Saturday
Top 10 India Equity Tax Saver (ELSS) Mutual Funds – April 2010
Here are the top 10 Equity Tax Saver Mutual Funds for the month of April 2010 (See previous post on FRPP).
There is no major change in the top 10 funds this month. 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, dropped 3 spots to the eighth position.
| Rank | Fund Name (Equity Tax Saver) | Assets (Rs. Cr.) | NAV (16/4/2010) | 1 year Return (%) |
| 1 | Canara Robeco Equity TaxSaver | 116.79 | 23.78 | 91.6 |
| 2 | HDFC Tax Saver | 2,414.46 | 207.75 | 88.3 |
| 3 | ICICI Pru Tax Plan | 1,123.08 | 128.96 | 102.7 |
| 4 | Sahara Taxgain | 8.77 | 33.61 | 75.6 |
| 5 | Franklin India Tax Shield | 783.98 | 188.2 | 72.9 |
| 6 | Sundaram Tax Saver | 1,219.69 | 41.49 | 62.8 |
| 7 | Birla SL Tax Relief 96 | 1,317.82 | 82.53 | 87.7 |
| 8 | SBI Magnum Tax Gain | 5,457.62 | 57.96 | 67.1 |
| 9 | HDFC Long Term Advantage | 909.31 | 120.79 | 80.5 |
| 10 | Taurus Tax Shield | 38.56 | 32.04 | 71.2 |
A total of 51 equity tax saver mutual funds were used in the analysis. For reference purposes, SENSEX (1 year return – 60.7%) held the 11th rank, and NIFTY (1 year return – 56.2%) held the 13th rank.
Happy Investing!
Labels: ELSS, Equity, Fund Relative Strength
by Admin at 20:04 |
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