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Reliance Tax Saver
Disclosed for 84 months, Sep 2012 to Aug 2019. This scheme is no longer reporting.Published as: RELIANCE TAX SAVER (ELSS) FUND (An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit)
Portfolio value
₹5,792 Cr
up ₹66 L vs Aug 2016
- Stocks held
- 56
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In September 2016 it disclosed 56 stocks worth ₹5,792 Cr, up ₹66 L from Aug 2016. Its largest positions were TVS Motor Company Limited (9.1%), State Bank of India (6.4%), Tata Steel Limited (5.8%); the ten largest together made up 45.1% of the portfolio, and Banks was the biggest sector at 18.7% of its equity. Cash and debt stood at 1.6%. Compared with Aug 2016 the fund entered 0 new stocks and exited 2.
Against 47 other ELSS (tax saving) funds
Concentration
68%
Top-10 weight is higher than 68% of peers
Breadth
55%
Holds more stocks than 55% of peers
Cash
21%
Holds more cash than 21% of peers
What these mean: concentration · cash
Holdings in September 2016
Download CSVEvery line the fund disclosed, with the change against Aug 2016. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| TVS Motor Company Limited | 9.12% | up 0.99 pts | ₹528 Cr | up ₹57.5 Cr | Added |
| State Bank of India | 6.44% | up 0.16 pts | ₹373 Cr | up ₹9.5 Cr | Added |
| Tata Steel Limited | 5.82% | up 0.58 pts | ₹337 Cr | up ₹33.7 Cr | Added |
| Larsen & Toubro Limited | 5.68% | up 0.39 pts | ₹329 Cr | up ₹22.5 Cr | Added |
| ICICI Bank Limited | 3.33% | down 0.28 pts | ₹193 Cr | down ₹16.1 Cr | Trimmed |
| Honeywell Automation India Limited | 3.20% | down 0.18 pts | ₹185 Cr | down ₹10.2 Cr | Trimmed |
| Axis Bank Limited | 3.11% | down 0.78 pts | ₹180 Cr | down ₹45.3 Cr | Trimmed |
| ITC Limited | 2.85% | down 0.02 pts | ₹165 Cr | down ₹1.1 Cr | Trimmed |
| The Ramco Cements Limited | 2.83% | up 0.14 pts | ₹164 Cr | up ₹8 Cr | Added |
| Siemens Limited | 2.70% | down 0.06 pts | ₹156 Cr | down ₹3.2 Cr | Trimmed |
| Federal-Mogul Goetze (India) Limited. | 2.44% | up 0.05 pts | ₹141 Cr | up ₹2.9 Cr | Added |
| The Indian Hotels Company Limited | 2.43% | down 0.29 pts | ₹141 Cr | down ₹16.8 Cr | Trimmed |
| Jet Airways (India) Ltd | 2.37% | up 0.02 pts | ₹137 Cr | up ₹1.3 Cr | Added |
| Bank of Baroda | 2.34% | up 0.06 pts | ₹136 Cr | up ₹3.6 Cr | Added |
| Divi's Laboratories Limited | 2.23% | down 0.05 pts | ₹129 Cr | down ₹3.2 Cr | Trimmed |
| Infosys Limited | 2.09% | up 0.87 pts | ₹121 Cr | up ₹50.4 Cr | Added |
| UPL Limited | 1.99% | up 0.10 pts | ₹115 Cr | up ₹6 Cr | Added |
| ABB India Limited | 1.86% | up 0.35 pts | ₹108 Cr | up ₹20.3 Cr | Added |
| ADITYA BIRLA NUVO LTD. | 1.82% | down 0.02 pts | ₹106 Cr | down ₹92 L | Trimmed |
| Bharat Forge Limited | 1.74% | up 0.12 pts | ₹101 Cr | up ₹6.7 Cr | Added |
| Wheels India Limited | 1.65% | down 0.01 pts | ₹95.3 Cr | down ₹53 L | Trimmed |
| HCL Technologies Limited | 1.62% | up 0.28 pts | ₹93.6 Cr | up ₹16.5 Cr | Added |
| Sundaram Clayton Limited | 1.60% | up 0.08 pts | ₹92.8 Cr | up ₹4.5 Cr | Added |
| Trent Limited | 1.59% | down 0.04 pts | ₹92.2 Cr | down ₹2.5 Cr | Trimmed |
| Jubilant Foodworks Limited | 1.56% | down 0.34 pts | ₹90.2 Cr | down ₹19.7 Cr | Trimmed |
| Reliance Capital Ltd | 1.49% | up 0.04 pts | ₹86.5 Cr | up ₹2.4 Cr | Added |
| GE Vernova T&D India Limited | 1.46% | up 0.36 pts | ₹84.4 Cr | up ₹21.1 Cr | Added |
| Canara Bank | 1.44% | up 0.13 pts | ₹83.3 Cr | up ₹7.5 Cr | Added |
| Cash, TREPS & receivables | 1.41% | down 0.40 pts | ₹81.8 Cr | down ₹22.9 Cr | Trimmed |
| Yes Bank Limited | 1.41% | down 0.13 pts | ₹81.7 Cr | down ₹7.3 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.35% | down 0.04 pts | ₹78.1 Cr | down ₹2.2 Cr | Trimmed |
