HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option

Equity
Direct
Elss (Tax Savings)
HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option

About the Fund

HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option 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 -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option has ₹14753 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 1.1.

Returns

HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option has given a CAGR return of 15.28% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.45%, 23.84% and 18.31% respectively.

Holdings

HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Tech, Consumer Cyclical, Industrial, Communication, Government, Utilities, Real Estate, Energy, Basic Materials, Consumer Defensive. 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 -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option

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 0.00. There is a lock in period for HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option of 3 Years

Fund Performance

Fund Overview

Expense ratio1.13%
Benchmark
S&P BSE 200 India TR INR
AUM₹14753 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP--/--
Exit Load0%
Lock In3 Years
TurnOver
22.05%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 91.1%

  • Debt & Cash 8.9%

Large cap
78.2%

Mid cap
6.6%

Small cap
6.3%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
43.1%
Health
14.4%
Tech
10.1%
Consumer Cyclical
9%
Industrial
8.7%
Communication
6.1%
Utilities
3.2%
Real Estate
2.5%
Energy
1.6%
Basic Materials
0.9%
Consumer Defensive
0.5%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Roshi Jain
Roshi Jain
Fund Manager of HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option, since 13 January 2022

HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option 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 15.28% since inception which is less than its category average return of 16.46%
Fund Allocations

Fund Allocations

This fund has an allocation of 91.12% in Equity, 0.34% in Debt and 8.54% in Cash related instruments
AUM size ₹14753 Cr

AUM size ₹14753 Cr

This fund has AUM of ₹14753 Cr which is more than its category average of ₹ 3681 Cr
Expense Ratio 1.13%

Expense Ratio 1.13%

This fund has an expense ratio of 1.13% which is less than its category average expense ratio of 1.46%

Frequently Asked Questions

The current NAV of HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option is ₹99.54 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option
Absolute Returns
CAGR Returns
1 Month Returns
7.83%
7.83%
6 Month Returns
11.65%
11.65%
1 Year Returns
37.45%
37.45%
3 Years Returns
89.92%
23.84%
5 Years Returns
131.75%
18.31%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
1.13% as on May 2024
₹14753 Cr as on May 2024
HDFC Bank Ltd(9.65%), ICICI Bank Ltd(9.5%), Axis Bank Ltd(7.4%), Cipla Ltd(5.3%), Bharti Airtel Ltd(4.93%) as on May 2024
Financial Services(39.26%), Health(13.09%), Tech(9.19%) as on May 2024
The alpha ratio for the HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option
-0.78
5.64
-0.37
As on May 2024
The alpha for HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option 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 -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option
1.05
0.87
0.97
As on May 2024
The Beta for HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option 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 -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option
1.8
1.31
0.65
As on May 2024
The sharpe ratio for HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option 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 -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option
13.64
12.32
19.14
As on May 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 2.46 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.89 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Roshi Jain is the fund manager of HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option
The Exit load of HDFC ELSS TaxSaver -Direct Plan Reinvestment of Income Distribution cum Capital Withdrawal option is 0%