Six ELSS Funds that have consistently beat Nifty LargeMidcap 250 Index!

Six ELSS Funds that have consistently beat Nifty LargeMidcap 250 Index

Published: July 25, 2019 at 2:05 pm

Last Updated on

Here are six ELSS mutual funds that have consistently beat Nifty Largemidcap 250 Index (incl dividends). These were shortlisted with the Equity Mutual Fund Performance Screener July 2019. You can use the screener to quickly create such lists from Value-oriented, Aggressive Hybrid, Dividend Yield, Large Cap, Focussed Funds, Large & Mid Cap Funds, Multi Cap Funds, Sectoral/ Thematic funds, Mid Cap Funds, Small Cap Funds, Contra Funds.

What is Nifty Large Midcap 250 index? This is a 50:50 blend of Nifty 100 (large cap index) and Nifty Midcap 150 (mid cap index). This is a lot harder to beat than just Nifty 200 which is essentially a lower-risk version of Nifty 100. To learn more check this out:

I chose this to analyze ELSS funds (and other categories) as it is a lot harder to beat. ELSS funds have no market cap mandate and can invest anywhere across sectors and cap in Indian equity. So this is a reasonable benchmark for comparison.

Join our 1300+ Facebook Group on Portfolio Management! Losing sleep over the markt crash? Don't! You can now reduce fear, doubt and uncertainty while investing for your financial goals! Sign up for our lectures on goal-based portfolio management and join our exclusive Facebook Community

If we used Nifty, Nifty 100 or Nifty 200, then most funds would have beat then over 3,4,5 years.  Thirteen funds in the category (40 funds) have beat the Nifty 100 more than 70% of every possible 3,4,5 year periods in the past (for direct plans).

Thirteen ELSS Funds that have outperformed Nifty 100 TRI

Aditya Birla Sun Life Tax Relief ’96 – Growth – Direct Plan
DSP  Tax Saver Fund – Direct Plan – Growth
HDFC Long Term Advantage Fund -Direct Plan – Growth Option
IDFC Tax Advantage  (ELSS) Fund-Direct Plan-Growth
Invesco India Tax Plan – Direct Plan – Growth
JM Tax Gain Fund (Direct) – Growth Option
L&T  Tax Advantage Fund-Direct Plan-Growth
LIC MF Tax Plan-Direct Plan-Growth
BOI AXA Tax Advantage Fund-Direct Plan- Growth
Principal Tax Savings Fund – Direct Plan
Quant Tax Plan-Growth Option-Direct Plan
Sundaram Diversified Equity – A Long-term Tax Saver Fund – Direct Plan – Growth Option
Taurus Tax Shield-Direct Plan-Growth Option

A narrower shortlist is possible if we consider the Nifty large midcap 250 index. The following six funds have beat this index 70% of the time over every possible 3,4,5 year periods with the same downside protection consistency. That is, they have typically fallen lower then the index when monthly returns are considered over 3,4, 5 year periods.

Six ELSS Funds that have outperformed Nifty LargeMidcap 250 TRI

Aditya Birla Sun Life Tax Relief ’96 – Growth – Direct Plan
DSP  Tax Saver Fund – Direct Plan – Growth
IDFC Tax Advantage  (ELSS) Fund-Direct Plan-Growth
Invesco India Tax Plan – Direct Plan – Growth
JM Tax Gain Fund (Direct) – Growth Option
Quant Tax Plan-Growth Option-Direct Plan

Aditya Birla Sun Life Tax Plan – Direct Plan – Growth Option is also part of this list but has been suspended for sales.

Investors who prefer a large-tilted ELSS may choose from the above 13 funds. Those who prefer a large-midcapish ELSS may consider from the above six funds. I am not trying to imply that these are the only funds that one should consider. You can check the performance of your ELSS funds (if not in this list) from the date in which you started investing or from the July 2019 screener or from with this tool to compare rolling return &  risk of a mutual fund with its benchmark

Join our 1300+ Facebook Group on Portfolio Management! Do not lose sleep over your bleeding portfolio: Learn how to reduce fear, doubt and uncertainty while investing for financial goals! Sign up for our lectures on goal-based portfolio management and join our exclusive Facebook Community

Hate ads but would like to support the site? Subscribe to our ad-free newsletter and get beautifully formatted full articles delivered to your inbox!

About the Author

Pattabiraman editor freefincalM. Pattabiraman(PhD) is the founder, managing editor and primary author of freefincal. He is an associate professor at the Indian Institute of Technology, Madras. since Aug 2006. Connect with him via Twitter or Linkedin Pattabiraman has co-authored two print-books, You can be rich too with goal-based investing (CNBC TV18) and Gamechanger and seven other free e-books on various topics of money management. He is a patron and co-founder of “Fee-only India” an organisation to promote unbiased, commission-free investment advice.
He conducts free money management sessions for corporates and associations on the basis of money management. Previous engagements include World Bank, RBI, BHEL, Asian Paints, Cognizant, Madras Atomic Power Station, Honeywell, Tamil Nadu Investors Association. For speaking engagements write to pattu [at] freefincal [dot] com

About freefincal & its content policy

Freefincal is a News Media Organization dedicated to providing original analysis, reports, reviews and insights on developments in mutual funds, stocks, investing, retirement and personal finance. We do so without conflict of interest and bias. We operate in a non-profit manner. All revenue is used only for expenses and for the future growth of the site. Follow us on Google News
Freefincal serves more than one million readers a year (2.5 million page views) with articles based only on factual information and detailed analysis by its authors. All statements made will be verified from credible and knowledgeable sources before publication.Freefincal does not publish any kind of paid articles, promotions or PR, satire or opinions without data. All opinions presented will only be inferences backed by verifiable, reproducible evidence/data. Contact information: letters {at} freefincal {dot} com (sponsored posts or paid collaborations will not be entertained)

Connect with us on social media

Our Publications


You Can Be Rich Too with Goal-Based Investing

You can be rich too with goal based investingThis book is meant to help you ask the right questions, seek the right answers and since it comes with nine online calculators, you can also create custom solutions for your lifestyle! Get it now. It is also available in Kindle format.
  

Gamechanger: Forget Startups, Join Corporate & Still Live the Rich Life You Want

Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis book is meant for young earners to get their basics right from day one! It will also help you travel to exotic places at low cost! Get it or gift it to a young earner

Your Ultimate Guide to Travel

Travel-Training-Kit-Cover-new

This is a deep dive analysis into vacation planning, finding cheap flights, budget accommodation, what to do when traveling, how traveling slowly is better financially and psychologically with links to the web pages and hand-holding at every step. Get the pdf for Rs 199 (instant download) 

Free Apps for your Android Phone

Comment Policy

Your thoughts are the driving force behind our work. We welcome criticism and differing opinions.Please do not include hyperlinks or email ids in the comment body. Such comments will be moderated and I reserve the right to delete the entire comment or remove the links before approving them.

5 Comments

  1. hi pattu,
    iam an ardent follower of your youtube posts. wanted to know any ratio which can state the real asset status of any company like earnings to book ratio.
    that’s because P/B and P/E ratios are all dependent on market sentiment.
    is there any ratio like E/B ratio can you analyse that
    thanks
    Dr ANANDAKRISHNAN

Leave a Reply

Your email address will not be published. Required fields are marked *