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23 ELSS funds change names

“This change is generally to bring uniformity across the names and the category. This guideline by Sebi will bring parity on the name of the schemes. Most of the fund houses have it in other categories, now they are bringing parity in this category,” says Chokkalingam Palaniappan, Director of Prakala Wealth, a Chennai-based advisory firm. ....

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Did your ELSS Fund's name change? Should you do anything?

Fund houses earlier used to name their schemes as per their choice, but the new names have ELSS and/or tax saver in them. For example, ICICI Prudential Long Term Equity Fund (Tax Saving) is renamed ICICI Prudential ELSS Tax Saver Fund. Similarly, Mirae Asset Tax Saver Fund will now be called Mirae Asset ELSS Tax Saver Fund. ....

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18 ELSS funds change names

According to the fund houses, all other terms and conditions of the SID/KIM of these schemes remain unchanged. The notice-cum-addendum by the fund houses forms an integral part of the SID and KIM of the above-mentioned schemes, as amended from time to time. ....

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ELSS funds: ELSS funds offer 8.19% in first half of 2023; SBI Long Term Equity Fund offer 12.64%

During January-June 2023, out of 39 schemes, 31 schemes outperformed their respective benchmarks. During April-June, out of 39 schemes, 12 ELSS schemes managed to beat their respective benchmarks. However, 12 schemes outperformed their respective benchmarks in both the horizons. ....

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