elss_schemes—————-vigi[1]

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An ELSS scheme is like any other diversified equity fund with an exception
of tax-benefit under Section 80C of the Income Tax Act. The funds
invested have a lock in period of three years. Investments into the equitylinked savings schemes offer dual benefit to an investor.
First, the investments are made for a longer period; therefore, the Fund
Manager has an opportunity of taking a long term view on the
investments. There is stability in terms of entry and exit of funds, owing
to its tax saving feature. Therefore, these schemes help in the growth of
investor’s wealth over the years. The Fund Manager while managing an
ELSS portfolio faces lesser risk of reducing corpus due to uneventful
redemptions which gives him opportunity to invest into companies where
he believes there is potential for value to be unlocked in the medium to
longer term. The Inventors may wish to invest more than the tax saving
limit of Rs 1 lakh under section 80C anticipating better returns compared
to other schemes of similar asset allocation.
Second, the investor gets the benefit of tax exemption for the amount
invested into the ELSS schemes since investments up to Rs 1, 00,000 are
eligible for deduction from the gross total income under the Income tax
Act, Section 80 C.
For example, an individual who has earned an income of Rs 5 Lakhs
invests Rs 1 Lakh in an ELSS fund, such as Birla Sun life Tax Relief 96. The
taxable income in this case would come down by Rs 1 Lakh (5-1) which
means that for a taxable income of Rs 1 Lakh, there is zero tax. If the
individual does not invest in to the ELSS Fund, his taxable income in this
case would be Rs 5 Lakhs and as per the tax slab for men as an instance
would be Rs 3,40000 ie., Rs (5 Lakhs – 1,60000). Therefore tax payable
would be upto (Rs 3, 00000@10%) + (Rs 40000@20%) which would
amount to Rs 38000. For a taxable income of Rs 4 lakhs, there is a tax of
Rs 24,000/-.Therefore, in this scenario, you save Rs 14,000/- in taxes by
investing in an ELSS scheme.
ICICI Prudential Taxplan – Growth
The scheme seeks to generate long term capital appreciation from a portfolio that is
Invested predominantly in equity and equity related securities
Type of Scheme
Open Ended
Nature
Equity
Option
Growth
Inception Date
Aug 19, 1999
Face Value (Rs/Unit)
10
Fund Size in Rs. Cr.
1179.34 as on Jun 30, 2010
SIP
YES
STP
NO
SWP
NO
Expense ratio(%)
2.01
Portfolio Turnover Ratio(%)
200
Increase/Decrease in Fund Size
since May 31, 2010 (Rs. in crores)
19.87
Minimum Investment (Rs)
500
Purchase Redemptions
Daily
NAV Calculation
Daily
Entry Load
Amount greater than 0 then and Amount
greater than 0 then Entry Load is 0%.
Exit Load
Exit Load is 0%.
L&T Tax Advantage Fund - Series I –
Growth
The investment objective of the Scheme is to seek to generate long-term capital
growth from a diversified portfolio of predominantly equity and equity-related
securities and also enabling investors to get income tax rebate as per the prevailing
Tax Laws and subject to applicable conditions.
Type of Scheme
Close Ended
Nature
Equity
Option
Growth
Inception Date
Mar 27, 2009
Face Value (Rs/Unit)
10
Fund Size in Rs. Cr.
3.51 as on Jun 30, 2010
SIP
NO
STP
NO
SWP
NO
Expense ratio(%)
2.50
Portfolio Turnover Ratio(%)
16
Increase/Decrease in Fund Size since May
31, 2010 (Rs. in crores)
0.17
Minimum Investment (Rs)
500
Purchase Redemptions
Daily
NAV Calculation
Daily
Entry Load
Amount greater than 0 then Entry Load is 0%.
Exit Load
Exit Load is 0%.
Reliance Equity Linked Saving Fund Series I – Growth
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 along with income tax benefit.
Type of Scheme
Close Ended
Nature
Equity
Option
Growth
Inception Date
Mar 31, 2008
Face Value (Rs/Unit)
10
Fund Size in Rs. Cr.
180.78 as on Jun 30, 2010
SIP
NO
STP
NO
SWP
NO
Expense ratio(%)
2.36
Portfolio Turnover Ratio(%)
66
Increase/Decrease in Fund Size since May
14.23
31, 2010 (Rs. in crores)
Last Divdend Declared
NA
Minimum Investment (Rs)
500
Purchase Redemptions
Daily
NAV Calculation
Daily
Entry Load
Entry Load is 0%.
Exit Load
Exit Load is 0%
HDFC Taxsaver – Growth
The fund plans to provide tax benefits along with capital
appreciation
Type of Scheme
Open Ended
Nature
Equity
Option
Growth
Inception Date
Jun 13, 1996
Face Value (Rs/Unit)
10
Fund Size in Rs. Cr.
2587.65 as on Jun 30, 2010
SIP
YES
STP
NO
SWP
NO
Expense ratio(%)
1.89
Portfolio Turnover Ratio(%)
26.18
Last Divdend Declared
210 % as on Apr 4, 2000
Minimum Investment (Rs)
500
Purchase Redemptions
Daily
NAV Calculation
Daily
Entry Load
Amount greater than 0 then Entry Load is
0%.
Exit Load
Exit Load is 0%.
COMPARISION
NAME OF THE
FUND
L&T Tax Advantage
Fund - Series I Growth
NAV
RISK
RETURN
MARKET
CAP (Cr.)
21.32
79.58
30,585.82 as Yes Bank
on Jun 2010
ICICI Prudential Tax
plan - Growth
135.31 26.99
Reliance Equity
Linked Saving Fund
- Series I - Growth
HDFC Tax saver Growth
14.50
17.67
222.02 25.83
TOP
HOLDING
LARGEST
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Gas and
petrochemic
al products
73,906.42 as Sterlite
on Jun Industries
2010
(India) Ltd
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on Jun 2010
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THANK YOU!!!!
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