HDFC ELSS Tax Saver-IDCW
(Scheme Rating)
NAV as of Dec 26, 2024
78.230.20%
(Earn upto 0.62% Extra Returns with Direct Plan)
Fund Category:
Equity: ELSS
Expense Ratio:
1.71%(1.95% Category
average)Fund Size:
Rs. 15,945.04 Cr(6.51% of Investment in Category)
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HDFC ELSS Tax Saver-IDCW
(Scheme Rating)
NAV as of Dec 26, 2024
78.230.20%
Expense Ratio:
1.71%
Fund Size:
Rs. 15,945.04 Cr
Fund Category:
Equity: ELSS
1. Current NAV: The Current Net Asset Value of the HDFC ELSS Tax Saver Fund as of Dec 26, 2024 is Rs 78.23 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 24.55% (1yr), 23.28% (3yr), 20.56% (5yr) and 23.53% (since launch). Whereas, Category returns for the same time duration are: 23.1061597411% (1yr), 18.089503817593467% (3yr) and 19.2427610658058% (5yr).
3. Fund Size: The HDFC ELSS Tax Saver Fund currently holds Assets under Management worth of Rs 15945.0357 crore as on Sep 30, 2024.
4. Expense ratio: The expense ratio of the fund is 1.71% for Regular plan as on Nov 30, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 500 and minimum additional investment is Rs 500. Minimum SIP investment is Rs 500.
HDFC ELSS Tax Saver-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns -1.48 -7.68 1.07 22.98 22.34 20.89 Category Avg -0.13 -6.62 1.99 21.37 17.21 19.50 Rank within Category 34 26 23 15 3 9 No. of funds within Category 38 38 38 38 33 33 - Loading...
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Return Comparison
- This Fund
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HDFC ELSS Tax Saver-IDCW Fund Details
Investment Objective - The scheme seeks to generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments.
| Fund House | HDFC Mutual Fund |
| Launch Date | Mar 31, 1996 |
| Benchmark | NIFTY 500 Total Return Index |
| Return Since Launch | 23.52% |
| Riskometer | Very High |
| Type | Open-ended |
| Risk Grade | Low |
| Return Grade | Above Average |
HDFC ELSS Tax Saver-IDCW Investment Details
| Minimum Investment (Rs.) | 500.00 |
| Minimum Additional Investment (Rs.) | 500.00 |
| Minimum SIP Investment (Rs.) | 500.00 |
| Minimum Withdrawal (Rs.) | 500.00 |
| Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
| NOV 2024 | OCT 2024 | SEP 2024 | AUG 2024 | JUL 2024 | JUN 2024 | |
|---|---|---|---|---|---|---|
| Number of Holdings | 52 | 51 | 47 | 45 | 44 | 45 |
| Top 5 Company Holdings | 38.25% | 38.91% | 38.27% | 37.58% | 36.5% | 37.91% |
| Top 10 Company Holdings | 57.07% | 57.49% | 58.74% | 57.68% | 57.46% | 57.58% |
| Company with Highest Exposure | HDFC Bank (9.91%) | ICICI Bank (10.46%) | ICICI Bank (9.8%) | ICICI Bank (9.66%) | ICICI Bank (9.71%) | HDFC Bank (9.99%) |
| Number of Sectors | 15 | 15 | 15 | 14 | 13 | 13 |
| Top 3 Sector Holdings | 57.89% | 58.42% | 57.63% | 58.8% | 59.78% | 59.89% |
| Top 5 Sector Holdings | 71.96% | 72.88% | 73.3% | 73.13% | 72.88% | 72.69% |
| Sector with Highest Exposure | Financial (36.42%) | Financial (36.8%) | Financial (35.23%) | Financial (34.69%) | Financial (34.78%) | Financial (36.46%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) ICICI Bank Financial 9.8 18.95 68.72 29.44 HDFC Bank Financial 9.61 19.70 90.93 5.13 Axis Bank Financial 8.09 11.95 90.29 -2.68 Bharti Airtel Communication 5.41 79.96 20.16 56.63 HCL Technologies Technology 5.36 30.43 62.01 29.12 Cipla Healthcare 5.33 27.17 55.41 20.23 SBI Life Insurance Company Insurance 4.73 - - - Maruti Suzuki India Automobile 3.95 24.63 445.97 5.90 Kotak Mahindra Bank Financial 3.87 15.83 111.13 -7.86 State Bank of India Financial 2.59 10.10 80.18 25.27
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y HDFC ELSS Tax Saver-IDCW 78.23 15,945.04 -1.48 22.98 22.34 20.89 SBI Long Term Equity Fund Regular - IDCW 86.39 27,847.49 -0.73 30.35 24.96 24.52 Quant ELSS Tax Saver Fund-IDCW 48.87 10,799.00 -2.41 11.69 17.23 30.35 JM ELSS Tax Saver Fund-IDCW 48.89 183.48 0.25 29.80 20.20 21.62 Franklin India ELSS Tax Saver Fund-IDCW 71.22 6,889.57 -0.08 24.18 19.87 20.69
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
12.00VS13.34Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
Low Volatality
0.86VS0.91Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Better risk-adjusted returns
1.28VS0.89Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Better risk-adjusted returns
