Tata India Tax Savings Fund Regular 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
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- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||9.34%|
|State Bank of India||7.93%|
|HDFC Bank Ltd||7.35%|
|Housing Development Finance Corp Ltd||6.38%|
|Reliance Industries Ltd||5.74%|
|Axis Bank Ltd||5.11%|
|Kotak Mahindra Bank Ltd||3.16%|
|Tata Consultancy Services Ltd||2.92%|
|Bharti Airtel Ltd||2.67%|
About Tata India Tax Savings Fund
Tata India Tax Saving Fund is an open-ended equity linked saving scheme (ELSS) with a compulsory lock-in of three years. The fund objective is to grow wealth to its investors in the equity market and also give the tax benefit under Section 80C.
Pros & Cons of Tata India Tax Saving Fund
The fund is performing steadily with good returns. The selection of funds ranges from a mix of top-down and bottom-up stocks.
Fund Information and Statistics of Tata India Tax Saving Fund
i) Inception / Launch date
This fund was launched on 31 March !996 by Tata Asset Management Limited
ii) Risk level
Risk is above average as fund’s performance is driven by the market’s wide fluctuations
Being an ELSS tax saver fund, it can be redeemed after a minimum lock-in period of 3 years, under normal circumstances, the fund house will dispatch the redemption proceeds to the respective bank account within 10 business days from date of receipt of the request.
iv) Fund Manager
Rupesh Patel is an experienced fund manager who has been managing this fund since April 2015.
v) Entry / Exit load
Exit load for this fund is 0%. However, an expense ratio of 2.17% will be applied every year.
Tax benefits of investing in Tata India Tax Saving Fund
Avail dual benefit of tax saving and wealth growth under this fund. Investment limit for tax saving exceeds up to Rs 1.5 lakh. The fund has a 3-year lock-in period and tax implications on capital gains will be applied 10% without indexation on the sale of units from this fund will be applicable at the time of sale.
About Tata Mutual Fund
Tata Mutual Fund is one of the most trusted and respected fund houses in India. It has been a consistent performer coupled with providing world-class service. It offers wide range of investment options across investor risk profiles. The fund house aims at achieving consistent, long-term results along with excellence, transparency and rigorous risk controls.
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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