Tata ELSS Tax Saver Fund Direct Growth

Tata ELSS Tax Saver Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 23-12-2024

₹ 50.12

-1.8%

1D

Inception Returns

17.1%

/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 Sailesh Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Tata ELSS Tax Saver Fund Direct Growth has ₹4663 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Tata ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.10% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 23.49%, 19.57% and 19.31% respectively.

Holdings

Tata ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Basic Materials, 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 benefit
Dividends 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

zero opening, trading, fund transfer fee
4839 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
14
/23
45% Performance
47% Risk Management
85% Cost
14 out of 23 among elss (tax savings)
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

Tata ELSS Tax Saver Fund Direct Growth Overview

Expense ratio0.7%
Benchmark
S&P BSE 200 India TR INR
AUM₹4663 Cr
Inception Date13 October, 2014
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
10.51%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (23-Dec-24)

Period
Tata ELSS Tax Saver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
2.6%
0.8%
2%
3M
-5.6%
-8.1%
-6.1%
6M
4.9%
0.8%
2.4%
1Y
23.5%
17.6%
23.2%
3Y
19.6%
15%
18.3%
5Y
19.3%
17.8%
19.4%

Fund Distribution

as on (30-Nov-24)

  • Equity 95.6%

  • Debt & Cash 4.4%

Large cap
57.2%

Small cap
26.1%

Mid cap
11.9%

Sector Allocation

Nov'24

Oct'24

Sep'24

Financial Services
31.4%
Consumer Cyclical
16.3%
Industrial
15.1%
Tech
7.9%
Basic Materials
7.6%
Energy
5.3%
Communication
4.7%
Utilities
3.5%
Health
3.3%
Real Estate
3%
Consumer Defensive
1.9%
All changes are between Sep'24 and Nov'24
Nov'24
Oct'24
Sep'24
Fund Returns
-0.23%
-4.75%
2.82%
Nifty 500
-0.60%
-6.52%
2.04%
  • This fund’s returns stands at -0.23% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
  • This fund outperformed Nifty 500 by 0.37% in Nov'24
Parameters
Nov'24
Oct'24
Sep'24
AUM
₹ 4.7K Cr
₹ 4.9K Cr
₹ 4.9K Cr
  • AUM of the fund stands at 4.7K Cr as of Nov'24
  • AUM decreased by 245.7 Cr between Nov'24 and Oct'24
Top Stocks sold last month
Jubilant Foodworks Ltd's allocation decreased from 5.26 % to 0.89 %
Jubilant Foodworks Ltd's allocation decreased from 5.26 % to 0.89 %
Small Cap allocation has gone down from 27% to 26.1%
Small Cap allocation has gone down from 27% to 26.1%
Mid Cap allocation has gone up from 11.5% to 11.9%
Mid Cap allocation has gone up from 11.5% to 11.9%
Large Cap allocation has gone down from 57.3% to 57.2%
Large Cap allocation has gone down from 57.3% to 57.2%
Cash allocation has gone up from 3.7% to 4.4%
Cash allocation has gone up from 3.7% to 4.4%

Top 3 Sectors in November were Financial Services, Consumer Cyclical & Industrial

Nov'24
Financial Services
31%
Consumer Cyclical
16%
Industrial
15%
Oct'24
Financial Services
31%
Consumer Cyclical
17%
Industrial
15%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
Infosys Ltd
Infosys Ltd
6.1%
HDFC Bank Ltd
HDFC Bank Ltd
3%
Fund
Nov'24
Oct'24
Sep'24
No of Holdings
60
60
61
Top 5 Company Concentration
24.3%
24.3%
23.5%
Company having highest exposure
HDFC Bank Ltd (6.4%)
HDFC Bank Ltd (6.4%)
HDFC Bank Ltd (6.1%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
78.3%
77.3%
77%
Sector having highest exposure
Financial Services (31.4%)
Financial Services (30.7%)
Financial Services (30.2%)
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Sailesh Jain
Sailesh Jain
Fund Manager of Tata ELSS Tax Saver Fund Direct Growth, since 16 December 2021
Fund House
Tata Asset Management Limited
Total Schemes
Total AUM
₹1.9L Cr
as on 29-Nov-2024
Address
Tata Asset Management Private Limited,Mafatlal Centre, 9th Floor,,Nariman Point,,India
Phone
+912266578282
Website
kiran@tataamc.com

Mutual Fund Insights

Insights icon
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 1.28%.
Insights icon
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 53% return, outperforming this fund by 29.5%.
Insights icon
Over the last 3 months, this fund has experienced a 3.0% drop in AUM moving from 4.80K Cr to 4.66K Cr.
Insights icon
Over the last 1 year, this fund has decreased expense ratio by 7.9% moving from 0.76 to 0.70.
Insights icon
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.66% return, outperforming this fund by 11.09% per annum.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 12.93% per annum.

Tata ELSS Tax Saver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.1% since inception which is more than its category average return of 15.66%
Fund Allocations

Fund Allocations

This fund has an allocation of 95.63% in Equity, 0% in Debt and 4.37% in Cash related instruments
AUM size ₹4663 Cr

AUM size ₹4663 Cr

This fund has AUM of ₹4663 Cr which is more than its category average of ₹ 3948 Cr
Expense Ratio 0.7%

Expense Ratio 0.7%

This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.45%

Frequently Asked Questions for Tata ELSS Tax Saver Fund Direct Growth

The current NAV of Tata ELSS Tax Saver Fund Direct Growth is ₹50.12 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Tata ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.6%
2.6%
6 Month Returns
4.94%
4.94%
1 Year Returns
23.49%
23.49%
3 Years Returns
70.95%
19.57%
5 Years Returns
141.72%
19.31%
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0.7% as on November 2024
₹4663 Cr as on November 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 November 2024
Financial Services(30%), Consumer Cyclical(15.6%), Industrial(14.44%) as on November 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
3.03
2.22
0.64
As on November 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
0.96
0.95
0.96
As on November 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
1.63
0.93
0.78
As on November 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
12.59
13.28
18.67
As on November 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 1.77 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.61 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Sailesh Jain is the fund manager of Tata ELSS Tax Saver Fund Direct Growth
The Exit load of Tata ELSS Tax Saver Fund Direct Growth is 0%