IDFC Tax Advantage (ELSS) Fund: Tax savings with long-term growth

The fund has outperformed the benchmark (S&P BSE 500 TRI) and its peers (funds ranked under the ELSS category in December 2021 CMFR) in the past 1-, 2-,3-,5-, 7- and 10-year trailing periods

Launched in December 2008, IDFC Tax Advantage (ELSS) Fund has featured in the top 30 percentile of the ELSS funds category of CRISIL Mutual Funds Ranking (CMFR) for four consecutive quarters through December 2021. Daylynn Pinto has been managing the fund since October 2016. The month-end assets under management of the fund stood at Rs 3,428 crore as of February 2022, up from Rs 1,992 crore in March 2019.

The investment objective of the scheme is to seek to generate long-term capital growth from a diversified portfolio of predominantly equity and equity related securities.

Trailing returns

The fund has outperformed