Download Tax Saving Mutual Fund Application Forms
Invest In Tax Saving Mutual Funds Online
Leave a missed Call on
94 8300 8300
The portfolio is getting less defensive and this may help the fund ride any recovery
With the fiscal year drawing to a close, here is one fund that may not just help you save tax, but also generate reasonable returns over a three-to-five year period.
Outscores peers
IDFC Tax Advantage Fund (ELSS) has consistently bettered its benchmark BSE 200 across one-, three-, and five-year time frames. Not just that, it has also outperformed peer funds — Birla Sun Life Tax Plan, HSBC Tax Saver Equity and SBI Magnum Tax Gain across all time periods.
The fund's performance has improved significantly in the last three years.
Its strategy to increase allocation to foreign exchange earners such as IT, auto and pharma stocks, and reduce exposure to metals, and oil and gas helped the fund clock top quartile performance in the last three years.
Since its inception in December 2008, IDFC Tax Advantage has delivered returns higher than its benchmark during rally phases. Likewise, it has also managed to contain downsides during corrective phases.
The fund scores over its peers on consistency, too. In the last five years, its annual performance has been better than its benchmark 91 per cent of the time. A systematic investment of ₹1,000 in the fund over the last five years would have earned annual returns in excess of 11 per cent.
Mid-cap exposure
In the last six months, the fund has shed its defensive skin a tad by buying into select beaten down themes. Even as it continues to bet on pharma and consumer stocks, IDFC Tax Advantage has added a few stocks in the financials, construction projects, capital goods and telecom space. However, it has reduced exposure to refinery, power and IT stocks during this period.
The fund has also gone down the market cap curve by increasing exposure to mid-cap stocks within the respective sectors in the last six months.
For instance, in the banking space, the fund has reduced exposure to HDFC Bank and added Punjab National Bank and Development Credit Bank to its portfolio. This has led to a fall in the portfolio's weighted average market capitalisation from over ₹71,000 crore by end-July 2013 to ₹42,000 crore in January 2014.
The fund held 36 stocks in its portfolio as of January.
Sector bets
With IT, pharma and consumer non-durables as its top sector bet, the fund may be well-placed to tide over volatility. With any recovery in the economy, the fund's investments in high beta themes such as banking and capital goods will likely aid performance.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them
OR
You can write back to us at
PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Any Fund Application Forms
---------------------------------------------
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Franklin India Bluechip
- ICICI Prudential Top 100 Fund
B. Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Birla Sun Life Front Line Equity Fund
- Franklin India Prima
C. Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Birla Sun Life Dividend Yield Plus
- SBI Emerging Businesses Fund
- HDFC Mid-Cap Opportunities Fund
- ICICI Prudential Discovery Fund
D. Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
2. Franklin India Smaller Companies
E. Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- ICICI Prudential Banking and Financial Services Fund
F. Tax Saver Mutual Funds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
G. Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
- Birla Sun Life Gold
H. International funds Invest Online
1. Birla Sun Life International Equity Plan A
2. DSP BlackRock US Flexible Equity
3. FT India Feeder Franklin US Opportunities
4. ICICI Prudential US Bluechip Equity
5. Motilal Oswal MOSt Shares NASDAQ-100 ETF
No comments:
Post a Comment