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Save Tax. Invest in ELSS.

Lowest lock-in of 3 Years
Highest Returns
Instant Online Investment
Invest Now

How Much Can I Save in ELSS?

Enter Annual Salary (Excluding HRA)

Five Lakh

You will save  ₹7,500  if you invest  ₹1,50,000  in ELSS

Save tax ₹7,500

Why Groww?

Mutual funds portfolio by experts

100% Online & Paperless

Do everything like investing or withdrawing online without any paperwork

Invest in the best mutual funds SIP

Best Tax Saving ELSS Funds

Collection of top performing funds hand picked by our experts

Transparent investing

Instant Investment Proofs

Get your elss tax saving investment proof as soon as your investment in complete

Compare ELSS with other Tax saving options

lock_open₹1,52,087

ELSS

lock_outline₹1,20,795

FD

lock_outline₹1,25,273

PPF

03
05
10
15

No of Years

₹1,00,000

Money Invested

Invest ₹100000

How it works?

How investing in mutual funds work
Select mutual funds portfolio

1. Select the mutual funds

We have selected 4 best performing tax saving ELSS mutual funds..

Invest in mutual funds

2. Give your details and Select the amount

Keep you PAN and Bank details handy. Select the amount you want to invest.

Track mutual funds

3. Invest online and get instant proofs

Pay instantly using netbanking and receive a confirmation receipt on email

Expert Speaks: How to save Tax using ELSS Mutual Funds?

Frequently Asked Questions

  • addWhat is ELSS?
    ELSS is a special kind of mutual fund that helps you save taxes under Sec 80C of Income Tax. These mutual fund primarily invest your money in Equities and hence earn higher returns compare to FD and PPF. The returns on these mutual funds are also tax-free.
  • addHow much tax can i save?
    That depends on the tax bracket you belong to. If you are in the 5% tax bracket, you could save up to ₹15,000 per year in taxes. If you are in the 20% tax bracket, you could save up to ₹30,000 per year in taxes. If you are in the highest tax bracket of 30%, you could save up to ₹45,000 per year in taxes.
  • addHow can I invest in ELSS Mutual Funds?
    You can invest in ELSS mutual funds by:

    1.   Choose the fund you want to invest in or click ‘invest in all’ if you want to invest in all the funds.

    2.   Provide your details.

    3.   Fill in the amount you want to invest.

    4.   Make the payment using net banking as you would when doing any online transfer.


    You’re done! We will send you the proof to your email.
  • addWhat are the best ELSS funds?
    The above listed funds are some of the best rated ELSS funds on Groww. You can choose to invest in one or more from the above list. If you feel some other ELSS funds that is not listed here suits you better, you can invest in them also.
  • addWill there be any charges if i invest in ELSS funds?
    No, Groww does not charge anything for investing in ELSS mutual funds. Mutual fund houses charge an annual fee called the expense ratio to manage the fund. This ranges from 1% to 2.5% of the total investment amount.
  • addWhich years will the tax benefit be for?
    While the lock-in is for 3 years, you will get a tax benefit for only the year you started the ELSS fund in. And the benefit will be for the amount invested in the ELSS fund in that year only.
  • addWhen can i withdraw money from ELSS funds?
    You can withdraw money from an ELSS fund after 3 years from the date of investment. Before that period, your investment is subject to the lock-in period of ELSS funds.
  • addWill there be any tax on the returns earned on ELSS funds?
    No, there is no tax levied on returns earned from an ELSS fund. The gains from equity mutual funds have no tax on them if invested for more than a year. Since ELSS funds come with a lock-in period of 3 years, they are automatically exempt from any taxes.
  • addWhat investment proof will i get if i invest in ELSS funds?
    You will get an email from Groww acknowledging your investment in the ELSS fund you chose. You will also get a monthly statement of all the funds you would have invested using Groww. Additionally, the mutual fund house managing your ELSS fund will also send you an email statement when you invest in their fund.
  • addWill my money come to my account automatically after three years?
    No, the amount will continue to remain invested in the ELSS fund till you choose to redeem all of the amount or a part of it.
  • addHow does it help me save tax?
    ELSS funds help you save tax by allowing for deductions. Whatever amount you invest in an ELSS fund, you can subtract that from your income before calculation of income tax. You can invest a maximum of ₹1,50,000 per year in an ELSS fund. So depending on your income tax slab, you could save up to ₹45,000 in taxes every year.
  • addWhy ELSS is the best tax saving option?
    ELSS is the best tax saving option under section 80C because of two reasons: returns and lock-in period. ELSS funds give much a higher returns when compared to other schemes under 80C. While most schemes under section 80C give returns between 6% and 8.3%. Also, ELSS funds have the lowest lock-in period among all other schemes under 80C - only 3 years. Tax saving FD has the next lowest lock-in period of 5 years.
  • addHow much returns will i get in ELSS funds?
    As ELSS funds invest in equities (stock markets), the returns are not fixed. They depend on the stock market conditions. Historically, these funds given 14-20% returns per annum.
  • addHow much should i invest in ELSS funds?
    You can start investing in ELSS with a small sum of ₹500 only and up to any amount. However you should invest only up to ₹1.5 lakh as section 80C allows a maximum benefit of ₹1.5 lakh. If you are already availing some benefits under 80C, then invest only the balance amount in ELSS funds.
  • addHow can i track my ELSS funds?
    You can track the progress of your investments in any ELSS fund on Groww by visiting the ‘My Investments’ section in your Groww account.
  • addWhen should i invest in ELSS funds?
    You can invest before 31st of march in any given financial year to get benefits under section 80C. However it is best to invest much beforehand to avoid last minute rush.
  • addIs it possible to withdraw before three years?
    No, it is not possible to withdraw before 3 years from investment.
  • addIs investing in ELSS funds risky?
    ELSS funds are equity market linked funds. Therefore, they are exposed to market condition risks.
  • addHow many ELSS funds should i invest in?
    Everybody’s financial condition is different and may require a different approach to investing. Different funds have different investing principles. You should invest in funds whose principles suit you. As a rule of thumb, avoid investing in more than four ELSS funds.
  • addIs my money safe?
    Since ELSS funds are linked to equity markets, it cannot be guaranteed that your money will remain safe. However, in the past, ELSS funds have returned between 14 and 20%. With respect to Groww, your money is absolutely safe. Groww is an AMFI registered (ARN-111686) online mutual fund distributor. All our transaction take place through Bombay Stock Exchange (BSE).
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Checkout our ultimate guide for ELSS Mutual Funds

Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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