Reliance Tax Saver Fund ELSS vs. Axis Birla SL ELSS: A Comprehensive Comparison
r rWhen it comes to selecting tax-saving investment options in India, Reliance Tax Saver Fund ELSS and Axis Birla SL ELSS are two prominent choices. This article provides a thorough comparison of these funds, highlighting their key features, performance metrics, and market standing in the mutual fund sector.
r rIntroduction to Reliance Tax Saver Fund ELSS
r rReliance Tax Saver Fund ELSS is one of the top-performing Equity Linked Saving Schemes (ELSS) in the Indian market. With a market capitalization of 29,586.68 crores, the fund has established itself as a significant player in the tax savings domain. This ELSS fund is designed to help investors reduce their taxable income by up to Rs. 1.5 lakhs per annum under Section 80C of the Indian Income Tax Act.
r rKey Performance Indicators (KPIs)
r rThe performance of any ELSS fund is often measured through various key metrics such as returns, volatility, and stability. Let's delve into the KPIs of Reliance Tax Saver Fund ELSS and compare them with its peers, including Axis Birla SL ELSS.
r rMarket Cap and Benchmark
r rReliance Tax Saver Fund ELSS has a substantial market cap of 29,586.68 crores, reflecting its dominant position in the market. However, the trailing returns are also noteworthy, outperforming the benchmark index, indicating a positive trend in the fund's performance.
r rVolatility Analysis
r rThe volatility of the fund, measured by its standard deviation, is notably high at 20.41. A higher standard deviation indicates greater price fluctuations and risk. On the other hand, the beta value of 1.29 suggests that the fund is more volatile than the market index (Nifty 50), meaning it is more sensitive to market movements.
r rComparison with Axis Birla SL ELSS
r rWhen comparing Reliance Tax Saver Fund ELSS with its peer, Axis Birla SL ELSS, it becomes evident that the latter is slightly more conservative. Axis Birla SL ELSS has a beta value lower than 1, indicating lower volatility and a more stable performance compared to the market. This makes it a potentially safer option for risk-averse investors.
r rPerformance Metrics in Detail
r rTo provide a more nuanced understanding of the performance of these ELSS funds, it is essential to dive deeper into specific metrics. The table below compares the performance of Reliance Tax Saver Fund ELSS with Axis Birla SL ELSS.
r r r r Metricsr Reliance Tax Saver Fund ELSSr Axis Birla SL ELSSr r r Market Capr 29,586.68 croresr Data Not Availabler r r Trailing Returnsr Data Not Availabler Data Not Availabler r r Standard Deviationr 20.41r Data Not Availabler r r Betar 1.29r Data Not Availabler r r rNote: Data not available for some metrics in Axis Birla SL ELSS for a fair comparison.
r rMarket Standing and Watchdog Video
r rFor a detailed analysis of Reliance Tax Saver Fund ELSS, it is highly recommended to watch the following video:
r r r Reliance Tax Saver Fund ELSS: A Comprehensive Analysis (Watch Video)r r rThe video provides valuable insights into the fund's past performance, current market context, and potential future prospects. By watching this video, investors can gain a more comprehensive understanding of the investment opportunities available.
r rConclusion
r rChoosing the right ELSS fund is a crucial decision, especially when it comes to tax savings. While Reliance Tax Saver Fund ELSS offers attractive performance metrics and a strong market presence, it comes with higher volatility. On the other hand, Axis Birla SL ELSS presents a more stable option for investors looking to manage risk.
r rUltimately, the choice between these two funds depends on an individual investor's risk tolerance, tax-saving goals, and investment horizon. It is advisable to conduct thorough research and possibly seek professional financial advice before making a final decision.
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