FINANCIAL AND CAPITAL

MARKET SERVICES

INDIVIDUAL ASSIGNMENT

03/10/2021

Submitted By,

VAISHAKH K K

P20206
 ANALYSIS OF MUTUAL FUNDS IN INDIA

1. CANARA ROBECO EQUITY TAX SAVER - DIRECT PLAN – GROWTH

The investment objective of the Scheme is to achieve long term capital appreciation by
predominantly investing in equities. It also offers tax benefits under Section 80C. The
investments may be made in primary as well as secondary markets and scheme may also
invest in overseas equity markets like ADRs/GDRs.

Type of Mutual Fund Equity Mutual Fund

NAV (Current) 115.29 *as on 01 Oct 2021
Return Indicators Capital Appreciation
Nature Open Ended
AUM 2,680 Crores*As on 01, Oct 2021
Fund Managers Mr. Vishal Mishra
Mr. Shridatta
Bhandwaldar
AMC  Canara Robeco Mutual Fund
RTA KFin Technologies Private Limited
Entry Load NIL
Exit Load NIL
This Fund is an open-ended Equity Linked Savings Scheme (ELSS) which comes with a
statutory lock-in period of 3 years. It invests primarily in equity and equity-related securities
across industry sizes and sectors. The fund aims at wealth creation over the long term coupled
with tax advantage. The scheme does not guarantee assured returns due to presence of market
risks.

Banks 20.02 %
Software 12.24 %

Housing finance 3.00 %

Engineering, designing, construction 4.24 %

Market Capitalization as % of Net Assets
Diversified 1.98%

MAJOR SECTORS IN
THE PORTFOLIO

Equity Debt Others

PERFORMANCE DATA

*As on 01-Oct-2021

 Return Since Launch: 17.37%

 Benchmark: S&P BSE 100 TRI

COMPETITOR ANALYSIS:

AXIS LONG TERM EQUITY FUND - DIRECT PLAN

As on 01-Oct-2021
  Return Since Launch: 21.46%
 Benchmark: S&P BSE 100 TRI

COMPARISON

Risk Return Riskomete Std. Sharpe Sortin

Fund Name Beta Alpha
Grade Grade r Dev Ratio o Ratio
Canara Robeco Equity
Above 20.0
Tax Saver - Direct Low Very High 1.04 1.11 0.87 6.16
Average 6
Plan – Growth
Axis Long Term
Equity Fund - Direct Below Above 20.6
Very High 0.92 1.00 0.88 4.21
Plan Average Average 7

CONCLUSION

From the above risk and return matrices, it can be observed that Canara Robeco Equity Tax
Saver - Direct Plan – Growth Fund offers Above Average returns with lesser Standard
Deviation compared to Axis Long Term Equity Fund - Direct Plan. Since the sortino ratio for
canara robeco equity tax saver is high it is better to invest in that mutual fund.

Hence, among the above two funds, an investor should opt for Axis Blue-chip Fund.

2. BOI AXA TAX ADVANTAGE FUND - DIRECT PLAN – GROWTH

The Scheme seeks to generate long-term capital growth from a diversified portfolio of
predominantly equity and equity-related securities across all market capitalizations. The
Scheme is in the nature of diversified multi-cap fund. The Scheme is not providing any
assured or guaranteed returns. There can be no assurance that the investment objectives of the
Scheme will be realized.

Type of Mutual Fund Equity Hybrid Fund, Aggressive Hybrid

NAV (Current) 100.45 *As on 01 Oct, 2021
 Return Indicators Dividend Reinvestment
Nature Open ended Fund
AUM 512.07 Crores *As on 02 Oct, 2021
Fund Managers Aakash Manghani
AMC  BOI AXA Mutual Fund
Registrar and Transfer Agent KFin Technologies Pvt Ltd.
Date of Allotment Feb 2009
Entry Load NIL
Exit Load NIL

PROPORTION OF DEBT AND EQUITY

Debt-Equity Mix

98.91

Equity Debt

PERFORMANCE DATA

*As on 01-Oct-2021

 Return Since Launch: 19.55%

  Benchmark: S&P BSE 500 TRI

COMPETITOR ANALYSIS

DSP TAX SAVER FUND - DIRECT PLAN

*As on 01-Oct-2021

 Return Since Launch: 18.86%

 Benchmark: NIFTY 500 TRI

COMPARISON

Risk Return Std. Sharpe Sortino

Fund Name Riskometer Beta Alpha
Grade Grade Dev Ratio Ratio
Boi Axa Tax
Above
Advantage Fund - High Very High 20.22 1.20 1.24 0.87 9.72
Average
Direct Plan
DSP Tax Saver Fund Below Above
Very High 22.25 0.91 0.99 1.00 3.68
-- Direct Plan Average Average

CONCLUSION

Boi Axa Tax Advantage Fund - Direct Plan performs better than DSP Tax Saver Fund --
Direct Plan hence the sortino ratio for Boi Axa Tax advantage fund is higher than Dsp Tax
Saver it is better to invest in Boi Axa Tax Advantage Fund. Since it can be seen that DSP Tax
Saver Fund -- Direct Plan is more risky than Boi Axa Tax Advantage Fund - Direct Plan due
to high standard deviation and beta value.
3. MIRAE ASSET TAX SAVER FUND - DIRECT PLAN – GROWTH

The scheme seeks to generate long-term capital appreciation from a diversified portfolio of
predominantly equity and equity related instruments.

Type of Mutual Fund ELSS Mutual Fund

NAV (Current) 33.703

Return Indicators Capital Appreciation

Nature Open Ended

AUM 9400.59 Crores
Fund Managers Neelesh Surana
Custodian Deutsche Bank
AMC  Mirae Asset Mutual Fund
Registrar and Transfer Agent Karvy Computershare Pvt. Ltd.
Date of Launch 20-Nov-2006
Entry Load NIL
Exit Load NIL

Return since launch 23.61 %

Debt-Equity Mix

99.59

Equity Debt
 PERFORMANCE

*As on 01-Oct-2021

Return Since Launch: 23.46%

Benchmark: NIFTY 200 TRI

COMPETITOR ANALYSIS: IDFC TAX ADVANTAGE (ELSS) FUND - DIRECT

PLAN

PERFORMANCE

*As on 01-Oct-2021

Return Since Launch: 19.16%

Benchmark: S&P BSE 200 TRI

Mutual Fund Std.Dev Sharpe Ratio Sortino Ratio Beta Alpha

Mirae Asset Tax Saver Fund 21.97 1.00 1.08 0.99 5.39
- Direct Plan – Growth
IDFC Tax Advantage (ELSS) 26.06 0.76 0.81 1.15 0.45
Fund - Direct Plan
CONCLUSION
Mirae Asset Tax Saver Fund - Direct Plan – Growth- performs better than IDFC Tax
Advantage (ELSS) Fund - Direct Plan. Hence the sortino ratio for IDFC Tax Advantage
(ELSS) Fund - Direct Plan is higher than Mirae Asset Tax Saver Fund - Direct Plan –
Growth.

Hence it is better to invest in Mirae Asset Tax Saver Fund - Direct Plan – Growth.