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: ₹ 24.24 as on 28-05-2024

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.
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 88.9%

  • Debt & Cash 11.1%

Size breakup

Large cap
57.9%
Mid cap
17.4%
Small cap
14.1%
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%

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

  • Equity

Equity Holdings61

Gainers & Losers Returns for the month of Apr

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

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 18.01% since inception which is more than its category average return of 15.94%
Fund Allocations

Fund Allocations

This fund has an allocation of 88.89% in Equity, 0% in Debt and 11.11% 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 ₹ 3661 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 ₹24.24 as on 28-May-2024.
Existing (Absolute + CAGR) as on 28-May-2024.
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
Absolute Returns
CAGR Returns
1 Month Returns
3.21%
3.21%
6 Month Returns
23.49%
23.49%
1 Year Returns
41.83%
41.83%
3 Years Returns
72.13%
19.84%
5 Years Returns
127.1%
17.83%
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0.8% as on April 2024
₹50 Cr as on April 2024
Reliance Industries Ltd(7.68%), ICICI Bank Ltd(6.13%), Larsen & Toubro Ltd(4.62%), HDFC Bank Ltd(3.5%), Jio Financial Services Ltd(2.95%) as on April 2024
Financial Services(23.63%), Industrial(23.36%), Consumer Cyclical(12.63%) as on April 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
1.58
0.74
1.48
As on April 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
1.01
0.91
0.8
As on April 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
2.45
1.08
0.78
As on April 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
11.87
12.79
15.89
As on April 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 2.08 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
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%