Among large cap schemes, Birla Sun Life Top 100 is one of the few schemes, which has consistently outperformed its benchmark, CNX Nifty, and its peers in most cycles of markets.
Due to its high large cap bias (over 80%), the fund has managed to sail through low cycles of markets. In the past three and five years, the fund has delivered 17.8% and 13.1% returns, respectively. In the same time, CNX Nifty has given 9.1% and 7.1% returns and schemes in the same category have given 12.3% and 8.7% returns, respectively.
Mahesh Patil has been actively managing the fund in terms of changing sector allocation during low cycles of markets. As regards sectors, the scheme's portfolio has high weightage to financials, technology, energy, healthcare and automobile. At present, the scheme's fund manager has bought in beaten-down stocks which have high earnings growth potential. These are Cipla, Torrent Pharmceuticals, NTPC and Sun TV Networks
Top 10 Tax Saver 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
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