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Value Research Rating
Analyst’s Choice
Riskometer
Very High
₹132.0900 -1.51%
As on 03-Oct-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
Quantum ELSS Tax Saver Fund - Direct Plan
|
|
|
Very High
|
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0.90 |
|
 |
|
Very High
|
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0.93 |
||
 |
|
Very High
|
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0.68 |
||
|
|
Very High
|
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1.08 |
||
|
|
Very High
|
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0.65 |
₹214 Cr
--
500
500
500
12
Investment Strategy
The scheme seeks capital appreciation through a diversified portfolio comprising primarily of stocks of such companies that will typically be included un the BSE 200 Index, are available at attractive valuations and in a position to benefit from the anticipated growth and development of Indian economy. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.
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.
Capital Gains Taxation
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
1 min read•By News Desk
Quantum ELSS Tax Saver Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.
Mutual funds can be bought directly from the website of the fund house. For instance, Quantum ELSS Tax Saver Fund - Direct Plan fund can be purchased from the website of Quantum Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Quantum ELSS Tax Saver Fund - Direct Plan is ₹132.0900 as of 04-Oct-2024.
The AUM of Quantum ELSS Tax Saver Fund - Direct Plan Fund is ₹214 Cr as of 31-Aug-2024
The riskometer level of Quantum ELSS Tax Saver Fund - Direct Plan is Very High. See More
| Company | Percentage of Portfolio |
|---|---|
|
7.33
|
|
|
5.49
|
|
|
5.47
|
|
|
4.27
|
|
|
4.05
|
As of 31-Aug-2024, Quantum ELSS Tax Saver Fund - Direct Plan had invested 84.84% in Equity, 15.07% in Debt and 0.09% in Cash & Cash Eq. See More
Quantum ELSS Tax Saver Fund - Direct Plan is 15 years 9 months old. It has delivered 17.76% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
43.28%
|
19.61%
|
21.35%
|
14.67%
|
13.76%
|
17.76%
|
Yes, There is lock in period in Quantum ELSS Tax Saver Fund - Direct Plan.
The expense ratio of Quantum ELSS Tax Saver Fund - Direct Plan is 0.90.
