IDFC TAX ADVANTAGE (ELSS) FUND
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IDFC TAX ADVANTAGE (ELSS) FUND
An open ended equity linked saving scheme with a
statutory lock in of 3 years and tax benefit
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.
OUTLOOK
Indian equities continued their upward momentum in
August following the trend in global markets, even as India
continues to see a sharp increase in daily new Covid-19
cases. In August and over the last 3-month basis, Small Caps
significantly outperformed Mid and Large Caps. Since the
bottom in March-20, Large, Mid and Small Caps have
bounced 50%, 52% and 66% respectively.
Going forward, the pace of economic recovery would
depend largely on the extent of local lockdowns on account
of spread of Covid-19. Markets seems to have run ahead of
fundamentals and are less than 10% lower than all-time
highs. Global and domestic liquidity seems to have played a
significant part in the sharp up move seen in the markets.
Investors should tread with caution as the number of cases
and deaths in India continue to rise. Also, earnings
uncertainty for FY21 is fairly high with a wide range of
analyst estimates.
FUND FEATURES : (Data as on 31st August'20)
Category: ELSS
Monthly Avg AUM: Rs2,177.37 Crores
Inception Date: 26th December 2008
Fund Manager:
Mr. Daylynn Pinto (w.e.f. 20/10/2016)
Other Parameters:
Beta: 1.14
R Square: 0.94
Standard Deviation (Annualized): 25.16%
Benchmark: S&P BSE 200 TRI
Minimum Investment Amount: Rs500/-
Exit Load: Nil
SIP Frequency Monthly (Investor
may choose any day of the month
except 29th, 30th and 31st as the date
of instalment.)
Options Available: Growth, Dividend
- Payout and Sweep (from Equity
Schemes to Debt Schemes Only)
| PLAN | DIVIDEND RECORD DATE | ₹/UNIT | NAV |
| REGULAR | 27-Mar-19 | 0.37 | 16.7300 |
| 27-Sep-18 | 0.48 | 16.8600 | |
| 09-Feb-18 | 0.68 | 18.6811 | |
| DIRECT | 27-Mar-19 | 0.58 | 20.5000 |
| 27-Sep-18 | 0.52 | 20.5200 | |
| 09-Feb-18 | 0.82 | 22.5603 |
Dividend is not guaranteed and past performance may or may not be sustained in future. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable).
| PORTFOLIO | (31 August 2020) |
| Name | % of NAV |
| Equity and Equity related Instruments | 98.09% |
| Banks | 14.15% |
| ICICI Bank | 6.96% |
| HDFC Bank | 4.04% |
| State Bank of India | 1.82% |
| RBL Bank | 1.33% |
| Software | 10.07% |
| Infosys | 5.04% |
| Birlasoft | 1.96% |
| Mastek | 1.94% |
| KPIT Technologies | 1.13% |
| Pharmaceuticals | 10.06% |
| IPCA Laboratories | 2.48% |
| Dr. Reddy's Laboratories | 1.93% |
| Aurobindo Pharma | 1.83% |
| Lupin | 1.68% |
| Sun Pharmaceutical Industries | 1.35% |
| Dishman Carbogen Amcis | 0.80% |
| Consumer Non Durables | 7.27% |
| ITC | 2.33% |
| Nestle India | 1.66% |
| Tata Consumer Products | 1.44% |
| United Spirits | 1.11% |
| United Breweries | 0.36% |
| Procter & Gamble Hygiene and Health Care | 0.32% |
| HBL Power Systems | 0.04% |
| Petroleum Products | 6.91% |
| Reliance Industries | 5.18% |
| Hindustan Petroleum Corporation | 1.73% |
| Finance | 6.57% |
| HDFC | 1.87% |
| ICICI Securities | 1.45% |
| Mas Financial Services | 1.44% |
| ICICI Lombard General Insurance Company | 1.42% |
| Magma Fincorp | 0.39% |
| Auto | 5.69% |
| Tata Motors | 1.62% |
| Bajaj Auto | 1.48% |
| Mahindra & Mahindra | 1.37% |
| Hero MotoCorp | 1.22% |
| Consumer Durables | 4.94% |
| Voltas | 1.36% |
| Crompton Greaves Consumer Electricals | 1.32% |
| Greenply Industries | 0.88% |
| Greenpanel Industries | 0.51% |
| Greenlam Industries | 0.51% |
| Khadim India | 0.35% |
| Industrial Products | 4.00% |
| Bharat Forge | 1.78% |
| AIA Engineering | 0.90% |
| Apollo Pipes | 0.81% |
| Graphite India | 0.51% |
| Telecom - Services | 3.95% |
| Bharti Airtel | 3.95% |
| Chemicals | 3.87% |
| Deepak Nitrite | 3.09% |
| Tata Chemicals | 0.78% |
| Construction Project | 3.72% |
| KEC International | 2.62% |
| NCC | 1.09% |
| Auto Ancillaries | 3.55% |
| MRF | 1.70% |
| Minda Industries | 0.93% |
| Sandhar Technologies | 0.91% |
| Ferrous Metals | 3.29% |
| Jindal Steel & Power | 2.41% |
| Kirloskar Ferrous Industries | 0.86% |
| Tata Steel | 0.01% |
| Cement | 3.06% |
| The Ramco Cements | 1.57% |
| UltraTech Cement | 1.14% |
| Sagar Cements | 0.35% |
| Power | 1.44% |
| Kalpataru Power Transmission | 1.06% |
| Nava Bharat Ventures | 0.38% |
| Hotels, Resorts And Other Recreational Activities | 1.43% |
| The Indian Hotels Company | 1.03% |
| EIH | 0.40% |
| Construction | 1.37% |
| PSP Projects | 1.37% |
| Retailing | 1.29% |
| Future Retail | 0.62% |
| Future Lifestyle Fashions | 0.40% |
| Future Consumer | 0.27% |
| Transportation | 0.99% |
| VRL Logistics | 0.99% |
| Industrial Capital Goods | 0.48% |
| CG Power and Industrial Solutions | 0.32% |
| Texmaco Rail & Engineering | 0.16% |
| Preference Shares | 0.004% |
| Media & Entertainment | 0.004% |
| Zee Entertainment Enterprises | 0.004% |
| Net Cash and Cash Equivalent | 1.91% |
| Grand Total | 100.00% |
SECTOR ALLOCATION
RISKOMETER
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 advisors if in doubt about
whether the product is suitable for them.
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MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
 | Contact your Financial Advisor |
 | Call toll free 1800-2-6666-88 |
| Contact your Financial Advisor | Call toll free 1800-2-6666-88 |
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