Tata ELSS Tax Saver Fund Direct Growth

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

About the Fund

Tata ELSS Tax Saver Fund Direct Growth is an equity fund. This fund was started on 13 October, 2014. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Tata ELSS Tax Saver Fund Direct Growth has ₹4551 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

Tata ELSS Tax Saver Fund Direct Growth has given a CAGR return of 17.85% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 38.33%, 21.40% and 20.67% respectively.

Holdings

Tata ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Tech, Energy, Communication, Utilities, Health, Real Estate, Consumer Defensive. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, State Bank of India, Infosys 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 Tata ELSS Tax Saver Fund Direct Growth

To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation. 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 Tata ELSS Tax Saver Fund Direct Growth of 3 Years

Fund Performance
zero opening, trading, fund transfer fee
4529 people have invested ₹ 1.1Cr in Tata ELSS Tax Saver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
14
/23
45% Performance
36% Risk Management
68% Cost
14 out of 23 among elss (tax savings)
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

Fund Overview

Expense ratio0.72%
Benchmark
S&P BSE 200 India TR INR
AUM₹4551 Cr
Inception Date13 October, 2014
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
18.42%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 97.5%

  • Debt & Cash 2.5%

Large cap
58.2%

Small cap
25.2%

Mid cap
14.1%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
31.4%
Industrial
16.1%
Consumer Cyclical
15.6%
Basic Materials
7.7%
Tech
7.5%
Energy
5.7%
Communication
4.7%
Utilities
3.6%
Health
3%
Real Estate
2.9%
Consumer Defensive
1.9%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Mutual Fund Insights

Insights icon
Over the last 6 months, this fund has experienced a 23.1% growth in AUM moving from 3.69K Cr to 4.55K Cr.
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In the last 1 year, Bank of India ELSS Tax Saver Fund Direct Plan Growth has given 62.87% return, outperforming this fund by 24.54%.
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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.72% which is lower than the category average expense ratio of 1.28%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.4% return, outperforming this fund by 15.74% per annum.
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Over the last 1 year, this fund has decreased expense ratio by 6.5% moving from 0.77 to 0.72.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.79% return, outperforming this fund by 7.39% per annum.

Tata 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 17.85% since inception which is more than its category average return of 16.84%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.52% in Equity, 0% in Debt and 2.48% in Cash related instruments
AUM size ₹4551 Cr

AUM size ₹4551 Cr

This fund has AUM of ₹4551 Cr which is more than its category average of ₹ 3925 Cr
Expense Ratio 0.72%

Expense Ratio 0.72%

This fund has an expense ratio of 0.72% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions

The current NAV of Tata ELSS Tax Saver Fund Direct Growth is ₹49.65 as on 15-Jul-2024.
Existing (Absolute + CAGR) as on 15-Jul-2024.
Tata ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.42%
5.42%
6 Month Returns
18.47%
18.47%
1 Year Returns
38.33%
38.33%
3 Years Returns
78.92%
21.4%
5 Years Returns
155.81%
20.67%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.72% as on June 2024
₹4551 Cr as on June 2024
HDFC Bank Ltd(6.38%), ICICI Bank Ltd(5.6%), Reliance Industries Ltd(4.64%), State Bank of India(4.06%), Infosys Ltd(3.99%) as on June 2024
Financial Services(30.65%), Industrial(15.68%), Consumer Cyclical(15.24%) as on June 2024
The alpha ratio for the Tata ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Tata ELSS Tax Saver Fund Direct Growth
-1.72
1.63
0.03
As on June 2024
The alpha for Tata 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 Tata ELSS Tax Saver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Tata ELSS Tax Saver Fund Direct Growth
1.05
0.96
0.97
As on June 2024
The Beta for Tata 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 Tata 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
Tata ELSS Tax Saver Fund Direct Growth
2.11
1.12
0.77
As on June 2024
The sharpe ratio for Tata 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 Tata 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
Tata ELSS Tax Saver Fund Direct Growth
12.51
13.2
18.84
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 2.24 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.4 as on June 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Tata ELSS Tax Saver Fund Direct Growth is 0%