Bandhan Tax Advantage (ELSS) Fund§
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Bandhan Tax Advantage (ELSS) Fund§
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
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About the 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.
Category: ELSS
: ₹ 4,897.23 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
: ₹ 5,014.01 Crores
AUM or assets under management refers to the recent / updated cumulative market value of investments managed by a mutual fund or any investment firm.
:
An employee of the asset management company such as a mutual fund or life insurer, who manages investments of the scheme. He is usually part of a larger team of fund managers and research analysts.
Ms. Nishita Shah (will be managing overseas investment portion of the scheme.)
Other Parameter:
| Beta
Beta is a measure of an investment's volatility vis-a-vis the market. Beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 implies that the security's price will be more volatile than the market. | 0.98 |
| R Square | 0.85 |
| Standard Deviation (Annualized)
Standard deviation is a statistical measure of the range of an investment's performance. When a mutual fund has a high standard deviation, its means its range of performance is wide, implying greater volatility. | 15.42% |
| Sharpe*
The Sharpe Ratio, named after its founder, the Nobel Laureate William Sharpe, is a measure of risk-adjusted returns. It is calculated using standard deviation and excess return to determine reward per unit of risk. | 1.71 |
| Portfolio Turnover | |
| Equity | 0.14 |
| Aggregate^ | 0.14 |
| Total Expense Ratio | |
| Regular | 1.81% |
| Direct | 0.71% |
SIP (Minimum Amount): ₹ 500/-
SIP Frequency: Monthly/Quarterly (w.e.f. 09-11-2022)
SIP Dates (Monthly/Quarterly)@@:Investor may choose any day of the month except 29th, 30th and 31st as the date of instalment.
Investment Objective: Click here
Minimum Investment Amount : ₹ 500/- and in multiples of ₹ 500/- thereafter.
Option Available: Growth, IDCW$ - Payout and Sweep (from Equity Schemes to Debt Schemes Only)
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Exit load is charged at the time an investor redeems the units of a mutual fund. The exit load is deducted from the prevailing NAV at the time of redemption. For instance, if the NAV is ₹ 100 and the exit load is 1%, the redemption price would be ₹ 99 per unit.
NAV (₹) as on July 31, 2023
| Regular Plan | Growth | 117.50 |
| Regular Plan | IDCW$ | 29.32 |
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
| Name | % of NAV |
| Equity and Equity related Instruments | 95.94% |
| Banks | 21.58% |
| oICICI Bank | 7.57% |
| oHDFC Bank | 5.95% |
| oAxis Bank | 3.80% |
| oState Bank of India | 3.34% |
| Kotak Mahindra Bank | 0.93% |
| IT - Software | 8.11% |
| oInfosys | 3.65% |
| Tata Consultancy Services | 1.71% |
| HCL Technologies | 1.56% |
| Zensar Technologies | 1.19% |
| Pharmaceuticals & Biotechnology | 7.00% |
| Cipla | 1.87% |
| Sun Pharmaceutical Industries | 1.60% |
| Dr. Reddy's Laboratories | 1.35% |
| Lupin | 1.18% |
| Laurus Labs | 1.00% |
| Automobiles | 5.11% |
| oTata Motors | 3.34% |
| Mahindra & Mahindra | 1.77% |
| Petroleum Products | 4.58% |
| oReliance Industries | 4.58% |
| Electrical Equipment | 4.11% |
| oKEC International | 2.15% |
| CG Power and Industrial Solutions | 1.96% |
| Auto Components | 3.96% |
| Sandhar Technologies | 1.33% |
| Bosch | 1.32% |
| UNO Minda | 1.31% |
| Cement & Cement Products | 3.83% |
| The Ramco Cements | 1.59% |
| UltraTech Cement | 1.16% |
| Nuvoco Vistas Corporation | 1.08% |
| Construction | 3.57% |
| oNCC | 2.37% |
| PSP Projects | 1.19% |
| Ferrous Metals | 3.38% |
| Jindal Steel & Power | 2.13% |
| Kirloskar Ferrous Industries | 1.25% |
| Finance | 3.24% |
| Poonawalla Fincorp | 1.80% |
| Name | % of NAV |
| Mas Financial Services | 1.02% |
| Reliance Strategic Investments | 0.42% |
| Transport Services | 3.21% |
| VRL Logistics | 2.10% |
| InterGlobe Aviation | 1.11% |
| Industrial Products | 3.15% |
| Graphite India | 1.17% |
| Bharat Forge | 1.02% |
| Apollo Pipes | 0.96% |
| Insurance | 2.75% |
| ICICI Lombard General Insurance Company | 1.66% |
| HDFC Life Insurance Company | 1.10% |
| Beverages | 2.75% |
| United Spirits | 1.72% |
| United Breweries | 1.03% |
| Leisure Services | 2.55% |
| EIH | 1.29% |
| The Indian Hotels Company | 1.26% |
| Telecom - Services | 2.26% |
| oBharti Airtel | 2.26% |
| Chemicals & Petrochemicals | 2.22% |
| Deepak Nitrite | 1.16% |
| Tata Chemicals | 1.06% |
| Power | 1.74% |
| NTPC | 1.74% |
| Consumer Durables | 1.71% |
| Greenpanel Industries | 1.41% |
| Khadim India | 0.30% |
| Diversified FMCG | 1.16% |
| ITC | 1.16% |
| Retailing | 1.12% |
| Avenue Supermarts | 1.12% |
| Agricultural Food & other Products | 1.11% |
| Tata Consumer Products | 1.11% |
| Non - Ferrous Metals | 1.11% |
| Hindalco Industries | 1.11% |
| Food Products | 0.63% |
| Avanti Feeds | 0.63% |
| Net Cash and Cash Equivalent | 4.06% |
| Grand Total | 100.00% |
| oTop 10 Equity Holdings |
Performance based on NAV as on 31/07/2023, Past performance may or may not be sustained in future.
The performances given are of regular plan growth option.
Click here for other funds managed by the fund manager and refer to the respective fund pages
#Benchmark Returns. ##Alternate Benchmark Returns.
Scheme risk-o-meter
Investors understand that their principal will be at Very High risk
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 advisers if in doubt about whether the product is suitable for them.
Benchmark risk-o-meter
S&P BSE 500 TRI
Regular and Direct Plans have different expense structure. Direct Plan shall have a lower expense ratio excluding distribution expenses, commission expenses etc.
*Risk-free rate assumed to be 6.60% (FBIL OVERNIGHT MIBOR as on 31st July 2023). Ratios calculated on the basis of 3 years history of monthly data.
^Portfolio Turnover ratio is calculated as Lower of purchase or sale during the period / Average AUM for the last one year (includes Fixed Income securities and Equity derivatives).
§With effect from 13th March 2023, the name of "IDFC Tax Advantage (ELSS) Fund" has changed to "Bandhan Tax Advantage (ELSS) Fund"
