Reliance Tax
Saver Fund - ELSS FAQ's
What are ELSS Funds?
ELSS (Equity Linked
Savings Schemes) are equity oriented mutual funds offering tax benefits under
Section 80C.
ELSS products stand out
among all the other tax saving options, given its higher equity exposure and
hence the potential for superior Wealth Creation in addition to the taxation
benefits.
How much Tax can I save
by investing in ELSS funds?
ELSS (Equity Linked
Savings Schemes) are equity oriented mutual funds offering tax benefits under
Section 80C.
ELSS products stand out
among all the other tax saving options, given its higher equity exposure and
hence the potential for superior Wealth Creation in addition to the taxation
benefits.
You can save tax upto
Rs. 46,350 per year by investing in ELSS funds subject to the following:
Individual and HUF having
taxable income of less than Rs. 1 crore can invest upto Rs. 1.5 lakhs under the
ELSS scheme during the FY 2016-17 as per provision of Section 80C of the Income
Tax Act 1961 (Includes applicable cess).
Tax saving will be proportionately
reduced subject to the taxable income and investments.
Further, Investment in
ELSS schemes is subject to lock in period of 3 years from the date of allotment
of units. The tax benefits are as per the current income tax laws and rules.
Investors are advised to consult their tax advisor before investing in such
schemes.
How has Reliance Tax
Saver (ELSS) Fund performed?
Since its inception on
21 September 2005, Reliance Tax Saver (ELSS) Fund has given a CAGR return of
15% p.a. (as on 30 December 2016)
Rs. 1 lac invested at the
time of inception is worth Rs. 4.73 lac in the scheme compared to Rs. 3.21 lac
in the Benchmark..
What are the USPs of
Reliance Tax Saver (ELSS) Fund and why should I invest in the same?
Track record of over 11
years
Fund endeavours to
generate sustained long term alpha
Portfolio offers optimal
mix of cyclical & defensive themes.
Tax benefit as per
Section 80C
What is the current
investment philosophy of Reliance Tax Saver (ELSS) Fund?
Seeks to maintain
balance between large cap companies and mid cap companies
Endeavors to invest in
potential leaders
Invest in companies with
potential of high growth prospects over medium term (2-3 years)
Generally, the fund has
two or three sector calls at a time. They are mostly in-line of emerging market
trends
Small percentage of
portfolio is invested in contrarian calls
Significant percent of
outstanding equity of the scheme is invested in high conviction mid-cap
companies
Significant
allocation/exposure is taken in Multinational Companies (MNC's)
Attempt to have a
balanced portfolio on a macro basis, allocating to themes like Domestic,
Consumption & Defensive
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