About IDFC Tax Advantage (ELSS) Direct Plan - Growth
IDFC Tax Advantage (ELSS) Direct Plan - Growth is a Tax Saver mutual fund scheme from IDFC Mutual Fund. This scheme was launched on 01 Jan 2013 and is currently managed by its fund manager Daylynn Gerard Paul Pinto. It has an AUM of ₹2,180.07 Crores and the latest NAV decalared is ₹61.310 as on 19 Feb 2020 at 8:40 pm.
IDFC Tax Advantage (ELSS) Direct Plan - Growth scheme return performance in last 1 year is 15.14%, in last 3 years is 35.55% and 170.25% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
01 Jan 2013
The scheme seeks to build a diversified portfolio comprising of stocks of companies with strong fundamentals that are available at reasonable valuations. The scheme can be fully into equities (and equity related securities) and upto 20% in debt & money market instruments.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.