About Tata India Tax Savings Fund Direct-Dividend Payout
Tata India Tax Savings Fund Direct-Dividend Payout is a Tax Saver
mutual fund scheme from Tata Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Rupesh Patel
and Ennettee Fernandes
. It has an AUM of ₹1,919.17 Crores and the latest NAV decalared is ₹100.833 as on 18 Oct 2019 at 9:25 pm.
Tata India Tax Savings Fund Direct-Dividend Payout scheme return performance in last 1 year is 17.65%, in last 3 years is 35.14% and 181.42% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.