Bandhan Tax Advantage (ELSS) Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (25-Jul-24)
₹174.31-0.08%1D
Returns (Since Inception)
19.46%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹6,856 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, 6 months and 25 days, having been launched on 01-Jan-13.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹174.31, Assets Under Management (AUM) of 6855.60 Crores, and an expense ratio of 0.63%.
As of 25-Jul-24, it has a Net Asset Value (NAV) of ₹174.31, Assets Under Management (AUM) of 6855.60 Crores, and an expense ratio of 0.63%.
- Bandhan Tax Advantage (ELSS) Fund Direct Growth has given a CAGR return of 19.46% since inception.
- The fund's asset allocation comprises around 97.50% in equities, 0.00% in debts, and 2.50% 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
+33.95%
+37.41% (Cat Avg.)
3 Years
+21.78%
+19.51% (Cat Avg.)
5 Years
+25.20%
+21.13% (Cat Avg.)
10 Years
+18.52%
+15.42% (Cat Avg.)
Since Inception
+19.46%
— (Cat Avg.)
Portfolio Summaryas of 30th June 2024
| Equity | ₹6,684.39 Cr | 97.50% |
| Others | ₹171.21 Cr | 2.50% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹404.11 Cr | 5.89% |
| Reliance Industries Ltd | Equity | ₹360.04 Cr | 5.25% |
| ICICI Bank Ltd | Equity | ₹359.88 Cr | 5.25% |
| Axis Bank Ltd | Equity | ₹291.01 Cr | 4.24% |
| Infosys Ltd | Equity | ₹219.35 Cr | 3.20% |
| Triparty Repo | Cash - Repurchase Agreement | ₹178.15 Cr | 2.60% |
| Bharti Airtel Ltd | Equity | ₹173.29 Cr | 2.53% |
| Jindal Steel & Power Ltd | Equity | ₹156.66 Cr | 2.29% |
| NTPC Ltd | Equity | ₹151.34 Cr | 2.21% |
| CG Power & Industrial Solutions Ltd | Equity | ₹147.99 Cr | 2.16% |
| Cipla Ltd | Equity | ₹133.27 Cr | 1.94% |
| State Bank of India | Equity | ₹127.34 Cr | 1.86% |
| Larsen & Toubro Ltd | Equity | ₹124.2 Cr | 1.81% |
| Maruti Suzuki India Ltd | Equity | ₹120.34 Cr | 1.76% |
| KEC International Ltd | Equity | ₹119.73 Cr | 1.75% |
| Bosch Ltd | Equity | ₹119.3 Cr | 1.74% |
| Tata Consultancy Services Ltd | Equity | ₹117.12 Cr | 1.71% |
| Kotak Mahindra Bank Ltd | Equity | ₹111.76 Cr | 1.63% |
| IndusInd Bank Ltd | Equity | ₹109.84 Cr | 1.60% |
| United Spirits Ltd | Equity | ₹108.5 Cr | 1.58% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹107.37 Cr | 1.57% |
| ITC Ltd | Equity | ₹106.23 Cr | 1.55% |
| Hero MotoCorp Ltd | Equity | ₹106.01 Cr | 1.55% |
| Hindalco Industries Ltd | Equity | ₹104.03 Cr | 1.52% |
| Avenue Supermarts Ltd | Equity | ₹103.77 Cr | 1.51% |
| HCL Technologies Ltd | Equity | ₹102.17 Cr | 1.49% |
| Tata Motors Ltd | Equity | ₹98.98 Cr | 1.44% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹95.05 Cr | 1.39% |
| Aurobindo Pharma Ltd | Equity | ₹90.57 Cr | 1.32% |
| UNO Minda Ltd | Equity | ₹90.09 Cr | 1.31% |
| Tech Mahindra Ltd | Equity | ₹85.82 Cr | 1.25% |
| Dabur India Ltd | Equity | ₹84.1 Cr | 1.23% |
| Kirloskar Ferrous Industries Ltd | Equity | ₹82.54 Cr | 1.20% |
| Grasim Industries Ltd | Equity | ₹80.11 Cr | 1.17% |
| Dr Reddy's Laboratories Ltd | Equity | ₹80.03 Cr | 1.17% |
| NCC Ltd | Equity | ₹79.11 Cr | 1.15% |
| Greenpanel Industries Ltd Ordinary Shares | Equity | ₹78.41 Cr | 1.14% |
| Poonawalla Fincorp Ltd | Equity | ₹77.73 Cr | 1.13% |
| Mahindra & Mahindra Financial Services Ltd | Equity | ₹72.14 Cr | 1.05% |
| GlaxoSmithKline Pharmaceuticals Ltd | Equity | ₹71.58 Cr | 1.04% |
| HDFC Life Insurance Company Limited | Equity | ₹71.41 Cr | 1.04% |
| VRL Logistics Ltd | Equity | ₹69.03 Cr | 1.01% |
| Indian Hotels Co Ltd | Equity | ₹68.76 Cr | 1.00% |
| Mahindra Lifespace Developers Ltd | Equity | ₹67.12 Cr | 0.98% |
| United Breweries Ltd | Equity | ₹66.53 Cr | 0.97% |
| Mphasis Ltd | Equity | ₹66.04 Cr | 0.96% |
| Lupin Ltd | Equity | ₹64.85 Cr | 0.95% |
| Sandhar Technologies Ltd Ordinary Shares | Equity | ₹60.47 Cr | 0.88% |
| EIH Ltd | Equity | ₹60.1 Cr | 0.88% |
| MAS Financial Services Ltd Ordinary Shares | Equity | ₹58.25 Cr | 0.85% |
| Coal India Ltd | Equity | ₹56.78 Cr | 0.83% |
| Power Grid Corp Of India Ltd | Equity | ₹56.26 Cr | 0.82% |
