Indiabulls Tax Savings Direct Growth
Indiabulls Tax Savings Direct Growth

Indiabulls Tax Savings Direct Growth

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Equity
Direct
Elss (Tax Savings)

NAV: ₹ 14.6 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
24 people have invested ₹ 54.5K in mutual fund in the last three months

Fund Insights

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In the last 1 year, HDFC TaxSaver -Direct Plan - Growth Option has given 11.42% return, outperforming this fund by 9.81%

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In the last 3 years, Quant Tax Plan Growth Option Direct Plan has given 35.89% return, outperforming this fund by 23.86% per annum

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In the last 5 years, Quant Tax Plan Growth Option Direct Plan has given 21.65% return, outperforming this fund by 13.92% per annum

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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.5% which is lower than the category average expense ratio of 1.4%

INDmoney Rank

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Pros
Beats FD returns for both 3Y & 5Y duration
Cons
5Y returns in the bottom 25% of the category
3Y returns in the bottom 25% of the category

Fund Performance as on (19-Jan-23)

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
-1.7%
-3.5%
1.1%
1.6%
12%
7.7%
Benchmark
-2.3%
2.2%
9.6%
-0.5%
15%
9.6%
Category
-1.1%
-3.4%
1.7%
0.8%
14.2%
10.1%
About the Fund

Indiabulls Tax Savings Direct Growth is an equity fund. This fund was started on  28 December, 2017. The fund is managed by Karan Singh, Sumit Bhatnagar. The fund could potentially beat inflation in the long-run.

Key parameters

1) Indiabulls Tax Savings Direct Growth has a NAV of 14.58 as on 08-02-2023.

2) Indiabulls Tax Savings Direct Growth has 38 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.5 %.

Fund Overview

Expense ratio
Expense ratio
0.5%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹38 Cr
Inception Date
Inception Date
28 December, 2017
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
44.95%

Fund Distribution as on (31-Dec-22)

  • Equity 97.4%
  • Debt & Cash 2.6%
Size breakup
Large cap
87.8%
Mid cap
5.5%
Small cap
4%

Sector Allocation

Dec'22

Nov'22

Oct'22

Financial Services

39%

Tech

11%

Energy

10.7%

Consumer Cyclical

9.9%

Industrial

8.7%

Consumer Defensive

7.1%

Basic Materials

6.9%

Communication

4.5%

Health

1.7%

Utilities

0.3%

Top Holdings as on (31-Dec-22)

  • Equity
  • Debt & Cash
Equity Holdings37
Debt Holdings1

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 1.1 Cr in last 1M
Dec'22 return underperformed benchmark

Change in AUM

Dec'22
₹ 39.3 Cr
Nov'22
₹ 40.4 Cr
Oct'22
₹ 41.3 Cr

Fund Returns vs Benchmark

Jan'23
5.23%
5.37%
Dec'22
3.22%
2.63%
Nov'22
5.23%
5.37%
Fund Return
Benchmark Return

Concentration Analysis as on (31-Dec-22)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
36
36
36
Top 5 Company Concentration
32.7%
32.6%
31.5%
Company having highest exposure
HDFC Bank Ltd (8.3%)
HDFC Bank Ltd (8.1%)
HDFC Bank Ltd (7.8%)
No of Sectors
12
12
12
Top 5 Sectors Concentration
74.9%
76.4%
77.4%
Sector having highest exposure
Financial Services (36.8%)
Financial Services (37.2%)
Financial Services (37.7%)

Winners & Losers as on (31-Dec-22)

Fund Manager

Sumit Bhatnagar

Sumit Bhatnagar

Fund Manager of Indiabulls Tax Savings Direct Growth, since 5 May 2021

AMC details

Fund House
Indiabulls Asset Management Company Ltd.
Total AUM
₹1.62K Cr
as on 31-Dec-2022
Address
Indiabulls Asset Management Company Ltd.,11th Floor,Tower-1, Indiabulls Finance Centre,,Elphinstone Mills Compound, Senapati Bapat Marg,,Elphinstone (West)
Phone
+912261891327
Email
customercare@indiabullsmf.com

Fund 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 7.51% since inception which is less than its category average return of 12.96%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.37% in Equity, 0% in Debt and 2.63% in Cash related instruments
AUM size ₹38 Cr

AUM size ₹38 Cr

This fund has AUM of ₹38 Cr which is less than its category average of ₹ 2668 Cr
Expense Ratio 0.5%

Expense Ratio 0.5%

This fund has an expense ratio of 0.5% which is less than its category average expense ratio of 1.57%

Frequently Asked Questions

The current NAV of Indiabulls Tax Savings Direct Growth is 14.48 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Indiabulls Tax Savings Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-1.7%
-1.7%
6 Month Returns
1.12%
1.12%
1 Year Returns
1.61%
1.61%
3 Years Returns
40.58%
12.02%
5 Years Returns
45.09%
7.73%
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0.5 as on January 2023
38 Cr as on January 2023
HDFC Bank Ltd(8.29%),Reliance Industries Ltd(7.94%),ICICI Bank Ltd(7.26%),Infosys Ltd(5.38%),Bharti Airtel Ltd(3.84%) as on January 2023
Financial Services(36.78%),Tech(10.37%),Energy(10.11%) as on January 2023
The alpha ratio for the Indiabulls Tax Savings Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Indiabulls Tax Savings Direct Growth
-1.03
-2.73
-3.28
As on January 2023
The alpha for Indiabulls Tax Savings 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 Indiabulls Tax Savings Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Indiabulls Tax Savings Direct Growth
0.92
0.89
0.9
As on January 2023
The Beta for Indiabulls Tax Savings 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 Indiabulls Tax Savings Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Indiabulls Tax Savings Direct Growth
-0.19
0.46
0.17
As on January 2023
The sharpe ratio for Indiabulls Tax Savings 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 Indiabulls Tax Savings Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Indiabulls Tax Savings Direct Growth
15.8
20.56
18.11
As on January 2023
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 0.64 as on January 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Karan Singh,Sumit Bhatnagar are the fund managers of Indiabulls Tax Savings Direct Growth
The Exit load of Indiabulls Tax Savings Direct Growth is 0%

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Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.