IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth
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- 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
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- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|ICICI Bank Ltd||7.72%|
|Reliance Industries Ltd||4.03%|
|State Bank of India||3.97%|
|HDFC Bank Ltd||3.89%|
|Axis Bank Ltd||3.38%|
|RBL Bank Ltd||2.61%|
|Deepak Nitrite Ltd||2.49%|
|KEC International Ltd||2.48%|
|Future Retail Ltd||2.03%|
About IDFC Tax Advantage ELSS Fund
IDFC Tax Advantage ELSS Fund aims to achieve wealth maximisation for the investors in the long term. The fund manager maintains a well-diversified portfolio consisting of stocks of companies across market capitalisation and sectors. Only those stocks are picked which have strong fundamentals and reasonable valuations. However, the scheme does not guarantee assured returns due to presence of market risks.
Pros & Cons of Franklin India Taxshield Fund
IDFC Tax Advantage ELSS Fund offers the following benefits: 1. Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds) 2. Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility. 3. Being a star-rated fund, it has been able to deliver exceptionally higher returns than the benchmark and the category since inception. Additionally, it was able to contain the downside in the year 2011.
Fund Information and Statistics of IDFC Tax Advantage ELSS Fund
i) Inception / Launch date
IDFC Tax Advantage ELSS Fund was launched on 26 December 2008 by IDFC Mutual Fund.
ii) Risk level
Being a multi-cap fund, IDFC Tax Advantage ELSS Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr. Daylynn Gerard Paul, who holds a rich experience of over 12 years in fund management with prestigious fund houses, has been managing the IDFC Tax Advantage ELSS Fund since October 2016.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in IDFC Tax Advantage ELSS Fund
Tax benefits of investing in IDFC Tax Advantage ELSS Fund
IDFC Tax Advantage ELSS Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About IDFC Mutual Fund
After being established in 2000, IDFC Mutual Fund has evolved into one of the largest fund houses in the country. This has become possible on account of the robust network developed by the fund house to render consistent value to its investors who are spread in whole of India.
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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