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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
₹6,384 Cr
up ₹513 Cr vs Dec 2016
- Stocks held
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In January 2017 it disclosed 56 stocks worth ₹6,384 Cr, up ₹513 Cr from Dec 2016. Its largest positions were TVS Motor Company Limited (8.8%), Tata Steel Limited (6.5%), State Bank of India (6.2%); the ten largest together made up 47.5% of the portfolio, and Banks was the biggest sector at 22.5% of its equity. Cash and debt stood at 1.8%. Compared with Dec 2016 the fund entered 0 new stocks and exited 0.
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
23%
Holds more cash than 23% of peers
What these mean: concentration · cash
Holdings in January 2017
Download CSVEvery line the fund disclosed, with the change against Dec 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 | 8.85% | down 0.13 pts | ₹565 Cr | up ₹37.6 Cr | Added |
| Tata Steel Limited | 6.53% | up 0.53 pts | ₹417 Cr | up ₹64.6 Cr | Added |
| State Bank of India | 6.24% | down 0.28 pts | ₹398 Cr | up ₹15.5 Cr | Added |
| Infosys Limited | 5.37% | up 0.80 pts | ₹343 Cr | up ₹74.3 Cr | Added |
| ICICI Bank Limited | 4.59% | up 0.24 pts | ₹293 Cr | up ₹37.9 Cr | Added |
| HDFC Bank Limited | 3.43% | up 1.19 pts | ₹219 Cr | up ₹87.5 Cr | Added |
| The Ramco Cements Limited | 3.37% | up 0.71 pts | ₹215 Cr | up ₹59.2 Cr | Added |
| Larsen & Toubro Limited | 3.34% | down 2.34 pts | ₹213 Cr | down ₹120 Cr | Trimmed |
| Honeywell Automation India Limited | 2.97% | down 0.09 pts | ₹189 Cr | up ₹10.1 Cr | Added |
| Axis Bank Limited | 2.86% | down 0.11 pts | ₹182 Cr | up ₹8.3 Cr | Added |
| ITC Limited | 2.58% | up 1.10 pts | ₹165 Cr | up ₹77.9 Cr | Added |
| ABB India Limited | 2.47% | down 0.09 pts | ₹158 Cr | up ₹7.5 Cr | Added |
| Federal-Mogul Goetze (India) Limited. | 2.41% | down 0.21 pts | ₹154 Cr | up ₹6 L | Held |
| Siemens Limited | 2.29% | down 0.25 pts | ₹146 Cr | down ₹3 Cr | Trimmed |
| Bank of Baroda | 2.10% | down 0.02 pts | ₹134 Cr | up ₹9.5 Cr | Added |
| HCL Technologies Limited | 1.94% | up 0.29 pts | ₹124 Cr | up ₹27.2 Cr | Added |
| UPL Limited | 1.94% | up 0.06 pts | ₹124 Cr | up ₹13.3 Cr | Added |
| Jet Airways (India) Ltd | 1.93% | up 0.12 pts | ₹123 Cr | up ₹16.9 Cr | Added |
| The Indian Hotels Company Limited | 1.83% | up 0.01 pts | ₹117 Cr | up ₹10.3 Cr | Added |
| Sundaram Clayton Limited | 1.80% | down 0.04 pts | ₹115 Cr | up ₹6.9 Cr | Added |
| Cash, TREPS & receivables | 1.75% | down 0.82 pts | ₹112 Cr | down ₹38.9 Cr | Trimmed |
| Bharat Forge Limited | 1.62% | down 0.09 pts | ₹103 Cr | up ₹2.8 Cr | Added |
| Trent Limited | 1.61% | up 0.14 pts | ₹103 Cr | up ₹16.6 Cr | Added |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.52% | up 0.04 pts | ₹96.9 Cr | up ₹9.9 Cr | Added |
| Wheels India Limited | 1.48% | down 0.02 pts | ₹94.3 Cr | up ₹6.2 Cr | Added |
| BEML Limited | 1.43% | up 0.14 pts | ₹91 Cr | up ₹15.4 Cr | Added |
| Yes Bank Limited | 1.42% | up 0.14 pts | ₹90.9 Cr | up ₹15.6 Cr | Added |
| Indian Metals & Ferro Alloys Limited | 1.39% | down 0.03 pts | ₹88.8 Cr | up ₹5.6 Cr | Added |
| Jubilant Foodworks Limited | 1.35% | down 0.08 pts | ₹86 Cr | up ₹2.2 Cr | Added |
| KSB Limited | 1.31% | down 0.16 pts | ₹83.4 Cr | down ₹2.5 Cr | Trimmed |
| Divi's Laboratories Limited | 1.30% | down 0.16 pts | ₹83.2 Cr | down ₹3 Cr | Trimmed |
| GE Vernova T&D India Limited | 1.21% | down 0.07 pts | ₹77.4 Cr | up ₹2.1 Cr | Added |
