Launched in 2003, the fund has been a regular outperformer to its category average and the benchmark. The largecap tilt of the fund makes it less vulnerable to severe downfall in the overall market. The 5 year performance of 18% compared to 12.5% by the category average shows the capability of the fund to emerge as a winner in long run making the fund a good choice for low risk long term investors.

The fund invests in stocks of top 100 companies in India. The performance of the fund makes it a compelling option for being part of every portfolio. The fund has delivered 32% since inception (Feb,2003) and around 18% in last 5 years. The portfolio management is backed by the belief of not chasing returns instead, focus on managing risk.

The fund’s disciplined approach rewards investors who invest and stay invested for long term (>18% in last 5 years). The very average performances during the heady days of a bull run may disappoint, but its long-term returns put it ahead of the category average. What you can expect is a diversified portfolio, low individual stock bets and no undue risks with a clear focus on bottom-up stock picking and comfort in valuations. The fund suits a typical long term investor who remains invested despite of the pertaining market cycle (bull or bear).

This diversified fund invests purely in large cap companies promising return better than the benchmark while mantaining lower risk. The fund has generated >25% return since inception (Nov,1993) and >16% in the last 5 years. The fund has consistently been among the top 10 large cap funds courtesy the bottom up investment approach of the fund manager. We recommend a buy on this fund for investors looking for steady performance.

The fund invests in stocks of top 200 companies in India by market capitalization. The fund has been a solid performer since inception (24.8%, Sep,1996) and has been a treat for every investor's overall portfolio. The fund manager sticks to his conviction and plays safe when it comes to momentum calls. HDFC Top 200 in a sense has become a generic for diversified largecap category and its credentials prove it to be a part of every portfolio.

The fund's investment strategy is to invest in 20 large cap companies from the top 200 stocks listed on the NSE on the basis of market capitalisation. In case, the total assets in this fund crosses Rs.1000 crore then more than top 20 large companies would be added to the portfolio. Currently, the funds AUM stands at 2500 Cr, and the portfolio comprises of 95% largecaps. The pure bluechip funds has shown good performance with a 3 year return of >22% annualized. The fund suits a long term investor focused on investing in largecaps only.

Launched in 1998, the scheme seeks capital appreciation, through investments in equities. The fund portfolio as the name suggest generally comprise of around 50 companies which may go upto 59 companies. The fund has been an inline performer with outperformance lately. Its a large cap fund with low risk & high return inclination. We recommend a buy on this fund for steady returns.

The fund launched in 2008, focuses on Nifty 50 stocks for its porfolio selection. Since it’s a quant fund, it is not fund manager discretion that eventually leads to portfolio construction. The quant model shortlists around 15-20 stocks which belong to the Nifty. These stocks are thrown up by a mathematical model which looks at the four broad parameters of valuations (1-year Forward Earnings, Book Value, Price Earnings Growth), earnings (earnings momentum, growth, recommendation change), price (Relative Strength Index, price momentum, overbought, oversold) and quantity (Return on Equity, market capitalisation, liquidity, volatility). Its basic aim is to outperform the Nifty in all market conditions which it has delivered exceedingly well. The fund generated 25% return in 2010 and was the one of the best performing fund.

Magnum Equity was earlier known as Magnum Multiplier Plus 90. The scheme seeks capital appreciation through investments in diversified portfolio of equities of high growth companies. The scheme was launched in 1990 and made open-ended in January 1998. The returns have been above the category average consistently, the 5/3 year returns have been 16%/17% resp. We recommend a buy on this fund.

The focus of the scheme is to capitalize on opportunities arising in the market by responding to the dynamically changing Indian economy by moving its investments amongst different sectors as prevailing trends change. Launched in 2005, the fund has been successfully investing in attractive looking sectors and exiting sectors with negative fundamentals, helping the fund deliver >21% annualized in these last 3 years. The fund carries low risk and delivered high returns for its investors.

Launched in 1995, Birla Sun Life 95 has been a long-term performer for the past 14 years, underperforming peers only thrice during this period. The fund has delivered 17% in last 5 years and 23.7% annualized return since launch. The fund has show aggression whenever necessary. An investor willing to take moderate risk for high returns shall consider allocating part of his investment in this fund.

On the Fixed Income side, the fund takes no risk and invests in high quality papers. On the Equity Side, the approach over the years have been more of a bottom-up stock picking. The fund managers call to stick to the Consumption theme in 2009 paid gracefully. The fund has been a clear outperformer without compromising on the quality of investment calls it make. This is one stable performer with an annualised return of 13 per cent in last 5 years (category average: 12%) & suits a conservative investor.

