Having a performance record of over 16 years, the scheme has consistently beaten its peers and benchmark index, thanks to its robust stock-picking process. Its fund manager Anand Radhakrishnan's strategy of picking stocks has been consistent even if his selection doesn't match the market preference. He chooses companies which have high earnings potential, established business models and more importantly high corporate governance.
In the three-and five-year periods, when the scheme delivered returns in the range of 15-20%, its peers gave returns in the range of 13-18%.Also, it has been far ahead of its benchmark index Nifty 500 in the past three and five years.
Investors should take note of one crucial fact.Due to the scheme's relentless pursuit for quality growth stocks, it may have stocks which seem expensive. Here the rational is to pay for incremental growth of companies.Prominent among the new entrants in the scheme is State Bank of India.
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
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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