Jan 05, 2016 03:07 PM
13009 Views
I am totally Disappointed with Sundaram Tax saver mutual fund.
I had bought this fund in Oct 2010 based on their fund advisers recommendation for tax saving purpose.
In the same period I had invested in other tax saving funds like Axis long term equity, Birla sun life -96 .
Over the past 5 years I have continued SIP with them, but the returns are poor compared to other mutual funds.
The returns are less than 7% & their fun star ratings have also dropped to two star as per value research.
I would not recommend this ELSS for tax saving purpose as the performance is poor.
I have stopped my SIP last December & will withdraw money asap.
They even don't have online transaction system like big fund houses without filling any forms & giving declarations.
