HDFC Tax Saver - Growth - Direct Plan

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  • (-1.26%)Nav, as on 13-11-2019

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Fund Overview Growth | Direct Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

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Fund 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.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
HDFC TaxSaver -Direct Plan - Growth Option 4.00 7.74 3.40 7.34 5.96 11.96
NIFTY 50 - TRI 1.98 4.01 3.99 14.97 14.08 13.54
NIFTY 500 - TRI -0.19 1.87 -2.08 14.37 15.42 11.36

Returns upto 1 year is Absolute, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
HDFC TaxSaver -Direct Plan - Growth Option Dec 31, 2012 Unrated 3.40 7.34 5.96 1.39 7,414.24
Axis Long Term Equity Fund - Direct Plan - Growth Option Jan 01, 2013 20.31 16.84 13.22 0.92 21,492.33
Nippon India Tax Saver Fund - Direct Plan Growth Plan - Growth Option - Growth Jan 01, 2013 Unrated 1.60 3.99 4.65 1.28 10,673.58
Aditya Birla Sun Life Tax Relief 96 - Growth - Direct Plan Jan 01, 2013 7.09 12.04 11.76 1.06 9,814.16
ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan - Growth Jan 01, 2013 8.14 9.88 8.85 1.25 6,524.84
DSP Tax Saver Fund - Direct Plan - Growth Dec 31, 2012 17.10 11.88 11.93 0.85 6,102.99

Fund Holdings as on 31-October-2019

  • ICICI Bank Ltd.

  • NTPC Limited

  • Reliance Industries Ltd.

  • State Bank of India

  • HDFC Bank Ltd.

  • Larsen and Toubro Ltd.

  • Bharat Petroleum Corporation Ltd.

  • TREPS - Tri-party Repo

  • Infosys Limited

  • GAIL (India) Ltd.

  • ITC Ltd.

  • Axis Bank Ltd.

  • Vedanta Ltd.

  • Cipla Ltd.

  • Tata Steel Ltd.

  • NHPC Ltd.

  • Power Grid Corporation of India Ltd

  • Oracle Financial Ser Software Ltd

  • Bharat Electronics Ltd.

  • Solar Industries India Ltd.

  • Hindustan Petroleum Corp. Ltd.

  • L&T Technology Services Ltd.

  • Tata Motors Limited DVR

  • Coal India Ltd.

  • Kalpataru Power Transmission Ltd.

  • Gujarat Pipavav Port Ltd.

  • Mahanagar Gas Ltd.

  • Tata Motors Ltd.

  • Shriram Transport Finance Co. Ltd.

  • Aurobindo Pharma Ltd.

  • Torrent Pharmaceuticals Ltd.

  • Max Financial Services Ltd.

  • Sadbhav Engineering Ltd.

  • BEML Limited

  • Bharat Heavy Electricals Ltd.

  • eClerx Services Limited

  • Glenmark Pharmaceuticals Ltd.

  • Hindustan Construction Company Ltd.

  • Dynamatic Technologies Ltd.

  • ITD Cementation India Ltd.

  • CG Power and Industrial Solutions Ltd.

  • Sadbhav Infrastructure Project Ltd. (Corporate Guarantee of Sadbhav Engineering Ltd.)

  • Persistent Systems Limited

  • Somany Home Innovation Limited

  • MPS Ltd.

  • HSIL Ltd.

  • Tata Steel Ltd.

  • Siti Networks Ltd.

  • Net Current Assets

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  • Bank - Private

  • Refineries

  • Power Generation/Distribution

  • IT - Software

  • Engineering - Construction

  • Bank - Public

  • Miscellaneous

  • Industrial Gases & Fuels

  • Cigarettes/Tobacco

  • Pharmaceuticals & Drugs

  • Engineering - Industrial Equipments

  • Metal - Non Ferrous

  • Steel & Iron Products

  • Chemicals

  • Engineering

  • Mining & Minerals

  • Transmission Towers / Equipments

  • Port

  • Gas Transmission/Marketing

  • Automobiles-Trucks/Lcv

  • Finance - NBFC

  • Finance - Others

  • BPO/ITeS

  • Compressors / Pumps

  • Electric Equipment

  • Unspecified

  • Printing And Publishing

  • Ceramics/Marble/Granite/Sanitaryware

  • TV Broadcasting & Software Production

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About HDFC Tax Saver

HDFC Tax Saver Fund is an equity linked savings fund from HDFC Mutual Fund, having objective of wealth creation in the long term. 

Launched in March 1996, HDFC Tax Saver is one of the oldest funds in the ELSS category. The fund has managed to outperform its benchmark Nifty 500 index across several time frames in the past.

Being an ELSS, HDFC Tax Saver Fund has a mandate to invest at least 80% of its assets in equity and equity related instruments. As a defensive consideration, it may also take exposure to debt, cash and equivalent assets to the tune of 20%. The fund has flexibility to hold up to 40% of its assets in ADRs and GDRs. Under normal circumstances, HDFC Tax Saver Fund prefers to remain fully invested with 80-90% of its assets in equity and rarely take aggressive cash calls.

In order to provide long term capital appreciation, HDFC Tax Saver Fund mainly aims to invest in growth oriented companies. The fund follows bottom up approach of stock picking where in it focuses mainly on company specific factors rather than the macro-economic variables affecting the functioning of a particular industry. 

HDFC Tax Saver Fund aims for medium to large sized companies which are likely to achieve above average growth than the industry, enjoy distinct competitive advantages and have superior financial strengths. Historically, the fund has been taking long term view on stocks it picks for its portfolio and is cautious to the valuations of companies it invests in. HDFC Tax Saver Fund follows a simple strategy of staying fully invested in a portfolio of fundamentally sound stocks to avoid the risk of market timing.

Scheme Analysis

HDFC Tax Saver is a Equity - ELSS fund and belongs to HDFC Mutual Fund. It was launched on 31-Dec-2012 and currently has an AUM of ₹7,414.24 crore. HDFC Tax Saver is benchmarked against NIFTY 50 - TRI as primary index and NIFTY 500 - TRI as secondary index.

The NAV of HDFC Tax Saver ended down ₹-6.76(-1.26%)yesterday to ₹530.19.

Among its top 3 holdings the fund has exposure to ICICI Bank Ltd., NTPC Limited and Reliance Industries Ltd.

The HDFC Tax Saver is managed by Vinay R. Kulkarni and Amar Kalkundrikar.

Fund House Contact

HDFC House, 2nd floor, H.T. Parekh Marg, 165-166 Backbay Reclamation, Churchgate Mumbai - 400 020

+91 (22) 66316333
cliser@hdfcindia.com
+91 (22) 22821144

Fund Manager

  • Education:B.Tech (IIT, Mumbai),PGDM (IIM,Bangalore)
  • Experience:23 Years
  • Basic Details:Mr. Vinay R. Kulkarni has collectively over 22 years of experience, of which 20 years in Fund Management and Equity Research and 2 years in the IT industry. He is with HDFC AMC since November 2006 till date. Prior to this he has held various positions in Tata Asset Management Limited, Deutsche Asset Management (India) Pvt. Ltd., UTI Asset Management Company (Pvt.) Ltd., Patni Computer Systems Limited.
  • Funds Managed:
  • HDFC Equity Savings Fund
  • HDFC Focused 30 Fund
  • HDFC Growth Opportunities Fund
  • HDFC Tax Saver

  • Cash

  • Equity

  • Rights

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