HDFC ELSS Tax Saver Fund – Direct Growth

Equity · ELSS
 · ★★★★
₹ 500
Min SIP
₹ 500
Min Lumpsum
1.14 %
Expense Ratio
★★★★
Rating
13,820
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 18 March 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 46.7% 25.2% 17.9% 15.4%
Category Average 39.9% 18.9% 17.1% -

Scheme Allocation

By Holding
By Sector
By Asset
9.52%
9.29%
6.07%
5.57%
Others
64.01%
View all Holdings
Holdings Sector Instrument Asset
ICICI Bank Banks Equity 9.52%
HDFC Bank Banks Equity 9.29%
Axis Bank Banks Equity 6.07%
Cipla Pharmaceuticals Equity 5.57%
HCL Technologies IT - Software Equity 5.54%
St Bk of India Banks Equity 5.41%
Hind.Aeronautics Aerospace & Defence Equity 5.36%
SBI Life Insuran Insurance Equity 4.83%
Bharti Airtel Telecomm-Service Equity 4.31%
Apollo Hospitals Healthcare Equity 3.53%
Power Grid Corpn Power Generation & Distribution Equity 2.46%
Maruti Suzuki Automobile Equity 2.45%
Infosys IT - Software Equity 2.42%
Prestige Estates Realty Equity 2.28%
Kotak Mah. Bank Banks Equity 2.2%
NTPC Power Generation & Distribution Equity 2.19%
Dr Reddy's Labs Pharmaceuticals Equity 2.09%
M & M Automobile Equity 1.75%
Bajaj Auto Automobile Equity 1.72%
Tech Mahindra IT - Software Equity 1.38%
O N G C Crude Oil & Natural Gas Equity 1.34%
Bank of Baroda Banks Equity 1.31%
Larsen & Toubro Infrastructure Developers & Operators Equity 1.2%
Escorts Kubota Automobile Equity 1.03%
Lupin Pharmaceuticals Equity 0.94%
Shoppers Stop Retail Equity 0.81%
Blue Star Consumer Durables Equity 0.76%
Federal Bank Banks Equity 0.76%
Tata Steel Steel Equity 0.71%
Coforge IT - Software Equity 0.71%
Team Lease Serv. Miscellaneous Equity 0.65%
Crompton Gr. Con Consumer Durables Equity 0.63%
Zee Entertainmen Entertainment Equity 0.47%
Metropolis Healt Healthcare Equity 0.36%
Delhivery Logistics Equity 0.34%
Karur Vysya Bank Banks Equity 0.21%
Reliance Industr Refineries Equity 0.21%
Bharti Airtel PP Telecomm-Service Equity 0.2%
ZF Commercial Auto Ancillaries Equity 0.18%
Banks
34.77%
IT-Software
10.05%
Pharmaceuticals & Biotech
8.6%
Debt
7.03%
Automobiles
5.92%
Others
33.63%
View all Sectors
Sectors Asset
Banks 34.77%
IT-Software 10.05%
Pharmaceuticals & Biotech 8.6%
Debt 7.03%
Automobiles 5.92%
Aerospace & Defense 5.36%
Insurance 4.83%
Power 4.65%
Telecom-Services 4.51%
Healthcare Services 3.89%
Realty 2.28%
Consumer Durables 1.39%
Oil 1.34%
Construction 1.2%
Agricultural, Commercial 1.03%
Retailing 0.81%
Ferrous Metals 0.71%
Commercial Services & Sup 0.65%
Entertainment 0.47%
Transport Services 0.34%
Petroleum Products 0.21%
Auto Components 0.18%
Cash & Others -0.22%
Equity
93.19%
Reverse Repos
7.03%
Net Curr Ass/Net Receivables
-0.22%

Advance Ratio

7.01
Alpha
3.41
SD
0.87
Beta
1.47
Sharpe

Exit Load

Exit Load Nil

Fund Objective

HDFC Mutual Fund’s HDFC Tax Saver- Direct Growth is an ELSS mutual fund programme. This fund was established on January 1, 2013, and its current managers are Ms Roshi Jain and Ms Priya Ranjan. The fund is invested in domestic equities to the tune of 95.99%, with 70.7% allocated to Large Cap stocks, 7.75% to Mid Cap stocks, and 3.79% to Small Cap stocks.

Last year, investors in HDFC Taxsaver-Growth had gains of 10.03%. It has had an annualised rate of return of 23.06% ever since its inception. Most of the portfolio’s value is spread throughout the banking, energy, IT, auto, and healthcare industries. To a lesser extent than its competitors, it has invested in the Financial and Energy industries.

The scheme’s investment objective is to generate capital appreciation as well as income through a portfolio that is mostly equities and equity-related securities.

Pros & Cons

Pros Cons
It beats FD returns for 3 years and 5 years. 5 year and 10 year annualised returns are lower than the category average.
Low expense ratio. 3 year lock-in period.

 

How to invest in HDFC tax saver fund?

