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Shriram ELSS Tax Saver Fund

Equity

Investment Objective

The primary investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity related securities and enable investors to avail the income tax rebate, as permitted from time to time

Historical NAV

Shriram ELSS Tax Saver Fund

₹ 22.42

May 24, 2024

40.95 % p.a.

1 Year returns

Past performance may or may not be sustained in future

Returns

  • 1Y
  • 3Y
  • 5Y
  • 10Y
  • Since Inception
  • 1Y
  • 3Y
  • 5Y
  • 10Y
  • Since Inception
Worth of investment 1 Year

Lumpsum

1 Lakh Investment Grown to

₹ 1 Lakh

SIP

₹ 10000 Monthly SIP Grown to

₹ 10.29 Lakh

Disclaimer: Past performance may or may not be sustained in future. For performance in SEBI Format please refer performance section. 

This fund is ideal for you if you are looking for

Tax Planning

Plan this Goal

Why invest in Shriram ELSS Tax Saver Fund?

  • beating-return

    Dual benefits: Shriram ELSS Tax Saver Fund is an ELSS investment that qualifies for tax deductions under Section 80C of the Income Tax Law while generating high returns.

  • downside-protection

    Long-term capital appreciation: The mandatory lock-in period of 3 years your money grows with market-beating returns.

  • active-fund

    Downside protection: The 3-year lock-in period helps in avoiding short-term market volatility.

How to invest in Shriram ELSS Tax Saver Fund?

  • 1

    Register and create a folio by completing KYC verification and bank account authentication.

  • 2

    Select the mutual fund you wish to invest in, enter the amount you want to invest.

  • 3

    Make the payment.

  • 4

    Receive a confirmation of your investment.

How does the fund work

Renuka invested in Shriram ELSS Tax Saver Fund for long-term wealth creation and tax-saving benefits.

Her investment grew steadily over the 3-year lock-in period, and she saved on tax as well.

In a few years, her total investment had grown, and she was able to achieve her financial goals.

Disclaimer: The performance of any mutual fund is subject to market risks and may vary from person to person. The above-mentioned story is for illustrative purposes only and should not be considered as a guarantee or assurance of the performance of any mutual fund. It is important to do your own research and consult with a financial advisor before making any investment decisions. 

This product is suitable for investors* who are seeking:

  • Long term capital appreciation with a 3 years lock in and tax benefit
  • Investment in diversified portfolio of predominantly equity and equity-related securities.
  • Very High Risk

*Investors should consult their financial advisers if in doubt whether the product is suitable for them

Riskometer

Investors understand that their principal will be at very high risk

Benchmark Riskometer

Benchmark Riskometer is at very high risk

*Investors should consult their financial advisers if in doubt whether the product is suitable for them

Fund Details

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Asset under management

₹ 51.45 Cr
₹ 51.45 Cr
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Lock-in period

3 years
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Benchmark

NIFTY 500 TRI
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Inception Date

25-Jan-2019
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Scheme options

Regular Plan somthing went wrong

  • (i) Growth
  • (ii) IDCW (Payout/Reinvestment)

Direct Plan somthing went wrong

  • (i) Growth
  • (ii) IDCW (Payout/Reinvestment)
min-invest

Minimum Investment

₹ 500

and in multiples of ₹500/- thereafter

min-invest

Minimum Additional Purchase Amount: 

₹ 500

and in multiples of ₹500/- thereafter

Note: In accordance with the regulatory requirement, the minimum application amount and minimum redemption amount will not be applicable for investment made in schemes of the Fund in compliance with the SEBI circular no. SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/553 dated April 28, 2021 read along with SEBI circular no. SEBI/HO/IMD/IMD- I/DOF5/P/CIR/2021/629 dated September 20, 2021.

sip

SIP

Monthly

₹500 and in multiples of Re. 500/- thereafter

Quarterly

₹1500 and in multiples of Re. 500/- thereafter

enty-load

Entry load

There is no entry load

entry load

Exit load

There is no exit load

expense

Expense ratio

2.25%

Regular Growth

0.8%

Direct Growth

Fund Performance

Performance of Shriram ELSS Tax Saver Fund - Regular Growth as of May 22, 2024

Returns of Direct Plan - Growth Option as on 22-May-2024

Date of inception 25-Jan-2019

NAV Rs. 24.38AUM Rs.(in crore)51.45
DatePeriodNav (Rs.) Per UnitScheme Returns (%)Scheme Benchmark Returns (%)

Additional Benchmark (NIFTY50) Returns (%)

