The fund, managed by Yogesh Patil, has been one of the few schemes which follow infrastructure theme closely.This is one of the key reasons why, over a long term, the scheme has beaten its peers by a fair margin. In a five-year period, the scheme gave returns of close to 11%, while its peers returned in the range of 8-9%. More importantly, in the past ten years, the scheme has beaten its benchmark by a considerable difference. Its benchmark, S&P BSE 200 has given 9% returns, while the scheme has given 12%.
At present, the scheme has companies which have relatively better balance sheet, reasonably good order book, high market share, hard-to-replicate business model and proven financial performance. Some of these firms are UltraTech, Sadbhav Engineering, Orient Cement, VA Tech Wabag & Bharat Forge.
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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