Three features make the fund a relevant investment in the present volatile times. One, it is the fund's stock selection. Consistently the fund has stuck to risk-mitigating strategies both in equity and debt.As far as equities are concerned, the scheme's fund manager has stuck to quality companies.Two, on the debt side, the fund manager has refrained from investing in securities which have less than AA rating. Among the top holdings of its debt portfolio are long-term government securities. This means that the fund manager does not intend to take credit risk. Lastly, it is the performance of the scheme which has been commendable in the past three to five years. It has been an outperformer in the balanced fund category by giving 18% and 15% returns in the past three and five years. On the other hand, its peers have given returns of 13-17% in the same period.
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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4. ICICI Prudential 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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