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

  • Regular
  • Direct
Category : ELSS
Fund House : IDFC Mutual Fund
  • NAV
    : ₹ 110.409 0.24%
    (as on 30th January, 2023)
Crisil Rank
Very good performance among peers
Risk-O-Meter
Very High

The fund has 93.09% investment in domestic equities of which 51.52% is in Large Cap stocks, 12.86% is in Mid Cap stocks, 20.83% 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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Returns (NAV as on 27th January, 2023)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 20-Jan-23 9716.20 -2.84% - -2.53% 45/59
1 Month 27-Dec-22 9766.70 -2.33% - -3.17% 14/58
3 Month 27-Oct-22 9795.50 -2.04% - -2.06% 17/58
6 Month 27-Jul-22 10596.90 5.97% - 5.92% 15/57
YTD 30-Dec-22 9719.50 -2.81% - -3.32% 18/60
1 Year 27-Jan-22 10385.10 3.85% 3.85% 3.30% 18/57
2 Year 27-Jan-21 15047.00 50.47% 22.67% 18.34% 15/57
3 Year 27-Jan-20 17932.90 79.33% 21.47% 17.36% 16/57
5 Year 25-Jan-18 17108.90 71.09% 11.32% 10.12% 15/47
10 Year 25-Jan-13 48772.50 387.73% 17.15% 14.77% 3/28
Since Inception 02-Jan-13 49220.90 392.21% 17.14% 13.92% 8/55

SIP Returns (NAV as on 27th January, 2023)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 27-Jan-22 12000 12411.84 3.43 % 6.38 %
2 Year 27-Jan-21 24000 26756.87 11.49 % 10.81 %
3 Year 27-Jan-20 36000 51056.06 41.82 % 24.02 %
5 Year 25-Jan-18 60000 95919.3 59.87 % 18.81 %
10 Year 25-Jan-13 120000 292059.28 143.38 % 16.94 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st Dec,2022)

Portfolio Turnover Ratio : 14.00%  |   Category average turnover ratio is 48.55%  
Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 93.09% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 93.09%
No of Stocks : 48 (Category Avg - 47.22) | Large Cap Investments : 51.52%| Mid Cap Investments : 12.86% | Small Cap Investments : 20.83% | Other : 7.88%

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 3385.2 8.41% -0.44% 8.85% (Nov 2022) 7.27% (Mar 2022) 38.00 L 0.00
State Bank Of India Banks 2148 5.34% 0.19% 5.41% (Jan 2022) 4.59% (May 2022) 35.00 L 0.00
Infosys Ltd. Computers - software 2036.1 5.06% -0.34% 7.18% (Mar 2022) 5.06% (Dec 2022) 13.50 L 0.00
HDFC Bank Ltd. Banks 1709.6 4.25% 0.12% 4.25% (Dec 2022) 3.76% (Mar 2022) 10.50 L 0.00
Reliance Industries Ltd. Refineries/marketing 1528.3 3.80% 0.13% 4.2% (Jun 2022) 3.43% (Sep 2022) 6.00 L 50.00 k
Axis Bank Ltd. Banks 1307.3 3.25% 0.17% 3.25% (Dec 2022) 2.3% (May 2022) 14.00 L 0.00
Bharti Airtel Ltd. Telecom - services 1128.5 2.80% -0.10% 2.94% (Sep 2022) 2.57% (Jul 2022) 14.00 L 0.00
Tata Motors Ltd. Passenger/utility vehicles 1008.7 2.51% -0.28% 4.05% (Jan 2022) 2.51% (Dec 2022) 26.00 L 0.00
Mahindra & Mahindra Ltd. Passenger/utility vehicles 999.4 2.48% -0.07% 3.06% (Aug 2022) 1.95% (Mar 2022) 8.00 L 0.00
Jindal Steel & Power Ltd. Steel 987 2.45% 0.16% 2.58% (Mar 2022) 1.74% (Jun 2022) 17.00 L -0.50 L
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
TREPS TREPS 7.62%
Margin Margin 0.05%
Net Receivables Net Receivables -0.76%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 30th December, 2022)

  • Standard Deviation

    High volatility
    21.52vs20.47
    Category Avg
  • Beta

    High volatility
    0.96vs0.89
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.75vs0.6
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.17vs0.14
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    4.59vs2.34
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Baroda BNP Paribas ELSS Fund - Direct Plan - Growth (Adjusted NAV) NA 681.38 -3.13 66.16 70.45 66.33 34.79
Sundaram Tax Saving Fund - Direct Plan - Growth (Adjusted NAV) NA 965.02 -2.28 11.27 17.20 17.00 22.59
HDFC Tax Saver Fund - Direct Plan - Growth 5 9992.81 -2.12 -0.70 6.44 10.71 16.65
Parag Parikh Tax Saver Fund - Direct Plan - Growth 5 941.56 0.52 -0.60 8.10 8.90 23.84
Quantum Tax Saving Fund - Direct Plan - Growth 3 115.49 -1.25 1.02 4.68 6.66 15.09
Taurus Taxshield - Direct Plan - Growth 2 62.54 -0.84 0.66 7.28 6.22 13.35
SBI Long Term Equity Fund - Direct Plan - Growth 4 11923.53 -2.44 -0.73 5.57 5.99 17.05
Quant Tax Plan - Direct Plan - Growth 5 2506.48 -7.18 -6.57 3.33 5.91 36.43
Kotak Tax Saver Fund - Direct Plan - Growth 4 3161.09 -3.82 -1.83 4.03 5.31 16.36
Tata India Tax Savings Fund - Direct Plan - Growth 3 3192.07 -3.45 -1.82 3.49 4.24 15.54

More Funds from IDFC Mutual Fund

Out of 47 mutual fund schemes offered by this AMC, 3 is/are ranked 5 * , 3 is/are ranked 4 * , 9 is/are ranked 3 * , 4 is/are ranked 2 * , 4 is/are ranked 1 * , and 24 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 3 15405.13 0.51 1.67 2.67 3.22 6.15
IDFC Banking & PSU Debt Fund - Direct Plan - Growth 5 14408.41 0.51 1.63 2.83 4.12 6.10
IDFC Cash Fund - Direct Plan - Growth 4 11163.20 0.55 1.65 3.07 5.13 4.13
IDFC Bond Fund - Short Term - Direct Plan - Growth 5 9520.30 0.60 1.95 2.85 3.85 5.66
IDFC CRISIL IBX Gilt June 2027 Index Fund - Direct Plan - Growth NA 7494.35 0.60 2.18 3.05 2.98 0.00
IDFC Low Duration Fund - Direct Plan - Growth 2 6036.17 0.56 1.74 2.91 4.56 5.01
IDFC Flexi Cap Fund - Direct Plan - Growth 3 5804.09 -3.94 -4.51 2.58 -1.52 10.73
IDFC Sterling Value Fund - Direct Plan - Growth 4 5177.99 -1.77 -1.73 5.71 3.77 23.05
IDFC Tax Advantage (ELSS) Fund - Direct Plan - Growth 5 4025.95 -2.33 -2.04 5.97 3.85 21.47
IDFC Ultra Short Term Fund - Direct Plan - Growth 4 3935.34 0.55 1.69 2.95 4.81 4.61

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