| Name of the Scheme | Existing Benchmark Index | New Benchmark Index | Justification |
| Religare Invesco Gilt Fund - Long Duration Plan | I -Sec Li -BEX Index | CRISIL 10 Year Gilt Index | The underlying constituents, maturity, duration of index etc. of Existing Benchmark Index viz; I -Sec Li - BEX are not available and it results in significant divergence in the Scheme performance. |
| The proposed New Benchmark Index viz; CRISIL 10 Year Gilt Index seeks to track performance of 10 year benchmark government security. The Index is computed on a daily basis using the gross price return of 10 year benchmark government security and its coupon cash flow return. |
The change in benchmark of the Scheme will be effective from June 11, 2015. All other terms and conditions of the Scheme will remain unchanged.
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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