HDFC Taxsaver - Growth Plan

ELSS NAV 851.9500 0 02 June, 2023

HDFC Tax Saver Fund has major investments in the equity and related securities with which it aims to provide long-term capital appreciation. Among the various ELSS mutual funds, the HDFC Tax Saver Fund holds a notable position. HDFC Tax Saver Fund Growth is the perfect tax-saving solution for the long-term investors who want to save taxes as well.

Fund Details

Category ELSS
Fund Type Open Ended
Investment Plan Growth
Launch Date 05 March, 1996
Benchmark NIFTY 500 TRI
Asset Size(Cr) 9814.85 (As on 31-03-2023)
Turn over 36.4%
Min Investment ₹ 500
Min SIP Investment ₹ 500
Min Addl Investment ₹ 500
Exit Load Nil
Expense Ratio 1.92% (As on 31-01-2023)
Fund Manager Roshi Jain, Priya Ranjan

Investment Returns (As on 02 Jun, 2023)

Duration Returns Benchmark Category
1 W 1.43% 1.58% 1.68%
1 M 3.4% 4.02% 3.64%
3 M 2.24% 1.44% 1.64%
6 M 1.17% 0.35% -0.87%
1 Y 12.76% 7.25% 5.63%
2 Y 18.86% 12.49% 11.19%
3 Y 26.66% 23.79% 23.4%
5 Y 10% 12.46% 9.95%

Risk Mesasures (As on 02 Jun, 2023)

Std Dev Sharpe Beta Alpha
Fund 13.54 1.53 3.64 0.85
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 28 Feb, 2022)

Assets Allocation

Sector Holdings
Others 4.31%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
HDFC Taxsaver - Growth Plan 12.76% 26.66% 10%
Mirae Asset Tax Saver Fund-Regular Plan-Growth 4.15% 25.78% 13.78%
ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth 4.36% 23.85% 10.74%
Axis Long Term Equity Fund - Regular Plan - Growth -3.59% 14.95% 8.43%
Aditya Birla Sun Life Tax Relief 96 - Growth Option -0.2% 12.35% 4.49%

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HDFC Tax Saver Fund : Beneficial for Tax Saving and Capital Growth

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 Fund 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 Fund 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 : Investment Details

HDFC Tax Saver fund 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 g 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.

HDFC Tax Saver NAV  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 Fund : Performance Review

HDFC Tax Saver Fund 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.

HDFC Tax Saver : Portfolio Analysis

With an asset size amounting to Rs.5,179 crore as on December 31, 2016, HDFC tax saver Fund 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 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.

Want to gather more information about elss funds and are interested in engaging your hard earned money in best elss mutual funds then plan your investment with best tax saving mutual fund schemes to invest in 2018

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