17.84VS13.15Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Better risk-adjusted returns
6.20VS2.16Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Better average monthly returns
21.30VS17.75Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- R.J.Roshi JainSince Jan 20222 schemes
- R.V.Rakesh VyasSince May 20128 schemes
Ms. Jain is a CFA, ACA and PGDM. Prior to joining HDFC Asset Management Company Limited, she has worked with Franklin Templeton Investments, Goldman Sachs, London, Goldman Sachs, Singapore, Wipro Ltd. and S. R. Batliboi & Co.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HDFC Flexi Cap Fund-IDCW Flexi Cap 81.25 66,304.16 24.85 HDFC Focused 30 Fund-IDCW Flexi Cap 26.20 15,520.74 25.03 Mr. Vyas is a B.E (Electrical) and PGDM (Business Management) from XLRI Jamshedpur. Prior to joining HDFC Mutual Fund in 2009 he has worked with Lehman Brothers and Nomura.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y HDFC Balanced Advantage Fund-IDCW Dynamic Asset Allocation 39.53 95,569.87 17.75 HDFC Flexi Cap Fund-IDCW Flexi Cap 81.25 66,304.16 24.85 HDFC Corporate Bond Fund-IDCW Corporate Bond 18.83 32,841.09 8.51 HDFC Arbitrage Fund Wholesale-IDCW Arbitrage 10.84 16,790.62 7.75 HDFC Equity Savings Fund-IDCW Equity Savings 13.09 5,516.22 10.90 HDFC Capital Builder Value Fund-IDCW Value Oriented 36.09 7,384.10 22.59 HDFC Dynamic Debt Fund-IDCW Dynamic Bond 18.45 790.76 8.51 HDFC Credit Risk Debt Fund Regular-IDCW Credit Risk 21.20 7,404.25 8.19
More HDFC Mutual Fund
| Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| HDFC Balanced Advantage Fund-Growth | 94,865.65 | -2.12 | -1.38 | 7.79 | 28.14 | 20.14 | |
| HDFC Mid-Cap Opportunities Fund-Growth | 75,037.43 | -3.52 | 0.40 | 15.07 | 37.37 | 24.62 | |
| HDFC Liquid Fund-Growth | 67,330.71 | 0.57 | 1.75 | 3.56 | 7.37 | 6.18 | |
| HDFC Flexi Cap Fund-Growth | 64,928.56 | -2.55 | 1.58 | 14.30 | 38.56 | 22.06 | |
| HDFC Top 100 Fund-Growth | 36,467.34 | -4.89 | -2.92 | 7.91 | 26.64 | 15.50 | |
| HDFC Small Cap Fund Regular-Growth | 33,504.02 | -2.65 | 1.02 | 14.55 | 30.09 | 22.20 | |
| HDFC Corporate Bond Fund-Growth | 32,072.16 | 0.51 | 2.22 | 4.68 | 8.72 | 6.15 | |
| HDFC Money Market Fund-Growth | 27,987.22 | 0.60 | 1.84 | 3.77 | 7.64 | 6.40 | |
| HDFC Hybrid Equity Fund-Growth | 24,068.32 | -1.69 | -0.31 | 8.08 | 20.43 | 11.58 | |
| HDFC Large and Mid Cap Fund Regular- Growth | 23,484.62 | -5.14 | -2.22 | 10.82 | 33.10 | 18.30 |
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1. HDFC ELSS Tax Saver Fund is Open-ended ELSS Equity scheme which belongs to HDFC Mutual Fund House.
2. The fund was launched on Mar 31, 1996.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to generate capital appreciation / income from a portfolio, comprising predominantly of equity & equity related instruments. "
2. It is benchmarked against NIFTY 500 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 92.49% in equities, 0.32% in debts and 7.19% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 58.739999999999995% of the assets, the top 3 sectors constitute around 57.89% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on HDFC ELSS Tax Saver-IDCW
1. Short-term Capital Gain Tax - STCG is not applicable on ELSS schemes since these have a lock-in period of 3 years.
2. Investment into ELSS schemes qualify for tax deduction under Section 80C of the Indian Income Tax Act.
3. Gains of more than Rs. 1 lakh after completion of 3 years will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
This Might Catch Your Interest
FAQs about HDFC ELSS Tax Saver-IDCW
- Is it safe to invest in HDFC ELSS Tax Saver Fund?As per SEBI’s latest guidelines to calculate risk grades, investment in the HDFC ELSS Tax Saver Fund comes under Very High risk category.
- What is the category of HDFC ELSS Tax Saver Fund?HDFC ELSS Tax Saver Fund belongs to the Equity : ELSS category of funds.
- How Long should I Invest in HDFC ELSS Tax Saver Fund?The suggested investment horizon of investing into HDFC ELSS Tax Saver Fund is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the HDFC ELSS Tax Saver Fund?The HDFC ELSS Tax Saver Fund is managed by Roshi Jain (Since Jan 13, 2022) and Rakesh Vyas (Since May 10, 2012).
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