Rating : ★ ★ ★ ☆ ☆

Indiabulls Tax Savings Direct Growth

Equity

  

ELSS Fund

NAV

11.93-0.33

(as on 26 Feb, 2021)

RETURNS

5.57 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

1%

Asset Size

64.84 Cr.

(As of 31 Jan, 2021)

Benchmark

S&P BSE 500 India TR INR

Riskometer

Investors understand that their principal will be at Very High Risk.

Objective

The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equityrelated Securities. The scheme shall offer tax benefits under Section 80C of the Income Tax Act. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

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Fund manager

Sumit Bhatnagar

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

Indiabulls Nifty50 ETF

7.00%

HDFC Bank Ltd

6.00%

Reliance Industries Ltd Ordinary Shares

5.44%

ICICI Bank Ltd Ordinary Shares

4.97%

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.

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Overview of Indiabulls Asset Management Company Ltd

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