This fund has been a decent performer through the years, without really standing out in its category. It manages to beat its benchmark consistently, but at times struggles to keep up with many of its peers. It tilts towards bluechips and largecaps compared to peers.
While its top picks are benchmark heavyweights, the fund does not mirror the index and its portfolio is reasonably diversified. While the fund tends to perform better than many peers during a market uptick, it has not been able to cushion the downside as well. Conservative investors may opt for this fund, but those seeking higher returns should go for more aggressive and proven options in this segment.
Top 10 Tax Saver Mutual Funds for 2017 - 2018
Best 10 ELSS Mutual Funds to Invest in India for 2017
1. DSP BlackRock Tax Saver Fund
2. Tata India Tax Savings Fund
3. Birla Sun Life Tax Relief 96
4. ICICI Prudential Long Term Equity Fund
5. Invesco India Tax Plan
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Sundaram Diversified Equity Fund
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