Best Tax Saver Funds

A tax saving fund is a type of mutual where you get an additional benefit of tax saving. These types of mutual funds are eligible for tax deductions under the provisions of Section 80C of the Income Tax Act, 1961. Here you can claim a tax deduction of up to INR 1,50,000 and save taxes up to INR 46,800 in a year. These tax saver funds are also known as ELSS funds which stands for equity-linked savings scheme.

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Registered Consumers
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3.4 Crore
Policies Sold
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Mid Cap
Balanced
Debt
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Top 200 Fund
Fund Size: 1,204 Cr
1,204 Cr
123.49 0.68%
21.98% Highest Returns
19.02%
20.28%
Invest
Virtue II
Fund Size: 2,105 Cr
2,105 Cr
53.85 0.24%
17.09%
16.56%
17.46% Highest Returns
Invest
Pure Equity
Fund Size: 1,800 Cr
1,800 Cr
58.31 0.20%
14.99%
14.46%
17.42% Highest Returns
Invest
Growth Fund
Fund Size: 5,462 Cr
5,462 Cr
17.66 0.00%
-
-
17.39% Highest Returns
Invest
Growth Opportunities Plus Fund
Fund Size: 809 Cr
809 Cr
55.84 0.16%
14.6%
15%
17.35% Highest Returns
Invest
Super Select Equity Fund
Fund Size: 1,163 Cr
1,163 Cr
63.04 0.24%
13.79%
14.51%
17.2% Highest Returns
Invest
Pure Stock Fund
Fund Size: 5,228 Cr
5,228 Cr
116.54 0.20%
12.7%
13.59%
16.87% Highest Returns
Invest
Grow Money Plus Fund
Fund Size: 362 Cr
362 Cr
53.48 0.14%
13.94%
14.68%
16.45% Highest Returns
Invest
Build India Fund
Fund Size: 32 Cr
32 Cr
48.59 0.10%
13.35%
14.15%
16.23% Highest Returns
Invest
Large Cap Equity Fund
Fund Size: 2,102 Cr
2,102 Cr
54.84 0.18%
16.69% Highest Returns
15.99%
16.21%
Invest
Frontline Equity Fund
Fund Size: 2,234 Cr
2,234 Cr
51.56 0.19%
14.81%
13.71%
15.83% Highest Returns
Invest
Equity Growth Fund II
Fund Size: 4,397 Cr
4,397 Cr
59.74 0.16%
12.25%
13.32%
15.58% Highest Returns
Invest
Equity Top 250 Fund
Fund Size: 485 Cr
485 Cr
46.16 -0.01%
12.18%
11.76%
15.39% Highest Returns
Invest
Whole Life Aggressive Growth Fund
Fund Size: 665 Cr
665 Cr
68.15 0.18%
14.52%
14.23%
15.36% Highest Returns
Invest
Blue Chip Fund
Fund Size: 8,152 Cr
8,152 Cr
40.97 0.15%
12.64%
12.8%
15.03% Highest Returns
Invest
Value & Momentum
Fund Size: 622 Cr
622 Cr
37.98 0.08%
10.7%
10.14%
14.79% Highest Returns
Invest
Future Apex Fund
Fund Size: 78 Cr
78 Cr
45.22 0.20%
16.19% Highest Returns
14.28%
14.77%
Invest
Maximiser
Fund Size: 2,577 Cr
2,577 Cr
54.45 0.20%
13.21%
13.25%
14.54% Highest Returns
Invest
Enhancer Fund-II
Fund Size: 792 Cr
792 Cr
45.58 0.11%
12.42%
12.6%
14.5% Highest Returns
Invest
Accelerator Fund
Fund Size: 200 Cr
200 Cr
36.76 0.15%
14.51% Highest Returns
13.69%
14.41%
Invest
Top 50 Fund
Fund Size: 208 Cr
208 Cr
70.99 0.24%
13.83%
13.77%
14.38% Highest Returns
Invest
Growth Super Fund
Fund Size: 12,235 Cr
12,235 Cr
63.45 0.11%
12.63%
13.15%
13.98% Highest Returns
Invest
Super 20
Fund Size: 1,725 Cr
1,725 Cr