Current value of ₹ 10,000 invested
SchemeScheme Benchmark

Additional Benchmark (NIFTY50)

May 22, 2023Last 1 Year17.016643.28%38.29%24.80%₹14,328₹ 13,829₹ 12,480
May 21, 2021Last 3 Year14.013720.27%19.30%15.61%₹17,398₹ 16,981₹ 15,450
May 22, 2019Last 5 Year10.469418.42%18.49%15.36%₹23,288₹ 23,356₹ 20,428
May 22, 2014Last 10 YearNANANANANANANA
Jan 25, 2019Since Inception(25 Jan 2019)10.000018.22%18.77%16.27%₹24,381₹ 25,000₹ 22,319
Returns of Regular Plan - Growth Option as on 22-May-2024

Date of inception 25-Jan-2019

NAV Rs. 22.12AUM Rs.(in crore)51.45
DatePeriodNav (Rs.) Per UnitScheme Returns (%)Scheme Benchmark Returns (%)

Additional Benchmark (NIFTY50) Returns (%)

Current value of ₹ 10,000 invested
SchemeScheme Benchmark

Additional Benchmark (NIFTY50)

May 22, 2023Last 1 Year15.696940.95%38.29%24.80%₹14,095₹13,829₹ 12,480
May 21, 2021Last 3 Year13.399818.19%19.30%15.61%₹16,511₹16,981₹ 15,450
May 22, 2019Last 5 Year10.402816.29%18.49%15.36%₹21,268₹23,356₹ 20,428
May 22, 2014Last 10 YearNANANANANANANA
Jan 25, 2019Since Inception10.000016.08%18.77%16.27%₹22,125₹25,000₹ 22,319

Disclaimer : MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. NIFTY 500 TRI value is the scheme benchmark. As per SEBI circular no. SEBl/HO/lMD/DF3/ClR/P/2018/04 dated Jan 04, 2018, the performance of the scheme is benchmarked to the Total Return variant of the Index. The returns are Compounded Annual Growth Returns (CAGR) for the past 1 year, 3 years & since inception and simple annualized for less than 1 year. Different plans shall have a different expense structure. The performance details provided herein are of Regular Plan-Growth Option & Direct Plan-Growth Option. Performance of Income Distribution cum Capital Withdrawal (IDCW) option would be Net of Dividend distribution tax, if any. For computation of return since inception (0/0) the allotment NAV has been taken as Rs. 10.00. Point-to-point returns on a standard investment of Rs. 10,000/- are in addition to CAGR for the Scheme. Past performance may or may not be sustained in future. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a Non-Business Date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. The scheme is being currently managed by Mr. Deepak Ramaraju along with Ms. Gargi Bhattacharyya Banerjee with effect from August 20, 2022.

Fund Portfolio

Sector Allocation

(as on 09 Feb 2024)

  • Equity

    88.76%
  • Money Market Instruments

    8.09%
  • Others

    3.15%
Sector Allocation

(as on 09 Feb 2024)

  • Banks

    9.89%
  • Petroleum Products

    6.77%
  • IT - Software

    11.28%
  • Construction

    6.03%
  • Telecom - Services

    3.12%
Holdings (70)
NameSectorInstrumentAssets
TREPS - 01FEB2024Money Market Instruments
HDFC Bank Ltd.BanksEquity
Reliance Industries Ltd.Petroleum ProductsEquity
Infosys Ltd.IT - SoftwareEquity
Cash, Cash Equivalents and Net Current AssetsOthers
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Holdings

(as on 09 Feb 2024)

