FUND INSIGHT

IDFC TAX ADVANTAGE (ELSS) FUND

JULY 2016

Fund Features: The Fund is an Equity Linked Savings Scheme (ELSS) that aims to
Nature: Equity generate long term capital growth from a diversified equity
(An Open Ended Equity Linked Saving
Scheme with Lock in Period of 3 Years) portfolio and enables investors to avail of a deduction from total
income, as permitted under the Income Tax Act, 1961.
Average AUM (Apr-Jun 2016): 415.43
Crores

Inception Date: 26th December 2008

OUTLOOK
Most of the global commodities and domestic agri-commodities have
Fund Manager: Mr. Ankur Arora (w.e.f.
07/09/2015)
started inching up, this limits the scope of margin expansion which

was seen by most of the companies in FY16. The focus therefore

going forward will be on revenue growth. Q1FY17 might see some

hiccups in growth however we expect it to normalise in 2HY2017E.

The trends of last year might repeat this year as well when most of the

recovery last year was back-ended. Barring quarterly variation we

expect PAT growth in the range of 11-15% for most companies.

INDUSTRY ALLOCATION (%)

20%
17.5

16%
Riskometer 12.5
12% 10.3
9.0
8% 6.4
5.6 5.2 5.2 5.0 4.8
3.9
4% 2.6 2.4 1.8 1.6 1.1 1.1 0.5
0%
Gas
Banks

Cement

Retailing
Auto

Pesticides
Miscellaneous
Pharmaceuticals
Industrial Capital Goods

Auto Ancillaries
Media & Entertainment
Software

Industrial Products

Consumer Durables
Consumer Non Durables

Construction Project

Transportation

Textile Products

Investors understand that their principal

will be at Moderately High risk
This product is suitable for investors who are
seeking*:
Create wealth over a long period of time
Investment predominantly in equity and equity
related securities

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Other Parameters: PORTFOLIO (30 June 2016)

Beta: 0.96 Name % of NAV Industry

R Square: 0.83 Top 15 Equity 54.49
Standard Deviation (Annualized):
16.31% HDFC Bank 6.43 Banks

Benchmark: S&P BSE 200 The Ramco Cements 5.23 Cement

Minimum Investment Amount: 500/-

Ambuja Cements 5.06 Cement
Exit Load: Nil
Infosys 4.49 Software
SIP Frequency: Monthly (any day of
the month) ICICI Bank 3.83 Banks
Options Available: Growth, Dividend
(Payout, Reinvestment and Sweep Procter & Gamble Hygiene and
(from Equity Schemes to Debt
Schemes only)) Health Care 3.38 Consumer Non Durables

Asian Paints 3.25 Consumer Non Durables

KEC International 3.20 Construction Project

Engineers India 3.18 Construction Project

Axis Bank 3.04 Banks

Maruti Suzuki India 2.90 Auto

PVR 2.68 Media & Entertainment

VRL Logistics 2.63 Transportation

TD Power Systems 2.62 Industrial Capital Goods

Voltas 2.59 Construction Project

Other Equity 42.06

Preference Shares 0.05

Zee Entertainment Enterprises 0.05

Net Current Asset 3.40

Grand Total 100.00

Ratios calculated on the basis of 3 years history of monthly data

RISK FACTOTRS: MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.