Bandhan Tax Advantage (ELSS) Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (04-Oct-24)
₹177.93-0.81%1D
Returns (Since Inception)
19.32%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹7,235 Cr
Expense Ratio
0.63%
ISIN
INF194K01Y29
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
01 Jan 2013
About this fund
Bandhan Tax Advantage (ELSS) Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Bandhan Mutual Fund. This fund has been in existence for 11 years, 9 months and 5 days, having been launched on 01-Jan-13.
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹177.93, Assets Under Management (AUM) of 7234.92 Crores, and an expense ratio of 0.63%.
As of 04-Oct-24, it has a Net Asset Value (NAV) of ₹177.93, Assets Under Management (AUM) of 7234.92 Crores, and an expense ratio of 0.63%.
- Bandhan Tax Advantage (ELSS) Fund Direct Growth has given a CAGR return of 19.32% since inception.
- The fund's asset allocation comprises around 97.81% in equities, 0.00% in debts, and 2.19% in cash & cash equivalents.
- You can start investing in Bandhan Tax Advantage (ELSS) Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+33.48%
+39.70% (Cat Avg.)
3 Years
+19.08%
+17.77% (Cat Avg.)
5 Years
+26.27%
+22.11% (Cat Avg.)
10 Years
+17.91%
+15.29% (Cat Avg.)
Since Inception
+19.32%
— (Cat Avg.)
Portfolio Summaryas of 31st August 2024
| Equity | ₹7,076.31 Cr | 97.81% |
| Others | ₹158.61 Cr | 2.19% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹401.04 Cr | 5.54% |
| ICICI Bank Ltd | Equity | ₹368.76 Cr | 5.10% |
| Reliance Industries Ltd | Equity | ₹354.76 Cr | 4.90% |
| Infosys Ltd | Equity | ₹272.12 Cr | 3.76% |
| Axis Bank Ltd | Equity | ₹270.31 Cr | 3.74% |
| Bharti Airtel Ltd | Equity | ₹190.69 Cr | 2.64% |
| NTPC Ltd | Equity | ₹166.48 Cr | 2.30% |
| Triparty Repo Trp_020924 | Cash - Repurchase Agreement | ₹164.77 Cr | 2.28% |
| Cipla Ltd | Equity | ₹148.94 Cr | 2.06% |
| CG Power & Industrial Solutions Ltd | Equity | ₹146.18 Cr | 2.02% |
| Jindal Steel & Power Ltd | Equity | ₹145.56 Cr | 2.01% |
| Tata Consultancy Services Ltd | Equity | ₹136.61 Cr | 1.89% |
| Larsen & Toubro Ltd | Equity | ₹129.66 Cr | 1.79% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹128.51 Cr | 1.78% |
| KEC International Ltd | Equity | ₹127.89 Cr | 1.77% |
| ITC Ltd | Equity | ₹125.48 Cr | 1.73% |
| Maruti Suzuki India Ltd | Equity | ₹124.03 Cr | 1.71% |
| HCL Technologies Ltd | Equity | ₹122.73 Cr | 1.70% |
| Aurobindo Pharma Ltd | Equity | ₹121.63 Cr | 1.68% |
| United Spirits Ltd | Equity | ₹114.26 Cr | 1.58% |
| State Bank of India | Equity | ₹114.18 Cr | 1.58% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹113.85 Cr | 1.57% |
| Bosch Ltd | Equity | ₹111.74 Cr | 1.54% |
| Tata Motors Ltd | Equity | ₹111.14 Cr | 1.54% |
| IndusInd Bank Ltd | Equity | ₹110.46 Cr | 1.53% |
| Hero MotoCorp Ltd | Equity | ₹109.11 Cr | 1.51% |
| Avenue Supermarts Ltd | Equity | ₹108.4 Cr | 1.50% |
| Hindalco Industries Ltd | Equity | ₹105.2 Cr | 1.45% |
| Tech Mahindra Ltd | Equity | ₹98.19 Cr | 1.36% |
| Kotak Mahindra Bank Ltd | Equity | ₹97.94 Cr | 1.35% |
| Greenpanel Industries Ltd Ordinary Shares | Equity | ₹95.88 Cr | 1.33% |
| Dabur India Ltd | Equity | ₹89.2 Cr | 1.23% |
| HDFC Life Insurance Co Ltd | Equity | ₹88.64 Cr | 1.23% |
| Dr Reddy's Laboratories Ltd | Equity | ₹87.89 Cr | 1.21% |
| UNO Minda Ltd | Equity | ₹85.11 Cr | 1.18% |
| Lupin Ltd | Equity | ₹84.01 Cr | 1.16% |
| Mphasis Ltd | Equity | ₹83.83 Cr | 1.16% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹81.73 Cr | 1.13% |
| Grasim Industries Ltd | Equity | ₹80.97 Cr | 1.12% |
| Mahindra Lifespace Developers Ltd | Equity | ₹75.37 Cr | 1.04% |
| GlaxoSmithKline Pharmaceuticals Ltd | Equity | ₹74.12 Cr | 1.02% |
| Poonawalla Fincorp Ltd | Equity | ₹73.59 Cr | 1.02% |
| NCC Ltd | Equity | ₹73.38 Cr | 1.01% |
| Indian Hotels Co Ltd | Equity | ₹71.22 Cr | 0.98% |
| Kirloskar Ferrous Industries Ltd | Equity | ₹68.76 Cr | 0.95% |
| United Breweries Ltd | Equity | ₹68.69 Cr | 0.95% |
| Sandhar Technologies Ltd Ordinary Shares | Equity | ₹66.91 Cr | 0.92% |
| VRL Logistics Ltd | Equity | ₹65.12 Cr | 0.90% |
| Avanti Feeds Ltd | Equity | ₹61.05 Cr | 0.84% |
