IDFC Tax Advantage (ELSS) Fund
December 15th, 2008
Mutual Fund
IDFC Mutual Fund
Scheme Name
IDFC Tax Advantage (ELSS) Fund
Objective of Scheme
to seek to generate long-term capital growth from a diversified portfolio of predominantly Equity and Equity related securities.
Scheme Type
Open Ended
Scheme Category
ELSS
New Fund Launch Date
1-Dec-2008
New Fund Earliest Closure Date
-
New Fund Offer Closure Date
17-Dec-2008
Indicate Load Separately
Of less than Rs. 5 Crores (including for SIPs & STPs) - 2.25%; Of Rs. 5 Crores or more (including for SIPs & STPs) - Nil; By an FOF (irrespective of the amount of Purchase) - Nil
Offer Price (Rs.)
Rs. 10/- per Unit (s)
Minimum Subscription Amount
Rs. 500/-
Entry Filed under: Mutual Funds, NFO, ELSS, IDFC Mutual Fund
1 Comment Add your own
1. Sushil; | December 24th, 2008 at 11:52 pm
For a more informed investor who has the time to research, I would recommend selecting mutual fund schemes to invest in based on the following criteria.
1. Longterm Performance , consistency in Returns
2. Short Term Performance (though a fund has performed well in the past, is there a let down in short to mid term performance)
3. Performance across market cycles, like during bullish and bearish phases (how well did the fund perform during the bearish phases)
4. Fund Corpus (When selecting midcap funds, the corpus size is very important)
5. Fund Managers performance with the scheme(If a fund just got a new fund manager, I would observe the performance under this new manager before I select the fund)
6. For equity mutual funds, one will also need to evaluate risk. (Exposure to midcaps, Standard Deviation of the fund)
7. For debt mutual funds, apart from risk one also need to examine entry/exit loads and expense ratio are very important.
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