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Thursday, June 23, 2016

IDFC Tax Advantage (ELSS) Fund Online

Invest IDFC Tax Advantage (ELSS) Fund Online
 The scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.
 

A relatively recent entrant to the tax-planning category, this fund has beaten its benchmark in all years except the first one after launch. It has also earned a four-star rating for the last three years. The fund has a higher-than-category allocation to mid-cap stocks, which have made up anywhere between 30 and 55 per cent of the portfolio in recent years. Large caps have accounted for 40-60 per cent and the allocations seem to be a result mainly of bottom-up stock choices.

 

The fund is managed on the basis of a growth-at-a-reasonable-price philosophy. It does take both cash and debt calls on occasion. The cash/debt positions, which rose to 18 per cent in mid 2015, have since been tempered to about 10.5 per cent. The fund believes in identifying companies by forecasting earnings based on a deep understanding of the industry-growth potential and interaction with company managements.

 

The fund has beaten its benchmark by sizeable margins over three and five years, though one-year returns place it in the middle of the category. The fund was launched after the big bear market of 2008 and has therefore encountered only one down year in its history, but it did navigate 2011 pretty well. While faring well against its benchmark, the fund hasn't been a huge category outperformer. In 2009, 2011 and 2014, its returns were either below or matched those of the category average.

 

It's a conservative tax-planning fund, but investors can take smaller exposures until a longer track record is at hand.

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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saver Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

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