Insights of IDFC Tax Advantage (ELSS) Fund

Mutual Fund

IDFC Tax Advantage (ELSS) Fund is an open ended tax saving equity fund. It was launched on December 26, 2008. The investment objective of this fund is to generate long term capital by investing in diversified portfolio of company stocks with strong fundamental base and reasonable valuation. Also, this fund helps in tax deduction from the total income under Income Tax Act, 1961.

IDFC Tax Advantage (ELSS) Fund has a 3 years of lock-in period and falls under the category of equity linked saving scheme. You can invest on a monthly basis, a minimum of Rs. 1000 in IDFC Tax Advantage (ELSS) Fund sip scheme.The exit load of this fund is nil. You can go for IDFC Tax Advantage (ELSS) mutual fund investment online in India which is very user friendly and simple. 

IDFC Tax Advantage (ELSS) Fund Facts

  • IDFC Tax Advantage (ELSS) Fund portfolio distribution includes 94.92% in equity stocks out of which 46.78% in large cap, 25.64% in small cap and 22% in mid cap stocks.
  • The returns from IDFC Tax Advantage (ELSS) Fund growth plan for the last 3 and 5 years are 16.25% and 16.59% respectively.
  • You can enjoy elss tax deduction benefit while investing in IDFC Tax Advantage (ELSS) Fund growth plan.
  • The portfolio allocation of this fund also invests a small portion in the debt related securities to maintain diversification.
  • Investors can earn a risk adjusted high return by investing in this mutual fund scheme for a minimum of 3 years with  high risk appetite. 

Top 5 Sectors of IDFC Tax Advantage (ELSS) Fund

S.No. Holding Name Net Assets (in %)
1 Bank – Private 17.93
2 IT – Software 8.97
3 Pharmaceuticals and Drugs 6.3
4 Refineries 5.83
5 Miscellaneous 5.09

(as on date- 09/04/2019)

Top 10 Holdings of IDFC Tax Advantage (ELSS) Fund

S.No. Holding Name Net Assets (in %)
1 Triparty Repo 6.32
2 ICICI Bank Limited 6.23
3 HDFC Bank Limited 4.08
4 State Bank of India 4.03
5 Reliance Industries Limited 3.76
6 Axis Bank Limited 3.61
7 Infosys Limited 3.36
8 RBL Bank Limited 2.73
9 Future Retail Limited 2.6
10 Nestle India Limited 1.87

(as on date- 09/04/2019)

Details of IDFC Tax Advantage (ELSS) Fund

Date of Inception- 26th December, 2008

Fund Manager- Mr. Daylynn Pinto

Benchmark- S&P BSE 200 TRI

Riskometer- Moderately High

Return Since Launch- 18.27%

AUM- Rs. 1991.56 crore (as on 31st Mar, 2019)

IDFC Tax Advantage (ELSS) Fund performance is shown in the below mentioned table-

  1-Year 3-Year 5-Year 10-Year
Fund -3.61 16.25 16.59 17.87
S&P BSE 200 TRI 9.07 16.90 14.09 16.11
Category 1.01 14.32 14.95 16.74
Rank within Category 31 6 9 10
Number of funds in category 36 34 29 26
As on Apr 09, 2019

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