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HDFC Taxsaver

Tax Saving Mutual Funds Online

Current open Infra Bond Application form

HDFC Taxsaver has an impressive track record of generating returns as well as protecting the downside

 

When this fund hit a roadblock in 2007 (other schemes from this fund house also got hit), questions abounded as to the end of its lucky streak. It certainly was a jolt to investors. In 2007, the fund found itself at the bottom of the ladder with a return of 39.44 per cent; the best performer in this category delivered 112 per cent! That was the first time it underperformed its benchmark since inception. But critics have been silenced since the fund manager has managed to deliver top quartile annual performances since then.

 

The fund tends to take a top-down approach before going for stocks that will deliver the outperformance. But in this strategy, it could well deviate from the current market position. Way back in 2000, when most funds were betting heavily on Infotech, this one held onto FMCG and was quick to offload its IT exposure. It actually delivered a positive return of 5.74 per cent that year (category average: -24.13%). In 2007, the allocation to Metals was miniscule (naturally it got punished for that stance temporarily). In 2009 when Energy was chased (category average exposure: 16%), this fund had just 10 per cent allocated to it on an average. It also had close to one-fifth of its portfolio allocated to FMCG and Pharma; the lowest performing sectors that year. But investors who are willing to cast their lot with the fund manager's convictions have not been let down. An annualized return of around 30 per cent over the past three years ended November 30, 2011, bears testimony to the fund manager's skill.

 

Over the years, there has been no tilt towards any single market cap. Although over half of the fund's assets were into large caps during the end of 2011, that has not always been the case. Way back in 2004, almost half of the fund's assets were into small caps. In 2006, when large caps outperformed, the fund increased exposure to large caps to 60 per cent of the portfolio and did it again in 2008. By mid-2009, it had around 60 per cent of its portfolio allocated to mid and small caps.

 

In its 14 years of existence, this fund has really proved its mettle. Current fund manager Kulkarni has managed the rising asset base smartly, a natural outcome being an increase in the number of holdings. As on June 2011, the number of stocks in the portfolio stood at 63

 

This fund's track record shows its ability to generate superior returns and display resilience when the market is on a downslide.

 
 

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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

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

 

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

 

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. HDFC TaxSaver
  2. ICICI Prudential Tax Plan
  3. DSP BlackRock Tax Saver Fund
  4. Birla Sun Life Tax Relief '96
  5. Reliance Tax Saver (ELSS) Fund
  6. IDFC Tax Advantage (ELSS) Fund
  7. SBI Magnum Tax Gain Scheme 1993
  8. Sundaram Tax Saver

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Application form for Tax Saving Infrastructure Bond and more information

Current open Infra Bond Application form

 

Submit filled up application    Collection canter near you

 

 

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How to apply to HUDCO Bonds?

Apply for HUDCO Tax Free Bonds forms below

Download HUDCO Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

 

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How to apply to REC Bonds?

Apply for REC Tax Free Bonds forms below

Download REC Tax Free Bond Application Forms

Submit the filled up form to Collection canter near you

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