August 17, 2023
mayank
Tata India Tax Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV IDCW: Rs 171.2897
NAV Growth: Rs 36.7645
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 long-term capital growth. Investments in equity would be at least 80 per cent of the corpus, while allocation to debt and money market instruments can go up to 20 per cent.
Fund Manager:
1) Tejas Gutka
Education: Mr. Gutka is a BSc, MMS (Finance)
Experience: Prior to joining Tata Mutual Fund, he has worked with Tamohara Investment Managers, Barclays Securities India Pvt Ltd.
2) Sailesh Jain
Education: Mr. Jain is a Commerce Graduate and an MBA.
Experience: Prior to joining TATA Mutual Fund, he has worked with Invesco Mutual Fund, IDFC Securities Ltd. as Head Derivatives, Quant Broking Pvt Ltd. as Vice President and IIFL(India Infoline) as Vice President.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details of Tata India Tax Savings Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 16.95% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 3,557 Cr |
| (As on 31-Jul-2023) | |
| Expense | 0.75% |
| (As on 31-Jul-2023) | |
| Risk Grade | Above Average |
| Return Grade | Average |
| Turnover | 15.95% |
Tata India Tax Savings Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Ind Tax Svngs Dir | 11.14 | 0.13 | 2.43 | 11.25 | 12.44 | 14.70 | 24.72 | 14.57 | 14.88 | 19.01 |
| S&P BSE 500 TRI | 9.81 | 0.18 | 0.72 | 9.19 | 12.44 | 11.27 | 23.80 | 13.16 | 14.12 | 16.26 |
| Equity: ELSS | 11.99 | 0.20 | 1.08 | 9.43 | 12.67 | 13.95 | 24.05 | 13.71 | 14.30 | 17.69 |
| Rank within category | 23 | 24 | 7 | 8 | 19 | 14 | 17 | 13 | 11 | 7 |
| Number of funds in category | 35 | 38 | 38 | 37 | 36 | 33 | 33 | 30 | 28 | 25 |
Tata India Tax Savings Fund Peer Comparison
| 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 (%) | |
| Tata Ind Tax Svngs Dir | 3 star | 14.70 | 24.72 | 14.57 | 0.75 | 3,557 | 16.95 | — | 10Y 7M | 15.95 |
| Mirae Asset Tax Saver Dir | 5 star | 13.12 | 25.49 | 16.92 | 0.56 | 17,419 | 19.45 | — | 7Y 7M | 91.00 |
| SBI LT Eqt Dir | 4 star | 23.87 | 26.53 | 15.37 | 0.99 | 15,374 | 15.05 | — | 10Y 7M | 12.00 |
| DSP Tax Saver Dir | 4 star | 14.86 | 26.30 | 15.67 | 0.77 | 11,805 | 17.01 | — | 10Y 7M | 37.00 |
| Canara Robeco Eqt Tax Saver Dir | 4 star | 10.02 | 24.05 | 15.75 | 0.56 | 5,979 | 15.54 | — | 10Y 7M | 21.00 |
Portfolio Analysis of Tata India Tax Savings Fund
| No. of Stocks | 48 |
| Top 10 Stocks | 35.75% |
| Top 5 Stocks | 22.02% |
| Top 3 Sectors | 64.24% |
| Portfolio P/B Ratio | 3.95 |
| Portfolio P/E Ratio | 33.61 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 50,059 | 77,177 |
| Giant (%) | 24.82 | 37.41 |
| Large (%) | 19.77 | 15.93 |
| Mid (%) | 41.48 | 26.14 |
| Small (%) | 13.93 | 22.58 |
| Tiny (%) | — | 0.38 |
Chanakya’s Mutual Fund Guidance For Tata India Tax Savings 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://cams.co.in/2GjLAnSNLFQ
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