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IDFC Tax Advantage (ELSS) Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.44 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.78 Lakh

Analyst's Choice?

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 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 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 2.12 1.05 4.90 2.71 12.87 10.49 --
S&P BSE 200 TRI 9.52 1.72 8.77 10.63 13.88 9.66 --
Equity: ELSS 8.37 1.10 8.26 9.40 12.24 9.55 --
Rank within category 32 24 35 33 17 10 --
Number of funds in category 35 38 37 35 34 29 1

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 14.79 (07-May-2014 - 06-Jun-2014) -14.49 (07-Sep-2018 - 09-Oct-2018)
Quarter 23.20 (07-Apr-2014 - 07-Jul-2014) -15.17 (30-Nov-2015 - 29-Feb-2016)
Year 68.12 (03-Sep-2013 - 03-Sep-2014) -16.42 (27-Feb-2015 - 29-Feb-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 13.13 14.63 0.50 0.75 1.04 -0.30
S&P BSE 200 TRI 13.76 12.78 0.63 1.00 -- --
Equity: ELSS 12.22 13.45 0.48 0.73 0.96 -0.59
Rank within category 16 29 17 18 29 18
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-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 70
Top 10 Stocks (%) 37.04
Top 5 Stocks (%) 24.09
Top 3 Sectors (%) 49.94
Portfolio P/B Ratio 2.13
Portfolio P/E Ratio 19.61

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 33,418 3,01,056 96,702
Giant (%) 35.91 64.44 52.39
Large (%) 11.23 20.06 15.16
Mid (%) 25.50 15.30 24.27
Small (%) 26.71 0.21 8.53
Tiny (%) 0.66 -- 0.27

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down ICICI Bank Financial 67.66 7.91 3.13 7.91
equal State Bank of India Financial 29.35 4.91 0.00 4.38
equal HDFC Bank Financial 29.57 6.29 3.82 4.11
up Reliance Industries Energy 23.90 4.05 0.00 4.05
up Infosys Technology 19.54 4.27 1.78 3.64
equal Axis Bank Financial 47.71 4.22 0.00 3.51
up RBL Bank Financial 21.24 2.88 1.14 2.84
up KEC International Engineering 13.82 3.02 1.35 2.21
equal Future Retail Services 22.64 4.36 1.99 2.21
equal Jindal Steel & Power Metals 2.18 0.00 2.18
up Deepak Nitrite Chemicals 12.80 2.15 0.00 2.11
equal Larsen & Toubro Construction 19.37 2.37 0.00 2.02
equal Nestle India FMCG 75.07 2.20 0.00 1.92
equal HPCL Energy 8.02 2.07 0.00 1.61
up Mas Financial Services Financial 25.09 1.57 0.00 1.52
equal The Ramco Cements Construction 29.17 4.46 1.41 1.48
up PSP Projects Ltd. Construction 16.83 1.85 0.00 1.47
up MRF Automobile 25.53 2.03 0.00 1.44
down VRL Logistics Services 22.54 2.03 1.25 1.42
equal Greenply Inds. FMCG 19.40 1.45 0.00 1.39
equal Kotak Mahindra Bank Financial 39.32 2.02 0.00 1.38
down Dr. Reddy's Lab Healthcare 17.12 1.51 0.00 1.38
up Voltas Cons Durable 45.68 2.13 0.96 1.38
equal Bajaj Auto Automobile 18.11 1.42 0.00 1.36
equal ICICI Lombard General Insurance Financial 56.52 1.41 0.00 1.36

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-Nov-2019

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:


0.81%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 58.7100

Dividend: ₹ 19.6400


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
Exit Load 0

Basic Details

Fund House: IDFC Mutual Fund
Launch Date: 01-Jan-2013
Benchmark: S&P BSE 200 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 2,107 Cr (As on 30-Nov-2019)
Expense: 1.12% (As on 30-Nov-2019)
Risk Grade: Above Average
Return Grade: Average
Turnover: --

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend27-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: 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

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM