BSL Tax Relief '96 continues to remain in the Top quartile (1,2,3 year period as on 30th September 2015) irrespective of local and global weather situations. The fund ended the September 2015 quarter as a Q1 fund again and has now been Q1 (Top quartile) 10 times in the last 12 quarters (with Q2 in the remaining 2) justifying why investors need to have it as a part of their portfolio.
For the past 1 year, the portfolio returns (18.85%) have been more than 6x the returns compared to its benchmark, S&P BSE 200 (3.08%). This performance could be attributed to the funds stock selection ability as well as active sector allocation. Our active over-weights in Sundaram Clayton, Tata Honeywell, Pfizer & MRF and an underweight in ONGC and Coal India helped in reporting an outperformance. On the sector allocation front, over-weight in Industrial manufacturing & Media and underweight in Metals & Energy helped in contributing to the outperformance.
After a dream run in 2014, the year 2015 has been a bit modest for Indian equities. The broader indices such as S&P BSE Sensex & CNX Nifty have wiped out some of the gains made in 2014 with returns of -4.89% and -4.03% respectively. In the midst of all the concerns, BSL Tax Relief '96 has once again emerged as a top performer in the ELSS category. For the equity market it might be testing times but for this seasoned campaigner it was just another quarter of consistent performance.
The following are key "success mantras" which have been the drives of the funds consistent performance.
v The fund tries to remain immune to local and global events by picking stocks which have strong fundamentals are not majorly affected by those events
v The fund follows a predominantly bottom-up approach to pick winners in good and bad times
v The fund is market cap agnostic and does not shy away from investing in a compelling business across market caps
v The fund is well positioned to take advantage of gradual recovery in the economy and is optimistic towards niche themes like Agri, Rating agencies, Travel & Tourism, Media, Consumer discretionary
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. IDFC Tax Advantage (ELSS) Fund
4. ICICI Prudential Long Term Equity Fund
5. Religare Tax Plan
6. Franklin India TaxShield
7. DSP BlackRock Tax Saver Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. HDFC TaxSaver
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online
Invest in Tax Saver Mutual Funds Online
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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