What are ELSS Funds?
ELSS, or Equity Linked Saving Scheme, are a type of funds in India that offer tax benefits along with the potential for high returns. They are essentially investment products that pool money from multiple investors and invest it in various stocks and equity-related instruments.
Features and Benefits:
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Tax benefits: Investments in ELSS funds qualify for tax deductions under Section 80C of the Income Tax Act, 1961. This allows you to reduce your taxable income and potentially save a significant amount of tax.
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Equity investment: ELSS funds primarily invest in equities, which offer the potential for higher returns compared to other tax-saving instruments like fixed deposits or Public Provident Fund (PPF).
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Lock-in period: ELSS funds come with a lock-in period of 3 years.
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Potential for high returns: ELSS funds have the potential to generate higher returns compared to other tax-saving instruments over the long term.
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Disciplined investing: The lock-in period of 3 years encourages disciplined investing and helps you stay invested for the long term, which is crucial for maximizing returns in equity markets.
- Insurance Companies
- Mutual Funds
|
Returns |
Fund Name |
5 Years |
7 Years |
10 Years |
Axis Max Life |
28.6% |
21.1% |
|
Tata AIA Life |
27.04% |
21.38% |
|
Bajaj Allianz |
20.99% |
12.88% |
|
HDFC Life |
22.26% |
14.98% |
|
ICICI Prudential Life |
20.26% |
13.48% |
|
Birla Sun Life |
22.86% |
14.91% |
|
PNB MetLife |
21.11% |
16.44% |
|
Canara HSBC Life |
16.91% |
10.52% |
|
LIC India |
10.95% |
- |
|
SBI Life |
17.07% |
12.13% |
|
Fund rating powered by
Last updated: Aug 2025
|
Returns |
Fund Name |
3 Years |
5 Years |
10 Years |
QUANT |
23.92% |
31.48% |
|
PARAG PARIKH |
20.69% |
26.41% |
|
EDELWEISS |
22.34% |
24.29% |
|
KOTAK |
24.64% |
25.01% |
|
MIRAE ASSET |
19.74% |
24.32% |
|
PGIM INDIA |
14.75% |
23.39% |
|
DSP |
18.41% |
22.33% |
|
CANARA ROBECO |
20.05% |
21.80% |
|
SUNDARAM |
18.27% |
18.22% |
|
Last updated: August 2025


What are SIPs?
SIP stands for Systematic Investment Plan. It's a popular method for investing in various financial instruments like ULIPs, mutual funds, stocks, and retirement accounts. Here's how it works:
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Regular investments: Instead of investing a lump sum, you contribute a fixed amount at specific intervals, usually weekly, monthly, or quarterly.
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Disciplined approach: SIPs encourage regular saving, building financial discipline and consistency.
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Flexibility: You can start with a small amount and adjust the investment amount as your financial situation changes.
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Potential benefits: SIPs offer the potential benefits of:
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Rupee-cost averaging: By investing at different market points, you average out the cost per unit, potentially reducing the impact of market volatility.
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Compounding: As your investments grow, you earn returns on the returns, leading to accelerated growth over time.
SIP Calculator
Monthly Investment
₹22.4 L
Top Funds with High Returns (Past 7 Years)
17.8%
High Growth Fund
20.21%
India Consumption Fund
14.99%
Accelerator Mid-Cap Fund II
15.24%
Global Equity Index Funds Strategy
12.96%
Opportunities Fund
15.79%
Multiplier
15.26%
Virtue II
10.92%
Equity II Fund
13.97%
Accelerator Fund
11.52%
Pension Dynamic Equity Fund
14.43%
Frontline Equity Fund
12.6%
Equity Pension
11.77%
Equity Top 250 Fund
14.93%
Growth Opportunities Plus Fund
13.69%
Future Apex Fund
13.87%
US Equity Fund
ELSS vs SIP
While often compared, ELSS and SIPs are not directly comparable. Instead, they work together to offer a comprehensive investment strategy:
ELSS is a type of fund that invests primarily in stocks. SIP is a method of investing that allows you to invest a fixed amount at regular intervals.
The key takeaway:
This combination of tax savings, discipline, and growth potential makes ELSS with SIP a powerful tool for long-term wealth creation.
How to Calculate Returns on Your ELSS SIP?
You can easily estimate your potential returns using a SIP calculator. An SIP calculator is an online tool that helps you estimate the potential returns on your investments made through SIPs. By inputting the relevant details into the SIP calculator, investors can get a clear picture of the projected returns over time, helping them make informed investment decisions and plan their financial goals effectively.