February 14, 2024
mayank
Bandhan ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 151.9070
NAV IDCW: Rs 43.4360
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.
Fund Manager:
1) Daylynn Gerard Paul Pinto
Education: Mr. Pinto is a B.Com (H) and PGDM.
Experience: Prior to joining Bandhan Mutual Fund (formerly IDFC Mutual Fund) he was associated with UTI AMC (Jul 2006-Sep 2016) as fund manager.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 1,000 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 1 |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Bandhan Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 18.79% |
| Benchmark | S&P BSE 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 5,976 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.59% |
| (As on 31-Jan-2024) | |
| Risk Grade | Above Average |
| Return Grade | High |
| Turnover | 25.00% |
Trailing Returns (%) of Bandhan ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Bandhan ELSS Tax Saver Dir | 3.30 | 0.41 | 1.54 | 13.75 | 16.14 | 35.27 | 23.15 | 23.08 | 18.94 | 20.20 |
| S&P BSE 500 TRI | 1.90 | 0.57 | 0.28 | 14.37 | 17.42 | 33.74 | 17.79 | 18.79 | 16.06 | 16.98 |
| Equity: ELSS | 2.19 | 0.45 | 0.53 | 13.55 | 18.20 | 34.69 | 18.69 | 19.44 | 16.10 | 18.27 |
| Rank within category | 12 | 26 | 10 | 17 | 25 | 15 | 5 | 3 | 4 | 4 |
| Number of funds in category | 39 | 39 | 39 | 39 | 38 | 36 | 33 | 31 | 29 | 25 |
Peer Comparison of Bandhan ELSS Tax Saver Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Bandhan ELSS Tax Saver Dir | 5 star | 35.27 | 23.15 | 23.08 | 0.59 | 5,976 | 18.79 | — | 11Y 1M | 25.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 30.72 | 16.94 | 21.20 | 0.60 | 20,950 | 20.13 | — | 8Y 1M | 95.00 |
| SBI LT Eqt Dir | 5 star | 53.42 | 25.19 | 22.67 | 0.98 | 20,085 | 16.86 | — | 11Y 1M | 16.00 |
| DSP ELSS Tax Saver Dir | 4 star | 36.36 | 20.30 | 21.87 | 0.68 | 13,846 | 18.06 | — | 11Y 1M | 37.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 40.80 | 24.31 | 19.61 | 1.14 | 13,441 | 15.38 | — | 11Y 1M | 21.93 |
Portfolio Analysis of Bandhan ELSS Tax Saver Fund
| No. of Stocks | 61 |
| Top 10 Stocks | 36.12% |
| Top 5 Stocks | 24.30% |
| Top 3 Sectors | 42.07% |
| Portfolio P/B Ratio | 3.60 |
| Portfolio P/E Ratio | 26.05 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,44,756 | 1,59,260 |
| Giant (%) | 52.99 | 51.80 |
| Large (%) | 22.68 | 19.78 |
| Mid (%) | 12.79 | 23.69 |
| Small (%) | 11.10 | 6.57 |
| Tiny (%) | 0.43 | 0.28 |
How to Invest in Bandhan ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For Bandhan Tax Advantage (ELSS) Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://bandhanmutual.com/mutual-funds
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
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https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/360-one-elss-tax-saver-nifty-50-index-fund/