3 Year return

26.57%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹500

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

₹13440.72 Cr.

Expense Ratio

1.14% (inclusive of GST)

Exit Load

Nil

Ratings

0

Ratings by other agencies

2
0
3

Tax Implications

Withdrawal within 1 year

Not applicable as these investments cannot be sold before the 3 year lock-in period

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

HDFC Mutual Fund Managers

RJ

Roshi Jain

Fund Manager since Nov 2006

Fund House Details

HDFC Mutual Fund Asset management company

AUM ₹556,006.89 Cr.
No. of Schemes 162
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by HDFC Mutual Fund

List of mutual fund schemes by AMC

About HDFC Tax Saver Growth Direct Plan

HDFC Tax Saver Growth Direct Plan is an equity scheme by HDFC Mutual Fund. The scheme primarily invests in equities and equity-linked instruments. This fund falls under the ELSS category. The fund invests across market capitalisations and usually adheres to a growth-oriented style of investing. Tax deductions and wealth building over time are two advantages of investing in ELSS mutual funds. It is an open-ended fund, meaning the investor gets an opportunity to buy or sell the fund units at any time.

Investment Objective of The Scheme

HDFC Tax Saver Growth Direct Plan is a scheme which aims to provide income or capital growth from a portfolio that is mostly made up of equities and equity-related securities. This ELSS mutual fund would require you to have your assets locked in for three years starting on the investment date when you cannot redeem your holdings.

Key Features of The Fund

5-year return 19.96%
Expense Ratio 1.14%
Fund Manager Roshi Jain
Fund Size ₹13440.72 Cr
Risk Profile Very High

Is This Scheme Right for Me?

HDFC Tax Saver Growth Direct Plan could be an option for you to consider, given you have a very high-risk tolerance and are looking for a regular source of income via investments. However, note that this scheme has a suggested investment horizon of three years or more, to ensure that you can predict your returns better and can also minimise the downside risk associated.

AMC Contact Details

Name HDFC Mutual Fund
Launch Date July 2000
Addresss "HDFC House", 2nd Floor, H. T. Parekh Marg, 165-166, Backbay Reclamation, Churchgate, Mumbai - 400020
Contact 1800 3010 67671800 419 7676
Email [email protected]
Website https://www.hdfcfund.com/

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

FAQs

What is today's NAV of HDFC ELSS Tax Saver Growth Direct Plan?

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 HDFC ELSS Tax Saver Growth Direct Plan Feb 23 2024 is 1244.54

What is the AUM of HDFC ELSS Tax Saver Growth Direct Plan?

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 HDFC ELSS Tax Saver Growth Direct Plan is 13440.72 crore.

What is the expense ratio of HDFC ELSS Tax Saver Growth Direct Plan?

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 HDFC ELSS Tax Saver Growth Direct Plan is 1.14%

What are the returns of HDFC ELSS Tax Saver Growth Direct Plan since inception?

The HDFC ELSS Tax Saver Growth Direct Plan was launched on Jan 01 2013. The fund has delivered a CAGR of 15.63 since inception.

What is the minimum SIP amount to invest in HDFC ELSS Tax Saver Growth Direct Plan?

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 HDFC ELSS Tax Saver Growth Direct Plan is 500.

How do I invest in HDFC ELSS Tax Saver Growth Direct Plan?

  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 HDFC ELSS Tax Saver Growth Direct Plan?

  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 HDFC ELSS Tax Saver Growth Direct Plan?

  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 HDFC ELSS Tax Saver Growth Direct Plan?

  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.