IDFC Tax Saver (ELSS) Fund

IDFC Tax Saver (ELSS) Fund is managed by Aniruddha Naha since May 2013. Investing in this fund enables to avail income tax rebate, as permitted from time to time. The fund’s performance has been close to the category average in most periods. If you have not invested in this fund you can choose from the best performing ELSS.

Where does IDFC Tax Saver (ELSS) Fund invest your money?

IDFC Tax Saver (ELSS) Fund’s portfolio is large cap biased which means most of your money will be invested in stocks of large companies. About 88% to stocks of large size companies, 7% of the fund’s money is allocated to stocks of mid size companies and 5% to those of small companies. Mid size stocks can give kicker returns as they turn into large stocks but this happens not so frequently.

Suitable for what?
  • Saving on tax outgo
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Lifestyle needs
Not suitable for?
  • Creation of wealth
  • Short term needs
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has IDFC Tax Saver (ELSS) performed in the past?

If you had invested Rs 1 lakh when the fund was launched in Mar 2007, your value of investments would be around Rs 1.37 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.36 lakhs. The performance has been better or similar to other large cap mutual funds. 

Assume you had invested Rs 10,000 every month in IDFC Tax Saver (ELSS) Fund through SIP for the past 5 years today you would have around Rs 7.15 lakhs.
What charges apply?

No exit load applies for units withdrawn in this scheme. Expense ratio of IDFC Tax Saver (ELSS) Fund is 2.92%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you did not withdraw within 1 year. IDFC Tax Advantage (ELSS) Fund qualifies for sec 80C ELSS benefits, which means you can invest up to Rs 1 lakh a year in this fund and deduct the amount from your gross total income for computing income tax.

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