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3 star

IDFC Tax Advantage (ELSS) Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.93 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.30 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.

But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.

Like all equity funds, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -12.49 -1.17 -1.13 6.39 20.95 -15.03 -13.08 -2.29 3.18 11.77 9.71
S&P BSE 500 TRI -11.23 -1.58 -1.67 6.30 18.53 -13.06 -6.56 1.55 5.78 10.80 8.17
Equity: ELSS -11.44 -1.25 -1.52 5.37 14.94 -13.12 -7.02 -0.35 4.38 11.64 8.88
Rank within category 21 15 9 7 2 25 31 26 20 14 8
Number of funds in category 38 38 38 38 38 38 36 34 30 28 27

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
IDFC Tax Advantage (ELSS) Fund - Regular Plan
3 star
Dec-08 -13.08 -2.29 3.18 2.12 1,920
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -3.07 5.15 6.93 1.73 20,292
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 -1.37 1.87 6.39 1.93 10,101
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -4.91 1.52 6.86 1.87 5,789
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
4 star
Dec-15 -2.89 4.44 -- 1.80 3,538

Best & Worst Performance

Best (Period) Worst (Period)
Week 14.68 (13-May-2009 - 20-May-2009) -19.99 (16-Mar-2020 - 23-Mar-2020)
Month 25.12 (06-May-2009 - 05-Jun-2009) -39.43 (20-Feb-2020 - 23-Mar-2020)
Quarter 53.68 (05-Mar-2009 - 04-Jun-2009) -37.01 (23-Dec-2019 - 23-Mar-2020)
Year 89.51 (09-Mar-2009 - 11-Mar-2010) -38.01 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 1.24 24.72 -0.16 -0.17 1.12 -2.93
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 2.32 21.15 -0.14 -0.15 0.95 -2.02
Rank within category 24 33 19 20 34 23
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 65
Top 10 Stocks (%) 37.34
Top 5 Stocks (%) 24.83
Top 3 Sectors (%) 43.35
Portfolio P/B Ratio 1.82
Portfolio P/E Ratio 16.56

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 34,497 89,760
Giant (%) 36.48 52.59
Large (%) 13.10 15.43
Mid (%) 25.36 23.93
Small (%) 24.65 8.24
Tiny (%) 0.40 0.13

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 23.84 8.26 3.13 6.04
down Reliance Industries Energy 33.34 5.10 0.00 5.10
equal HDFC Bank Financial 21.51 5.72 3.82 4.72
equal Infosys Technology 20.77 4.88 1.78 4.60
up Bharti Airtel Communication -- 4.48 0.00 4.37
up Deepak Nitrite Chemicals 12.32 3.09 0.89 2.68
up Ipca Laboratories Healthcare 34.63 2.80 0.00 2.58
down KEC International Engineering 12.24 3.02 1.35 2.54
down Axis Bank Financial 65.92 4.22 0.00 2.44
down Jindal Steel & Power Metals -- 2.28 0.00 2.27
up Nestle India FMCG 80.28 2.74 0.00 2.24
up HPCL Energy 12.18 2.14 0.00 2.14
equal MRF Automobile 19.33 2.10 0.74 2.10
equal HDFC Financial 14.63 2.45 0.00 2.06
equal Dr. Reddy's Lab Healthcare 32.60 2.36 0.00 2.05
equal Aurobindo Pharma Healthcare 16.91 2.16 0.82 2.01
down Lupin Healthcare -- 2.14 0.00 1.90
down ICICI Securities Financial 30.91 1.71 0.00 1.71
equal The Ramco Cements Construction 25.56 2.54 1.39 1.65
equal ICICI Lombard General Insurance Company Financial 48.75 1.88 0.00 1.65
down Bajaj Auto Automobile 16.14 1.72 0.00 1.47
up PSP Projects Ltd. Construction 11.62 1.85 1.14 1.43
up Crompton Greaves Consumer Electricals Cons Durable 30.52 1.45 0.91 1.43
up Sun Pharmaceutical Inds. Healthcare 31.46 1.51 0.00 1.42
equal United Breweries FMCG 61.74 1.44 0.00 1.41

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Daylynn Gerard Paul Pinto since 20-Oct-2016

Education: Mr. Pinto is a B.Com (H) and PGDM.

Experience: Prior to joining IDFC AMC he was associated with UTI AMC (Jul 2006-Sep 2016) as fund manager.

Funds Managed:


-1.17%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 48.1500

Dividend: ₹ 14.0500


Investment Strategy

The scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 26-Dec-2008
Return Since Launch: 14.57%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 1,920 Cr (As on 30-Jun-2020)
Expense: 2.12% (As on 30-Jun-2020)
Risk Grade: High
Return Grade: Average
Turnover: 37.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend27-Mar-20190.3700

 27-Sep-20180.4800
 09-Feb-20180.6774
 18-Sep-20170.6200
 27-Feb-20171.2400
 29-Feb-20161.4000
 16-Feb-20152.0000
 17-Feb-20141.1900
 25-Mar-20130.1000
 30-Jan-20131.3000
 21-Mar-20121.0000
 23-Mar-20111.0000
 04-Feb-20112.5000
 23-Mar-20101.0000
 20-Jan-20102.5000

Contact Information

AMC: IDFC Asset Management Company Limited

Address: Unit No. 27, Ground Floor, Khetan Bhavan,198, Jamshedji Tata Road, Churchgate, Mumbai - 400020

Phone: 022-24398777 / 24399999 / 66289999

Fax: 24215052 / 24215051

Email: [email protected]

Website: http://www.idfcmf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

Upcoming Video

Value Investing

Evaluating Covid-affected financials of India Inc

dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM