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INDIA TAX SAVINGS FUND

(An Open-ended Equity Linked Saving Scheme
(ELSS) for residents with a lock-in period of 3 years)

This product is suitable for investors who are seeking*:

Long Term Capital Appreciation.
An equity linked savings scheme (ELSS) Investing predominantly in Equity
& Equity related instruments.
*Investors should consult their financial advisors if in doubt about whether
the product is suitable for them.

Mutual Fund investments are subject to market risks,

read all scheme related documents carefully.
PRODUCT DETAILS WHY TATA INDIA TAX SAVINGS FUND?
Inception : March 31, 1996 The 3 year lock-in period allows the Fund Manager to take long term
call on stocks not withstanding short term volatility in the market for
Benchmark Index : S&P BSE Sensex exploiting true wealth creation potential of stocks
Lock In & Tax Savings : Lock-in of 3 Years and Tax Savings u/s Blend of both 'Value' and 'Growth' style of investing in one portfolio
80C of the Income Tax Act, 1961 across market capitalization segments
Entry Load : NIL Focus on well managed, good quality, fundamentally strong
companies with above average growth prospects
Exit Load : NIL (compulsory lock-in for 3 years)
WHO SHOULD INVEST & WHY
ABOUT THE FUND
Investors with moderate to aggressive risk prole with an
Tata India Tax Savings Fund (erstwhile Tata Long Term Equity Fund), is investment horizon of 3 years or more
a diversied equity fund which intends to generate long term capital
Investors seeking deduction of up to Rs. 1.5 lacs allowed u/s 80C of
appreciation by investing in equity and equity related instruments. The
Income Tax Act, 1961
Fund also provides tax benet by way of deduction u/s 80C of Income
Tax Act, 1961. The Fund hence, offers a combination of benet of tax Over 19 Years of performance track record across multiple bull &
saving along with benets of potential capital appreciation bear cycles
opportunities over 3 years or more.
CURRENT PORTFOLIO STRATEGY
INVESTMENT APPROACH The portfolio is aligned to current market dynamics and focuses on
Actively Managed Diversied Equity Fund stocks with strong fundamentals and high earnings visibility
The investment is spread across 20 industries with top 3 industries
Portfolio consisting of fundamentally strong companies with contributing ~38%
high growth potential across sectors
The top 3 industries in the portfolio are Banks, Pharmaceuticals and
No Market Capitalization Bias Software
Minimum 80% Investment in Equity & Equity related securities Scheme has diversied portfolio of 47 stocks. Large Cap stocks
account for about 56% of the portfolio with balance 35% in Mid cap
Top Down Portfolio Strategy stocks and 9% in small cap stocks
Portfolio seeks opportunities based on overall macro- Top 10 stocks form ~32% of the portfolio
economic and sector strategy Around 93% of the total scheme corpus is invested in stocks and
Actively seeks valuation & tactical opportunities created by remaining in cash and cash equivalent
company specic, industry specic and market specic
developments.
TOP 10 HOLDINGS (As on 30th November, 2015)

Issuer Name % of NAV

Stock Picker's Delight ' - Well Researched and Growth Oriented
companies HDFC Bank Ltd 5.57
Key attributes for stocks in the portfolio will be following: Infosys Ltd 3.78
Jet Airways Ltd 3.48
Good Management Quality
Axis Bank Ltd 3.47
Strong Business Models Bharat Electronics Ltd 2.78
High Efciency of Capital Use HCL Technologies Ltd 2.75
Earnings Visibility Kajaria Ceramics Ltd 2.60
Tata Consultancy Services Ltd 2.60
Diligent Risk Management
KNR Construction 2.58
Rigorous monitoring of Parameters like Liquidity, Sectoral Wabco India Ltd 2.38
exposure etc
Total of Top 10 Holdings 31.99
ABOUT EQUITY LINKED SAVING SCHEME
Lowest Lock-in of 3yrs TOP 10 SECTOR ALLOCATION (As on 30th November, 2015)

Equity Linked Saving Scheme (ELSS) offer lowest lock-in period of 3 Finance 3.62
years when compared with other tax savings investment options
Auto 4.68
currently available
Cement 4.69
No Capital Gains Tax
Industrial Products 4.91
ELSS have a lock-in period of 3 years and hence returns generated
Construction 5.17
on the ELSS attracts zero capital gains tax, as long term capital
gains from equity investments is tax free in the hands of investors. Consumer Non Durables 5.72
Also dividends if any, are also exempt from tax in the hands of Transportation 5.97
investor Software 9.12
Potential for higher returns Pharmaceuticals 9.75

Predominantly invests in equity & equity related instruments which Banks 18.94
have potential for higher returns though with a relatively higher risk
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