BNP Paribas Tax Advantage has a three-year annualised return of 13.36 per cent, compared with the benchmark's 5.42 per cent
FUND FACTS
INCEPTION: January 2006
CATEGORY: Equity Tax Planning
TYPE: Open-ended
AUM: Rs 144.77 crore
BENCHMARK INDEX: S&P BSE 200
WHAT IT COSTS
NAV: Rs 17.90 (G), Rs 11.40 (D)
MIN INVESTMENT: Rs 500
MIN SIP AMOUNT: Rs 500
EXPENSE RATIO: 2.92 per cent
EXIT LOAD: NA
WHY INVEST IN IT?
BNP Paribas Tax Advantage's portfolio leans towards large-cap stocks, although the fund mostly functions as a multi-cap fund with substantial midand small-cap exposure that aids in this scheme's performance. This fund has been in the top two quartiles for the last three years, with annualised return of 13.36 per cent, substantially higher than the category average of 8.01 per cent. Where this scheme scores is in its ability to contain its slide when the markets are down. In 2011, it lost 15 per cent compared to the category average loss of 24 per cent. The scheme's proven expertise in beating peers across different market phases makes this an attractive option.
MEET THE FUND MANAGER
Shreyash Devalkar has an experience of more than 5 years in equities markets as an Equity Research Analyst. He began his career as an Equity Research Analyst with IDFC Capital in 2005. Thereafter, he joined IDFC Asset Management. His earlier stints include about two years of experience in Credit Analysis with JP Morgan Services India and Calyon bank.
Data and analysis of the fund have been sourced from Value Research
