Tata India Tax Savings Fund Growth Direct Plan
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 33.5 as on 30-05-2023
Fund Performance
4099 people have invested ₹ 1.3Cr in Tata India Tax Savings Fund Growth Direct Plan in the last three months
Fund Insights
In the last 1 year, Motilal Oswal Long Term Equity Fund Direct Plan Growth has given 23.65% return, outperforming Tata India Tax Savings Fund Growth Direct Plan by 8.11%
In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 45.11% return, outperforming Tata India Tax Savings Fund Growth Direct Plan by 17.92% per annum
In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 23.73% return, outperforming Tata India Tax Savings Fund Growth Direct Plan by 10.85% per annum
Over the last 3 months, Tata India Tax Savings Fund Growth Direct Plan has increased expense ratio by 1.3% moving from 0.75 to 0.76
Tata India Tax Savings Fund Growth Direct Plan has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.35%
INDmoney Rank
Powered by IND quant engine
11
/23
56% Performance
40% Risk Management
78% Cost
11 out of 23 among elss (tax savings)
Pros
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
Cons
No bad points found for this fund.
About the Fund
Tata India Tax Savings Fund Growth Direct Plan is an equity fund. This fund was started on 13 October, 2014. The fund is managed by Tejas Gutka. The fund could potentially beat inflation in the long-run.
Key parameters
1) Tata India Tax Savings Fund Growth Direct Plan has a NAV of ₹33.4518 as on 30-05-2023.
2) Tata India Tax Savings Fund Growth Direct Plan has ₹3174 Cr worth of assets under management (AUM) as on 31-03-2023 and is more than category average.
3) The fund has an expense ratio 0.76 %.
Tata India Tax Savings Fund Growth Direct Plan Overview
 | 0.76% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹3174 Cr |
 | 13 October, 2014 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 39.46% |
Fund Distribution as on (30-Apr-23)
Size breakup
Large cap
63.7%
Small cap
19.4%
Mid cap
14.6%
Sector Allocation
Financial Services
37%
Industrial
17.8%
Consumer Cyclical
9.9%
Tech
8%
Basic Materials
5.3%
Energy
5.3%
Communication
5.2%
Health
5%
Utilities
2.8%
Consumer Defensive
2.4%
Real Estate
1.3%
Top Holdings of Tata India Tax Savings Fund Growth Direct Plan as on (30-Apr-23)
Equity Holdings53
Tata India Tax Savings Fund Growth Direct Plan: Monthly Changes Updates
All changes are between Feb'23 and Apr'23
Fund Performance
- This fund’s returns stands at -0.80% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.73% as on Apr'23
- This fund underperformed Nifty 500 by 0.07% in Apr'23
AUM Change
- AUM of the fund stands at 3.2K Cr as of Apr'23
- AUM increased by 101 Cr between Apr'23 and Mar'23
Fund Portfolio Changes
Gainers & Losers in Tata India Tax Savings Fund Growth Direct Plan portfolio as on (30-Apr-23)
Top Growth Drivers | 1M Return |
|---|---|
 State Bank of India | 9.8% |
 Housing Development Finance Corporation Ltd | 5.6% |
 HDFC Bank Ltd | 4.8% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -11.2% |
 AIA Engineering Ltd | -8% |
 Radico Khaitan Ltd | -4.3% |
Peer Analysis
Tata India Tax Savings Fund Growth Direct Plan Fund Manager
Tejas Gutka
Fund Manager of Tata India Tax Savings Fund Growth Direct Plan, since 9 March 2021
Top funds managed
Fund 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 15.02% since inception which is more than its category average return of 13.15%
Fund Allocations
This fund has an allocation of 97.59% in Equity, 0% in Debt and 2.41% in Cash related instruments
AUM size ₹3174 Cr
This fund has AUM of ₹3174 Cr which is more than its category average of ₹ 2655 Cr
Expense Ratio 0.76%
This fund has an expense ratio of 0.76% which is less than its category average expense ratio of 1.52%
Frequently Asked Questions
The current NAV of Tata India Tax Savings Fund Growth Direct Plan is ₹33.45 as on 30-May-2023.
Existing (Absolute + CAGR) as on 30-May-2023.
Tata India Tax Savings Fund Growth Direct Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 3.1% | 3.1% |
6 Month Returns | -1.65% | -1.65% |
1 Year Returns | 13.61% | 13.61% |
3 Years Returns | 106.35% | 27.31% |
5 Years Returns | 83.57% | 12.92% |
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0.76% as on April 2023
₹3174 Cr as on April 2023
HDFC Bank Ltd(6.94%), ICICI Bank Ltd(6.72%), Reliance Industries Ltd(5.15%), Housing Development Finance Corp Ltd(5.03%), Infosys Ltd(4.58%) as on April 2023
Financial Services(36.13%), Industrial(17.36%), Consumer Cyclical(9.7%) as on April 2023
The alpha ratio for the Tata India Tax Savings Fund Growth Direct Plan for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata India Tax Savings Fund Growth Direct Plan | 2.89 | 0.34 | 0.53 |
As on April 2023
The alpha for Tata India Tax Savings Fund Growth Direct Plan 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 India Tax Savings Fund Growth Direct Plan for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Tata India Tax Savings Fund Growth Direct Plan | 0.91 | 0.95 | 0.98 |
As on April 2023
The Beta for Tata India Tax Savings Fund Growth Direct Plan 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 India Tax Savings Fund Growth Direct Plan for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Tata India Tax Savings Fund Growth Direct Plan | 0.15 | 1.25 | 0.4 |
As on April 2023
The sharpe ratio for Tata India Tax Savings Fund Growth Direct Plan 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 India Tax Savings Fund Growth Direct Plan for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Tata India Tax Savings Fund Growth Direct Plan | 15.05 | 14.91 | 19.55 |
As on April 2023
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 2.78 as on April 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Tejas Gutka is the fund manager of Tata India Tax Savings Fund Growth Direct Plan
The Exit load of Tata India Tax Savings Fund Growth Direct Plan is 0%