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ELSS (tax saving) · Nippon India Mutual Fund · AMFI code 107900Reliance Equity Linked Saving Fund - Series I
Disclosed for 66 months, Sep 2012 to Feb 2018. This scheme is no longer reporting.Published as: RELIANCE EQUITY LINKED SAVING FUND - SERIES I (A 10 Year Close Ended Equity Linked Savings Scheme)
Portfolio value
₹125 Cr
up ₹14 L vs Aug 2017
- Stocks held
- 21
Reliance Equity Linked Saving Fund - Series I is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In September 2017 it disclosed 21 stocks worth ₹125 Cr, up ₹14 L from Aug 2017. Its largest positions were HCL Technologies Limited (6.7%), Vesuvius India Limited (6.4%), State Bank of India (5.9%); the ten largest together made up 56.2% of the portfolio, and Banks was the biggest sector at 28.0% of its equity. Cash and debt stood at 9.4%. Compared with Aug 2017 the fund entered 1 new stock and exited 1.
Against 47 other ELSS (tax saving) funds
Concentration
94%
Top-10 weight is higher than 94% of peers
Breadth
0%
Holds more stocks than 0% of peers
Cash
94%
Holds more cash than 94% of peers
What these mean: concentration · cash
Holdings in September 2017
Download CSVEvery line the fund disclosed, with the change against Aug 2017. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Cash, TREPS & receivables | 9.39% | up 0.51 pts | ₹11.7 Cr | up ₹65 L | Added |
| HCL Technologies Limited | 6.72% | up 0.07 pts | ₹8.4 Cr | up ₹9 L | Added |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 6.36% | down 0.55 pts | ₹7.9 Cr | down ₹67 L | Trimmed |
| State Bank of India | 5.95% | down 0.57 pts | ₹7.4 Cr | down ₹70 L | Trimmed |
| Shoppers Stop Limited | 5.67% | up 1.44 pts | ₹7.1 Cr | up ₹1.8 Cr | Added |
| HDFC Bank Limited | 5.63% | up 0.08 pts | ₹7 Cr | up ₹11 L | Added |
| GE Power India Limited | 5.55% | up 0.13 pts | ₹6.9 Cr | up ₹17 L | Added |
| ICICI Bank Limited | 5.48% | down 0.43 pts | ₹6.8 Cr | down ₹53 L | Trimmed |
| The Federal Bank Limited | 5.41% | up 0.20 pts | ₹6.8 Cr | up ₹26 L | Added |
| Bharat Forge Limited | 4.71% | up 0.19 pts | ₹5.9 Cr | up ₹25 L | Added |
| SIS Limited | 4.71% | up 0.14 pts | ₹5.9 Cr | up ₹18 L | Added |
| Infosys Limited | 4.32% | down 0.08 pts | ₹5.4 Cr | down ₹9 L | Trimmed |
| ITC Limited | 4.13% | down 0.39 pts | ₹5.2 Cr | down ₹48 L | Trimmed |
| Cummins India Limited | 4.12% | up 0.05 pts | ₹5.2 Cr | up ₹7 L | Added |
| Larsen & Toubro Limited | 3.70% | down 1.81 pts | ₹4.6 Cr | down ₹2.2 Cr | Trimmed |
| TD Power Systems Limited | 3.40% | down 0.23 pts | ₹4.3 Cr | down ₹28 L | Trimmed |
| Axis Bank Limited | 2.93% | up 0.73 pts | ₹3.7 Cr | up ₹91 L | Added |
| Amara Raja Batteries Limited | 2.84% | up 2.84 pts | ₹3.5 Cr | up ₹3.5 Cr | New |
| Housing Development Finance Corporation Limited | 2.79% | down 0.06 pts | ₹3.5 Cr | down ₹7 L | Trimmed |
| Divi's Laboratories Limited | 2.44% | up 0.45 pts | ₹3 Cr | up ₹57 L | Added |
| Reliance Industries Limited | 2.11% | down 0.05 pts | ₹2.6 Cr | down ₹6 L | Trimmed |
| Max Financial Services Limited | 1.65% | down 0.03 pts | ₹2.1 Cr | down ₹4 L | Trimmed |
What changed, Aug 2017 to Sep 2017
New New positions (1)
- Amara Raja Batteries Limited2.8% · ₹3.5 Cr
Exited Exited (1)
- Indian Metals & Ferro Alloys Limitedwas 2.6% · ₹3.3 Cr
Added Biggest additions
- Shoppers Stop Limitedup ₹1.8 Cr (+1.44% pts)
- Axis Bank Limitedup ₹91 L (+0.73% pts)
- Divi's Laboratories Limitedup ₹57 L (+0.45% pts)
- The Federal Bank Limited
Sectors
Which sectors the fund is moving towards and away from, and where its money sits now. Shares are of the fund’s classified equity holdings, so they add up to 100%.