| KSB Limited | 1.31% | down 0.16 pts | ₹75.8 Cr | down ₹9.3 Cr | Trimmed |
| Cipla Limited | 1.26% | up 0.02 pts | ₹73.1 Cr | up ₹89 L | Added |
| BEML Limited | 1.08% | down 0.07 pts | ₹62.3 Cr | down ₹3.9 Cr | Trimmed |
| Simplex Infrastructures Limited | 1.06% | up 0.04 pts | ₹61.3 Cr | up ₹2.4 Cr | Added |
| Cummins India Limited | 0.98% | down 0.02 pts | ₹57 Cr | down ₹94 L | Trimmed |
| Linde India Limited | 0.95% | down 0.04 pts | ₹54.9 Cr | down ₹2.4 Cr | Trimmed |
| Schneider Electric Infrastructure Limited | 0.88% | up 0.02 pts | ₹50.7 Cr | up ₹1.1 Cr | Added |
| Shoppers Stop Limited | 0.86% | down 0.06 pts | ₹49.9 Cr | down ₹3.2 Cr | Trimmed |
| United Breweries Limited | 0.84% | up 0.08 pts | ₹48.8 Cr | up ₹4.9 Cr | Added |
| Bharat Heavy Electricals Limited | 0.84% | down 0.46 pts | ₹48.5 Cr | down ₹26.6 Cr | Trimmed |
| Info Edge (India) Limited | 0.66% | up 0.02 pts | ₹38.2 Cr | up ₹1.2 Cr | Added |
| Ramkrishna Forgings Limited | 0.64% | down 0.12 pts | ₹37.2 Cr | down ₹7 Cr | Trimmed |
| Indian Oil Corporation Limited | 0.63% | up 0.01 pts | ₹36.7 Cr | up ₹45 L | Added |
| Bombay Burmah Trading Corporation Limited | 0.53% | up 0.06 pts | ₹30.8 Cr | up ₹3.7 Cr | Added |
| Kennametal India Limited | 0.52% | down 0.02 pts | ₹30.3 Cr | down ₹1.4 Cr | Trimmed |
| Indian Metals & Ferro Alloys Limited | 0.52% | up 0.14 pts | ₹30.2 Cr | up ₹8.2 Cr | Added |
| Automotive Axles Limited | 0.48% | up 0.05 pts | ₹28 Cr | up ₹2.8 Cr | Added |
| Sun TV Network Limited | 0.47% | up 0.03 pts | ₹27.3 Cr | up ₹1.8 Cr | Added |
| GIC Housing Finance Limited | 0.40% | up 0.01 pts | ₹23.3 Cr | up ₹58 L | Added |
What changed, Aug 2016 to Sep 2016
New New positions (0)
None.
Exited Exited (2)
- JSW Steel Limitedwas 1.4% · ₹78.9 Cr
- Syngene International Limitedwas 0.3% · ₹18.6 Cr
Added Biggest additions
- TVS Motor Company Limitedup ₹57.5 Cr (+0.99% pts)
- Infosys Limitedup ₹50.4 Cr (+0.87% pts)
- Tata Steel Limitedup ₹33.7 Cr (+0.58% pts)
- Larsen & Toubro 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 2016, the weight rose most in IT - Software (+1.2 pts) and Automobiles (+1.0 pts), and fell most in Banks (−0.9 pts) and Ferrous Metals (−0.7 pts).
- IT - Software2.6% → 3.8%+1.2 pts
- Automobiles8.3% → 9.3%+1.0 pts
- Construction6.4% → 6.8%+0.4 pts
- Electrical Equipment7.7% → 7.9%+0.2 pts
- Auto Ancillaries6.3% → 6.4%+0.1 pts
- Cement & Cement Products2.7% → 2.9%+0.1 pts
- Banks19.6% → 18.7%−0.9 pts
- Ferrous Metals7.1% → 6.4%−0.7 pts
- Leisure Services4.7% → 4.1%−0.7 pts
- Healthcare Services0.3% → 0.0%exited−0.3 pts
- Industrial Manufacturing3.4% → 3.2%−0.2 pts
- Retailing3.6% → 3.5%−0.1 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 2013 | Sep 2015 | Mar 2016 | Jun 2016 | Aug 2016 | Sep 2016 |
|---|---|---|---|---|---|---|
| Banks | 10.2% | 17.7% | 18.1% | 19.6% | 19.6% | 18.7% |
| Automobiles | 7.9% | 11.5% | 10.2% | 8.6% | 8.3% | 9.3% |
| Electrical Equipment | 11.5% | 12.3% | 8.7% | 8.8% | 7.7% | 7.9% |
| Construction | 3.3% | 5.0% | 5.4% | 6.2% | 6.4% | 6.8% |
| Ferrous Metals | 3.4% | 5.0% | 5.7% | 5.8% | 7.1% | 6.4% |
| Auto Ancillaries | 4.2% | 7.0% | 6.3% | 5.8% | 6.3% | 6.4% |
| Industrial Products | 8.7% | 7.3% | 6.5% | 6.0% | 5.6% | 5.5% |
| Leisure Services | — | 3.4% | 5.4% | 5.2% | 4.7% | 4.1% |
| IT - Software | 1.8% | — | 0.9% | 1.3% | 2.6% | 3.8% |
| Pharmaceuticals & Biotechnology | 7.5% | 3.8% | 2.9% | 3.4% | 3.6% | 3.5% |
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 2016
1.6%
▼ 0.2 pts vs Aug 2016
- Cash alone
- 1.4%
- cash and net receivables
- A year earlier
- 0.7%
- Sep 2015 · now ▲ 0.8 pts
- Last 12 months
- 0.4% – 2.4%
- lowest to highest · record 4.2% in Aug 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.