HDFC TAX SAVER fund's return profile has improved since last year after a stretch of patchy performance pulled down its otherwise healthy long-term track record. The fund manager pre fers to take large positions in his top bets, despite having a heavily diversified portfolio.
Typical to the fund house's investing style, this HDFC TAX SAVER fund continues to back its high-conviction stock and sectoral bets--only recently has this yielded some result. The fund's portfolio is tilted towards large-caps as compared to many of its peers.
HDFC TAX SAVER fund risk-reward profile is below average and exhibits higher volatility in returns.Investors may want to wait for sustained improvement in the fund's performance.
There are other funds with a consistent and proven track record.
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