Indiabulls Tax Savings Growth - Latest NAV ₹9.63, Returns, Performance & Portfolio

Indiabulls Tax Savings Growth

  • highlight
    -1.53%
  • highlight
    (+0.02)9.63

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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 FDPPFELSS
Average Annualised Returns i
6%8%12%
Tax rates i
30%Not taxable10%*
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 years15 years3 years
*Taxable @ 10% over and above Rs 1 lakh.

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years--
1 Year-1.53%
6 Months20.38%
Fund Details
ISININF666M01DN1
RiskModerately High risk
Fund TypeELSS (Tax Savings)
NAV9.63
Exit Load--

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd7.41%
Yes Bank Ltd5.39%
Reliance Industries Ltd5.15%
HCL Technologies Ltd4.79%
Indiabulls Nifty50 ETF4.45%
ICICI Bank Ltd3.62%
UltraTech Cement Ltd3.17%
Infosys Ltd2.96%
Axis Bank Ltd2.91%
Nestle India Ltd2.88%

About Indiabulls Tax Savings Fund

Indiabulls Tax Savings Fund (ITSF) is an open ended equity linked scheme (ELSS) mutual fund from the house of Indiabulls AMC. This ELSS scheme also has a lock in period of 3 year with Tax exemption benefits of 80C. The fund’s investment objective is achievement of long-term capital from a diversified portfolio of predominantly equity and equity-related Securities. The scheme also offers tax benefits under Section 80C of the Income Tax Act.

Pros & Cons of Indiabulls Tax Savings Fund

Indiabulls Tax Savings Fund offers 3 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 recently launched fund, it needs considerable time to prove its full potential. However, in that short interval, it has been able to beat the benchmark and the category in 1 month and 3 month time horizons.

Fund Information and Statistics of HSBC Tax Saver Equity Fund

i) Inception / Launch date

Indiabulls Tax Savings Fund was launched on 20 December 2017 by Indiabulls Mutual Fund.

ii) Risk level

Being a multi-cap fund, Indiabulls Tax Savings Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.

iii) Redemption

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. Sumit Bhatnagar and Mr. Malay Shah, who hold a rich experience of over 14 years in banking, capital markets and finance domain across prestigious organisations, have been managing the Indiabulls Tax Savings Fund since September 2017.

v) Entry / Exit load

The fund house does not charge any entry load and exit load for investing in Indiabulls Tax Savings Fund

Tax benefits of investing in Indiabulls Tax Savings Fund

Indiabulls Tax Savings 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 Indiabulls Mutual Fund

Indiabulls Mutual Fund is one of the leading and fastest growing fund houses in India. It is focused on value-creation by providing growth-oriented financial solutions to its clients. It strives to attain a fine balance between safety, liquidity and return in a transparent and ethical manner.

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Frequently Asked Questions

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Start your investment

Sorry!
Currently this fund is not available on ClearTax Invest. We request you to checkout other Related funds
Moderately High risk

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