About Tata India Tax Savings Fund Direct-Growth
Tata India Tax Savings Fund Direct-Growth is a Tax Saver
mutual fund scheme from Tata Mutual Fund
. This scheme was launched on 13 Oct 2014 and is currently managed by its fund managers Rupesh Patel
and Ennettee Fernandes
. It has an AUM of ₹2,008.76 Crores and the latest NAV decalared is ₹20.204 as on 15 Nov 2019 at 8:45 pm.
Tata India Tax Savings Fund Direct-Growth scheme return performance in last 1 year is 16.33%, in last 3 years is 54.19% and 102.04% 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.