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.
This product is suitable for investors who are seeking
• This product is suitable for Investors who are seeking
• Long term capital appreciation.
• An ELSS fund offering tax benefits under Section 80C of the Income Tax Act.
The fund has recently gone a fundamental change with Anand Radhakrishnan handling over the management responsibilities to Lakshmikant Reddy. However, the fund sticks to the AMC mandate of not taking extra risks for generating superior alpha. Going forward, the fundamental changes may or may not be in line with the previous performance but for a category which locks in the investment money for 3 years, the fund mandate does provide a volatility cover which is also visible in the fund lower than benchmark allocation to mid and small cap. Though this has also resulted in lower than peer returns in the short run but a good investment for investors looking out for generating returns while avoiding heavy losses during bare phases.