NameSectorInstrumentAssets
TREPS - 01FEB2024Money Market Instruments
HDFC Bank Ltd.BanksEquity
Reliance Industries Ltd.Petroleum ProductsEquity
Infosys Ltd.IT - SoftwareEquity
Cash, Cash Equivalents and Net Current AssetsOthers
ICICI Bank Ltd.BanksEquity
Larsen & Toubro Ltd.ConstructionEquity
Bharti Airtel Ltd.Telecom - ServicesEquity
Tata Consultancy Services Ltd.IT - SoftwareEquity
Bajaj Auto Ltd.AutomobilesEquity
NTPC Ltd.PowerEquity
MRF Ltd.Auto ComponentsEquity
Tata Consumer Products Ltd.Agricultural Food & other ProductsEquity
ITC Ltd.Diversified FMCGEquity
REC Ltd.FinanceEquity
Tata Motors Ltd DVRAutomobilesEquity
Power Finance Corporation Ltd.FinanceEquity
HCL Technologies Ltd.IT - SoftwareEquity
Aurobindo Pharma Ltd.Pharmaceuticals & BiotechnologyEquity
Jindal Stainless Ltd.Ferrous MetalsEquity
Titan Company Ltd.Consumer DurablesEquity
TVS Motor Company Ltd.AutomobilesEquity
Rail Vikas Nigam Ltd.ConstructionEquity
Trent Ltd.RetailingEquity
Chalet Hotels Ltd.Leisure ServicesEquity
Tata Power Co. Ltd.PowerEquity
Brigade Enterprises Ltd.RealtyEquity
Blue Star Ltd.Consumer DurablesEquity
Oil India Ltd.OilEquity
Indian Oil Corporation Ltd.Petroleum ProductsEquity
Exide Industries Ltd.Auto ComponentsEquity
Gujarat Gas Ltd.GasEquity
Birlasoft Ltd.IT - SoftwareEquity
Hindustan Aeronautics Ltd.Aerospace & DefenseEquity
Jyothy Labs Ltd.Household ProductsEquity
Steel Authority of India Ltd.Ferrous MetalsEquity
Samhi Hotels Ltd.Leisure ServicesEquity
Glaxosmithkline Pharmaceuticals Ltd.Pharmaceuticals & BiotechnologyEquity
Fortis Healthcare Ltd.Healthcare ServicesEquity
Ratnamani Metals & Tubes Ltd.Industrial ProductsEquity
KPIT Technologies Ltd.IT - SoftwareEquity
UltraTech Cement Ltd.Cement & Cement ProductsEquity
Alkem Laboratories Ltd.Pharmaceuticals & BiotechnologyEquity
Mazagoan Dock Shipbuilders Ltd.Industrial ManufacturingEquity
NLC India Ltd.PowerEquity
Great Eastern Shipping Co. Ltd.Transport ServicesEquity
Century Plyboards (India) Ltd.Consumer DurablesEquity
Suven Pharmaceuticals Ltd.Pharmaceuticals & BiotechnologyEquity
Prestige Estates Projects Ltd.RealtyEquity
IRCON International Ltd.ConstructionEquity
Solar Industries India Ltd.Chemicals & PetrochemicalsEquity
Persistent Systems Ltd.IT - SoftwareEquity
Housing & Urban Development Corporation Ltd.FinanceEquity
Ajanta Pharmaceuticals Ltd.Pharmaceuticals & BiotechnologyEquity
Railtel Corporation Of India Ltd.Telecom - ServicesEquity
NBCC (India) Ltd.ConstructionEquity
Indian Renewable Energy Develop. Agency Ltd.FinanceEquity
Jindal Saw Ltd.Industrial ProductsEquity
Indian Railway Finance Corporation Ltd.FinanceEquity
Hindustan Copper Ltd.Non - Ferrous MetalsEquity
ITD Cementation India Ltd.ConstructionEquity
PCBL Ltd.Chemicals & PetrochemicalsEquity
Gujarat Mineral Development Corporation Ltd.Minerals & MiningEquity
Wipro Ltd.IT - SoftwareEquity
Kalyan Jewellers India Ltd.Consumer DurablesEquity
H.E.G. Ltd.Industrial ProductsEquity
Cyient Ltd.IT - ServicesEquity
NHPC Ltd.PowerEquity
Jupiter Wagons Ltd.Agricultural, Commercial & Construction VehiclesEquity
Shilchar Technologies LtdElectrical EquipmentEquity
fund-management-box1

Funds managed by
Mr Deepak Ramaraju

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Mr. Deepak Ramaraju is a highly experienced Senior Fund Manager at Shriram Asset Management Company Ltd, with over two decades of diversified experience under his belt. He holds a degree in chemical engineering and has been associated with equity markets for the past 17 years. Before joining Shriram Asset Management Company, Mr. Deepak was part of the global equity research team and advised the Sanlam Group of South Africa on their India-focused fund. Prior to his stint in the financial industry, Mr. Deepak worked as a researcher and co-inventor at GE India Technology Center, Bangalore. During his time there, he was credited with 10 patents, highlighting his expertise and innovative abilities. His diverse background and extensive experience make him a valuable asset to the Shriram Asset Management team.

