IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Category : ELSS

Fund House : IDFC Mutual Fund

NAV

This number shows latest NAV (Net Asset Value) and change in the NAV from previous day. NAV is nothing but the unit price for the fund. You will be allocated number of units based on this price. NAV is declared once each day generally at the end of the day. Once you invest in mutual funds, your money is further invested in stocks and bonds by mutual fund managers. Mutual Fund NAV is the per unit latest value of all such stocks/bonds held in the portfolio

: ₹ 93.71 -0.19%
(as on 14th June, 2021)

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Crisil Rank

Above average performance among peers

Fund Size

: ₹ 3271.32 Cr

(2.45% of Investment in Category)

Expense Ratio

: 0.9%

(1% Category average)

Risk-O-Meter

Very High

ELSS :ELSS : Fund has 98.36% investment in indian stocks of which 49.16% is in large cap stocks, 14.05% is in mid cap stocks, 28.06% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

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This Scheme

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Benchmark
S&P BSE 200 TRI

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NA
9.02%

9.25%

24.47%

70.56%

20.98%

16%

15.61%

NA
Gold

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Returns Calculator
SIP Calculator
VIP (Value Avg)

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Annualised Returns

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Returns (NAV as on 14th June, 2021)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	07-Jun-21	10093.70	0.94%	-	0.63%	18/63
1 Month	14-May-21	10948.70	9.49%	-	9.02%	20/63
3 Month	12-Mar-21	11167.90	11.68%	-	9.25%	11/63
6 Month	14-Dec-20	13446.70	34.47%	-	24.47%	8/63
YTD	01-Jan-21	13015.30	30.15%	-	21.18%	8/63
1 Year	12-Jun-20	19101.10	91.01%	90.34%	70.56%	9/63
2 Year	14-Jun-19	15425.50	54.25%	24.16%	20.98%	12/61
3 Year	14-Jun-18	15332.00	53.32%	15.29%	13.44%	17/57
5 Year	14-Jun-16	23570.80	135.71%	18.70%	16.00%	6/42
Since Inception	02-Jan-13	41876.90	318.77%	18.46%	15.61%	11/57

Returns Calculator Detailed Returns Analysis

SIP Returns (NAV as on 14th June, 2021)

Period Invested for	₹1000 SIP Started on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	12-Jun-20	12000	17040.35	42 %	85.86 %
2 Year	14-Jun-19	24000	37788	57.45 %	50.62 %
3 Year	14-Jun-18	36000	57147.45	58.74 %	32.41 %
5 Year	14-Jun-16	60000	102153.4	70.26 %	21.42 %

SIP Calculator Detailed Returns Analysis

Tax Treatment

Portfolio (Updated on 31st May,2021)

Portfolio Turnover Ratio : 37.00% | Category average turnover ratio is 1.19%

Fund manager updated portfolio more frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for shorter duration than peers)

Equity Holding : 98.36% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 98.36%

No of Stocks : 54 (Category Avg - 46.94) | Large Cap Investments : 49.16%| Mid Cap Investments : 14.05% | Small Cap Investments : 28.06% | Other : 7.09%

Top 10 Stocks in Portfolio

How to read this table?

Stock Invested in	Sector	Value(Mn)	% of Total Holdings	1M Change	1Y Highest Holding	1Y Lowest Holding	Quantity	1M Change in Qty
ICICI Bank Ltd.	Banks	2385.9	7.29%	0.25%	7.29% (May 2021)	5.73% (Sep 2020)	36.00 L	0.00
Infosys Ltd.	Computers - software	1951.3	5.96%	-0.22%	6.56% (Dec 2020)	4.6% (Jun 2020)	14.00 L	0.00
State Bank Of India	Banks	1527.7	4.67%	0.87%	4.67% (May 2021)	0.93% (Jun 2020)	36.00 L	3.00 L
HDFC Bank Ltd.	Banks	1440.1	4.40%	0.03%	4.72% (Jun 2020)	3.87% (Sep 2020)	9.50 L	0.00
Reliance Industries Ltd.	Refineries/marketing	1188.2	3.63%	0.06%	5.52% (Sep 2020)	3.57% (Apr 2021)	5.50 L	0.00
Deepak Nitrite Ltd.	Chemicals - speciality	1160.5	3.55%	-0.58%	4.43% (Mar 2021)	2.68% (Jun 2020)	6.50 L	-0.30 L
Tata Motors Ltd.	Passenger/utility vehicles	956.3	2.92%	0.05%	3.26% (Feb 2021)	1.07% (Jun 2020)	30.00 L	0.00
Bharti Airtel Ltd.	Telecom - services	909.3	2.78%	-0.19%	4.37% (Jun 2020)	2.78% (May 2021)	17.00 L	0.00
NCC Ltd.	Engineering, designing, construction	752.8	2.30%	0.04%	2.77% (Feb 2021)	0.8% (Jul 2020)	93.00 L	0.00
Graphite India Ltd.	Electrodes	745.7	2.28%	-0.15%	2.43% (Apr 2021)	0.4% (Jul 2020)	10.00 L	-0.16 L

- indicates change in weight in the portfolio. # indicates a new entry.

