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Unrated

Shriram Long Term Equity Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.24 Lakh

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 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 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-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -3.92 0.66 2.16 7.36 14.03 -3.99 4.21 -- -- -- --
S&P BSE 500 TRI -9.65 0.85 2.44 7.63 19.31 -10.29 -4.91 -- -- -- --
Equity: ELSS -9.63 0.71 2.05 6.50 15.81 -10.22 -4.74 -- -- -- --
Rank within category 4 25 18 8 30 4 2 -- -- -- --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 1

As on 09-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Shriram Long Term Equity Fund - Direct Plan
Unrated
Jan-19 4.21 -- -- 0.60 25
Axis Long Term Equity Fund - Direct Plan  | Invest Online
5 star
Jan-13 0.30 7.62 8.96 0.93 20,292
Aditya Birla Sun Life Tax Relief 96 - Direct Plan  | Invest Online
4 star
Jan-13 1.38 4.06 8.15 0.94 9,177
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 -2.65 3.82 8.58 0.94 5,359
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 0.72 7.27 -- 0.45 3,141

Best & Worst Performance

Best (Period) Worst (Period)
Week 8.26 (24-Mar-2020 - 31-Mar-2020) -14.73 (11-Mar-2020 - 18-Mar-2020)
Month 16.21 (23-Mar-2020 - 22-Apr-2020) -29.33 (20-Feb-2020 - 23-Mar-2020)
Quarter 26.82 (23-Mar-2020 - 22-Jun-2020) -27.49 (23-Dec-2019 - 23-Mar-2020)
Year 18.27 (19-Feb-2019 - 19-Feb-2020) -20.29 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS* 3.36 21.18 -0.09 -0.10 0.95 -0.97
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 44
Top 10 Stocks (%) 42.23
Top 5 Stocks (%) 25.97
Top 3 Sectors (%) 52.83
Portfolio P/B Ratio 3.93
Portfolio P/E Ratio 26.19

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,10,210 95,668
Giant (%) 58.48 55.04
Large (%) 13.23 16.25
Mid (%) 25.81 21.51
Small (%) 2.48 7.21
Tiny (%) -- 0.01

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 31.35 8.76 3.85 7.73
down HDFC Bank Financial 22.68 8.56 4.64 6.02
up HDFC Life Insurance Financial -- 4.46 0.73 4.46
equal Abbott India Healthcare 55.74 4.88 0.54 4.06
equal ICICI Bank Financial 25.08 5.28 2.45 3.70
down Sanofi India Healthcare 43.00 5.85 0.00 3.56
up HDFC Asset Management Company Financial 41.96 4.66 0.00 3.55
equal ITC FMCG 15.70 5.10 2.21 3.16
equal Bharti Airtel Communication -- 3.25 0.00 3.02
up ICICI Lombard General Insurance Company Financial 48.46 2.97 0.00 2.97
equal Hindustan Unilever FMCG 75.69 3.03 0.80 2.83
equal Avenue Supermarts Services 115.56 3.12 0.00 2.78
up Infosys Technology 20.06 4.78 0.83 2.47
down Jubilant Life Sciences Healthcare 12.56 2.35 0.00 2.35
up HDFC Financial 15.72 6.97 2.04 2.27
equal 3M India Services 68.19 2.64 0.00 2.22
up City Union Bank Financial 21.49 1.86 0.00 1.86
equal Bajaj Finance Financial 38.12 3.73 0.37 1.72
equal Tata Consultancy Services Technology 25.58 2.60 0.83 1.48
equal Asian Paints Chemicals 60.87 2.09 0.86 1.44
equal Axis Bank Financial 69.10 3.52 1.44 1.44
equal Castrol India Energy 15.72 1.42 0.00 1.42
equal Dabur India FMCG 57.88 2.34 0.83 1.14
equal Pidilite Industries Chemicals 62.80 1.76 0.53 1.10
equal Westlife Development Services -- 1.15 0.00 1.06

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-Jun-2020

Fund Manager

— Gargi Bhattacharyya Banerjee since 21-Nov-2019

Education: Ms. Banerjee is Master of Business Management in Finance and Bachelor of Science with Economics (Hon) from University of Calcutta.

Experience: Prior to joining Shriram Asset Management Co. Ltd she has worked with Zacks Research Pvt Ltd as Research Head and Shriram Insight Share Brokers Ltd

Funds Managed:


0.66%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 10.9235

Dividend: ₹ 10.9025


Investment Strategy

The Scheme seeks 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.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1,000
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: Shriram Mutual Fund
Launch Date: 25-Jan-2019
Return Since Launch: 6.26%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 25 Cr (As on 30-Jun-2020)
Expense: 0.60% (As on 31-May-2020)
Risk Grade: --
Return Grade: --
Turnover: 96.90%

Contact Information

AMC: Shriram Asset Management Company Ltd

Address: CK 6, 2nd Floor Sector II Salt Lake Kolkata - 700091

Phone: 033-23373012 / 9339787128

Fax: 033-23373014

Email: [email protected]

Website: http://www.shriramamc.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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