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Reliance Tax Saver (ELSS) Fund

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Fund performance since its inception in
September 2005

FAQ's

What are ELSS Funds?

ELSS (Equity Linked Savings Schemes) are equity oriented mutual funds offering tax benefits under Section 80C of the Income Tax Act 1961. ELSS products stand out among all the other tax saving options, given its higher equity exposure and hence the potential for Wealth Creation in addition to the taxation benefits.

How much Tax can I save by investing in ELSS funds?

You can save tax upto Rs. 46,800 per year by investing in ELSS funds subject to the following:

Individual and HUF having taxable income of less than Rs. 50 lakhs can invest upto Rs. 1.5 lakhs under the ELSS scheme during the FY 2018-19 as per provision of Section 80C of the Income Tax Act 1961 (Includes applicable cess). Tax saving will be proportionately reduced subject to the taxable income and investments.

Further, Investment in ELSS schemes is subject to lock in period of 3 years from the date of allotment of units. The tax benefits are as per the current income tax laws and rules. Investors are advised to consult their tax advisor before investing in such schemes.

How has Reliance Tax Saver (ELSS) Fund performed?

Since its inception on 21 September 2005, Reliance Tax Saver (ELSS) Fund has given a CAGR return of 13.66% p.a. (as on 31st December 2018)

Rs. 1 lac invested at the time of inception is worth Rs. 5.48 lac in the scheme compared to Rs. 5 lac in the Benchmark.

Please refer below for complete performance disclosure.

What are the USPs of Reliance Tax Saver (ELSS) Fund and why should I invest in the same?

  • Track record of over 13 years (Refer Below Fund performance since its inception in September 2005)
  • Fund endeavours to generate sustained long term alpha
  • Portfolio offers optimal mix of cyclical & defensive themes.
  • Tax benefit as per Section 80C of the Income Tax Act 1961.

What is the current investment philosophy of Reliance Tax Saver (ELSS) Fund?

  • Seeks to maintain balance between large cap companies and mid cap companies
  • Endeavors to invest in potential leaders
  • Invest in companies with potential of high growth prospects over medium term (2-3 years)
  • Generally, the fund has two or three sector calls at a time. They are mostly in-line of emerging market trends
  • Small percentage of portfolio is invested in contrarian calls
  • Significant percent of outstanding equity of the scheme is invested in high conviction mid-cap companies
  • Significant allocation/exposure is taken in Multinational Companies (MNC's)
  • Attempt to have a balanced portfolio on a macro basis, allocating to themes like Domestic, Consumption & Defensive

  • The current fund philosophy may change in future depending on market conditions or fund manager’s views.

Reliance Tax Saver (ELSS) Fund

SCHEME PERFORMANCE SUMMARY
NAV as on January 31, 2019: Rs 52.3102
Performance of Reliance Tax Saver (ELSS) Fund as on 31/01/2019
Particulars 1 Year CAGR % 3 Year CAGR % 5 Year CAGR % Since Inception
Reliance Tax Saver (ELSS) Fund -22.88 7.78 16.96 13.17
B: S&P BSE 100(TRI) -1.83 14.56 14.28 12.71
AB: S&P BSE Sensex(TRI) 2.06 14.86 13.60 12.86
Value of Rs 10000 Invested
Reliance Tax Saver (ELSS) Fund 7,712 12,527 21,900 52,310
B: S&P BSE 100(TRI) 9,817 15,054 19,498 49,513
AB: S&P BSE Sensex(TRI) 10,206 15,171 18,929 50,375
Inception Date: Sep 21, 2005
​​​Fund Manager: Ashwani Kumar (Since Sep 2005)​
​​​B - Benchmark    |   AB - Additional Benchmark |   TRI - Total Return Index
As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE 100 PRI values from 21/09/2005 to 29/06/2007 and TRI values since 29/06/2007.
As TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of S&P BSE Sensex PRI values from 21/09/2005 to 31/05/2007 and TRI values since 31/05/2007.

Note: Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

​​PERFORMANCE OF OTHER OPEN ENDED SCHEMES MANAGED BY FUND MANAGER: Ashwani Kumar
Scheme Name/s CAGR %
1 Year Return 3 Years Return 5 Years Return
Scheme Benchmark Scheme Benchmark Scheme Benchmark
Reliance Vision Fund -20.60 -3.89 7.59 14.36 13.89 15.28

Mr. Ashwani Kumar has been managing Reliance Vision Fund since Jun 2003.

​​Note​:

a.Mr. Ashwani Kumar manages 2 open-ended schemes of Reliance Mutual Fund .

b. In case the number of schemes managed by a fund manager is more than six, in the performance data of other schemes, the top 3 and bottom 3 schemes managed by fund manager has been provided herein.

c. Period for which scheme’s performance has been provided is computed basis last day of the month-end preceding the date of advertisement.

d. Different plans shall have a different expense structure. The performance details provided herein are of Growth Plan (Regular Plan).

​​

Note: Performance as on 31st January 2019

Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Performance of the schemes (wherever provided) are calculated basis CAGR for the past 1 year, 3 years, 5 years and since inception. In case, the start/end date of the concerned period is non-business day (NBD), the NAV of the previous date is considered for computation of returns. TRI - Total Returns Index reflects the returns on the index arising from (a) constituent stock price movements and (b) dividend receipts from constituent index stocks, thereby showing a true picture of returns. In the performance of other open ended schemes managed by the fund managers, the performance of the equity schemes is benchmarked to the Total Return variant of the Index.

 

Contact your Financial Advisor | SMS 'ELSS' to 561617 | www.reliancemutual.com

#To save tax upto Rs. 46,800: Individual and HUF having taxable income of less than Rs.50 lakhs can invest upto Rs. 1.5 lakhs under the ELSS scheme during the FY 2018-19 as per provision of Section 80C of the Income Tax Act 1961 (Includes applicable cess). Tax saving will be proportionately reduced subject to the taxable income and investments. Further, Investment in ELSS schemes is subject to lock in period of 3 years from the date of allotment of units. Long Term capital gain, if any on ELSS scheme investment is subject to applicable tax at the time of redemption. The tax benefits are as per the current income tax laws and rules. Investors are advised to consult their tax advisor before investing in such schemes. *SMS charges apply. Common Source: RMF Internal Research

Note: Investments in mutual funds should not be construed as a guarantee of any minimum returns. ELSS invests in equity and there is no capital protection guarantee or assurance of any return in mutual fund investment. Kindly consult your financial advisor before investing.



PRODUCT LABEL
​​Name of Scheme This product is suitable for investors who are seeking*:
Reliance Tax Saver (ELSS) Fund
(An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)

    • long term capital growth

    • investment in equity and equity related securities.


OTHER SCHEME PRODUCT LABEL
​​Name of Scheme This product is suitable for investors who are seeking*:
Reliance Vision Fund
(An open ended equity scheme investing in both large cap and mid cap stock)

    • long term capital growth

    • investment in equity and equity related instruments of large cap & mid cap companies through a research based approach.

​​​​
OTHER SCHEME PRODUCT LABEL
​​Name of Scheme This product is suitable for investors who are seeking*:
Reliance Mid & Small Cap Fund (An Open Ended Diversified Equity Scheme)

    • Long term capital growth

    •Investment in equity and equity related securities including derivatives.

Reliance Regular Savings - Equity Option​ Fund (An Open Ended Scheme)

    • Long term capital growth

    •Investment in equity and equity related securities

​​​​

Contact your Financial Advisor | www.reliancemutual.com