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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
₹8,492 Cr
up ₹196 Cr vs May 2017
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In June 2017 it disclosed 67 stocks worth ₹8,492 Cr, up ₹196 Cr from May 2017. Its largest positions were TVS Motor Company Limited (8.4%), State Bank of India (6.4%), Infosys Limited (5.9%); the ten largest together made up 41.3% of the portfolio, and Banks was the biggest sector at 19.2% of its equity. Cash and debt stood at 6.1%. Compared with May 2017 the fund entered 4 new stocks and exited 2.
Against 47 other ELSS (tax saving) funds
Concentration
53%
Top-10 weight is higher than 53% of peers
Breadth
72%
Holds more stocks than 72% of peers
Cash
91%
Holds more cash than 91% of peers
What these mean: concentration · cash
Holdings in June 2017
Download CSVEvery line the fund disclosed, with the change against May 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 | 8.39% | down 0.13 pts | ₹713 Cr | up ₹5.4 Cr | Added |
| State Bank of India | 6.38% | up 0.59 pts | ₹542 Cr | up ₹61.8 Cr | Added |
| Infosys Limited | 5.95% | down 0.41 pts | ₹505 Cr | down ₹22.4 Cr | Trimmed |
| Tata Steel Limited | 4.63% | down 0.30 pts | ₹393 Cr | down ₹15.9 Cr | Trimmed |
| ICICI Bank Limited | 4.33% | down 1.87 pts | ₹368 Cr | down ₹146 Cr | Trimmed |
| Honeywell Automation India Limited | 2.75% | down 0.02 pts | ₹233 Cr | up ₹3.7 Cr | Added |
| ABB India Limited | 2.41% | down 0.07 pts | ₹204 Cr | down ₹1.3 Cr | Trimmed |
| HCL Technologies Limited | 2.25% | down 0.09 pts | ₹191 Cr | down ₹3 Cr | Trimmed |
| Jet Airways (India) Ltd | 2.15% | up 0.05 pts | ₹183 Cr | up ₹8.1 Cr | Added |
| ITC Limited | 2.06% | down 1.32 pts | ₹175 Cr | down ₹106 Cr | Trimmed |
| SBI Cards & Payment Services Pvt Ltd Money market | 2.05% | up 2.05 pts | ₹175 Cr | up ₹175 Cr | New |
| Federal-Mogul Goetze (India) Limited. | 2.04% | down 0.21 pts | ₹173 Cr | down ₹13.2 Cr | Trimmed |
| Ambuja Cements Limited | 1.93% | up 1.93 pts | ₹164 Cr | up ₹164 Cr | New |
| Canara Bank | 1.87% | down 0.17 pts | ₹159 Cr | down ₹10.8 Cr | Trimmed |
| Sundaram Clayton Limited | 1.86% | up 0.04 pts | ₹158 Cr | up ₹6.9 Cr | Added |
| Vedanta Limited | 1.85% | up 0.89 pts | ₹157 Cr | up ₹77.4 Cr | Added |
| Axis Bank Limited | 1.81% | down 0.03 pts | ₹154 Cr | up ₹98 L | Added |
| UPL Limited | 1.74% | down 0.09 pts | ₹148 Cr | down ₹3.7 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.70% | down 0.08 pts | ₹145 Cr | down ₹3.6 Cr | Trimmed |
| The Ramco Cements Limited | 1.69% | down 0.58 pts | ₹144 Cr | down ₹45.1 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.61% | down 0.01 pts | ₹136 Cr | up ₹2.2 Cr | Added |
| Bank of Baroda | 1.54% | down 0.20 pts | ₹131 Cr | down ₹13.3 Cr | Trimmed |
| Reliance Capital Ltd | 1.41% | up 0.34 pts | ₹119 Cr | up ₹30.7 Cr | Added |
| Siemens Limited | 1.40% | down 0.07 pts | ₹119 Cr | down ₹2.9 Cr | Trimmed |
| Bharat Forge Limited | 1.39% | down 0.39 pts | ₹118 Cr | down ₹29.4 Cr | Trimmed |
| Divi's Laboratories Limited | 1.39% | up 0.11 pts | ₹118 Cr | up ₹11.8 Cr | Added |
| Aurobindo Pharma Limited | 1.23% | up 0.17 pts | ₹105 Cr | up ₹16.9 Cr | Added |
| KSB Limited | 1.23% | up 0.12 pts | ₹105 Cr | up ₹12.6 Cr | Added |
| Wheels India Limited | 1.20% | down 0.01 pts | ₹102 Cr | up ₹1.1 Cr | Added |
| Birla Corporation Limited | 1.19% | down 0.01 pts | ₹101 Cr | up ₹1.9 Cr | Added |
| Tata Capital Financial Services Ltd Money market | 1.17% | up 1.17 pts | ₹99.7 Cr | up ₹99.7 Cr | New |
| Axis Finance Limited Money market | 1.17% | up 1.17 pts | ₹99.1 Cr | up ₹99.1 Cr | New |
