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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
₹9,614 Cr
down ₹185 Cr vs Jan 2019
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In February 2019 it disclosed 52 stocks worth ₹9,614 Cr, down ₹185 Cr from Jan 2019. Its largest positions were State Bank of India (7.3%), Tata Steel Limited (6.2%), Infosys Limited (5.7%); the ten largest together made up 49.5% of the portfolio, and Banks was the biggest sector at 21.0% of its equity. Cash and debt stood at 0.1%. Compared with Jan 2019 the fund entered 3 new stocks and exited 6.
Against 47 other ELSS (tax saving) funds
Concentration
85%
Top-10 weight is higher than 85% of peers
Breadth
43%
Holds more stocks than 43% of peers
Cash
2%
Holds more cash than 2% of peers
What these mean: concentration · cash
Holdings in February 2019
Download CSVEvery line the fund disclosed, with the change against Jan 2019. 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 | 7.30% | down 0.52 pts | ₹702 Cr | down ₹64.2 Cr | Trimmed |
| Tata Steel Limited | 6.18% | up 0.27 pts | ₹595 Cr | up ₹15.3 Cr | Added |
| Infosys Limited | 5.71% | down 0.01 pts | ₹549 Cr | down ₹11.4 Cr | Trimmed |
| Tata Motors Limited | 4.98% | down 0.01 pts | ₹479 Cr | down ₹10.1 Cr | Trimmed |
| Reliance Industries Limited | 4.61% | up 0.10 pts | ₹443 Cr | up ₹1.4 Cr | Held |
| ITC Limited | 4.60% | down 0.13 pts | ₹442 Cr | down ₹21.7 Cr | Trimmed |
| Honeywell Automation India Limited | 4.55% | up 0.13 pts | ₹438 Cr | up ₹4.3 Cr | Added |
| ABB India Limited | 4.25% | down 0.01 pts | ₹409 Cr | down ₹9.3 Cr | Trimmed |
| TVS Motor Company Limited | 4.03% | down 1.07 pts | ₹387 Cr | down ₹112 Cr | Trimmed |
| ICICI Bank Limited | 3.28% | up 1.27 pts | ₹315 Cr | up ₹118 Cr | Added |
| Larsen & Toubro Limited | 3.04% | down 0.20 pts | ₹292 Cr | down ₹24.9 Cr | Trimmed |
| Siemens Limited | 2.86% | up 0.09 pts | ₹275 Cr | up ₹3.3 Cr | Added |
| Bank of Baroda | 2.74% | down 0.25 pts | ₹264 Cr | down ₹29.9 Cr | Trimmed |
| HDFC Bank Limited | 2.53% | up 0.71 pts | ₹243 Cr | up ₹65.2 Cr | Added |
| Axis Bank Limited | 2.49% | down 0.10 pts | ₹239 Cr | down ₹14.2 Cr | Trimmed |
| Canara Bank | 2.47% | down 0.13 pts | ₹237 Cr | down ₹16.9 Cr | Trimmed |
| Hindustan Petroleum Corporation Limited | 2.43% | down 0.06 pts | ₹233 Cr | down ₹10.6 Cr | Trimmed |
| Bharat Petroleum Corporation Limited | 2.37% | down 0.17 pts | ₹228 Cr | down ₹20.9 Cr | Trimmed |
| Federal-Mogul Goetze (India) Limited. | 2.27% | down 0.08 pts | ₹219 Cr | down ₹11.7 Cr | Trimmed |
| Ashok Leyland Limited | 2.09% | up 0.16 pts | ₹201 Cr | up ₹12.1 Cr | Added |
| GE Vernova T&D India Limited | 1.99% | up 0.01 pts | ₹191 Cr | down ₹3 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.66% | up 0.05 pts | ₹160 Cr | up ₹1.7 Cr | Added |
| The Indian Hotels Company Limited | 1.56% | down 0.01 pts | ₹150 Cr | down ₹3.6 Cr | Trimmed |
| Linde India Limited | 1.54% | up 0.08 pts | ₹148 Cr | up ₹5.3 Cr | Added |
| Cochin Shipyard Limited | 1.50% | down 0.04 pts | ₹145 Cr | down ₹6.2 Cr | Trimmed |
| Wheels India Limited | 1.45% | down 0.03 pts | ₹139 Cr | down ₹5.7 Cr | Trimmed |
| Bharat Forge Limited | 1.43% | up 0.17 pts | ₹138 Cr | up ₹14.2 Cr | Added |
| KSB Limited | 1.22% | down 0.09 pts | ₹117 Cr | down ₹11.2 Cr | Trimmed |
| Automotive Axles Limited | 1.13% | up 0.16 pts | ₹109 Cr | up ₹13.9 Cr | Added |
| Steel Authority of India Limited | 1.08% | up 0.39 pts | ₹104 Cr | up ₹36.5 Cr | Added |
| Schneider Electric Infrastructure Limited | 1.04% | up 0.09 pts | ₹100 Cr | up ₹6.5 Cr | Added |
| NTPC Limited | 1.02% | up 1.02 pts | ₹97.9 Cr | up ₹97.9 Cr | New |
