COVER STORY

EQUITY-LINKED SAVING SCHEMES (ELSS)

Only few posted healthy returns despite no redemption pressure on the fund manager for three years
SCHEME NAME OLM CORPUS NAV (`) RETURNS (%) EXPENSE
RATING (` CR) 1-YEAR 3-YEAR 5-YEAR RATIO (%) *
Fidelity Tax Advantage 1,173.30 22.46 18.75 15.51 15.82 2.00
HDFC Taxsaver 2,823.02 232.91 13.24 15.28 12.15 1.86
Franklin India Taxshield 796.63 212.91 13.91 13.43 12.13 2.14
HDFC Long Term Advantage 917.87 139.01 16.76 13.09 10.07 2.07 Five-year return of
1,251.55 140.93 10.67 14.97 10.18 2.00 15.82 per cent is the
ICICI Prudential Taxplan
highest in the category
Reliance Tax Saver (ELSS) 2,070.93 21.13 12.88 14.66 9.63 1.88
Religare Tax Plan 242.55 17.46 10.93 12.54 NA 2.49
Birla Sun Life Tax Relief 96 1,488.72 11.18 2.47 4.67 NA 1.96
DSP BlackRock Tax Saver 859.19 16.93 8.17 10.28 NA 2.08
HSBC Tax Saver Equity 102.09 14.59 5.80 11.44 NA 2.34
SBI Magnum Tax Gain Scheme 93 5,413.99 60.07 3.93 5.56 10.41 1.81
SBI Tax Advantage-Series 1 713.01 11.73 0.09 5.46 NA 2.13
Sundaram Taxsaver 1,446.50 43.26 5.17 9.09 11.50 1.96
Tata Tax Saving 135.97 46.91 9.91 7.46 7.49 2.43
Birla Sun Life Tax Plan 142.99 13.99 8.87 5.54 NA 2.41
Kotak Taxsaver 530.76 18.42 7.64 4.07 7.20 2.22
UTI Equity Tax Savings Plan 488.45 40.21 7.26 5.48 6.11 2.27
Principal Personal Taxsaver 619.84 96.42 6.65 3.38 9.37 2.19
Principal Tax Savings 266.74 74.70 1.72 -3.03 3.83 2.33
* Expense ratio is the latest available on 31 March 2011 NA: Not applicable as scheme is less than 5 years old NAV, fund size and returns as on 31 March 2011
Returns less than a year are absolute, else CAGR Table sorted alphabetically in each star rating category Source: ICRA Online and Outlook Money Research

EQUITY-MODERATE ALLOCATION (0-75%)

Selective mid-cap exposure boosted returns, which exceeded those from large- and mid-cap equity funds
SCHEME NAME OLM CORPUS NAV (`) RETURNS (%) EXPENSE
RATING (` CR) 1-YEAR 3-YEAR 5-YEAR RATIO (%) *
HDFC Balanced 238.78 54.83 16.17 16.87 13.68 2.15
HDFC Prudence 5,808.18 213.90 17.50 18.75 17.53 1.82
Birla Sun Life 95 391.65 313.71 13.22 15.77 15.21 2.33
Canara Robeco Balance 177.81 60.31 9.99 12.20 11.50 2.39 Largest scheme
in the category;
Reliance RSF-Balanced 843.38 21.92 6.45 17.40 16.28 2.17 one of the best
DSP BlackRock Balanced 748.25 66.14 10.33 12.38 14.17 2.08 performers with
FT India Balanced 265.83 49.39 9.15 9.24 11.89 2.35 17.53 per cent
Sundaram Balanced 130.21 49.30 11.19 9.70 10.14 0.49 return in the
last five years.
Tata Balanced 277.48 82.48 8.49 11.71 12.98 2.50
UTI Balanced 979.50 80.73 8.83 10.07 9.77 1.88
ICICI Prudential Balanced 263.95 46.49 12.16 7.64 8.69 2.30
One of the
Kotak Balance 55.38 22.36 7.70 7.43 8.99 2.50 oldest schemes in
SBI Magnum Balanced 485.41 50.51 4.23 7.49 9.94 2.26 the category,
Birla Sun Life Freedom 82.41 32.77 0.43 2.58 5.53 2.44 launched in 1999
Escorts Opportunities 130.94 27.62 4.94 -1.17 1.86 2.50
* Expense ratio is the latest available on 31 March 2011 NAV, fund size and returns as on 31 March 2011 Returns less than a year are absolute, else CAGR
Table sorted alphabetically in each star rating category Source: ICRA Online and Outlook Money Research

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