This balanced fund has a stellar long term track record, but has seen perfomance falter in recent years. In the hands of a highly experienced and capable fund manager, the fund takes a more aggressive approach compared to peers.
The risk component in this fund is very high--standard deviation much higher on a relative basis. In the equity portion, the fund manager has placed heavy bets on banking stocks and has also invested in companies with lower market cap compared to peers. He is equally aggressive in the debt component of the fund, with high allocation to longer maturity government paper which is highly sensitive to interest rate changes. Given the elevated risk profile, the fund may not suit conservative investors.
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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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