|Category:||Equity: Tax Planning|
|Net Assets:||R 967 crore (As on Dec 31, 2013)|
|Expense:||2.47% (As on Sep 30, 2013)|
The scheme seeks medium to long term growth of capital, with income tax rebate. The scheme invests in equities and there is an exposure to PSU Bonds and debentures and Money Market instruments.
Anand Radhakrishnan since Apr 2007
Anil Prabhudas since Feb 2011
The fund has been resilient through market downturns but it struggles in a frothy market. The fund carries a portfolio of large- and mid-cap bluechips. The fund has beaten the market and its peers over the past 10- and 5-year period by a reasonable margin. The fund's stated goal is to derive steady growth from a diversified portfolio of stocks across sectors, capitalisation and by following a blend of value and growth style of investing. It's a good choice for investors seeking market beating return from a tax saving fund.