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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
₹9,545 Cr
down ₹451 Cr vs May 2018
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In June 2018 it disclosed 60 stocks worth ₹9,545 Cr, down ₹451 Cr from May 2018. Its largest positions were State Bank of India (10.0%), Tata Steel Limited (8.3%), TVS Motor Company Limited (6.0%); the ten largest together made up 49.2% of the portfolio, and Banks was the biggest sector at 19.2% of its equity. Cash and debt stood at 2.6%. Compared with May 2018 the fund entered 1 new stock and exited 6.
Against 47 other ELSS (tax saving) funds
Concentration
85%
Top-10 weight is higher than 85% of peers
Breadth
64%
Holds more stocks than 64% of peers
Cash
49%
Holds more cash than 49% of peers
What these mean: concentration · cash
Holdings in June 2018
Download CSVEvery line the fund disclosed, with the change against May 2018. Click a column to sort; click a company to see every fund that owns it. New to these? How to read a portfolio.
| State Bank of India | 10.03% | up 0.08 pts | ₹957 Cr | down ₹37.6 Cr | Trimmed |
| Tata Steel Limited | 8.30% | up 0.68 pts | ₹792 Cr | up ₹30.4 Cr | Added |
| TVS Motor Company Limited | 5.99% | down 0.09 pts | ₹572 Cr | down ₹35.7 Cr | Trimmed |
| Tata Motors Limited | 5.74% | down 0.01 pts | ₹548 Cr | down ₹26.8 Cr | Trimmed |
| Honeywell Automation India Limited | 3.89% | up 0.15 pts | ₹372 Cr | down ₹2.2 Cr | Trimmed |
| Ambuja Cements Limited | 3.67% | up 0.20 pts | ₹350 Cr | up ₹3.5 Cr | Added |
| ABB India Limited | 3.46% | up 0.01 pts | ₹330 Cr | down ₹14.9 Cr | Trimmed |
| SBI Life Insurance Company Limited | 2.91% | up 0.07 pts | ₹277 Cr | down ₹6.4 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 2.77% | up 0.23 pts | ₹265 Cr | up ₹10.1 Cr | Added |
| Cash, TREPS & receivables | 2.56% | up 2.02 pts | ₹244 Cr | up ₹191 Cr | Added |
| Canara Bank | 2.42% | up 0.08 pts | ₹231 Cr | down ₹2.8 Cr | Trimmed |
| ICICI Bank Limited | 2.32% | down 1.62 pts | ₹222 Cr | down ₹173 Cr | Trimmed |
| Siemens Limited | 2.21% | down 0.04 pts | ₹211 Cr | down ₹14 Cr | Trimmed |
| Bharat Forge Limited | 2.15% | down 0.10 pts | ₹205 Cr | down ₹19.2 Cr | Trimmed |
| NTPC Limited | 2.12% | up 0.04 pts | ₹203 Cr | down ₹5.5 Cr | Trimmed |
| Wheels India Limited | 2.10% | up 0.18 pts | ₹200 Cr | up ₹8.9 Cr | Added |
| Axis Bank Limited | 2.02% | down 0.04 pts | ₹193 Cr | down ₹13.3 Cr | Trimmed |
| Federal-Mogul Goetze (India) Limited. | 1.97% | up 0.25 pts | ₹188 Cr | up ₹16.3 Cr | Added |
| GE Vernova T&D India Limited | 1.88% | up 0.03 pts | ₹179 Cr | down ₹5.8 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.81% | up 0.11 pts | ₹173 Cr | up ₹3.1 Cr | Added |
| Bharat Heavy Electricals Limited | 1.76% | down 0.20 pts | ₹168 Cr | down ₹27.8 Cr | Trimmed |
| Cochin Shipyard Limited | 1.75% | down 0.16 pts | ₹167 Cr | down ₹23.9 Cr | Trimmed |
| Sundaram Clayton Limited | 1.57% | up 0.02 pts | ₹150 Cr | down ₹5.3 Cr | Trimmed |
| Bank of Baroda | 1.54% | down 0.25 pts | ₹147 Cr | down ₹31.6 Cr | Trimmed |
| The Indian Hotels Company Limited | 1.49% | down 0.04 pts | ₹143 Cr | down ₹10.7 Cr | Trimmed |
| KSB Limited | 1.45% | up 0.01 pts | ₹139 Cr | down ₹6 Cr | Trimmed |
| Cummins India Limited | 1.44% | down 0.05 pts | ₹137 Cr | down ₹11.4 Cr | Trimmed |
| Linde India Limited | 1.28% | up 0.28 pts | ₹123 Cr | up ₹22.1 Cr | Added |
| Divi's Laboratories Limited | 1.18% | down 0.29 pts | ₹112 Cr | down ₹33.8 Cr | Trimmed |
| Thyrocare Technologies Limited | 1.09% | down 0.02 pts | ₹104 Cr | down ₹6.6 Cr | Trimmed |
| Birla Corporation Limited | 1.07% | up 0.02 pts | ₹102 Cr | down ₹2.4 Cr | Trimmed |
| Vedanta Limited | 1.00% | up 0.58 pts | ₹95.7 Cr | up ₹53.2 Cr | Added |
