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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6.7 Crore
Registered Consumers
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Insurance Partners
3.4 Crore
Policies Sold
Large Cap
Mid Cap
Balanced
Debt
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Top 200 Fund
Fund Size: 1,663 Cr
1,663 Cr
153.69 -0.15%
27.01% Highest Returns
21.57%
20.76%
Get Details
Virtue II
Fund Size: 2,894 Cr
2,894 Cr
67.01 -0.36%
22.83% Highest Returns
18.67%
18.66%
Get Details
Pure Equity
Fund Size: 2,337 Cr
2,337 Cr
69.86 -0.37%
19.4% Highest Returns
15.57%
17.94%
Get Details
Growth Opportunities Plus Fund
Fund Size: 961 Cr
961 Cr
65.68 -0.16%
18.65% Highest Returns
16.03%
17.15%
Get Details
Pure Stock Fund
Fund Size: 6,464 Cr
6,464 Cr
138.5 -0.32%
17.41% Highest Returns
14.78%
16.85%
Get Details
Super Select Equity Fund
Fund Size: 1,245 Cr
1,245 Cr
70.36 -0.56%
17.02% Highest Returns
14.04%
16.63%
Get Details
Large Cap Equity Fund
Fund Size: 2,544 Cr
2,544 Cr
65.77 0.15%
20.44% Highest Returns
17.97%
16.55%
Get Details
Frontline Equity Fund
Fund Size: 3,212 Cr
3,212 Cr
60.72 -0.18%
18.19% Highest Returns
15.31%
16.23%
Get Details
Grow Money Plus Fund
Fund Size: 425 Cr
425 Cr
62.1 -0.19%
17.35% Highest Returns
15.65%
16.22%
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Whole Life Aggressive Growth Fund
Fund Size: 755 Cr
755 Cr
80.97 0.03%
17.92% Highest Returns
15.7%
15.89%
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Build India Fund
Fund Size: 39 Cr
39 Cr
55.72 -0.13%
16.28% Highest Returns
14.7%
15.84%
Get Details
Equity Top 250 Fund
Fund Size: 551 Cr
551 Cr
53.6 -0.27%
15.62% Highest Returns
12.75%
15.02%
Get Details
Top 50 Fund
Fund Size: 274 Cr
274 Cr
86.27 0.10%
17.69% Highest Returns
16.06%
14.99%
Get Details
Accelerator Fund
Fund Size: 230 Cr
230 Cr
43.22 -0.01%
17.9% Highest Returns
15.36%
14.69%
Get Details
Equity Growth Fund II
Fund Size: 4,836 Cr
4,836 Cr
65.96 -0.09%
14.63% Highest Returns
13.48%
14.56%
Get Details
Future Apex Fund
Fund Size: 83 Cr
83 Cr
50.64 -0.15%
17.88% Highest Returns
14.87%
14.53%
Get Details
Blue Chip Fund
Fund Size: 8,677 Cr
8,677 Cr
45.6 -0.11%
14.55% Highest Returns
13.39%
14.23%
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Maximiser
Fund Size: 2,892 Cr
2,892 Cr
61.83 -0.36%
15.66% Highest Returns
13.76%
14.12%
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Growth Super Fund
Fund Size: 13,759 Cr
13,759 Cr
72.85 -0.23%
15.04% Highest Returns
14.08%
14.01%
Get Details
Multi Cap Growth Fund
Fund Size: 19,028 Cr
19,028 Cr
48.03 -0.21%
13.61% Highest Returns
10.62%
13.57%
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Value & Momentum
Fund Size: 664 Cr
664 Cr
43.59 -0.30%
15.44% Highest Returns
9.28%
13.55%
Get Details
Enhancer Fund-II
Fund Size: 898 Cr
898 Cr
50.99 -0.10%
14.44% Highest Returns
13.07%
13.54%
Get Details
Equity Fund
Fund Size: 66,368 Cr
66,368 Cr
182.78 -0.58%
14.63% Highest Returns
13.09%
13.5%
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Equity Large Cap Fund
Fund Size: 493 Cr
493 Cr
51.3 -0.09%
13.78% Highest Returns
11.9%
13.29%
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Super 20
Fund Size: 1,956 Cr
1,956 Cr
59.23 -0.33%
14.88% Highest Returns
13.7%
13.22%
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Bluechip Equity Fund
Fund Size: 1,074 Cr
1,074 Cr
40.8 -0.10%
15.95% Highest Returns
14.41%
13.18%
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Future Opportunity Fund
Fund Size: 71 Cr
71 Cr
39.01 -0.11%
16.37% Highest Returns
13.64%
13.17%
