This fund is not for the faint hearted and seeks investors to have some risk appetite, considering its multi-cap approach to investing. Tata India Tax Savings Scheme, known as Tata Long-term Equity fund until December 2015, is one such fund that has delivered on many of these parameters. The fund’s performance was not good between 2008 and 2010 when it barely managed to beat the benchmark, but since then it has made amends and has fared well.