ELSS tax-saving mutual funds under Section 80C
Equity Linked Savings Schemes — the only mutual fund category that qualifies for a deduction under Section 80C.
Summary
Equity Linked Savings Schemes — the only mutual fund category that qualifies for a deduction under Section 80C. The rule is: SEBI scheme category is ELSS. This is a complete list on that rule, ordered by minimum SIP instalment, smallest first — not a ranking or a recommendation.
What this page lists
SEBI scheme category is ELSS.
Every matching scheme we can transact in is here — ordered by minimum SIP instalment, smallest first. It is not a shortlist and not a ranking. GrowIQ is a distributor, not an adviser, and does not rate funds.
No schemes match yet
Either the exchange scheme master has not been synced yet, or no scheme currently meets this rule. The master refreshes daily and this page recomputes with it.
ELSS tax-saving mutual funds under Section 80C: questions
How many mutual funds match this?
No schemes currently match this rule in the exchange scheme master. The master refreshes daily and this page recomputes with it.
How much tax does an ELSS investment actually save?
Investments in ELSS qualify for a deduction under Section 80C, which is capped at ₹1.5 lakh a year across every 80C instrument combined — EPF, PPF, life insurance premiums, principal on a home loan and ELSS all share the same ceiling. The deduction is only available under the OLD tax regime. Under the new regime, which is the default since FY 2023-24, Section 80C does not apply and an ELSS investment carries no deduction at all.
How does the three-year ELSS lock-in work?
Each instalment is locked for three years from ITS OWN date of allotment, not from when you started. A SIP begun in April 2026 has its first instalment free in April 2029 and its twelfth free in March 2030. There is no way to redeem earlier — unlike a fixed deposit there is no premature exit with a penalty. It is the shortest statutory lock-in among 80C instruments.
Is ELSS taxed when I redeem it?
Yes. The lock-in guarantees the gain is long-term, and long-term capital gains on equity are taxed under Section 112A — exempt up to ₹1.25 lakh a year across all your equity gains, and taxed at 12.5% above that for units sold on or after 23 July 2024. The 80C deduction applies when you invest; the tax on the gain applies when you sell. They are separate events.
Is this list a recommendation?
No. It is every scheme matching one stated, checkable rule — SEBI scheme category is ELSS. It is ordered by minimum SIP instalment, smallest first, so the order is reproducible and carries no judgement. GrowIQ Capital is an AMFI-registered mutual fund distributor (ARN-352082), not a SEBI Registered Investment Adviser, and does not rate, rank or recommend schemes.
Other ways to narrow the list
Mutual funds you can start a SIP in from ₹100
Minimum SIP instalment of ₹100 or less, and SIP registration currently permitted.
Mutual funds you can start a SIP in from ₹500
Minimum SIP instalment of ₹500 or less, and SIP registration currently permitted.
Mutual funds with no lock-in period
Statutory lock-in of zero months.
Mutual funds with no exit load
The scheme's disclosed exit load note states nil.
Regular plan mutual funds
Plan type is Regular.
Mutual funds you can invest a lump sum in from ₹500
Minimum lump-sum purchase of ₹500 or less, and purchases currently permitted.
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance does not indicate future returns. Minimums, exit loads and lock-ins are taken from the exchange scheme master and can be changed by the AMC — check the scheme’s own documents before transacting. GrowIQ Capital is an AMFI-registered mutual fund distributor (ARN-352082).