Tata ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-11-2024
₹ 49.29
1D
Inception Returns
16.9%
/yr
About Tata ELSS Tax Saver Fund Direct Growth
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.
Key Parameters
- Tata ELSS Tax Saver Fund Direct Growth has ₹4680 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
Tata ELSS Tax Saver Fund Direct Growth has given a CAGR return of 16.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 27.78%, 15.70% and 19.00% respectively.
Holdings
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
Taxation
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.
Investment objective of Tata ELSS Tax Saver Fund Direct Growth
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 and lockin period
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
Historical NAV & Returns
Annualised
▲
▼
4933 people have invested ₹ 1.3Cr in Tata ELSS Tax Saver Fund Direct Growth in the last three months
INDmoney Rank for Tata ELSS Tax Saver Fund Direct Growth
Powered by IND quant engine
11
/23
44% Performance
46% Risk Management
69% Cost
11 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Tata ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.7% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹4680 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 |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
57.3%
Small cap
27%
Mid cap
11.5%
Sector Allocation
Financial Services
30.7%
Consumer Cyclical
16.7%
Industrial
14.6%
Basic Materials
7.8%
Tech
7.4%
Energy
5.4%
Communication
5.2%
Utilities
3.9%
Health
3.3%
Real Estate
3%
Consumer Defensive
1.8%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -4.75% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.77% in Oct'24
- AUM of the fund stands at 4.9K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 5.49% to 5.87%
State Bank of India's allocation increased from 3.48% to 3.81%
HDFC Bank Ltd's allocation increased from 6.07% to 6.4%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 4.42 % to 4.36 %
Reliance Industries Ltd's allocation decreased from 4.05 % to 3.84 %
Bharti Airtel Ltd's allocation decreased from 3.26 % to 3.24 %
Large Cap allocation has gone down from 57.7% to 57.3%
Small Cap allocation has gone down from 27.6% to 27%
Mid Cap allocation has gone down from 12.2% to 11.5%
Cash allocation has gone up from 2% to 3.7%
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Industrial
Oct'24
Financial Services
31%
Consumer Cyclical
17%
Industrial
15%
Sep'24
Financial Services
30%
Consumer Cyclical
17%
Industrial
15%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.4% | 0% | |
 ICICI Bank Ltd | 5.87% | 0% | |
 Infosys Ltd | 4.36% | 0% | |
 Reliance Industries Ltd | 3.84% | 0% | |
 State Bank of India | 3.81% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Ami Organics Ltd | 28.6% |
 Radico Khaitan Ltd | 2.8% |
 UTI Asset Management Company Ltd | 0.6% |
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Fund House
Tata Asset Management Limited
Total Schemes
Total AUM
₹1.87L Cr
as on 31-Oct-2024
Address
Tata Asset Management Private Limited,Mafatlal Centre, 9th Floor,,Nariman Point,,India
Phone
+912266578282
Website
kiran@tataamc.com
Mutual Fund Insights
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.77% return, outperforming this fund by 9.07% per annum.
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.7% which is lower than the category average expense ratio of 1.29%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.42% return, outperforming this fund by 12.42% per annum.
Over the last 1 year, this fund has decreased expense ratio by 6.7% moving from 0.75 to 0.70.
Over the last 1 month, this fund has experienced a 5.0% drop in AUM moving from 4.92K Cr to 4.68K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.68% return, outperforming this fund by 23.9%.
Tata ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.89% since inception which is more than its category average return of 15.51%
Fund Allocations
This fund has an allocation of 96.31% in Equity, 0% in Debt and 3.69% in Cash related instruments
AUM size ₹4680 Cr
This fund has AUM of ₹4680 Cr which is more than its category average of ₹ 3983 Cr
Expense Ratio 0.7%
This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for Tata ELSS Tax Saver Fund Direct Growth
The current NAV of Tata ELSS Tax Saver Fund Direct Growth is ₹49.29 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Tata ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.33% | -5.33% |
6 Month Returns | 9.48% | 9.48% |
1 Year Returns | 27.78% | 27.78% |
3 Years Returns | 54.88% | 15.7% |
5 Years Returns | 138.61% | 19% |
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0.7% as on October 2024
₹4680 Cr as on October 2024
HDFC Bank Ltd(6.4%), ICICI Bank Ltd(5.87%), Infosys Ltd(4.36%), Reliance Industries Ltd(3.84%), State Bank of India(3.81%) as on October 2024
Financial Services(29.61%), Consumer Cyclical(16.1%), Industrial(14.02%) as on October 2024
The alpha ratio for the Tata ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata ELSS Tax Saver Fund Direct Growth | 3.6 | 2 | 0.81 |
As on October 2024
The alpha for Tata ELSS Tax Saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Tata ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Tata ELSS Tax Saver Fund Direct Growth | 0.93 | 0.96 | 0.96 |
As on October 2024
The Beta for Tata ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Tata ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Tata ELSS Tax Saver Fund Direct Growth | 2.1 | 0.84 | 0.81 |
As on October 2024
The sharpe ratio for Tata ELSS Tax Saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Tata ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Tata ELSS Tax Saver Fund Direct Growth | 12.9 | 13.55 | 18.65 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.55 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.55 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Tata ELSS Tax Saver Fund Direct Growth is 0%