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Till 2007 it was a volatile player in terms of performance. When Jain took over in 2008, the fund witnessed improved performance and asset growth.

 

From 2005, the fund's assets dropped drastically. From Rs 122.62 (December 2004), it dropped to 2.41 crore the very next month and never exceeded Rs 2 crore till August 2008. With no money, the investments were in T-bills and call money. Consequently, the average maturity of the fund was always much lower than the category average.

The change in performance from 2008 onwards began to attract flows. The fund manager got his calls right in 2008 and it was the best performer in its category. The average maturity of the fund touched 6.81 years in the last four months of that year. The fund was invested in a mix of Certificates of Deposit, Commercial Paper, G-Secs and debentures. Though the fund hit a rough patch in the last two years, it is still a good offering with a high expense ratio though.

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Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. HDFC TaxSaver
2. ICICI Prudential Tax Plan
3. DSP BlackRock Tax Saver Fund
4. Birla Sun Life Tax Relief '96
5. Reliance Tax Saver (ELSS) Fund
6. IDFC Tax Advantage (ELSS) Fund
7. SBI Magnum Tax Gain Scheme 1993
8. Sundaram Tax Saver

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Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

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