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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
₹10,345 Cr
down ₹467 Cr vs Jan 2018
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In February 2018 it disclosed 62 stocks worth ₹10,345 Cr, down ₹467 Cr from Jan 2018. Its largest positions were Tata Steel Limited (7.2%), State Bank of India (7.2%), TVS Motor Company Limited (6.9%); the ten largest together made up 48.1% of the portfolio, and Banks was the biggest sector at 16.7% of its equity. Cash and debt stood at 2.3%. Compared with Jan 2018 the fund entered 2 new stocks and exited 4.
Against 47 other ELSS (tax saving) funds
Concentration
81%
Top-10 weight is higher than 81% of peers
Breadth
68%
Holds more stocks than 68% of peers
Cash
45%
Holds more cash than 45% of peers
What these mean: concentration · cash
Holdings in February 2018
Download CSVEvery line the fund disclosed, with the change against Jan 2018. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| Tata Steel Limited | 7.21% | up 2.64 pts | ₹746 Cr | up ₹251 Cr | Added |
| State Bank of India | 7.16% | down 1.19 pts | ₹740 Cr | down ₹162 Cr | Trimmed |
| TVS Motor Company Limited | 6.87% | up 0.20 pts | ₹711 Cr | down ₹10.3 Cr | Trimmed |
| Tata Motors Limited | 6.02% | up 1.36 pts | ₹623 Cr | up ₹119 Cr | Added |
| ABB India Limited | 4.00% | down 0.06 pts | ₹414 Cr | down ₹25.4 Cr | Trimmed |
| Ambuja Cements Limited | 3.84% | up 0.90 pts | ₹397 Cr | up ₹79.4 Cr | Added |
| ICICI Bank Limited | 3.49% | down 1.04 pts | ₹361 Cr | down ₹128 Cr | Trimmed |
| Honeywell Automation India Limited | 3.38% | up 0.21 pts | ₹350 Cr | up ₹7.4 Cr | Added |
| Bharat Forge Limited | 3.35% | up 0.44 pts | ₹346 Cr | up ₹31.7 Cr | Added |
| SBI Life Insurance Company Limited | 2.76% | up 0.38 pts | ₹286 Cr | up ₹28.2 Cr | Added |
| Jet Airways (India) Ltd | 2.53% | up 0.08 pts | ₹262 Cr | down ₹2.7 Cr | Trimmed |
| Siemens Limited | 2.43% | up 0.10 pts | ₹251 Cr | down ₹69 L | Held |
| GE Vernova T&D India Limited | 2.29% | up 0.03 pts | ₹237 Cr | down ₹7.9 Cr | Trimmed |
| Bharti Airtel Limited | 2.24% | up 0.04 pts | ₹231 Cr | down ₹6.1 Cr | Trimmed |
| Cash, TREPS & receivables | 2.13% | up 1.53 pts | ₹220 Cr | up ₹155 Cr | Added |
| Canara Bank | 2.08% | up 0.09 pts | ₹215 Cr | up ₹41 L | Held |
| Cochin Shipyard Limited | 1.95% | up 0.07 pts | ₹201 Cr | down ₹2 Cr | Trimmed |
| Wheels India Limited | 1.92% | up 0.10 pts | ₹199 Cr | up ₹1.9 Cr | Added |
| Divi's Laboratories Limited | 1.89% | up 0.06 pts | ₹196 Cr | down ₹2.6 Cr | Trimmed |
| Bank of Baroda | 1.79% | down 0.10 pts | ₹185 Cr | down ₹19.4 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.67% | up 0.07 pts | ₹173 Cr | down ₹35 L | Held |
| Bharat Heavy Electricals Limited | 1.64% | down 0.11 pts | ₹170 Cr | down ₹19.5 Cr | Trimmed |
| Cummins India Limited | 1.63% | down 0.14 pts | ₹168 Cr | down ₹22.8 Cr | Trimmed |
| Sundaram Clayton Limited | 1.62% | up 0.09 pts | ₹168 Cr | up ₹1.8 Cr | Added |
| Punjab National Bank | 1.59% | down 0.84 pts | ₹164 Cr | down ₹97.9 Cr | Trimmed |
| Federal-Mogul Goetze (India) Limited. | 1.56% | down 0.04 pts | ₹161 Cr | down ₹11.4 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.43% | up 0.05 pts | ₹148 Cr | down ₹1.1 Cr | Trimmed |
| KSB Limited | 1.42% | down 0.07 pts | ₹147 Cr | down ₹14.7 Cr | Trimmed |
| ITD Cementation India Limited | 1.25% | down 0.02 pts | ₹130 Cr | down ₹8.4 Cr | Trimmed |
| Birla Corporation Limited | 1.22% | down 0.24 pts | ₹127 Cr | down ₹32 Cr | Trimmed |
| Linde India Limited | 1.09% | down 0.02 pts | ₹113 Cr | down ₹7.7 Cr | Trimmed |
