The HDFC ELSS Tax Saver, managed by HDFC Mutual Fund, is a popular Equity Linked Savings Scheme (ELSS) in India. Launched on March 31, 1996, the fund aims to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related instruments.
- NAV (as of 03rd July, 2024): ₹1322.499
- Crisil Rank: Very good performance among peers
- Fund Size: ₹14,752.93 Cr
- Expense Ratio: 1.73% (Category average: 1.85%)
- Risk-O-Meter: Very High
HDFC ELSS Tax Saver – Performance Overview
| Performance Metrics | HDFC ELSS Tax Saver | Nifty 500 TRI | Category Average |
| 1 Month Return | 4.84% | 6.13% | 47/60 |
| 3 Month Return | 12.47% | 12.88% | 38/60 |
| 6 Month Return | 21.54% | 19.89% | 21/60 |
| YTD (Year-To-Date) | 21.32% | 19.50% | 20/60 |
| 1 Year Return | 47.42% | 47.26% | 41.60% |
| 2 Year Return | 89.21% | 37.38% | 33.76% |
| 3 Year Return | 103.78% | 26.73% | 21.46% |
| 5 Year Return | 147.50% | 19.85% | 21.15% |
| 10 Year Return | 261.85% | 13.71% | 15.16% |
| Since Inception | 13124.99% | 18.86% | 17.88% |
Returns
| Period | ₹10,000 Invested On | Latest Value | Absolute Returns | Annualized Returns | Category Avg | Rank within Category |
| 1 Week | 26-Jun-24 | ₹10,090.60 | 0.91% | – | 1.83% | 56/60 |
| 1 Month | 03-Jun-24 | ₹10,484.00 | 4.84% | – | 6.13% | 47/60 |
| 3 Months | 03-Apr-24 | ₹11,247.10 | 12.47% | – | 12.88% | 38/60 |
| 6 Months | 03-Jan-24 | ₹12,153.60 | 21.54% | – | 19.89% | 21/60 |
| YTD | 01-Jan-24 | ₹12,131.80 | 21.32% | – | 19.50% | 20/60 |
| 1 Year | 03-Jul-23 | ₹14,741.70 | 47.12% | 47.26% | 41.60% | 12/60 |
| 2 Years | 01-Jul-22 | ₹18,921.20 | 89.21% | 37.38% | 33.76% | 18/55 |
| 3 Years | 02-Jul-21 | ₹20,378.10 | 103.78% | 26.73% | 21.46% | 10/55 |
| 5 Years | 03-Jul-19 | ₹24,749.80 | 147.50% | 19.85% | 21.15% | 26/53 |
| 10 Years | 03-Jul-14 | ₹36,185.40 | 261.85% | 13.71% | 15.16% | 22/27 |
| Since Inception | 02-Apr-96 | ₹1,322,499.00 | 13124.99% | 18.86% | 17.88% | 19/58 |
Tax Treatment
- Investments in this fund are locked in for 3 years from the purchase date.
- Long-term capital gains tax of 10% is applicable on gains exceeding ₹1 lakh in a financial year.
HDFC ELSS Tax Saver – Portfolio Composition
| Asset Class | Allocation |
| Equity | 91.11% |
| Debt | 0.34% |
| Cash & Others | 8.55% |
Equity Allocation
| Market Cap | Percentage |
| Large Cap | 61.59% |
| Mid Cap | 7.33% |
| Small Cap | 5.53% |
| Other | 16.66% |
Top Stocks
| Stock | Sector | Value (Cr) | % of Total Holdings | 1M Change | Quantity | 1M Change in Qty |
| HDFC Bank Ltd. | Private sector bank | 1424.35 | 9.65% | 0.04% | 93.00 L | 1.50 L |
| ICICI Bank Ltd. | Private sector bank | 1401.32 | 9.50% | -0.43% | 1.25 Cr | 0.00 |
| Axis Bank Ltd. | Private sector bank | 1092.43 | 7.40% | 0.47% | 94.00 L | 8.00 L |
| Cipla Ltd. | Pharmaceuticals | 781.49 | 5.30% | 0.27% | 54.00 L | 2.00 L |
| Bharti Airtel Ltd. | Telecom – cellular & fixed line services | 727.56 | 4.93% | 0.09% | 53.00 L | 0.00 |
Risk Ratios
| Metric | Value | Category Average |
| Standard Deviation | 12.77 | 14.24 |
| Beta | 0.85 | 0.91 |
| Sharpe Ratio | 1.37 | 0.93 |
| Treynor’s Ratio | 0.21 | 0.15 |
| Jensen’s Alpha | 6.96 | 2.04 |
HDFC ELSS Tax Saver – Peer Comparison
| Fund Name | 1Y Returns |
| Quant ELSS Tax Saver Growth | 58.44% |
| DSP ELSS Tax Saver Fund Regular Plan Growth | 47.62% |
| Nippon India ELSS Tax Saver Fund Growth | 45.66% |
| ICICI Prudential ELSS Tax Saver Fund Growth | 32.72% |
| HDFC ELSS TaxSaver Growth | 46.65% |
Disclaimer: The information provided in this article is for educational and informational purposes only. It should not be considered investment advice or a recommendation to invest in any particular mutual fund or asset class. Past performance does not indicate future results, and investors should research and consult with a financial advisor before making investment decisions. Investing in mutual funds involves risks, including the possible loss of principal invested.
