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An ELSS Mutual Fund

The fund invests in a diversified portfolio of strong growth companies with sustainable business models. Though the benchmark is BSE 200, investments are not restricted to just that. It has the flexibility to invest across the market capitalisation spectrum and across industries and sectors.
Like many other funds of this category, this fund too finds refuge in large caps whose share is above 50 per cent of the portfolio currently. Equity allocation of the fund has been above 95 per cent for past several quarters.

 

Performance

The fund beat its category average by a significant margin in 2010 and achieved the same feat again in 2011 as it restricted its fall to 14.76 per cent while the category average fell by 23.82 per cent. Its trailing three year return of 4.97 per cent is higher than the category average of -2.27 per cent.
Its portfolio includes names like HDFC, HDFC Bank, ICICI Bank and L&T since inception. And others like TCS, M&M, Bata India, ITC, Cummins and Infosys have been part of the portfolio for more than the past two years.

It does not heavily bet on a single stock with exposure to a single holding capped at 5.5 per cent. Only 14 stocks have been part of its top holdings in the past three years which reflects its long term conviction. Financial, automobile, FMCG, healthcare and technology are the top sectors and account for 70 per cent of the portfolio. Its healthcare exposure has gone up in the past two years.

Why invest?

The fund has the flexibility to invest across sectors and has no market cap bias and its performance lends confidence to its future prospects. Though we lament the fact that it has one of the highest expense ratios (3 per cent) in its category.

Happy Investing!!

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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

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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

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