September 16, 2022
RA Jainee
Motilal Oswal ELSS Tax Saver Fund
NAV Growth : Rs 30.3951
NAV IDCW : Rs 24.2628
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 long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
Fund Manager :
1) Aditya Khemani
Education : Mr. Khemani has done B.Com (Hons) and PGDM from IIM, Lucknow.
Experience : Prior to joining Motilal Oswal Asset Management Company Ltd., He was associated with HSBC AMC, SBI Mutual Fund, ICICI Prudential AMC and Morgan Stanley Advantage Services.
2) Abhiroop Mukherjee
Education : Mr. Abhiroop Mukherjee holds B.Com from Calcutta University & PGPBF (Finance) from National Institute of Bank Management.
Experience : Prior to joining Motilal Oswal AMC, he has worked with PNB Gilts Ltd. Mumbai.
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) : | — |
| Lock-in Period : | 3 Years |
| Exit Load : | 0 |
Basic Details
| Fund House : | Motilal Oswal Mutual Fund |
| Launch Date : | 21-Jan-15 |
| Return Since Launch : | 15.63% |
| Benchmark : | NIFTY 500 TRI |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 2,231 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.78% |
| (As on 31-Jul-2022) | |
| Risk Grade : | Average |
| Return Grade : | Average |
| Turnover : | 30.00% |
Motilal Oswal ELSS Tax Saver Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Motilal Oswal LT Eqt Dir | 2.65 | -0.11 | 4.33 | 21.57 | 13.44 | 0.55 | 19.59 | 11.08 | 15.75 | — |
| S&P BSE 500 TRI | 5.51 | -0.3 | 2.99 | 17.05 | 10.99 | 5.38 | 21.52 | 13.42 | 14.77 | — |
| Equity: ELSS | 3.83 | -0.32 | 3.25 | 16.78 | 10.1 | 4.46 | 21.17 | 12.72 | 14.21 | — |
| Rank within category | 24 | 5 | 4 | 2 | 3 | 31 | 22 | 22 | 8 | — |
| Number of funds in category | 36 | 36 | 36 | 36 | 36 | 36 | 35 | 32 | 28 | 1 |
Peer Comparison
| Fund name | 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 (%) |
| Motilal Oswal LT Eqt Dir | 3 star | 0.55 | 19.59 | 11.08 | 0.78 | 2,231 | 15.63 | — | 7yrs 8mo | 30.00 |
| Mirae Asset Tax Saver Dir | 5 star | 1.88 | 23.95 | 16.49 | 0.56 | 13,148 | 20.34 | — | 6yrs 8mo | 73.00 |
| DSP Tax Saver Dir | 4 star | 2.95 | 22.16 | 13.98 | 0.82 | 10,219 | 17.33 | — | 9yrs 8mo | 49.00 |
| Canara Robeco Eqt Tax Saver Dir | 5 star | 4.29 | 26.16 | 17.39 | 0.59 | 4,198 | 16.25 | — | 9yrs 8mo | 43.00 |
| IDFC Tax Advtg (ELSS) Dir | 4 star | 9.22 | 26.20 | 14.66 | 0.74 | 3,851 | 18.12 | — | 9yrs 8mo | 18.00 |
Portfolio Analysis
| No. of Stocks : | 29 |
| Top 10 Stocks % : | 54.93 |
| Top 5 Stocks % : | 34.91 |
| Top 3 Sectors % : | 62.69 |
| Portfolio P/B Ratio : | 3.40 |
| Portfolio P/E Ratio : | 24 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,05,528 | 1,48,743 |
| Giant (%) | 48.14 | 53.44 |
| Large (%) | 9.20 | 18.01 |
| Mid (%) | 38.36 | 22.45 |
| Small (%) | 4.29 | 6.42 |
| Tiny (%) | — | 0.24 |
Motilal Oswal ELSS Tax Saver Fund by Chanakya :
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
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