| Thyrocare Technologies Limited | 1.09% | down 0.06 pts | ₹113 Cr | down ₹11.7 Cr | Trimmed |
| Reliance Capital Ltd | 1.01% | up 0.01 pts | ₹104 Cr | down ₹4.2 Cr | Trimmed |
| Simplex Infrastructures Limited | 0.91% | up 0.03 pts | ₹93.9 Cr | down ₹85 L | Trimmed |
| UPL Limited | 0.77% | up 0.01 pts | ₹79.4 Cr | down ₹2.5 Cr | Trimmed |
| Trent Limited | 0.75% | up 0.03 pts | ₹77.7 Cr | down ₹49 L | Trimmed |
| Dr. Reddy's Laboratories Limited | 0.72% | up 0.03 pts | ₹74.5 Cr | up ₹40 L | Added |
| Shoppers Stop Limited | 0.71% | up 0.06 pts | ₹73.3 Cr | up ₹2.9 Cr | Added |
| Schneider Electric Infrastructure Limited | 0.70% | up 0.28 pts | ₹72.4 Cr | up ₹27.4 Cr | Added |
| Ramkrishna Forgings Limited | 0.65% | up 0.01 pts | ₹67.7 Cr | down ₹2.4 Cr | Trimmed |
| Reliance Infrastructure Limited | 0.55% | down 0.02 pts | ₹57.3 Cr | down ₹5.1 Cr | Trimmed |
| Varun Beverages Limited | 0.54% | down 0.01 pts | ₹55.5 Cr | down ₹3.6 Cr | Trimmed |
| Bombay Burmah Trading Corporation Limited | 0.52% | down 0.01 pts | ₹53.4 Cr | down ₹3.3 Cr | Trimmed |
| Automotive Axles Limited | 0.52% | up 0.02 pts | ₹53.3 Cr | down ₹19 L | Held |
| Cipla Limited | 0.48% | down 0.02 pts | ₹49.1 Cr | down ₹4.2 Cr | Trimmed |
| SIS Limited | 0.45% | up 0.02 pts | ₹47 Cr | down ₹19 L | Held |
| Ashoka Buildcon Limited | 0.44% | up <0.01 pts | ₹45.6 Cr | down ₹1.7 Cr | Trimmed |
| Indian Metals & Ferro Alloys Limited | 0.43% | down 0.04 pts | ₹44.3 Cr | down ₹6.3 Cr | Trimmed |
| Orient Cement Limited | 0.35% | up 0.03 pts | ₹36.1 Cr | up ₹2 Cr | Added |
| Max Financial Services Limited | 0.34% | down 0.01 pts | ₹35.7 Cr | down ₹2.8 Cr | Trimmed |
What changed, Jan 2018 to Feb 2018
New New positions (2)
- NTPC Limited0.2% · ₹16.2 Cr
- Tata Steel Limited Partly Paid Up Share0.1% · ₹11.8 Cr
Exited Exited (4)
- Infosys Limitedwas 3.7% · ₹404 Cr
- Jubilant Foodworks Limitedwas 0.9% · ₹91.9 Cr
- Tata Steel Limited - Rights Form Fully Paid Upwas 0.2% · ₹21.9 Cr
- Tata Steel Limited - Rights Form Partly Paid Upwas <0.1% · ₹5.1 Cr
Added Biggest additions
- Tata Steel Limited ₹251 Cr (+2.64% 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 Jan 2018, the weight rose most in Ferrous Metals (+2.6 pts) and Automobiles (+1.7 pts), and fell most in IT - Software (−3.8 pts) and Banks (−2.9 pts).
- Ferrous Metals5.4% → 7.9%+2.6 pts
- Automobiles11.4% → 13.2%+1.7 pts
- Cement & Cement Products4.5% → 5.2%+0.7 pts
- Insurance2.8% → 3.2%+0.4 pts
- Industrial Products7.9% → 8.3%+0.4 pts
- Electrical Equipment10.9% → 11.3%+0.4 pts
- IT - Software3.8% → 0.0%exited−3.8 pts
- Banks19.6% → 16.7%−2.9 pts
- Leisure Services2.5% → 1.7%−0.8 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 | Feb 2015 | Feb 2017 | Aug 2017 | Nov 2017 | Jan 2018 | Feb 2018 |
|---|---|---|---|---|---|---|
| Banks | 10.3% | 23.7% | 17.3% | 16.8% | 19.6% | 16.7% |
| Automobiles | 11.3% | 9.4% | 9.9% | 11.8% | 11.4% | 13.2% |
| Electrical Equipment | 14.9% | 6.5% | 5.8% | 7.5% | 10.9% | 11.3% |
| Industrial Products | 8.1% | 5.1% | 6.8% | 7.9% | 7.9% | 8.3% |
| Ferrous Metals | 7.4% | 7.8% | 5.4% | 6.1% | 5.4% | 7.9% |
| Auto Ancillaries | 7.4% | 6.1% | 5.5% | 5.6% | 5.6% | 5.8% |
| Industrial Manufacturing | 4.1% | 3.0% | 5.2% | 5.5% | 5.1% | 5.5% |
| Cement & Cement Products | 5.0% | 3.8% | 7.8% | 5.1% | 4.5% | 5.2% |
| Insurance | — | — | 0.5% | 3.3% | 2.8% | 3.2% |
| Pharmaceuticals & Biotechnology | 3.1% | 2.2% | 2.8% | 3.5% | 3.0% | 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, Feb 2018
2.3%
▲ 1.3 pts vs Jan 2018
- Cash alone
- 2.1%
- cash and net receivables
- A year earlier
- 3.4%
- Feb 2017 · now ▼ 1.1 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.