Rating : ★ ★ ★ ★ ☆
Tata India Tax Savings Fund Growth Direct Plan
 ÂELSS Fund
Fund Type
Open Ended
Investment Plan
Growth
Expense Ratio
1%
Asset Size
3555.69 Cr.
(As of 31 Aug, 2023)
Benchmark
S&P BSE SENSEX TR INR
Riskometer
Investors understand that their principal will be at Very High Risk.
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. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
 
Fund manager
Rupesh Patel
Exit load
N / A
Minimum sip
₹0
Minimum investment
₹500
Top Holdings
This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.
Company
Assets
ICICI Bank Ltd
7.60%
HDFC Bank Ltd
6.21%
State Bank of India
6.05%
Infosys Ltd
5.96%
Sector Allocation
About the Scheme Type
ELSS or Equity Linked Saving Schemes can help you with a two-fold benefit of saving your taxes and growing your money. ELSSare open-ended Equity Mutual Funds, investments in which qualify for tax exemptions under section 80C of the Income Tax Act of 1961. The scheme invests at least 80% of its total assets in equity and equity-linked instruments and comes with a mandatory lock-in period of 3 years. Returns from ELSS investments over and above 1 lac rupees are subject to LTCG (Long-Term Capital Gains) Tax at 10%.Given that these funds are passively managed, it also reduces the expense ratio and other fees making them cost efficient.
Ratings
This fund is rated 4 stars by Morning Star Ratings.