An open-ended equity fund with the objective to provide 'Capital appreciation' by investing primarily in mid cap stocks.
The fund has been a consistent performer in the last four years and it has managed to deliver superior returns than its peers. It has outperformed its benchmark by 34 per cent and the category average by 15 per cent in the last year.
However, the fund had an uneven performance record before it turned around four years ago. The fund started off well but then skidded into a rough patch in the next three years before staging a brief recovery in 2009. However, it has performed admirably since then. Its trailing three- and five-year returns reflect its renewed performance, as it beat its benchmark by over 10 per cent. Cumulatively, the fund had outperformed the benchmark by over 50 per cent by the end of 2014.
Its average mid-cap holdings in 2014 have been 56 per cent, but it did have a higher exposure to small caps for brief time periods earlier. The fund looks for companies with a track record of generating positive operating cash flows for at least three out of five years on a historic basis.
It also focuses on companies that could spring positive earnings growth surprises and limits its enthusiasm for perpetual turnaround candidates. If at all it falls for the temptation to invest in companies that do not generate cash flows consistently, it limits such holding to less than 1.5 per cent of the total portoflio on an individual basis.
Finally, you should pick this one if you are impressed with its consistency in the last four years and the stable management behind it for more than a decade.
1.ICICI Prudential Tax Plan
2.Reliance Tax Saver (ELSS) Fund
3.HDFC TaxSaver
4.DSP BlackRock Tax Saver Fund
5.Religare Tax Plan
6.Franklin India TaxShield
7.Canara Robeco Equity Tax Saver
8.IDFC Tax Advantage (ELSS) Fund
9.Axis Tax Saver Fund
10.BNP Paribas Long Term Equity Fund
You can invest Rs 1,50,000 and Save Tax under Section 80C by investing in Mutual Funds
Invest in Tax Saver Mutual Funds Online -
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
---------------------------------------------
Leave your comment with mail ID and we will answer them
OR
You can write to us at
PrajnaCapital [at] Gmail [dot] Com
OR
Leave a missed Call on 94 8300 8300
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Posts
No comments:
Post a Comment