HDFC ELSS TaxSaver Fund Direct Growth

HDFC ELSS TaxSaver Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 06-12-2024

₹ 1469.86

0.5%

1D

Inception Returns

16.1%

/yr

About HDFC ELSS TaxSaver Fund Direct Growth

HDFC ELSS TaxSaver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Roshi Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. HDFC ELSS TaxSaver Fund Direct Growth has ₹15935 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

HDFC ELSS TaxSaver Fund Direct Growth has given a CAGR return of 16.15% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 30.72%, 23.76% and 22.41% respectively.

Holdings

HDFC ELSS TaxSaver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Consumer Cyclical, Tech, Communication, Industrial, Government, Basic Materials, Real Estate, Utilities, Consumer Defensive, Energy. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Cipla Ltd, Bharti Airtel Ltd

Taxation

As it is a elss (tax savings) mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of HDFC ELSS TaxSaver Fund Direct Growth

To generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments. There is no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for HDFC ELSS TaxSaver Fund Direct Growth of 3 Years

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
6675 people have invested ₹ 3.5Cr in HDFC ELSS TaxSaver Fund Direct Growth in the last three months

INDmoney Rank for HDFC ELSS TaxSaver Fund Direct Growth

Powered by IND quant engine
7
/23
65% Performance
55% Risk Management
3% Cost
7 out of 23 among elss (tax savings)
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Larger AUM within category
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3Y returns in the top 25% of the category
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Beats FD returns for both 3Y & 5Y
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No bad points found for this fund.

HDFC ELSS TaxSaver Fund Direct Growth Overview

Expense ratio1.09%
Benchmark
S&P BSE 200 India TR INR
AUM₹15935 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
34.54%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (06-Dec-24)

Period
HDFC ELSS TaxSaver Fund Direct Growth
Nifty 500
elss (tax savings)
1M
1.4%
1.2%
2.8%
3M
-0.8%
-0.7%
-0.9%
6M
11.1%
9.1%
12.9%
1Y
30.7%
24.8%
28.5%
3Y
23.8%
16.8%
18.3%
5Y
22.4%
19.2%
20.5%

Fund Distribution

as on (31-Oct-24)

  • Equity 92.4%

  • Debt & Cash 7.6%

Large cap
76%

Small cap
9.5%

Mid cap
5.6%

Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
45.5%
Health
13.3%
Consumer Cyclical
12.9%
Tech
8.9%
Communication
6.1%
Industrial
5.4%
Basic Materials
3.1%
Real Estate
1.6%
Utilities
1.4%
Consumer Defensive
1.1%
Energy
0.6%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-4.85%
2.30%
1.99%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -4.85% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund outperformed Nifty 500 by 1.67% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 15.9K Cr
₹ 16.8K Cr
₹ 16.4K Cr
  • AUM of the fund stands at 15.9K Cr as of Oct'24
  • AUM decreased by 825.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 9.8% to 10.46%
ICICI Bank Ltd's allocation increased from 9.8% to 10.46%
HDFC Bank Ltd's allocation increased from 9.61% to 10.13%
HDFC Bank Ltd's allocation increased from 9.61% to 10.13%
State Bank of India's allocation increased from 2.59% to 2.83%
State Bank of India's allocation increased from 2.59% to 2.83%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 8.09 % to 8 %
Axis Bank Ltd's allocation decreased from 8.09 % to 8 %
Cipla Ltd's allocation decreased from 5.33 % to 5.26 %
Cipla Ltd's allocation decreased from 5.33 % to 5.26 %
Bharti Airtel Ltd's allocation decreased from 5.41 % to 5.06 %
Bharti Airtel Ltd's allocation decreased from 5.41 % to 5.06 %
Large Cap allocation has gone down from 77.9% to 76%
Large Cap allocation has gone down from 77.9% to 76%
Small Cap allocation has gone up from 8.6% to 9.5%
Small Cap allocation has gone up from 8.6% to 9.5%
Mid Cap allocation has gone down from 6% to 5.6%
Mid Cap allocation has gone down from 6% to 5.6%
Cash allocation has gone up from 7.2% to 7.3%
Cash allocation has gone up from 7.2% to 7.3%
Debt allocation has gone up from 0.3% to 0.3%
Debt allocation has gone up from 0.3% to 0.3%