54.02 0.18%
13.27%
13.59%
13.98% Highest Returns
Invest
Equity Large Cap Fund
Fund Size: 464 Cr
464 Cr
46.15 0.10%
11.32%
11.06%
13.73% Highest Returns
Invest
Equity Fund
Fund Size: 51,965 Cr
51,965 Cr
159.81 0.43%
12%
11.93%
13.66% Highest Returns
Invest
Future Opportunity Fund
Fund Size: 64 Cr
64 Cr
35.19 0.16%
14.76% Highest Returns
13.18%
13.57%
Invest
Multi Cap Growth Fund
Fund Size: 17,756 Cr
17,756 Cr
41.48 0.21%
9.73%
9.62%
13.46% Highest Returns
Invest
Magnifier
Fund Size: 1,167 Cr
1,167 Cr
101.05 0.36%
11.7%
12.15%
13.45% Highest Returns
Invest
Bluechip Equity Fund
Fund Size: 927 Cr
927 Cr
36.19 0.09%
13.43% Highest Returns
13.27%
13.32%
Invest
Bluechip Fund
Fund Size: 4,046 Cr
4,046 Cr
37.74 0.13%
12.1%
11.7%
13.31% Highest Returns
Invest
Maximiser Fund V
Fund Size: 51,545 Cr
51,545 Cr
43.06 0.18%
11.7%
11.29%
12.96% Highest Returns
Invest
Future Maximize Fund
Fund Size: 87 Cr
87 Cr
45.43 0.18%
13.49% Highest Returns
12.02%
12.61%
Invest
Equity II Fund
Fund Size: 3,029 Cr
3,029 Cr
33.7 0.12%
10.13%
10.26%
12.12% Highest Returns
Invest
Growth Plus Fund
Fund Size: 516 Cr
516 Cr
29.57 0.07%
9.65%
10.04%
11.66% Highest Returns
Invest
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Whole Life Mid Cap Equity Fund
Fund Size: 10,453 Cr
10,453 Cr
108.15 0.52%
17.98%
16.24%
22.02% Highest Returns
Invest
Midcap Fund
Fund Size: 1,041 Cr
1,041 Cr
65.68 0.22%
16.08%
14.16%
21.38% Highest Returns
Invest
Multiplier
Fund Size: 3,525 Cr
3,525 Cr
72.09 0.31%
14.94%
14.93%
20.79% Highest Returns
Invest
Opportunities Fund
Fund Size: 32,785 Cr
32,785 Cr
56.93 0.13%
14.55%
13.72%
19.54% Highest Returns
Invest
Accelerator Mid-Cap Fund II
Fund Size: 5,083 Cr
5,083 Cr
60.51 0.16%
11.5%
13.57%
19.49% Highest Returns
Invest
High Growth Fund
Fund Size: 3,532 Cr
3,532 Cr
75.1 0.47%
20.25% Highest Returns
17.98%
18.2%
Invest
Classic Opportunities Fund
Fund Size: 10,710 Cr
10,710 Cr
52.38 0.16%
13.27%
12.56%
15.56% Highest Returns
Invest
Flexi Cap
Fund Size: 1,198 Cr
1,198 Cr
41.18 0.00%
12.53%
12.26%
14.28% Highest Returns
Invest
Opportunity Fund
Fund Size: 2,409 Cr
2,409 Cr
45.05 0.17%
12.94%
12.29%
14.27% Highest Returns
Invest
Save N Grow Money Fund
Fund Size: 73 Cr
73 Cr
49.74 0.02%
9.71%
9.93%
11.41% Highest Returns
Invest
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Balanced Fund
Fund Size: 1,419 Cr
1,419 Cr
15.29 0.00%
-
-
12.72% Highest Returns
Invest
Whole Life Stable Growth Fund
Fund Size: 202 Cr
202 Cr
48.63 0.08%
12.28%
11.31%
12.42% Highest Returns
Invest
Creator
Fund Size: 510 Cr
510 Cr
85.16 0.16%
10.13%
9.77%
11.31% Highest Returns
Invest
Multi Cap Balanced Fund
Fund Size: 2,102 Cr
2,102 Cr
34.22 0.10%
8.64%
8.43%
10.86% Highest Returns
Invest
Balancer II
Fund Size: 715 Cr
715 Cr
32.17 0.04%
10.04%
9.42%
10.68% Highest Returns
Invest
Managed Fund
Fund Size: 42 Cr
42 Cr
32.36 0.00%
9.02%
8.41%
10.48% Highest Returns
Invest
Stable Fund
Fund Size: 21 Cr
21 Cr
27.68 0.12%
9.58%
9.2%
10.24% Highest Returns
Invest
