TATA India Tax Savings Fund * Return since Launch: 19.03% Invest Now

TATA India Tax Savings Fund Overview

Tata India Tax Savings Fund is an open-ended equity ELSS fund. The launch date of this fund is 31st March 1996. Tata India Tax Savings Fund is managed by Mr. Rupesh Patel and Ms. Ennette Fernandes. You can invest in ELSS Mutual Fund to save your tax under section 80C and also you will get high returns as this fund invests in equity. The minimum investment for Tata India Tax Savings Fund is Rs. 500 which is very low. You can invest in both Tata India Tax Savings Fund Growth and Tata India Tax Savings Fund Dividend but it is advisable to invest in Tata India Tax Savings Fund growth for better return. The expense ratio for Tata India Tax Savings Fund regular is 2.10% (as per 28th Feb 2019). The AUM of Tata India Tax Savings Fund is Rs. 1770cr (as on 31st Mar 2019). You also can invest in mutual fund online. Tata India Tax Savings Fund has 97.81% investment in Indian stocks of which 78.55% is in large cap stocks, 11.91% is in mid cap stocks and 7.36% is in small cap stocks and 0.76% in debt securities. Investors who are looking for tax saving and investing for same time Tata India Tax Savings Fund is best for them. It comes with three years of lock in periods. And Investor also can face moderate losses.

Eligibility criteria of Tata India Tax Savings Fund

  • Adult citizens residing in India.
  • Minor through legal guardians/parents.
  • Limited liability partnership.
  • Religious and charitable trusts.
  • Banking and financial institutions
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • The Karta of Hindu Undivided Family (HUF)
  • Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
  • Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
  • Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.

Documents required for Tata India Tax Savings Fund

KYC Documents:

  • PAN Card
  • Adhaar Card
  • Voter’s ID
  • Passport Size Photo
  • Download the KYC form
  • The investors will be issued an acknowledgement receipt which he/she needs to submit while applying for subscribing for a mutual fund scheme.

Advantages of Tata India Tax Savings Fund

  • Small investment option.
  • Well organized investment.
  • Quick purchase and sell option.
  • You can track your investment.
  • You can invest in either SIP or lump sum way.
  • Tata India Tax Savings Fund is managed by experienced professionals.
  • Tata India Tax Savings Fund gives tax benefit under section 80C the maximum amount is Rs. 1.5lakh.
  • All Mutual Fund Companies are regulated by SEBI so no one will fly away with your hard earned money.
*Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not an indicator of future returns.