Investors who believe in the long-term growth story of Corporate India can consider investing in multi-cap scheme DSP BlackRock Opportunities. It has distinguished itself as a consistent performer in the one-and-a-half decades of its existence.
The scheme’s fund manager Rohit Singhania follows a bottom-up approach in selecting stocks which are expected to demonstrate high earnings’ growth in the next two-and-a-half years. In choosing stocks, he looks at a long history of valuations -preferably ten years. After comparing a stock’s current valuation with respect to its historical valuation and also its peers’, Singhania takes into account various return ratios – return on equity, return capital employed -and cash flow to arrive at a investment decision.
This strategy has paid off as the scheme has consistently beaten its benchmark Nifty 500. In the past three-year and five-year periods, the scheme has given 23.5% and 19.5% returns, respectively, while it 23.5% and 19.5% returns, respectively, while benchmark Nifty 500 has given 15.2% and 13.6 % returns in the same period, respectively. At present, Singhania is bullish on companies which belong to materials and industrials sectors.
In these sectors, Singhania prefers companies which have completed their capital expenditure, gained market share despite rise in valuation, decent order book and relatively better balance sheet (debt to equity ratio in the range of 1-1.25).These companies are L&T, Maruti Suzuki and Hindalco.
Invest Rs 1,50,000 and Save Tax upto Rs 46,350 under Section 80C. Get Great Returns by Investing in Best Performing ELSS Funds
Top 10 Tax Saver Mutual Funds for 2018
Best 10 ELSS Mutual Funds to invest in India for 2018
1. DSP BlackRock Tax Saver Fund
2. Invesco India Tax Plan
3. Tata India Tax Savings Fund
4. ICICI Prudential Long Term Equity Fund
5. Birla Sun Life Tax Relief 96
6. Franklin India TaxShield
7. Reliance Tax Saver (ELSS) Fund
8. BNP Paribas Long Term Equity Fund
9. Axis Tax Saver Fund
10. Birla Sun Life Tax Plan
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