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Indiabulls Tax Savings Fund Direct Growth+0.43%

14.33%
1 Year Return
Equity
ELSS
2.0star
6M
1Y
3Y
All

Fund Details

Indiabulls Tax Savings Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.50%
NAV₹11.81 (20 Jan 2021)
Fund Started28 Dec 2017
Fund Size79 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Fund Returns
14.3%
4.5%
-
5.3%
Category Average
19.4%
6.5%
14.3%
-
Rank Within Category
31
30
-
-
*All returns are annualized.
SIP
ONE TIME
Minimum SIP amount500
Amount Per Month₹5,000
Duration
1Y back
3Y back
Would have become
0
with 14.3% returns per annum

Comparison

Data not available
Pros
1. Exit load is zero
Cons
1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
2. Age is less than 3 years
3. Risk-adjusted returns are lower compared to the category
4. 1Y Returns are lower than the category average returns

Top Holdings

NameSectorInstrument% Assets
HDFC Bank Ltd.FinancialEquity8.7%
Yes Bank Ltd.FinancialEquity5.3%
Indiabulls Nifty 50 Exchange Traded Fund Regular - GrowthFinancialMutual Fund4.5%
HCL Technologies Ltd.TechnologyEquity4.3%
ICICI Bank Ltd.FinancialEquity4.3%
Reliance Industries Ltd.EnergyEquity3.9%
Axis Bank Ltd.FinancialEquity3.6%
Ultratech Cement Ltd.ConstructionEquity3.3%
Larsen & Toubro Ltd.ConstructionEquity3.1%
Nestle India Ltd.FMCGEquity2.9%
See All

Fund Managers

Vikrant Mehta
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Malay Shah
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Karan Singh
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Veekesh Gandhi
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Rajeev Desai
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Indiabulls Tax Savings Fund Direct Growth Details

Indiabulls Tax Savings Fund Direct Growth is a Equity Mutual Fund Scheme launched by Indiabulls Mutual Fund. This scheme was made available to investors on 28 Dec 2017. Malay Shah, Sumit Bhatnagar is the Current Fund Manager of Indiabulls Tax Savings Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹79 Cr and the Latest NAV as of 20 Jan 2021 is ₹11.81.

The Indiabulls Tax Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500.

Investment Objective

The Scheme seeks to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. The scheme shall offer tax benefits under Section 80C of the Income Tax Act.

Tax Implications

Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.

Scheme Information Document(SID)

₹500
Min for First Investment
₹500
Min for Second Investment
Nil
Exit Load

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About Indiabulls Mutual Fund

Address
11th Floor, Indiabulls Finance Centre Tower-1, Senapati Bapat Marg, Elphinstone (West) Mumbai - 400013.
Phone
022-61891300
Launch Date
24 Mar 2011
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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