There are two ELSS funds by Birla Sun Life Mutual Fund

  1. Birla Sun Life Tax Relief 96
  2. Birla Sun Life Tax Plan

Let us do a comparison of these two plans

 

Birla Sun Life Tax Relief 96 Birla Sun Life Tax Plan
Performance  

1Y: 10.3%

3Y: 21.73%

5Y: 20.65%

10Y: 10.81%

 

1Y: 9.52%

3Y: 20.78%

5Y: 20.01%

10Y: 10.18%

AUM 2458.64Cr 408.31Cr
Portfolio  

Sundaram Clayton

Bayer CropScience

Honeywell Automation

ICRA

Gillette

Kotak Mahindra Bank

Biocon

MRF

Zee Entertainment Ent

Glaxosmithkline Pharma

 

Sundaram Clayton

Bayer CropScience

Honeywell Automation

ICRA

Gillette

Kotak Mahindra Bank

Biocon

MRF

Zee Entertainment Ent

Glaxosmithkline Pharma

Expense Ratio 2.29% (Regular) 2.72% (Regular)

So what is the point?

  1. If the portfolio of both the funds are almost the same, why are there two funds?
  2. The expense of Birla Sun Life Tax Relief 96 is 2.29%, while Birla Sun Life Tax Plan is 2.72%. Why are people investing in Birla Sun Life Tax Plan with higher expense ration?