Share Fund
To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.
Suitability
This product is suitable for investors who are seeking
• Long term investment
• Investment in equity shares to deliver benefits of investment, tax deduction under Section 80 C of IT Act, 1961 and probable income from scheme surplus
Scheme Class | Equity |
Scheme Category | ELSS (Tax Savings) |
Expense Ratio | 0.98% |
Min subscription | ₹ 500 |
Scheme Type | Open-ended |
Scheme AUM (in Crs.) | ₹ 20,085 |
AMC AUM (in Crs.) | ₹ 2,83,807 |
Min Addition Subscription | ₹ 500 |
Benchmark Type | S&P BSE 200 India TR INR |
Exit Load | Units locked in for 3 years, No exit load |
Fund | Min SIP Inv. | Min Inv. | Returns 3Y |
---|---|---|---|
Mirae Asset ELSS Tax Saver Fund - Direct Plan | 500 | 500 | 20.1% |
Axis ELSS Tax Saver Fund - Direct Plan | 500 | 500 | 13.34% |
ICICI Prudential Long Term Equity Fund ( Tax Saving) - Direct Plan | 500 | 500 | 19.8% |
HSBC ELSS Tax saver Fund - Direct Plan | 500 | 500 | 19.64% |
Aditya Birla Sun Life ELSS Tax Saver - Direct Plan | 500 | 500 | 12.03% |
Tata ELSS Tax Saver Fund - Direct Plan | 500 | 500 | 20.45% |
Axis ELSS Tax Saver Fund - Direct Plan | 500 | 500 | 13.34% |
Bandhan ELSS Tax saver Fund - Direct Plan | 500 | 500 | 24.08% |
Company | Holding Type | Asset(%) |
---|---|---|
Treps | Cash - Repurchase Agreement | 7 |
GE T&D India Ltd | Equity | 4 |
ICICI Bank Ltd | Equity | 4 |
Bharti Airtel Ltd | Equity | 3 |
Torrent Power Ltd | Equity | 3 |
Cummins India Ltd | Equity | 3 |
HDFC Bank Ltd | Equity | 3 |
Mahindra & Mahindra Ltd | Equity | 3 |
State Bank of India | Equity | 3 |
GAIL (India) Ltd | Equity | 3 |
Asset | Percent |
---|---|
Equity | 93 |
Cash - Repurchase Agreement | 7 |
Cash - Collateral | 0 |
Sector | Percent |
---|---|
Financial Services | 23 |
Industrials | 15 |
Consumer Cyclical | 10 |
Healthcare | 9 |
Energy | 8 |
Fund Manager
Dinesh Balachandran
7+ years of experience
About
partnerforlife@sbimf.com
Phone
18002093333
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai, Mumbai - 400 051