3 Year return

18.72%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹1

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹7234.92 Cr.

Expense Ratio

0.63% (inclusive of GST)

Exit Load

NIL. (effect from 04.09.2009)

Ratings

ARQ Rating
5

Ratings by other agencies

4
5
3

Tax Implications

Withdrawal after 3 years:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

Bandhan Mutual Fund Managers

DP

Daylynn Pinto

Fund Manager since Oct 2022

View Details

Fund House Details

Bandhan Mutual Fund

Bandhan Mutual Fund Asset management company

AUM ₹157,023.40 Cr.
No. of Schemes 282
Setup Date 13 March 2000

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

SBI Long Term Equity Fund

27.01%

5

Quant ELSS Tax Saver Fund

24.27%

3.5

Bank of India ELSS Tax Saver

20.01%

3

Schemes by Bandhan Mutual Fund

List of mutual fund schemes by AMC

About IDFC Tax Advantage (ELSS) Fund Direct Plan IDCW Reinvestment

The IDFC Tax Advantage (ELSS) Fund Direct Plan IDCW Reinvestment is an open-ended equity-oriented hybrid mutual fund scheme by IDFC Mutual Fund that aims to provide investors with tax benefits under Section 80C of the Income Tax Act, 1961, while also generating long-term capital appreciation. The fund invests in a mix of equity and debt instruments, with a focus on equity. Being an open-ended scheme, investors can buy or sell fund units at any time during trading hours.

Investment Objectives of the Scheme

The investment objective of the IDFC Tax Advantage (ELSS) Fund Direct Plan IDCW Reinvestment is to generate long-term capital appreciation while providing tax benefits under Section 80C of the Income Tax Act, 1961.

Key Features of The Fund

5-year return 26.05%
Expense Ratio 0.63%
Fund Manager Daylynn Pinto
Fund Size ₹7234.92 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The IDFC Tax Advantage (ELSS) Fund Direct Plan IDCW Reinvestment is a suitable investment for investors who are looking for tax benefits under Section 80C and are willing to take on moderate risk. The fund is best suited for investors with a long-term investment horizon of at least 3-5 years. However, it is important to do your own research before investing in any mutual fund scheme.

AMC Contact Details

Name Bandhan Mutual Fund
Launch Date 13 March 2000
Addresss 6th Floor, Tower 1C, One World Center, Jupiter Mills Compound, 841 Senapati Bapat Marg, Mumbai - 400013
Contact 1-800-2666688/1-800-30066688/ 044-30463501 (for international calls)
Email investormf@bandhanamc.com
Website https://bandhanmutual.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment Oct 07 2024 is 46.632

What is the AUM of Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment is 7234.92 crore.

What is the expense ratio of Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment is 0.63%

What are the returns of Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment since inception?

The Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment was launched on Jan 01 2013. The fund has delivered a CAGR of 19.11 since inception.

What is the minimum SIP amount to invest in Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment is 500.

How do I invest in Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Bandhan ELSS Tax Saver Fund Direct Plan IDCW Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.