A look at 7 tax-saving funds

These are the Equity Linked Savings Schemes, across fund houses, that our analysts looked at this year.
By Morningstar Analysts |  20-11-18 | 
 

 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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