HDFC TaxSaver Growth
HDFC TaxSaver Growth3Morning Star
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Min amount: ₹500
- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||9.63%|
|State Bank of India||7.51%|
|HDFC Bank Ltd||6.71%|
|Larsen & Toubro Ltd||6.09%|
|Reliance Industries Ltd||5.67%|
|Bharat Petroleum Corp Ltd||5.47%|
|GAIL (India) Ltd||3.51%|
About HDFC Tax Saver
HDFC Tax Saver is an equity-linked saving scheme (ELSS) that constitutes equity funds and equity-related funds portfolio. The aim of this fund is to generate capital appreciation and enable investors to avail deduction under Section 80C.
Pros & Cons of HDFC Tax Saver
The fund is managed by experienced managers with stable investment team. It predominantly, that is, around 70-80% invests in large-cap stocks and rest small/mid caps. The short-term investment in this fund may lead to underperformance, but long-term will give good results.
Fund Information and Statistics of HDFC Tax Saver
i) Inception / Launch date
This fund was launched on 31 March 1996 by HDFC Asset Management
ii) Risk level
Risk is moderately high as fund’s performance is driven by the market’s wide fluctuations
Being an ELSS tax saver fund, it can be redeemed after a minimum lock-in period of 3 years, under normal circumstances, the fund house will dispatch the redemption proceeds to the respective bank account within 10 business days from date of receipt of the request.
iv) Fund Manager
Vinay Kulkarni is an experienced fund manager who has been managing this fund since November 2006.
v) Entry / Exit load
Exit load for this fund is 0%. However, an expense ratio of 2.11% will be applied every year.
Tax benefits of investing in HDFC Tax Saver
The fund has a 3-year lock-in period. At the time of sale, it will be considered as long-term capital gains. Gains over and above Rs 1 lakh, made on the sale of units after 1 year from the date of allotment will be taxable at the rate of 10% (without indexation).
About HDFC Mutual Fund
HDFC Mutual Fund has left no stone unturned to cater to investors from all walks of life. Be it any financial goal – long-term, short-term, retirement, tax-saving and so on – HDFC has that plan for you. Majority of the mutual fund products they offer have CRISIL ratings of 3 and more. Investors from any income background have a gamut of choice in every asset classes and risk profile.
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Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns