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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
₹7,661 Cr
up ₹745 Cr vs Feb 2017
- Stocks held
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In March 2017 it disclosed 58 stocks worth ₹7,661 Cr, up ₹745 Cr from Feb 2017. Its largest positions were TVS Motor Company Limited (7.4%), Infosys Limited (7.0%), Reliance Liquid Fund - Treasury Plan- Direct Plan - Growth Plan (6.1%); the ten largest together made up 47.3% of the portfolio, and Banks was the biggest sector at 23.4% of its equity. Cash and debt stood at 3.8%. Compared with Feb 2017 the fund entered 4 new stocks and exited 4.
Against 47 other ELSS (tax saving) funds
Concentration
79%
Top-10 weight is higher than 79% of peers
Breadth
62%
Holds more stocks than 62% of peers
Cash
68%
Holds more cash than 68% of peers
What these mean: concentration · cash
Holdings in March 2017
Download CSVEvery line the fund disclosed, with the change against Feb 2017. 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 | 7.39% | down 1.68 pts | ₹566 Cr | down ₹60.9 Cr | Trimmed |
| Infosys Limited | 6.96% | up 1.30 pts | ₹534 Cr | up ₹142 Cr | Added |
| Reliance Liquid Fund - Treasury Plan- Direct Plan - Growth Plan Fund units | 6.14% | up 6.14 pts | ₹470 Cr | up ₹470 Cr | New |
| State Bank of India | 5.51% | down 0.86 pts | ₹422 Cr | down ₹18.5 Cr | Trimmed |
| ICICI Bank Limited | 5.20% | up 0.35 pts | ₹399 Cr | up ₹62.6 Cr | Added |
| Tata Steel Limited | 5.10% | down 1.18 pts | ₹391 Cr | down ₹43.4 Cr | Trimmed |
| ITC Limited | 3.29% | up 0.26 pts | ₹252 Cr | up ₹42.2 Cr | Added |
| Cash, TREPS & receivables | 2.91% | up 0.22 pts | ₹223 Cr | up ₹37.2 Cr | Added |
| Honeywell Automation India Limited | 2.70% | down 0.18 pts | ₹207 Cr | up ₹7.4 Cr | Added |
| Jet Airways (India) Ltd | 2.60% | down 0.02 pts | ₹199 Cr | up ₹18.1 Cr | Added |
| HCL Technologies Limited | 2.36% | up 0.18 pts | ₹181 Cr | up ₹29.9 Cr | Added |
| ABB India Limited | 2.35% | down 0.19 pts | ₹180 Cr | up ₹4.5 Cr | Added |
| Axis Bank Limited | 2.31% | down 0.76 pts | ₹177 Cr | down ₹35.3 Cr | Trimmed |
| The Ramco Cements Limited | 2.29% | down 0.65 pts | ₹176 Cr | down ₹28.1 Cr | Trimmed |
| Federal-Mogul Goetze (India) Limited. | 2.24% | up 0.03 pts | ₹172 Cr | up ₹18.7 Cr | Added |
| Bank of Baroda | 2.23% | down 0.02 pts | ₹171 Cr | up ₹15 Cr | Added |
| HDFC Bank Limited | 2.19% | down 0.87 pts | ₹167 Cr | down ₹44 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.79% | down 0.17 pts | ₹137 Cr | up ₹1.6 Cr | Added |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.71% | up 0.28 pts | ₹131 Cr | up ₹31.8 Cr | Added |
| Sundaram Clayton Limited | 1.71% | down 0.05 pts | ₹131 Cr | up ₹9.1 Cr | Added |
| Yes Bank Limited | 1.65% | up 0.29 pts | ₹127 Cr | up ₹32.1 Cr | Added |
| Siemens Limited | 1.46% | down 0.42 pts | ₹112 Cr | down ₹18.3 Cr | Trimmed |
| Jubilant Foodworks Limited | 1.42% | down 0.02 pts | ₹109 Cr | up ₹9.5 Cr | Added |
| Aurobindo Pharma Limited | 1.35% | up 1.35 pts | ₹103 Cr | up ₹103 Cr | New |
| Canara Bank | 1.33% | up 0.18 pts | ₹102 Cr | up ₹22.5 Cr | Added |
| Wheels India Limited | 1.31% | down 0.09 pts | ₹101 Cr | up ₹3.9 Cr | Added |
| KSB Limited | 1.29% | up 0.07 pts | ₹98.9 Cr | up ₹14.2 Cr | Added |
| Reliance Capital Ltd | 1.27% | up 0.05 pts | ₹97.3 Cr | up ₹12.9 Cr | Added |
| BEML Limited | 1.26% | down 0.20 pts | ₹96.8 Cr | down ₹4.4 Cr | Trimmed |
| UPL Limited | 1.24% | down 0.53 pts | ₹95.2 Cr | down ₹27.6 Cr | Trimmed |
| Indian Metals & Ferro Alloys Limited | 1.18% | down 0.05 pts | ₹90.5 Cr | up ₹5.1 Cr | Added |
| Trent Limited | 1.16% | down 0.15 pts | ₹88.5 Cr | down ₹1.9 Cr | Trimmed |
