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IDFC Tax Advantage (ELSS) Fund

An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit

EquityInception Date:26/12/2008Ask an Advisor

An Equity Linked Savings Scheme (ELSS), with a 3 year lock in, that enables investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961.

  • Min Investment 500
  • Min SIP Amount 500
  • Exit Load
    Nil
Investors understand that their principal will be at Moderately High.

This product is suitable for investors who are seeking* :

  • To create wealth over long term.
  • Investment predominantly in Equity and Equity related securities with income tax benefit u/s 80C and 3 years lock-in.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Scheme is suitable for goals with a horizon of 5+ years, Tax Savings

Benchmark : S&P BSE 200Alternate Benchmark : Nifty 50 TRI

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Annualised Returns7.83%1yr10.43%3yr7.56%5yr
NAV 56.2800 as on 17/02/2020-0.68(-1.20%) Get NAV History

Daylynn Pinto

He has been associated with IDFC AMC since October 2016 and is responsible for investments and equity fund management. He also undertakes equity research. Prior to joining IDFC AMC, he was associated with UTI Asset Management Co. Ltd. as Fund Manager, responsible for fund management. He also undertook Equity research. (July 2006 to September 2016). Mr Pinto has an experience spanning over 14 years in the mutual fund industry.

Value of 10,000 invested in IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth

Annualized Returns

IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth

Value:10,783.14
Return:7.83%

S&P BSE 200 TRI #

Value:11,114.72
Return:11.15%

Nifty 50 TRI ##

Value:11,184.43
Return:11.84%
Scheme NamesCAGR Returns (%)Current value of Investment of 10,000
1 year3 year5 year26/12/2008 Since inception1 year3 year5 year26/12/2008 Since inception
IDFC Tax Advantage (ELSS) Fund - Regular Plan - Growth7.8310.437.5616.7910,783.1413,465.314,401.6256,040
S&P BSE 200 TRI #11.1512.258.0916.1111,114.7214,142.8914,762.0752,537.87
Nifty 50 TRI ##11.8413.297.6715.1411,184.4314,539.5114,476.2247,827.32
# Scheme Benchmark   |   ## Scheme Alternate Benchmark

This fund is managed by Daylynn Pinto (w.e.f 20/10/2016 )

*Performance based on NAV as on 17/02/2020.

View fund performance of other funds managed by Daylynn Pinto

Past performance may or may not be sustained in future.
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.

Taxation:

  • Equity oriented mutual funds - Long Term Capital Gains Tax (holding period is 12 months from date of investment^): 10%*#
  • Short Term capital Gains Tax: 15%*
  • Dividend Distribution Tax: 10%*
  • Other than Equity oriented mutual funds - Long Term Capital Gains Tax (holding period is 36 months from date of investment): 20% with indexation*
  • Short Term capital Gains Tax: As per income tax slab*
  • Dividend Distribution Tax: 25%*

#LTCG exceeding Rs. 1,00,000 on transfer of units of equity oriented mutual fund would be taxable at the rate of 10%
(plus applicable surcharge and education cesses) subject to payment of securities transaction tax at the time of transfer. 
*These rates will further increase by applicable surcharge and education cess 
The information provided above is as per prevailing taxation laws and applicable to Individuals who are Residents in India respectively. 
^Securities transaction tax (STT) will be deducted on equity funds at the time of redemption and switch to the other schemes.

Dividend HistoryDividend History

Record Date/ UnitNAV

27/03/2019

0.37

16.7300

27/09/2018

0.48

16.8600

09/02/2018

0.68

18.6811

18/09/2017

0.62

18.1086

27/02/2017

1.24

15.6964

More about IDFC Tax Advantage (ELSS) Fund

IDFC Tax Advantage (ELSS) Fund

Posted on: 14/05/2019