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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  • Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • ₹ 1 Crore

    Invest 10k Per Month*
  • Zero LTCG Tax

    Unlike 10% in Mutual Funds

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

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Top Best Tax Saver Funds

Fund Name
Fund Size
NAV
5 Year
7 Year
10 Year
Best Tax Saver Funds Super Select Equity Fund
973 Cr
53.74 -0.32%
12.43%
13.95%
16.54% Highest Returns
16.54% Highest Returns
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Best Tax Saver Funds Pure Equity
1,289 Cr
48.89 -0.13%
12.92%
16.3%
16.35% Highest Returns
16.35% Highest Returns
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Best Tax Saver Funds Pure Stock Fund
4,112 Cr
98.57 -0.33%
11.87%
15.23%
15.85% Highest Returns
15.85% Highest Returns
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Best Tax Saver Funds Large Cap Equity Fund
1,837 Cr
46.54 -0.40%
16.15% Highest Returns
15.54%
15.8%
15.8%
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Best Tax Saver Funds Equity Top 250 Fund
437 Cr
39.71 -0.32%
9.93%
13.17%
15.19% Highest Returns
15.19% Highest Returns
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Best Tax Saver Funds Equity Growth Fund II
3,853 Cr
52.11 -0.47%
12.3%
13.9%
15.07% Highest Returns
15.07% Highest Returns
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Best Tax Saver Funds Whole Life Aggressive Growth Fund
591 Cr
58.86 -0.41%
13.3%
14.31%
14.71% Highest Returns
14.71% Highest Returns
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Best Tax Saver Funds Equity Large Cap Fund
455 Cr
40.72 -0.37%
10%
13.42%
14.14% Highest Returns
14.14% Highest Returns
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Best Tax Saver Funds Blue Chip Fund
7,618 Cr
36.16 -0.38%
12.25%
13.19%
14.03% Highest Returns
14.03% Highest Returns
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Best Tax Saver Funds Top 50 Fund
142 Cr
61.6 -0.59%
13.52%
14.23% Highest Returns
14.02%
14.02%
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Best Tax Saver Funds Future Apex Fund
73 Cr
37.41 -0.39%
13.48%
13.61%
13.93% Highest Returns
13.93% Highest Returns
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Best Tax Saver Funds Enhancer Fund-II
694 Cr
40.16 -0.38%
12.06%
13.08%
13.9% Highest Returns
13.9% Highest Returns
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Best Tax Saver Funds Equity Fund
38,469 Cr
140.75 -1.36%
10.99%
16.14% Highest Returns
13.87%
13.87%
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Best Tax Saver Funds Super 20
1,546 Cr
47.24 -0.47%
13.52%
13.37%
13.61% Highest Returns
13.61% Highest Returns
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Best Tax Saver Funds Opportunity Fund
1,995 Cr
38.48 -0.31%
11.67%
11.83%
13.61% Highest Returns
13.61% Highest Returns
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Best Tax Saver Funds Growth Super Fund
10,642 Cr
56.03 -0.48%
12.46%
13.27%
13.59% Highest Returns
13.59% Highest Returns
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Best Tax Saver Funds Maximiser
2,415 Cr
47.25 -0.41%
12.3%
13.12%
13.46% Highest Returns
13.46% Highest Returns
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Best Tax Saver Funds Flexi Cap
1,115 Cr
35.48 -0.33%
11.05%
12.04%
13.36% Highest Returns
13.36% Highest Returns
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Best Tax Saver Funds Bluechip Equity Fund
806 Cr
31.66 -0.28%
13.47% Highest Returns
13.22%
13.02%
13.02%
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Best Tax Saver Funds Maximiser Fund V
47,864 Cr
37.23 -0.30%
10.92%
12.65%
12.93% Highest Returns
12.93% Highest Returns
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Best Tax Saver Funds Magnifier
1,164 Cr
88.99 -0.69%
11.08%
12.85% Highest Returns
12.85% Highest Returns
12.85% Highest Returns
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Best Tax Saver Funds Bluechip Fund
3,682 Cr
32.79 -0.30%
11.3%
11.9%
12.69% Highest Returns
12.69% Highest Returns
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Best Tax Saver Funds Future Opportunity Fund
58 Cr
29.12 -0.31%
12.02%
12.43% Highest Returns
12.42%
12.42%
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Best Tax Saver Funds Value & Momentum
636 Cr
31.42 -0.25%
5.55%
11.51%
12.22% Highest Returns
12.22% Highest Returns
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Best Tax Saver Funds Future Maximize Fund
86 Cr
38.53 -0.36%
10.93%
11.61%
11.75% Highest Returns
11.75% Highest Returns
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Fund Name
Fund Size
NAV
5 Year
7 Year
10 Year
Best Tax Saver Funds Whole Life Mid Cap Equity Fund
8,667 Cr
