Indiabulls Tax Savings Direct Growth
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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 14.6 as on 08-02-2023
Fund Performance
24 people have invested ₹ 54.5K in mutual fund in the last three months
Fund Insights
In the last 1 year, HDFC TaxSaver -Direct Plan - Growth Option has given 11.42% return, outperforming this fund by 9.81%
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
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
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)
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 | 0.5% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹38 Cr |
Inception Date | 28 December, 2017 |
Min Lumpsum/SIP | ₹500/₹500 |
Exit Load | 0% |
Lock In | 3 Years |
TurnOver | 44.95% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
87.8%
Mid cap
5.5%
Small cap
4%
Sector Allocation
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 Holdings37
Debt Holdings1
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
Indiabulls Nifty50 ETF | 15.71% | 0% | |
HDFC Bank Ltd | 8.54% | 0% | |
Reliance Industries Ltd | 7.68% | 0% | |
ICICI Bank Ltd | 7.09% | 0% | |
Infosys Ltd | 5.23% | 0% |
See all
What changed
in last one month
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)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
EPL Ltd | 6.4% |
Axis Bank Ltd | 3.3% |
HDFC Bank Ltd | 0.5% |
Top Losers | 1M Return |
|---|---|
Infosys Ltd | -9% |
Reliance Industries Ltd | -6.5% |
Indiabulls Nifty50 ETF | -2.6% |
Peer Analysis
Fund Manager
Karan Singh
Fund Manager of Indiabulls Tax Savings Direct Growth, since 29 May 2020
Top funds managed
Sumit Bhatnagar
Fund Manager of Indiabulls Tax Savings Direct Growth, since 5 May 2021
Top funds managed
AMC details
Fund House
Indiabulls Asset Management Company Ltd.
Total Schemes
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
Very High Risk
Investors understand that their principal will be at Very High Risk
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
This fund has an allocation of 97.37% in Equity, 0% in Debt and 2.63% in Cash related instruments
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%
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% |
With INDmoney, the process of investing is very simple and involves zero commission.
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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%
Mutual Fund execution provided by
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.