| Sundaram Clayton Limited | 0.95% | down 0.04 pts | ₹91.2 Cr | down ₹5.6 Cr | Trimmed |
| Bharat Heavy Electricals Limited | 0.72% | up 0.01 pts | ₹69.6 Cr | down ₹27 L | Held |
| ITD Cementation India Limited | 0.71% | down 0.06 pts | ₹68.6 Cr | down ₹7 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 0.71% | up 0.71 pts | ₹68.1 Cr | up ₹68.1 Cr | New |
| Birla Corporation Limited | 0.67% | down 0.02 pts | ₹64.5 Cr | down ₹3 Cr | Trimmed |
| Mishra Dhatu Nigam Limited | 0.66% | down 0.07 pts | ₹63.5 Cr | down ₹8 Cr | Trimmed |
| Vedanta Limited | 0.63% | down 0.09 pts | ₹61 Cr | down ₹10.1 Cr | Trimmed |
| REC Limited | 0.57% | down 0.12 pts | ₹54.7 Cr | down ₹12.6 Cr | Trimmed |
| Kennametal India Limited | 0.52% | up 0.01 pts | ₹49.8 Cr | up ₹4 L | Held |
| Reliance Capital Ltd | 0.47% | down 0.05 pts | ₹44.9 Cr | down ₹5.5 Cr | Trimmed |
| Indian Oil Corporation Limited | 0.41% | up 0.41 pts | ₹39 Cr | up ₹39 Cr | New |
| Ambuja Cements Limited | 0.30% | up 0.01 pts | ₹28.6 Cr | up ₹29 L | Added |
| EIH Limited | 0.30% | down 0.02 pts | ₹28.4 Cr | down ₹2.5 Cr | Trimmed |
| Simplex Infrastructures Limited | 0.26% | up 0.01 pts | ₹24.8 Cr | up ₹59 L | Added |
| Orient Cement Limited | 0.16% | down <0.01 pts | ₹15.5 Cr | down ₹76 L | Trimmed |
| Oriental Bank of Commerce | 0.14% | down 0.02 pts | ₹13.4 Cr | down ₹2.1 Cr | Trimmed |
| Tata Steel Limited - Partly Paid Shares | 0.14% | up 0.03 pts | ₹13.2 Cr | up ₹2.6 Cr | Added |
| Cash, TREPS & receivables | 0.12% | down 0.38 pts | ₹12 Cr | down ₹37.4 Cr | Trimmed |
What changed, Jan 2019 to Feb 2019
New New positions (3)
- NTPC Limited1.0% · ₹97.9 Cr
- Sun Pharmaceutical Industries Limited0.7% · ₹68.1 Cr
- Indian Oil Corporation Limited0.4% · ₹39 Cr
Exited Exited (6)
- Cummins India Limitedwas 0.8% · ₹78 Cr
- Power Finance Corporation Limitedwas 0.5% · ₹45.1 Cr
- CG Power and Industrial Solutions Limitedwas 0.3% · ₹33.8 Cr
- RITES Limitedwas 0.3% · ₹30.7 Cr
- ACC Limitedwas 0.2% · ₹16.7 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 Jan 2019, the weight rose most in Power (+1.0 pts) and Banks (+0.9 pts), and fell most in Automobiles (−1.1 pts) and Industrial Products (−0.7 pts).
- Power0.0% → 1.0%new+1.0 pts
- Banks20.1% → 21.0%+0.9 pts
- Pharmaceuticals & Biotechnology0.0% → 0.7%new+0.7 pts
- Ferrous Metals6.8% → 7.5%+0.7 pts
- Petroleum Products9.6% → 9.8%+0.2 pts
- Agricultural, Commercial & Construction Vehicles1.9% → 2.1%+0.2 pts
- Automobiles10.1% → 9.0%−1.1 pts
- Industrial Products5.0% → 4.3%−0.7 pts
- Finance1.7% → 1.1%−0.6 pts
- Construction4.6% → 4.0%−0.6 pts
- Cement & Cement Products1.2% → 1.0%−0.2 pts
- Electrical Equipment11.1% → 10.9%−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 | Feb 2016 | Feb 2018 | Aug 2018 | Nov 2018 | Jan 2019 | Feb 2019 |
|---|---|---|---|---|---|---|
| Banks | 16.2% | 16.7% | 20.0% | 21.4% | 20.1% | 21.0% |
| Electrical Equipment | 8.2% | 11.3% | 10.0% | 10.1% | 11.1% | 10.9% |
| Petroleum Products | 0.6% | — | 4.5% | 7.9% | 9.6% | 9.8% |
| Automobiles | 10.1% | 13.2% | 10.8% | 10.5% | 10.1% | 9.0% |
| Ferrous Metals | 5.4% | 7.9% | 9.9% | 7.4% | 6.8% | 7.5% |
| Industrial Manufacturing | 4.3% | 5.5% | 6.1% | 6.2% | 6.0% | 6.1% |
| Auto Ancillaries | 6.5% | 5.8% | 5.6% | 6.1% | 5.9% | 5.8% |
| IT - Software | 3.0% | — | 0.4% | 3.7% | 5.7% | 5.7% |
| Diversified FMCG | 4.9% | — | 3.5% | 4.2% | 4.8% | 4.6% |
| Industrial Products | 6.7% | 8.3% | 6.6% | 6.1% | 5.0% | 4.3% |
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, Feb 2019
0.1%
▼ 0.4 pts vs Jan 2019
- Cash alone
- 0.1%
- cash and net receivables
- A year earlier
- 2.3%
- Feb 2018 · now ▼ 2.2 pts
- Last 12 months
- 0.1% – 2.6%
- 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.