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Tata India Tax Savings Fund


1 Lakh

Investment Grown to
₹ 1.49 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.12 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 13.33 2.69 9.22 14.30 14.31 12.17 13.17
S&P BSE Sensex TRI 14.98 2.23 9.82 15.45 16.79 9.86 10.68
Equity: ELSS 7.31 1.02 7.98 8.28 11.07 8.55 10.98
Rank within category 4 1 12 3 4 1 2
Number of funds in category 35 38 37 35 34 29 26

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 51.49 (03-Dec-1999 - 04-Jan-2000) -36.08 (07-Mar-2000 - 06-Apr-2000)
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 14.09 14.56 0.57 0.79 1.05 0.62
S&P BSE Sensex TRI 16.24 12.39 0.84 1.33 -- --
Equity: ELSS 11.17 13.43 0.40 0.61 0.96 -1.64
Rank within category 4 28 7 10 30 7
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-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 35
Top 10 Stocks (%) 59.33
Top 5 Stocks (%) 38.64
Top 3 Sectors (%) 64.71
Portfolio P/B Ratio 3.02
Portfolio P/E Ratio 28.11

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 1,53,207 4,26,724 96,702
Giant (%) 71.67 88.95 52.39
Large (%) 8.20 10.62 15.16
Mid (%) 13.27 0.34 24.27
Small (%) 6.87 0.09 8.53
Tiny (%) -- -- 0.27

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 67.66 11.12 1.91 9.94
equal State Bank of India Financial 29.35 8.82 0.00 8.82
equal HDFC Bank Financial 29.57 8.57 3.00 7.92
equal HDFC Financial 33.50 6.29 0.00 6.29
equal Infosys Technology 19.54 7.72 0.00 5.67
equal Reliance Industries Energy 23.90 5.49 0.00 5.49
equal Axis Bank Financial 47.71 6.88 0.00 5.37
equal Kotak Mahindra Bank Financial 39.32 5.45 1.43 3.88
equal Tata Consultancy Services Technology 23.99 3.39 0.00 2.99
equal Bajaj Finance Financial 49.61 3.16 0.94 2.96
equal BPCL Energy 16.82 2.88 0.00 2.73
equal Voltas Cons Durable 45.68 2.51 0.00 2.41
equal Bata India FMCG 60.91 2.70 0.00 2.37
equal Jubilant FoodWorks Services 66.58 2.23 0.00 2.20
equal Hindustan Unilever FMCG 65.92 2.57 0.00 2.17
equal Larsen & Toubro Construction 19.37 2.74 1.24 2.13
equal HPCL Energy 8.02 2.46 0.00 2.08
up Eris Lifesciences Healthcare 20.47 2.06 0.00 2.06
equal Bharti Airtel Communication 2.04 0.00 2.04
equal Divi's Laboratories Healthcare 37.89 2.29 0.00 1.86
equal Titan Company Cons Durable 73.35 2.12 0.00 1.80
equal Havells India Engineering 54.04 3.03 0.00 1.64
equal Ultratech Cement Construction 36.68 1.70 0.47 1.55
equal Piramal Enterprises Healthcare 16.14 2.30 0.00 1.53
equal BHEL Engineering 20.91 1.27 0.00 1.16

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-Nov-2019

Fund Manager

— Ennettee 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:


1.03%

Change from previous, NAV as on 13-Dec-2019

Dividend: ₹ 62.0045

Growth: ₹ 19.2095


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 (₹) 500
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
Benchmark: S&P BSE Sensex TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2,063 Cr (As on 30-Nov-2019)
Expense: 2.09% (As on 30-Nov-2019)
Risk Grade: Average
Return Grade: High
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend25-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: 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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM