HDFC TaxSaver -Direct Plan - Growth Option

About HDFC TaxSaver - Direct Plan - Growth

HDFC TaxSaver is an open-ended Equity Linked Saving Scheme (ELSS) that offers tax benefits to the investor under Section 80C of the Income Tax Act, 1961. The fund comes with a mandatory lock-in period of three years as prescribed by the act. The scheme offers the dual benefit of tax-saving and wealth creation. About 80%-100% of the portfolio is invested in equity and equity-related securities.

Pros and Cons of HDFC TaxSaver - Direct Plan - Growth

The exit load for the scheme is zero. However, a lock-in period is applicable making it inconvenient to redeem/switch out funds. Further, the one-year, three-year, and five-year returns for the fund are higher than the category average returns.

Fund Information and Statistics

i) Inception/Launch Date

The fund scheme was rolled out on 31 March 1996.

ii) Risk Level

The fund comes with a moderately high risk profile since it invests about 80%-100% of the assets in equity and equity-related instruments.

iii) Redemption

A lock-in period of three years is applicable on the principal invested. Investors must abide by this lock-in period to reap the tax benefits.

iv) Fund Manager

Mr Amit B Ganatra and Mr Anand Laddha are the current Fund Managers for the scheme.

v) Entry/Exit Load

The entry and exit load for the scheme is zero.

About HDFC Mutual Fund

HDFC Mutual Fund is a renowned fund house in India and was set up on 30 June 2000. Housing Development Finance Corporation Limited and Standard Life Investments Limited are the sponsors for the fund house. On the other hand, HDFC Trustee Company Limited is the trustee company. It offers 100 different folios to its customers as of 30 September 2020.