| Reliance Capital Ltd | 0.92% | down 0.03 pts | ₹88.2 Cr | down ₹6.8 Cr | Trimmed |
| ITD Cementation India Limited | 0.84% | down 0.15 pts | ₹79.9 Cr | down ₹18.9 Cr | Trimmed |
| Dr. Reddy's Laboratories Limited | 0.78% | up 0.13 pts | ₹74.4 Cr | up ₹9.9 Cr | Added |
| Schneider Electric Infrastructure Limited | 0.75% | down 0.07 pts | ₹71.7 Cr | down ₹10.9 Cr | Trimmed |
| Simplex Infrastructures Limited | 0.72% | down 0.11 pts | ₹68.7 Cr | down ₹14.4 Cr | Trimmed |
| Larsen & Toubro Limited | 0.69% | up 0.35 pts | ₹65.4 Cr | up ₹32.1 Cr | Added |
| Varun Beverages Limited | 0.68% | up 0.02 pts | ₹64.4 Cr | down ₹83 L | Trimmed |
| ITC Limited | 0.63% | up 0.51 pts | ₹59.9 Cr | up ₹47.7 Cr | Added |
| Mishra Dhatu Nigam Limited | 0.62% | down 0.03 pts | ₹59.4 Cr | down ₹6.3 Cr | Trimmed |
| Hindustan Petroleum Corporation Limited | 0.61% | up 0.05 pts | ₹58.3 Cr | up ₹2.2 Cr | Added |
| Reliance Infrastructure Limited | 0.61% | down 0.04 pts | ₹58.1 Cr | down ₹6.4 Cr | Trimmed |
| Steel Authority of India Limited | 0.55% | up 0.55 pts | ₹52.3 Cr | up ₹52.3 Cr | New |
| Shoppers Stop Limited | 0.54% | up <0.01 pts | ₹52 Cr | down ₹2.3 Cr | Trimmed |
| SIS Limited | 0.48% | down 0.04 pts | ₹45.7 Cr | down ₹6.6 Cr | Trimmed |
| Tata Steel Limited - Partly Paid Shares | 0.45% | up <0.01 pts | ₹42.5 Cr | down ₹1.6 Cr | Trimmed |
| Automotive Axles Limited | 0.44% | up 0.01 pts | ₹41.8 Cr | down ₹100 L | Trimmed |
| Kennametal India Limited | 0.38% | up 0.01 pts | ₹35.9 Cr | down ₹1 Cr | Trimmed |
| Infosys Limited | 0.37% | up 0.15 pts | ₹35.3 Cr | up ₹13.1 Cr | Added |
What changed, May 2018 to Jun 2018
New New positions (1)
- Steel Authority of India Limited0.5% · ₹52.3 Cr
Exited Exited (6)
- Punjab National Bankwas 1.4% · ₹136 Cr
- Cipla Limitedwas 0.5% · ₹47.2 Cr
- Max Financial Services Limitedwas 0.4% · ₹35.3 Cr
- Tejas Networks Limitedwas 0.2% · ₹22.6 Cr
- Ashoka Buildcon Limitedwas 0.2% · ₹17.6 Cr
- Indian Metals & Ferro Alloys Limitedwas <0.1% · ₹4.5 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 2018, the weight rose most in Ferrous Metals (+1.4 pts) and Diversified Metals (+0.6 pts), and fell most in Banks (−2.7 pts) and Pharmaceuticals & Biotechnology (−0.6 pts).
- Ferrous Metals8.1% → 9.5%+1.4 pts
- Diversified Metals0.4% → 1.0%+0.6 pts
- Auto Ancillaries5.7% → 6.3%+0.6 pts
- Diversified FMCG0.1% → 0.6%+0.5 pts
- Petroleum Products3.1% → 3.5%+0.3 pts
- Cement & Cement Products4.5% → 4.9%+0.3 pts
- Banks21.9% → 19.2%−2.7 pts
- Pharmaceuticals & Biotechnology2.6% → 2.0%−0.6 pts
- Retailing1.5% → 1.0%−0.5 pts
- Auto Components0.5% → 0.2%−0.2 pts
- Telecom - Equipment & Accessories0.2% → 0.0%exited−0.2 pts
- Insurance3.2% → 3.0%−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 2015 | Jun 2017 | Dec 2017 | Mar 2018 | May 2018 | Jun 2018 |
|---|---|---|---|---|---|---|
| Banks | 15.2% | 19.2% | 17.7% | 17.9% | 21.9% | 19.2% |
| Automobiles | 9.9% | 8.9% | 11.5% | 12.7% | 11.9% | 12.0% |
| Electrical Equipment | 16.5% | 5.7% | 7.6% | 11.0% | 10.4% | 10.3% |
| Ferrous Metals | 6.0% | 5.6% | 5.7% | 8.1% | 8.1% | 9.5% |
| Industrial Products | 7.3% | 5.1% | 8.0% | 8.1% | 6.9% | 7.0% |
| Auto Ancillaries | 6.7% | 5.9% | 5.7% | 5.8% | 5.7% | 6.3% |
| Industrial Manufacturing | 3.5% | 2.9% | 5.6% | 5.5% | 5.7% | 5.8% |
| Cement & Cement Products | 4.8% | 6.6% | 5.0% | 5.1% | 4.5% | 4.9% |
| Petroleum Products | — | 1.2% | — | — | 3.1% | 3.5% |
| Insurance | 0.3% | 0.6% | 3.3% | 3.2% | 3.2% | 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 2018
2.6%
▲ 2.0 pts vs May 2018
- Cash alone
- 2.5%
- cash and net receivables
- A year earlier
- 6.1%
- Jun 2017 · now ▼ 3.6 pts
- Last 12 months
- 0.2% – 3.8%
- 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.