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Last minute tax saving idea: Can ELSS mutual funds fit into your portfolio?

ELSS or tax-saving schemes are benchmarked against Nifty 500 - TRI, S&P BSE 500 - TRI, S&P BSE 100 - TRI. Nifty 500 - TRI, S&P BSE 500 - TRI gave 19.30% each, and S&P BSE 100 - TRI gave 17.59%.

61% ELSS mutual fund schemes underperformed their benchmark category in three years Should you worry?

Axis ELSS Tax Saver Fund, the largest scheme in the ELSS category based on assets managed, failed to beat its respective benchmark and category average.

Two-third ELSS schemes fail to beat benchmarks How effective is it as a tax-saving tool?

Axis ELSS Tax Saver Fund, the largest scheme in the ELSS category based on assets managed, failed to beat its benchmark in three and five year horizons. The scheme manages assets of Rs 33,526. 42 crore.

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