L&T EQUITY FUND - Invest Online
Since taking over from the outgoing Fidelity team in November 2012, this fund has fared well, but hasn't really stood out among its peers. It is a flexicap fund with a bottom-up stock picking approach, without any bias for sectors or market capitalisation. However, it currently shows a distinct large-cap tilt after the recent run-up in several midcaps. The new fund manager is a very experienced hand and is backed by a strong team. His top stock bets do not suggest an overtly aggressive approach in portfolio construction, even though he displays comfort in investing outside the benchmark constituents for his smaller bets. While the fund's track record under the new team has been decent, it needs to do more for investors to consider putting their money in it.
Best Tax Saver Mutual Funds or ELSS Mutual Funds for 2015
1. BNP Paribas Long Term Equity Fund
2. Axis Tax Saver Fund
3. IDFC Tax Advantage (ELSS) Fund
4. ICICI Prudential Long Term Equity Fund
5. Religare Tax Plan
6. Franklin India TaxShield
7. DSP BlackRock Tax Saver Fund
8. Birla Sun Life Tax Relief 96
9. Reliance Tax Saver (ELSS) Fund
10. HDFC TaxSaver
Invest Rs 1,50,000 and Save Tax under Section 80C. Get Good Returns by Investing in ELSS Mutual Funds Online
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