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4 star

IDFC Tax Advantage (ELSS) Fund - Direct Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.82 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.89 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 44.52 -3.47 -4.30 -6.04 6.92 13.89 57.07 22.20 20.40 16.19 --
S&P BSE 500 TRI 29.06 -2.96 -3.93 -5.18 4.30 13.54 39.43 19.53 17.66 13.02 --
Equity: ELSS 30.39 -2.90 -4.02 -4.73 4.63 14.33 40.72 19.73 17.11 13.46 --
Rank within category 2 38 27 33 4 26 2 11 5 3 --
Number of funds in category 38 38 38 38 38 38 38 35 34 29 1

As on 26-Nov-2021

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 - Direct Plan
4 star
Jan-13 57.07 22.20 20.40 0.74% 3,518
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 34.72 22.21 20.05 0.74% 34,235
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 43.35 25.22 23.24 0.43% 10,146
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 44.28 22.70 17.98 0.81% 9,805
Canara Robeco Equity Tax Saver Fund - Direct Plan  | Invest Online
5 star
Jan-13 44.34 25.16 21.23 0.75% 2,893

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.63 29-Jan-2021 - 05-Feb-2021 -19.99 16-Mar-2020 - 23-Mar-2020
Month 20.39 24-Mar-2020 - 23-Apr-2020 -39.38 20-Feb-2020 - 23-Mar-2020
Quarter 37.05 24-Mar-2020 - 23-Jun-2020 -36.86 23-Dec-2019 - 23-Mar-2020
Year 120.04 23-Mar-2020 - 23-Mar-2021 -37.27 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 25.65 25.89 0.84 0.88 1.15 0.81
S&P BSE 500 TRI 22.08 21.79 0.84 0.93 -- --
Equity: ELSS 22.05 21.37 0.85 0.90 0.95 0.85
Rank within category 5 35 17 16 35 17
Number of funds in category 35 35 35 35 35 35

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

As on 31-Oct-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 49
Top 10 Stocks (%) 43.20
Top 5 Stocks (%) 28.46
Top 3 Sectors (%) 48.10
Portfolio P/B Ratio 3.21
Portfolio P/E Ratio 25.13

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 79,400 1,36,970
Giant (%) 45.07 53.06
Large (%) 11.94 14.68
Mid (%) 25.30 25.08
Small (%) 17.16 7.34
Tiny (%) 0.53 0.21

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 ICICI Bank Financial 23.61 8.44 5.47 8.44
up Infosys Technology 34.03 7.03 2.84 6.64
equal State Bank of India Financial 14.65 5.14 0.00 5.14
equal HDFC Bank Financial 24.13 4.92 3.83 4.27
equal Reliance Industries Energy 31.22 5.52 3.34 3.97
down Tata Motors Automobile -- 3.85 0.00 3.85
down Deepak Nitrite Chemicals 27.00 4.43 1.22 3.04
equal Bharti Airtel Communication 143.20 4.48 0.00 2.92
up Greenpanel Industries FMCG 24.98 2.64 0.00 2.64
equal United Spirits FMCG 76.43 2.29 0.00 2.29
equal HCL Technologies Technology 26.06 2.60 0.00 2.28
equal Mahindra & Mahindra Automobile 25.69 2.26 0.00 2.26
down KEC International Engineering 24.89 2.78 1.35 2.17
equal Jindal Steel & Power Metals 5.28 2.59 1.19 2.02
equal Axis Bank Financial 20.29 4.22 0.00 2.00
equal Bharat Forge Automobile 76.82 2.09 0.00 1.96
up Mastek Technology 28.70 2.58 0.79 1.96
equal Ultratech Cement Construction 33.50 2.11 0.00 1.95
up Cipla Healthcare 30.12 2.07 0.00 1.93
equal Tata Chemicals Chemicals 31.90 2.00 0.00 1.92
equal NCC Construction 12.82 2.77 0.00 1.82
down VRL Logistics Services 32.92 1.94 0.95 1.75
equal Bosch Automobile 36.43 1.59 0.00 1.59
new Tata Consultancy Services Technology 34.84 1.55 0.00 1.55
equal Voltas Consumer Durable 64.98 1.63 0.96 1.54

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 31-Oct-2021

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:


-3.47%

Change from previous, NAV as on 26-Nov-2021

Growth: ₹ 102.9300

IDCW: ₹ 32.7300


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 (₹) 1,000
Minimum No of Cheques 6
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 1
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Return Since Launch: 18.69%
Benchmark: S&P BSE 200 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,518 Cr (As on 31-Oct-2021)
Expense: 0.74% (As on 31-Oct-2021)
Risk Grade: High
Return Grade: Above Average
Turnover: 25.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW22-Jul-20211.6000

 27-Mar-20190.4500
 27-Sep-20180.5800
 09-Feb-20180.8178
 18-Sep-20170.7500
 27-Feb-20171.4800
 29-Feb-20161.4000
 16-Feb-20152.2500
 17-Feb-20141.2100
 25-Mar-20130.1000

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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