One of the main distinguishing factors between Franklin Build India and other infrastructure-focused schemes is the way it plays the theme in its portfolio. It is estimated that close to 25% of its portfolio comprises banks. Banks fund capital expenditure of private companies and hence, they also serve as a proxy play for infra theme. Besides, the scheme also invests in key infra companies, which not only generate high cashflow from operations but also are market leaders in their respective sectors.
A few prominent companies in the scheme's portfolio are UltraTech Cement, Maruti, HDFC Bank and State Bank of India.
In the past three-year and five-year periods, it has given 30% and 18.8% returns, while Nifty 500 has given 13.1% and 7% 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
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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