Detailed Portfolio Analysis

Name	Type of Instrument	Weight (%)
TREPS	TREPS	1.74%
Margin	Margin	0.02%
Net Receivables	Net Receivables	-0.12%

Detailed Portfolio Analysis

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st May, 2021)

Standard Deviation
Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

20.5vs19.07

Category Avg
Beta
Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

High volatility

0.93vs0.84

Category Avg
Sharpe Ratio
Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.52vs0.46

Category Avg
Treynor's Ratio
Treynor's ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund's returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor's ratio of 1.40 and fund B has a Treynor's ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Better risk adjusted returns

0.12vs0.1

Category Avg
Jension's Alpha
Alpha indicates how fund generated additional returns compared to a benchmark. Let's say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.

Better risk adjusted returns

0.45vs0.25

Category Avg

Alternative Funds (Category Peers)

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Quant Tax Plan - Direct Plan - Growth	5	203.59	6.97	24.78	47.87	128.05	30.65
BOI AXA Tax Advantage Fund - Direct Plan - Growth	5	453.28	9.31	10.65	26.74	77.13	17.82
Mirae Asset Tax Saver Fund - Direct Plan - Growth	5	7939.53	8.56	7.97	24.77	76.87	21.21
Franklin India Taxshield Fund - Direct - Growth	3	4635.75	9.81	7.45	24.74	71.10	12.30
DSP Tax Saver Fund - Direct Plan - Growth	4	8746.70	8.09	10.33	26.35	70.53	18.01
Canara Robeco Equity Tax Saver - Direct Plan - Growth	5	2226.66	8.82	7.18	24.08	70.11	20.46
Mahindra Manulife ELSS Kar Bachat Yojana - Direct Plan - Growth	3	371.75	10.00	8.70	27.43	69.52	14.41
PGIM India Long Term Equity Fund - Direct Plan - Growth	3	367.13	8.19	11.06	24.86	69.06	15.77
Nippon India Tax Saver Fund - Direct Plan - Growth	1	11667.38	7.70	6.75	25.96	68.96	6.59
JM Tax Gain Fund - (Direct) - Growth	4	55.98	9.20	6.03	20.19	68.52	15.79

Detailed Comparison

More Funds from IDFC Mutual Fund

Out of 50 mutual fund schemes offered by this AMC, 5 is/are ranked 5 * , 5 is/are ranked 4 * , 9 is/are ranked 3 * , 4 is/are ranked 2 * , and 27 schemes are not ranked. See more about AMC

Scheme Name	Crisil Rank	Asset Size (Cr)	1M	3M	6M	1Y	3Y
IDFC Corporate Bond Fund - Direct Plan - Growth	4	20977.98	0.73	2.74	2.25	8.08	9.16
IDFC Banking & PSU Debt Fund - Direct Plan - Growth	4	18546.83	0.57	2.11	2.09	7.06	10.08
IDFC Bond Fund - Short Term - Direct Plan - Growth	3	13775.79	0.52	2.14	1.98	6.63	9.12
IDFC Low Duration Fund - Direct Plan - Growth	3	9574.82	0.38	1.39	1.95	5.18	7.35
IDFC Cash Fund - Direct Plan - Growth	4	9325.83	0.28	0.83	1.58	3.21	5.34
IDFC Arbitrage Fund - Direct Plan - Growth	3	7125.61	0.44	1.31	2.21	3.98	5.79
IDFC Ultra Short Term Fund - Direct Plan - Growth	5	5929.02	0.30	0.99	1.70	3.88	0.00
IDFC Flexi Cap Fund - Direct Plan - Growth	2	5534.33	7.94	6.85	17.54	54.74	9.47
IDFC Bond Fund - Medium Term Plan - Direct Plan - Growth	5	4527.96	0.58	2.78	1.45	6.00	9.26
IDFC Dynamic Bond Fund - Direct Plan - Growth	5	3857.38	0.65	3.33	1.09	5.23	11.07