It delivers superior annual performances and has often been a top quartile performer. Of the 29 quarters of its existence, the fund has underperformed in just four. Though it's dynamic mandate allows it to take bets across the yield curve, the average maturity has exceeded four years only twice, at one time touching 11.

On the other hand, there is no hesitation in taking large cash exposures with allocation going to a fifth of the portfolio on numerous occasions. This conservative approach has resulted in a low volatility product but also in missed opportunities.

The fund refrained from high maturity bets when yields fell in the quarter ended December 2008. The fund's portfolio maturity was just 2.68 years in December 2008 (category average: 8.15 years). The fund delivered 4.79 per cent that month (category average: 8.23%).

Large asset base, low (although fluctuating) expense ratio, low volatility coupled with good returns gives investors a good deal of comfort.

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. HDFC TaxSaver
2. ICICI Prudential Tax Plan
3. DSP BlackRock Tax Saver Fund
4. Birla Sun Life Tax Relief '96
5. Reliance Tax Saver (ELSS) Fund
6. IDFC Tax Advantage (ELSS) Fund
7. SBI Magnum Tax Gain Scheme 1993
8. Sundaram Tax Saver