Friday, August 15, 2014
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Indian Real Estate News
Reliance Tax Saver fund is an ideal offering which combines the key benefit of Equity Investments along with Tax Benefit (upto Rs 1.5 lakhs u/s Section 80 C). Please find hereunder the fund highlights which makes the fund an interesting investment proposition
- Portfolio best positioned to play the cyclical recovery
- The fund maintains a well diversified portfolio with 40 – 60% allocation to Large Caps (S&P BSE 100 Co's) and balance in Alpha creators (Mid & Small Caps)
- Currently 60% of the portfolio is invested in Mid& Small Cap space (highest in the ELSS category based of May portfolios)
- Top sectors: Industrial Capital Goods, Auto, Industrial Products and Construction
- Best Performing ELSS Fund over 1 & 3 years
Reliance Tax Saver is one of the best performing Diversified Funds in the industry and Top performing ELSS fund over the last 1 and 3 years. Please find hereunder the Fund Ranking in the ELSS Category as compared with ELSS funds having AUM of at least Rs 300 crs
| Fund | Rank |
| 1 year | 3 years | 5 years |
| Reliance Tax Saver Fund | 1/15 | 2/15 | 1/15 |
- Ideal alternative to Close Ended products
The fund is an ideal alternative to 3 year Close Ended products which has found a favor with a section of investors in the recent past. Some of the key advantages are:
- Established track record:
Reliance Tax Saver has a proven track record of almost a decade unlike new launches which have no performance history. The fund has generated since inception (Sep-2005) returns of 16% CAGR i.e. Rs 1 lakh invested in RTSF would be worth Rs 3.74 lakhs (July 31, 2014)
- Open ended advantage post 3 year lock –in:
Most of the recent Close Ended NFOs were launched with a defined maturity date and hence there will be compulsory redemption irrespective of the market conditions. We have witnessed in the past that Bull Runs last for longer periods and in such instances the Close ended nature of the fund may not be able to fully capture the rally. Reliance Tax Saver fund on the other hand will be similar to an Open Ended fund (post completion of 3 year lock in) and investor can maximize the long term market rally.
- Consistent Dividends for Regular Cash Flow:
- The fund has been declaring consistent dividends and providing dividend investors with regular cash flow. Thus fund attempts to overcome the low liquidity due to the 3 year lock in.
- Reliance Tax Saver has declared 7 dividends (Dividend Plan) over the last 18 months. Since Jan 2013 the fund has declared cumulative dividends of 25% (in the Dividend plan)
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
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