IDFC Tax Advantage (ELSS) Fund_Fund spotlight
- 1. IDFC TAX ADVANTAGE (ELSS) FUND The Fund is an Equity Linked Savings Scheme (ELSS) that aims to generate long term capital growth from a diversified equity portfolio and enables investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961. • With the spread of the pandemic and the lockdown during Q1 FY21, earnings for the year FY21 were sharply downgraded. • However, the swifter than expected economic recovery led to a more robust Q2 FY21. • Upgrades exceeded downgrades 3x, a rarity, after years of earnings disappointment. • FY21 estimates, quickly rebounded from negative to positive territory, despite the Q1 debacle. • The fall during Mar’20 lasted less than 35 trading days, erasing between 36-43% across the indices – Large, Mid and Small Caps. Supportive action from Central Banks was quicker. • As investors searched for stable earnings, rotation from one sector to another, as exhibited from Apr-Dec’20 phase was evident. • Staples after outperforming in Mar-Apr, have underperformed since then. Pharma and IT services outperformed during May-Sept; Banks/NBFC, after underperforming from Mar-Sept,20; outperformed during Oct-Dec’20. • After the debacle of Mar’20, Small caps outshone the rest of the market – for the first time since CY17. • If economic recovery is robust and RBI does not move aggressively into high real interest zone, Small caps could benefit the most. OUTLOOK FUND FEATURES: (Data as on 31st December'20) Category: ELSS Monthly Avg AUM: `2,627.26 Crores Inception Date: 26th December 2008 Fund Manager: Mr. Daylynn Pinto (w.e.f. 20/10/2016) Other Parameters: Beta: 1.14 R Square: 0.95 Standard Deviation (Annualized): 26.23% Benchmark: S&P BSE 200 TRI Minimum Investment Amount: `500/- Exit Load: Nil SIP Frequency: Monthly (Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.) Options Available: Growth, Dividend - Payout and Sweep (from Equity Schemes to Debt Schemes Only) Ratios calculated on the basis of 3 years history of monthly data. MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY. Face Value per Unit (in `) is 10 Dividend is not guaranteed and past performance may or may not be sustained in future. Pursuant to payment of dividend, the NAV of the scheme would fall to the extent of payout and statutory levy (as applicable). DIVIDEND `/UNIT €€ NAV RECORD DATE 27-Mar-19 0.37 16.7300 27-Sep-18 0.48 16.8600 09-Feb-18 0.68 18.6811 27-Mar-19 0.58 20.5000 27-Sep-18 0.52 20.5200 09-Feb-18 0.82 22.5603 PLAN DIRECT REGULAR An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
- 2. Scheme Benchmark SECTOR ALLOCATION This product is suitable for investors who are seeking*: • To create wealth over long term • Investment predominantly in Equity and Equity related securities with income tax benefit u/s 80C and 3 years lock-in *Investors should consult their financial advisors if in doubt about whether the product is suitable for them. Distributed by: PORTFOLIO (31 December 2020) Equity and Equity related Instruments 97.97% Banks 15.92% ICICI Bank 7.19% HDFC Bank 4.29% State Bank of India 2.77% RBL Bank 1.68% Software 14.34% Infosys 6.56% Mastek 2.58% Birlasoft 2.40% HCL Technologies 1.59% KPIT Technologies 1.22% Pharmaceuticals 9.29% IPCA Laboratories 2.12% Dr. Reddy's Laboratories 1.94% Aurobindo Pharma 1.72% Cipla 1.53% Lupin 1.46% Dishman Carbogen Amcis 0.52% Consumer Durables 5.92% Voltas 1.46% Crompton Greaves Consumer Electricals 1.42% Greenpanel Industries 1.14% Greenply Industries 1.13% Greenlam Industries 0.46% Khadim India 0.31% Petroleum Products 5.35% Reliance Industries 4.07% Bharat Petroleum Corporation 1.28% Auto Ancillaries 4.85% MRF 1.70% Bosch 1.29% Minda Industries 1.04% Sandhar Technologies 0.82% Chemicals 4.76% Deepak Nitrite 3.51% Tata Chemicals 1.25% Industrial Products 4.61% Bharat Forge 1.62% Apollo Pipes 1.26% Graphite India 1.16% AIA Engineering 0.58% Construction Project 4.42% KEC International 2.44% NCC 1.98% Finance 4.32% ICICI Lombard General Insurance Company 1.42% Mas Financial Services 1.40% ICICI Securities 1.16% Magma Fincorp 0.34% Consumer Non Durables 4.20% ITC 1.48% United Spirits 1.40% Tata Consumer Products 1.32% Auto 4.07% Tata Motors 2.06% Mahindra & Mahindra 2.02% Ferrous Metals 3.47% Jindal Steel & Power 2.29% Kirloskar Ferrous Industries 1.15% Tata Steel 0.03% Telecom - Services 3.42% Bharti Airtel 3.42% Cement 3.31% UltraTech Cement 1.48% The Ramco Cements 1.34% Sagar Cements 0.49% Hotels/ Resorts and Other Recreational Activities 1.42% The Indian Hotels Company 0.99% EIH 0.44% Power 1.33% Kalpataru Power Transmission 1.05% Nava Bharat Ventures 0.28% Transportation 1.32% VRL Logistics 1.32% Construction 1.11% PSP Projects 1.11% Industrial Capital Goods 0.54% CG Power and Industrial Solutions 0.54% Preference Shares 0.004% Media & Entertainment 0.004% Zee Entertainment Enterprises 0.004% Net Cash and Cash Equivalent 2.02% Grand Total 100.00% Name of the Instrument % to NAV Name of the Instrument % to NAV 20.2% 11.7% 4.2% 4.6% 7.3% 9.3% 14.3% 9.0% 0.3% 3.4% 5.4% 8.2% 34.0% 5.8% 9.2% 5.6% 2.5% 5.6% 13.8% 4.4% 3.3% 2.1% 9.7% 4.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% Financials Auto Consumer Staples Consumer Discretionary Cement / Building Mat Health Care Information Technology Industrials Utilities Telecommunication Services Energy Commodities