HDFC TaxSaver ELSS Mutual Fund Full Details

HDFC ELSS Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) that offers tax benefits under Section 80C of the Indian Income Tax Act, allowing deductions up to ₹1.5 lakh per financial year. The scheme has a mandatory lock-in period of three years.

Fund Overview:

• Launch Date: March 31, 1996
• Fund Type: Open-ended ELSS equity scheme
• Fund Managers: Roshi Jain (since January 13, 2022) and Rakesh Vyas (since May 10, 2012).

Performance and Returns:

• Net Asset Value (NAV): As of February 18, 2025, the NAV for the Growth option of the Regular plan is ₹1,269.73.
• Returns: The fund has delivered returns of 11.98% over the past year, 21.49% over three years, and 20.13% over five years. Since its inception, it has achieved a return of 23.22%.

Fund Size and Expense Ratio:

• Assets Under Management (AUM): ₹15,413.45 crore as of December 31, 2024.
• Expense Ratio: The expense ratio for the Regular plan is 1.69% as of January 31, 2025.

Investment Details:

• Minimum Investment: ₹500 for both lump sum and SIP investments.
• Lock-in Period: 3 years
• Tax Benefits: Investments qualify for deductions under Section 80C up to ₹1.5 lakh per financial year.

Portfolio Composition: As of September 30, 2023, the fund's asset allocation includes approximately 95.9% in equities and 4.1% in cash and cash equivalents. The top 10 equity holdings constitute around 58.74% of the assets, with the top three sectors accounting for approximately 57.97% of the assets.

Investment Options: The fund offers both Regular and Direct plans, each with Growth and Dividend options. The Direct plan typically has a lower expense ratio compared to the Regular plan, as it excludes distributor commissions.

How to Invest: Investors can purchase units directly from the HDFC Mutual Fund website or through mutual fund distributors and financial advisors. Online investment platforms also facilitate investments in this fund.

Risk Factors: As an equity-oriented fund, HDFC ELSS Tax Saver Fund carries a high risk. Investors should assess their risk tolerance and investment horizon before investing.

For the most current information and personalized advice, consider consulting a financial advisor or visiting the official HDFC Mutual Fund website.