Invest ICICI Pru Value Discovery Fund Online
With the Nifty down by 20% from its peak, it is that time in markets when value-investing works well. Because in a comprehensive fall, the possibility of seeking value is quite high.One such scheme which has delivered superior returns merely on its sharp focus on value-investing is ICICI Pru Value Discovery Fund. The scheme follows a contrarian approach in seeking value stocks. In this approach, the fund looks for companies which have high potential for growth but are trading at a discount to their intrinsic value. The scheme's fund manager Mrinal Singh is wary of buying any stock at premium valuation however it may seem. With these factors, the scheme has consistently beaten its benchmark and peers by a wide margin. In the past five years, when its benchmark S&P BSE500 has delivered 6.1% returns, the scheme has given 16.7% returns. In the same period, its peers delivered returns in the range of 10-12%. In the past six months, the scheme has bought beaten down but fundamentally good companies such as Axis Bank, Bajaj FinServ, Bharti Airtel and NMDC. For retail investors, it is advisable to invest in the scheme with an investment horizon of at least three years.
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Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds
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
2. Axis Tax Saver Fund
3. Franklin India TaxShield
4. ICICI Prudential Long Term Equity Fund
5. IDFC Tax Advantage (ELSS) Fund
6. Birla Sun Life Tax Relief 96
7. DSP BlackRock Tax Saver Fund
8. Reliance Tax Saver (ELSS) Fund
9. Religare Tax Plan
10. Birla Sun Life Tax Plan
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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