HDFC ELSS TaxSaver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-11-2024
₹ 1428.79
1D
Inception Returns
15.8%
/yr
About HDFC ELSS TaxSaver Fund Direct Growth
HDFC ELSS TaxSaver Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Roshi Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- HDFC ELSS TaxSaver Fund Direct Growth has ₹15935 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 1.1.
Returns
HDFC ELSS TaxSaver Fund Direct Growth has given a CAGR return of 15.79% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 33.78%, 21.08% and 21.26% respectively.
Holdings
HDFC ELSS TaxSaver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Health, Consumer Cyclical, Tech, Communication, Industrial, Government, Basic Materials, Real Estate, Utilities, Consumer Defensive, Energy. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Axis Bank Ltd, Cipla Ltd, Bharti Airtel Ltd
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of HDFC ELSS TaxSaver Fund Direct Growth
To generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments. There is no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for HDFC ELSS TaxSaver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
▲
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6719 people have invested ₹ 3.5Cr in HDFC ELSS TaxSaver Fund Direct Growth in the last three months
INDmoney Rank for HDFC ELSS TaxSaver Fund Direct Growth
Powered by IND quant engine
7
/23
65% Performance
55% Risk Management
3% Cost
7 out of 23 among elss (tax savings)
Larger AUM within category
3Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
HDFC ELSS TaxSaver Fund Direct Growth Overview
| Expense ratio | 1.09% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹15935 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 34.54% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
76%
Small cap
9.5%
Mid cap
5.6%
Sector Allocation
Financial Services
45.5%
Health
13.3%
Consumer Cyclical
12.9%
Tech
8.9%
Communication
6.1%
Industrial
5.4%
Basic Materials
3.1%
Real Estate
1.6%
Utilities
1.4%
Consumer Defensive
1.1%
Energy
0.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -4.85% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.67% in Oct'24
- AUM of the fund stands at 15.9K Cr as of Oct'24
- AUM decreased by 825.7 Cr between Oct'24 and Sep'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 9.8% to 10.46%
HDFC Bank Ltd's allocation increased from 9.61% to 10.13%
State Bank of India's allocation increased from 2.59% to 2.83%
Top Stocks sold last month
Axis Bank Ltd's allocation decreased from 8.09 % to 8 %
Cipla Ltd's allocation decreased from 5.33 % to 5.26 %
Bharti Airtel Ltd's allocation decreased from 5.41 % to 5.06 %
Mid Cap allocation has gone down from 6% to 5.6%
Large Cap allocation has gone down from 77.9% to 76%
Small Cap allocation has gone up from 8.6% to 9.5%
Cash allocation has gone up from 7.2% to 7.3%
Debt allocation has gone up from 0.3% to 0.3%
Top 3 Sectors in October were Financial Services, Health & Consumer Cyclical
Oct'24
Financial Services
46%
Health
13%
Consumer Cyclical
13%
Sep'24
Financial Services
44%
Health
14%
Consumer Cyclical
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 ICICI Bank Ltd | 10.46% | 0% | |
 HDFC Bank Ltd | 10.13% | 0% | |
 Axis Bank Ltd | 8% | 0% | |
 Cipla Ltd | 5.26% | 0% | |
 Bharti Airtel Ltd | 5.06% | -5.7% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 0.8% |
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Roshi Jain
Fund Manager of HDFC ELSS TaxSaver Fund Direct Growth, since 13 January 2022
Top funds managed
Fund House
HDFC Asset Management Co Ltd
Total Schemes
Total AUM
₹8.1L Cr
as on 31-Oct-2024
Address
HDFC Asset Management Company Limited,“HUL House”, 2nd Floor,,H.T. Parekh Marg,165-166, Backbay Reclamation,,Churchgate,
Phone
+912266316333
Website
cliser@hdfcfund.com
Mutual Fund Insights
Over the last 6 months, this fund has decreased expense ratio by 4.4% moving from 1.14 to 1.09.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 1.09% which is lower than the category average expense ratio of 1.29%.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.68% return, outperforming this fund by 17.9%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.42% return, outperforming this fund by 10.16% per annum.
Over the last 1 month, this fund has experienced a 4.9% drop in AUM moving from 16.76K Cr to 15.93K Cr.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.77% return, outperforming this fund by 3.69% per annum.
HDFC ELSS TaxSaver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.79% since inception which is more than its category average return of 15.51%
Fund Allocations
This fund has an allocation of 92.39% in Equity, 0.32% in Debt and 7.29% in Cash related instruments
AUM size ₹15935 Cr
This fund has AUM of ₹15935 Cr which is more than its category average of ₹ 3983 Cr
Expense Ratio 1.09%
This fund has an expense ratio of 1.09% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for HDFC ELSS TaxSaver Fund Direct Growth
The current NAV of HDFC ELSS TaxSaver Fund Direct Growth is ₹1428.79 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
HDFC ELSS TaxSaver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.3% | -4.3% |
6 Month Returns | 7.08% | 7.08% |
1 Year Returns | 33.78% | 33.78% |
3 Years Returns | 77.5% | 21.08% |
5 Years Returns | 162.17% | 21.26% |
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1.09% as on October 2024
₹15935 Cr as on October 2024
ICICI Bank Ltd(10.46%), HDFC Bank Ltd(10.13%), Axis Bank Ltd(8%), Cipla Ltd(5.26%), Bharti Airtel Ltd(5.06%) as on October 2024
Financial Services(42.08%), Health(12.33%), Consumer Cyclical(11.93%) as on October 2024
The alpha ratio for the HDFC ELSS TaxSaver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
HDFC ELSS TaxSaver Fund Direct Growth | 8.89 | 7.1 | 2.48 |
As on October 2024
The alpha for HDFC ELSS TaxSaver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the HDFC ELSS TaxSaver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
HDFC ELSS TaxSaver Fund Direct Growth | 0.87 | 0.86 | 0.94 |
As on October 2024
The Beta for HDFC ELSS TaxSaver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the HDFC ELSS TaxSaver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
HDFC ELSS TaxSaver Fund Direct Growth | 2.6 | 1.28 | 0.9 |
As on October 2024
The sharpe ratio for HDFC ELSS TaxSaver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the HDFC ELSS TaxSaver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
HDFC ELSS TaxSaver Fund Direct Growth | 11.94 | 12.13 | 18.37 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.51 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.09 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Roshi Jain is the fund manager of HDFC ELSS TaxSaver Fund Direct Growth
The Exit load of HDFC ELSS TaxSaver Fund Direct Growth is 0%