HDFC Asset Management Company Limited

HDFC Taxsaver - Growth Plan

EquityTax Savings
  • Plan: Regular
  • |
  • Type: Open-Ended
  • |
  • Option: Growth
  • 1 yr return9.1%
  • 3 yr return16.3%
  • 5 yr return8.8%
  • Expense Ratio1.82%
  • Lock-in Period-3 years
  • Exit Load0%
  • Fund Size (Cr)Rupees9992.8
  • NAVRupees808.8

Performance Graph

  • Show returns for: 1 yr 3 yrs 5 yrs
Preparing graph...

Returns Calculator

  • Show returns for: SIP Lumpsum
  • Monthly SIP (Rupees)
  • Investment years: 1 3 5
  • Amount invested/month: Rupees-
  • Time Period: 1 years
  • Estimated Returns: Rupees0

Analysis

About HDFC TaxSaver Fund

HDFC TaxSaver Fund is an open-ended equity-linked saving scheme which comes with a lock-in period of 3 years & tax benefits.

Investment Objective

The investment objective of the scheme is to provide for income & long-term capital appreciation to the investors by making investments in a diversified portfolio of equity & equity-related securities across market capitalizations & sectors.

Benchmark

The Benchmark of the scheme is Nifty 500 TRI.

Investment Details

ParticularsMinimum Amount
Minimum Application AmountRs.500 & in multiples of Rs.500 thereafter
Minimum Additional InvestmentRs.500 & in multiples of Rs.500 thereafter

SIP Details

TypeMinimum AmountMinimum Installments
DailyRs.500 & in multiples of Rs.500 thereafter.-
Weekly6
Monthly (Less than Rs.1,000)12
Monthly (Equal to or greater than Rs.1,000)6
Quarterly (Less than Rs.3,000)4
Quarterly (Equal to or greater than Rs.3,000)2

Loads

Entry Load: Nil

Exit Load: Nil

Suitability

HDFC TaxSaver Fund is suitable for investors with moderate to high-risk appetite looking to invest for a period of 5 years & above. This fund is recommended to investors seeking long term capital appreciation along with the dual benefit of meeting their tax-saving needs.

Taxation:

As the fund predominantly invests in equity securities, HDFC TaxSaver Fund has the taxability of an equity mutual fund scheme. Following taxation is applicable:

  • If the units are sold after 1 year, then the gains on investments are treated as Long Term Capital Gains (LTCG). LTCG of up to Rs 1 lacs in a financial year is tax-free and above that, it is taxed at the rate of 10% without the benefit of indexation.
  • If the units are sold within 1 year, then the gains are treated as Short Term Capital Gains (STCG) and are taxed at the rate of 15%.

Being an ELSS Scheme, contributions to HDFC TaxSaver Fund are eligible for claiming tax deductions under Section 80C of the Income Tax Act,1961.

HDFC TaxSaver Fund’s Asset Allocation

Under normal conditions, the pattern of asset allocation is as follows:

AssetsMinimum indicative allocation (% of total assets)Maximum indicative allocation (% of total assets)Risk Profile
Equity & Equity related securities 80100High 
Debt & money market instruments020Low to Moderate

Who should invest?

ELSS funds are those equity mutual funds that invest in equity & equity-related securities of companies across market capitalizations & different sectors. These funds provide an opportunity for investors to earn capital gains through its equity investments along with offering tax benefits.

Investments in HDFC TaxSaver Fund can be made by investors who want to invest for their tax-saving needs. The fund has a multi-cap portfolio that provides a diversified equity portfolio and can generate good returns over long periods.

Investors looking to invest in a tax-saving product with high risk/reward characteristics could consider ELSS funds. Though the fund has a lock-in of 3 years, we recommend investments for at least 5 years or more to earn potential good returns on the investments.

Eligibility

The following people are eligible for investing in this scheme:

  • Indian Resident Adults (single holder or on a joint basis)
  • Hindu Undivided Family
  • Partnership entities
  • Limited Liability Partnership units
  • Minor through parent or a legal guardian
  • Sole Proprietor
  • Corporates, PSUs & others.
  • NRIs/POIs/OCIs
  • Banks & Financial Institutions
  • Religious & Charitable Trusts
  • Defense & paramilitary units 
  • Foreign Portfolio Investors
  • Pension/Provident/Gratuity Funds
  • Trustee, AMCs or Sponsors
  • Other schemes of HDFC MF or other mutual funds
  • Alternative Investment Funds
  • Others

How to invest?

You can invest in HDFC TaxSaver Fund through any AMFI distributor, AMC, banks, or third party platforms. If you need any help with your investments, you can reach out to our ZFunds Experts on Whatsapp - 7217746224.

Write a Review

Investment Objective

To Generate Capital Appreciation / Income From A Portfolio, Comprising Predominantly Of Equity & Equity Related Instruments. There Is No Assurance That The Investment Objective Of The Scheme Will Be Realized.

Tax Implications

Taxation on mutual fund explained : https://zfunds.in/article/taxes-on-mutual-funds

Riskometer

Top Holdings

  • Companies %
  • HDFC Bank Ltd. 9.7
  • ICICI Bank Ltd. 9.5
  • State Bank of India 6.1
  • Bharti Airtel Ltd. 6
  • Hindustan Aeronautics Limited 5
  • Infosys Limited 4.9
  • Mahindra & Mahindra Ltd. 4.6
  • HCL Technologies Ltd. 4.5
  • NTPC Limited 4.1
  • Cipla Ltd. 3.7
  • Dr Reddys Laboratories Ltd. 3.5
  • Sectors %
  • Banks30.4
  • Internet and Technology11
  • Pharmaceuticals8.4
  • Automobiles7.4
  • Telecom6.2

Fund House