InvestorQ : Can you throw some light on how some of the ELSS funds have performed in the Indian context over the last 1 year to five years and how to look at selection?
indhumathi Sayani made post

Can you throw some light on how some of the ELSS funds have performed in the Indian context over the last 1 year to five years and how to look at selection?

Answer
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shrinidhi Rajan answered.
9 months ago


ELSS funds are nothing but equity funds but there is a mandatory lock in period of 3 years on these funds. They force a long term approach to investing in equity funds for this very reason. ELSS funds are also best seen over longer time frames of 5 years and above. However, you must still look at shorter time frames for analysis purely because it gives a picture of consistency on these funds.

Scheme Name

Return 1 Year (%) Regular

Return 1 Year (%) Benchmark

Return 3 Year (%) Regular

Return 3 Year (%) Benchmark

Return 5 Year (%) Regular

Return 5 Year (%) Benchmark

Return Since Launch Direct

Return Since Launch Benchmark

Aditya Birla Sun Life Tax Relief 96

6.05

12.03

13.62

15.52

10.49

9.98

16.21

12.80

Axis Long Term Equity

16.77

12.03

18.61

15.52

11.99

9.98

19.95

10.42

Baroda ELSS 96

6.67

12.03

8.54

15.52

5.04

9.98

11.20

12.80

BNP Paribas Long Term Equity Fund

16.04

11.63

14.93

15.28

8.67

9.65

14.38

11.79

BOI AXA Tax Advantage

17.04

10.55

16.07

14.73

9.23

9.63

14.69

17.29

Canara Robeco Equity Tax Saver

12.62

12.64

15.46

15.89

9.05

9.72

13.28

12.72

DSP Tax Saver

16.18

10.49

13.85

14.62

11.28

9.50

16.08

9.87

Edelweiss Long Term Equity Fund (Tax Savings)

11.04

10.49

12.10

14.62

8.17

9.50

13.61

15.51

Essel Long Term Advantage Fund

9.29

12.64

12.30

15.89

12.44

12.70

Franklin India Taxshield

6.40

10.49

10.37

14.62

7.90

9.50

14.21

15.48

HDFC Taxsaver

4.80

10.49

9.14

14.62

5.57

9.50

11.92

13.35

HSBC Tax Saver Equity

9.80

12.03

12.05

15.52

8.12

9.98

13.13

10.44

ICICI Prudential Long Term Equity Fund (Tax Saving)

9.84

10.49

11.92

14.62

8.68

9.50

14.83

13.87

IDBI Equity Advantage Fund

7.04

12.03

12.75

15.52

7.95

9.98

19.23

14.79

IDFC Tax Advantage (ELSS)

3.22

12.03

13.21

15.52

9.25

9.98

14.79

16.39

Indiabulls Tax Savings Fund

9.97

10.55

1.69

3.95

Invesco India Tax Plan

10.78

12.03

14.54

15.52

10.42

9.98

17.05

10.46

JM Tax Gain

16.63

10.55

17.14

14.73

10.67

9.63

15.72

9.81

Kotak Tax Saver Fund

14.09

10.49

14.08

14.62

9.97

9.50

14.03

12.43

LIC MF Tax Plan

13.64

10.49

15.86

14.62

9.20

9.50

14.63

14.11

L&T Tax Advantage

6.14

12.03

11.83

15.52

9.21

9.98

13.59

11.81

Mahindra Mutual Fund Kar Bachat Yojana

6.19

11.63

6.20

15.28

7.83

11.14

Mirae Asset Tax Saver Fund

15.41

11.63

18.93

15.28

19.20

12.14

Motilal Oswal Long Term Equity Fund

14.77

10.49

15.61

14.62

15.27

8.29

Nippon India Tax Saver (ELSS) Fund

2.52

12.64

6.15

15.89

3.81

9.72

12.99

12.80

PGIM India Long Term Equity Fund

9.16

12.03

13.04

15.52

11.49

13.40

Principal Tax Savings

4.02

10.49

12.37

14.62

8.99

9.50

14.02

13.35

Quant Tax Plan

4.57

15.11

11.11

16.62

11.63

9.73

13.87

12.69

Quantum Tax Saving

-0.08

17.44

18.04

10.24

16.44

14.58

SBI Magnum Taxgain

5.36

10.55

9.10

14.73

6.30

9.63

11.97

Sundaram Diversified Equity Fund

8.12

12.03

10.65

15.52

8.20

9.98

11.78

13.07

Tata India Tax Savings Fund

15.31

17.44

15.96

18.04

12.37

10.24

16.85

12.94

Taurus Tax Shield

9.32

12.03

15.14

15.52

9.94

9.98

11.93

12.80

Union Long Term Equity

11.85

10.55

10.62

14.73

5.27

9.63

10.63

14.62

UTI Long Term Equity Fund

11.67

10.49

11.84

14.62

8.13

9.50

12.65

13.32

Here again you can see the outperformance comes from longer period holding. Also, you need to ensure that direct funds can make a lot more sense for you to give that added alpha through lower costs. You must ideally opt for low cost approach and also ensure that you get as close to long term holding as possible.