As of January 2025, here are five top-performing Equity Linked Savings Schemes (ELSS) mutual funds in India that offer tax-saving benefits under Section 80C of the Income Tax Act:
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Motilal Oswal ELSS Tax Saver Fund Direct Growth
- Fund Size: ₹4,415 Crores
- 1-Year Return: 28.5%
- Risk: Very High
- Minimum Investment: ₹500 (lump sum and SIP)
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SBI Long Term Equity Fund Direct Plan Growth
- Fund Size: ₹27,791 Crores
- 1-Year Return: 20.2%
- Risk: Very High
- Minimum Investment: ₹500 (lump sum and SIP)
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Quant ELSS Tax Saver Fund Direct Growth
- Fund Size: ₹10,513 Crores
- 1-Year Return: 4.1%
- Risk: Very High
- Minimum Investment: ₹500 (lump sum and SIP)
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Parag Parikh Tax Saver Fund Direct Growth
- Fund Size: ₹2,137 Crores
- 1-Year Return: 23.8%
- Risk: Moderately High
- Minimum Investment: ₹500 (lump sum); ₹1,000 (SIP)
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Bank of India Tax Advantage Fund Direct Growth
- Fund Size: ₹951 Crores
- 1-Year Return: 36.3%
- Risk: Very High
- Minimum Investment: ₹500 (lump sum and SIP)
Please note that mutual fund investments are subject to market risks, and past performance is not indicative of future results. It’s advisable to assess your risk tolerance and consult with a financial advisor before making investment decisions.
