{"id":851,"date":"2012-11-28T06:18:15","date_gmt":"2012-11-28T06:18:15","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=851"},"modified":"2013-04-08T16:39:26","modified_gmt":"2013-04-08T11:09:26","slug":"fundsindia-recommendsreligare-tax-plan-invest","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851","title":{"rendered":"FundsIndia Recommends: Religare Tax Plan: Invest"},"content":{"rendered":"

Well-placed to gain from a recovery<\/strong><\/p>\n

If you are looking to avail tax deductions and are willing to hold some mid-cap stocks in your portfolio, then\u00a0Religare Tax Plan<\/a>\u00a0will fit your bill. The fund\u2019s return of 9.3 per cent annually over the last three years may seem lack luster but that is a good six percentage points over its benchmark BSE 100.<\/div>\n
<\/div>\n

Why invest?<\/strong><\/p>\n

\n

The fund\u2019s ability to limit volatility, despite holding as much as half of its assets in mid caps inspires confidence. In the 2006-07 rally, tax-saving funds that held high exposure to mid caps bore the brunt of market correction. A number of them shifted their focus to large caps after that. But\u00a0Religare Tax Plan<\/a>\u00a0has chosen to hold a good proportion of mid-cap stocks. It in fact has a higher allocation to this market-cap segment compared with its aggressive peer ICICI Pru Tax Plan.<\/p>\n

We believe its ability to contain declines and yet, hold a quality portfolio of mid-cap stocks with healthy exposure to large-caps, will ensure the fund benefits from a rally. While such a rally may not happen anytime soon, the pockets of value in the mid-cap segment are likely to ensure that the returns are magnified when a re-rating happens.<\/p>\n

Suitability<\/strong><\/p>\n

Religare Tax Plan<\/a>\u00a0is suitable for investors with some risk appetite. For those looking for pure large-cap plays, Franklin India Tax Shied may be a better scheme to go for. It is noteworthy that the fund will be subject to a three-year lock-in, given its tax-saving benefit under Section 80C. If you go for the SIP option, every installment will be subject to a similar lock-in. To avoid this, if you wish to invest lump sums, consider investing in 2-3 installments \u2013 either when you have surplus or when you see a broad market correction of over 5 per cent.<\/p>\n

Consider holding a tax-saving fund in addition to traditional small saving schemes with tax benefits. This will provide a good hedge for the risks in equity.<\/p>\n

