Tata India Tax Savings Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (11-Sep-24)
Returns (Since Inception)
Fund Overview
Fund Size
₹4,722 Cr
Expense Ratio
0.69%
ISIN
INF277K01I86
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
13 Oct 2014
About this fund
As of 11-Sep-24, it has a Net Asset Value (NAV) of ₹50.79, Assets Under Management (AUM) of 4722.04 Crores, and an expense ratio of 0.69%.
- Tata India Tax Savings Fund Direct Growth has given a CAGR return of 17.81% since inception.
- The fund's asset allocation comprises around 95.54% in equities, 0.00% in debts, and 4.46% in cash & cash equivalents.
- You can start investing in Tata India Tax Savings Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+32.61%
+37.53% (Cat Avg.)
3 Years
+19.19%
+18.61% (Cat Avg.)
5 Years
+22.28%
+22.70% (Cat Avg.)
Since Inception
+17.81%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹4,511.63 Cr | 95.54% |
| Others | ₹210.41 Cr | 4.46% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹278.72 Cr | 5.90% |
| ICICI Bank Ltd | Equity | ₹258.17 Cr | 5.47% |
| Infosys Ltd | Equity | ₹216.72 Cr | 4.59% |
| Reliance Industries Ltd | Equity | ₹203.23 Cr | 4.30% |
| State Bank of India | Equity | ₹189.75 Cr | 4.02% |
| Axis Bank Ltd | Equity | ₹151.59 Cr | 3.21% |
| NTPC Ltd | Equity | ₹143.56 Cr | 3.04% |
| Bharti Airtel Ltd | Equity | ₹140.21 Cr | 2.97% |
| Larsen & Toubro Ltd | Equity | ₹134.34 Cr | 2.85% |
| A) Repo | Cash - Repurchase Agreement | ₹133.93 Cr | 2.84% |
| Samvardhana Motherson International Ltd | Equity | ₹133.67 Cr | 2.83% |
| Pricol Ltd | Equity | ₹102.38 Cr | 2.17% |
| Cummins India Ltd | Equity | ₹88.6 Cr | 1.88% |
| Tata Motors Ltd | Equity | ₹88.48 Cr | 1.87% |
| V-Mart Retail Ltd | Equity | ₹85.3 Cr | 1.81% |
| HCL Technologies Ltd | Equity | ₹83.77 Cr | 1.77% |
| UltraTech Cement Ltd | Equity | ₹83.21 Cr | 1.76% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹81.67 Cr | 1.73% |
| Brigade Enterprises Ltd | Equity | ₹80.71 Cr | 1.71% |
| Radico Khaitan Ltd | Equity | ₹77.56 Cr | 1.64% |
| Cash / Net Current Asset | Cash - Collateral | ₹76.48 Cr | 1.62% |
| Coal India Ltd | Equity | ₹75.72 Cr | 1.60% |
| Voltas Ltd | Equity | ₹75.34 Cr | 1.60% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹75.29 Cr | 1.59% |
| REC Ltd | Equity | ₹74.41 Cr | 1.58% |
| The Federal Bank Ltd | Equity | ₹72.5 Cr | 1.54% |
| Power Finance Corp Ltd | Equity | ₹70.99 Cr | 1.50% |
| Ambuja Cements Ltd | Equity | ₹68 Cr | 1.44% |
| PI Industries Ltd | Equity | ₹66.46 Cr | 1.41% |
| PVR INOX Ltd | Equity | ₹66.16 Cr | 1.40% |
| Gravita India Ltd | Equity | ₹65.61 Cr | 1.39% |
| Restaurant Brands Asia Ltd Ordinary Shares | Equity | ₹64.62 Cr | 1.37% |
| Cipla Ltd | Equity | ₹61.77 Cr | 1.31% |
| Hindalco Industries Ltd | Equity | ₹60.26 Cr | 1.28% |
| UNO Minda Ltd | Equity | ₹57.98 Cr | 1.23% |
| Anant Raj Ltd | Equity | ₹56.26 Cr | 1.19% |
| Graphite India Ltd | Equity | ₹53.22 Cr | 1.13% |
| SBI Life Insurance Company Limited | Equity | ₹52.61 Cr | 1.11% |
| UTI Asset Management Co Ltd | Equity | ₹52.4 Cr | 1.11% |
| KEI Industries Ltd | Equity | ₹50.87 Cr | 1.08% |