Using 5paisa, investing in the HDFC tax saver fund is a breeze. As a result of the process streamlining, no documentation is necessary at this time. To get started, follow these simple steps:

Step 1: Log in to your 5Paisa Account. In case you do not have one, click the link to register and create a new 5Paisa account in 3 easy steps. Alternatively, you can also download the 5Paisa app on your smartphone for Android or IOS and log in from your device.

Step 2: Search for the HDFC Mutual Fund scheme that you wish to invest in

Step 3: Select the suitable option as per your specific requirement and risk appetite

Step 4: Select the investment type from SIP (Systematic Investment Plan) or Lumpsum investment

Step 5: Put the amount that you’d like to invest and proceed with the payment option by clicking on the ‘Invest Now’ button

This completes the investment process on the 5Paisa platform. Once your payment is successfully debited, you can see the HDFC Mutual Fund reflected in your 5Paisa account In approximately 3-4 working days. If you selected the SIP option, the amount chosen will get deducted every month starting from the date you made the initial payment.

What is the expense ratio of the HDFC tax saver fund?

The Expense Ratio is the annualised percentage of your investment that the mutual fund manager will charge for management fees. The cost ratio is calculated as a percentage of the fund’s AUM and affects fund returns by that amount. A fund with a lower cost ratio is preferred since a smaller amount of your earnings will be consumed by fees.

Who should invest in the HDFC tax saver fund?

Investors who are interested in putting their money to work for at least 3 years and who, in addition to greater return expectations, want to reduce their taxable income as much as possible can invest in the HDFC tax saver fund. The lock-in period of ELSS funds results in a disciplined, long-term investing by default.

In this manner, investors are able to reap the long-term benefits of compounding. However, these investors need to be prepared not only for the prospect of suffering modest losses in their investments but also for the fact that they will be locked in for 3 years.

What are the benefits of investing in the HDFC tax saver fund?

The HDFC tax saver fund has the advantages of both reducing one’s tax burden and increasing one’s wealth. It comes with a lock-in term of 3 years, while other tax-saving solutions need a minimum of 5 years.

It affords individuals and HUFs a deduction from gross total income for investments in Equity-Linked Savings Schemes of up to ₹1.5 lakhs following section 80C of the Income Tax Act of 1961. As a result, this ELSS fund offers better returns with the shortest lock-in time possible.

Fund Managers

Roshi Jain - Fund Manager

Ms Jain holds many degrees, including CFA, ACA and PGDM. Before joining HDFC AMC, she worked with several other fund houses, including Goldman Sachs, Franklin Templeton Investments, Singapore, Wipro Ltd. and S. R. Batliboi & Co. She manages 5 schemes in total with an AUM of 10,242 Cr

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

HDFC Mutual Fund
AUM:
5,56,006 Cr
Address:
HDFC House, 2nd Flr, H.T.Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400 020.
Contact:
022 - 6631 6333
Email ID:
cliser@hdfcfund.com

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Frequently Asked Questions

How to invest in HDFC ELSS Tax Saver Fund – Direct Growth ?

You can invest in HDFC ELSS Tax Saver Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for HDFC ELSS Tax Saver Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of HDFC ELSS Tax Saver Fund – Direct Growth ?

The NAV of HDFC ELSS Tax Saver Fund – Direct Growth is ₹1,228.5 as of 18 March 2024.

How to redeem HDFC ELSS Tax Saver Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of HDFC ELSS Tax Saver Fund – Direct Growth?

The minimum SIP amount of HDFC ELSS Tax Saver Fund – Direct Growth is ₹500

What are the top sectors HDFC ELSS Tax Saver Fund – Direct Growth has invested in?

The top sectors HDFC ELSS Tax Saver Fund – Direct Growth has invested in are
  1. Banks - 34.77%
  2. IT-Software - 10.05%
  3. Pharmaceuticals & Biotech - 8.6%
  4. Debt - 7.03%
  5. Automobiles - 5.92%

Can I make investments in both the SIP and Lump Sum schemes of HDFC ELSS Tax Saver Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of HDFC ELSS Tax Saver Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have HDFC ELSS Tax Saver Fund – Direct Growth generated ?

The HDFC ELSS Tax Saver Fund – Direct Growth has delivered 15.4% since inception

What is the expense ratio of HDFC ELSS Tax Saver Fund – Direct Growth ?

The expense ratio of HDFC ELSS Tax Saver Fund – Direct Growth is 1.14 % as of 18 March 2024.

What is the AUM of HDFC ELSS Tax Saver Fund – Direct Growth?

The AUM of HDFC ELSS Tax Saver Fund – Direct Growth is ₹5,56,006 Cr as of 18 March 2024

What are the top stock holdings of HDFC ELSS Tax Saver Fund – Direct Growth?

The top stock holdings of HDFC ELSS Tax Saver Fund – Direct Growth are
  1. ICICI Bank - 9.52%
  2. HDFC Bank - 9.29%
  3. Axis Bank - 6.07%
  4. Cipla - 5.57%
  5. HCL Technologies - 5.54%

How can I redeem my investments in HDFC ELSS Tax Saver Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select HDFC ELSS Tax Saver Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.
Invest Now