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HDFC Taxsaver Fund


1 Lakh

Investment Grown to
₹ 1.10 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.52 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 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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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -4.34 -0.37 -1.29 -5.63 -4.46 6.14 2.12 3.29 3.99 11.31 9.97
S&P BSE 500 TRI -1.47 -0.32 -1.24 -3.61 -0.75 10.95 9.48 9.38 7.75 12.61 10.63
Equity: ELSS 0.61 -0.30 -0.81 -2.02 1.30 13.24 12.36 8.44 7.46 13.86 11.81
Rank within category 37 27 33 37 38 36 35 31 27 25 25
Number of funds in category 38 38 38 38 38 37 36 34 30 28 27

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 16.85 (13-May-2009 - 20-May-2009) -16.45 (03-Oct-2008 - 10-Oct-2008)
Month 34.19 (15-Dec-1999 - 14-Jan-2000) -32.30 (26-Sep-2008 - 27-Oct-2008)
Quarter 78.93 (09-Mar-2009 - 10-Jun-2009) -39.75 (02-Sep-2008 - 02-Dec-2008)
Year 272.59 (24-Feb-1999 - 24-Feb-2000) -55.57 (03-Dec-2007 - 02-Dec-2008)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 6.21 13.45 0.04 0.07 0.98 -5.53
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 10.46 13.00 0.37 0.53 0.95 -1.09
Rank within category 31 25 31 31 23 32
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 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 48
Top 10 Stocks (%) 61.87
Top 5 Stocks (%) 37.17
Top 3 Sectors (%) 64.82
Portfolio P/B Ratio 1.91
Portfolio P/E Ratio 14.67

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,23,591 90,653
Giant (%) 61.53 50.67
Large (%) 21.59 15.11
Mid (%) 11.64 25.96
Small (%) 5.21 8.61
Tiny (%) 0.04 0.26

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 ICICI Bank Financial 35.79 9.93 5.26 9.63
equal State Bank of India Financial 24.87 8.35 6.21 7.51
up NTPC Energy 5.57 8.46 0.45 7.00
down HDFC Bank Financial 24.89 9.49 4.87 6.71
equal Infosys Technology 20.53 9.10 2.48 6.32
up Larsen & Toubro Construction 17.41 6.64 4.11 6.09
down Reliance Industries Energy 20.45 8.86 3.78 5.67
equal BPCL Energy 12.36 6.34 1.36 5.47
equal ITC FMCG 16.19 4.99 0.00 3.96
equal GAIL Energy 7.89 5.97 1.40 3.51
equal Axis Bank Financial 42.94 3.03 0.00 2.98
equal Tata Steel Metals 9.24 3.64 1.96 2.77
equal Vedanta Metals 5.72 3.80 0.00 2.26
equal Cipla Healthcare 20.36 3.69 2.08 2.13
up Power Grid Corporation Energy 6.23 2.27 0.00 2.12
equal NHPC Energy 7.02 2.57 1.75 2.02
up Bharti Airtel Communication -- 1.86 0.00 1.86
equal Oracle Fin Ser Software Technology 15.40 2.61 1.52 1.66
equal Solar Industries Chemicals 37.11 1.47 1.02 1.27
equal Bharat Electronics Engineering 14.18 4.04 1.14 1.20
equal L&T Technology Services Engineering 21.88 1.27 0.00 1.15
up Coal India Energy 5.91 1.12 0.00 1.12
equal Mahanagar Gas Energy 13.96 0.93 0.00 0.93
equal Kalpataru Power Trans Construction 10.66 1.07 0.63 0.92
equal Interglobe Aviation Services 43.51 0.94 0.00 0.91

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-Jan-2020

Fund Manager

— Vinay R Kulkarni since 21-Nov-2006

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:


-0.37%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 495.4320

Dividend: ₹ 50.7900


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: 31-Mar-1996
Return Since Launch: 23.72%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 7,327 Cr (As on 31-Jan-2020)
Expense: 1.89% (As on 31-Jan-2020)
Risk Grade: High
Return Grade: Below Average
Turnover: 12.29%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend14-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
 01-Mar-20126.0000
 03-Mar-20116.0000
 04-Mar-20106.0000
 05-Mar-20095.0000
 07-Mar-20088.0000
 07-Mar-20077.5000
 17-Mar-20067.5000
 17-Feb-20055.0000
 15-Mar-20042.0000
 27-Feb-20042.0000
 15-Jul-20032.0000
 15-Mar-20022.0000
 30-Mar-20011.6000
 03-Apr-200021.0000
 29-Nov-19995.0000
 06-Aug-19993.6000
 05-Oct-19982.0000
Growth03-Apr-200021.0000

 29-Nov-19995.0000
 06-Aug-19993.6000
 05-Oct-19982.0000

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: 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

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