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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
₹9,983 Cr
up ₹870 Cr vs Sep 2017
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In October 2017 it disclosed 65 stocks worth ₹9,983 Cr, up ₹870 Cr from Sep 2017. Its largest positions were TVS Motor Company Limited (7.8%), State Bank of India (6.9%), ICICI Bank Limited (5.4%); the ten largest together made up 46.2% of the portfolio, and Banks was the biggest sector at 17.8% of its equity. Cash and debt stood at 1.8%. Compared with Sep 2017 the fund entered 4 new stocks and exited 7.
Against 47 other ELSS (tax saving) funds
Concentration
74%
Top-10 weight is higher than 74% of peers
Breadth
72%
Holds more stocks than 72% of peers
Cash
30%
Holds more cash than 30% of peers
What these mean: concentration · cash
Holdings in October 2017
Download CSVEvery line the fund disclosed, with the change against Sep 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 | 7.82% | up 0.04 pts | ₹781 Cr | up ₹71.5 Cr | Added |
| State Bank of India | 6.86% | up 0.60 pts | ₹685 Cr | up ₹114 Cr | Added |
| ICICI Bank Limited | 5.35% | up 1.23 pts | ₹534 Cr | up ₹159 Cr | Added |
| Tata Steel Limited | 5.08% | down 0.18 pts | ₹507 Cr | up ₹27.5 Cr | Added |
| Infosys Limited | 4.57% | down 0.32 pts | ₹456 Cr | up ₹10.9 Cr | Added |
| Tata Motors Limited | 4.25% | up 0.68 pts | ₹424 Cr | up ₹98.9 Cr | Added |
| Honeywell Automation India Limited | 3.17% | down 0.28 pts | ₹316 Cr | up ₹2 Cr | Added |
| Bharat Forge Limited | 3.15% | up 0.10 pts | ₹314 Cr | up ₹36.5 Cr | Added |
| Ambuja Cements Limited | 3.00% | down 0.42 pts | ₹299 Cr | down ₹12.5 Cr | Trimmed |
| ABB India Limited | 2.91% | up 0.27 pts | ₹290 Cr | up ₹49.8 Cr | Added |
| SBI Life Insurance Company Limited | 2.39% | up 2.39 pts | ₹238 Cr | up ₹238 Cr | New |
| Bharti Airtel Limited | 2.24% | up 0.70 pts | ₹224 Cr | up ₹83.5 Cr | Added |
| Cochin Shipyard Limited | 2.14% | up 0.04 pts | ₹214 Cr | up ₹22 Cr | Added |
| Jet Airways (India) Ltd | 2.10% | up 0.20 pts | ₹210 Cr | up ₹36.6 Cr | Added |
| Sundaram Clayton Limited | 2.02% | up 0.22 pts | ₹202 Cr | up ₹37.2 Cr | Added |
| GE Vernova T&D India Limited | 1.97% | up 0.04 pts | ₹197 Cr | up ₹20.4 Cr | Added |
| Birla Corporation Limited | 1.91% | up 0.26 pts | ₹190 Cr | up ₹39.9 Cr | Added |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.72% | down 0.12 pts | ₹172 Cr | up ₹4.4 Cr | Added |
| Divi's Laboratories Limited | 1.69% | down 0.10 pts | ₹168 Cr | up ₹5.1 Cr | Added |
| Canara Bank | 1.65% | up 0.01 pts | ₹164 Cr | up ₹15.4 Cr | Added |
| Federal-Mogul Goetze (India) Limited. | 1.60% | down 0.13 pts | ₹160 Cr | up ₹1.7 Cr | Added |
| Bank of Baroda | 1.53% | down 0.10 pts | ₹153 Cr | up ₹4.3 Cr | Added |
| Cummins India Limited | 1.47% | up 0.92 pts | ₹147 Cr | up ₹96.7 Cr | Added |
| Axis Bank Limited | 1.46% | down 0.20 pts | ₹146 Cr | down ₹5.3 Cr | Trimmed |
| Siemens Limited | 1.46% | up 0.05 pts | ₹146 Cr | up ₹17.3 Cr | Added |
| Wheels India Limited | 1.43% | up 0.08 pts | ₹143 Cr | up ₹20.1 Cr | Added |
| UPL Limited | 1.41% | down 0.09 pts | ₹141 Cr | up ₹3.7 Cr | Added |
| HCL Technologies Limited | 1.39% | down 0.86 pts | ₹139 Cr | down ₹66.2 Cr | Trimmed |
| KSB Limited | 1.27% | up 0.12 pts | ₹127 Cr | up ₹22.2 Cr | Added |
| Jubilant Foodworks Limited | 1.25% | up 0.01 pts | ₹125 Cr | up ₹12.2 Cr | Added |
| The Indian Hotels Company Limited | 1.23% | up 0.08 pts | ₹122 Cr | up ₹17.6 Cr | Added |
| Reliance Capital Ltd | 1.22% | down 0.14 pts | ₹122 Cr | down ₹1.9 Cr | Trimmed |
| Thyrocare Technologies Limited | 1.19% | down 0.07 pts | ₹118 Cr | up ₹3.6 Cr | Added |
