HDFC Tax Saver - Growth - Regular Plan

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Fund Overview Growth | Regular Plan

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  • Benchmark

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  • Exit Load (%)

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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-Growth Plan 0.02 5.64 1.12 12.60 12.39 24.92
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 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
HDFC TaxSaver-Growth Plan Mar 31, 1996 1.12 12.60 12.39 2.10 7,405.62
Edelweiss Long Term Equity Fund (Tax Savings) - Regular Plan - Growth Option Dec 30, 2008 -3.33 9.75 12.79 2.62 90.51
Edelweiss Tax Advantage Fund - Regular Plan - Growth Option Jan 27, 2009 -4.56 9.58 12.23 2.67 9.91
ICICI Prudential R.I.G.H.T. Fund Growth Sep 26, 2009 -1.22 15.07 16.60 2.66 46.24
Quant Tax Plan-Growth Mar 31, 2000 1.86 14.75 18.96 2.50 9.68
Quantum Tax Saving Fund - Regular Plan Growth Option Dec 23, 2008 5.05 12.09 13.09 1.28 79.71

Fund Holdings as on 31-March-2019

  • HDFC Bank Ltd.

  • ICICI Bank Ltd.

  • Infosys Limited

  • Reliance Industries Ltd.

  • NTPC Limited

  • State Bank of India

  • Larsen and Toubro Ltd.

  • GAIL (India) Ltd.

  • ITC Ltd.

  • Vedanta Ltd.

  • Tata Steel Ltd.

  • Axis Bank Ltd.

  • Cipla Ltd.

  • Bharat Petroleum Corporation Ltd.

  • NHPC Ltd.

  • Oracle Financial Ser Software Ltd

  • National Bank for Agri & Rural Dev.**

  • Power Grid Corporation of India Ltd

  • Bharat Electronics Ltd.

  • Solar Industries India Ltd.

  • L&T Technology Services Ltd.

  • Net Current Assets

  • Aurobindo Pharma Ltd.

  • Gujarat Pipavav Port Ltd.

  • Kalpataru Power Transmission Ltd.

  • Sadbhav Engineering Ltd.

  • Tata Motors Limited DVR

  • COAL INDIA LTD

  • Tata Motors Ltd.

  • eClerx Services Limited

  • Bharat Heavy Electricals Ltd.

  • Torrent Pharmaceuticals Ltd.

  • Max Financial Services Ltd.

  • BEML Limited

  • Hindustan Petroleum Corp. Ltd.

  • Glenmark Pharmaceuticals Ltd.

  • Persistent Systems Limited

  • CG Power and Industrial Solutions Ltd.

  • ITD Cementation India Ltd.

  • Hindustan Construction Company Ltd.

  • Collateralised Borrowing & Lending Obligation

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

  • HSIL Ltd.

  • Dynamatic Technologies Ltd.

  • MPS Ltd.

  • Siti Networks Ltd.

  • Tata Steel Ltd.

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  • Bank - Private

  • Power Generation/Distribution

  • IT - Software

  • Refineries

  • Engineering - Construction

  • Bank - Public

  • Industrial Gases & Fuels

  • Pharmaceuticals & Drugs

  • Cigarettes/Tobacco

  • Metal - Non Ferrous

  • Steel & Iron Products

  • Engineering - Industrial Equipments

  • Miscellaneous

  • Chemicals

  • Engineering

  • Port

  • Transmission Towers / Equipments

  • Mining & Minerals

  • Automobiles-Trucks/Lcv

  • BPO/ITeS

  • Finance - Others

  • Electric Equipment

  • Ceramics/Marble/Granite/Sanitaryware

  • Compressors / Pumps

  • Printing And Publishing

  • 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-Mar-1996 and currently has an AUM of ₹7,405.62 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 up ₹4.59(0.88%)yesterday to ₹525.26.

Among its top 3 holdings the fund has exposure to HDFC Bank Ltd., ICICI Bank Ltd. and Infosys Limited

The HDFC Tax Saver is managed by Vinay R. Kulkarni and Rakesh Vyas.

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
www.hdfcfund.com

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

  • IND - A1+

  • Rights

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