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1 star

HDFC Taxsaver Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment declined to
₹ 0.87 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.17 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 -16.60 -1.60 -1.74 4.22 14.30 -18.14 -15.82 -4.46 2.33 10.37 --
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 --
Equity: ELSS -10.92 -1.25 -1.50 5.48 15.26 -12.63 -6.03 0.69 5.37 12.60 --
Rank within category 35 34 25 33 25 35 34 33 29 24 --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 1

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)
HDFC Taxsaver Fund - Direct Plan  | Invest Online
1 star
Jan-13 -15.82 -4.46 2.33 1.37 6,172
Axis Long Term Equity Fund - Direct Plan  | Invest Online
5 star
Jan-13 -2.31 6.16 8.02 0.92 20,292
Aditya Birla Sun Life Tax Relief 96 - Direct Plan  | Invest Online
4 star
Jan-13 -0.43 2.94 7.45 0.94 10,101
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 -3.99 2.55 7.89 0.94 5,789
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 -1.34 5.92 -- 0.42 3,538

Best & Worst Performance

Best (Period) Worst (Period)
Week 10.75 (24-Mar-2020 - 31-Mar-2020) -17.82 (11-Mar-2020 - 18-Mar-2020)
Month 24.04 (07-May-2014 - 06-Jun-2014) -37.83 (20-Feb-2020 - 23-Mar-2020)
Quarter 36.59 (13-Mar-2014 - 12-Jun-2014) -38.88 (23-Dec-2019 - 23-Mar-2020)
Year 86.75 (03-Sep-2013 - 03-Sep-2014) -38.99 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -1.39 21.80 -0.31 -0.36 0.98 -5.69
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 3.36 21.18 -0.09 -0.10 0.95 -0.97
Rank within category 33 24 32 33 25 33
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 49
Top 10 Stocks (%) 60.29
Top 5 Stocks (%) 36.87
Top 3 Sectors (%) 64.06
Portfolio P/B Ratio 1.55
Portfolio P/E Ratio 14.33

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,07,909 89,760
Giant (%) 59.96 52.59
Large (%) 24.19 15.43
Mid (%) 12.08 23.93
Small (%) 3.76 8.24
Tiny (%) 0.01 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 Reliance Industries Energy 33.76 8.86 4.35 8.13
equal ICICI Bank Financial 23.80 9.93 6.33 7.64
equal Infosys Technology 21.33 9.10 2.48 7.11
equal NTPC Energy 13.05 8.46 2.11 7.06
equal HDFC Bank Financial 21.56 9.49 6.38 6.93
equal BPCL Energy 26.45 6.34 1.36 5.32
equal State Bank of India Financial 8.43 8.10 4.85 5.00
equal Larsen & Toubro Construction 13.44 6.64 4.11 4.98
equal ITC FMCG 15.87 4.99 0.00 4.51
equal Cipla Healthcare 33.43 3.93 2.08 3.61
equal GAIL Energy 4.69 5.97 1.40 3.53
equal Bharti Airtel Communication -- 2.64 0.00 2.49
equal Tata Steel Metals 26.50 3.64 1.96 2.45
equal Power Grid Corporation Energy 9.18 2.61 0.00 2.35
equal Vedanta Metals -- 3.80 0.00 2.07
equal Oracle Fin Ser Software Technology 17.52 2.57 1.52 2.01
equal NHPC Energy 6.48 2.57 1.75 1.96
equal Coal India Energy 4.74 2.36 0.00 1.84
equal Axis Bank Financial 67.04 3.10 0.00 1.78
equal Aurobindo Pharma Healthcare 17.27 1.47 0.39 1.42
equal Bharat Electronics Engineering 12.88 3.41 1.07 1.40
equal Lupin Healthcare -- 1.38 0.00 1.34
equal Solar Industries Chemicals 31.22 1.47 1.02 1.21
equal L&T Technology Services Engineering 18.58 1.27 0.00 1.03
equal Ambuja Cements Construction 17.47 1.07 0.00 1.01

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

— Vinay R Kulkarni since 01-Jan-2013

Education: Mr. Kulkarni is a B.Tech from IIT, Mumbai and PGDM from IIT Bangalore.

Experience: Prior to joining HDFC Mutual Fund he has worked with Tata AMC, Deutsche Mutual Fund, UTI Mutual Fund and Patni Computer Systems Ltd.

Interviews:

Funds Managed:


-1.60%

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

Growth: ₹ 451.1860

Dividend: ₹ 44.3260


Investment Strategy

The scheme seeks to generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related 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: HDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 8.36%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 6,172 Cr (As on 30-Jun-2020)
Expense: 1.37% (As on 30-Jun-2020)
Risk Grade: High
Return Grade: Low
Turnover: 10.27%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend12-Mar-20202.3720

 14-Mar-20196.0000
 15-Mar-20187.0000
 16-Mar-20176.5000
 10-Mar-20166.0000
 12-Mar-20157.0000
 13-Mar-20146.0000
 14-Mar-20136.0000

Contact Information

AMC: HDFC Asset Management Company Ltd

Address: "HDFC House"-2nd Floor, H.T. Parekh Marg - 165-166, Backbay Reclamation, Churchgate Mumbai - 400020

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

Fax: 022-22821144

Website: http://www.hdfcfund.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