HDFC ELSS TaxSaver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
HDFC ELSS TaxSaver Fund Direct Growth

About the Fund

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 ₹15674 Cr worth of assets under management (AUM) as on Jun 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 16.49% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 47.36%, 27.28% and 22.17% respectively.

Holdings

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

Fund Performance
zero opening, trading, fund transfer fee
5761 people have invested ₹ 3.7Cr in HDFC ELSS TaxSaver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
6
/23
68% Performance
53% Risk Management
0% Cost
6 out of 23 among elss (tax savings)
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Lower probablity of downside risk
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Recovers losses quickly
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3Y returns in the top 25% of the category
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No bad points found for this fund.

Fund Overview

Expense ratio1.09%
Benchmark
S&P BSE 200 India TR INR
AUM₹15674 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
22.05%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 92.2%

  • Debt & Cash 7.8%

Large cap
77.6%

Mid cap
7.5%

Small cap
7.1%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
45%
Health
13.4%
Tech
11.3%
Consumer Cyclical
10.1%
Industrial
6.7%
Communication
6%
Real Estate
2.5%
Utilities
2.1%
Energy
1.1%
Consumer Defensive
1%
Basic Materials
0.8%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Roshi Jain
Roshi Jain
Fund Manager of HDFC ELSS TaxSaver Fund Direct Growth, since 13 January 2022

Mutual Fund Insights

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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 1.27%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.48% return, outperforming this fund by 14.32% per annum.
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Over the last 6 months, this fund has decreased expense ratio by 5.2% moving from 1.15 to 1.09.
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Over the last 6 months, this fund has experienced a 19.8% growth in AUM moving from 13.08K Cr to 15.67K Cr.
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In the last 1 year, Bank of India ELSS Tax Saver Fund Direct Plan Growth has given 55.55% return, outperforming this fund by 8.19%.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.25% return, outperforming this fund by 0.97% per annum.

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 16.49% since inception which is less than its category average return of 16.61%
Fund Allocations

Fund Allocations

This fund has an allocation of 92.17% in Equity, 0.32% in Debt and 7.51% in Cash related instruments
AUM size ₹15674 Cr

AUM size ₹15674 Cr

This fund has AUM of ₹15674 Cr which is more than its category average of ₹ 3925 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

The current NAV of HDFC ELSS TaxSaver Fund Direct Growth is ₹1437.12 as on 22-Jul-2024.
Existing (Absolute + CAGR) as on 22-Jul-2024.
HDFC ELSS TaxSaver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.19%
3.19%
6 Month Returns
21.62%
21.62%
1 Year Returns
47.36%
47.36%
3 Years Returns
106.21%
27.28%
5 Years Returns
172.15%
22.17%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.09% as on June 2024
₹15674 Cr as on June 2024
HDFC Bank Ltd(9.99%), ICICI Bank Ltd(9.87%), Axis Bank Ltd(8.07%), Cipla Ltd(5.1%), Bharti Airtel Ltd(4.88%) as on June 2024
Financial Services(41.45%), Health(12.35%), Tech(10.43%) as on June 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
9.05
7.85
1.11
As on June 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
0.89
0.86
0.96
As on June 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
3.18
1.68
0.82
As on June 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
10.37
11.67
18.79
As on June 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 3.69 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.15 as on June 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%