Tata ELSS Tax Saver Fund Growth Direct Plan
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 43.41 as on 23-04-2024
Fund Performance
4609 people have invested ₹ 1.4Cr in Tata ELSS Tax Saver Fund Growth Direct Plan in the last three months
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.73% which is lower than the category average expense ratio of 1.29%.
In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.74% return, outperforming this fund by 12.02% per annum.
In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 63.72% return, outperforming this fund by 26.96%.
Over the last 6 months, this fund has decreased expense ratio by 2.7% moving from 0.75 to 0.73.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.95% return, outperforming this fund by 15.88% per annum.
INDmoney Rank of Tata ELSS Tax Saver Fund Growth Direct Plan
Powered by IND quant engine
15
/23
43% Performance
38% Risk Management
67% Cost
15 out of 23 among elss (tax savings)
Pros
Beats FD returns for both 3Y & 5Y
Cons
Does not beat the benchmark consistently
About the Tata ELSS Tax Saver Fund Growth Direct Plan
Tata ELSS Tax Saver Fund Growth Direct Plan 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
- Tata ELSS Tax Saver Fund Growth Direct Plan has ₹4028 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Tata ELSS Tax Saver Fund Growth Direct Plan Overview
 | 0.73% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹4028 Cr |
 | 13 October, 2014 |
 | ₹500/₹500 |
 | 0% |
 | 3 Years |
 TurnOver | 18.42% |
Tata ELSS Tax Saver Fund Growth Direct Plan Distribution as on (31-Mar-24)
Size breakup
Large cap
62.5%
Small cap
24.7%
Mid cap
9.5%
Sector Allocation
Financial Services
33.1%
Industrial
15.7%
Consumer Cyclical
12.8%
Tech
8.2%
Basic Materials
7.2%
Energy
5.1%
Communication
4.7%
Health
4.6%
Utilities
3.8%
Consumer Defensive
2.4%
Real Estate
2.3%
Top Holdings of Tata ELSS Tax Saver Fund Growth Direct Plan as on (31-Mar-24)
Equity Holdings56
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.76% | 0% | |
 ICICI Bank Ltd | 6.31% | 0% | |
 Reliance Industries Ltd | 4.98% | 0% | |
 State Bank of India | 4.67% | 0% | |
 Infosys Ltd | 4.31% | 0% |
See all
Tata ELSS Tax Saver Fund Growth Direct Plan: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 0.25% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.71% in Mar'24
AUM Change
- AUM of the fund stands at 4K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Tata ELSS Tax Saver Fund Growth Direct Plan portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Radico Khaitan Ltd | 16% |
 Cummins India Ltd | 14.4% |
 Bharti Airtel Ltd | 4.9% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Axis Bank Ltd | -0.6% |
 Barbeque-Nation Hospitality Ltd | 3.4% |
Peer Analysis
Tata ELSS Tax Saver Fund Growth Direct Plan 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 16.66% since inception which is more than its category average return of 15.65%
Fund Allocations
This fund has an allocation of 96.75% in Equity, 0% in Debt and 3.25% in Cash related instruments
AUM size ₹4028 Cr
This fund has AUM of ₹4028 Cr which is more than its category average of ₹ 3525 Cr
Expense Ratio 0.73%
This fund has an expense ratio of 0.73% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of Tata ELSS Tax Saver Fund Growth Direct Plan is ₹43.41 as on 23-Apr-2024.
Existing (Absolute + CAGR) as on 23-Apr-2024.
Tata ELSS Tax Saver Fund Growth Direct Plan | Absolute Returns | CAGR Returns |
1 Month Returns | 3.67% | 3.67% |
6 Month Returns | 19.33% | 19.33% |
1 Year Returns | 36.76% | 36.76% |
3 Years Returns | 75.95% | 20.72% |
5 Years Returns | 129.41% | 18.06% |
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0.73% as on March 2024
₹4028 Cr as on March 2024
HDFC Bank Ltd(7.76%), ICICI Bank Ltd(6.31%), Reliance Industries Ltd(4.98%), State Bank of India(4.67%), Infosys Ltd(4.31%) as on March 2024
Financial Services(31.98%), Industrial(15.23%), Consumer Cyclical(12.42%) as on March 2024
The alpha ratio for the Tata ELSS Tax Saver Fund Growth Direct Plan for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Tata ELSS Tax Saver Fund Growth Direct Plan | -3.16 | 0.36 | 0.27 |
As on March 2024
The alpha for Tata ELSS Tax Saver 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 ELSS Tax Saver Fund Growth Direct Plan for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Tata ELSS Tax Saver Fund Growth Direct Plan | 0.95 | 0.93 | 0.96 |
As on March 2024
The Beta for Tata ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver Fund Growth Direct Plan | 2.24 | 1.01 | 0.68 |
As on March 2024
The sharpe ratio for Tata ELSS Tax Saver 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 ELSS Tax Saver 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 ELSS Tax Saver Fund Growth Direct Plan | 10.54 | 12.73 | 18.52 |
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 1.94 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
The Exit load of Tata ELSS Tax Saver Fund Growth Direct Plan is 0%