88.51 -0.33%
14.07%
16.28%
20.45% Highest Returns
20.45% Highest Returns
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Best Tax Saver Funds Top 200 Fund
690 Cr
101.03 -0.63%
20.19% Highest Returns
18.44%
18.78%
18.78%
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Best Tax Saver Funds Multiplier
2,795 Cr
59.11 -0.29%
11.34%
15.54%
17.79% Highest Returns
17.79% Highest Returns
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Best Tax Saver Funds High Growth Fund
1,741 Cr
58.77 -0.16%
15.87%
16.67%
16.68% Highest Returns
16.68% Highest Returns
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Best Tax Saver Funds Virtue II
1,356 Cr
45.58 -0.25%
15.84%
15.22%
16.49% Highest Returns
16.49% Highest Returns
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Best Tax Saver Funds Accelerator Mid-Cap Fund II
4,393 Cr
51.52 -0.19%
9.8%
14.48%
16.47% Highest Returns
16.47% Highest Returns
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Best Tax Saver Funds Opportunities Fund
28,516 Cr
47.97 -0.25%
11.16%
13.99%
16.06% Highest Returns
16.06% Highest Returns
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Best Tax Saver Funds Multi Cap Growth Fund
18,197 Cr
36.65 -0.33%
8.04%
10.68%
12.67% Highest Returns
12.67% Highest Returns
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Fund Name
Fund Size
NAV
5 Year
7 Year
10 Year
Best Tax Saver Funds Balanced Fund
781 Cr
14.06 -0.09%
-
-
14.47% Highest Returns
14.47% Highest Returns
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Best Tax Saver Funds Whole Life Stable Growth Fund
172 Cr
43.34 -0.22%
11.11%
11.72%
11.99% Highest Returns
11.99% Highest Returns
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Best Tax Saver Funds Growth Plus Fund
541 Cr
26.29 -0.22%
8.6%
10.65%
11.32% Highest Returns
11.32% Highest Returns
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Best Tax Saver Funds Save N Grow Money Fund
73 Cr
45.67 -0.24%
9.03%
10.78%
11.23% Highest Returns
11.23% Highest Returns
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Best Tax Saver Funds Creator
534 Cr
77.5 -0.41%
9.13%
11.64% Highest Returns
10.97%
10.97%
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Best Tax Saver Funds Multi Cap Balanced Fund
2,318 Cr
31.16 -0.19%
7.52%
9.29%
10.88% Highest Returns
10.88% Highest Returns
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Best Tax Saver Funds Managed Fund
43 Cr
29.35 -0.11%
7.61%
8.65%
10.36% Highest Returns
10.36% Highest Returns
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Best Tax Saver Funds Balancer II
588 Cr
28.97 -0.19%
8.8%
9.78%
10.22% Highest Returns
10.22% Highest Returns
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Best Tax Saver Funds Stable Fund
22 Cr
24.77 -0.16%
8.56%
9.54%
9.82% Highest Returns
9.82% Highest Returns
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Best Tax Saver Funds Balanced Plus Fund
2,310 Cr
24.84 -0.15%
7.69%
9.07%
9.62% Highest Returns
9.62% Highest Returns
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Best Tax Saver Funds Balanced Fund-II
153 Cr
28.1 -0.14%
7.72%
8.92%
9.35% Highest Returns
9.35% Highest Returns
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Best Tax Saver Funds Future Balance Fund
64 Cr
29.86 -0.20%
7.83%
8.77%
9.18% Highest Returns
9.18% Highest Returns
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Best Tax Saver Funds Enhancer
6,342 Cr
84.76 -0.31%
7.19%
10.46% Highest Returns
8.93%
8.93%
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Best Tax Saver Funds Cautious Asset Allocator Fund
62 Cr
28.64 -0.09%
6.18%
8.01% Highest Returns
7.9%
7.9%
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Fund Name
Fund Size
NAV
5 Year
7 Year
10 Year
Best Tax Saver Funds Pure Fund
327 Cr
33.56 -0.15%
9.97%
12.51%
14.31% Highest Returns
14.31% Highest Returns
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Best Tax Saver Funds Builder
265 Cr
74.1 -0.24%
7.22%
9.77% Highest Returns
9.29%
9.29%
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Best Tax Saver Funds Whole Life Income Fund
768 Cr
32.67 -0.05%
6.83%
7.84%
8.35% Highest Returns
8.35% Highest Returns
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Best Tax Saver Funds Protector
328 Cr
54.35 -0.12%
6.34%
8.2% Highest Returns
8.1%
8.1%
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Best Tax Saver Funds Steady Money Fund
86 Cr
33.22 -0.06%
5.93%
7.76%
7.96% Highest Returns
7.96% Highest Returns
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Best Tax Saver Funds Bond Fund
104 Cr
23.75 -0.01%
6.38%
7.08%
7.96% Highest Returns
7.96% Highest Returns
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Best Tax Saver Funds Debt Fund
417 Cr
31.26 -0.05%
6.79%
8.33% Highest Returns
7.93%
7.93%