Funds managed by the fund manager

  • Shriram Aggressive Hybrid Fund
  • Shriram Flexi Cap Fund
  • Shriram ELSS Tax Saver Fund
  • Shriram Balanced Advantage Fund
  • Shriram Overnight Fund
  • Shriram Multi Asset Allocation Fund
fund-management-box2

Funds managed by Ms Gargi Bhattacharyya Banerjee

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Ms. Gargi Bhattacharyya Banerjee serves as the Fund Manager of Shriram Mutual Fund having an experience of more than 20 years in her professional career. She received her Bachelor of Science with Economics (H) and Master of Business Management with specialization in Finance from the University of Calcutta. She joined as Research Manager in Shriram Asset Management Company Limited in November 2012 and before that, she has held key position in the Research team with Zacks Research Private Limited and Shriram Insight Share Brokers Limited.

Funds managed by the fund manager

  • Shriram Aggressive Hybrid Fund
  • Shriram Flexi Cap Fund
  • Shriram ELSS Tax Saver Fund
  • Shriram Balanced Advantage Fund
  • Shriram Overnight Fund
  • Shriram Multi Asset Allocation Fund
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Sector Allocation
  • Banks

    9.89%
  • Petroleum Products

    6.77%
  • IT - Software

    11.28%
  • Construction

    6.03%
  • Telecom - Services

    3.12%
  • Automobiles

    5.39%
  • Power

    4.48%
  • Auto Components

    3.00%
  • Agricultural Food & other Products

    1.89%
  • Diversified FMCG

    1.80%
  • Finance

    5.36%
  • Pharmaceuticals & Biotechnology

    5.06%
  • Ferrous Metals

    2.46%
  • Consumer Durables

    3.84%
  • Retailing

    1.17%
  • Leisure Services

    2.13%
  • Realty

    1.95%
  • Oil

    1.03%
  • Gas

    1.00%
  • Household Products

    0.99%
  • Aerospace & Defense

    0.99%
  • Healthcare Services

    0.97%
  • Industrial Products

    2.00%
  • Cement & Cement Products

    0.94%
  • Industrial Manufacturing

    0.93%
  • Transport Services

    0.91%
  • Chemicals & Petrochemicals

    1.34%
  • Non - Ferrous Metals

    0.51%
  • Minerals & Mining

    0.49%
  • IT - Services

    0.44%
  • Agricultural, Commercial & Construction Vehicles

    0.30%
  • Electrical Equipment

    0.30%
  • 11.24%

Fund Management

fund-management-box1

Mr Deepak Ramaraju
Managing this fund since 20 Aug 22

Mr Deepak Ramaraju

Managing this fund since 20 Aug 22

Work Experience

21 years

Fund Managed

05

Mr. Deepak Ramaraju is a highly experienced Senior Fund Manager at Shriram Asset Management Company Ltd, with over two decades of diversified experience under his belt. He holds a degree in chemical engineering and has been associated with equity markets for the past 17 years. Before joining Shriram Asset Management Company, Mr. Deepak was part of the global equity research team and advised the Sanlam Group of South Africa on their India-focused fund. Prior to his stint in the financial industry, Mr. Deepak worked as a researcher and co-inventor at GE India Technology Center, Bangalore. During his time there, he was credited with 10 patents, highlighting his expertise and innovative abilities. His diverse background and extensive experience make him a valuable asset to the Shriram Asset Management team. 

fund-management-box2

Ms Gargi Bhattacharyya Banerjee
Managing this fund since 25 Jan 19

Ms Gargi Bhattacharyya Banerjee

Managing this fund since 25 Jan 19

Work Experience

22 years

Fund Managed

05

Ms. Gargi Bhattacharyya Banerjee serves as the Fund Manager of Shriram Mutual Fund having an experience of more than 20 years in her professional career. She received her Bachelor of Science with Economics (H) and Master of Business Management with specialization in Finance from the University of Calcutta. She joined as Research Manager in Shriram Asset Management Company Limited in November 2012 and before that, she has held key position in the Research team with Zacks Research Private Limited and Shriram Insight Share Brokers Limited. 

fund-management-box1

See all schemes managed by
Deepak Ramaraju

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Mr. Deepak Ramaraju is a highly experienced Senior Fund Manager at Shriram Asset Management Company Ltd, with over two decades of diversified experience under his belt. He holds a degree in chemical engineering and has been associated with equity markets for the past 16 years. Before joining Shriram Asset Management Company, Mr. Deepak was part of the global equity research team and advised the Sanlam Group of South Africa on their India-focused fund. Prior to his stint in the financial industry, Mr. Deepak worked as a researcher and co-inventor at GE India Technology Center, Bangalore. During his time there, he was credited with 10 patents, highlighting his expertise and innovative abilities. His diverse background and extensive experience make him a valuable asset to the Shriram Asset Management team.

