With around 47 per cent returns in the last year, BOI AXA Tax Advantage Fund tops the performance chart in the Equity Linked Savings Scheme (ELSS) category. ET.com Mutual Funds spoke to Saurabh Kataria, fund manager of the scheme to find out how he managed to achieve the feat.
BOI AXA Tax Advantage Fund is more than 10 per cent points ahead of many reputed peers in the category. What made this possible?
I have been managing this fund for about four years now and we have been following a two-step investment process - a combination of top-down to identify the best sector and bottom-up to find the best companies to invest within those sectors. It's a fairly simple strategy to identify companies in a secular uptrend.
