NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹39.15
-0.08%
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
34.71%p.a.
Last 1Y
19.33%p.a.
Last 3Y
16.60%p.a.
Last 5Y
14.97%p.a.
Since Inception
About Tata ELSS Tax Saver Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Tata ELSS Tax Saver Fund Growth scheme from Tata Asset Management Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Oct 2014, Tata ELSS Tax Saver Fund Growth is ELSS (Tax Savings) fund of its category with 4,028.26 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Tata ELSS Tax Saver Fund Growth delivered 34.7% annual returns during the last year. It has delivered 15.0% average annual returns since the fund was launched.
- Tata ELSS Tax Saver Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
To provide medium to long term capital gains along with income tax relief to its Unitholders, while at all times emphasising the importance of capital appreciation. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.
Top 10 Holdings
HDFC Bank Ltd
7.76%
ICICI Bank Ltd
6.31%
Reliance Industries Ltd
4.98%
State Bank of India
4.67%
Infosys Ltd
4.31%
Axis Bank Ltd
3.38%
Larsen & Toubro Ltd
3.29%
NTPC Ltd
2.88%
Bharti Airtel Ltd
2.87%
Radico Khaitan Ltd
2.32%
Fund Managers
- Sailesh Jain (Dec 2021 - Present)
- Tejas Gutka (Mar 2021 - Present)
Key Information
View Scheme Document
Tata ELSS Tax Saver Fund Growth SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Tata ELSS Tax Saver Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Tata ELSS Tax Saver Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Tata ELSS Tax Saver Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
Similar Funds
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3Y Return
Axis ELSS Tax Saver Fund Growth
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12.0%
SBI Long Term Equity Fund Growth
very high risk | elss
28.7%
Mirae Asset ELSS Tax Saver Fund - Plan-Growth
very high risk | elss
18.6%
Frequently Asked Questions
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