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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
₹5,882 Cr
down ₹144 Cr vs Oct 2016
- Stocks held
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In November 2016 it disclosed 57 stocks worth ₹5,882 Cr, down ₹144 Cr from Oct 2016. Its largest positions were TVS Motor Company Limited (9.4%), State Bank of India (6.7%), Tata Steel Limited (6.4%); the ten largest together made up 48.2% of the portfolio, and Banks was the biggest sector at 20.6% of its equity. Cash and debt stood at 0.6%. Compared with Oct 2016 the fund entered 2 new stocks and exited 3.
Against 47 other ELSS (tax saving) funds
Concentration
81%
Top-10 weight is higher than 81% of peers
Breadth
62%
Holds more stocks than 62% of peers
Cash
4%
Holds more cash than 4% of peers
What these mean: concentration · cash
Holdings in November 2016
Download CSVEvery line the fund disclosed, with the change against Oct 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 | 9.42% | down 0.29 pts | ₹554 Cr | down ₹31.2 Cr | Trimmed |
| State Bank of India | 6.72% | up 0.17 pts | ₹395 Cr | up ₹54 L | Held |
| Tata Steel Limited | 6.35% | up 0.29 pts | ₹374 Cr | up ₹8.6 Cr | Added |
| Larsen & Toubro Limited | 5.82% | down 0.04 pts | ₹342 Cr | down ₹10.9 Cr | Trimmed |
| ICICI Bank Limited | 4.51% | up 1.00 pts | ₹266 Cr | up ₹53.7 Cr | Added |
| Infosys Limited | 3.99% | up 1.59 pts | ₹234 Cr | up ₹89.9 Cr | Added |
| Axis Bank Limited | 2.95% | up 0.26 pts | ₹173 Cr | up ₹11.2 Cr | Added |
| Honeywell Automation India Limited | 2.88% | down 0.06 pts | ₹170 Cr | down ₹7.9 Cr | Trimmed |
| The Ramco Cements Limited | 2.80% | down 0.01 pts | ₹165 Cr | down ₹4.6 Cr | Trimmed |
| Federal-Mogul Goetze (India) Limited. | 2.73% | up 0.28 pts | ₹160 Cr | up ₹13.2 Cr | Added |
| ABB India Limited | 2.60% | up 0.33 pts | ₹153 Cr | up ₹15.9 Cr | Added |
| Siemens Limited | 2.48% | up <0.01 pts | ₹146 Cr | down ₹3.4 Cr | Trimmed |
| Bank of Baroda | 2.26% | up 0.16 pts | ₹133 Cr | up ₹6.4 Cr | Added |
| Jet Airways (India) Ltd | 2.07% | down 0.13 pts | ₹122 Cr | down ₹10.6 Cr | Trimmed |
| Divi's Laboratories Limited | 1.99% | down 0.13 pts | ₹117 Cr | down ₹10.6 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.87% | down 0.20 pts | ₹110 Cr | down ₹14.6 Cr | Trimmed |
| UPL Limited | 1.84% | down 0.14 pts | ₹108 Cr | down ₹10.9 Cr | Trimmed |
| Sundaram Clayton Limited | 1.73% | down 0.33 pts | ₹102 Cr | down ₹22.5 Cr | Trimmed |
| Bharat Forge Limited | 1.70% | up 0.07 pts | ₹100 Cr | up ₹2.1 Cr | Added |
| ADITYA BIRLA NUVO LTD. | 1.66% | down 0.10 pts | ₹97.9 Cr | down ₹8.7 Cr | Trimmed |
| HCL Technologies Limited | 1.60% | up 0.12 pts | ₹94 Cr | up ₹4.8 Cr | Added |
| Wheels India Limited | 1.54% | down 0.06 pts | ₹90.7 Cr | down ₹5.8 Cr | Trimmed |
| Jubilant Foodworks Limited | 1.53% | down 0.02 pts | ₹90.3 Cr | down ₹3.3 Cr | Trimmed |
| Canara Bank | 1.46% | up 0.06 pts | ₹86 Cr | up ₹1.3 Cr | Added |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.43% | down 0.09 pts | ₹84 Cr | down ₹7.2 Cr | Trimmed |
| ITC Limited | 1.42% | down 1.66 pts | ₹83.7 Cr | down ₹102 Cr | Trimmed |
| KSB Limited | 1.39% | up 0.10 pts | ₹82 Cr | up ₹4.2 Cr | Added |
| GE Vernova T&D India Limited | 1.39% | down 0.04 pts | ₹81.8 Cr | down ₹4.5 Cr | Trimmed |
| Trent Limited | 1.32% | down 0.11 pts | ₹77.8 Cr | down ₹8.3 Cr | Trimmed |
| Yes Bank Limited | 1.30% | down 0.08 pts | ₹76.4 Cr | down ₹6.4 Cr | Trimmed |
| Cipla Limited | 1.21% | up 0.01 pts | ₹71.4 Cr | down ₹1.1 Cr | Trimmed |
