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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
₹5,871 Cr
down ₹11.3 Cr vs Nov 2016
- Stocks held
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In December 2016 it disclosed 56 stocks worth ₹5,871 Cr, down ₹11.3 Cr from Nov 2016. Its largest positions were TVS Motor Company Limited (9.0%), State Bank of India (6.5%), Tata Steel Limited (6.0%); the ten largest together made up 47.4% of the portfolio, and Banks was the biggest sector at 21.6% of its equity. Cash and debt stood at 3.0%. Compared with Nov 2016 the fund entered 0 new stocks and exited 1.
Against 47 other ELSS (tax saving) funds
Concentration
79%
Top-10 weight is higher than 79% of peers
Breadth
55%
Holds more stocks than 55% of peers
Cash
60%
Holds more cash than 60% of peers
What these mean: concentration · cash
Holdings in December 2016
Download CSVEvery line the fund disclosed, with the change against Nov 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 | 8.98% | down 0.44 pts | ₹527 Cr | down ₹26.6 Cr | Trimmed |
| State Bank of India | 6.52% | down 0.20 pts | ₹383 Cr | down ₹12.5 Cr | Trimmed |
| Tata Steel Limited | 6.00% | down 0.35 pts | ₹352 Cr | down ₹21.4 Cr | Trimmed |
| Larsen & Toubro Limited | 5.69% | down 0.13 pts | ₹334 Cr | down ₹8.3 Cr | Trimmed |
| Infosys Limited | 4.57% | up 0.58 pts | ₹268 Cr | up ₹33.9 Cr | Added |
| ICICI Bank Limited | 4.35% | down 0.17 pts | ₹255 Cr | down ₹10.2 Cr | Trimmed |
| Honeywell Automation India Limited | 3.05% | up 0.17 pts | ₹179 Cr | up ₹9.6 Cr | Added |
| Axis Bank Limited | 2.97% | up 0.02 pts | ₹174 Cr | up ₹76 L | Held |
| The Ramco Cements Limited | 2.65% | down 0.15 pts | ₹156 Cr | down ₹8.9 Cr | Trimmed |
| Federal-Mogul Goetze (India) Limited. | 2.62% | down 0.11 pts | ₹154 Cr | down ₹6.7 Cr | Trimmed |
| Cash, TREPS & receivables | 2.57% | up 2.01 pts | ₹151 Cr | up ₹118 Cr | Added |
| ABB India Limited | 2.56% | down 0.04 pts | ₹150 Cr | down ₹2.5 Cr | Trimmed |
| Siemens Limited | 2.54% | up 0.06 pts | ₹149 Cr | up ₹3.4 Cr | Added |
| HDFC Bank Limited | 2.24% | up 1.32 pts | ₹131 Cr | up ₹77.3 Cr | Added |
| Bank of Baroda | 2.12% | down 0.14 pts | ₹124 Cr | down ₹8.7 Cr | Trimmed |
| UPL Limited | 1.88% | up 0.04 pts | ₹111 Cr | up ₹2.2 Cr | Added |
| Sundaram Clayton Limited | 1.84% | up 0.11 pts | ₹108 Cr | up ₹6.1 Cr | Added |
| The Indian Hotels Company Limited | 1.81% | down 0.06 pts | ₹106 Cr | down ₹3.7 Cr | Trimmed |
| Jet Airways (India) Ltd | 1.81% | down 0.25 pts | ₹106 Cr | down ₹15.2 Cr | Trimmed |
| Bharat Forge Limited | 1.71% | up 0.01 pts | ₹100 Cr | up ₹34 L | Held |
| HCL Technologies Limited | 1.65% | up 0.05 pts | ₹96.9 Cr | up ₹2.8 Cr | Added |
| Wheels India Limited | 1.50% | down 0.04 pts | ₹88.1 Cr | down ₹2.5 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.48% | up 0.05 pts | ₹87 Cr | up ₹3 Cr | Added |
| ITC Limited | 1.48% | up 0.06 pts | ₹87 Cr | up ₹3.3 Cr | Added |
| Trent Limited | 1.47% | up 0.15 pts | ₹86.5 Cr | up ₹8.7 Cr | Added |
| Divi's Laboratories Limited | 1.47% | down 0.53 pts | ₹86.1 Cr | down ₹31.2 Cr | Trimmed |
| KSB Limited | 1.46% | up 0.07 pts | ₹85.9 Cr | up ₹3.9 Cr | Added |
| Jubilant Foodworks Limited | 1.43% | down 0.11 pts | ₹83.7 Cr | down ₹6.6 Cr | Trimmed |
| Indian Metals & Ferro Alloys Limited | 1.42% | up 0.42 pts | ₹83.2 Cr | up ₹24.3 Cr | Added |
| BEML Limited | 1.29% | up 0.20 pts | ₹75.6 Cr | up ₹11.9 Cr | Added |
| GE Vernova T&D India Limited | 1.28% | down 0.11 pts | ₹75.3 Cr | down ₹6.5 Cr | Trimmed |
| Yes Bank Limited | 1.28% | down 0.02 pts | ₹75.3 Cr | down ₹1.1 Cr | Trimmed |
