Reliance Tax Saver

  • Type or nature of fund

    Reliance Tax Saver Fund is an open-ended equity-linked savings scheme

  • Investment objective

    Reliance Tax Saver Fund is primarily invested in generating long-term capital growth by investment in equity and equity-related schemes.

  • Fund Information
    Inception date 22nd September 2005
    CRISIL rank 3 in ELSS Category
    Options Dividend and Growth

    Reliance Tax Saver Fund – Direct Plan (D)

    Reliance Tax Saver Fund – Growth Plan (G)

    Reliance Tax Saver Fund – Direct Plan-Growth Plan

    Reliance Tax Saver Fund – Direct Plan-Dividend Plan

    Entry load NA
    Exit load Nil
    Minimum investment Rs.500 and in multiples of Rs.500 thereafter. For existing customers minimum additional amount is Rs.500 and then in multiples of Rs.500

    Yes. Following is the break-up for minimum amount applicable for Reliance Tax Saver Mutual Fund SIP -

    1. Rs.500/- per month and then in multiples of Rs.500/- for minimum 60 months
    2. Rs.1000/- per month and then in multiples of Rs.500/- for minimum 12 months
    3. Rs.500/- per quarter and then in multiples of Rs.500/- for minimum 12 quarters
    4. Rs.1500/- per quarter and then in multiples of Rs.500/- for minimum 4 quarters
    5. Rs. 5000/- per year and then in multiples of Rs. 500/- for minimum 2 years
    Product label – Risk and target investors Moderately high risk. Good for customers who are looking to grow their money via equity-linked investments and who do not have the expertise to invest in stocks on their own.
    Benchmark S&P BSE 100 Index
    SWP Yes, Available
    STP Yes, Available
    Redemption Redemption requests for the fund should be placed by customers and are processed within 10 days from the date of request. Any delays in processing require fund provider to furnish an amount of penalty fee to the customer
    Taxation Taxation depends upon the type of scheme availed under the Reliance Tax Saver fund. The amount of tax is also dependent upon the returns earned. Customers are advised to get in touch with a financial adviser to get their taxation sorted.
  • Fund manager

    Ashwani Kumar is the fund manager for Reliance Vision Fund. Mr. Kumar has over 18 years of experience in the financial domain and has been a fund manager since 2003. Before joining Reliance as Fund Manager, he was a Senior Research Analyst at Zurich Asset Management Co. India Pvt. Ltd. Where he managed and tracked the automobile, metals and engineering sectors. Mr. Kumar holds an MBA degree in finance from the renowned Indian Institute of Management, Bangalore.

  • Other mutual fund schemes managed by him are

    • Reliance Top 200 Fund and
    • Reliance Tax Saver (ELSS) Fund.
  • Investment philosophy or strategy

    Reliance Tax Saver Mutual Fund is based on the following investment philosophy and sticks to the below mentioned strategy.

    • Invest in a balanced way in both mid cap and large cap stocks
    • Aims to invest in future potential leaders
    • Aims to invest in companies with potential of high growth in a 2-3 years period
    • The fund mostly has 2-3 sector calls at a time depending upon the current market trend
    • Contrarian calls too, make up a small percentage of the fund portfolio
    • Significant percentage of fund deals with investment in stocks of mid-cap companies
    • Multinational companies also form a significant chunk of this fund's investment
    • Allocation in themes like domestic, consumption and defensive in order to have a balanced portfolio at macro level
  • Portfolio – Sector / Top 10 holdings

    Given below is the stock names and the sector break-up of stocks that Reliance Tax Saver Fund currently holds.

    TVS Motor Company Ltd. 9.15% Auto Equity
    State Bank of India 5.30% Banking Equity
    Larsen & Toubro Ltd. 4.22% Construction Equity
    Honeywell Automation India Ltd. 3.93% Construction Equity
    Siemens Ltd. 3.80% Technology Equity
    ICICI Bank Ltd. 3.74% Banking Equity
    Tata Steel Ltd. 3.58% Ferrous Metals Equity
    Bharat Heavy Electricals Ltd. 3.28% Equipment Equity
    Jet Airways Ltd. 3.22% Service Equity
    Axis Bank Ltd. 3.21% Banking Equity
  • Fund Performance
    AUM Rs. 4448.18 crores
    NAV Rs. 41.94
    Portfolio Turover Ratio 0.43%
    Sharpe Ratio 0.16%

Benchmark Comparison

Following is the benchmark comparison for Reliance Tax Saver Fund as per data from May 29th, 2015.

Compounded Annualised Returns Scheme Returns % Benchmark Returns %
Returns for the last 1 year 38.06 16.46
Returns for the last 3 years 32.6 19.97
Returns for the last 5 years 20.37 10.41
Returns since inception (Inception date September 22, 2005) 17.5 13.42

Absolute Returns are mentioned for 1, 3 and 5 years respectively.

Expert view of the fund

Reliance Tax Saver Fund is sure a merit-holder in the long list of mutual fund schemes offered by Reliance. The scheme however has a limited appeal to investors who have a sufficiently high risk appetite and those who are ready to take the risk of uncertain market movements. The scheme. Since its launch in 2005, has been in the top 30 percentile of CRISIL mutual fund rated schemes. In the Equity-linked savings scheme or ELSS category, Reliance Tax Saver Fund is one of the most successful mutual fund schemes.

How to apply for Reliance Tax Saver Fund

Reliance Tax Saver Fund can be applied for both through online as well as offline channels. You can visit any of the Reliance Mutual Fund offices for information on the scheme and for the application form of this scheme. The filled form then needs to be submitted along with certain KYC documents. After this, this mutual fund scheme is opened on your name.

Alternatively, online website of Reliance Mutual Fund can be leveraged to make an online application for the Reliance Tax Saver Fund. New customers will need to obtain log in credentials and then fill the online application form while existing customers can log in using their user id and password. Services of fund advisers can be availed from Reliance in order to know various mutual fund schemes in-depth and then apply for the ones that suit you the best.

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