|Fund Type||Open Ended|
|Benchmark||S&P BSE Sensex|
|Asset Size(Cr)||1219.03 (As on Feb 28, 2018)|
|Fund Manager||Rupesh Patel (3.0)|
|Min SIP Investment||500|
|Min Addl Investment||500|
|Last Dividend||2.85 (Feb-06-2015)|
|Period||Returns(%)||Benchmark Returns (%)|
- Returns for less than one year are Absolute, and those for more than one year are Annualised (CAGR).
- All the returns are calculated as against the performance of Nifty Free Float Midcap 100.
- The benchmark for the funds falling in small- and mid-cap category is Nifty Free Float Midcap 100.
|Fund Name||Ratings||1 Yr Rtn.||3 Yr Rtn.||5 Yr Rtn.|
|Tata India Tax Saving Fund (G)||
||11.82 %||13.11 %||10.26 %|
|Reliance Tax Saver (ELSS) Fund (G)||
|DSP BlackRock Tax Saver Fund (G)||
|Axis Long Term Equity Fund (G)||
|Aditya Birla Sun Life Tax Relief 96 (G)||
|Mirae Asset Tax Saver Fund (G)||
|Period||Returns (%)||BSE 200 (%)|
|No. of Investment||Amount Invested||Investment Value As on date||Units Purchased||CAGR|
| No. of Investment
|| Amount Invested
|| Investment Value As on date
|| Units Purchased || CAGR
The graph depicts the wealth generated or the historical returns offered by the SIP investments made in the selected time horizon.
|Total Amount Invested||Investment Value As on Date||Total Units Purchased||Abs. Return|
| Total Amount Invested
|| Investment Value As on Date
|| Total Units Purchased || Abs. Return
The graph depicts the wealth generated or the historical returns offered by the lump sum investments made in the selected time horizon.
|Sector||Value(In Cr)||Allocation (%)|
|Holdings||Instrument||Industry||Rating||Market Value||% to NAV|
TATA India Tax Saving Fund is an open-ended equity growth scheme belonging to the ELSS category. Within a mere span of 3 years since its launch in October 2014, this fund has taken the mutual fund industry by the storm and has given trendsetting performances, raising the bar so high that it has become a tough battle to win for its competitors. This fund comes with an inherent lock-in period of 3 years and has the dual benefit of tax advantage under section 80C of the Income Tax Act, 1961, and the potential to capture the opportunities for long term wealth creation. Because of the 3-year lock-in period embedded in the scheme, the fund managers are able to manage the assets quite ably as it buys them time to devise a prudent asset allocation strategy, which ultimately leads to tapping the full wealth generation potential of the fund and adds stability to the corpus.
A Brief Insight into ELSS Funds
Since TATA India Tax Saving Fund belongs to the ELSS category, it is important for you to understand what these funds actually mean and how do they benefit the investors. Simply speaking, ELSS are the tax saving investment schemes that provide the dual benefit of steady income generation and acting as a shield for your money against the dirty hands of the taxman by allowing you to take the advantage of deduction of up to Rs. 1,50,000 from your taxable income and thus, saving you up to Rs. 46350/- on your tax liability. Amongst all other tax saving instruments available out there, ELSS Funds bear the least lock-in period and also allow the freedom of starting SIP investment in them with an amount as little as Rs. 500.
Thus, ELSS Mutual Funds are a great investment option for those who are looking forward to a feasible avenue for parking their money for a long period of time, generally between 3-5 years. However, it is important to draw a proper tax saving plan that clearly defines your objective of trimming your tax liabilities without which, it will be a waste of time as you’ll have your funds blocked for three years and it will be difficult for you to apply them to other important avenues which you didn’t think of, initially.
TATA Mutual Fund – An Overview
TATA India Tax Saving Fund (Growth) is a proud part of the most respected and biggest names in the Indian mutual fund industry, TATA Mutual Fund. This asset management company has established itself as a pioneer in the Indian money market, by releasing some of the top-notch and best products of mutual funds in India that have reciprocated immensely to the investors by making them earn better and live better.
It is always believed at TATA Mutual Fund that the investors should receive much more than what they have contributed to the fund, which is the reason why this group has expanded its name across the globe and has become a household name for the people. Working on the ideologies and belief of Mr. J.R.D. Tata, the doyen of industrialism in India, the AMC constantly strives to bring in consistency in the performance of its scheme by applying value-based and highly integrated investment methodologies, which is the reason why the schemes of TATA MF are capable of beating the benchmark and setting new trends in the industry.
To sum up, it can be said that TATA India Tax Saving Fund is a favourable choice for those who are eagerly waiting for a reliable investment option that could help them gain more money and cut down their tax liability, simultaneously. Since, this scheme belongs to the ELSS category which is again the best option for saving taxes, you can put your confidence in it and start your SIP and also calculate the return via SIP calculator. However, it is recommended that you consult your financial advisor before you make any investment decision, as he’ll be able to guide you in a better way and save you from falling into any pitfalls. Also, we at MySIPonline, provide unbiased financial consultancies to our investors and help them pick the best products to add to their portfolio. Further, the clients have the freedom to access our highly integrated and research based advice in the form of the fund suggestions that we give on our website, all of which have been suggested by our expert team of fund managers and analysts after doing an extensive market study.