April 3, 2024
mayank
HDFC ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 1,257.406
NAV IDCW: Rs 90.8590
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 generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments.
Fund Manager:
1) Roshi Jain
Education: Ms. Jain is a CFA, ACA and PGDM.
Experience: Prior to joining HDFC Asset Management Company Limited, she has worked with Franklin Templeton Investments, Goldman Sachs, London, Goldman Sachs, Singapore, Wipro Ltd. and S. R. Batliboi & Co.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| 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 | HDFC Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 15.58% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 13,820 Cr |
| (As on 29-Feb-2024) | |
| Expense | 1.14% |
| (As on 29-Feb-2024) | |
| Risk Grade | Low |
| Return Grade | Above Average |
| Turnover | 33.34% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| HDFC ELSS Tax Saver Dir | 7.81 | 0.14 | 0.99 | 8.22 | 23.44 | 47.58 | 26.45 | 17.73 | 14.70 | 16.06 |
| S&P BSE 500 TRI | 6.03 | 0.37 | 0.72 | 6.09 | 19.12 | 41.81 | 19.31 | 17.58 | 15.88 | 16.00 |
| Equity: ELSS | 6.46 | 0.35 | 1.01 | 6.60 | 19.38 | 42.37 | 20.44 | 18.42 | 16.04 | 17.37 |
| Rank within category | 10 | 34 | 21 | 9 | 6 | 9 | 3 | 15 | 20 | 16 |
| Number of funds in category | 39 | 39 | 39 | 39 | 38 | 37 | 33 | 31 | 29 | 25 |
Peer Comparison of HDFC 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 (%) | |
| HDFC ELSS Tax Saver Dir | 4 star | 47.58 | 26.45 | 17.73 | 1.14 | 13,820 | 15.58 | — | 11Y 3M | 33.34 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 38.60 | 18.72 | 20.20 | 0.58 | 21,302 | 20.40 | — | 8Y 3M | 94.00 |
| SBI Long Term Equity Dir | 5 star | 62.27 | 27.90 | 21.63 | 0.97 | 21,203 | 17.17 | — | 11Y 3M | 15.00 |
| DSP ELSS Tax Saver Dir | 4 star | 43.52 | 21.03 | 19.89 | 0.79 | 14,147 | 18.14 | — | 11Y 3M | 38.00 |
| Quant ELSS Tax Saver Dir | 5 star | 61.24 | 33.10 | 33.06 | 0.76 | 7,770 | 22.95 | — | 11Y 3M | 162.00 |
Portfolio Analysis of HDFC ELSS Tax Saver Fund
| No. of Stocks | 38 |
| Top 10 Stocks | 59.43% |
| Top 5 Stocks | 35.99% |
| Top 3 Sectors | 57.31% |
| Portfolio P/B Ratio | 3.39 |
| Portfolio P/E Ratio | 22.78 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,69,080 | 1,64,198 |
| Giant (%) | 74.18 | 51.70 |
| Large (%) | 15.94 | 19.69 |
| Mid (%) | 7.93 | 23.56 |
| Small (%) | 1.96 | 6.94 |
| Tiny (%) | — | 0.40 |
How to Invest in HDFC ELSS Tax Saver?
Chanakya’s Mutual Fund Guidance For HDFC ELSS Tax Saver 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://investor-web.hdfcfund.com/
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