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Indiabulls Tax Savings Fund

Type of Scheme: An Open ended Equity Linked Savings Scheme

Investment Objective: The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related Securities. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
This product is suitable for investors who are seeking*
The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities.
An ELSS Scheme offering tax benefits under Section 80C of the Income Tax Act
Moderately High Risk
RISKOMETER
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*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

Asset Allocation

Instruments Indicative allocation(% of Net Assets)(Minimum - Maximum) Risk Profile(High/ Medium/ Low)
Equity and Equity related instruments as per ELSS guidelines 80% to 100% High
Debt, Money Market instruments, Cash and equivalent 0% to 20% Low to Medium

 

The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. The scheme shall offer tax benefits under Section 80C of the Income Tax Act.
However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

 

  • Type of Scheme :
    Open-Ended Equity Linked Savings Scheme
  • Benchmark Index :
    S&P BSE 500 Index
  • Load Structure:
    Entry Load: Not Applicable;
    Exit Load   : NIL
  • Plans :
    Direct & Regular
  • Options :
    Growth & Dividend
  • Minimum Application Amount :
    Rs. 500 and multiples of Re. 500 thereafter
    Rs. 500 and in multiples of Re. 500 thereafter (For Systematic Investment Plan (SIP))
  • Minimum Additional Purchase Amount :
    Rs. 500 and in multiples of Re. 500 thereafter
  • Minimum Redemption Amount :
    Minimum of Rs. 500 or account balance, whichever is lower and in multiples of Re. 500 thereafter.
  • SIP :
    SIP facility is available. STP in and SWP in from other schemes available. However there is no facility for STP/SWP out of the ELSS scheme to other schemes. In addition to the above Dividend Sweep in and Sweep out is also available
  • Lock-in Period :
    3 years

 

 

Mr. Sumit Bhatnagar (Head–Equity Funds)

Mr. Sumit Bhatnagar has over 14 years of experience in Banking & Capital Markets. At Indiabulls Mutual Fund, Sumit played a pivotal role in setting up the AMC systems & processes and in framing business strategy, designing business plan and products for the AMC. He is extensively research oriented and follows a Top Down approach for Large Caps and Bottom Up approach for Mid / Small Cap. He is well versed with Indian and Global Macros. Earlier, he worked with SEBI for five years in Investment Management Department, handing critical policy matters pertaining to mutual funds and contributed extensively in various high powered committees of SEBI. He holds an MBA (Investment Management) from the University of Toronto, Canada and is also a CFA (USA).

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Mr. Malay Shah (Head – Fixed Income)

Mr. Malay Shah has around 14 years of experience in the field of finance. He has exposure to Debt – Dealing and Fund Management. Prior to joining Indiabulls Asset Management Company Limited, he was working in the capacity of Head – Fixed Income with Peerless Funds Management Co. Ltd, managing all the debt schemes namely Liquid, Ultra Short Term, Short Term, Income Plan, Child Plan, Dynamic Bond and FMPs. He is a Commerce graduate and has done his MMS in Finance from NMIMS.