Tata Mutual Fund
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Tata India Tax Savings Fund


The Tata India Tax Savings Fund is an open ended equity linked tax saving scheme (ELSS) with a compulsory lock-in period of three years. It has the dual advantage of Tax Benefit under Section 80C of the Income Tax Act and the opportunity to catch the long term upside potential of the Indian equity market. The fund has a 3 year lock in period that helps the fund management in taking a long term view and lends stability to performance.

Asset Allocation

80% to 100% investment in Equity & related instruments. 10% to 20% investment in listed debt instruments. 5% to 10% investment in unlisted debt instruments and 5% to 100% investment in Money market instruments.

Who should invest / Key Attributes
  • Ideal for Investors:
    • Benefit from deduction U/s 80C of income tax act 1961 up to Rs.1.5 lac*
    • Aim to seek capital appreciation opportunities in medium to long term horizon
    * Investors are advised to consult their tax advisor with respect to the specific tax implications arising by investing in this scheme
  • Key Attributes:
    • Benefit from a portfolio of fundamentally good stocks selected using a mix of top-down and bottom-up approach to stock selection
    • An avenue to save tax effectively. U/s 80C of Income tax, an investment of Rs. 1.5 lac into an ELSS like Tata India Tax Savings Fund qualifies for a commensurate deduction of Rs. 1.5 lac from the taxable income irrespective of the income slab. This applies for all individuals and HUFs for investing in a range of options including ELSS
    • Tax free growth potential of the savings

Fund Manager

Rupesh Patel

Rupesh PatelAt 38, Rupesh has more than 14 years of experience spread across listed equity investments, private equity real estate investments, credit risk assessment and evaluation of infrastructure projects. He has worked in Equity Research and as Head of TATA PMS investments during his association with Tata Asset Management Limited since May 2008. Prior to joining Tata Asset Management, he worked with Indiareit Fund Advisors Private Limited in their investments team and also held directorships to represent Indiareit Fund Advisors Private Limited on the boards of investee companies. He also worked as head of the corporate sector ratings group at Credit Analysis & Research Limited (CARE). Mr. Rupesh Patel is a graduate in engineering from Sardar Patel University, Gujarat and holds a masters in business administration from Sardar Patel University, Gujarat.

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Scheme Information

To provide income distribution and / or medium to long term capital gains while at all times emphasising the importance of capital appreciation.

Nature of scheme
An Open Ended Equity - Tax Saving Scheme(3yr lock-in period)
Date of Allotment
31 Mar 1996
Options / Plan
Tata India Tax Savings Fund
Regular Plan (Routed through Distributor)
- Dividend Payout
- Dividend Sweep
- Growth
Direct Plan
- Dividend Payout
- Dividend Sweep
- Growth
Entry Load
Exit Load
Lock-in for 3 years, Nil after 3 years
Min. Purchase Amount
Min. Additional Purchase Amt.
500/- & in multiple of 500/-
Min. Redemption Amt. / Units*
500/- or 50 units
Frequency No. of Installments Min. Installment Amt.
Monthly 12 500/-
6 1,000/-
Quarterly 6 1,000/-
4 1,500/-
*The minimum amount required for switch is 500/- and in multiple of 500/-.
Systematic Withdrawal Plan


Yes (after 3 years)



Min. Withdrawal Amt.


*The minimum amount required for switch is 500/- and in multiple of 500/-.

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