Performance<\/strong><\/p>\n<\/div>\n

\"\"<\/a><\/div>\n
Religare Tax Plan<\/a>\u00a0fares in the top three in the performance chart of tax-saving funds over a five-year period. Although returns are in single digits as a result of a high base five years ago (November 2007), it is still better than the average return of diversified equity funds as well the negative returns of key indices over this period. The fund also boasts of consistent performance, beating its benchmark 90 per cent of the times in the last three years, on a rolling return basis.Its consistency is also proved by its limited deviation from its mean returns, compared with ICICI Pru Tax Plan and HDFC TaxSaver. Its average one-year returns (rolling three-year period) at 22 per cent also suggests that it delivers high returns irrespective of point of entry. Its ability to contain declines was proved both in 2008 and 2011.Portfolio<\/strong><\/div>\n
\"\"<\/a><\/div>\n
Religare Tax Plan<\/a>\u00a0appears to be slowly building a portfolio of cyclical value-cum-growth stocks, from a more defensive stock up in end-2011. For instance, it has increased exposure to banking and financial sectors and cut down on software stocks. While FMCG continues to be in the top three sector holdings, it has pruned exposure to this space.All this augurs well with our theory that the fund is preparing grounds for gaining in a rally, albeit nothing visible in the near term. While the usual large-cap suspects of ITC, Lupin, HDFC Bank and TCS are present in the portfolio, there are also quite a few premium mid-cap picks such as VA Tech Wabag, Gujarat Pipavav Port and Bajaj Corp. Other mid-caps such as Kalpataru Power & Transmission, Tecpro Systems and Redington (India) Ltd., though, offer value.The fund is managed by Vetri Subramaniam.To know how to read our weekly fund reviews, please click here!<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Well-placed to gain from a recovery If you are looking to avail tax deductions and are willing to hold some mid-cap stocks in your portfolio, then\u00a0Religare Tax Plan\u00a0will fit your bill. The fund\u2019s return of 9.3 per cent annually over the last three years may seem lack luster but that is a good six percentage […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[61,6,72],"tags":[],"yoast_head":"\nFundsIndia Recommends: Religare Tax Plan<\/title>\n<meta name=\"description\" content=\"If you are looking to avail tax deductions and are willing to hold some mid-cap stocks in your portfolio, then Religare Tax Plan will fit your bill.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FundsIndia Recommends: Religare Tax Plan\" \/>\n<meta property=\"og:description\" content=\"If you are looking to avail tax deductions and are willing to hold some mid-cap stocks in your portfolio, then Religare Tax Plan will fit your bill.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2012-11-28T06:18:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2013-04-08T11:09:26+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/gallery.mailchimp.com\/ac10b24d60fb3892e100393e1\/images\/1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vidya Bala\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"http:\/\/gallery.mailchimp.com\/ac10b24d60fb3892e100393e1\/images\/1.jpg\",\"contentUrl\":\"http:\/\/gallery.mailchimp.com\/ac10b24d60fb3892e100393e1\/images\/1.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#webpage\",\"url\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851\",\"name\":\"FundsIndia Recommends: Religare Tax Plan\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#primaryimage\"},\"datePublished\":\"2012-11-28T06:18:15+00:00\",\"dateModified\":\"2013-04-08T11:09:26+00:00\",\"description\":\"If you are looking to avail tax deductions and are willing to hold some mid-cap stocks in your portfolio, then Religare Tax Plan will fit your bill.\",\"breadcrumb\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"FundsIndia Recommends: Religare Tax Plan: Invest\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#article\",\"isPartOf\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#webpage\"},\"author\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f\"},\"headline\":\"FundsIndia Recommends: Religare Tax Plan: Invest\",\"datePublished\":\"2012-11-28T06:18:15+00:00\",\"dateModified\":\"2013-04-08T11:09:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#webpage\"},\"wordCount\":635,\"commentCount\":24,\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#primaryimage\"},\"thumbnailUrl\":\"http:\/\/gallery.mailchimp.com\/ac10b24d60fb3892e100393e1\/images\/1.jpg\",\"articleSection\":[\"Fund advice\",\"Mutual funds\",\"Recommendations\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f\",\"name\":\"Vidya Bala\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g\",\"caption\":\"Vidya Bala\"},\"description\":\"Vidya Bala was the Head of Mutual Fund Research at FundsIndia\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/author\/vidya\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FundsIndia Recommends: Religare Tax Plan","description":"If you are looking to avail tax deductions and are willing to hold some mid-cap stocks in your portfolio, then Religare Tax Plan will fit your bill.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851","og_locale":"en_US","og_type":"article","og_title":"FundsIndia Recommends: Religare Tax Plan","og_description":"If you are looking to avail tax deductions and are willing to hold some mid-cap stocks in your portfolio, then Religare Tax Plan will fit your bill.","og_url":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851","og_site_name":"Insights","article_publisher":"https:\/\/www.facebook.com\/fundsindia","article_published_time":"2012-11-28T06:18:15+00:00","article_modified_time":"2013-04-08T11:09:26+00:00","og_image":[{"url":"http:\/\/gallery.mailchimp.com\/ac10b24d60fb3892e100393e1\/images\/1.jpg"}],"twitter_misc":{"Written by":"Vidya Bala","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.fundsindia.com\/blog\/#organization","name":"Wealth India Financial Services","url":"https:\/\/www.fundsindia.com\/blog\/","sameAs":["https:\/\/www.facebook.com\/fundsindia"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","width":189,"height":200,"caption":"Wealth India Financial Services"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.fundsindia.com\/blog\/#website","url":"https:\/\/www.fundsindia.com\/blog\/","name":"Insights","description":"Official blog of FundsIndia.com","publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#primaryimage","inLanguage":"en-US","url":"http:\/\/gallery.mailchimp.com\/ac10b24d60fb3892e100393e1\/images\/1.jpg","contentUrl":"http:\/\/gallery.mailchimp.com\/ac10b24d60fb3892e100393e1\/images\/1.jpg"},{"@type":"WebPage","@id":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#webpage","url":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851","name":"FundsIndia Recommends: Religare Tax Plan","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#primaryimage"},"datePublished":"2012-11-28T06:18:15+00:00","dateModified":"2013-04-08T11:09:26+00:00","description":"If you are looking to avail tax deductions and are willing to hold some mid-cap stocks in your portfolio, then Religare Tax Plan will fit your bill.","breadcrumb":{"@id":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fundsindia.com\/blog"},{"@type":"ListItem","position":2,"name":"FundsIndia Recommends: Religare Tax Plan: Invest"}]},{"@type":"Article","@id":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#article","isPartOf":{"@id":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#webpage"},"author":{"@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f"},"headline":"FundsIndia Recommends: Religare Tax Plan: Invest","datePublished":"2012-11-28T06:18:15+00:00","dateModified":"2013-04-08T11:09:26+00:00","mainEntityOfPage":{"@id":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#webpage"},"wordCount":635,"commentCount":24,"publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"image":{"@id":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#primaryimage"},"thumbnailUrl":"http:\/\/gallery.mailchimp.com\/ac10b24d60fb3892e100393e1\/images\/1.jpg","articleSection":["Fund advice","Mutual funds","Recommendations"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/fundsindia-recommendsreligare-tax-plan-invest\/851#respond"]}]},{"@type":"Person","@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f","name":"Vidya Bala","image":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g","caption":"Vidya Bala"},"description":"Vidya Bala was the Head of Mutual Fund Research at FundsIndia","url":"https:\/\/www.fundsindia.com\/blog\/author\/vidya"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/851"}],"collection":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/comments?post=851"}],"version-history":[{"count":7,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/851\/revisions"}],"predecessor-version":[{"id":931,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/851\/revisions\/931"}],"wp:attachment":[{"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/media?parent=851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/categories?post=851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fundsindia.com\/blog\/wp-json\/wp\/v2\/tags?post=851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}