| Canara Bank | 1.21% | down 0.25 pts | ₹71 Cr | down ₹15 Cr | Trimmed |
| Reliance Capital Ltd | 1.16% | down 0.02 pts | ₹68.2 Cr | down ₹1.3 Cr | Trimmed |
| Cipla Limited | 0.96% | down 0.25 pts | ₹56.3 Cr | down ₹15.1 Cr | Trimmed |
| Linde India Limited | 0.94% | down 0.03 pts | ₹55.1 Cr | down ₹2 Cr | Trimmed |
| Simplex Infrastructures Limited | 0.92% | down 0.03 pts | ₹54.3 Cr | down ₹2 Cr | Trimmed |
| Cummins India Limited | 0.88% | up 0.03 pts | ₹51.6 Cr | up ₹1.9 Cr | Added |
| Schneider Electric Infrastructure Limited | 0.87% | down 0.10 pts | ₹51.3 Cr | down ₹5.7 Cr | Trimmed |
| Shoppers Stop Limited | 0.67% | down 0.01 pts | ₹39.3 Cr | down ₹80 L | Trimmed |
| Info Edge (India) Limited | 0.62% | up <0.01 pts | ₹36.3 Cr | down ₹7 L | Held |
| Birla Corporation Limited | 0.59% | down 0.03 pts | ₹34.6 Cr | down ₹2 Cr | Trimmed |
| Ramkrishna Forgings Limited | 0.52% | down 0.06 pts | ₹30.6 Cr | down ₹3.6 Cr | Trimmed |
| Coal India Limited | 0.51% | down 0.01 pts | ₹29.7 Cr | down ₹85 L | Trimmed |
| Bombay Burmah Trading Corporation Limited | 0.47% | up <0.01 pts | ₹27.8 Cr | up ₹21 L | Added |
| Kennametal India Limited | 0.47% | down 0.01 pts | ₹27.3 Cr | down ₹78 L | Trimmed |
| Automotive Axles Limited | 0.46% | down 0.03 pts | ₹26.9 Cr | down ₹1.6 Cr | Trimmed |
| Steel Authority of India Limited Money market | 0.42% | up 0.42 pts | ₹24.9 Cr | up ₹24.9 Cr | New |
| Muthoot Finance Limited | 0.39% | down 0.03 pts | ₹22.9 Cr | down ₹1.6 Cr | Trimmed |
| GIC Housing Finance Limited | 0.34% | down 0.02 pts | ₹20.1 Cr | down ₹1.4 Cr | Trimmed |
What changed, Nov 2016 to Dec 2016
New New positions (0)
None.
Exited Exited (1)
- Sun TV Network Limitedwas 0.4% · ₹25.4 Cr
Added Biggest additions
- HDFC Bank Limitedup ₹77.3 Cr (+1.32% pts)
- Infosys Limitedup ₹33.9 Cr (+0.58% pts)
- Indian Metals & Ferro Alloys Limitedup ₹24.3 Cr (+0.42% pts)
- BEML Limitedup ₹11.9 Cr (+0.20% 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 Nov 2016, the weight rose most in Banks (+1.1 pts) and IT - Software (+0.8 pts), and fell most in Services (−1.6 pts) and Pharmaceuticals & Biotechnology (−0.7 pts).
- Banks20.6% → 21.6%+1.1 pts
- IT - Software5.6% → 6.4%+0.8 pts
- Industrial Products5.4% → 5.7%+0.3 pts
- Ferrous Metals7.4% → 7.6%+0.3 pts
- Industrial Manufacturing2.9% → 3.1%+0.2 pts
- Agricultural, Commercial & Construction Vehicles1.1% → 1.3%+0.2 pts
- Services1.7% → 0.1%−1.6 pts
- Pharmaceuticals & Biotechnology3.2% → 2.5%−0.7 pts
- Entertainment0.4% → 0.0%exited−0.4 pts
- Automobiles9.5% → 9.3%−0.2 pts
- Transportation2.1% → 1.9%−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 | Dec 2013 | Dec 2015 | Jun 2016 | Sep 2016 | Nov 2016 | Dec 2016 |
|---|---|---|---|---|---|---|
| Banks | 9.3% | 15.5% | 19.6% | 18.7% | 20.6% | 21.6% |
| Automobiles | 10.9% | 9.0% | 8.6% | 9.3% | 9.5% | 9.3% |
| Ferrous Metals | 1.5% | 5.5% | 5.8% | 6.4% | 7.4% | 7.6% |
| Electrical Equipment | 12.3% | 9.0% | 8.8% | 7.9% | 7.5% | 7.5% |
| Construction | 2.3% | 3.9% | 6.2% | 6.8% | 6.8% | 6.8% |
| Auto Ancillaries | 3.8% | 6.5% | 5.8% | 6.4% | 6.7% | 6.8% |
| IT - Software | — | 3.3% | 1.3% | 3.8% | 5.6% | 6.4% |
| Industrial Products | 8.4% | 6.6% | 6.0% | 5.5% | 5.4% | 5.7% |
| Cement & Cement Products | 9.1% | 2.2% | 2.8% | 2.9% | 3.4% | 3.3% |
| Leisure Services | — | 5.7% | 5.2% | 4.1% | 3.4% | 3.3% |
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, Dec 2016
3.0%
▲ 2.4 pts vs Nov 2016
- Cash alone
- 2.6%
- cash and net receivables
- A year earlier
- 1.0%
- Dec 2015 · now ▲ 2.0 pts
- Last 12 months
- 0.4% – 3.0%
- 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.