HDFC Taxsaver Fund turns Rs 10,000 SIP into Rs 9.39 crore in 26 years, details here
2 years, 2 months ago

HDFC Taxsaver Fund turns Rs 10,000 SIP into Rs 9.39 crore in 26 years, details here

Firstpost  

A provision of Section 80C under Income Tax Act allows taxpayers to make an investment of up to Rs 1.5 lakh in specific investment tools and claim it as a tax deduction. One such ELSS fund, HDFC Taxsaver Fund, has completed its 26 years and made some people millionaires The launch of HDFC Taxsaver Fund Regular Plan - Growth Option took place in March 1996. The HDFC Taxsaver Fund has given a yearly return of 26.05 percent as of 31 March, 2022. An annualized return of 22.24 percent has been given by the fund since its inception, which is higher than the benchmark performance of 14.25 percent. The top five holdings of this fund are ICICI Bank Ltd., HDFC Bank Ltd., State Bank of India, Bharti Airtel Ltd., and Hindustan Aeronautics Ltd. Read all the Latest News, Trending News, Cricket News, Bollywood News, India News and Entertainment News here.

Tax Fund 26 Years Elss 31 March Hdfc Taxsaver Fund  turns  hdfc  returns  details  crore  26  funds  fund  given  taxsaver  tax  939  elss  sip  rs

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HDFC Long Term Advantage Fund performance review analysis for December
1 week, 5 days ago

HDFC Long Term Advantage Fund performance review analysis for December

Live Mint  

HDFC Long Term Advantage Fund -Direct Plan - Growth Option performance review analysis for December: HDFC Long Term Advantage Fund -Direct Plan - Growth Option, managed by the seasoned fund managers Chirag Setalvad, remains a prominent player in the ELSS. HDFC Long Term Advantage Fund boasts an impressive AUM of ₹1311.68 crore. Performance Analysis: Over the past week, HDFC Long …

Investment in these ELSS mutual funds grew by 2.5 times in past 5 years. Do you own any?
1 month, 2 weeks ago

Investment in these ELSS mutual funds grew by 2.5 times in past 5 years. Do you own any?

Live Mint  

If you stay invested in a mutual fund for a long period of time, the returns tend to grow multifold for what is known as 'compounding'. Here, we share the list of ELSS funds, which have given over 20 percent return in the past five years. When a mutual fund scheme delivers an annualised return of 20 percent over a …

HDFC AMC net jumps 26 per cent to Rs 604 crore, income up 29 per cent
5 months, 1 week ago

HDFC AMC net jumps 26 per cent to Rs 604 crore, income up 29 per cent

New Indian Express  

MUMBAI: The third-largest fund house, HDFC AMC, registered a 26 percent on-year growth in net income in the June quarter at Rs 604 crore over the Rs 477.5 crore in the year-ago period. The fund house manages assets worth Rs 7.06 trillion and has a market share of 11.4 per cent as of the reporting period; within the equity funds, …

HDFC Defence Fund to halt new SIP registrations from July 22
5 months, 2 weeks ago

HDFC Defence Fund to halt new SIP registrations from July 22

Hindustan Times  

HDFC Mutual Fund announced that it will discontinue registering fresh systematic investment plans in HDFC Defence Fund from July 22. It is a mid- and small- cap oriented fund and the decision to stop fresh SIP registrations in it could likely be focussed at limiting liquidity and investment options and not compromise the portfolio. HDFC Mutual Fund invests at least …

These twelve tax-saving equity mutual funds gave alpha returns in three years
1 year, 2 months ago

These twelve tax-saving equity mutual funds gave alpha returns in three years

Live Mint  

Investments in Equity Linked Saving Scheme of mutual funds, popularly known as ELSS, are eligible for an income tax deduction under Section 80C of the Income Tax Act, subject to a 3-year lock-in period. According to a weekly report by SMC Global Securities Ltd., twelve mutual fund schemes gave alpha returns in three years. These tax-saving equity mutual funds gave …

What is ELSS? Check how it is better for saving taxes than PF, PPF and other schemes
2 years ago

What is ELSS? Check how it is better for saving taxes than PF, PPF and other schemes

Firstpost  

ELSS comes with a Systematic Investment Plan option, so salaried individuals are able to keep investing their monthly income into this mutual fund Equity Linked Savings Schemes are fast gaining popularity as an investment option. ELSS are referred to the mutual fund investment schemes that help in saving Income Tax. It should be noted that three years is only the …

ELSS is a good option for saving taxes and investing in equities
3 years, 1 month ago

ELSS is a good option for saving taxes and investing in equities

Live Mint  

I’m new to mutual fund investing, and am interested in investing in equity funds. In this context, kindly guide me on the following: On the fourth year, is it wise to redeem and reinvest ₹1.5 lakh from my ELSS in another ELSS to save tax for this amount, or is it better to invest fresh money in a new ELSS …

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