Tata ELSS Tax Saver Fund Direct Growth

Tata ELSS Tax Saver Fund Direct Growth

Compare
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 46.78 as on 13-06-2024

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 ₹4197 Cr worth of assets under management (AUM) as on Apr 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 17.30% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 36.50%, 19.92% and 18.66% 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
4272 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
15
/23
43% Performance
37% Risk Management
68% Cost
15 out of 23 among elss (tax savings)

Pros

Beats FD returns for both 3Y & 5Y

Cons

No bad points found for this fund.

Overview

Expense ratio
Expense ratio
0.72%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹4197 Cr
Inception Date
Inception Date
13 October, 2014
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
18.42%

Tata ELSS Tax Saver Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 97.5%

  • Debt & Cash 2.6%

Size breakup

Large cap
59.4%
Small cap
24.5%
Mid cap
13.6%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
33.1%
Industrial
16.2%
Consumer Cyclical
13.8%
Tech
7.5%
Basic Materials
7.3%
Energy
4.9%
Communication
4.7%
Health
4.2%
Utilities
3.7%
Real Estate
2.5%
Consumer Defensive
2%

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
4.65%
0.25%
0.88%
Nifty 500
2.46%
-0.47%
1.58%
  • This fund’s returns stands at 4.65% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.46% as on Apr'24
  • This fund outperformed Nifty 500 by 2.18% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 4K Cr
₹ 4K Cr
₹ 4K Cr
  • AUM of the fund stands at 4K Cr as of Apr'24
  • AUM has remained same between Apr'24 and Mar'24
Fund Portfolio Changes

Top Holdings of Tata ELSS Tax Saver Fund Direct Growth as on (31-May-24)

  • Equity

Equity Holdings59

Mutual Fund Insights

Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.3% return, outperforming this fund by 16.64% per annum.
Insights icon
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 28.47% return, outperforming this fund by 8.55% per annum.
Insights icon
Over the last 6 months, this fund has decreased expense ratio by 5.3% moving from 0.76 to 0.72.
Insights icon
Over the last 6 months, this fund has experienced a 13.5% growth in AUM moving from 3.69K Cr to 4.19K Cr.
Insights icon
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 60.32% return, outperforming this fund by 23.83%.
Insights icon
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 1.29%.

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 17.3% since inception which is more than its category average return of 16.38%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.45% in Equity, 0% in Debt and 2.55% in Cash related instruments
AUM size ₹4197 Cr

AUM size ₹4197 Cr

This fund has AUM of ₹4197 Cr which is more than its category average of ₹ 3674 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 1.48%

Frequently Asked Questions

The current NAV of Tata ELSS Tax Saver Fund Direct Growth is ₹46.78 as on 13-Jun-2024.
Existing (Absolute + CAGR) as on 13-Jun-2024.
Tata ELSS Tax Saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
9.21%
9.21%
6 Month Returns
16.22%
16.22%
1 Year Returns
36.5%
36.5%
3 Years Returns
72.46%
19.92%
5 Years Returns
135.26%
18.66%
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 May 2024
₹4197 Cr as on May 2024
HDFC Bank Ltd(6.29%), ICICI Bank Ltd(5.67%), Reliance Industries Ltd(4.6%), State Bank of India(4.3%), Infosys Ltd(3.89%) as on May 2024
Financial Services(31.01%), Industrial(16.17%), Consumer Cyclical(14.07%) as on May 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
-1.39
0.99
0.12
As on May 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
0.99
0.94
0.96
As on May 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
2.05
0.99
0.7
As on May 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
10.94
12.5
18.56
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 1.87 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.11 as on May 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%