COMPARISON OF TAX

SAVER MUTUAL FUNDS

(ELSS)
AND
PERCEPTION OF
INVESTORS TOWARDS
MUTUAL FUNDS.
PRESENTED BY:
KOMAL AHUJA
2008-2010
R.NO: 19
MUTUAL FUNDS
 SUNDARAM DIRECT.
• Wholly owned subsidiary of
Sundaram Finance Limited.
• Distribution and marketing of
financial, savings, loan, investments
and insurance products.
• Corporate agency
 Research Methodology
Sources of Data:
• Primary Data
• Secondary Data
Research objective:
• To compare the ELSS (Tax Saver Mutual
Funds schemes) of various AMC’s
• To know the perception of investors
towards these mutual funds.
 FINANCIAL ANALYSIS:
On the basis of Return:
NAME OF 1 year return 3 year return 5 year return Since inception
SCHEME

Sundaram BNP 8.71% 18.4% 35.15% 16.62%

Paribas Tax
Saver
SBI Magnum Tax 2.16% 13.93% 40.59% 14.79%
Gain Scheme- 93

Birla Sunlife Tax 3.44% NA* NA* -12.25%

Relief

HDFC tax Saver 11.6% 10.46% 32.35% 24.85%

UTI Equity Tax -5.3% 7.15% 19.21% 14.64%

Saving Plan

Kotak Tax Saver -4.69% 9.93% NA** 9.12%

6.39% 13.37% 9.84%

LIC Tax Plan 3.66%

 On the basis of Performance
measure tools:
Name of the Standard Sharpe Beta R- squared Treynor Alpha
fund Deviation Index
(scheme)
Sundaram 4.34 - 0.12 0.71 0.89 - 0.71 1.73
BNP Paribas
Tax Saver

SBI Magnum 5.13 - 0.13 0.87 0.95 - 0.75 - 1.75

Tax Gain
Scheme- 93

Birla Sunlife 5.96 - 0.14 1.01 0.92 - 0.82 - 3.81

Tax Relief

HDFC tax 5.03 - 0.1 0.83 0.94 - 0.59 - 6.1

Saver
UTI Equity 4.47 - 0.16 0.75 0.94 - 0.97 - 0.84
Tax Saving
Plan

Kotak Tax 5.16 - 0.16 0.86 0.88 - 0.98 - 6.86

Saver
5.5 - 0.11 0.93 0.96 - 0.65 - 8.68

LIC Tax
Plan
MARKET ANALYSIS:
The most common reason for the not investing in MF is difficulty in
selection of scheme so understanding of scheme, paper work and
selection criteria should be made in such a way that it becomes
easier for the investor to select a scheme they should be given
proper knowledge of websites, key information memorandum etc
which an investor could easily refer, to make an decision.
.
Instrument Lock in period Risk level Tax status on
name (amongst 80C return
group)
PPF 7 low Tax free

NSC 6 low Taxable

Bank fixed 5 low Taxable

deposits

ELSS 3 high Tax free

ULIPS 3 high Tax free

THANK YOU