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Standard Chartered Tax Saver

This ELSS aims to generate long-term capital growth from a diversified portfolio of predominantly equity and equity-related securities. Fund manager Kenneth Andrade has been with the fund house for a year now, managing fixed maturity plans. Before this he was with Kotak Mutual, where he managed Kotak Tech, MNC, Global India, Equity FoF, Mid-cap and Dynamic FoF. The performance of the funds managed by him at Kotak ranged from below average to average. (Closes on Feb 23)

LICMF India Vision Fund

The fund aims to identify undervalued small and mid-cap stocks. It defines shares with a market capitalisation of less than Rs 250 crore as small-caps and those between Rs 250 crore and Rs 750 crore as mid-caps. It will become an open-ended scheme after three years.

Fund manager Bichitra Mahapatrahas managed two debt-oriented funds, and a balanced fund. The MIP, managed by her over the past two years, has emerged as a leader during this period. (Closes on Dec 22)

SBI One India Fund

SBI One India Fund is an equity diversified fund with a twist. The allocation, as a percentage of equity assets, will be region-specific ranging between 15 and 55 per cent and will be free of any market capitalisation bias.

The fund defines a region as a group of states and Union Territories. Companies of a region will refer to those that either have their headquarters, major manufacturing facilities, or revenue generating activities from that region. (Closes on Dec 22)

Can Multicap

Being a multi-cap fund, Can Multicap will not have any preference for a specific market cap. Canbank Mutual Fund hasn't had much success with equity funds; its performance is more visible in the debt category. Canbalance II has been a success story, posting a 32 per cent return over the last financial year as against the category's 24 per cent. (Closes on Jan 4)
Source: Value Research