Launched in 2000, the fund invests in a mix of debt and equity with the current allocation (equity:debt) at 70:30. The fund has been a consistent outperformer to its category and has been among the top 5 funds in its category for the last 3 years. The fund's portfolio is to an extent distributed equally among all major sectors making the fund not depend on a particular sector performance. The fund carries low risk in its category with above average returns and suits an investor seeking growth as well as capital protection to an extent of 30%.

Launched in 2005, similar to the RSF Equity fund, this Balanced fund also gained popularity, courtesy its resilience during market crash and decent performance at market run-ups. The portfolio is well balanced with quality names at the equity front and quality papers at the debt side. The fund has generated annualised return of 15.4% in last 5 years and 21% in last 3 years. We recommend a buy on this fund for a conservative portfolio yet moderate to high returns.

The scheme seeks steady returns from debt along with growth from equities instruments. The likely equity to debt investment ratio is 70 to 30. The fund was launched in 1995 and in its 15 years of existence, it has generated >16% annualized return since inception and 17.8%, 15.7% annualized being delivered in last 3 and 5 years resp. The fund has been a consistent one with inline to outperformace over its category average. The fund comes with a very well diversified and balanced portfolio promising stable and consistent returns to its investors.

Infrastructure as a sector is going to do well but one has to appreciate that it's a long-term story. The AUM of the fund is very small (140 Cr). Despite the agility that a small fund offers, this one opts for a large-cap bent, refrains from frequent churning and tilts towards a buy-and-hold approach. Launched in 2005, the fund has generated 15% annualized in last 5 years and is a buy for long term.

The scheme aims to generate capital appreciation by investing in companies engaged either directly or indirectly in infrastructure related activities. Franklin Build India is a recent entry into the infrastructure funds category but, the quality of the portfolio it holds and the performance since 2009 has been no less than extraordinary. This was one of the best infra funds as per performance in 2009. The portfolio is packed with quality infra related companies and holds promise to create wealth for its patient investors.

Launched in 2005, it showed promise the very next year followed by a great back-to-back performance. To trounce the competition in 2007 and restrict its fall in 2008 is an extraordinary feat, that this fund has achieved. The scheme aims to invest in equity/equity related securities of the companies belonging to infrastructure development and the balance in debt securities and money market instruments including call money. The fund avoid sectors where valuations are euphoric and have run ahead of fundamentals which is very much evident in the current portfolio holdings. We recommend to add this fund (an SIP would be better) for the Infra story to unfold in the real sense in India.

The scheme, earlier known as Canpep '93 seeks capital appreciation via investments in Equity and offers Tax Saving under 80C section. The fund manager normally invests with a long-term investment horizon and invests and sells few stocks in the portfolio, using a target price exit strategy.The fund is well diversified with 52 stocks in its portfolio that makes it stable. It is one of the best performing fund in its category yielding 25%, 21% annualized for last 3 and 5 years resp.

Launched in 2006, this ELSS follows a go anywhere strategy with no market-cap, sector and style bias. However, on close analysis, there is a large-cap bias in the portfolio.The fund largely follows a buy and hold strategy with seven stocks, Larsen & Toubro, Reliance Industries, BHEL, HDFC Bank, ICICI Bank, SBI and Infosys Technologies finding a place in the portfolio since inception. The large-cap tilt and higher allocation to the financial services sector makes the fund sturdy. In the last 3 and 5 years the fund has delivered 20.7% and 18.1% annualized. Fidelity Tax Advantage is one of the superior ELSS in market.

The scheme seeks medium to long term growth of capital, with income tax rebate. The fund was launched in 1999 and has delivered around 15%, 19% annualized returns over the five/three year period. The fund ranks among the top performers more often than not year after year. We recommend a buy on this fund for Tax Saving cum Wealth Accumulation purpose.

It has been 15 years for HDFC Taxsaver with a solid performance of 33% annualized since inception and 15% , 23.5% annualized return in last 5/ 3 years resp. The porfolio comprises of Financials, Energy, Engineering, Healthcare and Technology as major sectors with prominent exposures accounting to 60% of portfolio. The consistency of the fund makes it a compelling inclusion for Tax Saving in a portfolio.

Launched in 2005, Reliance Tax Saver has consistently beaten the category average in terms of performance. Over the last three period, the fund has delivered 20.7% annualized return. Financials, Engineering, Automobile & Energy form around 60% of the portfolio. The fund is more skewed towards Midcaps, hence bears moderate risk and suits a more high risk high return type of investor.