Tuesday, March 31, 2015
by
Indian Real Estate News
The scheme aims to invest at least sixty-five per cent of its assets in equity and equity related instruments of companies with a market capitalisation between Rs
100 crores and Rs 2500 crores. This also includes exposures in derivatives of such companies, but it shall not exceed thirty per cent of the assets.
The fund emerged as a winner the last year and became a five-star fund in October 2014. It offered 101 per cent returns the last year, 39 per cent more than its benchmark index. The fund started its journey somewhat shakily, but it has steadily improved its performance since then, barring a single occasion in 2013. In fact, it stands tall at the sixth place among all equity schemes in terms of five-year returns. Its trailing three- and five-year returns reflect its decent run, higher by 7 per cent than the category average. Among the smaller funds in the category, this one has the potential to reward its investors with its good performance.
The total number of stocks in its portfolio has gradually increased and currently it holds 63 stocks in its portfolio. It is one of the few funds which are underweight on financials vis-Ã -vis the benchmark. Another sector where it is grossly underweight is healthcare. Currently, it is overweight on the metals, energy and construction sectors.
The fund follows a thorough bottom-up stock-picking approach to identify companies. It uses a combination of growth-oriented style of investing and the value approach to create a diverse portfolio of fundamentally strong companies. This stock-picking strategy is also known as growth at reasonable price (GARP). The fund tries to reduce the volatility that is commonly associated with mid-cap companies through adequate diversification of its portfolio, which seems to have helped the fund in both upward and downward markets.
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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