| Ramco Cements Ltd | Equity | ₹56.04 Cr | 0.82% |
| Gland Pharma Ltd | Equity | ₹54.75 Cr | 0.80% |
| Avanti Feeds Ltd | Equity | ₹52.29 Cr | 0.76% |
| Deepak Nitrite Ltd | Equity | ₹50.04 Cr | 0.73% |
| Sterlite Technologies Ltd | Equity | ₹48.6 Cr | 0.71% |
| Info Edge (India) Ltd | Equity | ₹47.5 Cr | 0.69% |
| SBI Life Insurance Company Limited | Equity | ₹44.76 Cr | 0.65% |
| Graphite India Ltd | Equity | ₹44.36 Cr | 0.65% |
| PSP Projects Ltd | Equity | ₹42.86 Cr | 0.63% |
| DLF Ltd | Equity | ₹41.24 Cr | 0.60% |
| Tata Steel Ltd | Equity | ₹34.8 Cr | 0.51% |
| Yatra Online Ltd | Equity | ₹32.81 Cr | 0.48% |
| Apollo Pipes Ltd | Equity | ₹31.58 Cr | 0.46% |
| Devyani International Ltd | Equity | ₹26.35 Cr | 0.38% |
| Khadim India Ltd | Equity | ₹22.73 Cr | 0.33% |
| Britannia Industries Ltd | Equity | ₹21.9 Cr | 0.32% |
| Oil & Natural Gas Corp Ltd | Equity | ₹13.71 Cr | 0.20% |
| Net Current Assets | Cash | ₹-8.02 Cr | 0.12% |
| Grasim Industries Limited ^ | Equity - Future | ₹1.56 Cr | 0.02% |
| Cash Margin - Ccil | Cash - Collateral | ₹1.08 Cr | 0.02% |
Allocation By Market Cap (Equity)
Large Cap Stocks
65.03%
Mid Cap Stocks
18.62%
Small Cap Stocks
13.86%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹1,835.6 Cr | 26.78% |
| Consumer Cyclical | ₹805.94 Cr | 11.76% |
| Industrials | ₹741.39 Cr | 10.81% |
| Technology | ₹639.11 Cr | 9.32% |
| Healthcare | ₹590.1 Cr | 8.61% |
| Basic Materials | ₹560.09 Cr | 8.17% |
| Consumer Defensive | ₹543.31 Cr | 7.93% |
| Energy | ₹430.53 Cr | 6.28% |
| Communication Services | ₹220.79 Cr | 3.22% |
| Utilities | ₹207.6 Cr | 3.03% |
| Real Estate | ₹108.36 Cr | 1.58% |
Risk & Performance Ratios
Standard Deviation
This fund
12.63%
Cat. avg.
12.52%
Lower the better
Sharpe Ratio
This fund
1.20
Cat. avg.
0.97
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.80
Higher the better
Fund Managers
DP
Daylynn Pinto
Since October 2016
RB
Ritika Behera
Since October 2023
Additional Scheme Detailsas of 30th June 2024
ISIN | INF194K01Y29 | Expense Ratio | 0.63% | Exit Load | No Charges | Fund Size | ₹6,856 Cr | Age | 01 Jan 2013 | Lumpsum Minimum | ₹500 | Fund Status | Open Ended Investment Company | Benchmark | S&P BSE 500 India 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
Withdrawal within 1 year
Flat 15% tax on realised gains (STCG - short term capital gains)
Withdrawal after 1 year
10% tax on realised gains above Rs. 1 lakh per financial year (LTCG - long term capital gains)
Note: Mutual funds are subject to capital gains taxation with surcharge and cess, based on prevailing income tax rules and investor income. Taxation applies 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% | ₹4551.18 Cr | 34.0% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4551.18 Cr | 32.5% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹37106.30 Cr | 29.4% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹3731.20 Cr | 36.0% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹3731.20 Cr | 34.5% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.8% | 0.0% | ₹54.22 Cr | 41.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹54.22 Cr | 39.5% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹363.38 Cr | 55.5% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹363.38 Cr | 52.7% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1649.12 Cr | 25.5% |
About the AMC
Total AUM
₹1,44,833 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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We're here to help.
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 25-Jul-2024, is ₹174.31.
What are the returns of Bandhan Tax Advantage (ELSS) Fund Direct Growth?
The fund has generated 33.95% over the last 1 year and 21.78% 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 97.50% in equities, 0.00% in bonds, and 2.50% 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
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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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.