| Vedanta Ltd | Equity | ₹59.73 Cr | 0.83% |
| MAS Financial Services Ltd Ordinary Shares | Equity | ₹57.47 Cr | 0.79% |
| SBI Life Insurance Co Ltd | Equity | ₹55.51 Cr | 0.77% |
| Bayer CropScience Ltd | Equity | ₹55.34 Cr | 0.76% |
| Gland Pharma Ltd | Equity | ₹55.16 Cr | 0.76% |
| EIH Ltd | Equity | ₹54.33 Cr | 0.75% |
| Info Edge (India) Ltd | Equity | ₹53.75 Cr | 0.74% |
| Sterlite Technologies Ltd | Equity | ₹51.36 Cr | 0.71% |
| Ramco Cements Ltd | Equity | ₹45.72 Cr | 0.63% |
| Deepak Nitrite Ltd | Equity | ₹43.67 Cr | 0.60% |
| PSP Projects Ltd | Equity | ₹42.35 Cr | 0.59% |
| Coal India Ltd | Equity | ₹42.05 Cr | 0.58% |
| Power Grid Corp Of India Ltd | Equity | ₹40.49 Cr | 0.56% |
| Yatra Online Ltd | Equity | ₹39.88 Cr | 0.55% |
| Nestle India Ltd | Equity | ₹37.51 Cr | 0.52% |
| Sobha Ltd | Equity | ₹35.48 Cr | 0.49% |
| Apollo Pipes Ltd | Equity | ₹30.26 Cr | 0.42% |
| Devyani International Ltd | Equity | ₹28.15 Cr | 0.39% |
| Sterling and Wilson Renewable Energy Ltd | Equity | ₹26.93 Cr | 0.37% |
| Britannia Industries Ltd | Equity | ₹23.42 Cr | 0.32% |
| Khadim India Ltd | Equity | ₹23.3 Cr | 0.32% |
| Oil & Natural Gas Corp Ltd | Equity | ₹16.54 Cr | 0.23% |
| Net Current Assets | Cash | ₹-7.09 Cr | 0.10% |
| Graphite India Ltd | Equity | ₹4.5 Cr | 0.06% |
| Grasim Industries Ltd Ordinary Shares (Partly Paid Rs.1) | Equity | ₹2.12 Cr | 0.03% |
| Cash Margin - Ccil | Cash - Repurchase Agreement | ₹0.93 Cr | 0.01% |
Allocation By Market Cap (Equity)
Large Cap Stocks
64.73%
Mid Cap Stocks
19.25%
Small Cap Stocks
13.82%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,848.14 Cr | 25.54% |
| Consumer Cyclical | ₹824.91 Cr | 11.40% |
| Technology | ₹791.76 Cr | 10.94% |
| Industrials | ₹688.1 Cr | 9.51% |
| Healthcare | ₹685.6 Cr | 9.48% |
| Basic Materials | ₹634.19 Cr | 8.77% |
| Consumer Defensive | ₹628.01 Cr | 8.68% |
| Energy | ₹413.35 Cr | 5.71% |
| Communication Services | ₹244.44 Cr | 3.38% |
| Utilities | ₹206.97 Cr | 2.86% |
| Real Estate | ₹110.85 Cr | 1.53% |
Risk & Performance Ratios
Standard Deviation
This fund
12.62%
Cat. avg.
12.69%
Lower the better
Sharpe Ratio
This fund
1.11
Cat. avg.
1.00
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.89
Higher the better
Fund Managers
Additional Scheme Detailsas of 31st August 2024
ISIN | INF194K01Y29 | Expense Ratio | 0.63% | Exit Load | No Charges | Fund Size | ₹7,235 Cr | Age | 11 years 9 months | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | BSE 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4806.05 Cr | 39.4% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4806.05 Cr | 37.8% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹38422.94 Cr | 35.2% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4152.25 Cr | 37.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4152.25 Cr | 35.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹56.61 Cr | 39.9% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹56.61 Cr | 37.6% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹398.29 Cr | 55.2% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹398.29 Cr | 52.4% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1673.99 Cr | 28.5% |
About the AMC
Total AUM
₹1,55,853 Cr
Address
6th Floor, 841, One World Center, Mumbai, 400013
Other Funds by Bandhan Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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What is the current NAV of Bandhan Tax Advantage (ELSS) Fund Direct Growth?
The NAV of Bandhan Tax Advantage (ELSS) Fund Direct Growth, as of 04-Oct-2024, is ₹177.93.
What are the returns of Bandhan Tax Advantage (ELSS) Fund Direct Growth?
The fund has generated 33.48% over the last 1 year and 19.08% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Bandhan Tax Advantage (ELSS) Fund Direct Growth?
The fund's allocation of assets is distributed as 97.81% in equities, 0.00% in bonds, and 2.19% in cash and cash equivalents.
Who manages the Bandhan Tax Advantage (ELSS) Fund Direct Growth?
The fund managers responsible for Bandhan Tax Advantage (ELSS) Fund Direct Growth are:-
- Daylynn Pinto
- Ritika Behera
- Gaurav Satra
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.