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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
₹9,114 Cr
up ₹71.4 Cr vs Aug 2017
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In September 2017 it disclosed 68 stocks worth ₹9,114 Cr, up ₹71.4 Cr from Aug 2017. Its largest positions were TVS Motor Company Limited (7.8%), State Bank of India (6.3%), Tata Steel Limited (5.3%); the ten largest together made up 44.4% of the portfolio, and Banks was the biggest sector at 16.6% of its equity. Cash and debt stood at 3.5%. Compared with Aug 2017 the fund entered 3 new stocks and exited 5.
Against 47 other ELSS (tax saving) funds
Concentration
62%
Top-10 weight is higher than 62% of peers
Breadth
74%
Holds more stocks than 74% of peers
Cash
66%
Holds more cash than 66% of peers
What these mean: concentration · cash
Holdings in September 2017
Download CSVEvery line the fund disclosed, with the change against Aug 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 | 7.79% | down 0.88 pts | ₹710 Cr | down ₹73.9 Cr | Trimmed |
| State Bank of India | 6.27% | down 0.23 pts | ₹571 Cr | down ₹16.3 Cr | Trimmed |
| Tata Steel Limited | 5.26% | up 0.81 pts | ₹479 Cr | up ₹77.3 Cr | Added |
| Infosys Limited | 4.89% | down 0.12 pts | ₹445 Cr | down ₹7.4 Cr | Trimmed |
| ICICI Bank Limited | 4.12% | down 0.35 pts | ₹375 Cr | down ₹29.1 Cr | Trimmed |
| Tata Motors Limited | 3.57% | up 2.63 pts | ₹325 Cr | up ₹240 Cr | Added |
| Honeywell Automation India Limited | 3.45% | up 0.53 pts | ₹314 Cr | up ₹50.5 Cr | Added |
| Ambuja Cements Limited | 3.42% | up 0.07 pts | ₹312 Cr | up ₹9 Cr | Added |
| Bharat Forge Limited | 3.05% | up 0.11 pts | ₹278 Cr | up ₹11.8 Cr | Added |
| ABB India Limited | 2.64% | up 0.40 pts | ₹240 Cr | up ₹37.7 Cr | Added |
| HCL Technologies Limited | 2.25% | up 0.01 pts | ₹205 Cr | up ₹2.2 Cr | Added |
| Cochin Shipyard Limited | 2.11% | up 0.01 pts | ₹192 Cr | up ₹2.4 Cr | Added |
| GE Vernova T&D India Limited | 1.94% | up 0.38 pts | ₹177 Cr | up ₹35.9 Cr | Added |
| Jet Airways (India) Ltd | 1.90% | down 0.40 pts | ₹173 Cr | down ₹34.8 Cr | Trimmed |
| Cash, TREPS & receivables | 1.85% | down 1.21 pts | ₹169 Cr | down ₹108 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.84% | down 0.17 pts | ₹168 Cr | down ₹14.2 Cr | Trimmed |
| Sundaram Clayton Limited | 1.81% | up 0.05 pts | ₹165 Cr | up ₹5.5 Cr | Added |
| Divi's Laboratories Limited | 1.79% | up 0.39 pts | ₹163 Cr | up ₹36.7 Cr | Added |
| Federal-Mogul Goetze (India) Limited. | 1.74% | up 0.01 pts | ₹159 Cr | up ₹2.4 Cr | Added |
| Axis Bank Limited | 1.66% | up 0.02 pts | ₹151 Cr | up ₹2.6 Cr | Added |
| Birla Corporation Limited | 1.65% | down 0.14 pts | ₹150 Cr | down ₹11.7 Cr | Trimmed |
| Canara Bank | 1.63% | down 0.18 pts | ₹149 Cr | down ₹15.3 Cr | Trimmed |
| Bank of Baroda | 1.63% | down 0.02 pts | ₹149 Cr | down ₹27 L | Held |
| Bharti Airtel Limited | 1.54% | up 0.05 pts | ₹140 Cr | up ₹5.5 Cr | Added |
| UPL Limited | 1.50% | down 0.11 pts | ₹137 Cr | down ₹8.7 Cr | Trimmed |
| Siemens Limited | 1.41% | up 0.10 pts | ₹128 Cr | up ₹9.9 Cr | Added |
| ITC Limited | 1.38% | down 0.14 pts | ₹126 Cr | down ₹11.6 Cr | Trimmed |
| Reliance Capital Ltd | 1.35% | down 0.52 pts | ₹123 Cr | down ₹46.2 Cr | Trimmed |
| Wheels India Limited | 1.34% | up 0.01 pts | ₹123 Cr | up ₹1.5 Cr | Added |
| Thyrocare Technologies Limited | 1.26% | down 0.02 pts | ₹115 Cr | down ₹1.1 Cr | Trimmed |
| Jubilant Foodworks Limited | 1.24% | down 0.35 pts | ₹113 Cr | down ₹30.3 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 1.19% | down 0.16 pts | ₹108 Cr | down ₹13.2 Cr | Trimmed |
| KSB Limited | 1.15% | up 0.08 pts | ₹105 Cr | up ₹7.7 Cr | Added |
| The Indian Hotels Company Limited | 1.15% | down 0.27 pts | ₹105 Cr | down ₹23.7 Cr | Trimmed |
