Rating : ★ ★ ★ ★ ☆
IDFC Tax Advantage (ELSS) Fund Direct Plan Payout of Income Distribution cum cptl Wdrl opt
 ÂELSS Fund
Fund Type
Open Ended
Investment Plan
Dividend Payout
Expense Ratio
1%
Asset Size
3532.70 Cr.
(As of 31 Dec, 2021)
Benchmark
S&P BSE 200 India TR INR
Riskometer
Investors understand that their principal will be at Very High Risk.
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.
 
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
7.88%
Infosys Ltd
7.15%
State Bank of India
4.94%
HDFC Bank Ltd
4.23%
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 4 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.