The fund, managed by Yogesh Patil, has been one of the few schemes which follow infrastructure theme closely.This is one of the key reasons why, over a long term, the scheme has beaten its peers by a fair margin. In a five-year period, the scheme gave returns of close to 11%, while its peers returned in the range of 8-9%. More importantly, in the past ten years, the scheme has beaten its benchmark by a considerable difference. Its benchmark, S&P BSE 200 has given 9% returns, while the scheme has given 12%.
At present, the scheme has companies which have relatively better balance sheet, reasonably good order book, high market share, hard-to-replicate business model and proven financial performance. Some of these firms are UltraTech, Sadbhav Engineering, Orient Cement, VA Tech Wabag & Bharat Forge.
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
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7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
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