As the name suggests, this fund has a focused investment strategy and takes concentrated bets on 25-30 large-cap stocks. Having severely underperformed in its initial years, the fund's revised investing approach has yielded impressive results. Its performance has seen a turnaround in the past few years. The fund manager adopts an unconstrained approach to portfolio construction--nei ther shying away from investing outside the benchmark nor remaining underexposed to index heavyweights. He also takes aggressive sector calls, as shown by large positive active weight in indus trials and negative active position in financial services. While the fund manager is skilled to execute the new strategy, the fund is more suitable for investors with a slightly higher risk appetite.
Top 10 Tax Saving 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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