ELSS Funds

Equity Linked Saving Schemes (ELSS) are tax-saving mutual funds with a compulsory three-year lock-in period. These funds primarily invest in the equity market, offering investors the potential for capital appreciation. ELSS provides tax benefits under Section 80C, allowing investors to claim deductions up to Rs. 1.5 lakh. Managed by experienced fund managers, ELSS strategically allocates assets for optimal returns.
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Total schemes: 41

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"Quant Elss Tax Saver Fund - Growth Option - Regular Plan"
"equity" "elss" VERY HIGH
Value Research Rating : 3

Min. investment

Rs. 500.0

5 Year Returns

26.20%

Invest Now

"SBI Elss Tax Saver Fund - Regular Plan- Growth"
"equity" "elss" VERY HIGH
Value Research Rating : 5

Min. investment

Rs. 500.0

5 Year Returns

24.96%

Invest Now

"Motilal Oswal Elss Tax Saver Fund - Regular Plan - Growth Option"
"equity" "elss" VERY HIGH
Value Research Rating : 4

Min. investment

Rs. 500.0

5 Year Returns

24.94%

Invest Now

"HDFC Elss Tax Saver - Growth Plan"
"equity" "elss" VERY HIGH
Value Research Rating : 5

Min. investment

Rs. 500.0

5 Year Returns

24.80%

Invest Now

"Franklin India Elss Tax Saver Fund-Growth"
"equity" "elss" VERY HIGH
Value Research Rating : 4

Min. investment

Rs. 500.0

5 Year Returns

23.13%

Invest Now

"Bandhan Elss Tax Saver Fund - Regular Plan - Growth"
"equity" "elss" VERY HIGH
Value Research Rating : 4

Min. investment

Rs. 500.0

5 Year Returns

22.89%

Invest Now

"DSP Elss Tax Saver Fund - Regular Plan - Growth"
"equity" "elss" VERY HIGH
Value Research Rating : 4

Min. investment

Rs. 500.0

5 Year Returns

22.88%

Invest Now

"JM Elss Tax Saver Fund (Regular) - Growth Option"
"equity" "elss" VERY HIGH
Value Research Rating : 4

Min. investment

Rs. 500.0

5 Year Returns

22.85%

Invest Now

"Nippon India Tax Saver (Elss) Fund-Growth Plan-Growth Option"
"equity" "elss" VERY HIGH
Value Research Rating : 4

Min. investment

Rs. 500.0

5 Year Returns

22.85%

Invest Now

"Parag Parikh Elss Tax Saver Fund- Regular Growth"
"equity" "elss" VERY HIGH
Value Research Rating : 5

Min. investment

Rs. 1000.0

5 Year Returns

21.88%

Invest Now

"HSBC Tax Saver Equity Fund - Growth"
"equity" "elss" VERY HIGH
Value Research Rating : 2

Min. investment

Rs. 500.0

5 Year Returns

21.82%

Invest Now

"Bank Of India Elss Tax Saver -Regular Plan- Growth"
"equity" "elss" VERY HIGH
Value Research Rating : 2

