Fund Analysis

Getting back its zing

L&T Tax Advantage is making a come-back from its recent underperformance with a mixture of defensive picks and unconventional small caps

Starting out in the rocking markets of 2006, L&T Tax Advantage Fund (formerly Fidelity Tax Advantage) delivered an impressive show until 2011, beating both benchmarks and the category average by comfortable margins. This earned it a 4-star rating in the first few years after launch. But the fund slipped behind the rest of the ELSS category between 2012 and 2014, resulting in i

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