Tax saving mutual fund with highest exposure to banking/ pharma sector

POSTED BY swarup ON May 10, 2013 4:19 pm COMMENTS (6)

Which Tax saving mutual fund has highest expousure to banking/pharma sector?

6 replies on this article “Tax saving mutual fund with highest exposure to banking/ pharma sector”

  1. Dear Swarup, don’t you feel, you are making the simple thing unneccessarily complex? Generating return is the responsability of the fund manager & as per his/her understanding of the things, the corective actions ‘ll be taken. Actually opposite may also happen. You invest in fund Y which is not having the exposure you want as on date but after few months, the fund manager makes favorable call & starts increasing the exposure.

    Thanks

    Ashal

  2. Dear Swarup, let’s assume fund X is having the exposuyre you are demanding as of now. Now after few months, the fund manager takes the opposite call & start reducing the exposure. what ‘l you do in this situation as your investment is locked being in Tax saver fund for 3Y?

    Please clarify.

    Thanks

    Ashal

    1. swarup says:

      Dear Ashal,

      So in that case mutual fund investment of my choice and tax saving cannot be combined.

  3. Nagarajan Santhan says:

    Dear Swarp

    As per my view, allocation of sector might changed in long run. Hope others will give more information.

    Below few funds listed with exposure of banking /phama sector for your ref.

    HDFC Tax Saver -> Banking/Finance 24.21 Pharmaceuticals 8.37
    Franklin India Tax Shield -> Banking/Finance 20.30 Pharmaceuticals 11.63
    Canara Robeco Equity Tax Saver -> Banking/Finance 27.14 Pharmaceuticals 8.01
    Axis Long Term Equity Fund -> Banking/Finance 29.12 Pharmaceuticals 10.44

    Regards
    Nagarajan Santhan

  4. don’t know about highest:
    Sundaram Tax saver has a good 30% plus in ‘financial’
    Healthcare: seems less than or close to 10% exposure is found in many funds.

    Curious to know why you ask?

    1. swarup says:

      I feel banking and pharma sectors will perform better in future, so I want to invest in those sectors. At the same time I want to save tax. Thats why

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