| Reliance Capital Ltd | 1.18% | down 0.18 pts | ₹69.5 Cr | down ₹12.7 Cr | Trimmed |
| BEML Limited | 1.08% | down 0.03 pts | ₹63.7 Cr | down ₹3.2 Cr | Trimmed |
| Indian Metals & Ferro Alloys Limited | 1.00% | up 0.12 pts | ₹59 Cr | up ₹5.9 Cr | Added |
| Linde India Limited | 0.97% | up 0.04 pts | ₹57.1 Cr | up ₹1.1 Cr | Added |
| Schneider Electric Infrastructure Limited | 0.97% | up 0.01 pts | ₹57 Cr | down ₹75 L | Trimmed |
| Simplex Infrastructures Limited | 0.96% | down 0.05 pts | ₹56.2 Cr | down ₹4.4 Cr | Trimmed |
| HDFC Bank Limited | 0.92% | up 0.92 pts | ₹54 Cr | up ₹54 Cr | New |
| Cummins India Limited | 0.84% | down 0.04 pts | ₹49.7 Cr | down ₹3.8 Cr | Trimmed |
| Shoppers Stop Limited | 0.68% | down 0.15 pts | ₹40.1 Cr | down ₹10 Cr | Trimmed |
| Birla Corporation Limited | 0.62% | down 0.08 pts | ₹36.6 Cr | down ₹6 Cr | Trimmed |
| Info Edge (India) Limited | 0.62% | up 0.01 pts | ₹36.4 Cr | down ₹18 L | Held |
| Ramkrishna Forgings Limited | 0.58% | down 0.02 pts | ₹34.2 Cr | down ₹2 Cr | Trimmed |
| Cash, TREPS & receivables | 0.55% | up 0.43 pts | ₹32.5 Cr | up ₹25 Cr | Added |
| Coal India Limited | 0.52% | down 0.01 pts | ₹30.6 Cr | down ₹1.6 Cr | Trimmed |
| Automotive Axles Limited | 0.48% | up 0.03 pts | ₹28.5 Cr | up ₹1.1 Cr | Added |
| Kennametal India Limited | 0.48% | down 0.04 pts | ₹28.1 Cr | down ₹3 Cr | Trimmed |
| Bombay Burmah Trading Corporation Limited | 0.47% | down 0.07 pts | ₹27.6 Cr | down ₹5.1 Cr | Trimmed |
| Sun TV Network Limited | 0.43% | down 0.06 pts | ₹25.4 Cr | down ₹4.1 Cr | Trimmed |
| Muthoot Finance Limited | 0.42% | up 0.42 pts | ₹24.5 Cr | up ₹24.5 Cr | New |
What changed, Oct 2016 to Nov 2016
New New positions (2)
- HDFC Bank Limited0.9% · ₹54 Cr
- Muthoot Finance Limited0.4% · ₹24.5 Cr
Exited Exited (3)
- United Breweries Limitedwas 0.8% · ₹47 Cr
- Indian Oil Corporation Limitedwas 0.7% · ₹40.8 Cr
- Bharat Heavy Electricals Limitedwas 0.3% · ₹18.8 Cr
Added Biggest additions
- Infosys Limitedup ₹89.9 Cr (+1.59% pts)
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 Oct 2016, the weight rose most in Banks (+2.5 pts) and IT - Software (+1.7 pts), and fell most in Diversified FMCG (−1.7 pts) and Beverages (−0.8 pts).
- Banks18.1% → 20.6%+2.5 pts
- IT - Software3.9% → 5.6%+1.7 pts
- Ferrous Metals7.0% → 7.4%+0.4 pts
- Finance1.8% → 2.0%+0.2 pts
- Diversified FMCG3.1% → 1.4%−1.7 pts
- Beverages0.8% → 0.0%exited−0.8 pts
- Petroleum Products0.7% → 0.0%exited−0.7 pts
- Automobiles9.7% → 9.5%−0.3 pts
- Retailing3.2% → 3.0%−0.3 pts
- Leisure Services3.6% → 3.4%−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 | Nov 2013 | Nov 2015 | May 2016 | Aug 2016 | Oct 2016 | Nov 2016 |
|---|---|---|---|---|---|---|
| Banks | 7.8% | 17.1% | 17.8% | 19.6% | 18.1% | 20.6% |
| Automobiles | 9.2% | 10.0% | 9.5% | 8.3% | 9.7% | 9.5% |
| Electrical Equipment | 12.2% | 9.7% | 8.7% | 7.7% | 7.5% | 7.5% |
| Ferrous Metals | 3.0% | 4.9% | 5.9% | 7.1% | 7.0% | 7.4% |
| Construction | 4.0% | 4.3% | 6.4% | 6.4% | 6.9% | 6.8% |
| Auto Ancillaries | 3.9% | 6.7% | 5.7% | 6.3% | 6.8% | 6.7% |
| IT - Software | — | 2.2% | 1.2% | 2.6% | 3.9% | 5.6% |
| Industrial Products | 8.3% | 6.3% | 6.0% | 5.6% | 5.3% | 5.4% |
| Cement & Cement Products | 8.7% | 2.1% | 2.4% | 2.7% | 3.5% | 3.4% |
| Leisure Services | — | 5.2% | 5.0% | 4.7% | 3.6% | 3.4% |
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, Nov 2016
0.6%
▲ 0.1 pts vs Oct 2016
- Cash alone
- 0.6%
- cash and net receivables
- A year earlier
- 1.1%
- Nov 2015 · now ▼ 0.6 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.