Shriram ELSS Tax Saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 18-10-2024
₹ 26.33
▲0.4%
1D
Inception Returns
18.3%
/yr
About Shriram ELSS Tax Saver Fund Direct Growth
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
- Shriram ELSS Tax Saver Fund Direct Growth has ₹57 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Shriram ELSS Tax Saver Fund Direct Growth has given a CAGR return of 18.35% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.25%, 14.85% and 19.14% respectively.
Holdings
Shriram ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Health, Consumer Cyclical, Industrial, Tech, Financial Services, Utilities, Consumer Defensive, Energy, Communication, Basic Materials. Its top holdings are Bajaj Auto Ltd, Sun Pharmaceuticals Industries Ltd, Bharti Airtel Ltd, Torrent Pharmaceuticals Ltd, Colgate-Palmolive (India) 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 benefitDividends 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
Historical NAV & Returns
INDmoney Rank for Shriram ELSS Tax Saver Fund Direct Growth
Shriram ELSS Tax Saver Fund Direct Growth Overview
| Expense ratio | 0.65% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹57 Cr |
| Inception Date | 19 January, 2019 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 70% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (18-Oct-24)
Fund Distribution
as on (30-Sep-24)
- This fund’s returns stands at 1.09% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund underperformed Nifty 500 by 0.95% in Sep'24
- AUM of the fund stands at 56.6 Cr as of Sep'24
- AUM has remained same between Sep'24 and Aug'24
Top 3 Sectors in September were Industrial, Consumer Cyclical & Tech
Mutual Fund Insights
Shriram ELSS Tax Saver Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.65%
Frequently Asked Questions for Shriram ELSS Tax Saver Fund Direct Growth
Shriram ELSS Tax Saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.59% | -0.59% |
6 Month Returns | 16.25% | 16.25% |
1 Year Returns | 38.25% | 38.25% |
3 Years Returns | 51.51% | 14.85% |
5 Years Returns | 140.08% | 19.14% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Shriram ELSS Tax Saver Fund Direct Growth | 0.26 | 0.19 | 0.67 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Shriram ELSS Tax Saver Fund Direct Growth | 0.99 | 0.9 | 0.8 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Shriram ELSS Tax Saver Fund Direct Growth | 2.29 | 0.89 | 0.91 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Shriram ELSS Tax Saver Fund Direct Growth | 12.6 | 12.46 | 15.73 |