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Indiabulls Tax Savings Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.09 Lakh

₹ 10000

Monthly SIP Grown to
₹ 0.31 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 8.82 2.09 8.82 9.75 -- -- --
S&P BSE 500 TRI 7.97 1.57 8.28 9.13 -- -- --
Equity: ELSS 8.37 1.10 8.26 9.40 -- -- --
Rank within category 19 7 17 18 -- -- --
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 8.26 (23-Aug-2019 - 23-Sep-2019) -11.98 (07-Sep-2018 - 09-Oct-2018)
Quarter 10.57 (26-Feb-2019 - 28-May-2019) -11.70 (27-Jul-2018 - 26-Oct-2018)
Year 15.64 (30-Oct-2018 - 30-Oct-2019) -14.71 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE 500 TRI* 13.11 13.17 0.56 0.86 -- --
Equity: ELSS* 12.22 13.45 0.48 0.73 0.96 -0.59
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

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

As on

* As on 30-Nov-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 34
Top 10 Stocks (%) 45.97
Top 5 Stocks (%) 30.16
Top 3 Sectors (%) 55.14
Portfolio P/B Ratio 3.17
Portfolio P/E Ratio 22.62

Portfolio Aggregates

Fund Benchmark Category
Average Mkt Cap (Rs Cr) 2,07,128 2,78,517 96,702
Giant (%) 80.44 59.50 52.39
Large (%) 9.57 18.52 15.16
Mid (%) 9.99 16.63 24.27
Small (%) -- 5.32 8.53
Tiny (%) -- 0.01 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
equal HDFC Bank Financial 29.57 9.42 4.48 8.34
equal Reliance Industries Energy 23.90 8.79 4.80 7.46
equal ICICI Bank Financial 67.66 6.93 0.00 6.93
equal Larsen & Toubro Construction 19.37 5.08 3.49 3.96
equal Maruti Suzuki India Automobile 35.88 5.45 2.97 3.47
up Infosys Technology 19.54 3.34 0.00 3.34
equal Axis Bank Financial 47.71 3.29 0.00 3.26
equal Ultratech Cement Construction 36.68 3.38 0.00 3.18
equal HCL Technologies Technology 14.61 3.76 1.92 3.17
equal ITC FMCG 21.38 3.16 0.00 2.86
equal Kotak Mahindra Bank Financial 39.32 5.13 2.50 2.68
equal Indiabulls Housing Finance Financial 3.78 2.63 0.00 2.63
equal Nestle India FMCG 75.07 3.54 1.04 2.49
equal Asian Paints Chemicals 64.65 2.57 0.00 2.39
equal Tata Consultancy Services Technology 23.99 2.36 0.00 2.11
equal SBI Life Insurance Company Financial 79.64 2.08 0.00 1.99
equal Titan Company Cons Durable 73.35 2.24 0.00 1.93
equal RBL Bank Financial 21.24 2.23 0.00 1.87
equal Bajaj Finance Financial 49.61 3.42 0.00 1.77
equal Hindustan Unilever FMCG 65.92 1.90 0.00 1.76
equal ICICI Lombard General Insurance Financial 56.52 1.76 0.00 1.72
equal Coal India Energy 6.45 1.48 0.00 1.44
equal Sanofi India Healthcare 40.54 1.22 0.00 1.22
equal NTPC Energy 9.75 1.55 0.00 1.22
equal PI Industries Chemicals 44.90 1.19 0.00 1.19

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

— Veekesh Gandhi since 29-Oct-2018

Education: Mr. Gandhi has done MBA & M.Com

Experience: Prior to joining Indiabulls Mutual Fund, he has worked with DSP Merrill Lynch Ltd. as Equity Research Analyst, SSKI Securities as Banking and Strategy Analyst and Motilal Oswal Securities as Equity Research Analyst.

Funds Managed:

— Vikrant Mehta since 20-Jun-2019

Education: Mr. Mehta is CFA and M.S.

Experience: Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.

Funds Managed:


1.09%

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

Growth: ₹ 10.2400

Dividend: ₹ 10.2300


Investment Strategy

The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. The scheme shall offer tax benefits under Section 80C of the Income Tax Act.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) 500
Exit Load 0

Basic Details

Fund House: Indiabulls Mutual Fund
Launch Date: 28-Dec-2017
Benchmark: S&P BSE 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 87 Cr (As on 30-Nov-2019)
Expense: 1.68% (As on 30-Nov-2019)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: Indiabulls Asset Management Company Ltd.

Address: Indiabulls Finance Centre - 11th Floor, Elphinstone Mills, Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013

Phone: 022-61891300 / 1800-2666-002

Email: [email protected]

Website: www.indiabullsamc.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

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