We considered regular and growth options for the analysis. We analysed the yearly performance of ELSS schemes for a period of five years from 2019 to 2023 and considered the ELSS schemes that have underperformed their respective benchmarks for three consecutive years. These schemes are benchmarked against NIFTY 500 - TRI, S&P BSE 100 - TRI, and S&P BSE 500 - TRI.
The flexi cap schemes are benchmarked against NIFTY 500 - TRI and S&P BSE 500 - TRI. NIFTY 500 - TRI and S&P BSE 500 - TRI gave 22.61% and 22.26% respectively in 2023.
These funds are benchmarked against NIFTY 500 - TRI, and Nifty Dividend Opportunities 50 - TRI. These benchmarks gave 21.88% and 26.61% respectively. The benchmarks offered an average return of around 22.52% in a three year horizon.
These actively-managed focused funds are benchmarked against NIFTY 500 - TRI and S&P BSE 500 - TRI. These benchmarks have offered 13.42% and 13.26% respectively in 2023.