Reliance Tax Saver Fund

The ELSS fund was launched in 1995 with the primary investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments.

There are three types of Reliance Tax Saver Mutual Funds offered.

Growth Option - A growth option is where no dividend is paid to any of the investors. The gains and proceeds are reinvested back to the scheme in order to increase the Net Asset Value (NAV) over time. The purpose of reinvestment results in capital appreciation.

Direct Plan - A direct open ended fund, they come with a lower expense ratio but a higher NAV. The lower expense ratio is designed to provide a greater degree of capital appreciation in the long-term, (The fund provides higher returns over long-term investments).

Dividend Option - A dividend option is where an investor is entitled to dividends if the fund declares the same in the near future, this is offered in both direct and regular plans. The dividend amount is based on the number of units the investor holds and may feature either a payout option or a reinvest option. In the case of dividend payout, the dividend is automatically transferred to the investor’s bank account, while in the case of the dividend reinvest, the dividend earned is automatically converted to units of equal value and added to existing number of units of the fund.

The primary objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related instruments. The capital is expected to be generated through investments made in various equity investments as well as equity-related schemes, which feature a high potential for long-term growth along with a relatively high level of risk.

Investment Strategy Overview of Reliance Tax Saver Fund

The investment strategy of Reliance Tax Saver ELSS Fund is:

• Reliance Tax Saver ELSS Fund is a balance between large cap and mid cap investments for the scheme.
• The fund primarily seeks investment in potential leaders such as young companies featuring high growth prospects in the short to medium term (2 to 3 years).
• A major portion of the equity investments available in the Reliance Tax Saver Scheme would be made in mid-cap companies that are expected to witness high growth in the near feature.
• A key portion of the equity exposure in case of the Reliance Tax Saver (ELSS) Fund would include shares of key Multinational Companies listed on Indian stock markets.
• The fund has a balanced portfolio in case of the overall macro considerations including balanced exposure to key themes such as defensive, consumptive and domestic.

1. Resident adults living in India, either singly or jointly (maximum of three).
2. Parents or legal guardians (on behalf of minors).
3. A Hindu Undivided Family (HUF) through its Karta.
4. Societies registered under Societies Registration Act, 1860.
5. Companies and corporate bodies.
6. Public sector undertakings.
7. Banks, financial institutions, and investment institutions.
8. Partnership firms.
9. Other mutual funds registered with SEBI.
10. Foreign institutional investors (FIIs) registered with SEBI.
11. Foreign portfolio investors.
12. Non-resident Indians and persons of Indian origin.
13. Charitable and religious trusts.
14. Eligible institutions of army, navy, air force, and other paramilitary organisations.
15. Industrial research and scientific organisations.
16. Insurance companies and corporations registered with the IRDA
17. Overseas financial organisations that have invested in India.
18. Retirement and employee benefit funds such as provident fund, pension, gratuity, etc.
19. Qualified Foreign Investors.