i) Equity and equity related instruments with minimum of 80 % weightage.
ii) Debt securities, money market instruments (including cash/call money) with maximum of 20 %.
Team of 2 fund managers is looking after HDFC tax saver scheme, Mr. vinay kulkarni is managing the fund since last 4 years along with Mr. Anand Laddha.
Overall holdings of scheme as on 30th nov is listed below. Looking at top 10 stocks holding, scheme exposure in banking sector holds maximum with NAV weightage of 14.73 % followed by pharmaceuticals, IT and construction.
HDFC Tax Saver is enjoying either 4 star or 5 star value research rating from last 5 years.
Scheme last one year absolute returns is 104.6%. HDFC Tax Saver scheme ranking in ELSS category is 7th for last one year, 2nd for last 2 years and 4th for last 5 years.
We believe in future also HDFC Tax Saver will outperform its benchmark index and yield maximum returns. Looking at long term prospective, we recommend buy for HDFC Tax Saver in ELSS category.