|Fund Type||Open Ended|
|Benchmark||S&P BSE 200 TRI|
|Asset Size(Cr)||1607.38 (As on Oct 31, 2018)|
|Fund Manager||Daylynn Gerard Paul Pinto|
|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.|
|Motilal Oswal Long Term Equity Fund (G)||-6.53%||15.35%||%|
|HDFC Long Term Advantage Fund (G)||-2.58%||14.72%||16%|
|Aditya Birla Sun Life Tax Relief 96 (G)||-2.55%||13.43%||19.63%|
|L&T Tax Advantage Fund (G)||-5.26%||13.27%||16.43%|
|Axis Long Term Equity Fund (G)||4.88%||13.21%||20.11%|
|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|
The ELSS scheme which has performed all these years efficiently to make its way in the top performing and highly recommended mutual fund is IDFC Tax Advantage ELSS Fund. Launched in the year 2008 by IDFC Mutual Fund, the fund has provided the returns of 17.96% since then. Being an ELSS fund, it offers deduction to investors under Section 80C of the Income Tax Act, 1961, up to Rs 1.50 Lakh. It is an open-ended equity scheme with a statutory lock-in period of 3 years which is minimum amongst the various tax saving instruments.
An investor starting investment in IDFC Tax Advantage Fund should know that it is highly aggressive as compared to other funds of the category. Besides its aggressiveness, it has managed to perform well all these years.
All these returns have made the fund a top recommended mutual fund by MySIPonline amongst the ELSS category. Investors can invest in the fund via SIP or lumpsum mode. They can also calculate the amount of investment through SIP calculator and know how much tax they are saving through Tax calculator, which are designed with the help of technical and the market experts of MySIPonline.
Being a tax saving mutual fund, IDFC Tax Advantage Mutual Fund invests its corpus in equity and equity-related securities mostly. Its 6%-7% of the assets are also invested in the debt and money market instruments to maintain the liquidity in the fund’s portfolio. As we see the equity allocation of the fund, portfolio shows approximately 8 to 11 percent of allocation in small-caps at all times while mid-caps have made up between 25 and 40 percent of the portfolio. The rest part of the portfolio is invested in the giant and large-cap companies.
IDFC Tax Advantage ELSS Plan selects the stocks across multiple sectors selecting the growth stocks that are quoted at fair prices in the market. Currently, it has invested in 73 companies with major allocation in finance, FMCG, automobile, technology, and services sectors.
So investors who have a penchant for high-risk and at least 5 years of investment tenure should invest in IDFC Tax Advantage ELSS Fund- Growth Plan. It is available for both lumpsum and SIP investment online at our website. You too can opt for this scheme to avail the benefits of amazing growth in capital and create wealth for your future by saving taxes.
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