Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 22.87 as on 22-04-2024
Fund Performance
2 people have invested ₹ 20.5K in Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option in the last three months
About the 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 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 Payout of Income Distribution cum capital withdrawal option has ₹47 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.8.
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option Overview
 | 0.8% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹47 Cr |
 | 19 January, 2019 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 70% |
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option Distribution as on (31-Mar-24)
Size breakup
Large cap
65.4%
Mid cap
13.3%
Small cap
9.7%
Sector Allocation
Financial Services
22.5%
Consumer Cyclical
16.9%
Industrial
14.8%
Energy
12.6%
Consumer Defensive
8.9%
Tech
7.6%
Basic Materials
5.7%
Utilities
5.1%
Health
4.9%
Communication
1%
Top Holdings of Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option as on (31-Mar-24)
Equity Holdings59
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.82% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 0.35% in Mar'24
AUM Change
- AUM of the fund stands at 47.2 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Jio Financial Services Ltd | 13.4% |
 Bajaj Auto Ltd | 8.1% |
 Maruti Suzuki India Ltd | 7.7% |
Peer Analysis
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option Fund Manager
Gargi Banerjee
Fund Manager of Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option, since 19 January 2019
Top funds managed
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 17.04% since inception which is more than its category average return of 15.6%
Fund Allocations
This fund has an allocation of 90.85% in Equity, 0% in Debt and 9.15% in Cash related instruments
AUM size ₹47 Cr
This fund has AUM of ₹47 Cr which is less than its category average of ₹ 3525 Cr
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 ₹22.87 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Shriram ELSS Tax Saver Fund Direct Payout of Income Distribution cum capital withdrawal option | Absolute Returns | CAGR Returns |
1 Month Returns | 3.12% | 3.12% |
6 Month Returns | 21.66% | 21.66% |
1 Year Returns | 41.02% | 41.02% |
3 Years Returns | 69.92% | 19.33% |
5 Years Returns | 116.89% | 16.75% |
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0.8% as on March 2024
₹47 Cr as on March 2024
Reliance Industries Ltd(8.03%), ICICI Bank Ltd(6.11%), HDFC Bank Ltd(4.6%), Jio Financial Services Ltd(3.55%), Larsen & Toubro Ltd(3.27%) as on March 2024
Financial Services(20.46%), Consumer Cyclical(15.4%), Industrial(13.46%) as on March 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 | 0.39 | 0.23 | 1.26 |
As on March 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 | 0.91 | 0.8 |
As on March 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 | 0.97 | 0.73 |
As on March 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 | 11.78 | 12.72 | 15.85 |
As on March 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 1.86 as on March 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%