| Cholamandalam Investment and Finance Company Limited Money market | 1.09% | up 1.09 pts | ₹99.2 Cr | up ₹99.2 Cr | New |
| Cipla Limited | 1.04% | up 0.02 pts | ₹94.9 Cr | up ₹2.3 Cr | Added |
| Linde India Limited | 0.96% | down 0.09 pts | ₹87.3 Cr | down ₹7.2 Cr | Trimmed |
| Simplex Infrastructures Limited | 0.89% | down 0.11 pts | ₹81.1 Cr | down ₹9.2 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 0.85% | up 0.53 pts | ₹77.5 Cr | up ₹48.4 Cr | Added |
| ACC Limited | 0.82% | down 0.08 pts | ₹74.6 Cr | down ₹6.5 Cr | Trimmed |
| Trent Limited | 0.81% | down 0.20 pts | ₹74.2 Cr | down ₹17.2 Cr | Trimmed |
| Bombay Burmah Trading Corporation Limited | 0.76% | up 0.16 pts | ₹69.5 Cr | up ₹15.3 Cr | Added |
| Shoppers Stop Limited | 0.72% | up 0.18 pts | ₹65.7 Cr | up ₹16.7 Cr | Added |
| Indian Metals & Ferro Alloys Limited | 0.70% | down 0.04 pts | ₹63.7 Cr | down ₹3.3 Cr | Trimmed |
| Ramkrishna Forgings Limited | 0.68% | up 0.04 pts | ₹62 Cr | up ₹4.2 Cr | Added |
| Muthoot Finance Limited | 0.61% | down 0.01 pts | ₹55.6 Cr | down ₹16 L | Held |
| Cummins India Limited | 0.55% | up <0.01 pts | ₹49.9 Cr | up ₹63 L | Added |
| Aditya Birla Finance Limited Money market | 0.54% | up 0.54 pts | ₹49.6 Cr | up ₹49.6 Cr | New |
| Schneider Electric Infrastructure Limited | 0.49% | down 0.02 pts | ₹44.9 Cr | down ₹1.6 Cr | Trimmed |
| Automotive Axles Limited | 0.47% | up 0.09 pts | ₹42.8 Cr | up ₹8.3 Cr | Added |
What changed, Aug 2017 to Sep 2017
New New positions (3)
- Reliance Home Finance Limited0.2% · ₹20.9 Cr
- Bharat Road Network Limited0.1% · ₹9.3 Cr
- Vijaya Bank0.1% · ₹8.7 Cr
Exited Exited (5)
- The Ramco Cements Limitedwas 1.0% · ₹93.3 Cr
- BEML Limitedwas 0.7% · ₹64.5 Cr
- Zee Entertainment Enterprises Limitedwas 0.5% · ₹48.3 Cr
- Grasim Industries Limitedwas 0.5% · ₹43.4 Cr
- Aditya Birla Capital Limitedwas 0.1% · ₹9.4 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 Aug 2017, the weight rose most in Automobiles (+1.9 pts) and Pharmaceuticals & Biotechnology (+1.0 pts), and fell most in Cement & Cement Products (−1.7 pts) and Agricultural, Commercial & Construction Vehicles (−0.7 pts).
- Automobiles9.9% → 11.8%+1.9 pts
- Pharmaceuticals & Biotechnology2.8% → 3.8%+1.0 pts
- Electrical Equipment5.8% → 6.7%+0.9 pts
- Ferrous Metals5.4% → 6.2%+0.8 pts
- Industrial Manufacturing5.2% → 5.8%+0.6 pts
- Auto Ancillaries5.5% → 5.6%+0.2 pts
- Cement & Cement Products7.8% → 6.1%−1.7 pts
- Agricultural, Commercial & Construction Vehicles0.7% → 0.0%exited−0.7 pts
- Banks17.3% → 16.6%−0.6 pts
- Entertainment0.6% → 0.0%exited−0.6 pts
- Leisure Services3.2% → 2.6%−0.6 pts
- Transportation2.4% → 2.0%−0.4 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 | Sep 2014 | Sep 2016 | Mar 2017 | Jun 2017 | Aug 2017 | Sep 2017 |
|---|---|---|---|---|---|---|
| Banks | 6.0% | 18.7% | 23.4% | 19.2% | 17.3% | 16.6% |
| Automobiles | 13.1% | 9.3% | 8.2% | 8.9% | 9.9% | 11.8% |
| IT - Software | 3.9% | 3.8% | 10.4% | 8.7% | 7.5% | 7.4% |
| Industrial Products | 8.6% | 5.5% | 5.3% | 5.1% | 6.8% | 6.8% |
| Electrical Equipment | 13.7% | 7.9% | 6.2% | 5.7% | 5.8% | 6.7% |
| Ferrous Metals | 4.6% | 6.4% | 7.0% | 5.6% | 5.4% | 6.2% |
| Cement & Cement Products | 6.3% | 2.9% | 3.6% | 6.6% | 7.8% | 6.1% |
| Industrial Manufacturing | 3.4% | 3.2% | 3.0% | 2.9% | 5.2% | 5.8% |
| Auto Ancillaries | 6.9% | 6.4% | 6.4% | 5.9% | 5.5% | 5.6% |
| Pharmaceuticals & Biotechnology | 5.8% | 3.5% | 3.7% | 4.4% | 2.8% | 3.8% |
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, Sep 2017
3.5%
▲ 0.4 pts vs Aug 2017
- Cash alone
- 1.8%
- cash and net receivables
- A year earlier
- 1.6%
- Sep 2016 · now ▲ 1.9 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.