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Magnifier
Fund Size: 1,261 Cr
1,261 Cr
112.76 -0.62%
13.99% Highest Returns
12.34%
13.06%
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Bluechip Fund
Fund Size: 4,456 Cr
4,456 Cr
41.54 -0.09%
14.06% Highest Returns
12.38%
13.06%
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Maximiser Fund V
Fund Size: 55,624 Cr
55,624 Cr
48.67 -0.15%
14.56% Highest Returns
12.38%
12.64%
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Future Maximize Fund
Fund Size: 89 Cr
89 Cr
49.65 -0.11%
14.62% Highest Returns
12.27%
12.18%
Get Details
Equity II Fund
Fund Size: 3,400 Cr
3,400 Cr
37.57 -0.08%
12.31% Highest Returns
10.82%
11.69%
Get Details
Growth Plus Fund
Fund Size: 552 Cr
552 Cr
33.04 -0.05%
12.36% Highest Returns
10.62%
11.56%
Get Details
Blue-Chip Equity Fund
Fund Size: 1,081 Cr
1,081 Cr
32.13 -0.05%
12.22% Highest Returns
11.51%
11.45%
Get Details
Growth Fund
Fund Size: 8,706 Cr
8,706 Cr
97.75 -0.13%
11.02% Highest Returns
9.94%
10.47%
Get Details
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Whole Life Mid Cap Equity Fund
Fund Size: 11,380 Cr
11,380 Cr
131.37 -0.18%
23.2% Highest Returns
17.19%
21.58%
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Midcap Fund
Fund Size: 1,340 Cr
1,340 Cr
84.21 -0.42%
23.17% Highest Returns
16.28%
19.65%
Get Details
High Growth Fund
Fund Size: 5,651 Cr
5,651 Cr
96.85 -1.08%
26.75% Highest Returns
20.68%
19.47%
Get Details
Multiplier
Fund Size: 4,058 Cr
4,058 Cr
85.95 -0.33%
19.28% Highest Returns
15.25%
19.28% Highest Returns
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Accelerator Mid-Cap Fund II
Fund Size: 5,938 Cr
5,938 Cr
76.91 -0.31%
18.51%
14.42%
18.52% Highest Returns
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Opportunities Fund
Fund Size: 35,583 Cr
35,583 Cr
67.26 -0.49%
18.81% Highest Returns
14.15%
18.1%
Get Details
Classic Opportunities Fund
Fund Size: 12,743 Cr
12,743 Cr
61.44 -0.24%
16.67% Highest Returns
13.76%
15.69%
Get Details
Opportunity Fund
Fund Size: 2,999 Cr
2,999 Cr
51.89 -0.19%
15.73% Highest Returns
13.51%
14.59%
Get Details
Flexi Cap
Fund Size: 1,350 Cr
1,350 Cr
49.04 -0.08%
16.42% Highest Returns
14.04%
14.47%
Get Details
Save N Grow Money Fund
Fund Size: 67 Cr
67 Cr
54.37 -0.06%
10.77%
10.26%
11.21% Highest Returns
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Whole Life Stable Growth Fund
Fund Size: 241 Cr
241 Cr
55.5 0.03%
14.47% Highest Returns
12.6%
12.81%
Get Details
Balanced Fund
Fund Size: 344 Cr
344 Cr
43.03 -0.07%
12.53% Highest Returns
11.01%
12.17%
Get Details
Creator
Fund Size: 523 Cr
523 Cr
92.16 -0.28%
10.83%
9.9%
11.04% Highest Returns
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Balancer II
Fund Size: 836 Cr
836 Cr
36.15 -0.04%
11.91% Highest Returns
10.59%
11.02%
Get Details
Stable Fund
Fund Size: 21 Cr
21 Cr
31.95 -0.02%
11.77% Highest Returns
10.9%
10.81%
Get Details
Multi Cap Balanced Fund
Fund Size: 2,107 Cr
2,107 Cr
37.89 -0.09%
10.63%
8.95%
10.75% Highest Returns
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Managed Fund
Fund Size: 41 Cr
41 Cr
34.67 -0.06%
9.54%
8.76%
10.39% Highest Returns
Get Details
Balanced Plus Fund
Fund Size: 2,129 Cr
2,129 Cr
29.53 -0.03%
10.27% Highest Returns
8.88%
9.81%
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Future Balance Fund
Fund Size: 70 Cr
70 Cr
36.35 -0.05%
10.33% Highest Returns
9.13%
9.6%
Get Details
Balanced Fund-II
Fund Size: 141 Cr
141 Cr
32.83 -0.02%
9.63% Highest Returns
8.54%
9.47%
Get Details
Enhancer
Fund Size: 6,003 Cr
6,003 Cr
98.01 -0.18%
8.72%
7.98%
9% Highest Returns