Balanced Plus Fund
Fund Size: 2,090 Cr
2,090 Cr
27.17 0.04%
8.93%
8.33%
9.92% Highest Returns
Invest
Future Balance Fund
Fund Size: 69 Cr
69 Cr
33.92 0.09%
9.81%
8.83%
9.91% Highest Returns
Invest
Balanced Fund-II
Fund Size: 158 Cr
158 Cr
30.61 0.03%
8.81%
8.25%
9.71% Highest Returns
Invest
Enhancer
Fund Size: 6,033 Cr
6,033 Cr
92.09 0.02%
8.38%
7.82%
9.15% Highest Returns
Invest
Cautious Asset Allocator Fund
Fund Size: 44 Cr
44 Cr
30.21 0.01%
7.29%
6.29%
7.79% Highest Returns
Invest
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Pure Fund
Fund Size: 410 Cr
410 Cr
38.58 0.09%
12.07%
11.99%
15.37% Highest Returns
Invest
Secured Fund
Fund Size: 519 Cr
519 Cr
13.87 0.00%
9.67% Highest Returns
9.67% Highest Returns
9.67% Highest Returns
Invest
Builder
Fund Size: 250 Cr
250 Cr
79.8 0.04%
8.27%
7.69%
9.34% Highest Returns
Invest
Whole Life Income Fund
Fund Size: 794 Cr
794 Cr
34.74 -0.02%
7.84%
6.89%
8.31% Highest Returns
Invest
Protector
Fund Size: 298 Cr
298 Cr
57.98 0.00%
7.52%
6.73%
8.19% Highest Returns
Invest
Debt Fund
Fund Size: 446 Cr
446 Cr
33.1 0.00%
8.16% Highest Returns
6.72%
8.04%
Invest
Dynamic Gilt Fund
Fund Size: 211 Cr
211 Cr
41.06 -0.04%
7.57%
6.32%
8.01% Highest Returns
Invest
Income Advantage
Fund Size: 820 Cr
820 Cr
36 -0.03%
7.78%
6.59%
7.88% Highest Returns
Invest
Steady Money Fund
Fund Size: 72 Cr
72 Cr
35.06 -0.03%
7.14%
6.32%
7.87% Highest Returns
Invest
Dynamic Bond Fund
Fund Size: 1,527 Cr
1,527 Cr
44.44 -0.03%
7.55%
6.31%
7.87% Highest Returns
Invest
Bond Fund
Fund Size: 110 Cr
110 Cr
25.41 -0.01%
6.81%
6.62%
7.84% Highest Returns
Invest
Secure Fund
Fund Size: 1,006 Cr
1,006 Cr
40.15 -0.01%
7.14%
6.08%
7.63% Highest Returns
Invest
Income Fund
Fund Size: 9,589 Cr
9,589 Cr
27.95 0.00%
6.99%
6.31%
7.62% Highest Returns
Invest
Assure
Fund Size: 277 Cr
277 Cr
40.7 -0.01%
6.52%
6.41%
7.16% Highest Returns
Invest
Preserver II
Fund Size: 77 Cr
77 Cr
25.29 -0.01%
6.96%
5.74%
7.04% Highest Returns
Invest
Protector II
Fund Size: 771 Cr
771 Cr
25.88 -0.01%
6.46%
5.52%
7.04% Highest Returns
Invest
Future Income Fund
Fund Size: 88 Cr
88 Cr
32.22 -0.02%
6%
5.16%
7.03% Highest Returns
Invest
Whole Life Short-Term Fixed Income Fund
Fund Size: 236 Cr
236 Cr
30.89 -0.01%
6.11%
6.07%
6.9% Highest Returns
Invest
Money Market Fund
Fund Size: 387 Cr
387 Cr
31.08 -0.02%
5.13%
5.56%
6.44% Highest Returns
Invest
Bond Fund-II
Fund Size: 78 Cr
78 Cr
24.36 -0.01%
5.01%
4.42%
6.33% Highest Returns
Invest
Dynamic Floating Rate Fund
Fund Size: 20 Cr
20 Cr
34.11 -0.01%
5.36%
5.18%
6.32% Highest Returns
Invest
Liquid Plus
Fund Size: 244 Cr
244 Cr
20.58 -0.02%
5.1%
5.52%
6.28% Highest Returns
Invest
Liquid Fund
Fund Size: 71 Cr
71 Cr
71.11 -0.04%
4.4%
4.75%
5.68% Highest Returns
Invest
Safe Money Fund
Fund Size: 64 Cr
64 Cr
22.28 -0.01%
4.02%
4.46%
5.42% Highest Returns
Invest
See more funds
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2023 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Best Tax Saver Funds

