ELSS

Funds aimed at enabling investors to avail tax rebates under Sec 80-C of the Income Tax Act.

Equity-linked savings scheme popularly known as ELSS are open-ended, diversified equity schemes offered by mutual funds in India. They offer tax benefits under the new Section 80C of Income Tax Act 1961. ELSS can be invested using both SIP (Systematic Investment Plan) and lump sums investment options.

Mutual Fund Scheme Crisil Rank AUM 1mth 3mth 6mth 1yr 2yr 3yr 5yr
(Rs. cr.)
Mar-17
Reliance Tax Saver (ELSS) (G)  Rank 3 6,327.36 2.2 9.2 20.9 30 13 17 24
IDFC Tax Adv. (ELSS) -Direct (G) Rank 3 27.93 4.2 14.8 29.1 32 14 21
Reliance Tax Saver(ELSS)-Direct (G) Rank 3 379.9 2.3 9.5 21.5 31 14 18
Axis Long Term Equity – Direct (G) Rank 4 660.07 2.8 12.5 19.7 19 12 20
Edelweiss Tax Advantage (G) Not Ranked 11.84 3.3 11.2 20.3 18 10 13 18
Kotak Tax Saver – Direct (G) Rank 2 10.94 2 10.9 23.2 32 16 21
UTI Long Term Advantage S3 (G) Not Ranked 8.6 1.3 10.6 27.5 33
Franklin India Tax Shield (G) Rank 3 2,378.99 2.8 7.3 16.2 18 11 18 21
Axis Long Term Equity Fund (G) Rank 4 10,675.84 2.7 12.2 19.1 18 11 19 25
HDFC Long Term Advant. – Direct (G) Rank 2 82.98 3.3 10.2 20.9 29 17 15
ICICI Pru Long Term Equity-Tax Svng-DP-G Rank 3 252.79 1 5.3 15.2 23 13 14
Reliance Tax Saver (ELSS) (G) Rank 3 6,327.36 2.2 9.2 20.9 30 13 17 24
HDFC Long Term Advantage (G) Rank 2 1,215.99 3.2 10 20.5 28 16 15 20
Tata India Tax Savings Fund – Direct (G) Rank 2 229.31 1.5 12.8 24.1 27 19
Tata India Tax Savings Fund – Reg (G) Rank 2 283.59 1.3 12.4 23.4 26 17
HDFC Tax Saver – Direct (G) Rank 3 342.52 2.2 11.1 21.6 34 14 13
Sundaram Tax Saver -Direct (G) Rank 3 28.6 2.3 12.3 25.2 31 18 18
IDFC Tax Advantage (ELSS)-RP (G) Rank 3 487.12 4.1 14.5 28.5 31 13 19 23