Where the weight moved
Compared with
Since Aug 2017, the weight rose most in Auto Components (+3.1 pts) and Retailing (+1.6 pts), and fell most in Ferrous Metals (−2.9 pts) and Construction (−2.0 pts).
- Auto Components0.0% → 3.1%new+3.1 pts
- Retailing4.6% → 6.3%+1.6 pts
- Pharmaceuticals & Biotechnology2.2% → 2.7%+0.5 pts
- Commercial Services5.0% → 5.2%+0.2 pts
- Industrial Capital Goods6.0% → 6.1%+0.2 pts
- Banks27.9% → 28.0%+0.2 pts
- Ferrous Metals2.9% → 0.0%exited−2.9 pts
- Construction6.0% → 4.1%−2.0 pts
- Diversified FMCG5.0% → 4.6%−0.4 pts
- Industrial Products17.0% → 16.8%−0.2 pts
- Electrical Equipment4.0% → 3.8%−0.2 pts
A sector’s weight changes when the fund buys or sells, and also when its shares rise or fall in price, so a change is not by itself a sign of buying or selling.
Main sectors’ weights over time
| Sector | Sep 2014 | Sep 2016 | Mar 2017 | Jun 2017 | Aug 2017 | Sep 2017 |
|---|---|---|---|---|---|---|
| Banks | 20.6% | 29.7% | 32.8% | 29.0% | 27.9% | 28.0% |
| Industrial Products | 12.2% | 14.6% | 15.2% | 15.0% | 17.0% | 16.8% |
| IT - Software | 5.5% | 7.9% | 7.5% | 11.7% | 12.1% | 12.2% |
| Retailing | 6.6% | 5.1% | 4.5% | 4.1% | 4.6% | 6.3% |
| Industrial Capital Goods | 4.0% | 5.3% | 5.1% | 5.2% | 6.0% | 6.1% |
| Commercial Services | — | — | — | — | 5.0% | 5.2% |
| Diversified FMCG | — | 3.1% | 4.7% | 6.7% | 5.0% | 4.6% |
| Construction | 4.6% | 4.2% | 4.2% | 5.6% | 6.0% | 4.1% |
| Electrical Equipment | 10.7% | 5.6% | 6.4% | 4.0% | 4.0% | 3.8% |
| Auto Components | — | — | — | — | — | 3.1% |
Allocation in Sep 2017change vs Aug 2017
- Banks (5)28.0%▲ 0.2 pts
- Industrial Products (3)16.8%▼ 0.2 pts
Cash and debt
The share of the portfolio not in shares: cash and net receivables, money-market instruments and bonds, as disclosed each month. Cash can dip below zero when payables, often on derivative positions, exceed it. A change here describes what the fund did; it is not a signal. More on reading cash.
Cash & debt, Sep 2017
9.4%
▲ 0.5 pts vs Aug 2017
- Cash alone
- 9.4%
- cash and net receivables
- A year earlier
- 4.6%
- Sep 2016 · now ▲ 4.8 pts
- Last 12 months
- 1.8% – 9.4%
- lowest to highest · record 13.7% in Jan 2013
History
Disclosed portfolio value by month, with the stocks the fund entered and exited against its previous disclosure. Every month is a link to that portfolio.