UTI LONG TERM EQUITY Online
This tax-saving fund has a patchy track record, having underperformed its peers and, at times, its benchmark index, for many years. The fund's portfolio is tilted towards the larger bluechips compared to peers in the same category. Most of the top fund holdings are benchmark heavy weights, although the fund manager is comfortable scouting beyond the benchmark for its smaller holdings. With around 90 stocks, however, the portfolio is diversified to the extreme, showing a lack of conviction. Over the last three and five years, the fund has captured lesser of the market upside than its peers and comparatively higher downside. With an unfavourable risk-reward profile compared to peers, investors can look elsewhere for their tax-saving needs.
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
Invest in Best Performing 2016 Tax Saver Mutual Funds Online
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