Rating : ★ ★ ★ ☆ ☆

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

Equity

  

ELSS Fund

NAV

59.93 +0.08

(as on 18 Sep, 2020)

RETURNS

1.58 %

Fund Type

Open Ended

Investment Plan

Growth

Investment Plan

1%

Benchmark

S&P BSE 200 India TR INR

Asset Size

2210.75 Cr.

(As of 31 Aug, 2020)

Risk

Moderately High

Objective

The investment objective of the Scheme is to seek to generate long term capital growth from a diversified portfolio of predominantly equity and equity related securities. There can be no assurance that the investment objective of the scheme will be realised.

app screenshotapp screenshot

Google play store download image Apple app store download image

Fund manager

Daylynn Pinto

Exit load

N / A

Minimum sip

₹500

Minimum investment

₹500

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

ICICI Bank Ltd

6.96%

Reliance Industries Ltd

5.18%

Infosys Ltd

5.04%

HDFC Bank Ltd

4.04%

Sector Allocation

About the Scheme Type

ELSS or Equity Linked Saving Schemes can help you with a two-fold benefit of saving your taxes and growing your money. ELSSare open-ended Equity Mutual Funds, investments in which qualify for tax exemptions under section 80C of the Income Tax Act of 1961. The scheme invests at least 80% of its total assets in equity and equity-linked instruments and comes with a mandatory lock-in period of 3 years. Returns from ELSS investments over and above 1 lac rupees are subject to LTCG (Long-Term Capital Gains) Tax at 10%.Given that these funds are passively managed, it also reduces the expense ratio and other fees making them cost efficient.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

★ ★ ★ ☆ ☆

Overview of IDFC Asset Management Company Limited

IDFC Asset Management Company Limited finds its roots back to 2000 when it was established and which has since gone on to become one of the largest fund houses in India (in terms of AUM). The IDFC Mutual Fund provides its services to institutional and retail investors and has developed a robust network to deliver consistent value to its investors across India. The IDFC Fund manages equity, fixed income, and balanced mutual funds for its clients and invests in public equity and fixed income markets of India. The firm obtains external research to complement its in- house research. IDFC Asset Management Company Limited operates as a subsidiary of IDFC Financial Holding Company Limited.