The total investment in Satyam Computers by 95 equity mutual funds was Rs 681.65 crore (as on December 31, 2008).
- HDFC Mutual Fund is one of the largest Satyam stock holders. Its three schemes - HDFC Equity, HDFC Top 200 and HDFC Growth - have a combined investment of about Rs 134 crore.
- Franklin Infotech Fund has the highest exposure to Satyam in terms of percentage of its AUM. The share is approximately 11%.
- Almost all the big fund houses have invested in Satyam. Sundaram BNP Paribas also has three schemes among the top 10 funds with the highest exposure. Their combined investment is about Rs 61 crore, with the Equity Multiplier Fund having the highest exposure of its AUM at 4.14%.
- Despite losing over half of their values in the past year, the top five tax plans have outperformed their benchmark indices.
- The HDFC Tax Saver Fund's fiveyear annualised growth rate is twice that of the Sensex. It also has one of the largest AUMs worth Rs 982 crore.
- The average five-year returns delivered by tax-saving funds are higher than those offered by taxsaving bank fixed deposits.
- Though both the tax plans from Principal have given decent fiveyear returns, their returns over the past year have been below average.
The takeaway:
The tax planning season has begun and currently four schemes are open for fresh subscription. However, during such turbulent times investors should be cautious while going in for a new fund. It will be better if they invest in a scheme that has delivered credible returns over the past few years.
