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Indiabulls Tax Savings Fund Direct IDCW

Equity
ELSS
Very High Risk
3Y Lock In
11.04%
3Y annualised
+0.38% 1D
1M
6M
1Y
3Y
All
NAV: 23 May 2022₹13.37
Min. SIP amount₹500
Rating2
Fund size₹41.90Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA8.5%11.0%6.8%
Category averageNA54.9%14.2%NA
Rank with in categoryNA1931NA
Understand terms

Holdings (37)

NameSectorInstrumentAssets
Indiabulls Nifty 50 Exchange Traded Fund - GrowthFinancialMutual Fund13.1%
Reliance Industries Ltd.EnergyEquity8.2%
HDFC Bank Ltd.FinancialEquity6.8%
Infosys Ltd.TechnologyEquity6.2%
ICICI Bank Ltd.FinancialEquity6.1%
Larsen & Toubro Ltd.ConstructionEquity5.0%
State Bank of IndiaFinancialEquity4.1%
Tata Consultancy Services Ltd.TechnologyEquity3.7%
Bharti Airtel Ltd.CommunicationEquity2.8%
Kotak Mahindra Bank Ltd.FinancialEquity2.7%
See All

Expense ratio, exit load and tax

Expense ratio: 0.50%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Sumit Bhatnagar
May 2021 - Present
View details

Education
Mr. Bhatnagar is an MBA (Investment Management) from University of Toronto, Canada and CFA Charter (USA).
Experience
Prior to joining Indiabulls Mutual Fund he has worked with SEBI.
Also manages these schemes

Karan Singh
May 2020 - Present
View details

Education
Mr. Singh is B.A (Honours) in Economics, PGDBF & CFA - Level 1
Experience
Prior to joining IndiaBulls Mutual Fund he has worked with Taurus Corporate Advisory Services Ltd., DIOS Capital, Invesco Asset Management Company Ltd., Fidelity Investments and ICRA Ltd.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Indiabulls Finance Centre - 11th Floor,Elphinstone Mills, Senapati Bapat Marg,Elphinstone (W), Mumbai 400013
Phone
022-61891300 / 1800-2666-002
Launch Date
10 Apr 2008
Website
NA
Amc Image
Indiabulls Mutual Fund
Asset Management Company
Custodian
HDFC Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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FAQs

How to Invest in Indiabulls Tax Savings Fund Direct IDCW?

You can easily invest in Indiabulls Tax Savings Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Indiabulls Tax Savings Fund Direct IDCW from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Indiabulls Tax Savings Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Indiabulls Tax Savings Fund Direct IDCW provide?

The Indiabulls Tax Savings Fund Direct IDCW has been there from 28 Dec 2017 and the average annual returns provided by this fund is 8.47% since its inception.

How much expense ratio is charged by Indiabulls Tax Savings Fund Direct IDCW?

The term Expense Ratio used for Indiabulls Tax Savings Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Indiabulls Tax Savings Fund Direct IDCW is 0.50% as of 24 May 2022...

What is the AUM of Indiabulls Tax Savings Fund Direct IDCW?

The AUM, short for Assets Under Management of Indiabulls Tax Savings Fund Direct IDCW is ₹41.90Cr as of 24 May 2022.

How to Redeem Indiabulls Tax Savings Fund Direct IDCW?

If you want to sell your Indiabulls Tax Savings Fund Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Indiabulls Tax Savings Fund Direct IDCW?

You can select either SIP or Lumpsum investment of Indiabulls Tax Savings Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Indiabulls Tax Savings Fund Direct IDCW?

The NAV of Indiabulls Tax Savings Fund Direct IDCW is ₹13.37 as of 23 May 2022.

What is the PE and PB ratio of Indiabulls Tax Savings Fund Direct IDCW?

The PE ratio ratio of Indiabulls Tax Savings Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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