#1SelectFund size ₹12,293 Cr
- Returns · 3Y CAGR
- 12.7%
- Return per unit of risk · Sharpe
- 0.64
- Worst fall · Max drawdown
- −6.3%
+2.4 pts · Above category average
Good
Gentler than category
Qonfido-rated shortlist
Best ELSS Mutual Funds — Qonfido-Rated
ELSS funds are equity-linked savings schemes with a three-year lock-in, often used for Section 80C tax planning. Compare Qonfido-rated ELSS funds within the category peer group.
12 Qonfido-rated elss funds · Ratings and metrics as of
Qonfido-rated ELSS funds
Equity funds with a 3-year lock-in that can save tax under 80C.
Role: Tax saverHold for: 3+ years (lock-in)Risk:High
116 funds in category · 30 Qonfido-rated · Category avg 3Y return 10.3% · Typical fall 9.5%
- #1
#2SelectFund size ₹11,604 Cr- Returns · 3Y CAGR
- 12.4%
- Return per unit of risk · Sharpe
- 0.61
- Worst fall · Max drawdown
- −6.4%
+2.1 pts · Above category average
Good
Gentler than category
#3SelectFund size ₹10,875 Cr- Returns · 3Y CAGR
- 11.6%
- Return per unit of risk · Sharpe
- 0.60
- Worst fall · Max drawdown
- −5.7%
+1.3 pts · Above category average
Good
Gentler than category
#4SelectFund size ₹5,831 Cr- Returns · 3Y CAGR
- 11.8%
- Return per unit of risk · Sharpe
- 0.60
- Worst fall · Max drawdown
- −6.3%
+1.5 pts · Above category average
Good
Gentler than category
#5SelectFund size ₹4,711 Cr- Returns · 3Y CAGR
- 10.4%
- Return per unit of risk · Sharpe
- 0.50
- Worst fall · Max drawdown
- −5.9%
In line with category
Good
Gentler than category
#6SelectFund size ₹4,679 Cr- Returns · 3Y CAGR
- 11.6%
- Return per unit of risk · Sharpe
- 0.53
- Worst fall · Max drawdown
- −6.5%
+1.3 pts · Above category average
Good
Gentler than category
#7PremierFund size ₹3,220 Cr- Returns · 3Y CAGR
- 15.6%
- Return per unit of risk · Sharpe
- 0.73
- Worst fall · Max drawdown
- −7.3%
+5.3 pts · Above category average
Strong
Gentler than category
#8SelectFund size ₹2,989 Cr- Returns · 3Y CAGR
- 12.0%
- Return per unit of risk · Sharpe
- 0.57
- Worst fall · Max drawdown
- −6.5%
+1.7 pts · Above category average
Good
Gentler than category
#9SelectFund size ₹2,929 Cr- Returns · 3Y CAGR
- 18.0%
- Return per unit of risk · Sharpe
- 0.79
- Worst fall · Max drawdown
- −8.4%
+7.7 pts · Above category average
Strong
Gentler than category
#10PremierFund size ₹2,606 Cr- Returns · 3Y CAGR
- 14.0%
- Return per unit of risk · Sharpe
- 0.67
- Worst fall · Max drawdown
- −7.8%
+3.7 pts · Above category average
Good
Gentler than category
#11SelectFund size ₹819 Cr- Returns · 3Y CAGR
- 11.7%
- Return per unit of risk · Sharpe
- 0.53
- Worst fall · Max drawdown
- −7.6%
+1.4 pts · Above category average
Good
Gentler than category
#12SelectFund size ₹789 Cr- Returns · 3Y CAGR
- 10.1%
- Return per unit of risk · Sharpe
- 0.48
- Worst fall · Max drawdown
- −6.4%
In line with category
Fair
Gentler than category
White tick = category average
Lists show Qonfido-rated funds within comparable peer groups. Ratings support research and are not predictions, suitability assessments, or guarantees of future returns. Mutual fund investments are subject to market risks.
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SIP estimator
Illustrative only. Past returns do not guarantee future results.
- Invested
- ₹6,00,000
- Est. gains
- ₹5,61,695
- Est. corpus
- ₹11,61,695
Frequently asked questions
What are the best ELSS mutual funds?
Qonfido shortlists Qonfido-rated elss mutual funds using expert analysis within comparable peer groups—looking at consistency, risk-adjusted performance, and quality judgment, not past returns alone. Use the list as research support before you invest.
How does Qonfido rate elss funds?
Qonfido places funds into clear tiers within the category. Higher tiers reflect stronger relative quality on Qonfido’s methodology. See the fund rating methodology page for the full approach and limitations.
Are elss funds safe?
No mutual fund category is risk-free. ELSS funds carry market and category-specific risks. Qonfido ratings help you compare peers; they do not guarantee returns or suitability for your situation.