IDFC Tax Advantage (ELSS) Fund
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
IDFC Tax Advantage (ELSS) Fund
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
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About the Fund:The Fund is an Equity Linked Savings Scheme (ELSS) that aims to generate long term capital growth from a diversified equity portfolio and enables investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961.
Category: ELSS
: ₹ 3,409.46 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
: ₹ 3,439.01 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
:
An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
Other Parameter:
| Beta
Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market. | 1.15 |
| R Square | 0.92 |
| Standard Deviation (Annualized)
Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. | 26.02% |
| Sharpe*
The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. | 0.66 |
| Portfolio Turnover | |
| Equity | 0.24 |
| Aggregate^ | 0.24 |
| Total Expense Ratio | |
| Regular | 1.93% |
| Direct | 0.81% |
SIP (Minimum Amount): ₹ 500/-
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 500/- and in multiples of ₹ 500/- thereafter.
Option Available: Growth, IDCW$ - Payout and Sweep (from Equity Schemes to Debt Schemes Only)
:
Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.
NAV (₹) as on September 30, 2021
| Regular Plan | Growth | 94.43 |
| Regular Plan | IDCW$ | 26.19 |
| Name | % of NAV |
| Equity and Equity related Instruments | 97.88% |
| Banks | 19.77% |
| oICICI Bank | 7.34% |
| oState Bank of India | 4.74% |
| oHDFC Bank | 4.41% |
| Axis Bank | 2.12% |
| RBL Bank | 1.17% |
| Software | 13.88% |
| oInfosys | 6.70% |
| oHCL Technologies | 2.60% |
| Mastek | 2.18% |
| Zensar Technologies | 1.29% |
| Birlasoft | 1.11% |
| Chemicals | 5.82% |
| oDeepak Nitrite | 3.81% |
| Tata Chemicals | 2.00% |
| Cement & Cement Products | 5.34% |
| UltraTech Cement | 1.94% |
| The Ramco Cements | 1.43% |
| Nuvoco Vistas Corporation | 0.99% |
| Sagar Cements | 0.99% |
| Industrial Products | 5.19% |
| Bharat Forge | 1.93% |
| Graphite India | 1.76% |
| Apollo Pipes | 1.51% |
| Petroleum Products | 5.16% |
| oReliance Industries | 4.03% |
| Bharat Petroleum Corporation | 1.13% |
| Auto | 5.01% |
| oTata Motors | 2.91% |
| Mahindra & Mahindra | 2.10% |
| Pharmaceuticals | 4.36% |
| Cipla | 2.07% |
| Aurobindo Pharma | 1.21% |
| Laurus Labs | 1.08% |
| Consumer Durables | 4.22% |
| Greenpanel Industries | 2.16% |
| Voltas | 1.59% |
| Khadim India | 0.42% |
| Greenply Industries | 0.05% |
| Name | % of NAV |
| Ferrous Metals | 4.04% |
| Jindal Steel & Power | 1.92% |
| Tata Steel | 1.12% |
| Kirloskar Ferrous Industries | 0.99% |
| Auto Ancillaries | 3.72% |
| Bosch | 1.48% |
| Minda Industries | 1.40% |
| Sandhar Technologies | 0.83% |
| Consumer Non Durables | 3.53% |
| United Spirits | 2.11% |
| Tata Consumer Products | 1.42% |
| Telecom - Services | 3.05% |
| oBharti Airtel | 3.05% |
| Leisure Services | 2.70% |
| The Indian Hotels Company | 1.42% |
| EIH | 1.28% |
| Power | 2.54% |
| oKEC International | 2.19% |
| Kalpataru Power Transmission | 0.35% |
| Construction Project | 2.16% |
| NCC | 2.16% |
| Finance | 2.10% |
| Poonawalla Fincorp | 1.14% |
| Mas Financial Services | 0.96% |
| Transportation | 1.94% |
| VRL Logistics | 1.94% |
| Insurance | 1.17% |
| ICICI Prudential Life Insurance Company | 1.17% |
| Industrial Capital Goods | 1.14% |
| CG Power and Industrial Solutions | 1.14% |
| Construction | 1.04% |
| PSP Projects | 1.04% |
| Preference Shares | 0.001% |
| Entertainment | 0.001% |
| Zee Entertainment Enterprises | 0.001% |
| Net Cash and Cash Equivalent | 2.12% |
| Grand Total | 100.00% |
| oTop 10 Equity Holdings |
Performance based on NAV as on 30/09/2021. Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.
Scheme risk-o-meter
Investors understand that their principal will be at Very High risk
This product is suitable for investors who are seeking*
- To create wealth over long term.
- Investment predominantly in Equity and Equity related securities with income tax benefit u/s 80C and 3 years lock-in.
* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Benchmark risk-o-meter
S&P BSE 200 TRI
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
*Risk-free rate assumed to be 3.49% (FBIL OVERNIGHT MIBOR as on 30th September 2021). Ratios calculated on the basis of 3 years history of monthly data.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
