ET Wealth collaborates with Value Research to analyse top mutual funds.
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
Tata India Tax Savings Fund
HOW HAS THE FUND PERFORMED?
With a 10-year return of 11.9%, the fund has outperformed both the category average (10.4%) and the benchmark index (7.3%).
The fund has outperformed the category average over the past decade.
As on 30 Jan 2018
Annualised Performance (%)
The fund has outperformed across time periods.
As on 30 Jan 2018
Yearly Performance (%)
The fund has not been consistent in recent years.
BASIC FACTS
DATE OF LAUNCH: 31 MAR 1996
CATEGORY : EQUITY
TYPE : TAX SAVING
AVERAGE AUM : Rs 1,091.89 CR
BENCHMARK : S&P BSE SENSEX INDEX
FUND MANAGER : RUPESH PATEL
TENURE: 2 YEARS AND 8 MONTHS
EDUCATION: B.E AND MBA
WHERE DOES THE FUND INVEST?
The fund's portfolio is heavily diversified with modest exposure to top bets.
How Risky Is It?
The fund's risk-return profile is superior to many of its peers.
Wherever not specified, data as on 31 dec 2017. Source: Value Research
Should You Buy
This tax-saving fund has no market-cap bias. However, it retains a slant towards mid-sized firms compared to peers, evident in its lower portfolio market-cap. The fund manager prefers growth businesses with scalability and capital efficiency. He adopts a basket approach to portfolio construction, with multiple picks across market-caps within each sectoral bet. Over the past one year, the portfolio size has grown resulting in a heavily diversified approach with modest exposure in the fund's top picks. While the fund has not been consistent in recent years, it has outperformed its category across time periods. With a much superior risk-return profile compared to most peers, it can be a worthy pick, if it displays greater consistency in outperformance.
