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Tax-planning funds faring well

Here we analyse select funds against different parameters and tell you which ones are doing well and which are not

Print Edition: October 18, 2007

As a category tax plans (second table) have fared as well as the equitydiversified funds (top table).With the top-performing tax planning fund giving 50% returns over the past 5 years. That makes these funds a good bet to get the twin benefits of tax deductions and relatively safe and high returns.

Equity Diversified

Equity Diversified

Equity Tax Planning

Equity Tax Planning

Mid-caps as a category are on a roll benefiting with top 5 funds posting almost 50% returns in the past one year. Reliance Growth is the most expensive fund in terms of NAV in the mid-cap space.Anyone looking for a child plan should take cue from Principal child benefit plan in the balanced fund category.

Equity Mid-cap

Equity Mid-cap

Balanced Equity

Balanced Equity

Debt and MIP funds (first and second tables) category have had almost identical performance in the past one year. Relatively low returns indicate the fading popularity of these schemes in a rising market.The 3-year category average return on MIPs is just about as much as 1-year return on FD

Ulips Equity Option

Ulips Equity Option

Balanced Debt

Balanced Debt

Monthly Income Plans

Monthly Income Plans

A mixed performance by fund of fund schemes, which are fast finding favour among investors. Returns on infrastructure funds (bottom table) as a category have been even higher than that from equity-diversified category— pointing to benefits from targeted diversification that sector funds offer.

Fund of Funds

Fund of Funds

Infrastructure Fund

Infrastructure Fund

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