Invest In Tax Saving Mutual Funds Online
The scheme seeks to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market securities. It would invest across the range of debt instruments across the maturity range.
Fund Managers - Dhawal Dalal since May 2007
Analysis
The fund may not be at the top of the heap but has a consistent track record in terms of performance as well as management.
Strategy
The scheme seeks to generate optimal returns with high liquidity through active management of the portfolio by investing in high quality debt and money market securities. It invests across the range of debt instruments and throughout the maturity range.
The scheme normally invests in securities with longer residual maturity and is suitable for investors with long term investment horizon.
Its average maturity touched a high of 8.14 years in January 2013, but it has come down in the past three months and it stands at 3.11 years as on September 30, 2013. Currently, the fund has an expense ratio of 1.1 per cent.
Performance
After a dismal performance in 2008, the fund's performance improved in the very next year as it gave a return of 4.97 per cent while most of its peers struggled to stay in the positive territory. It has done well since then. It was part of the top-2 quartile during this period and only in 2012 did it slip to the third quartile in performance terms. Its year-to-date return of 5.92 per cent is better than the category average of 5.22 per cent.
About its portfolio constituents, in the beginning of 2013, its investment in government securities was around 40 per cent which increased the average maturity of the fund. Currently, it has over 52 per cent of its holdings in debentures and certificate of deposits.
Why invest?
The fund does invest across maturities as initially it had a medium term inclination but by the end of 2012 it increased its average maturity beyond 5 years which has again come down in the past three months. The fund management has not changed since the launch and its assets have swelled over the years
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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
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