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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
₹9,659 Cr
₹1,102 Cr vs Jun 2019
Reliance Tax Saver is an active equity fund in the ELSS (tax saving) category from Nippon India Mutual Fund. In July 2019 it disclosed 49 stocks worth ₹9,659 Cr, down ₹1,102 Cr from Jun 2019. Its largest positions were State Bank of India (6.5%), Tata Steel Limited (6.4%), Infosys Limited (6.4%); the ten largest together made up 49.7% of the portfolio, and Banks was the biggest sector at 17.1% of its equity. Cash and debt stood at 0.5%. Compared with Jun 2019 the fund entered 1 new stock and exited 4.
Against 47 other ELSS (tax saving) funds
Concentration
85%
Top-10 weight is higher than 85% of peers
Breadth
38%
Holds more stocks than 38% of peers
Cash
4%
Holds more cash than 4% of peers
What these mean: concentration · cash
Holdings in July 2019
Download CSVEvery line the fund disclosed, with the change against Jun 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 | 6.50% | down 0.99 pts | ₹628 Cr | down ₹178 Cr | Trimmed |
| Tata Steel Limited | 6.36% | down 0.30 pts | ₹614 Cr | down ₹103 Cr | Trimmed |
| Infosys Limited | 6.36% | up 1.09 pts | ₹614 Cr | up ₹47.7 Cr | Added |
| Larsen & Toubro Limited | 5.34% | up 2.22 pts | ₹516 Cr | up ₹180 Cr | Added |
| Honeywell Automation India Limited | 4.86% | up 0.16 pts | ₹469 Cr | down ₹35.9 Cr | Trimmed |
| ABB India Limited | 4.70% | down 0.26 pts | ₹454 Cr | down ₹79.7 Cr | Trimmed |
| ICICI Bank Limited | 4.19% | down 0.56 pts | ₹405 Cr | down ₹106 Cr | Trimmed |
| Tata Motors Limited | 4.17% | up 0.09 pts | ₹403 Cr | down ₹36.2 Cr | Trimmed |
| TVS Motor Company Limited | 3.74% | down 0.11 pts | ₹362 Cr | down ₹53.3 Cr | Trimmed |
| ITC Limited | 3.52% | up 0.82 pts | ₹340 Cr | up ₹49.6 Cr | Added |
| Bank of Baroda | 3.28% | down 0.08 pts | ₹317 Cr | down ₹44.3 Cr | Trimmed |
| Siemens Limited | 3.22% | down 0.18 pts | ₹311 Cr | down ₹55.1 Cr | Trimmed |
| Ashok Leyland Limited | 2.93% | down 0.35 pts | ₹283 Cr | down ₹70.5 Cr | Trimmed |
| Hero MotoCorp Limited | 2.85% | up 0.91 pts | ₹276 Cr | up ₹66.6 Cr | Added |
| Canara Bank | 2.60% | down 0.18 pts | ₹251 Cr | down ₹48.4 Cr | Trimmed |
| NTPC Limited | 2.59% | up 0.56 pts | ₹251 Cr | up ₹31.8 Cr | Added |
| Federal-Mogul Goetze (India) Limited. | 2.44% | up 0.19 pts | ₹236 Cr | down ₹7 Cr | Trimmed |
| Sun Pharmaceutical Industries Limited | 2.39% | up 1.65 pts | ₹230 Cr | up ₹151 Cr | Added |
| Bharat Petroleum Corporation Limited | 2.16% | down 0.04 pts | ₹208 Cr | down ₹28.3 Cr | Trimmed |
| Steel Authority of India Limited | 2.11% | down 0.01 pts | ₹204 Cr | down ₹24.5 Cr | Trimmed |
| Coal India Limited | 2.08% | up 0.19 pts | ₹201 Cr | down ₹2.7 Cr | Trimmed |
| Hindustan Petroleum Corporation Limited | 1.74% | up 0.04 pts | ₹168 Cr | down ₹15.1 Cr | Trimmed |
| Cochin Shipyard Limited | 1.63% | up 0.08 pts | ₹157 Cr | down ₹9.3 Cr | Trimmed |
| Bharat Heavy Electricals Limited | 1.59% | down 0.18 pts | ₹154 Cr | down ₹37.2 Cr | Trimmed |
| Linde India Limited | 1.52% | up 0.07 pts | ₹146 Cr | down ₹9.6 Cr | Trimmed |
| Wheels India Limited | 1.26% | down 0.14 pts | ₹122 Cr | down ₹28.7 Cr | Trimmed |
| Bharat Forge Limited | 1.17% | up 0.05 pts | ₹113 Cr | down ₹7.2 Cr | Trimmed |
| Vesuvius India Limited Vesuvius India Ltd · history in this fund | 1.10% | down <0.01 pts | ₹107 Cr | down ₹12.3 Cr | Trimmed |
| GE Vernova T&D India Limited | 1.07% | down 0.40 pts | ₹103 Cr | down ₹54.7 Cr | Trimmed |
| KSB Limited | 0.94% | down 0.06 pts | ₹90.5 Cr | down ₹17.3 Cr | Trimmed |
| Schneider Electric Infrastructure Limited | 0.90% | down 0.09 pts | ₹86.7 Cr | down ₹19.8 Cr | Trimmed |
| The Indian Hotels Company Limited | 0.85% | down 0.73 pts | ₹82.1 Cr | down ₹88 Cr | Trimmed |
