Shriram ELSS Tax Saver Fund Direct Growth

Shriram ELSS Tax Saver Fund Direct Growth 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.

1. Shriram ELSS Tax Saver Fund Direct Growth has ₹48 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
2. The fund has an expense ratio 0.8.
   

Shriram ELSS Tax Saver Fund Direct Growth has given a CAGR return of 13.89% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of -0.88%, 15.75% and 18.79% respectively.

Shriram ELSS Tax Saver Fund Direct Growth has allocated its funds majorly in Financial Services, Industrial, Health, Consumer Cyclical, Basic Materials, Consumer Defensive, Communication, Tech, Utilities. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, Bajaj Holdings and Investment Ltd, Bajaj Finance Ltd

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

The primary investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time. 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 for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Shriram ELSS Tax Saver Fund Direct Growth of 3 Years