Top ELSS Tax saver mutual fund schemes which gives huge returns in past

Top ELSS Tax saver mutual fund schemes which gives huge returns in past: ELSS tax saver mutual fund schemes are a category of mutual funds in which we can invest to save taxes under Section 80C in the Indian context.

If you want to invest in ELSS (Equity Linked Savings Scheme) tax saver mutual fund schemes to save taxes, you should choose schemes wisely because your money will be locked in for 3 years. This means you can’t redeem your invested amount before three years.

The maximum limit for investing in the ELSS tax saver mutual fund category is ₹1.5 lakhs. You can invest ₹1.5 lakhs either through SIP or lump sum to receive tax benefits in the old tax regime.

In this article, we will provide you with a list of the top ELSS tax saver mutual fund schemes that have delivered significant returns in the past across different time frames. We aim to help you make informed decisions when choosing the best ELSS tax saver mutual fund schemes for your investment to save taxes and create substantial wealth in the long run.

Table of Contents

Top ELSS Tax saver mutual fund schemes by returns in the last 1 years

Sr No	Top ELSS Tax saver mutual fund schemes name	Returns (%)
1	Quant ELSS Tax Saver Fund Direct Plan Growth	61.80
2	SBI Long Term Equity Fund Direct Plan Growth	59.74
3	Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth	58.03
4	ITI ELSS Tax Saver Fund Direct Plan Growth	54.56
5	Bank of India ELSS Tax Saver Direct Plan Growth	54.10
6	SBI Long Term Advantage Fund Series VI Direct Plan Growth	48.26
7	Bank of India Midcap Tax Fund Series 2 Direct Plan Growth	47.89
8	JM ELSS Tax Saver Fund Direct Plan Growth	47.54
9	Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct Plan Growth	47.08
10	Bank of India Midcap Tax Fund Series 1 Direct Plan Growth	46.51

Top ELSS Tax saver mutual fund schemes by returns in the last 2 years

Sr No	Top ELSS Tax saver mutual fund schemes name	Returns (%)
1	SBI Long Term Equity Fund Direct Plan Growth	32.33
2	Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth	31.49
3	ITI ELSS Tax Saver Fund Direct Plan Growth	29.69
4	Bank of India ELSS Tax Saver Direct Plan Growth	27.60
5	Quant ELSS Tax Saver Fund Direct Plan Growth	27.13
6	Sundaram Long Term Tax Advantage Fund Series IV Direct Plan Growth	26.65
7	Sundaram Long Term Tax Advantage Fund Series III Direct Plan Growth	26.60
8	HDFC ELSS Tax saver Direct Plan Growth	26.46
9	SBI Long Term Advantage Fund Series VI Direct Plan Growth	25.72
10	Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct Plan Growth	25.57

Top ELSS Tax saver mutual fund schemes by returns in the last 3 years

Sr No	Top ELSS Tax saver mutual fund schemes name	Returns (%)
1	Sundaram Long Term Micro Cap Tax Advantage Fund Series VI – Direct Plan Growth	36.43
2	Sundaram Long Term Tax Advantage Fund Series III Direct Plan Growth	35.93
3	Sundaram Long Term Tax Advantage Fund Series IV Direct Plan Growth	35.44
4	Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Direct Plan Growth	35.32
5	Sundaram Long Term Micro Cap Tax Advantage Fund Series III Direct Plan Growth	35.10
6	Sundaram Long Term Micro Cap Tax Advantage Fund Series V Direct Plan Growth	34.19
7	Quant ELSS Tax Saver Fund Direct Plan Growth	33.15
8	SBI Long Term Equity Fund Direct Plan Growth	29.06
9	SBI Long Term Advantage Fund Series IV Direct Plan Growth	28.05
10	HDFC ELSS Tax saver Direct Plan Growth	27.56

Must Checkout: Top small cap mutual fund schemes

Top ELSS Tax saver mutual fund schemes by returns in the last 5 years

Sr No	Top ELSS Tax saver mutual fund schemes name	Returns (%)
1	Quant ELSS Tax Saver Fund Direct Plan Growth	33.24%
2	SBI Long Term Advantage Fund Series IV Direct Plan Growth	27.91%
3	Bank of India ELSS Tax Saver Direct Plan Growth	25.99%
4	SBI Long Term Advantage Fund Series III Direct Plan Growth	23.92%
5	Sundaram Long Term Tax Advantage Fund Series III Direct Plan Growth	23.29%
6	Sundaram Long Term Tax Advantage Fund Series IV Direct Plan Growth	23.28%
7	Sundaram Long Term Micro Cap Tax Advantage Fund Series VI Direct Plan Growth	23.26%
8	Bank of India Midcap Tax Fund Series 1 Direct Plan Growth	23.07%
9	SBI Long Term Advantage Fund Series II Direct Plan Growth	22.91%
10	Sundaram Long Term Micro Cap Tax Advantage Fund Series IV Direct Plan Growth	22.81%

Top ELSS Tax saver mutual fund schemes by returns in the last 10 years

Sr No	Top ELSS Tax saver mutual fund schemes name	Returns (%)
1	Quant ELSS Tax Saver Fund Direct Plan Growth	26.42
2	Bank of India ELSS Tax Saver Direct Plan Growth	20.29
3	Bandhan ELSS Tax saver Fund Direct Plan Growth	19.45
4	Kotak ELSS Tax Saver Fund Direct Plan Growth	19.19
5	DSP ELSS Tax Saver Fund Direct Plan Growth	19.17
6	JM ELSS Tax Saver Fund Direct Plan Growth	19.14
7	Invesco India ELSS Tax Saver Fund Direct Plan Growth	18.21
8	SBI Long Term Equity Fund Direct Plan Growth	17.73
9	Franklin India ELSS Tax Saver Fund Direct Plan Growth	17.41
10	Canara Robeco ELSS Tax Saver Fund Direct Plan Growth	17.26

Conclusion

Many long-term investors choose ELSS tax saver mutual fund schemes for their investments to create wealth because of the 3-year lock-in period. Such investors do not choose the ELSS category solely for its tax benefits; they choose it to instill discipline in their investment journey. Choose ELSS tax saver mutual fund schemes accordingly.

Disclaimer

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Also read: Top Small Cap mutual fund schemes which gives huge returns in past