A look at 7 tax-saving funds

Nov 20, 2018
These are the Equity Linked Savings Schemes, across fund houses, that our analysts looked at this year.
 

 Axis Long Term Equity

Fund manager Jinesh Gopani is an efficient stock picker. The consistency in execution is reflected in the fund’s performance. Read the analyst note here.

  • Analyst Rating: Silver
  • Date of Analysis: November 2018
  • Star Rating: 4 stars
  • Investment Style: Large Growth
  • Fund Manager: Jinesh Gopani

HDFC Tax Saver

A competent manager, solid process, and consistent execution drive our conviction. Read the analyst note here.

  • Analyst Rating: Silver
  • Date of Analysis: October 2018
  • Star Rating: 3 stars
  • Investment Style: Large Growth
  • Fund Manager: Vinay Kulkarni

SBI Magnum Taxgain

Historically we have not been too impressed with this offering. The current fund manager took over 2 years ago. Read the analyst note here.

  • Analyst Rating: Neutral
  • Date of Analysis: October 2018
  • Star Rating: 3 stars
  • Investment Style: Large Growth
  • Fund Manager: Dinesh Balachandran

Reliance Tax Saver

The fund is led by an experienced manager with a strong focus on research. Read the analyst note here.

  • Analyst Rating: Bronze
  • Date of Analysis: August 2018
  • Star Rating: 3 stars
  • Investment Style: Large Growth
  • Fund Manager: Ashwani Kumar

Sundaram Diversified Equity

We are positive on the fund manager’s abilities but there is room for improvement. Read the analyst note here.

  • Analyst Rating: Neutral
  • Date of Analysis: July 2018
  • Star Rating: 2 stars
  • Investment Style: Large Growth
  • Fund Manager: S Krishnakumar

Franklin India Taxshield

This fund house has a disciplined approach to investing. And this will benefit the fund. Read the analyst note here.

  • Analyst Rating: Bronze
  • Date of Analysis: June 2018
  • Star Rating: 4 stars
  • Investment Style: Large Growth
  • Fund Manager: Lakshmikanth Reddy

L&T Tax Advantage

An experienced manager backed by a strong team. Read the analyst note here.

  • Analyst Rating: Bronze
  • Date of Analysis: March 2018
  • Star Rating: 4 stars
  • Investment Style: Large Growth
  • Fund Manager: Soumendra Nath Lahiri
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