Min. investment

Rs. 500.0

5 Year Returns

21.36%

Invest Now
  • 1
{amc_logo=/mf/static/kbprofiles/amc/Quant_logo.png, fund_type="elss", vr_rating=3, returns_5_yr=26.2031610166899, name="Quant Elss Tax Saver Fund - Growth Option - Regular Plan", amcfundscheme_id=3593, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/quant-elss-tax-saver-fund-growth-option-regular-plan},{amc_logo=/mf/static/kbprofiles/amc/SBIMF.png, fund_type="elss", vr_rating=5, returns_5_yr=24.9646224410829, name="SBI Elss Tax Saver Fund - Regular Plan- Growth", amcfundscheme_id=3603, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/sbi-elss-tax-saver-fund-regular-plan-growth},{amc_logo=/mf/static/kbprofiles/amc/motilal.png, fund_type="elss", vr_rating=4, returns_5_yr=24.9413893840881, name="Motilal Oswal Elss Tax Saver Fund - Regular Plan - Growth Option", amcfundscheme_id=3567, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/motilal-oswal-elss-tax-saver-fund-regular-plan-growth-option},{amc_logo=/mf/static/kbprofiles/amc/hdfc.png, fund_type="elss", vr_rating=5, returns_5_yr=24.7999073237288, name="HDFC Elss Tax Saver - Growth Plan", amcfundscheme_id=3475, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/hdfc-elss-tax-saver-growth-plan},{amc_logo=/mf/static/kbprofiles/amc/franklin_mutual_fund.jpg, fund_type="elss", vr_rating=4, returns_5_yr=23.1348813065109, name="Franklin India Elss Tax Saver Fund-Growth", amcfundscheme_id=3469, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/franklin-india-elss-tax-saver-fund-growth},{amc_logo=/mf/static/kbprofiles/amc/Bandhan_AMC_logo.png, fund_type="elss", vr_rating=4, returns_5_yr=22.8907773127188, name="Bandhan Elss Tax Saver Fund - Regular Plan - Growth", amcfundscheme_id=3492, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/bandhan-elss-tax-saver-fund-regular-plan-growth},{amc_logo=/mf/static/kbprofiles/amc/DSP.png, fund_type="elss", vr_rating=4, returns_5_yr=22.8828425922839, name="DSP Elss Tax Saver Fund - Regular Plan - Growth", amcfundscheme_id=3460, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/dsp-elss-tax-saver-fund-regular-plan-growth},{amc_logo=/mf/static/kbprofiles/amc/JM_financial.png, fund_type="elss", vr_rating=4, returns_5_yr=22.8545100270019, name="JM Elss Tax Saver Fund (Regular) - Growth Option", amcfundscheme_id=3508, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/jm-elss-tax-saver-fund-(regular)-growth-option},{amc_logo=/mf/static/kbprofiles/amc/nippon_mutual_fund.png, fund_type="elss", vr_rating=4, returns_5_yr=22.848806183561, name="Nippon India Tax Saver (Elss) Fund-Growth Plan-Growth Option", amcfundscheme_id=3578, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/nippon-india-tax-saver-(elss)-fund-growth-plan-growth-option},{amc_logo=/mf/static/kbprofiles/amc/ppfas.png, fund_type="elss", vr_rating=5, returns_5_yr=21.8844612099122, name="Parag Parikh Elss Tax Saver Fund- Regular Growth", amcfundscheme_id=3585, type="equity", minimum_investment_amount=1000.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/parag-parikh-elss-tax-saver-fund-regular-growth},{amc_logo=/mf/static/kbprofiles/amc/hsbc.png, fund_type="elss", vr_rating=2, returns_5_yr=21.8205541019688, name="HSBC Tax Saver Equity Fund - Growth", amcfundscheme_id=3478, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/hsbc-tax-saver-equity-fund-growth},{amc_logo=/mf/static/kbprofiles/amc/bank_of_india.png, fund_type="elss", vr_rating=2, returns_5_yr=21.3648091602382, name="Bank Of India Elss Tax Saver -Regular Plan- Growth", amcfundscheme_id=3451, type="equity", minimum_investment_amount=500.0, AMCFund__risk_factor=VERY HIGH, redirectlink=/investments/bank-of-india-elss-tax-saver-regular-plan-growth}

What are ELSS funds?

How ELSS Mutual Funds Work?

Who should invest in ELSS Funds?

How to invest in ELSS Funds on the Bajaj Finserv platform?

What are the risks associated with ELSS Funds?

How to pick the right fund/scheme?

Taxation on ELSS Funds

Our Partners

Bajaj Finserv Mutual Fund
Bajaj Finserv Mutual Fund
SBI Mutual Fund
SBI Mutual Fund
HDFC Mutual Fund
HDFC Mutual Fund
UTI Mutual Fund
UTI Mutual Fund
Axis Mutual Fund
Axis Mutual Fund
ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund
Nippon India Mutual Fund
Nippon India Mutual Fund
DSP Mutual Fund
DSP Mutual Fund
Canara Robeco Mutual Fund
Canara Robeco Mutual Fund
PPFAS Mutual Fund
PPFAS Mutual Fund
Bandhan Mutual Fund
Bandhan Mutual Fund
Sundaram Mutual Fund
Sundaram Mutual Fund
Motilal Oswal Mutual Fund
Motilal Oswal Mutual Fund
Invesco Mutual Fund
Invesco Mutual Fund
Navi Mutual Fund
Navi Mutual Fund
PGIM India Mutual Fund
PGIM India Mutual Fund
LIC Mutual Fund
LIC Mutual Fund
Quantum Mutual Fund
Quantum Mutual Fund
IDBI Mutual Fund
IDBI Mutual Fund
Mahindra Manulife Mutual Fund
Mahindra Manulife Mutual Fund
360 One Mutual Fund
360 One Mutual Fund
HSBC Mutual Fund
HSBC Mutual Fund
Union Mutual Fund
Union Mutual Fund
Franklin Templeton Mutual Fund
Franklin Templeton Mutual Fund
Tata Mutual Fund
Tata Mutual Fund
Indiabulls Mutual Fund
Indiabulls Mutual Fund
Trust Mutual Fund
Trust Mutual Fund
Shriram Mutual Fund
Shriram Mutual Fund
Aditya Birla Sun Life Mutual Fund
Aditya Birla Sun Life Mutual Fund
ITI Mutual Fund
ITI Mutual Fund
Kotak Mahindra Mutual Fund
Kotak Mahindra Mutual Fund
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund
Baroda BNP Mutual Fund
Baroda BNP Mutual Fund
Bank of India Mutual Fund
Bank of India Mutual Fund
Edelweiss Mutual Fund
Edelweiss Mutual Fund
IIFCL Mutual Fund (IDF)
IIFCL Mutual Fund (IDF)
JM Financial Mutual Fund
JM Financial Mutual Fund
quant Mutual Fund
Quant Mutual Fund
Taurus Mutual Fund
Taurus Mutual Fund
WhiteOak Capital Mutual Fund
WhiteOak Capital Mutual Fund

Frequently asked questions

Is ELSS taxable after 3 years?

