A five-star rated tax saving scheme, it primarily chooses to have high allocation to large-sized companies. In times when there is lack of clarity on visibility of earnings, high allocation to large-sized companies is a profitable shift. For conservative investors, this strategy is favourable since large-sized companies have established business models, dominant market share, reasonably good cash flow from operations and attractive return ratios.
In the past three-year and five-year period, the scheme has given 24.2% and 20.6% returns, respectively, while its benchmark Nifty 500 has given 15.7% and 13.4%, respectively, in the same period. In the past six months, the scheme's fund manager Rohit Singhania has invested in carefully picked fundamentally strong companies across sectors which have not only demonstrated encouraging financial performance in the past but also have strong revenue visibility once demand in their respective segments improves in the coming quarters. Some of these companies are Amara Raja Batteries, Hindustan Unilever, Tata Consultancy Services, and ICICI Bank
Top 10 Tax Saver Mutual Funds for 2018
Best 10 ELSS Mutual Funds to invest in India for 2018
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
Invest in Best Performing 2018 Tax Saver Mutual Funds Online
Invest Best Tax Saver Mutual Funds Online
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