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Reliance Mutual Fund, an AMC which has provided a great number of gems to the mutual fund industry and one of them is Reliance Tax Saver (ELSS) Fund. This scheme, over the years, has provided investors with remarkable returns as well as optimal tax benefits. Today, to get a better understanding of what this scheme is, we are going to discuss some basic details of this fund and after that, we will see that what makes it such a great investment option.
Reliance Tax Saver (ELSS) Fund (G): Scheme’s Details
The scheme was launched with the objective to provide long-term capital appreciation by investing majorly in equity and its related instruments. It currently has 98.15% investment in equities and the rest in debt instruments, and the equity sectors which hold major investment finance (24.39%), automobile (17.89%), engineering (17.02%), metals (10.88%), and construction (10.05%). At present Reliance Tax Saver (ELSS) Fund NAV is Rs 57.75 (as on Aug 08, 2018), and the asset size as recorded on Jul 31, 2018, is worth Rs 10,083 crores. The scheme also falls under Sec 80C which allows investors to claim tax deductions on investment amount up to Rs 1.5 lakhs. The minimum amount required to start an investment in this scheme is Rs 500 and you can start a SIP at MySIPonline with the same minimum amount.
What Makes it Such a Great Scheme?
There are several reasons that make Reliance Tax Saver (ELSS) Fund a great investment option. Let's have a look at what they are!
Past Performance:
With the help of the above table, you can see that in the long term this scheme has given a great performance and has outperformed both benchmarks as well as the category on all the occasions. This tells us about the consistency that Reliance Tax Saver (ELSS) Fund has shown over the years.
Diversification:
From the above table, you can see that Reliance Tax Saver (ELSS) Fund growth plan has made high investments in mid-caps and small-caps, which is totally different from the benchmark and category. This show the aggressive style of investing which the fund manager follows, and is the reason, why this scheme is giving better returns than its peers.
Great Asset Size: Reliance Tax Saver (ELSS) Fund has a whopping asset size of Rs 10,083, which is not too big and not too small. This allows the fund manager to diversify the investments across various sectors and create a more focused portfolio.
Low Investment Amount: As we discussed above, the minimum investment amount and minimum SIP amount for Reliance Tax Saver (ELSS) Fund is just Rs 500. This allows investors with various financial conditions to easily make an investment, without affecting their budget.
Now, that you know why Reliance Tax Saver Fund is such a great scheme, you must be thinking of investing in it, but may be confused as to where you can. Well, don't worry as at MySIPonline, you can make hassle-free investments in any mutual fund scheme, and that too without paying a transaction charge or account opening fees.