Thankfully, some investors have noticed the underperformance and punished it. The SBI Magnum Comma has seen its corpus dwindle from `653 crore in December 2009 to `224 crore now, a fall of 66%. Sundaram Select Focus, another chronic underper former, has seen its AUM fall by almost 70%.Still, about `7,000 crore lies in the 25 worst performing funds. This money has grown slower than the Nifty in the past five years.
Why aren't investors dumping these laggards? The advice in the market is often not in the interest of the investor. An adviser will get the investor to put in money but rarely ask him to take it out.
Ideally, one should monitor the performance of funds once in a quarter and review the portfolio once in a year. If a fund consistently underperforms for 3-4 quarters, it may be time to replace it with a better scheme.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
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
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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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