3 Year return

26.59%
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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Based on past performance of this fund

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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
2

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 the HDFC Taxsaver IDCW Direct Plan Payout

The HDFC Taxsaver IDCW Direct Plan Payout is a tax-saving equity mutual fund managed by HDFC Mutual Fund. It is a direct plan, which means that there are no brokerage fees involved when you invest in the fund. Tax-saving funds are a type of mutual fund that offer tax benefits to investors. The HDFC Taxsaver IDCW Direct Plan Payout offers tax benefits under Section 80C of the Income Tax Act. This means that you can claim a deduction of up to ₹1.5 lakhs in your taxable income for investing in this fund. The fund aims to generate long-term capital appreciation for investors. However, it also pays out regular dividends to investors.

Investment Objectives of the Scheme

The investment objective of the HDFC Taxsaver IDCW Direct Plan Payout is to generate long-term capital appreciation for investors by investing in equity and equity-related instruments.

Key Features of The Fund

5-year return 19.51%
Expense Ratio 1.14%
Fund Manager Roshi Jain
Fund Size ₹13440.72 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The HDFC Taxsaver IDCW Direct Plan Payout is a good option for investors who are looking for a tax-efficient way to invest in equity markets. The fund offers tax benefits under Section 80C of the Income Tax Act, which can help you save taxes on your income. However, the fund is not suitable for investors who are looking for high returns. The fund's investment objective is to generate long-term capital appreciation, which means that you may not see significant returns in the short term.

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 IDCW Direct Plan Payout?

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 IDCW Direct Plan Payout Feb 23 2024 is 96.847

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

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 IDCW Direct Plan Payout is 13440.72 crore.

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

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 IDCW Direct Plan Payout is 1.14%

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

The HDFC ELSS Tax Saver IDCW Direct Plan Payout was launched on Jan 01 2013. The fund has delivered a CAGR of 15.43 since inception.

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

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 IDCW Direct Plan Payout is 500.

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

  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 IDCW Direct Plan Payout?

  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 IDCW Direct Plan Payout?

  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 IDCW Direct Plan Payout?

  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.