57% ELSS funds underperformed their benchmarks in three-year horizon
The ELSS category offered an average return of 23.67% in the three-year horizon. The ELSS schemes are benchmarked against NIFTY 500 - TRI, S&P BSE 100 - TRI, and S&P BSE 500 - TRI. These benchmarks offered around 23.14 - 24.88% returns in the same time period. The toppers in the category offered more than 30%.
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