An Equity Linked Savings Scheme, or ELSS, is a diversified equity fund that offers a tax benefit under Section 80C of the Income Tax Act. They have been covered in detail in 5 things to note about ELSS and How to choose a tax-saving fund.
Morningstar's fund analysts looked at these tax-saving funds in 2018. They are presented below in alphabetical order.
Axis Long Term Equity
Franklin India Taxshield
HDFC TaxSaver
ICICI Prudential Long Term Equity Fund (Tax Saving)
L&T Tax Advantage
Reliance Tax Saver (ELSS) Fund
SBI Magnum Taxgain Scheme
Sundaram Diversified Equity Fund
