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CATEGORY WATCH
List of tax-saving funds
REGULAR DIRECT
SIP return (%) Trailing return (%) Quartile ranking SIP return (%) Trailing return (%) Quartile ranking
Fund Rating 3Y 5Y 3Y 5Y 10Y ’16 ’17 ’18 ’19 ’20 Rating 3Y 5Y 3Y 5Y ’16 ’17 ’18 ’19 ’20
ABSL Tax Relief 96 Fund 10.18 9.86 3.98 11.74 12.53 11.16 10.93 5.01 12.86
Axis LT Eqt Fund 15.19 13.83 9.79 13.64 16.77 16.15 14.87 10.78 14.76
Baroda ELSS 96 Fund 12.10 8.66 2.11 9.50 8.77 12.85 9.49 2.87 10.41
BNP Paribas Long Term Equity 15.62 12.13 7.16 11.69 13.63 16.95 13.39 8.43 12.90
BOI AXA Tax Advtg Fund 19.48 15.57 7.50 15.09 12.61 20.73 16.90 8.73 16.57
Canara Robeco Eqt Tax Saver Fund 20.37 16.48 12.45 15.16 13.21 21.49 17.51 13.51 16.13
DSP Tax Saver Fund 15.92 12.81 6.98 14.12 13.59 16.98 13.92 8.02 15.26
Edelweiss LT Eqt (Tax Svngs) 11.94 9.57 3.15 9.99 11.25 13.76 11.23 4.86 11.49
Essel Long Term Advantage 9.36 8.16 3.30 9.96 - 11.20 9.99 5.08 11.81
Franklin India Taxshield Fund 11.90 9.10 3.87 9.86 12.22 12.88 10.12 4.86 10.94
HDFC Taxsaver Fund 7.53 6.47 -0.88 9.60 9.11 8.14 7.14 -0.24 10.32
HSBC Tax Saver Eqt Fund 11.29 9.15 2.02 11.22 11.60 12.51 10.23 3.08 12.23
ICICI Pru LT Eqt (Tax Saving) 13.38 10.94 6.57 11.05 12.34 14.18 11.89 7.43 12.18
IDBI Eqt Advantage 8.62 7.89 3.56 9.48 - 9.98 9.41 5.05 11.01
IDFC Tax Advtg (ELSS) Fund 14.32 11.76 3.05 12.72 13.01 15.51 13.01 4.27 14.02
Indiabulls Tax Savings 8.63 - 0.82 - - 10.21 - 2.09 -
Invesco India Tax Plan Fund 15.18 13.12 7.51 13.43 14.16 16.56 14.64 8.95 15.10
ITI Long Term Equity Not rated - - - - - Not rated - - - -
JM Tax Gain Fund 15.98 13.58 8.13 14.82 11.84 16.80 14.53 8.94 16.08
Kotak Tax Saver 15.38 12.54 7.84 13.87 11.63 16.73 13.91 9.13 15.35
L&T Tax Advtg Fund 9.67 8.80 1.46 11.66 11.04 10.28 9.48 2.09 12.41
LIC MF Tax Plan Fund 10.71 10.11 5.23 11.92 10.16 11.95 11.38 6.46 13.16
Mahindra Manulife ELSS Kar Bcht Yjn 11.83 - 2.81 - - 13.66 - 4.72 -
Mirae Asset Tax Saver 19.48 17.23 10.04 18.98 - 21.25 18.93 11.67 20.71
Motilal Oswal Long Term Eqt 11.71 10.78 3.40 14.13 - 13.12 12.24 4.75 15.70
Nippon India Tax Saver (ELSS) 4.75 2.70 -6.80 5.62 10.60 5.45 3.48 -6.08 6.50
Parag Parikh Tax Saver Not rated - - - - - Not rated - - - -
PGIM India Long Term Eqt 14.13 11.41 5.82 11.89 - 15.69 13.06 7.54 13.48
Principal Tax Svngs Fund 13.22 11.20 2.94 13.45 12.65 13.78 11.79 3.59 14.04
Quant Tax 27.51 19.64 13.53 18.49 11.72 29.35 20.92 14.97 19.44
Quantum Tax Saving Fund 11.59 - 3.22 10.30 10.57 12.06 9.18 3.61 10.64
SBI Long Term Equity 14.38 10.50 3.83 10.62 11.32 15.05 11.19 4.83 11.33
Shriram Long Term Equity Not rated - - - - - Not rated - - - -
Sundaram Diversified Equity 9.40 7.63 1.10 10.09 9.99 9.79 8.10 1.53 10.59
Tata India Tax Savings 13.29 11.49 5.25 12.77 13.36 14.87 13.00 6.75 14.25
Taurus Tax Shield Fund 11.14 10.85 4.99 12.71 10.15 11.91 11.60 5.72 13.56
Union Long Term Equity 16.00 11.85 7.15 10.47 - 16.48 12.43 7.64 11.22
UTI Long Term Equity 16.79 12.77 6.98 12.41 10.94 17.78 13.74 7.95 13.45
Comparatively newer fund; no long-term history available.
Performance Top quartile Second quartile Third quartile Bottom quartile
Consistency: = Among top 25% in the category = Among top 25–50% in the category = Among bottom 25–50% in the category = Among bottom 25% in the category
The left-most bar in a series represents the fund’s performance in the first quarter of a calendar year. Similarly, subsequent bars represent the fund’s performance in second, third and last quarters of the calendar year.
Funds marked in this colour are our recommended funds. Data as on January 31, 2021. Funds suspended for sale have also been excluded.
36 Mutual Fund Insight March 2021
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