Saturday, December 6, 2008

IDFC Tax Advantage (ELSS) Fund (G)

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IDFC Tax Advantage (ELSS) Fund, is an open-ended equity linked saving scheme. The investment objective of the scheme is to seeks to generate long-term capital growth from a diversified portfolio of predominantly Equity and Equity related securities.

Issue Open: 01-Dec-2008
Issue Close: 17-Dec-2008
Mutual Fund Family: IDFC Asset Management Company Private Limited
Fund Class: Equity Tax Saving
Fund Type: Open-Ended
Investment plan: Growth
Fund Manager: Naval Bir Kumar
Entry Load: 2.25%
Exit Load: 0.00%
Minimum Investment: Rs. 500
Other Info: Entry load - 2.25% for investments of less than Rs. 5 crores (including for SIP's / STP's)
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1 comment:

  1. 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.