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3 star

IDFC Tax Advantage (ELSS) Fund - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.01 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.71 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to 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 for 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 0.38 0.69 2.18 4.52 10.04 31.69 3.82 0.41 7.43 13.01 9.60
S&P BSE 500 TRI 0.39 0.39 1.71 6.40 7.73 29.31 4.79 4.35 8.63 12.32 8.16
Equity: ELSS -0.42 0.45 1.77 5.74 7.49 25.36 3.01 2.36 7.25 13.10 8.87
Rank within category 15 5 12 32 7 4 17 24 14 14 8
Number of funds in category 38 38 38 38 38 38 37 34 30 29 27

As on 23-Oct-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 3.82 0.41 7.43 2.06 2,228
Axis Long Term Equity Fund
4 star
Dec-09 0.22 6.76 9.05 1.72 21,836
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 4.09 2.41 8.09 1.89 11,123
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 0.81 3.27 9.29 1.86 6,178
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 11.03 8.00 -- 1.77 4,270

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 3.82 25.16 -0.05 -0.05 1.13 -2.98
S&P BSE 500 TRI 6.61 21.81 0.07 0.08 -- --
Equity: ELSS 4.36 21.40 -0.03 -0.03 0.95 -2.17
Rank within category 19 33 19 19 34 22
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-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 61
Top 10 Stocks (%) 38.74
Top 5 Stocks (%) 24.92
Top 3 Sectors (%) 43.91
Portfolio P/B Ratio 2.11
Portfolio P/E Ratio 18.73

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 38,317 93,415
Giant (%) 33.66 50.27
Large (%) 19.22 15.96
Mid (%) 26.21 25.18
Small (%) 20.56 8.58
Tiny (%) 0.35 0.14

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
up Infosys Technology 26.76 6.11 1.78 6.11
down ICICI Bank Financial 28.27 8.26 3.13 5.73
equal Reliance Industries Energy 33.63 5.52 0.00 5.52
equal HDFC Bank Financial 23.00 5.13 3.82 3.87
equal Deepak Nitrite Chemicals 16.98 3.69 0.89 3.69
equal Bharti Airtel Communication -- 4.48 0.00 3.21
equal Ipca Laboratories Healthcare 29.87 2.82 0.00 2.82
equal KEC International Engineering 15.88 2.78 1.35 2.78
up ITC FMCG 14.52 3.23 0.00 2.62
down Mastek Technology 15.67 2.39 0.79 2.39
equal Birlasoft Technology 22.46 2.37 0.76 2.37
equal Dr. Reddy's Lab Healthcare 42.90 2.36 0.00 2.33
down Jindal Steel & Power Metals 326.57 2.42 0.00 1.85
equal Lupin Healthcare -- 2.14 0.00 1.81
equal Aurobindo Pharma Healthcare 15.42 2.16 0.82 1.79
equal HDFC Financial 16.86 2.45 0.00 1.76
equal MRF Automobile 23.20 2.10 1.06 1.74
equal The Ramco Cements Construction 35.06 2.34 1.39 1.69
up Mahindra & Mahindra Automobile -- 1.64 0.00 1.64
equal Bharat Forge Automobile 452.45 1.78 0.00 1.61
equal State Bank of India Financial 8.38 4.91 0.00 1.58
new Cipla Healthcare 37.07 1.56 0.00 1.56
equal Tata Motors Automobile -- 1.62 0.00 1.50
down KPIT Technologies Technology 21.95 1.46 0.00 1.46
equal ICICI Lombard General Insurance Company Financial 44.58 1.88 0.00 1.46

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-Sep-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:


0.69%

Change from previous, NAV as on 23-Oct-2020

Growth: ₹ 55.2300

Dividend: ₹ 16.1200


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: 15.54%
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2,228 Cr (As on 30-Sep-2020)
Expense: 2.06% (As on 30-Sep-2020)
Risk Grade: High
Return Grade: Average
Turnover: 44.00%

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

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