| Canara Bank | 1.20% | down 0.01 pts | ₹76.6 Cr | up ₹5.6 Cr | Added |
| Reliance Capital Ltd | 1.11% | down 0.05 pts | ₹71.2 Cr | up ₹3 Cr | Added |
| Simplex Infrastructures Limited | 0.90% | down 0.03 pts | ₹57.4 Cr | up ₹3.1 Cr | Added |
| Cipla Limited | 0.89% | down 0.07 pts | ₹57 Cr | up ₹65 L | Added |
| Linde India Limited | 0.87% | down 0.07 pts | ₹55.4 Cr | up ₹37 L | Added |
| Schneider Electric Infrastructure Limited | 0.85% | down 0.03 pts | ₹54 Cr | up ₹2.8 Cr | Added |
| Cummins India Limited | 0.83% | down 0.05 pts | ₹52.9 Cr | up ₹1.3 Cr | Added |
| Birla Corporation Limited | 0.81% | up 0.22 pts | ₹51.7 Cr | up ₹17.1 Cr | Added |
| Ramkrishna Forgings Limited | 0.65% | up 0.13 pts | ₹41.5 Cr | up ₹10.9 Cr | Added |
| Shoppers Stop Limited | 0.61% | down 0.06 pts | ₹39.2 Cr | down ₹8 L | Held |
| Info Edge (India) Limited | 0.52% | down 0.10 pts | ₹33.4 Cr | down ₹2.9 Cr | Trimmed |
| Bombay Burmah Trading Corporation Limited | 0.51% | up 0.03 pts | ₹32.4 Cr | up ₹4.6 Cr | Added |
| Coal India Limited | 0.46% | down 0.04 pts | ₹29.7 Cr | down ₹2 L | Held |
| Automotive Axles Limited | 0.45% | down 0.01 pts | ₹28.7 Cr | up ₹1.8 Cr | Added |
| Kennametal India Limited | 0.43% | down 0.03 pts | ₹27.8 Cr | up ₹42 L | Added |
| Muthoot Finance Limited | 0.39% | down <0.01 pts | ₹24.8 Cr | up ₹1.9 Cr | Added |
| GIC Housing Finance Limited | 0.34% | up <0.01 pts | ₹21.9 Cr | up ₹1.8 Cr | Added |
| Reliance Power Limited | 0.33% | down <0.01 pts | ₹21.2 Cr | up ₹1.7 Cr | Added |
What changed, Dec 2016 to Jan 2017
New New positions (0)
None.
Exited Exited (0)
None.
Added Biggest additions
- HDFC Bank Limitedup ₹87.5 Cr (+1.19% pts)
- ITC Limitedup ₹77.9 Cr (+1.10% pts)
- Infosys Limitedup ₹74.3 Cr (+0.80% pts)
- Tata Steel Limitedup ₹64.6 Cr (+0.53% pts)
- The Ramco Cements Limitedup ₹59.2 Cr (+0.71% 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 Dec 2016, the weight rose most in Diversified FMCG (+1.1 pts) and IT - Software (+1.0 pts), and fell most in Construction (−2.5 pts) and Electrical Equipment (−0.5 pts).
- Diversified FMCG1.5% → 2.6%+1.1 pts
- IT - Software6.4% → 7.4%+1.0 pts
- Cement & Cement Products3.3% → 4.3%+0.9 pts
- Banks21.6% → 22.5%+0.9 pts
- Ferrous Metals7.6% → 8.1%+0.4 pts
- Auto Components0.5% → 0.7%+0.1 pts
- Construction6.8% → 4.3%−2.5 pts
- Electrical Equipment7.5% → 6.9%−0.5 pts
- Auto Ancillaries6.8% → 6.4%−0.4 pts
- Industrial Products5.7% → 5.4%−0.3 pts
- Pharmaceuticals & Biotechnology2.5% → 2.2%−0.3 pts
- Automobiles9.3% → 9.0%−0.3 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 | Jan 2014 | Jan 2016 | Jul 2016 | Oct 2016 | Dec 2016 | Jan 2017 |
|---|---|---|---|---|---|---|
| Banks | 9.2% | 15.7% | 19.7% | 18.1% | 21.6% | 22.5% |
| Automobiles | 11.0% | 10.3% | 7.7% | 9.7% | 9.3% | 9.0% |
| Ferrous Metals | 1.6% | 5.2% | 6.5% | 7.0% | 7.6% | 8.1% |
| IT - Software | — | 3.6% | 1.8% | 3.9% | 6.4% | 7.4% |
| Electrical Equipment | 12.0% | 8.6% | 8.5% | 7.5% | 7.5% | 6.9% |
| Auto Ancillaries | 4.3% | 6.4% | 5.7% | 6.8% | 6.8% | 6.4% |
| Industrial Products | 8.2% | 6.8% | 5.4% | 5.3% | 5.7% | 5.4% |
| Construction | — | 4.4% | 6.2% | 6.9% | 6.8% | 4.3% |
| Cement & Cement Products | 8.8% | 2.3% | 2.7% | 3.5% | 3.3% | 4.3% |
| Leisure Services | — | 5.6% | 5.4% | 3.6% | 3.3% | 3.2% |
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, Jan 2017
1.8%
▼ 1.2 pts vs Dec 2016
- Cash alone
- 1.7%
- cash and net receivables
- A year earlier
- 2.1%
- Jan 2016 · now ▼ 0.4 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.