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Cautious Asset Allocator Fund
Fund Size: 36 Cr
36 Cr
31.54 -0.03%
6.81%
6.38%
7.5% Highest Returns
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Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Pure Fund
Fund Size: 487 Cr
487 Cr
46.68 -0.34%
16.57% Highest Returns
13.04%
16.12%
Get Details
Builder
Fund Size: 243 Cr
243 Cr
84.35 -0.09%
8.16%
7.75%
9.18% Highest Returns
Get Details
Whole Life Income Fund
Fund Size: 777 Cr
777 Cr
36.29 0.02%
7.26%
7.04%
8.29% Highest Returns
Get Details
Protector
Fund Size: 305 Cr
305 Cr
60.81 -0.03%
7.06%
6.82%
8.07% Highest Returns
Get Details
Debt Fund
Fund Size: 466 Cr
466 Cr
34.38 0.02%
7.46%
6.88%
8.05% Highest Returns
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Dynamic Gilt Fund
Fund Size: 202 Cr
202 Cr
42.65 0.04%
6.54%
6.53%
8.04% Highest Returns
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Income Advantage
Fund Size: 832 Cr
832 Cr
37.54 0.02%
7.08%
6.85%
7.87% Highest Returns
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Steady Money Fund
Fund Size: 75 Cr
75 Cr
36.62 0.02%
6.62%
6.37%
7.83% Highest Returns
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Dynamic Bond Fund
Fund Size: 1,433 Cr
1,433 Cr
46.17 0.04%
6.66%
6.44%
7.78% Highest Returns
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Bond Fund
Fund Size: 22,648 Cr
22,648 Cr
44.62 0.03%
6.54%
6.22%
7.59% Highest Returns
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Income Fund
Fund Size: 9,034 Cr
9,034 Cr
29.08 0.01%
6.38%
6.31%
7.59% Highest Returns
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Secure Fund
Fund Size: 1,021 Cr
1,021 Cr
41.8 0.02%
6.59%
6.18%
7.53% Highest Returns
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Preserver II
Fund Size: 80 Cr
80 Cr
26.41 0.01%
6.5%
6.06%
7.21% Highest Returns
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Assure
Fund Size: 279 Cr
279 Cr
42.26 -0.01%
6.14%
6.38%
6.96% Highest Returns
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Protector II
Fund Size: 774 Cr
774 Cr
26.92 0.02%
6.03%
5.64%
6.96% Highest Returns
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Future Income Fund
Fund Size: 83 Cr
83 Cr
33.6 0.03%
5.52%
5.36%
6.92% Highest Returns
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Whole Life Short-Term Fixed Income Fund
Fund Size: 234 Cr
234 Cr
32.13 -0.01%
5.8%
6.05%
6.76% Highest Returns
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Money Market Fund
Fund Size: 394 Cr
394 Cr
32.36 0.00%
5.1%
5.52%
6.35% Highest Returns
Get Details
Bond Fund-II
Fund Size: 72 Cr
72 Cr
25.17 0.01%
4.81%
4.45%
6.2% Highest Returns
Get Details
Liquid Plus
Fund Size: 251 Cr
251 Cr
21.38 -0.01%
5%
5.49%
6.14% Highest Returns
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Dynamic Floating Rate Fund
Fund Size: 20 Cr
20 Cr
35.36 -0.02%
4.97%
5.18%
6.08% Highest Returns
Get Details
Liquid Fund
Fund Size: 72 Cr
72 Cr
73.66 -0.02%
4.39%
4.73%
5.53% Highest Returns
Get Details
Safe Money Fund
Fund Size: 57 Cr
57 Cr
23.05 0.00%
4.06%
4.45%
5.25% Highest Returns
Get Details
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2024 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Data source : value research

Returns as on 28-05-2024. The returns are the returns of best-performing fund in the plan

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
^The tax benefits under Section 80C allow a deduction of up to ?1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ?2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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