
The exceptional performance of Bandhan ELSS Tax Saver Fund during the initial six months of 2023 fizzled out in the second half of the year. The fund was doing well until September. Its star rating was also upgraded from 4 to 5 stars. However, it faced a setback in returns during the last three months of 2023. Despite this minor blip, the fund has emerged as an outperformer and remains firm on long-term performance. Reasons for underperformance The fund's tepid performance can be attributed primarily to the underperformance in banking stocks and Reliance Industries in the energy space. That said, there have been some bright spots. The fund's overweight exposure in the automobile sector has paid off, wherein mid- and small-cap names like Bharat Forge and Sandhar Technologies have done we
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