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
Paribas Tax Saver
8.71% 18.4% 35.15% 16.62%
SBI Magnum Tax
Gain Scheme- 93
2.16% 13.93% 40.59% 14.79%
Birla Sunlife Tax
Relief
3.44% NA* NA* -12.25%
HDFC tax Saver

11.6% 10.46% 32.35% 24.85%

UTI Equity Tax
Saving Plan
-5.3% 7.15% 19.21% 14.64%
Kotak Tax Saver

-4.69% 9.93% NA** 9.12%

LIC Tax Plan

3.66% 6.39% 13.37% 9.84%
 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 5.13 - 0.13 0.87 0.95 - 0.75 - 1.75
Magnum
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