Sahara TaxGain Growth
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- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
|Exit Load||1% for 1085 Days|
More about this fund
|Reliance Industries Ltd||8.26%|
|HDFC Bank Ltd||7.15%|
|ICICI Bank Ltd||6.89%|
|Ipca Laboratories Ltd||4.46%|
|Bata India Ltd||3.85%|
|Divi's Laboratories Ltd||3.29%|
|Dabur India Ltd||3.21%|
|Coromandel International Ltd||3.18%|
|Axis Bank Ltd||3.12%|
About Sahara Tax Gain Fund
Sahara Tax Gain Fund is an open-ended equity-ELSS Scheme. The basic objective of the Scheme is to provide immediate tax relief and long term capital gains to investors. The Scheme is benchmarked against S&P BSE 200. The Scheme is available under Dividend and Growth Option. The minimum and subsequent purchase amount is Rs 500 and in multiples of Re 1 thereafter.
Pros & Cons of Sahara Tax Gain Fund
Sahara Tax Gain Fund offers following benefits:
- The Scheme is equity oriented scheme where the investments are predominantly in equity linked securities (more than 80%) and thus suitable for long term capital growth.
- Exemption up to Rs 1.5 Lakh is available under section 80C of the Income Tax Act
- The Scheme is not ranked in ELSS category by Crisil for quarter ended September 2018.
Fund Information and Statistics of Sahara Tax Gain Fund
i) Inception / Launch date
The Fund was launched in 1 April 1997 as a closed scheme and went open ended from 7 November 2002.
ii) Risk level
The Fund’s Riskometer is determined as “Moderately High” and thus the investment in Fund is suitable for capital growth over long term.
Redemptions of units are done by repurchase or buyback by the Sahara Mutual Fund House. In line with SEBI regulations, redemption cheques are dispatched within 10 working days of the receipt of redemption request at the authorized centre of the Sahara Mutual Fund.
iv) Fund Manager
The Scheme is managed by Mr. A.N. Sridhar. Mr. Sridhar has over two decades of experience in Banking and Mutual Fund Industry. He served Central Bank of India from March 1985 to October 1989. He held various responsibilities including equity dealing at UTI Mutual Fund from 1989 till 2003.
v) Entry / Exit load
a. Entry Load N/A
b. Exit Load
c. 1% if redeemed before 36 months; beyond 36 months - Nil
About Sahara Mutual Fund
Sahara Mutual Fund enables you to make correct investment decisions with the help of its team of finance experts. You can, thus, lead a stress-free life as they help you to choose the right fund as per your risk profile. The investment solutions offer a perfect balance of returns, safety and liquidity which suits the financial goals of the investors. You may also diversify your portfolios and reduce the risks involved in investment.
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Frequently Asked Questions
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All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns