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4 star

Tata India Tax Savings Fund


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.07 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.79 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like for all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -4.30 0.92 -0.57 5.58 6.85 23.35 0.19 2.18 8.69 14.61 10.76
S&P BSE 500 TRI 0.05 1.01 0.21 6.47 8.41 29.21 4.21 3.73 8.70 12.35 8.19
Equity: ELSS -0.69 1.04 0.48 5.86 8.33 25.33 2.83 1.87 7.31 13.13 8.90
Rank within category 28 20 36 23 28 28 28 17 10 7 4
Number of funds in category 38 38 38 38 38 38 38 34 30 29 27

As on 27-Oct-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Tata India Tax Savings Fund  | Invest Online
4 star
Mar-96 0.19 2.18 8.69 2.08 2,070
Axis Long Term Equity Fund
4 star
Dec-09 2.15 7.40 9.50 1.72 21,836
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 4.09 2.22 8.28 1.89 11,123
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 0.44 2.78 9.22 1.86 6,178
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 10.53 7.26 -- 1.77 4,270

Best & Worst Performance

Best (Period) Worst (Period)
Week 19.74 (29-May-2000 - 05-Jun-2000) -20.28 (15-Jan-2008 - 22-Jan-2008)
Month 51.49 (03-Dec-1999 - 04-Jan-2000) -36.60 (20-Feb-2020 - 23-Mar-2020)
Quarter 117.24 (01-Nov-1999 - 31-Jan-2000) -53.23 (25-Feb-2000 - 26-May-2000)
Year 348.47 (24-Feb-1999 - 24-Feb-2000) -62.03 (07-Mar-2000 - 07-Mar-2001)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 4.65 21.92 -0.02 -0.02 0.98 -1.93
S&P BSE 500 TRI 6.61 21.81 0.07 0.08 -- --
Equity: ELSS 4.36 21.40 -0.03 -0.03 0.95 -2.17
Rank within category 17 22 17 17 25 17
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 32
Top 10 Stocks (%) 61.17
Top 5 Stocks (%) 43.89
Top 3 Sectors (%) 56.09
Portfolio P/B Ratio 2.74
Portfolio P/E Ratio 25.13

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,57,273 93,415
Giant (%) 65.29 50.27
Large (%) 15.15 15.96
Mid (%) 13.30 25.18
Small (%) 6.27 8.58
Tiny (%) -- 0.14

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Reliance Industries Energy 32.38 14.68 0.00 14.68
equal Infosys Technology 26.05 9.60 0.00 9.60
equal HDFC Bank Financial 22.96 8.57 3.00 7.82
equal ICICI Bank Financial 27.79 11.12 3.37 7.03
equal State Bank of India Financial 8.04 8.82 0.00 4.77
down Bharti Airtel Communication -- 7.07 0.00 4.27
down HDFC Financial 16.68 6.51 1.25 3.95
equal Jubilant FoodWorks Services 213.42 3.17 0.00 3.17
down Divi's Laboratories Healthcare 52.49 3.24 1.11 2.95
equal Mahindra & Mahindra Automobile -- 3.04 0.00 2.94
equal Cipla Healthcare 37.74 2.81 0.00 2.81
equal Ultratech Cement Construction 22.02 2.84 0.47 2.45
equal Eris Lifesciences Healthcare 22.46 2.68 0.62 2.39
new Amber Enterprises Cons Durable 98.75 2.30 0.00 2.30
equal Axis Bank Financial 92.00 6.88 0.00 2.26
equal Britannia Inds. FMCG 48.03 2.30 0.00 2.20
down Voltas Cons Durable 53.65 2.51 0.00 2.04
equal BPCL Energy 21.79 2.88 0.00 1.88
down Bata India FMCG 134.08 2.70 0.90 1.85
equal Larsen & Toubro Construction 16.46 2.74 1.24 1.83
equal Havells India Engineering 73.01 3.03 1.19 1.66
equal Kotak Mahindra Bank Financial 34.72 5.45 1.43 1.59
equal Akzo Nobel India Chemicals 56.74 1.87 0.00 1.37
equal HPCL Energy 6.59 2.46 0.00 1.33
equal Shree Cement Construction 53.05 1.68 0.59 1.32

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Sep-2020

Fund Manager

— Ennette Fernandes since 18-Jun-2018

Education: Ms. Fernandes is B.com & PGDBM

Experience: Prior to joining TATA Mutual Fund she has worked with Phillip Capital India Pvt. Limited as Junior Research Analyst on FMCG sector.

Funds Managed:

— Rupesh Patel since 01-Apr-2015

Education: Mr. Rupesh is a B.E.(Civil) and MBA (Finance)

Experience: He served as the Tata Asset Management Limited's Principal Officer of PMS from January 2012 to June 2013. Mr. Patel was the Deputy General Manager of Investments at the Tata Asset Management Limited from May 2008 to January 2012. Prior to this, he served as an Assistant Vice President of Investments at Indiareit Fund Advisors Pvt. Ltd. from August 2007 to April 2008. He was a Deputy General Manager at Credit Analysis & Research Ltd. until August 2007. Mr. Patel served as an Analyst and Manager at the Credit Analysis & Research. He had joined the Credit Analysis & Research in November 2001.

Funds Managed:


0.92%

Change from previous, NAV as on 27-Oct-2020

Dividend: ₹ 54.5596

Growth: ₹ 18.4233


Investment Strategy

The scheme seeks long-term capital growth. Investments in equity would be at least 80 per cent of the corpus, while allocation to debt and money market instruments can go up to 20 per cent.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 150
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Tata Mutual Fund
Launch Date: 31-Mar-1996
Return Since Launch: 17.90%
Benchmark: S&P BSE Sensex TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2,070 Cr (As on 30-Sep-2020)
Expense: 2.08% (As on 30-Sep-2020)
Risk Grade: Average
Return Grade: Above Average
Turnover: 38.70%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-Mar-20203.2760

 25-Mar-20198.8541
 21-Mar-201810.0000
 17-Mar-20179.0000
 26-Feb-20169.0000
 06-Feb-20152.8500
 19-Dec-20142.7500
 23-Dec-20132.0000
 03-Dec-20121.5000
 08-Feb-20121.5000
 23-Dec-20112.0000
 22-Jan-20105.0000
 04-Sep-20093.0000
 14-Dec-20073.0000
 20-Oct-200510.1000
 10-Dec-20031.0000
 02-Dec-19992.0000
 25-May-19992.0000

Contact Information

AMC: Tata Asset Management Private Ltd

Address: 9th Floor, Mafatlal Centre, Nariman Point, Mumbai - 400021

Phone: 1800-209-0101

Email: [email protected]

Website: http://www.tatamutualfund.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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