 The three-year lock-in period for ELSS funds prevents the realisation of short-term financial gains. You can only realise long-term capital gains as a result. Any up to Rs 1 lakh per year are tax-free, and gains over this amount are subject to a 10% long-term capital gains tax.

Why do I need to lock-in my funds for three years?

ELSS products have a 3-year lock-in. This is built in the structure of the scheme as it's a requirement imposed by the Central Board of Direct Taxes (CBDT).

Is ELSS risk free?

Because they both participate in the equity markets, ELSS funds carry comparable risk to equity funds and are essentially diversified equity funds. However, ELSS funds also have a three-year lock-in period following investment during which the fund's assets cannot be withdrawn, in addition to the implied equity risk component.

Should I invest in ELSS Mutual Funds?

Investing in ELSS Mutual Funds can be beneficial for tax planning as they offer tax deductions under Section 80C. Additionally, ELSS has the potential for capital appreciation, making it a popular choice for long-term investors.

How long should I stay invested in ELSS Mutual Funds?

It is advisable to stay invested in ELSS Mutual Funds for a minimum lock-in period of three years to avail of the tax benefits. However, considering the potential for higher returns, investors often choose to stay invested for a longer horizon.

Where do ELSS Mutual Funds invest?

ELSS Mutual Funds invest at least 80% of their corpus in equity and equity-related instruments. The portfolio may include stocks across market capitalizations and sectors, offering investors exposure to diversified assets.

What kind of returns can I earn from ELSS?

ELSS Mutual Funds, being equity-oriented, have the potential for attractive returns., but it is important to note that these funds are highly volatile. The actual returns, however, depend on market performance and the fund's strategy. Historically, ELSS funds have provided competitive returns compared to traditional tax-saving instruments.

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Disclaimer

Bajaj Finance Limited (“BFL”) is a Non-Banking Financial Company carrying the business of acceptance of deposits, providing lending solutions to Retail & Corporate customers, and is a Corporate agent of various insurance Companies. BFL is also registered with the Association of Mutual Funds in India (“AMFI”) as a distributor of third party Mutual Funds (shortly referred as ‘Mutual Funds’).

BFL does NOT:

(i) provide investment advisory services in any manner or form;

(ii) perform risk profiling of the investor;

(iii) carry customized/personalized suitability assessment;

(iv) carry independent research or analysis, including on any Mutual Fund schemes or other investments; and provide any guarantee of return on investment.


In addition to displaying the Mutual fund products of Asset Management Companies, some general information is sourced from third parties, is also displayed on ‘As-is’ basis, which should NOT be construed as any solicitation or attempt to effect transactions in securities or the rendering any investment advice. Mutual Funds are subject to market risks, including loss of principal amount and Investor should read all Scheme /Offer related documents carefully. The NAV of units issued under the Schemes of mutual funds can go up or down depending on the factors and forces affecting capital markets and may also be affected by changes in the general level of interest rates. The NAV of the units issued under the scheme may be affected, inter-alia by changes in the interest rates, trading volumes, settlement periods, transfer procedures and performance of individual securities. The NAV will inter-alia be exposed to Price / Interest Rate Risk and Credit Risk. Past performance of any scheme of the Mutual fund do not indicate the future performance of the Schemes of the Mutual Fund. BFL shall not be responsible or liable for any loss or shortfall incurred by the investors. There may be other / better alternatives to the investment avenues displayed by BFL. Hence, the final investment decision shall at all times exclusively remain with the investor alone and BFL shall not be liable or responsible for any consequences thereof.

Bajaj Finserv Direct Limited, (“BFDL”), a wholly owned subsidiary of Bajaj Finserv Limited (is a Registered with SEBI as an Investment Advisor with Registration no. INA000016083). BFDL enables resident Indian customers to directly invest in third party mutual funds through its online platform. BFDL entered into a referral arrangement with BFL, whereunder, BFL may, without risk or responsibility on its part, refer the resident Indian customers who are interested in placing their investments in Direct Mutual Funds through BFDL online platform. Investment by a person residing outside the territorial jurisdiction of India is not acceptable nor permitted.

Disclaimer on Risk-O-Meter:
Investors are advised before investing to evaluate a scheme not only on the basis of the Product labeling (including the Riskometer) but also on other quantitative and qualitative factors such as performance, portfolio, fund managers, asset manager, etc. and shall also consult their financial advisers, if they are unsure about the suitability of the scheme before investing

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