| Flair Writing Industries Ltd | Equity | ₹48.02 Cr | 1.02% |
| Varroc Engineering Ltd Ordinary Shares | Equity | ₹47.26 Cr | 1.00% |
| Craftsman Automation Ltd | Equity | ₹46.67 Cr | 0.99% |
| Cyient Ltd | Equity | ₹45.31 Cr | 0.96% |
| Bharat Electronics Ltd | Equity | ₹45.04 Cr | 0.95% |
| Ami Organics Ltd | Equity | ₹44.57 Cr | 0.94% |
| Jubilant Foodworks Ltd | Equity | ₹43.41 Cr | 0.92% |
| City Union Bank Ltd | Equity | ₹43.07 Cr | 0.91% |
| KNR Constructions Ltd | Equity | ₹40.5 Cr | 0.86% |
| Tech Mahindra Ltd | Equity | ₹40.41 Cr | 0.86% |
| Barbeque-Nation Hospitality Ltd | Equity | ₹40.17 Cr | 0.85% |
| SBI Cards and Payment Services Ltd Ordinary Shares | Equity | ₹38.16 Cr | 0.81% |
| Neogen Chemicals Ltd | Equity | ₹33.3 Cr | 0.71% |
| Gujarat State Petronet Ltd | Equity | ₹31.13 Cr | 0.66% |
| Piramal Enterprises Ltd | Equity | ₹27.39 Cr | 0.58% |
| Bajaj Finance Ltd | Equity | ₹22.46 Cr | 0.48% |
| Jio Financial Services Ltd | Equity | ₹22.17 Cr | 0.47% |
| Bharti Airtel Ltd (Partly Paid Rs.1.25) | Equity | ₹10.46 Cr | 0.22% |
Allocation By Market Cap (Equity)
Large Cap Stocks
58.69%
Mid Cap Stocks
13.05%
Small Cap Stocks
23.81%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,429.68 Cr | 30.28% |
| Consumer Cyclical | ₹709.94 Cr | 15.03% |
| Industrials | ₹646.86 Cr | 13.70% |
| Basic Materials | ₹355.8 Cr | 7.53% |
| Technology | ₹340.9 Cr | 7.22% |
| Energy | ₹278.95 Cr | 5.91% |
| Communication Services | ₹216.83 Cr | 4.59% |
| Utilities | ₹174.69 Cr | 3.70% |
| Healthcare | ₹143.44 Cr | 3.04% |
| Real Estate | ₹136.97 Cr | 2.90% |
| Consumer Defensive | ₹77.56 Cr | 1.64% |
Risk & Performance Ratios
Standard Deviation
This fund
13.07%
Cat. avg.
12.72%
Lower the better
Sharpe Ratio
This fund
1.07
Cat. avg.
1.02
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.94
Higher the better
Fund Managers
Sailesh Jain
Since December 2021
Tejas Gutka
Since March 2021
Additional Scheme Detailsas of 31st July 2024
ISIN | INF277K01I86 | Expense Ratio | 0.69% | Exit Load | No Charges | Fund Size | ₹4,722 Cr | Age | 13 Oct 2014 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4722.04 Cr | 32.6% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4722.04 Cr | 31.1% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38422.94 Cr | 32.9% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4016.58 Cr | 32.8% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4016.58 Cr | 31.4% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹56.80 Cr | 36.0% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.80 Cr | 33.9% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹385.94 Cr | 51.8% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹385.94 Cr | 49.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1673.99 Cr | 24.7% |
About the AMC
Total AUM
₹1,76,658 Cr
Address
Mafatlal Centre, 9th Floor, Mumbai, 400 021
Other Funds by Tata Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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Who manages the Tata India Tax Savings Fund Direct Growth?
- Sailesh Jain
- Tejas Gutka
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