Monday
Top 10 Equity Tax Saver ELSS Funds – March 2010
Here is the first edition of FRPP rankings in the Equity Tax Saver Mutual Funds category (See previous post on FRPP).
Canara Robeco Equity Tax Saver fund ranks first among ELSS funds with a 3 year track record. This fund predominantly invests in large cap stocks with a reasonable mix of midcap stocks (and higher risk). The fund does not have a large asset base, but has done a good job with a compact portfolio.
HDFC Tax Saver and ICICI Prudential Tax Plan hold the second and third positions respectively. These two funds invest predominantly in large cap funds and have similar performance profile. The largest of the ELSS funds, SBI Magnum Tax Gain, is in the fifth position.
| FRPP Rank | Fund Name (Equity Tax Saver) | Assets (Rs. Cr.) | NAV (14/3/2010) | 1 year Return (%) |
| 1 | Canara Robeco Equity TaxSaver | 116.79 | 22.54 | 134.1 |
| 2 | HDFC Tax Saver | 2,201.80 | 201.64 | 129.9 |
| 3 | ICICI Pru Tax Plan | 1,043.51 | 124.5 | 147.8 |
| 4 | Sahara Tax Gain | 8.77 | 32.27 | 111.2 |
| 5 | SBI Magnum Tax Gain | 5,297.39 | 57.11 | 101.2 |
| 6 | Franklin India Tax Shield | 729.6 | 182.66 | 105.2 |
| 7 | Birla SL Tax Relief 96 | 1,220.07 | 86.21 | 128.6 |
| 8 | Sundaram Tax Saver | 1,219.69 | 40.93 | 93 |
| 9 | HDFC Long Term Advantage | 862.18 | 117.22 | 116.4 |
| 10 | Taurus Tax Shield | 36.65 | 31.41 | 105.6 |
A total of 51 equity tax saver mutual funds were used in the analysis. For reference purposes, SENSEX (1 year return – 105%) held the 11th rank, and NIFTY (1 year return – 95%) held the 13th rank.
Happy Investing!
by Admin at 21:13 |
0 Comments:
Post a Comment
<< Home