  1. Quant Tax Plan 

    Quant Tax Plan is an ELSS fund scheme offered by Quant Mutual Fund. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities with high growth potential. 

    This fund has consistently delivered good returns over the years. 

    Also, this fund has a Sharpe ratio of 1.24. The higher the Sharpe ratio of a fund, the better its returns have been relative to the risk it carries.

    Features of the fund:

    • AUM (Fund Size): Currently, the fund is managing an AUM of ₹555 Crores

    • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

    • Exit Load: 0%

    • Lock-in: 3 Years

    • Expense ratio: 0.57%

    Performance of the fund:

    Period

    Returns

    1 year

    61.61 %

    3 years

    36.58%

  2. Mirae Asset Tax Saver Fund

    Mirae Asset Tax Saver Fund is an ELSS mutual fund scheme from Mirae Asset Mutual Fund. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities with high growth potential.

    Since its inception, the fund has delivered 20.45% CAGR returns. It has delivered returns consistently without many ups and downs in the portfolio.

    Features of the fund:

    • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 10,087 Crores

    • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

    • Exit Load: 0%

    • Lock-in: 3 Years

    • Expense ratio: 0.43%

    Performance of the fund: 

    Period

    Returns

    1 year

    35.42%

    3 years

    24.85%

  3. Canara Robeco Equity Tax Saver

    Canara Robeco Equity Tax Saver is an ELSS mutual fund scheme offered by Canara Robeco. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities with high growth potential. 

    The fund makes investments both in primary and secondary equity markets and may also invest in ADRs or GDRs, which are the overseas markets dealing with investments in equity.

    Features of the fund:

    • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 2,876 Crores 

    • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

    • Exit Load: 0%

    • Lock-in: 3 Years

    • Expense ratio: 0.76%

    Performance of the fund: 

    Period

    Returns

    1 year

    35.42%

    3 years

    25.06 %

  4. Invesco India Tax Plan

    Invesco India Tax Plan is an ELSS mutual fund scheme from Invesco Mutual Fund. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities with high growth potential. 

    This fund has been in existence for 15 years, and it was launched on 20/11/2006. Since its inception, it has delivered a return of 15.14% CAGR.

