Tata ELSS Tax Saver Fund :Tata Mutual Fund’s tax saver scheme Tata ELSS Tax Saver Fund has proved to be a return machine for investors in the long term. This 28.5-year-old scheme has performed strongly in almost every phase since its launch. If an investor has maintained his investment in this scheme since the time of launch, he would have become the owner of a large corpus today. Since its launch, this fund has given a return of about 19 percent annually to those who invested in lump sum. On the other hand, those who invested through SIP have got an annualized return of more than 19 percent.
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Tata ELSS Tax Saver Fund : High returns in every phase
Tata ELSS Tax Saver Fund was launched on 31 March 1996. Since its launch, the annualized return of this scheme has been around 18.99 percent. If we calculate this return, then if someone had invested Rs 1 lakh then its value would have now increased to Rs 1,41,92,152. That is, the total profit on investment is Rs 1,40,92,152.
Lump Sum Investment: Has given strong returns in every phase.
Return on Lump Sum Investment in 1 Year: 36.72% p.a.
Return on Lump Sum Investment in 3 years: 19.93% p.a.
Return on Lump Sum Investment in 5 years: 20.73% p.a.
Return on Lump Sum Investment in 7 years: 15.49% p.a.
Return on Lump Sum Investment in 10 years: 16.39% p.a.
LIC Best MF Schemes: Target of raising 25 lakhs achieved by investing 2 lakhs, 5 schemes with 12 times return in 20 years
SIP: 5 crores from monthly SIP of Rs 5000
Tata ELSS Tax Saver Fund has a return calculator for SIP of 28 years. This fund has given an annualized return of 19.12 percent to those who did SIP in the last 28 years. In this sense, if someone did a SIP of Rs 5000 monthly with an upfront investment of Rs 30,000 for 28 years, then his money would have now increased to Rs 4,99,76,349 i.e. about Rs 5 crore.
Upfront investment: Rs 30,000
Monthly SIP: Rs 5000
SIP tenure: 28 years
28 years SIP return: 19.12% per annum
Total investment in 28 years: Rs 17,10,000
Value of SIP after 28 years: Rs 4,99,76,349
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Tata ELSS Tax Saver Fund: About the Scheme
Launch Date : 31 March 1996
Annualized return since launch: 18.99%
Benchmark : NIFTY 500 TRI
Total Assets: Rs 4,722 crore (31 July 2024)
Expense Ratio: 1.80% (July 31, 2024)
Minimum lump sum investment: Rs 500
Minimum monthly SIP investment: Rs 500
Which stocks are in the portfolio of this fund
In Tata ELSS Tax Saver Fund, 95.57% of the amount is invested in equity or equity related schemes. While 4.43% allocation is invested in cash and cash related options.
The major stocks included in the portfolio of this scheme include HDFC Bank, ICICI Bank, Infosys, Reliance Industries, SBI, Axis Bank, NTPC, Bharti Airtel, L&T, Cummins India, Tata Motors.
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ELSS: High returns along with tax saving
This is a tax saver mutual fund, which is linked to equity. That is, a large part of your investment is invested in equity schemes. At the same time, some exposure is also in fixed income, through which your portfolio gets diversified. Equity Linked Savings Scheme (ELSS) not only provides tax savings, but also increases your wealth rapidly in the long term. In this category of mutual funds, tax exemption is available on investment up to Rs 1.50 lakh under section 80C of the IT Act. However, due to being market linked, there is some risk in it compared to small savings like FD or NSC. But in this, you can choose a safe way of investing through SIP.
(Note: We have given information here based on the past performance of a mutual fund scheme. The past performance may or may not remain in the future. Therefore, consult a financial advisor before investing.)