| Birla Corporation Limited | 0.84% | up 0.07 pts | ₹80.8 Cr | down ₹1.5 Cr | Trimmed |
| Automotive Axles Limited | 0.81% | down 0.13 pts | ₹78.2 Cr | down ₹23 Cr | Trimmed |
| REC Limited | 0.78% | down 0.04 pts | ₹75.7 Cr | down ₹13.3 Cr | Trimmed |
| Mishra Dhatu Nigam Limited | 0.73% | up 0.02 pts | ₹70.3 Cr | down ₹5.4 Cr | Trimmed |
| Sundaram Clayton Limited | 0.71% | up 0.02 pts | ₹68.2 Cr | down ₹6 Cr | Trimmed |
| Reliance Industries Limited | 0.58% | up 0.05 pts | ₹55.6 Cr | down ₹76 L | Trimmed |
| ITD Cementation India Limited | 0.52% | down 0.12 pts | ₹50.5 Cr | down ₹18.7 Cr | Trimmed |
| Kennametal India Limited | 0.48% | down 0.02 pts | ₹46.7 Cr | down ₹7.1 Cr | Trimmed |
| Housing Development Finance Corporation Limited | 0.40% | up 0.40 pts | ₹38.2 Cr | up ₹38.2 Cr | New |
| Axis Bank Limited | 0.31% | up 0.04 pts | ₹30.3 Cr | up ₹1.2 Cr | Added |
| Time Technoplast Limited | 0.29% | down 0.07 pts | ₹28.3 Cr | down ₹10.2 Cr | Trimmed |
| Bank of Baroda Money market | 0.26% | up 0.26 pts | ₹25 Cr | up ₹25 Cr | New |
| Orient Cement Limited | 0.22% | up 0.01 pts | ₹21.3 Cr | down ₹1.4 Cr | Trimmed |
| Cash, TREPS & receivables | 0.21% | down 0.13 pts | ₹20.1 Cr | down ₹16.6 Cr | Trimmed |
| Mahindra & Mahindra Financial Services Limited | 0.17% | down 0.03 pts | ₹16.8 Cr | down ₹4.6 Cr | Trimmed |
| Tata Steel Long Products Limited | 0.16% | up 0.11 pts | ₹15.7 Cr | up ₹9.7 Cr | Added |
| Tata Steel Limited - Partly Paid Shares | 0.14% | down 0.05 pts | ₹13.2 Cr | down ₹6.4 Cr | Trimmed |
| Simplex Infrastructures Limited | 0.12% | down 0.05 pts | ₹11.9 Cr | down ₹6.5 Cr | Trimmed |
What changed, Jun 2019 to Jul 2019
New New positions (1)
- Housing Development Finance Corporation Limited0.4% · ₹38.2 Cr
Exited Exited (4)
- HDFC Bank Limitedwas 3.4% · ₹369 Cr
- Samvardhana Motherson International Limitedwas 0.3% · ₹32.9 Cr
- Tata Sponge Iron Limited - Rights Formwas <0.1% · ₹1.2 Cr
- Precision Camshafts Limitedwas <0.1% · ₹77 L
Added Biggest additions
- Larsen & Toubro Limitedup ₹180 Cr (+2.22% 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 Jun 2019, the weight rose most in Construction (+2.1 pts) and Pharmaceuticals & Biotechnology (+1.7 pts), and fell most in Banks (−5.2 pts) and Electrical Equipment (−1.1 pts).
- Construction3.9% → 6.0%+2.1 pts
- Pharmaceuticals & Biotechnology0.7% → 2.4%+1.7 pts
- IT - Software5.3% → 6.4%+1.1 pts
- Automobiles9.9% → 10.8%+0.9 pts
- Diversified FMCG2.7% → 3.5%+0.8 pts
- Power2.0% → 2.6%+0.6 pts
- Banks22.3% → 17.1%−5.2 pts
- Electrical Equipment12.6% → 11.5%−1.1 pts
- Leisure Services1.6% → 0.9%−0.7 pts
- Agricultural, Commercial & Construction Vehicles3.3% → 2.9%−0.4 pts
- Auto Components0.3% → 0.0%exited−0.3 pts
- Ferrous Metals9.1% → 8.8%−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 | Jul 2016 | Jul 2018 | Jan 2019 | Apr 2019 | Jun 2019 | Jul 2019 |
|---|---|---|---|---|---|---|
| Banks | 19.7% | 20.9% | 20.1% | 21.0% | 22.3% | 17.1% |
| Electrical Equipment | 8.5% | 10.1% | 11.1% | 12.0% | 12.6% | 11.5% |
| Automobiles | 7.7% | 10.0% | 10.1% | 9.0% | 9.9% | 10.8% |
| Ferrous Metals | 6.5% | 9.5% | 6.8% | 8.2% | 9.1% | 8.8% |
| Industrial Manufacturing | 3.6% | 6.0% | 6.0% | 6.0% | 6.3% | 6.5% |
| IT - Software | 1.8% | 0.4% | 5.7% | 4.4% | 5.3% | 6.4% |
| Construction | 6.2% | 3.2% | 4.6% | 4.0% | 3.9% | 6.0% |
| Auto Ancillaries | 5.7% | 6.1% | 5.9% | 5.6% | 5.3% | 5.2% |
| Petroleum Products | 0.6% | 4.6% | 9.6% | 8.7% | 4.4% | 4.5% |
| Diversified FMCG | 2.9% | 2.5% | 4.8% | 4.5% | 2.7% | 3.5% |
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, Jul 2019
0.5%
▲ 0.1 pts vs Jun 2019
- Cash alone
- 0.2%
- cash and net receivables
- A year earlier
- 1.9%
- Jul 2018 · now ▼ 1.4 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.