HDFC Tax Saver has major investments in the equity and related securities with which it aims to provide long-term capital appreciation. Among the various tax-saving mutual funds, the HDFC Tax Saver ELSS Fund holds a notable position. HDFC Tax Saver Growth is the perfect tax-saving solution for the long-term investors who want to save taxes as well.
|Fund Type||Open Ended|
|Benchmark||NIFTY 500 TRI|
|Asset Size(Cr)||6886.87 (As on Dec 31, 2018)|
|Fund Manager||Vinay R Kulkarni|
|Min SIP Investment||500|
|Min Addl Investment||500|
|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)||0.15%||20.64%||%|
|HDFC Long Term Advantage Fund (G)||-5.82%||16.88%||15.86%|
|Motilal Oswal Long Term Equity Fund (G)||-11.68%||16.24%||%|
|Aditya Birla Sun Life Tax Relief 96 (G)||-6.02%||14.55%||18.77%|
|L&T Tax Advantage Fund (G)||-13.14%||14.27%||15.72%|
|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|
Launched on March 31, 1996, HDFC Tax Saver Fund is a growth-oriented and open-ended scheme, which is designed by the fund managers of HDFC Mutual Fund. The HDFC Tax Saver growth nav scheme falls in the ELSS category and aims to provide tax-saving investments as well as long-term capital growth to the investors. HDFC mutual fund tax saver growth nav scheme is among the best-performing mutual funds in India in the ELSS category, and recommended by the experts for a productive portfolio. The investors seeking long-term growth and wanting to invest in the equity and equity-related securities for capital appreciation must consider HDFC Tax Saver Growth Fund scheme for their portfolio. Here we have provided a synopsis of this plan to help you take an informed investment decision.
HDFC Tax Saver fund growth nav scheme is primarily aimed at providing tax savings to the investors with a three years lock-in period, along with high worth of capital appreciation in the long run. Being an open-ended fund, HDFC Tax Saver Fund growth nav offers the feasibility of redeeming the funds as per the requirement after lock-in. HDFC mutual fund tax saver growth nav plan is evaluated against NIFTY 500(benchmark) and has been outperforming the same for a long time. The minimum investment amount for a new investor is Rs.500 whether you opt for SIP investment or a lump sum.
NAV of HDFC Tax Saver Growth as on 31 January 2017, amounted to Rs.443.7190, which is a determinant of growth prospects of the scheme. Thus, the investors who desire to gain substantial income with the compounding benefits must invest in the HDFC tax saver SIPs. This is one of the best tax saving investment plans, which helps the investors in saving on taxes being the primary aim.
HDFC Tax Saver Growth has been analysed that if anyone had invested Rs.10,000 in this plan in 2007, they would have created Rs.30,000(approximately) by the end of 2016. This provides a remarkable track record of the scheme. The trailing returns of the scheme for three- and five-year investment are 21.80% and 15.98%, respectively. Moreover, the absolute annual returns of the HDFC mutual fund tax saver growth have reached up to 56.0% in the year 2014. For the year 2016, the absolute returns were 6.8%, irrespective of the market fluctuations.
The scheme has been ranked in the top-performing funds and has helped many investors in gaining tremendous growth over time. One can use the SIP calculator for computing the investment values after a time span to evaluate the expected growth-rate.
With an asset size amounting to Rs.5,179 crore as on December 31, 2016, HDFC tax saver growth nav scheme has diversified the funds in equities and debt instruments on a proportionate basis in order to reduce the risk. Around 97.44% of the total assets has been invested in the equity stocks, while the remaining 5.44% is put in the debt mutual funds. The average market capitalisation of the hdfc mutual fund tax saver growth nav amounts to Rs.44,017.84, which is higher in comparison with its category. HDFC tax saver mutual fund nav shows the exact market holdings of the scheme in the market.
The sector allocation graph of HDFC Tax Saver growth fund depicts that a majority of the investments are made in the financial, energy, engineering, diversified, automobile, and technology industries. The top holdings of the hdfc mutual fund tax saver growth nav scheme include State Bank of India, ICICI Bank, Larsen & Toubro, Tata Motors DVR, BPCL, Cipla, HDFC Bank, and Reliance Industries. These are amongst the most promising corporates in India which ensure high-yielding returns on hdfc mutual fund tax saver investment plan.
Our team of fund analysts has evaluated the portfolio and past performance of HDFC Tax Saver mutual fund, and come to a conclusion that it can be considered for building long-term wealth. The tax-savings that it offers is an added advantage of investing in this plan, and thus you must put your money in HDFC mutual fund tax saver growth nav to make long-term income.
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