Quant vs Mirae Asset vs Motilal Oswal: ELSS Tax Saver Funds with Up to 20% Returns in 10 Years

Equity Linked Savings Schemes (ELSS) help investors save tax under Section 80C (old tax regime) and grow wealth by investing mainly in equities. They come with a 3-year lock-in, the shortest among tax-saving options.

Top ELSS Funds Based on 10-Year Returns

The 3 best-performing ELSS direct plans over the last decade are:

• Quant ELSS Tax Saver Fund – 20.71% CAGR
• Mirae Asset ELSS Tax Saver Fund – 19.13% CAGR
• Motilal Oswal ELSS Tax Saver Fund – 17.68% CAGR

These funds have consistently beaten their benchmark (NIFTY/BSE 500 TRI) and the ELSS category average over long periods.

Quant ELSS Tax Saver Fund: High Return, High Volatility

Quant ELSS has delivered the highest 10-year returns among the three. It has performed exceptionally well over 5 and 10 years, though short-term performance can be volatile.

It can be suitable for Investors who can handle sharp ups and downs and are focused on long-term wealth creation.

Mirae Asset ELSS Tax Saver Fund: Balanced and Consistent

Mirae Asset ELSS has shown strong and steady performance across short, medium, and long terms. It has also managed volatility better than many peers.

It can be suitable for Investors looking for a balance of growth and stability within ELSS funds.

Motilal Oswal ELSS Tax Saver Fund: High Risk, High Reward

Motilal Oswal ELSS has seen short-term fluctuations, but its medium- and long-term returns remain strong. The fund has generated solid outperformance over time.

It can be suitable for Investors comfortable with short-term losses for potentially higher long-term gains.

Why ELSS Funds Are Useful for Taxpayers

• Tax saving: Eligible for deduction up to ₹1.5 lakh under Section 80C
• Short lock-in: Only 3 years
• Wealth creation: Equity exposure offers better long-term return potential

Read More: Best Real Estate Mutual Funds in January 2026 Based on 3-Year CAGR!

Who Should Invest in These ELSS Funds?

• Investors with a long-term horizon of 5–10 years or more
• Taxpayers wanting tax benefits along with wealth growth
• Those who can stay invested despite market volatility

Conclusion

Quant, Mirae Asset, and Motilal Oswal ELSS funds have delivered impressive long-term returns and outperformed their benchmarks. However, past performance does not guarantee future results. Investors should choose an ELSS fund based on their risk appetite, investment horizon, and financial goals, not just returns.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.