Top ELSS Mutual Funds Based on 1-Year Returns

Equity Linked Savings Schemes (ELSS) remain one of the most popular Tax-saving investment options for investors looking to claim deductions under Section 80C while participating in the long-term growth potential of equity markets. Along with tax benefits, these funds offer an opportunity to build wealth, although returns can vary significantly depending on market conditions and fund strategy.

Also Read - Best-Performing Mutual Funds in the Last One Year

Based on the latest data as of July 5, 2026, Quant ELSS Tax Saver emerged as the best-performing ELSS fund over the past one year, delivering an annualised return of 9.40%.

Although these funds delivered positive returns, the gap between the top-ranked scheme and the rest highlights the wide dispersion in performance across ELSS funds over the past year.

Top ELSS Funds by 1-Year Returns

Should Investors Choose a Fund Based Only on Recent Returns?

While one-year returns offer a snapshot of recent performance, they should not be the sole criterion for selecting an ELSS fund. Since ELSS investments come with a mandatory three-year lock-in period, investors should also evaluate factors such as long-term performance across market cycles, portfolio quality, fund manager track record, risk-adjusted returns, and consistency before making an investment decision.

Additionally, a fund that tops the performance chart in one year may not necessarily maintain its leadership in the years ahead, making a broader evaluation essential.

Disclaimer: The article is for informational purposes only and not investment advice.