Budget 2013 has little to cheer for fund investors

While the finance minister opened up the tax-saving scheme to a wider audience by increasing the income limit, the increase in dividend distribution tax on debt fund investments was a dampener.

Budget announcements will have an impact on various sectors. While the respective sectoral funds will be obviously affected, the impact on equity diversified mutual funds will depend on their holding in those sectors.

Here are the top five equity diversified funds with the maximum holding in these sectors. We have restricted the selection to funds with assets under management of over Rs 1,000 crore.


(Data as on Jan 31, 2013. Funds sorted according to their holdings. Only funds with AUM of more than Rs 1,000 crore considered)
(SOURCE: NAV INDIA)