IDFC Tax Advantage (ELSS) Fund - Direct Plan

Scheme Type
Open-ended
Scheme Category
Tax Planning
Benchmark Type
S&P BSE 200
Scheme AUM (in Crs.)
₹ 1527.65
Expense Ratio
1.16%
Scheme Class
Equity
AMC AUM (in Crs.)
₹ 69483
Min Subscription
₹ 500
Min Addition Subscription
₹ 500
Performance
Comparison
Portfolio
Details
Analysis
56.82
(-0.05 %)
NAV as on 2018-11-16
Returns
Fund
IDFC Tax Advantage (ELSS) Fund - Direct Plan
1 Year
-3.01%
3 Year
14.19%
5 Year
18.76%
AMC Details
amc launch date
Launch Date
13 Mar 2000
amc sponsor
Sponsor
NA
amc email
Email
investormf@idfc.com
amc phone
Phone
022 - 66289999
amc address
Address
OneIndiaBulls Centre, 841 Jupiter Mills Compound, Senapati Bapat Marg, Elphinstone Road West, Mumbai 400013
Tax Implications
Short Term Capital Gain (Holding period < 12months):
17.16% - 17.94%
(15% + Surcharge @ 10%-15% + 4% Health & Education Cess.)
Long Term Capital Gain:
10% without indexation & without foreign currency conversion benefit + Surcharge @10%-15% + 4% Health & Education Cess
Taxation on Dividends:
10%
(Dividend Distribution Tax is paid by the mutual funds and not by investors.)
Risk
Moderately High
Exit Load
N.A.
Scheme Information Document (SID)
Read mutual fund scheme information document on AMC website to know fund information in detail.
Objective
The scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.
Suitability
This product is suitable for investors who are seeking
• Create wealth over a long period of time
• Investment predominantly in equity and equity related securities
Fund Analysis
The fund has been delivering returns in line with its top peers. The fund has almost an equal allocation in large and midandsmall cap category with small cap comprising to almost 20%. Though this has resulted in improving the performance of fund, the risk profile and recent fund manager changes are a concern. Never the less a strong AMC fund mandate, less churning in the portfolio and a scalable AMU size might prove to be a positive for the fund.
SIP/Lump Sum Calculator
Enter Investment Amount
For how many years?
0.5 Yrs
1,000
Investment per month for 0.5 Years
5,948
Portfolio Value
-52
Total Returns