| Bharat Forge Limited | 1.09% | down 0.32 pts | ₹83.5 Cr | down ₹14.2 Cr | Trimmed |
| GE Vernova T&D India Limited | 1.08% | down 0.01 pts | ₹82.7 Cr | up ₹7.5 Cr | Added |
| Birla Corporation Limited | 0.99% | up 0.22 pts | ₹75.8 Cr | up ₹22.6 Cr | Added |
| Divi's Laboratories Limited | 0.97% | down 0.34 pts | ₹74.1 Cr | down ₹16 Cr | Trimmed |
| Housing Development Finance Corporation Limited Money market | 0.85% | up 0.85 pts | ₹65 Cr | up ₹65 Cr | New |
| Linde India Limited | 0.81% | down 0.01 pts | ₹61.9 Cr | up ₹5.2 Cr | Added |
| Cipla Limited | 0.77% | down 0.07 pts | ₹58.7 Cr | up ₹92 L | Added |
| Simplex Infrastructures Limited | 0.74% | down 0.05 pts | ₹57 Cr | up ₹1.8 Cr | Added |
| Schneider Electric Infrastructure Limited | 0.70% | down 0.04 pts | ₹53.6 Cr | up ₹2.7 Cr | Added |
| Ramkrishna Forgings Limited | 0.68% | up 0.05 pts | ₹51.8 Cr | up ₹8.7 Cr | Added |
| Cummins India Limited | 0.67% | down 0.14 pts | ₹51.3 Cr | down ₹4.7 Cr | Trimmed |
| Shoppers Stop Limited | 0.65% | up <0.01 pts | ₹49.6 Cr | up ₹5.1 Cr | Added |
| Bombay Burmah Trading Corporation Limited | 0.60% | up 0.07 pts | ₹46.1 Cr | up ₹9.6 Cr | Added |
| Automotive Axles Limited | 0.40% | down <0.01 pts | ₹30.9 Cr | up ₹2.7 Cr | Added |
| Karur Vysya Bank Limited | 0.39% | up <0.01 pts | ₹30.2 Cr | up ₹3.2 Cr | Added |
| Muthoot Finance Limited | 0.39% | down 0.03 pts | ₹29.9 Cr | up ₹1 Cr | Added |
| Kennametal India Limited | 0.39% | down 0.01 pts | ₹29.7 Cr | up ₹1.9 Cr | Added |
| Coal India Limited | 0.37% | down 0.08 pts | ₹28.1 Cr | down ₹2.8 Cr | Trimmed |
What changed, Feb 2017 to Mar 2017
New New positions (4)
- Aurobindo Pharma Limited1.3% · ₹103 Cr
- Housing Development Finance Corporation Limited0.4% · ₹27 Cr
- Dr. Reddy's Laboratories Limited0.2% · ₹19 Cr
- EIH Limited<0.1% · ₹50 L
Exited Exited (4)
- Larsen & Toubro Limitedwas 1.7% · ₹119 Cr
- Info Edge (India) Limitedwas 0.5% · ₹34.7 Cr
- ADITYA BIRLA NUVO LTD.was 0.1% · ₹7.2 Cr
- Canara Bank Rights Formwas <0.1% · ₹2.4 Cr
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 Feb 2017, the weight rose most in IT - Software (+2.2 pts) and Pharmaceuticals & Biotechnology (+1.5 pts), and fell most in Construction (−1.8 pts) and Automobiles (−1.2 pts).
- IT - Software8.1% → 10.4%+2.2 pts
- Pharmaceuticals & Biotechnology2.2% → 3.7%+1.5 pts
- Finance2.0% → 2.6%+0.6 pts
- Diversified FMCG3.1% → 3.7%+0.5 pts
- Auto Ancillaries6.1% → 6.4%+0.3 pts
- Industrial Products5.1% → 5.3%+0.2 pts
- Construction2.6% → 0.8%−1.8 pts
- Automobiles9.4% → 8.2%−1.2 pts
- Ferrous Metals7.8% → 7.0%−0.8 pts
- Retailing2.9% → 2.3%−0.6 pts
- Fertilizers & Agrochemicals1.8% → 1.4%−0.5 pts
- Electrical Equipment6.5% → 6.2%−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 | Mar 2014 | Mar 2016 | Sep 2016 | Dec 2016 | Feb 2017 | Mar 2017 |
|---|---|---|---|---|---|---|
| Banks | 11.8% | 18.1% | 18.7% | 21.6% | 23.7% | 23.4% |
| IT - Software | — | 0.9% | 3.8% | 6.4% | 8.1% | 10.4% |
| Automobiles | 11.9% | 10.2% | 9.3% | 9.3% | 9.4% | 8.2% |
| Ferrous Metals | 6.3% | 5.7% | 6.4% | 7.6% | 7.8% | 7.0% |
| Auto Ancillaries | 4.6% | 6.3% | 6.4% | 6.8% | 6.1% | 6.4% |
| Electrical Equipment | 13.6% | 8.7% | 7.9% | 7.5% | 6.5% | 6.2% |
| Industrial Products | 9.4% | 6.5% | 5.5% | 5.7% | 5.1% | 5.3% |
| Pharmaceuticals & Biotechnology | 7.0% | 2.9% | 3.5% | 2.5% | 2.2% | 3.7% |
| Diversified FMCG | — | 4.7% | 2.9% | 1.5% | 3.1% | 3.7% |
| Cement & Cement Products | 8.2% | 2.2% | 2.9% | 3.3% | 3.8% | 3.6% |
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, Mar 2017
3.8%
▲ 0.4 pts vs Feb 2017
- Cash alone
- 2.9%
- cash and net receivables
- A year earlier
- 2.4%
- Mar 2016 · now ▲ 1.3 pts
- Last 12 months
- 0.4% – 3.8%
- 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.