Shriram ELSS Tax Saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Shriram ELSS Tax Saver Fund Direct Growth

About the Fund

Shriram ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 19 January, 2019. The fund is managed by Gargi Banerjee. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Shriram ELSS Tax Saver Fund Direct Growth has ₹54 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Shriram ELSS Tax Saver Fund Direct Growth has given a CAGR return of 18.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 41.01%, 20.36% and 20.30% respectively.

Holdings

Shriram ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Financial Services, Energy, Basic Materials, Tech, Health, Utilities, Consumer Defensive, Communication, Real Estate. Its top holdings are Reliance Industries Ltd, ICICI Bank Ltd, Trent Ltd, Larsen & Toubro Ltd, Mahindra & Mahindra Ltd

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 Shriram ELSS Tax Saver Fund Direct Growth

The primary investment objective of the Scheme is 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. 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 Shriram ELSS Tax Saver Fund Direct Growth of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
42 people have invested ₹ 73K in Shriram ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

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Fund Overview

Expense ratio0.8%
Benchmark
S&P BSE 200 India TR INR
AUM₹54 Cr
Inception Date19 January, 2019
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
70%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 92.6%

  • Debt & Cash 7.4%

Large cap
46%

Mid cap
25.9%

Small cap
16.5%

Sector Allocation

Jun'24

May'24

Apr'24

Industrial
28.4%
Consumer Cyclical
14.4%
Financial Services
13.4%
Energy
9.8%
Basic Materials
9.2%
Tech
7.5%
Health
4.3%
Utilities
4.1%
Consumer Defensive
4.1%
Communication
3.6%
Real Estate
1.3%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Gargi Banerjee
Gargi Banerjee
Fund Manager of Shriram ELSS Tax Saver Fund Direct Growth, since 19 January 2019

Mutual Fund Insights

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In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 55.32% return, outperforming this fund by 14.31%.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.12% return, outperforming this fund by 7.76% per annum.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.42% return, outperforming this fund by 16.12% per annum.
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This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.8% which is lower than the category average expense ratio of 1.27%.
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Over the last 6 months, this fund has experienced a 22.8% growth in AUM moving from 44.14 Cr to 54.22 Cr.

Shriram 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 18.85% since inception which is more than its category average return of 16.57%
Fund Allocations

Fund Allocations

This fund has an allocation of 92.56% in Equity, 0% in Debt and 7.44% in Cash related instruments
AUM size ₹54 Cr

AUM size ₹54 Cr

This fund has AUM of ₹54 Cr which is less than its category average of ₹ 3925 Cr
Expense Ratio 0.8%

Expense Ratio 0.8%

This fund has an expense ratio of 0.8% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Shriram ELSS Tax Saver Fund Direct Growth is ₹26.03 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
Shriram ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.73%
2.73%
6 Month Returns
19.26%
19.26%
1 Year Returns
41.01%
41.01%
3 Years Returns
74.37%
20.36%
5 Years Returns
151.95%
20.3%
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0.8% as on June 2024
₹54 Cr as on June 2024
Reliance Industries Ltd(5.15%), ICICI Bank Ltd(3.48%), Trent Ltd(2.9%), Larsen & Toubro Ltd(2.75%), Mahindra & Mahindra Ltd(2.67%) as on June 2024
Industrial(26.31%), Consumer Cyclical(13.31%), Financial Services(12.37%) as on June 2024
The alpha ratio for the Shriram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Shriram ELSS Tax Saver Fund Direct Growth
5.24
1.55
1.86
As on June 2024
The alpha for Shriram 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 Shriram ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Shriram ELSS Tax Saver Fund Direct Growth
0.94
0.92
0.8
As on June 2024
The Beta for Shriram 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 Shriram 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
Shriram ELSS Tax Saver Fund Direct Growth
2.5
1.1
0.87
As on June 2024
The sharpe ratio for Shriram 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 Shriram 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
Shriram ELSS Tax Saver Fund Direct Growth
12.17
12.92
16
As on June 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 2.14 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.14 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Gargi Banerjee is the fund manager of Shriram ELSS Tax Saver Fund Direct Growth
The Exit load of Shriram ELSS Tax Saver Fund Direct Growth is 0%