at 3 years; you can stay invested longer if your goals don't need the money yet.

Is ELSS tax deduction available under the new tax regime?

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No. The Section 123/Schedule XV deduction (formerly Section 80C), including ELSS, is only available if you opt for the old tax regime. Under the new (default) tax regime, ELSS investments don't reduce your taxable income, though gains are still taxed the same way as other equity funds.

How often is this ranking updated?

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Rankings are recomputed weekly from NAV history. The "Data as of" line above the table shows when these numbers were last refreshed.

Is this financial advice?

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No. This page shows category rankings by historical rolling return only. It is not personalized investment advice and does not account for your goals or risk tolerance. Past performance is not indicative of future results.

FundSageAI is an analytics platform. Rankings on this page are informational only and do not constitute personalized investment advice. Past performance is not indicative of future results. Consult a SEBI-registered investment advisor before investing.