Indiabulls Tax Savings Fund Direct Growth-0.30%

-2.87%
1 Year Return
Equity
ELSS
2.0star
6M
1Y
All

Fund Details

Indiabulls Tax Savings Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.50%
NAV9.82 (29 Oct 2020)
Fund Started28 Dec 2017
Fund Size83 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Indiabulls Tax Savings Fund Direct Growth
-2.9%
NA
NA
-0.6%
Category Average
1.8%
1.5%
7.2%
-
Rank within category
30
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    Estimated Value
    as per Historical Returns
    0
    with -2.9% annual returns

    Comparison

    Data not available
    Pros
    1. 1Y Returns are higher than the category average returns
    2. 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

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialEquity7.4%
    Yes Bank Ltd.FinancialEquity5.4%
    Reliance Industries Ltd.EnergyEquity5.2%
    HCL Technologies Ltd.TechnologyEquity4.8%
    Indiabulls Nifty 50 Exchange Traded Fund Regular - GrowthFinancialMutual Fund4.5%
    ICICI Bank Ltd.FinancialEquity3.6%
    Ultratech Cement Ltd.ConstructionEquity3.2%
    Infosys Ltd.TechnologyEquity3.0%
    Axis Bank Ltd.FinancialEquity2.9%
    Nestle India Ltd.FMCGEquity2.9%
    See All

    Fund Managers

    addVikrant Mehta
    Education
    Mr. Mehta is CFA and M.S.
    Experience
    Prior to joining Indiabulls AMC he has worked with Kotak Mahindra Mutual Fund, AIG India Liaison Office, NVS Brokerage Pvt. Ltd., JM Morgan Stanley Fixed Income Securities Pvt. Ltd. and Mata Securities India Pvt. Ltd.
    Funds Managed
    addMalay Shah
    Education
    Mr. Shah is a B.Com and MMS.
    Experience
    Prior to joining Indiabulls Mutual Fund, he has worked as Head- Fixed Income with Essel Mutual Fund.and as Senior Dealer - Fixed Income Group with Derivium Capital.
    Funds Managed
    addKaran Singh
    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.
    Funds Managed
    addVeekesh Gandhi
    Education
    Mr. Gandhi has done MBA & M.Com
    Experience
    Prior to joining Indiabulls Mutual Fund, he has worked with DSP Merrill Lynch Ltd. as Equity Research Analyst, SSKI Securities as Banking and Strategy Analyst and Motilal Oswal Securities as Equity Research Analyst.
    Funds Managed
    addRajeev Desai
    Education
    Mr. Desai has done PGDBM (Finance) and B.E. (Mech).
    Experience
    Prior to joining Indiabulls Mutual Fund, he has worked with Systematix Shares & Stocks (I) Ltd, IFCI Financial Services Ltd., IDFC Securities Ltd. (earlier IDFC SSKI Securities Ltd.), Batliboi Ltd., Blue Star Ltd., Contec Airflow India Pvt. Ltd.
    Funds Managed

    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 ₹83 Cr and the Latest NAV as of 29 Oct 2020 is ₹9.82.

    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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