    Features of the fund:

    • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 1,859 Crores 

    • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

    • Exit Load: 0%

    • Lock-in: 3 Years

    • Expense ratio: 0.88%

    Performance of the fund:

    Period

    Returns

    1 year

    32.38%

    3 years

    21.13%

  5. UTI Long Term Equity Fund

    UTI Long Term Equity Fund is an ELSS mutual fund scheme from UTI Mutual Fund. It is an open-ended equity fund that invests a minimum of 80% in equity-related instruments and a maximum of 20% in money market instruments and other liquid instruments. 

    This fund aims to create long-term wealth for its investors by investing the majority of funds in equity and equity-related instruments.

    Features of the fund:

    • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 2,977 Crores 

    • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

    • Exit Load: 0%

    • Lock-in: 3 Years

    • Expense ratio: 1.15%

    Performance of the fund: 

    Period

    Returns

    1 year

    32.75%

    3 years

    21.62%

  6. DSP Tax Saver

    DSP Tax Saver is an ELSS mutual fund scheme from DSP Mutual Fund. This fund aims to generate long-term wealth for its investor by creating a diversified portfolio of equity and equity-related securities. 

    This fund has delivered consistent returns over the years and has invested majorly in the finance, technology, construction, energy, and chemical sectors.

    Features of the fund:

    • AUM (Fund Size): Currently, the fund is managing an AUM of ₹ 9,420 Crores 

    • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

    • Exit Load: 0%

    • Lock-in: 3 Years

    • Expense ratio: 0.84%

    Performance of the fund: 

    Period

    Returns

    1 year

    34.36%

    3 years

    22.01%

  7. Axis Long Term Equity

    Axis Long Term Equity is an ELSS mutual fund scheme from Axis Mutual Fund. The scheme aims to create long-term wealth and capital growth for its investors by forming a diversified portfolio of equity and equity-related securities. 

    This fund has allocated 78.56% of the money in large-cap stocks, 18.47% in mid-cap stocks, and 1.81% in small-cap stocks. Axis Long Term Equity invests in businesses with high growth and a sustainable business model. 

    Features of the fund: 

    • AUM (Fund Size): Currently, the fund manages an AUM of ₹ 33,529 Crores 

    • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

    • Exit Load: 0%

    • Lock-in: 3 Years

    • Expense ratio: 0.74%

    Performance of the fund: 

    Period

    Returns

    1 year

    32.75%

    3 years

    21.62%

  8. Kotak Tax Saver Fund 

    Kotak Tax Saver Fund is an ELSS mutual fund scheme from Kotak Mahindra Mutual Fund. This fund makes investments in companies that have good financial strength, reputation, and a beneficial track record. The fund management selects companies that are relatively less prone to recessions or cycles. 

    Features of the fund:

    • AUM (Fund Size): Currently, the fund has an AUM of ₹ 2,335 Crores 

    • Minimum Investment: For SIP and lumpsum, the minimum investment is ₹500

    • Exit Load: 0%

    • Lock-in: 3 Years

    • Expense ratio: 0.73%

    Performance of the fund: 

    Period

    Returns

    1 year

    32.75%

    3 years

    21.62%

FAQ's

  • Q. What is an ELSS fund?

    A. ELSS stands for Equity Linked Savings Scheme. This is a type of mutual fund where you benefit from wealth creation and get an additional benefit of tax saving.
  • Q. Is there a difference between a tax saver fund and an ELSS fund?

    A. No, they are the same. There is no difference between a tax saver fund and an ELSS fund.
  • Q. What is SIP?

    A. SIP stands for Systematic Investment Plan. This is a method of investing where the investor, instead of investing all the money as a lumpsum, invests small amounts periodically (weekly, monthly, quarterly, annually, etc.)
  • Q. Are mutual funds regulated?

    A. Yes, the Securities and Exchange Board of India (SEBI) is the regulatory body for mutual funds in India.
  • Q. What are dividends?

    A. Dividends are amounts of money paid regularly (could be quarterly, semi-annually, annually, etc.) by a business to its stakeholders out of its profits.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

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