|Fund Type||Open Ended|
|Benchmark||S&P BSE SENSEX|
|Asset Size(Cr)||- (|
|Fund Manager||Chirag Setalvad (11.2)|
|Notes||Earlier called HDFC Tax Plan 2000-name changed w.e.f 22-11-2004|
|Min SIP Investment||500|
|Min Addl Investment|
|Period||Returns(%)||Benchmark Returns (%)|
- Returns for less than one year are Absolute, and those for more than one year are Annualised (CAGR).
- All the returns are calculated as against the performance of Nifty Free Float Midcap 100.
- The benchmark for the funds falling in small- and mid-cap category is Nifty Free Float Midcap 100.
|Fund Name||Ratings||1 Yr Rtn.||3 Yr Rtn.||5 Yr Rtn.|
|Mirae Asset Tax Saver Fund (G)||0.61%||21.72%||%|
|Motilal Oswal Long Term Equity Fund (G)||-10.66%||16.77%||%|
|DSP Tax Saver Fund (G)||-4.15%||15.09%||17.15%|
|IDFC Tax Advantage (ELSS) Fund (G)||-11.47%||14.97%||15.76%|
|Invesco India Tax Plan (G)||-0.5%||14.85%||17.53%|
|Period||Returns (%)||BSE 200 (%)|
|No. of Investment||Amount Invested||Investment Value As on date||Units Purchased||CAGR|
| No. of Investment
|| Amount Invested
|| Investment Value As on date
|| Units Purchased || CAGR
The graph depicts the wealth generated or the historical returns offered by the SIP investments made in the selected time horizon.
|Total Amount Invested||Investment Value As on Date||Total Units Purchased||Abs. Return|
| Total Amount Invested
|| Investment Value As on Date
|| Total Units Purchased || Abs. Return
The graph depicts the wealth generated or the historical returns offered by the lump sum investments made in the selected time horizon.
|Sector||Value(In Cr)||Allocation (%)|
|Holdings||Instrument||Industry||Rating||Market Value||% to NAV|
HDFC Long Term Advantage Fund which is an equity plan of HDFC Mutual Fund, is one of the most desirable and high-yielding mutual funds in India. Launched on January 02, 2001, it is an open-ended scheme which aims to provide capital appreciation to the investors. Everyone seeking long-term growth in capital may begin with this HDFC Long-Term Plan either via SIP or lump sum.
The fund managers of HDFC MF, Mr Chirag Setalvad and Mr Rakesh Vyas have been managing this fund since a long time and grabbing the best opportunities in the market in order to enhance its credibility. If you have wealth building as a primary investment goal and want to save on your taxes along side, then this fund can be a better choice for you. Here we have provided the synopsis of the same to help you gain its understanding.
The primary investment objective of the scheme is to generate long-term capital appreciation through a well-designed portfolio that invests predominantly in equity and equity-related securities. It is an open-ended Equity Linked Saving Scheme with a minimum lock-in period of three years. It offers the growth style of investing option to the investors to help them gain high worth on their capital. There is no entry or exit load on this fund, and one can initiate one’s investment with a minimum amount of Rs.500 either via SIP or lump sum. Being an ELSS fund, it provides the tax-saving benefit to the investors and let them reduce their tax liability.
The AUM, i.e., Asset Under Management of HDFC Long Term Advantage Plan amounted to Rs.1,300.40 crore as on February 28, 2017. NAV of this scheme amounts to Rs.297.705 as on March 16, 2017. With this, its market-held possession can be well evaluated, and you can conclude that its position is remarkable. As per the latest records, the total expense ratio for its regular plan is 2.28%.
The fund is ranked ‘Third’ in the ELSS category as per CRISIL for the quarter which ended in December 2016. It is a consistent performer for a long time and has been providing several benefits to the investors to help them secure their financial future. The scheme offered 12.5% absolute annual returns last year, i.e., 2016. Its absolute returns have reached up to 44.3% in the year 2014. Accordingly, the potential of the scheme can be estimated accurately here.
The annualised returns of HDFC Long-Term Advantage Fund on its three- and five-year investments are 19.4 and 16.9 percent respectively. It has outperformed its category and benchmark and has attained a remarkable position in the market. You can compute its returns prior to investing using the SIP calculator which would help you plan in the best way. For the purpose of planning taxes along with investment goals, this scheme is among the must-have ones. Next, you must take a glance at the portfolio concentration of the plan to know how it offers better returns.
With a size of AUM amounting to Rs.1300.40 Crore, the majority, i.e., almost 98% of the total assets has been invested in the equity stocks and shares of diversified sectors and companies. The average market capitalisation of the scheme is Rs.51,515.09 Crore being higher than its category’s average.
The sector allocation graph of HDFC Long-Term Advantage Fund depicts that major allotment of the total funds has been made in the financial, automobile, energy, technology, and metal industries. The top holdings of the scheme include ICICI Bank, Reliance Industries, Infosys, HDFC Bank, State Bank of India, and Larsen & Toubro. These sectors as well the corporates have high-growth potential and tend to provide stable and greater profits. Thus, the investments made in this plan are highly secure.
Suitability: As per HDFC Mutual Fund’s product labelling, this fund is best suited to the investors who are seeking capital appreciation over a long run and want to make an investment in an equity-oriented portfolio. Moreover, being an ELSS fund, it is best suite to the investors who want to save taxes along with earning higher returns.
So if you too find HDFC Long Term Advantage Growth Fund suitable for your goals and wishes to invest online, then you must avail our free online investing services. MySIPonline and its team will help you in making your portfolio highly productive.
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