Funds managed by the fund manager

  • Shriram Aggressive Hybrid Fund
  • Shriram Flexi Cap Fund
  • Shriram ELSS Tax Saver Fund
  • Shriram Balanced Advantage Fund
  • Shriram Overnight Fund
  • Shriram Multi Asset Allocation Fund
fund-management-box2

See all schemes managed by Gargi Bhattacharyya Banerjee

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Ms. Gargi Bhattacharyya Banerjee serves as the Fund Manager of Shriram Mutual Fund having an experience of more than 20 years in her professional career. She received her Bachelor of Science with Economics (H) and Master of Business Management with specialization in Finance from the University of Calcutta. She joined as Research Manager in Shriram Asset Management Company Limited in November 2012 and before that, she has held key position in the Research team with Zacks Research Private Limited and Shriram Insight Share Brokers Limited.

Funds managed by the fund manager

  • Shriram Aggressive Hybrid Fund
  • Shriram Flexi Cap Fund
  • Shriram ELSS Tax Saver Fund
  • Shriram Balanced Advantage Fund
  • Shriram Overnight Fund
  • Shriram Multi Asset Allocation Fund

Fund House

Shriram Asset Management Co Ltd.

217, 2nd floor, Swastik Chamber, Near junction of S.T. & C.S.T. road, Chembur, Mumbai - 400 071

Email

customercare@shriramamc.co.in

Contact

Investor – 18604191200

Distributor - 18604191400

Frequently Asked Questions

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What is Shriram ELSS Tax Saver Fund?

An open-ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit. The fund shall be investing in a diversified portfolio of predominantly equity and equity-related securities. Eligible investors in the Scheme shall be entitled to deductions of the amount invested in units of the Scheme under Section 80C of the Income Tax Act, 1961.

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What is the Investment Objective?

The primary investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related securities and to enable investors to avail the income tax rebate, as permitted from time to time. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The Scheme does not assure or guarantee any returns.

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What is the suitability of this scheme?

The scheme is suitable for investors who have the objective of wealth creation (by investing into equity) as well as tax saving.

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What is the asset allocation?

The scheme shall invest a minimum of 80% and a maximum of 100% in equity and equity-related instruments. The balance, between 0% to 20%, would stay invested in debt securities including money market instruments.

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What is the Fund Management Process & Investment Style?

The Fund follows a top-down and bottom-up approach to select the best quality companies in the sectors that offer best economic potential.

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Who is the Fund Manager of the scheme?

The scheme is being currently managed by Mr. Deepak Ramaraju along with Ms. Gargi Bhattacharyya Banerjee

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What is the minimum investment amount?

Minimum investment amount is Rs. 500/- and in multiples of Rs. 500/- thereafter. Under Systematic Investment Plan, the minimum amount is Rs. 500/- monthly and Rs. 1,500/- quarterly.

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Is there any entry – exit load?

There is no entry load or exit load.

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What is the tax treatment of investment of Shriram ELSS Tax Saver Fund?

Long-term capital gains, after the 3-year lock-in, shall be tax free upto Rs. 1 lakh; capital gains exceeding Rs. 1 Lakh shall be taxed at the rate of 10% without allowing the benefit of any indexation.

Disclaimer: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. With regard to taxation, investors are advised to consult their tax consultants to know the consequences of tax, if any. Income Tax benefits to the mutual fund & to the unit-holder are in accordance with prevailing tax law. The investor shall be solely responsible for any action taken based on this document. Shriram Mutual Fund, Shriram Asset Management Company Limited, Board of Trustees-Shriram Mutual Fund and their associates shall not be liable in any manner for the consequences of such action taken by the investor.

Risk Factors:All investments in mutual funds and securities are subject to market risks and the NAV of the Scheme may go up or down depending upon the factors and forces affecting the securities market. There can be no assurance that the Scheme's investment objective will be achieved. The past performance of the Mutual Fund is not indicative of the future performance of the Scheme. The scheme inception date was January 25, 2019. The Sponsor is not responsible or liable for any loss resulting out of the operation of the Scheme beyond the initial contribution of Rs.1 Lakh made towards setting up the Mutual Fund. Shriram ELSS Tax Saver Fund is only the name of the Scheme and does not in any manner indicate the quality of the Scheme or its future prospects or returns. There is no guarantee or assurance as to any return on investment of the unit holders. The investments made by the Scheme are subject to external risks on transfer, pricing, trading volumes, settlement risks, etc. of securities. Please refer to the Offer Document/Statement of Additional Information/Key Information Memorandum of the scheme before investing.

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