Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option

Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 24.7 as on 12-06-2024

About the Fund

Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option 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 Payout of Income Distribution cum capital withdrawal option has ₹50 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option has given a CAGR return of 18.10% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 42.06%, 18.83% and 18.04% respectively.

Holdings

Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Consumer Cyclical, Basic Materials, Energy, Health, Communication, Tech, Utilities, Consumer Defensive, Real Estate. Its top holdings are ICICI Bank Ltd, Reliance Industries Ltd, State Bank of India, Larsen & Toubro Ltd, Tata Consultancy Services 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 Payout of Income Distribution cum capital withdrawal option

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 Payout of Income Distribution cum capital withdrawal option of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 1000 in Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option in the last three months

Overview

Expense ratio
Expense ratio
0.8%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹50 Cr
Inception Date
Inception Date
19 January, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
70%

Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option Distribution as on (30-Apr-24)

  • Equity 94.4%

  • Debt & Cash 5.7%

Size breakup

Large cap
50.6%
Mid cap
24.9%
Small cap
15.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
26.6%
Industrial
26.3%
Consumer Cyclical
14.2%
Energy
11%
Basic Materials
6.4%
Tech
6.3%
Utilities
5.3%
Consumer Defensive
1.2%
Real Estate
1.1%
Communication
1%
Health
0.8%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
4.37%
-0.82%
0.73%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 4.37% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 1.91% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 47.3 Cr
₹ 47.3 Cr
₹ 47.2 Cr
  • AUM of the fund stands at 47.3 Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option as on (31-May-24)

  • Equity

Equity Holdings69

Fund Manager

Gargi Banerjee
Gargi Banerjee
Fund Manager of Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option, since 19 January 2019

Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option 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 18.1% since inception which is more than its category average return of 16.24%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.35% in Equity, 0% in Debt and 5.65% in Cash related instruments
AUM size ₹50 Cr

AUM size ₹50 Cr

This fund has AUM of ₹50 Cr which is less than its category average of ₹ 3674 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 1.48%

Frequently Asked Questions

The current NAV of Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option is ₹24.7 as on 12-Jun-2024.
Existing (Absolute + CAGR) as on 12-Jun-2024.
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
Absolute Returns
CAGR Returns
1 Month Returns
7.65%
7.65%
6 Month Returns
19.41%
19.41%
1 Year Returns
42.06%
42.06%
3 Years Returns
67.78%
18.83%
5 Years Returns
129.14%
18.04%
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0.8% as on May 2024
₹50 Cr as on May 2024
ICICI Bank Ltd(5%), Reliance Industries Ltd(4.99%), State Bank of India(3.18%), Larsen & Toubro Ltd(3.01%), Tata Consultancy Services Ltd(2.63%) as on May 2024
Industrial(22.26%), Financial Services(20.58%), Consumer Cyclical(11.6%) as on May 2024
The alpha ratio for the Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
4.46
1.82
1.89
As on May 2024
The alpha for Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option 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 Payout of Income Distribution cum capital withdrawal option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
0.98
0.93
0.8
As on May 2024
The Beta for Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option 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 Payout of Income Distribution cum capital withdrawal option 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 Payout of Income Distribution cum capital withdrawal option
2.38
1.03
0.79
As on May 2024
The sharpe ratio for Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option 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 Payout of Income Distribution cum capital withdrawal option 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 Payout of Income Distribution cum capital withdrawal option
11.86
12.7
15.9
As on May 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 1.98 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.28 as on May 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 Payout of Income Distribution cum capital withdrawal option
The Exit load of Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option is 0%