Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 51
1D
Inception Returns
17.9%
/yr
Tata ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 13 October, 2014. The fund is managed by . The fund could potentially beat inflation in the long-run.
Tata ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.40%, 19.44% and 22.59% respectively.
Tata ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Basic Materials, Tech, Energy, Communication, Utilities, Health, Real Estate, Consumer Defensive. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Infosys Ltd, Reliance Industries Ltd, State Bank of India
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Tata ELSS Tax Saver Fund Direct Growth of 3 Years
Expense ratio | 0.69% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹4722 Cr |
Inception Date | 13 October, 2014 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 10.51% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Industrial & Consumer Cyclical
Tata ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.27% | 6.27% |
6 Month Returns | 19.77% | 19.77% |
1 Year Returns | 35.4% | 35.4% |
3 Years Returns | 70.39% | 19.44% |
5 Years Returns | 176.85% | 22.59% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata ELSS Tax Saver Fund Direct Growth | -3.03 | 1.72 | 0.43 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Tata ELSS Tax Saver Fund Direct Growth | 1.04 | 0.97 | 0.97 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Tata ELSS Tax Saver Fund Direct Growth | 2.27 | 1.07 | 0.93 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Tata ELSS Tax Saver Fund Direct Growth | 11.97 | 13.07 | 18.48 |