June 14, 2024
mayank
Shriram ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 25.0109
NAV IDCW: Rs 24.8566
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time.
Fund Manager:
1) Deepak Ramaraju
Education: Mr. Ramaraju has done B.E.(Chemical Engineering).
Experience: Prior to joining Shriram Mutual Fund, he has worked with Sanlam Group of South Africa as a part of their global equity research team and GE India Technology Center as a researcher and co-inventor.
2) Gargi Bhattacharyya Banerjee
Education: Ms. Banerjee is Master of Business Management in Finance and Bachelor of Science with Economics (Hon) from University of Calcutta.
Experience: Prior to joining Shriram Asset Management Co. Ltd she has worked with Zacks Research Pvt Ltd as Research Head and Shriram Insight Share Brokers Ltd.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Shriram Mutual Fund |
| Launch Date | 25-Jan-19 |
| Return Since Launch | 18.55% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 51 Cr |
| (As on 31-May-2024) | |
| Expense | 0.80% |
| (As on 30-Apr-2024) | |
| Risk Grade | Average |
| Return Grade | Below Average |
| Turnover | 464.50% |
Trailing Returns (%) of Shriram ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Shriram ELSS Tax Saver Dir | 16.80 | 0.64 | 9.43 | 14.05 | 19.42 | 42.72 | 19.42 | 18.58 | — | — |
| BSE 500 TRI | 14.09 | 0.52 | 7.82 | 12.61 | 18.24 | 38.48 | 18.78 | 19.22 | — | — |
| Equity: ELSS | 15.82 | 0.57 | 8.10 | 14.06 | 19.49 | 41.13 | 20.43 | 20.21 | — | — |
| Rank within category | 13 | 16 | 9 | 20 | 17 | 16 | 20 | 22 | — | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 37 | 33 | 31 | 29 | 25 |
Peer Comparison of Shriram ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Shriram ELSS Tax Saver Dir | 3 star | 42.72 | 19.42 | 18.58 | 0.80 | 51 | 18.55 | — | 5Y 4M | 464.50 |
| SBI Long Term Equity Dir | 5 star | 60.06 | 27.88 | 24.38 | 0.94 | 23,888 | 17.86 | — | 11Y 5M | 20.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 36.98 | 18.38 | 21.43 | 0.57 | 22,621 | 20.99 | — | 8Y 5M | 103.00 |
| DSP ELSS Tax Saver Dir | 4 star | 47.46 | 21.53 | 22.23 | 0.76 | 15,161 | 18.97 | — | 11Y 5M | 39.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 47.73 | 26.75 | 19.98 | 1.13 | 14,753 | 16.17 | — | 11Y 5M | 34.74 |
Portfolio Analysis of Shriram ELSS Tax Saver Fund
| No. of Stocks | 71 |
| Top 10 Stocks | 30.06% |
| Top 5 Stocks | 18.81% |
| Top 3 Sectors | 43.20% |
| Portfolio P/B Ratio | 3.51 |
| Portfolio P/E Ratio | 25.31 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,57,999 | 1,71,295 |
| Giant (%) | 49.07 | 51.97 |
| Large (%) | 22.07 | 19.53 |
| Mid (%) | 27.09 | 24.19 |
| Small (%) | 1.77 | 7.20 |
| Tiny (%) | — | 0.30 |
How to Invest in Shriram ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For Shriram ELSS Tax Saver Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.shriramamc.in/mutual-funds
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