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Best Tax Saver Funds Dynamic Gilt Fund
203 Cr
38.73 -0.09%
6.07%
7.36%
7.92% Highest Returns
7.92% Highest Returns
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Best Tax Saver Funds Income Advantage
838 Cr
33.89 -0.07%
6.61%
9.07% Highest Returns
7.9%
7.9%
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Best Tax Saver Funds Income Fund
10,135 Cr
26.54 -0.05%
6.08%
7.93% Highest Returns
7.9%
7.9%
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Best Tax Saver Funds Secure Fund
942 Cr
37.75 -0.09%
5.68%
7.67%
7.89% Highest Returns
7.89% Highest Returns
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Best Tax Saver Funds Dynamic Bond Fund
1,614 Cr
42.17 -0.07%
6.17%
7.88% Highest Returns
7.87%
7.87%
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Best Tax Saver Funds Assure
299 Cr
38.35 -0.02%
6.3%
8.23% Highest Returns
7.45%
7.45%
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Best Tax Saver Funds Whole Life Short-Term Fixed Income Fund
239 Cr
29.08 -0.02%
5.89%
7.05%
7.14% Highest Returns
7.14% Highest Returns
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Best Tax Saver Funds Future Income Fund
99 Cr
30.55 -0.06%
4.62%
8.21% Highest Returns
7.1%
7.1%
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Best Tax Saver Funds Protector II
799 Cr
24.37 -0.03%
5.03%
7.25% Highest Returns
6.95%
6.95%
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Best Tax Saver Funds Dynamic Floating Rate Fund
21 Cr
32.21 -0.01%
4.7%
6.44%
6.83% Highest Returns
6.83% Highest Returns
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Best Tax Saver Funds Preserver II
79 Cr
23.7 -0.05%
5.44%
7.02% Highest Returns
6.83%
6.83%
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Best Tax Saver Funds Money Market Fund
3,345 Cr
23.54 0.00%
5.2%
6.92% Highest Returns
6.67%
6.67%
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Best Tax Saver Funds Liquid Plus
250 Cr
19.38 -0.01%
5.18%
6.5% Highest Returns
6.49%
6.49%
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Best Tax Saver Funds Bond Fund-II
81 Cr
23.14 -0.04%
3.59%
6.84% Highest Returns
6.46%
6.46%
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Best Tax Saver Funds Liquid Fund
68 Cr
67.31 -0.01%
4.38%
6.69% Highest Returns
5.97%
5.97%
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Best Tax Saver Funds Safe Money Fund
66 Cr
21.11 0.00%
3.94%
5.83% Highest Returns
5.71%
5.71%
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Fund Name
Fund Size
NAV
5 Year
7 Year
10 Year
Best Tax Saver Funds Growth Fund
2,352 Cr
16.13 -0.11%
-
-
20.9% Highest Returns
- Highest Returns
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Best Tax Saver Funds Midcap Fund
849 Cr
51.37 -0.20%
10.98%
13.76%
17.32% Highest Returns
17.32% Highest Returns
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Best Tax Saver Funds Growth Opportunities Plus Fund
658 Cr
49.05 -0.40%
13.6%
15.51%
16.9% Highest Returns
16.9% Highest Returns
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Best Tax Saver Funds Grow Money Plus Fund
306 Cr
47.46 -0.42%
13.56%
15.59%
16.27% Highest Returns
16.27% Highest Returns
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Best Tax Saver Funds Build India Fund
31 Cr
43.04 -0.39%
12.76%
15%
15.99% Highest Returns
15.99% Highest Returns
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Best Tax Saver Funds Frontline Equity Fund
1,461 Cr
43.61 -0.45%
12.69%
13.82%
15.15% Highest Returns
15.15% Highest Returns
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Best Tax Saver Funds Classic Opportunities Fund
9,326 Cr
45.97 -0.45%
11.38%
13.23%
14.98% Highest Returns
14.98% Highest Returns
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Best Tax Saver Funds Accelerator Fund
196 Cr
31.78 -0.39%
13.48% Highest Returns
13.2%
13.47%
13.47%
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Best Tax Saver Funds Equity Growth Fund
1,145 Cr
42.85 -0.42%
10.91%
11.54%
12.37% Highest Returns
12.37% Highest Returns
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Best Tax Saver Funds Equity II Fund
2,984 Cr
29.85 -0.29%
9.02%
10.71%
11.75% Highest Returns
11.75% Highest Returns
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Best Tax Saver Funds Aggressive Asset Allocator Fund
164 Cr
43.18 -0.36%
11.14%
11.43% Highest Returns
11.09%
11.09%
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Best Tax Saver Funds Moderate Asset Allocator Fund
52 Cr
32.74 -0.18%
7.64%
9.08% Highest Returns
8.84%
8.84%
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Best ULIP Funds - Consider the best performing ULIP funds to invest in 2022 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.
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