Top 3 Sectors in October were Financial Services, Health & Consumer Cyclical

Oct'24
Financial Services
46%
Health
13%
Consumer Cyclical
13%
Sep'24
Financial Services
44%
Health
14%
Consumer Cyclical
13%
  • Gainers

  • Losers

Fund
Oct'24
Sep'24
Aug'24
No of Holdings
53
49
47
Top 5 Company Concentration
38.9%
38.3%
37.6%
Company having highest exposure
ICICI Bank Ltd (10.5%)
ICICI Bank Ltd (9.8%)
ICICI Bank Ltd (9.7%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
86.9%
87.8%
88%
Sector having highest exposure
Financial Services (45.5%)
Financial Services (44.2%)
Financial Services (44.1%)
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Roshi Jain
Roshi Jain
Fund Manager of HDFC ELSS TaxSaver Fund Direct Growth, since 13 January 2022
Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.1L Cr
as on 31-Oct-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com

Mutual Fund Insights

Insights icon
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.09% which is lower than the category average expense ratio of 1.29%.
Insights icon
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 33.58% return, outperforming this fund by 11.17% per annum.
Insights icon
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 29.44% return, outperforming this fund by 5.68% per annum.
Insights icon
Over the last 6 months, this fund has decreased expense ratio by 4.4% moving from 1.14 to 1.09.
Insights icon
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 55.57% return, outperforming this fund by 24.85%.
Insights icon
Over the last 1 month, this fund has experienced a 4.9% drop in AUM moving from 16.76K Cr to 15.93K Cr.

HDFC ELSS TaxSaver Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.15% since inception which is more than its category average return of 16.15%
Fund Allocations

Fund Allocations

This fund has an allocation of 92.39% in Equity, 0.32% in Debt and 7.29% in Cash related instruments
AUM size ₹15935 Cr

AUM size ₹15935 Cr

This fund has AUM of ₹15935 Cr which is more than its category average of ₹ 3989 Cr
Expense Ratio 1.09%

Expense Ratio 1.09%

This fund has an expense ratio of 1.09% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions for HDFC ELSS TaxSaver Fund Direct Growth

The current NAV of HDFC ELSS TaxSaver Fund Direct Growth is ₹1469.86 as on 06-Dec-2024.
Existing (Absolute + CAGR) as on 06-Dec-2024.
HDFC ELSS TaxSaver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.37%
1.37%
6 Month Returns
11.07%
11.07%
1 Year Returns
30.72%
30.72%
3 Years Returns
89.56%
23.76%
5 Years Returns
174.85%
22.41%
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1.09% as on November 2024
₹15935 Cr as on November 2024
ICICI Bank Ltd(10.46%), HDFC Bank Ltd(10.13%), Axis Bank Ltd(8%), Cipla Ltd(5.26%), Bharti Airtel Ltd(5.06%) as on November 2024
Financial Services(42.08%), Health(12.33%), Consumer Cyclical(11.93%) as on November 2024
The alpha ratio for the HDFC ELSS TaxSaver Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HDFC ELSS TaxSaver Fund Direct Growth
7.43
6.78
2.62
As on November 2024
The alpha for HDFC ELSS TaxSaver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HDFC ELSS TaxSaver Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HDFC ELSS TaxSaver Fund Direct Growth
0.84
0.86
0.94
As on November 2024
The Beta for HDFC ELSS TaxSaver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HDFC ELSS TaxSaver Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
HDFC ELSS TaxSaver Fund Direct Growth
2.11
1.33
0.89
As on November 2024
The sharpe ratio for HDFC ELSS TaxSaver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HDFC ELSS TaxSaver Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
HDFC ELSS TaxSaver Fund Direct Growth
10.83
12
18.37
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.63 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.97 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Roshi Jain is the fund manager of HDFC ELSS TaxSaver Fund Direct Growth
The Exit load of HDFC ELSS TaxSaver Fund Direct Growth is 0%