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
Three key drivers of Equity markets are 1) Earnings 2)
Interest Rates and 3) Valuations.
Earnings - For the first time since the 2008 GFC, India
has seen 4 consecutive quarters where BSE200 2-year
Forward EPS has been upgraded. Sustained
momentum in earnings resulting in a cycle of earnings
upgrades can help drives markets higher.
Interest Rates - Interest Rates, both in India and
globally are trending upwards on account of higher
inflation and faster than expected economic recovery.
Higher interest rates are generally negative for
Valuations.
Valuation - Indian markets have significantly
outperformed global markets since the pandemic
bottom. The scope for valuation rerating driven market
move is limited.
FUND FEATURES : (Data as on 31st October'21)
Category: ELSS
Monthly Avg AUM: Rs3,564.23 Crores
Inception Date: 26th December 2008
Fund Manager:
Mr. Daylynn Pinto (w.e.f. 20/10/2016)
Other Parameters:
Beta: 1.16
R Square: 0.92
Standard Deviation (Annualized): 25.85%
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, IDCW@
- Payout and Sweep (from Equity
Schemes to Debt Schemes Only)
| PLAN | IDCW@ RECORD DATE | ₹/UNIT | NAV |
| REGULAR | 22-Jul-21 | 1.27 | 25.5500 |
| 27-Mar-19 | 0.37 | 16.7300 | |
| 27-Sep-18 | 0.48 | 16.8600 | |
| DIRECT | 22-Jul-21 | 1.60 | 32.1300 |
| 27-Mar-19 | 0.58 | 20.5000 | |
| 27-Sep-18 | 0.52 | 20.5200 |
Face Value per Unit (in ₹) is 10
Income Distribution cum capital withdrawal is not guaranteed and past performance may or may not be sustained in future. Pursuant to payment of Income Distribution cum capital withdrawal, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable).
| PORTFOLIO | (31 October 2021) |
| Name | % of NAV |
| Equity and Equity related Instruments | 97.99% |
| Banks | 20.42% |
| ICICI Bank | 8.44% |
| State Bank of India | 5.14% |
| HDFC Bank | 4.27% |
| Axis Bank | 2.00% |
| RBL Bank | 0.56% |
| Software | 13.72% |
| Infosys | 6.64% |
| HCL Technologies | 2.28% |
| Mastek | 1.96% |
| Tata Consultancy Services | 1.55% |
| Zensar Technologies | 1.25% |
| Birlasoft | 0.06% |
| Auto | 6.11% |
| Tata Motors | 3.85% |
| Mahindra & Mahindra | 2.26% |
| Cement & Cement Products | 5.36% |
| UltraTech Cement | 1.95% |
| The Ramco Cements | 1.52% |
| Nuvoco Vistas Corporation | 0.98% |
| Sagar Cements | 0.92% |
| Petroleum Products | 5.03% |
| Reliance Industries | 3.97% |
| Bharat Petroleum Corporation | 1.07% |
| Chemicals | 4.97% |
| Deepak Nitrite | 3.04% |
| Tata Chemicals | 1.92% |
| Industrial Products | 4.87% |
| Bharat Forge | 1.96% |
| Graphite India | 1.52% |
| Apollo Pipes | 1.38% |
| Consumer Durables | 4.70% |
| Greenpanel Industries | 2.64% |
| Voltas | 1.54% |
| Khadim India | 0.52% |
| Pharmaceuticals | 4.08% |
| Cipla | 1.93% |
| Aurobindo Pharma | 1.13% |
| Laurus Labs | 1.03% |
| Ferrous Metals | 4.08% |
| Jindal Steel & Power | 2.02% |
| Tata Steel | 1.12% |
| Kirloskar Ferrous Industries | 0.94% |
| Auto Ancillaries | 3.84% |
| Bosch | 1.59% |
| Minda Industries | 1.44% |
| Sandhar Technologies | 0.80% |
| Consumer Non Durables | 3.78% |
| United Spirits | 2.29% |
| Tata Consumer Products | 1.50% |
| Telecom - Services | 3.01% |
| Bharti Airtel | 3.01% |
| Leisure Services | 2.77% |
| The Indian Hotels Company | 1.43% |
| EIH | 1.34% |
| Power | 2.17% |
| KEC International | 2.17% |
| Finance | 2.05% |
| Poonawalla Fincorp | 1.13% |
| Mas Financial Services | 0.92% |
| Construction Project | 1.82% |
| NCC | 1.82% |
| Transportation | 1.75% |
| VRL Logistics | 1.75% |
| Industrial Capital Goods | 1.32% |
| CG Power and Industrial Solutions | 1.32% |
| Construction | 1.08% |
| PSP Projects | 1.08% |
| Insurance | 1.05% |
| ICICI Prudential Life Insurance Company | 1.05% |
| Preference Shares | 0.001% |
| Entertainment | 0.001% |
| Zee Entertainment Enterprises | 0.001% |
| Net Cash and Cash Equivalent | 2.01% |
| Grand Total | 100.00% |
SECTOR ALLOCATION
RISKOMETER
Scheme risk-o-meter
Benchmark risk-o-meter
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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