| Bharat Petroleum Corporation Limited | 1.15% | up 0.19 pts | ₹97.8 Cr | up ₹17.6 Cr | Added |
| BEML Limited | 1.14% | up 0.21 pts | ₹96.9 Cr | up ₹19.7 Cr | Added |
| Simplex Infrastructures Limited | 1.12% | up 0.18 pts | ₹94.9 Cr | up ₹17.3 Cr | Added |
| Yes Bank Limited | 1.10% | down <0.01 pts | ₹93.5 Cr | up ₹2.1 Cr | Added |
| Jubilant Foodworks Limited | 1.09% | up 0.01 pts | ₹92.8 Cr | up ₹3.1 Cr | Added |
| Cipla Limited | 1.06% | up 0.16 pts | ₹90 Cr | up ₹15.7 Cr | Added |
| GE Vernova T&D India Limited | 1.02% | down 0.07 pts | ₹86.4 Cr | down ₹3.9 Cr | Trimmed |
| Linde India Limited | 0.95% | up 0.01 pts | ₹80.6 Cr | up ₹2.7 Cr | Added |
| Zee Entertainment Enterprises Limited | 0.89% | up 0.21 pts | ₹75.2 Cr | up ₹19.6 Cr | Added |
| Trent Limited | 0.86% | down 0.12 pts | ₹72.7 Cr | down ₹8.4 Cr | Trimmed |
| Thyrocare Technologies Limited | 0.83% | up 0.83 pts | ₹70.7 Cr | up ₹70.7 Cr | New |
| ACC Limited | 0.83% | up 0.83 pts | ₹70.6 Cr | up ₹70.6 Cr | New |
| HDFC Bank Limited Money market | 0.82% | up 0.82 pts | ₹69.6 Cr | up ₹69.6 Cr | New |
| IDFC Bank Limited Money market | 0.70% | up 0.70 pts | ₹59.6 Cr | up ₹59.6 Cr | New |
| Ashok Leyland Limited | 0.70% | down 0.02 pts | ₹59.1 Cr | down ₹41 L | Trimmed |
| Indian Metals & Ferro Alloys Limited | 0.65% | up 0.05 pts | ₹55.3 Cr | up ₹5.7 Cr | Added |
| Ramkrishna Forgings Limited | 0.65% | up 0.04 pts | ₹55 Cr | up ₹4.6 Cr | Added |
| Muthoot Finance Limited | 0.63% | up 0.05 pts | ₹53.3 Cr | up ₹5 Cr | Added |
What changed, May 2017 to Jun 2017
New New positions (4)
- Ambuja Cements Limited1.9% · ₹164 Cr
- Thyrocare Technologies Limited0.8% · ₹70.7 Cr
- ACC Limited0.8% · ₹70.6 Cr
- Grasim Industries Limited0.5% · ₹45.1 Cr
Exited Exited (2)
- HDFC Bank Limitedwas 2.3% · ₹190 Cr
- Housing Development Finance Corporation Limitedwas 0.9% · ₹77.7 Cr
Added Biggest additions
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 May 2017, the weight rose most in Cement & Cement Products (+3.0 pts) and Diversified Metals (+1.0 pts), and fell most in Banks (−3.7 pts) and Diversified FMCG (−1.3 pts).
- Cement & Cement Products3.6% → 6.6%+3.0 pts
- Diversified Metals1.0% → 2.0%+1.0 pts
- Healthcare Services0.0% → 0.9%new+0.9 pts
- Pharmaceuticals & Biotechnology3.8% → 4.4%+0.6 pts
- Entertainment0.7% → 0.9%+0.2 pts
- Agricultural, Commercial & Construction Vehicles1.7% → 2.0%+0.2 pts
- Banks23.0% → 19.2%−3.7 pts
- Diversified FMCG3.5% → 2.2%−1.3 pts
- Finance3.2% → 2.7%−0.5 pts
- IT - Software9.1% → 8.7%−0.4 pts
- Industrial Products5.3% → 5.1%−0.2 pts
- Electrical Equipment5.9% → 5.7%−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 | Jun 2014 | Jun 2016 | Dec 2016 | Mar 2017 | May 2017 | Jun 2017 |
|---|---|---|---|---|---|---|
| Banks | 7.7% | 19.6% | 21.6% | 23.4% | 23.0% | 19.2% |
| Automobiles | 11.5% | 8.6% | 9.3% | 8.2% | 8.9% | 8.9% |
| IT - Software | 3.4% | 1.3% | 6.4% | 10.4% | 9.1% | 8.7% |
| Cement & Cement Products | 6.5% | 2.8% | 3.3% | 3.6% | 3.6% | 6.6% |
| Auto Ancillaries | 6.0% | 5.8% | 6.8% | 6.4% | 6.0% | 5.9% |
| Electrical Equipment | 13.2% | 8.8% | 7.5% | 6.2% | 5.9% | 5.7% |
| Ferrous Metals | 1.9% | 5.8% | 7.6% | 7.0% | 5.8% | 5.6% |
| Industrial Products | 9.9% | 6.0% | 5.7% | 5.3% | 5.3% | 5.1% |
| Pharmaceuticals & Biotechnology | 5.5% | 3.4% | 2.5% | 3.7% | 3.8% | 4.4% |
| Leisure Services | 0.7% | 5.2% | 3.3% | 3.6% | 3.0% | 3.0% |
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, Jun 2017
6.1%
▲ 1.8 pts vs May 2017
- Cash alone
- 0.1%
- cash and net receivables
- A year earlier
- 0.8%
- Jun 2016 · now ▲ 5.3 pts
- Last 12 months
- 0.4% – 9.1%
- lowest to highest · record 9.1% in Apr 2017
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.