| Linde India Limited | 1.00% | up 0.05 pts | ₹100 Cr | up ₹12.9 Cr | Added |
| Tata Capital Financial Services Limited Money market | 1.00% | up 1.00 pts | ₹100 Cr | up ₹100 Cr | New |
| Bombay Burmah Trading Corporation Limited | 0.89% | up 0.13 pts | ₹89.1 Cr | up ₹19.6 Cr | Added |
| Simplex Infrastructures Limited | 0.88% | down 0.01 pts | ₹88.1 Cr | up ₹7 Cr | Added |
| Bharat Petroleum Corporation Limited | 0.88% | down 0.31 pts | ₹87.7 Cr | down ₹20.4 Cr | Trimmed |
| ACC Limited | 0.82% | down <0.01 pts | ₹81.4 Cr | up ₹6.9 Cr | Added |
| Dr. Reddy's Laboratories Limited | 0.81% | down 0.04 pts | ₹80.9 Cr | up ₹3.3 Cr | Added |
| Cipla Limited | 0.79% | down 0.25 pts | ₹79.1 Cr | down ₹15.9 Cr | Trimmed |
| Ramkrishna Forgings Limited | 0.79% | up 0.11 pts | ₹78.8 Cr | up ₹16.8 Cr | Added |
| Trent Limited | 0.73% | down 0.09 pts | ₹72.7 Cr | down ₹1.5 Cr | Trimmed |
| Shoppers Stop Limited | 0.72% | down <0.01 pts | ₹71.7 Cr | up ₹6 Cr | Added |
| Indian Metals & Ferro Alloys Limited | 0.65% | down 0.05 pts | ₹64.7 Cr | up ₹94 L | Added |
| Muthoot Finance Limited | 0.58% | down 0.03 pts | ₹57.7 Cr | up ₹2.2 Cr | Added |
| Aditya Birla Finance Limited Money market | 0.50% | down 0.04 pts | ₹49.9 Cr | up ₹28 L | Added |
| Schneider Electric Infrastructure Limited | 0.47% | down 0.02 pts | ₹46.9 Cr | up ₹2 Cr | Added |
| Max Financial Services Limited | 0.42% | down 0.04 pts | ₹42.3 Cr | down ₹28 L | Trimmed |
| Reliance Infrastructure Limited | 0.37% | down <0.01 pts | ₹37.1 Cr | up ₹3 Cr | Added |
What changed, Sep 2017 to Oct 2017
New New positions (4)
- SBI Life Insurance Company Limited2.4% · ₹238 Cr
- Ashoka Buildcon Limited0.2% · ₹23 Cr
- ITD Cementation India Limited<0.1% · ₹4 Cr
- Karur Vysya Bank Limited Rights Form<0.1% · ₹2 Cr
Exited Exited (7)
- ITC Limitedwas 1.4% · ₹126 Cr
- Shriram Transport Finance Company Limitedwas 0.5% · ₹42.4 Cr
- Coal India Limitedwas 0.3% · ₹26.8 Cr
- Torrent Power Limitedwas 0.2% · ₹19 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 Sep 2017, the weight rose most in Insurance (+2.4 pts) and Banks (+1.1 pts), and fell most in Diversified FMCG (−1.4 pts) and IT - Software (−1.3 pts).
- Insurance0.5% → 2.9%+2.4 pts
- Banks16.6% → 17.8%+1.1 pts
- Industrial Products6.8% → 7.8%+0.9 pts
- Automobiles11.8% → 12.3%+0.5 pts
- Telecom - Services1.8% → 2.3%+0.5 pts
- Construction Project0.0% → 0.2%new+0.2 pts
- Diversified FMCG1.4% → 0.0%exited−1.4 pts
- IT - Software7.4% → 6.1%−1.3 pts
- Finance3.2% → 2.4%−0.8 pts
- Pharmaceuticals & Biotechnology3.8% → 3.3%−0.5 pts
- Industrial Manufacturing5.8% → 5.4%−0.3 pts
- Ferrous Metals6.2% → 5.8%−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 | Oct 2014 | Oct 2016 | Apr 2017 | Jul 2017 | Sep 2017 | Oct 2017 |
|---|---|---|---|---|---|---|
| Banks | 8.5% | 18.1% | 24.6% | 19.1% | 16.6% | 17.8% |
| Automobiles | 13.1% | 9.7% | 8.9% | 8.7% | 11.8% | 12.3% |
| Industrial Products | 8.2% | 5.3% | 5.1% | 6.0% | 6.8% | 7.8% |
| Electrical Equipment | 15.1% | 7.5% | 6.3% | 5.5% | 6.7% | 6.9% |
| IT - Software | 3.4% | 3.9% | 9.1% | 9.1% | 7.4% | 6.1% |
| Ferrous Metals | 5.8% | 7.0% | 5.9% | 5.4% | 6.2% | 5.8% |
| Cement & Cement Products | 5.7% | 3.5% | 3.5% | 7.7% | 6.1% | 5.8% |
| Auto Ancillaries | 6.9% | 6.8% | 6.6% | 5.7% | 5.6% | 5.6% |
| Industrial Manufacturing | 3.3% | 3.0% | 3.0% | 2.9% | 5.8% | 5.4% |
| Pharmaceuticals & Biotechnology | 5.6% | 3.3% | 3.6% | 2.9% | 3.8% | 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, Oct 2017
1.8%
▼ 1.7 pts vs Sep 2017
- Cash alone
- 0.3%
- cash and net receivables
- A year earlier
- 0.4%
- Oct 2016 · now ▲ 1.4 pts
- Last 12 months
- 0.6% – 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.