IDFC Tax Advantage (ELSS) Fund invests into good businesses which are:
Ø Monopolistic in nature:
The fund invests into monopolistic businesses, where the competition is limited. A monopolistic business prevents increased competition or fragmentation of the industry. This helps the company maintain profitability through a cycle.
Ø The company is a leader or a challenger in its space:
Such businesses benefit both in a down cycle as well as up cycle. In a down cycle, they are able to maintain pricing power better than competition and hence margin dilution is lower. As a alternate strategy, they can gain market share by dropping margins. In an upcycle, they are able to raise prices and still maintain market share.
Ø Clean/ unlevered balance sheet to participate in growth:
The philosophy of the fund is to play operating leverage rather than financial leverage where ever possible. Clean balance sheets/ positive cash flows reduce the risk of bankruptcy, especially in a down turn. These companies also have the capacity to leverage their balance sheets in an up cycle.
Top 10 Tax Saving Mutual Funds to invest in India for 2016
Best 10 ELSS Mutual Funds in india for 2016
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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