Equity linked saving schemes have earned a reputation of a solid option to invest in equities with tax saving benefits. Equity markets have been under pressure this year despite hitting record highs. For July, the NSE Nifty was down 5.7 percent, its worst since September, while BSE Sensex fell 4.9 percent to an eight-month low. For the year 2019, the Nifty was up 0.5 percent, while the Sensex rose only 2.10 percent. Let’s look at the top performing ELSS mutual fund schemes in terms of one year returns. Mirae Asset Tax Saver Fund - Regular Plan, Kotak Tax Saver Regular Plan and BNP Paribas Long Term Equity Fund were among the top performing ELSS schemes, according to Value Research data.