Indiabulls Tax Savings 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
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|HDFC Bank Ltd||7.41%|
|Yes Bank Ltd||5.39%|
|Reliance Industries Ltd||5.15%|
|HCL Technologies Ltd||4.79%|
|Indiabulls Nifty50 ETF||4.45%|
|ICICI Bank Ltd||3.62%|
|UltraTech Cement Ltd||3.17%|
|Axis Bank Ltd||2.91%|
|Nestle India Ltd||2.88%|
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:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- 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.
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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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