3 Year return

21.12%
Launched on October 2014 (10 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹4199.87 Cr.

Expense Ratio

0.72% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
2

Ratings by other agencies

3
3
4

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Tata Mutual Fund Managers

There are no records found for Fund Manager

Fund House Details

Tata Mutual Fund

Tata Mutual Fund Asset management company

AUM ₹147,271.50 Cr.
No. of Schemes 162
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Tata Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

TATA Balanced Advantage Fund Direct Plan Growth

14.64%
scheme logo

Hybrid . Dynamic Asset Allocation or Balanced Advantage

TATA Balanced Advantage Fund Direct Plan Payout of IDCW Payout

14.64%
6.41%

About TATA India Tax Savings Fund Growth Direct Plan

The Tata India Tax Savings Fund Growth Direct Plan is an open-ended fund marketed by Tata Mutual Fund. This is an equity-linked savings scheme that offers tax deductions under Section 80C of the Income Tax Act of 1961. As an ELSS investment scheme, it comes with a compulsory lock-in period of 3 years. The fund invests predominantly in a highly-diversified portfolio of equity and equity-related securities of large-cap, mid-cap, and small-cap companies.

Investment Objective of the Scheme

The objective of the fund is to generate medium to long-term capital appreciation from equity investments while offering tax benefits. It is suitable for investors with a minimum investment horizon of 3 years. The objective is to generate maximum profits from investing in companies of various sizes.

Key Features of The Fund

5-year return 19.13%
Expense Ratio 0.72%
Fund Manager NA
Fund Size ₹4199.87 Cr
Risk Profile Very High

Is This Scheme Right for Me?

This scheme is suitable for investors wanting to invest for a minimum period of 3 years and gain the additional benefit of income tax savings. Simultaneously, these investors should also be ready for the possibility of principal loss during the investment period. Make sure to evaluate your tax savings requirements and risk tolerance to understand the suitability of investing in the TATA India Tax Savings Fund Growth Direct Plan. You may also consult with a financial advisor before investing.

AMC Contact Details

Name Tata Mutual Fund
Launch Date March 1994
Addresss Mulla House, Ground Floor, 51, M.G. Road, Near Flora Fountain, Mumbai – 400 001 Maharashtra
Contact (022) 6282 7777
Email service@tataamc.com
Website https://www.tatamutualfund.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Secure Your Retirement With SIPs

For many investors, a Systematic Investment Plan (SIP) is an excellent option when it comes to retirement planning. SIPs make disciplined investing possible by automating regular contributions, which add up to an impressive retirement fund over time. This strategy guarantees a stable retirement and mitigates market volatility. Take advantage of the mutual fund SIP calculator offered by Angel One to visualise how your investments can grow and assist in making informed decisions to achieve your retirement goals.

FAQs

What is today's NAV of TATA ELSS Tax Saver Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of TATA ELSS Tax Saver Fund Jun 21 2024 is 47.6753

What is the AUM of TATA ELSS Tax Saver Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of TATA ELSS Tax Saver Fund is 4199.87 crore.

What is the expense ratio of TATA ELSS Tax Saver Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of TATA ELSS Tax Saver Fund is 0.72%

What are the returns of TATA ELSS Tax Saver Fund since inception?

The TATA ELSS Tax Saver Fund was launched on Oct 13 2014. The fund has delivered a CAGR of 17.46 since inception.

What is the minimum SIP amount to invest in TATA ELSS Tax Saver Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for TATA ELSS Tax Saver Fund is 500.

How do I invest in TATA ELSS Tax Saver Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in TATA ELSS Tax Saver Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in TATA ELSS Tax Saver Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in TATA ELSS Tax Saver Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.