Reliance Tax Saver

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This fund follows a combination of top-down and bottom-up approach based on the macro economic framework. Investments follow a minimum 50 per cent exposure to BSE 100 or the top-100 companies by market capitalisation and invest the remaining 50 per cent outside the BSE 100. The rationale to invest outside the top-100 companies is to take exposure in unique stock ideas that have potential to grow. Moreover, the fund manager has the leeway to take cash positions up to 25 per cent to counter abnormal market conditions.

 

Performance

In 2005, when this scheme was launched, it mopped up `700 crore to be the biggest fund in the category. However, the next two years were dismal. It took two more years before this fund came on its own, when it managed to check its fall compared to the benchmark and category average in 2008. With the exception of 2009, when it slipped below the benchmark, this fund has consistently fared well since then. In 2012, it was a top quartile performer and the second-best in the category. The enhanced performance was on back of its ability to maintain a mid- and small-cap focussed fund with 36 to 81 per cent exposure in the past 3 years. That the mid-caps did exceptionally well in 2012 helped the fund's performance.

 

Regular investments in small-cap stocks such as Cummins India, KSB Pumps, SML Isuzu, Alstom T&D India and Triveni Engineering have only reiterated its mid- and small-cap tilt. The fund manager also maintains allocation to quality large-cap stocks such as SBI, Maruti Suzuki and HPCL.

 

Further, the strategy to increase equity allocation during market downturn has paid out, given the fund's mandate to go high on cash to counter abnormal market conditions. A portfolio of 46 stocks with exposure to diverse sectors has also aided the performance.

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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

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

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Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund