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Let us take a look on the top 5 tax saving funds worth investing for purpose of claiming tax benefit under Sec. 80C of Income tax Act. Franklin India is a new entrant in our Top 5 pipping Sundaram BNP on account of excellent Risk Rating.The fund has above 35,000 crore Avg. Mkt. capitalization and equity exposure is more than 97% of the assets explains Sachin Karpe. Birla Equity offers excellent returns from all parameters, but standard deviation of 24.42 , this growth comes with comparatively high risk. The fund has 9394 crore of AMC with high exposure in Engineering, Services and Financial service sectors.
Sachin Karpe has few advices to give after you have decided to invest on mutual funds Firstly, when buying an investment one should take care that it matches your objective of investing in mutual funds and not simply picking up last year’s best performing funds. One should know about the set of expenses that come with an investment and calculate the expected return and even ensure that your funds are efficient and does not impose unreasonable charges. We should also evaluate long term performances of the investment and see the average rate of return and compare it with other similar funds in market.
