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

  • Regular
  • Direct
Category : ELSS
Fund House : IDFC Mutual Fund
  • NAV
    : ₹ 60.26 -0.3%
    (as on 24th June, 2019)
Crisil Rank
Average performance among peers
Risk-O-Meter
Moderately High

Fund has 97.03% investment in indian stocks of which 48.45% is in large cap stocks, 17.49% is in mid cap stocks, 30.46% 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 24th June, 2019)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 17-Jun-19 10048.36 0.48% - 0.27% 25/64
1 Month 24-May-19 9843.19 -1.57% - -1.68% 40/64
3 Month 22-Mar-19 10143.07 1.43% - 1.00% 31/64
6 Month 24-Dec-18 10616.63 6.17% - 5.42% 29/63
YTD 01-Apr-19 9848.01 -1.52% - -0.88% 35/64
1 Year 22-Jun-18 10011.05 0.11% 0.11% 0.77% 40/60
2 Year 23-Jun-17 11645.25 16.45% 7.90% 5.45% 15/51
3 Year 24-Jun-16 15263.70 52.64% 15.14% 12.68% 7/45
5 Year 24-Jun-14 19856.20 98.56% 14.70% 12.12% 7/33
10 Year - - - - 14.98% -/-
Since Inception 02-Jan-13 26928.83 169.29% 16.53% - -/-

SIP Returns (NAV as on 24th Jun,2019)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 year 24-Jun-18 12000 12463.69 3.86 % 7.23 %
2 years 24-Jun-17 24000 24829.55 3.46 % 3.31 %
3 years 24-Jun-16 36000 41408.83 15.02 % 9.31 %
5 years 24-Jun-14 60000 80327.35 33.88 % 11.62 %
 

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 May,2019)

Portfolio Turnover Ratio : 45.00%  |   Category average turnover ratio is 101.94%  
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 : 97.03% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 97.03%
No of Stocks : 73 (Category Avg - 44.48) | Large Cap Investments : 48.45%| Mid Cap Investments : 17.49% | Small Cap Investments : 30.46% | Other : 0.63%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Cr) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
ICICI Bank Ltd. Banks 1419.4 6.88% 0.45% 3.34% (Jun 2018) 3.34% (Jun 2018) 33.50 L 2.00 L
State Bank Of India Banks 951.8 4.61% 0.57% 1.4% (Oct 2018) 0% (Jun 2018) 27.00 L 1.00 L
HDFC Bank Ltd. Banks 848.9 4.11% 0.05% 4.06% (Apr 2019) 4.06% (Apr 2019) 3.50 L 0.00
Axis Bank Ltd. Banks 848.7 4.11% 0.56% 0.98% (Jul 2018) 0.98% (Jul 2018) 10.50 L 1.25 L
Reliance Industries Ltd. Refineries/marketing 731.6 3.55% -0.29% 2.18% (Jul 2018) 0% (Jun 2018) 5.50 L 0.00
Infosys Ltd. Computers - software 590.2 2.86% -0.15% 2.57% (Jun 2018) 2.57% (Jun 2018) 8.00 L 0.00
Future Retail Ltd. Retailing 577.8 2.80% 0.15% 2.42% (Jul 2018) 2.42% (Jul 2018) 12.85 L 25.00 k
RBL Bank Ltd. Banks 567.1 2.75% -0.06% 2.6% (Nov 2018) 2.6% (Nov 2018) 8.25 L 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 467.3 2.27% 0.78% 1.49% (Apr 2019) 0% (Jun 2018) 3.00 L 80.00 k
KEC International Ltd. Engineering, designing, construction 416.1 2.02% 0.30% 1.35% (Jan 2019) 1.35% (Jan 2019) 13.00 L 1.00 L
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
Reverse Repo Reverse Repo 3.10%
Call Call 0.00%
Net Receivables Net Receivables -0.13%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st May, 2019)

  • Standard Deviation

    High volatility
    14.04vs9.47
    Category Avg
  • Beta

    High volatility
    1.03vs0.67
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.64vs0.34
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.09vs0.05
    Category Avg
  • Jension's Alpha

    Better risk adjusted returns
    1.61vs-0.27
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Kotak Tax Saver Scheme - Direct Plan - Growth 4 934.61 -0.26 4.53 10.98 11.76 15.49
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 2111.58 -0.10 3.28 9.49 10.97 20.91
Canara Robeco Equity Tax Saver - Direct Plan - Growth 5 982.77 -1.35 3.30 9.81 10.54 15.12
Tata India Tax Savings Fund - Direct Plan - Growth NA 1873.40 0.20 4.24 12.60 9.14 15.44
DSP Tax Saver Fund - Direct Plan - Growth 3 5642.77 -1.31 2.39 10.27 7.96 14.41
ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan - Growth 4 6424.90 -1.16 2.40 7.53 7.10 12.75
JM Tax Gain Fund - (Direct) - Growth 3 32.67 0.09 3.93 10.11 6.37 16.63
BNP Paribas Long Term Equity Fund - Direct Plan - Growth 2 476.90 0.04 4.07 9.32 6.04 10.89
LIC MF Tax Plan 1997 - Direct Plan - Growth 4 227.18 0.00 2.88 5.10 5.90 13.83
DHFL Pramerica Tax Plan - Direct Plan - Growth NA 34.69 -0.43 3.58 10.34 5.83 14.37

More Funds from IDFC Mutual Fund

Out of 54 mutual fund schemes offered by this AMC, 6 is/are ranked 5 * , 6 is/are ranked 4 * , 5 is/are ranked 3 * , 2 is/are ranked 2 * , 2 is/are ranked 1 * , and 33 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 5 16068.39 0.77 2.15 4.69 8.93 8.00
IDFC Cash Fund - Direct Plan - Growth 5 13184.54 0.57 1.80 3.53 7.38 7.09
IDFC Bond Fund - Short Term - Direct Plan - Growth 5 7525.17 1.07 2.31 5.14 9.74 7.84
IDFC Banking & PSU Debt Fund - Direct Plan - Growth 4 6125.90 1.44 2.61 5.91 11.02 7.62
IDFC Multi Cap Fund - Direct Plan - Growth 1 5573.23 1.19 0.58 4.05 -0.04 9.05
IDFC Arbitrage Fund - Direct Plan - Growth 4 4642.56 0.61 2.07 3.57 7.30 6.85
IDFC Low Duration Fund - Direct Plan - Growth 5 3571.35 0.78 2.14 4.33 8.54 7.83
IDFC Sterling Value Fund - Direct Plan - Growth 3 3310.39 0.51 -1.75 -0.17 -5.98 13.75
IDFC Core Equity Fund - Direct Plan - Growth 3 3015.18 1.38 0.19 2.71 1.35 13.19
IDFC Ultra Short Term Fund - Direct Plan - Growth NA 2548.90 0.73 2.18 4.32 0.00 0.00

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