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Fincash » Mutual Funds » TATA India Tax Savings Fund

TATA India Tax Savings Fund - G

NAV  ₹38.3017 ↑ 0.22  (0.57 %) as on 22 Apr 24

Scheme Objective

To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation..

Tata India Tax Savings Fund is a Equity - ELSS fund launched on 13 Oct 14. It is a fund with Moderately High risk and has given a CAGR return of 15.1% since its launch.  Ranked 1 in ELSS category.  Return for 2023 was 24% , 2022 was 5.9% and 2021 was 30.4% .

Below is the key information for Tata India Tax Savings Fund

NAV as on 22 Apr 24₹38.3017 ↑ 0.22  (0.57 %)
Net Assets (AUM) as on 31 Mar 2024 ₹4,028 Cr.
Launch Date13 Oct 2014
CategoryEquity - ELSS
Rating
TypeOpen Ended Fund
RiskModerately High
AMCTata Asset Management Limited
Alpha Ratio-4.3
Expense Ratio1.75 %
Sharpe Ratio2.136
Information Ratio-0.58
BenchmarkNot Available
Min Investment ₹500
Min SIP Investment ₹500
Exit Load NIL

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 22 Apr 24

DurationReturns
1 Month 4.4%
3 Month 4%
6 Month 14.4%
1 Year 33.9%
3 Year 19.1%
5 Year 16%
10 Year
15 Year
Since launch 15.1%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 24%
2022 5.9%
2021 30.4%
2020 11.9%
2019 13.6%
2018 -8.4%
2017 46%
2016 2.1%
2015 13.3%

Growth of 10k Over Years

DateValue
31 Mar 19₹10,000
31 Mar 20₹7,609
31 Mar 21₹12,726
31 Mar 22₹15,474
31 Mar 23₹15,466
31 Mar 24₹20,554
TATA India Tax Savings Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash3.44%
Equity96.56%
TATA India Tax Savings Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services31.74%
Industrials15.11%
Consumer Cyclical12.08%
Technology8.77%
Basic Materials6.86%
Energy4.91%
Health Care4.47%
Communication Services4.31%
Utility3.73%
Real Estate2.48%
Consumer Defensive2.11%
TATA India Tax Savings Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | HDFCBANK
Banks - Regional8%₹303 Cr2,160,000
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | ICICIBANK
Banks - Regional6%₹245 Cr2,325,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jan 18 | RELIANCE
Oil & Gas Refining & Marketing5%₹197 Cr675,000
Infosys Ltd (Technology)
Equity, Since 30 Sep 18 | INFY
Information Technology Services5%₹194 Cr1,160,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 18 | SBIN
Banks - Regional5%₹187 Cr2,500,000
Axis Bank Ltd (Financial Services)
Equity, Since 31 Aug 18 | 532215
Banks - Regional3%₹140 Cr1,300,000
Larsen & Toubro Ltd (Industrials)
Equity, Since 30 Nov 16 | LT
Engineering & Construction3%₹122 Cr352,147
NTPC Ltd (Utilities)
Equity, Since 30 Jun 21 | 532555
Utilities - Regulated Electric3%₹116 Cr3,451,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 30 Sep 19 | BHARTIARTL
Telecom Services3%₹106 Cr940,000
HCL Technologies Ltd (Technology)
Equity, Since 31 Oct 20 | HCLTECH
Information Technology Services2%₹85 Cr510,000
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Fund Managers

NameSinceTenure
Sailesh Jain16 Dec 212.29 Yr.
Tejas Gutka9 Mar 213.07 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

Computer Age Management Services Ltd
AddressNew No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam
FAX91-44-28283610
Emailenq_L@camsonline.com

Administrator Companies

CompanyAddress
Tata Mutual Fund1903, B-Wing, Parinee Crescenzo,,G-Block, Bandra Kurla Complex, Bandra East Mumbai 400051

Auditors

CompanyAddress
Deloitte Haskins & Sells LLP12, Dr. Annie Besant Road, Opp. Shiv Sagar Estate,,Worli
M/s BSR & Co.KPMG House, Kamala Mills Compound,448 Senapati Bapat Marg,Lower Parel

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Tata India Tax Savings Fund
Normal Dividend, Payout
₹89.2048
↑ 0.50
9.75 %28.46 %17.07 %14.42 %
Tata India Tax Savings Fund
Growth
₹38.3017
↑ 0.22
14.4 %33.9 %19.09 %16.04 %
Data as on 22 Apr 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.