Bandhan ELSS Tax saver Fund§
(formerly Bandhan Tax Advantage (ELSS) Fund)
An open ended equity linked saving scheme with a statutory lock in of 3 years and tax benefit
Bandhan ELSS Tax saver Fund§
(formerly 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: Bandhan ELSS Tax Saver Fund is an Equity Linked Savings Scheme (ELSS) that aims to generate longterm 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
: ₹ 5,606.71 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.
: ₹ 5,748.89 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.
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. | 0.94 |
| R Square | 0.83 |
| 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. | 14.25% |
| 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. | 1.34 |
| Portfolio Turnover | |
| Equity | 0.24 |
| Aggregate^ | 0.24 |
| Total Expense Ratio | |
| Regular | 1.76% |
| Direct | 0.60% |
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)
:
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 December 29, 2023
| Regular Plan | Growth | 130.27 |
| Regular Plan | IDCW$ | 32.51 |
@@If SIP day falls on a non-business day, the SIP transaction shall be processed on the next business day.
^^Ms. Ritika Behera will be managing for Equity overseas investment portion of the scheme w.e.f. October 07, 2023.
| Name | % of NAV |
| Equity and Equity related Instruments | 95.36% |
| Banks | 20.72% |
| oHDFC Bank | 6.54% |
| oICICI Bank | 5.89% |
| oAxis Bank | 4.22% |
| oState Bank of India | 2.57% |
| Kotak Mahindra Bank | 1.49% |
| IT - Software | 8.99% |
| oInfosys | 3.76% |
| oTata Consultancy Services | 2.12% |
| HCL Technologies | 1.79% |
| Tech Mahindra | 1.33% |
| Pharmaceuticals & Biotechnology | 6.65% |
| Cipla | 1.84% |
| Sun Pharmaceutical Industries | 1.53% |
| Lupin | 1.27% |
| Dr. Reddy's Laboratories | 1.26% |
| Laurus Labs | 0.75% |
| Automobiles | 5.76% |
| oTata Motors | 3.12% |
| Maruti Suzuki India | 1.34% |
| Hero MotoCorp | 1.30% |
| Petroleum Products | 4.72% |
| oReliance Industries | 4.72% |
| Finance | 4.43% |
| Poonawalla Fincorp | 1.53% |
| Bajaj Finance | 1.08% |
| Mas Financial Services | 1.00% |
| M&M Financial Services | 0.82% |
| Electrical Equipment | 4.04% |
| CG Power and Industrial Solutions | 1.78% |
| KEC International | 1.44% |
| Siemens | 0.49% |
| Suzlon Energy | 0.33% |
| Auto Components | 3.83% |
| Bosch | 1.35% |
| UNO Minda | 1.32% |
| Sandhar Technologies | 1.16% |
| Ferrous Metals | 3.13% |
| Jindal Steel & Power | 1.95% |
| Kirloskar Ferrous Industries | 1.18% |
| Insurance | 3.11% |
| ICICI Lombard General Insurance Company | 1.48% |
| HDFC Life Insurance Company | 1.12% |
| SBI Life Insurance Company | 0.50% |
| Cement & Cement Products | 3.04% |
| The Ramco Cements | 1.33% |
| Name | % of NAV |
| Grasim Industries | 1.11% |
| Nuvoco Vistas Corporation | 0.60% |
| Leisure Services | 2.96% |
| The Indian Hotels Company | 1.22% |
| EIH | 1.17% |
| Yatra Online | 0.57% |
| Beverages | 2.69% |
| United Spirits | 1.65% |
| United Breweries | 1.04% |
| Power | 2.58% |
| oNTPC | 2.16% |
| Power Grid Corporation of India | 0.41% |
| Telecom - Services | 2.29% |
| oBharti Airtel | 2.29% |
| Construction | 2.22% |
| NCC | 1.31% |
| PSP Projects | 0.91% |
| Consumer Durables | 2.12% |
| Greenpanel Industries | 1.71% |
| Khadim India | 0.40% |
| Retailing | 2.05% |
| Avenue Supermarts | 1.42% |
| Info Edge (India) | 0.63% |
| Industrial Products | 1.95% |
| Graphite India | 1.15% |
| Apollo Pipes | 0.80% |
| Transport Services | 1.61% |
| VRL Logistics | 1.61% |
| Diversified FMCG | 1.43% |
| ITC | 1.43% |
| Non - Ferrous Metals | 1.28% |
| Hindalco Industries | 1.28% |
| Agricultural Food & other Products | 1.23% |
| Tata Consumer Products | 1.23% |
| Chemicals & Petrochemicals | 0.86% |
| Deepak Nitrite | 0.86% |
| Food Products | 0.66% |
| Avanti Feeds | 0.66% |
| Realty | 0.63% |
| DLF | 0.63% |
| Personal Products | 0.39% |
| Dabur India | 0.39% |
| Net Cash and Cash Equivalent | 4.64% |
| Grand Total | 100.00% |
| oTop 10 Equity Holdings |
Performance based on NAV as on 29/12/2023, 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 6.90% (FBIL OVERNIGHT MIBOR as on 29th December 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 ELSS Tax saver Fund"
Ms. Ritika Behera has been designated as the dedicated fund manager for managing the overseas exposure in equity segment for all equity oriented schemes and hybrid schemes of Bandhan Mutual Fund ("the Fund") with effect from October 07, 2023.
