Last Chance to Save Money with HDFC Tax Saver Fund

Last Chance to Save Money with HDFC Tax Saver Fund


As the new financial year has begun, have we started thinking about tax planning? Do not wait until the last minute to plan your finances. Investments in Mutual Funds provide a good way to collect money. But have we thought about the tax implications? Worry not as a unique category is designed for the investors called the ELSS Schemes. These are Equity-linked schemes that give us a reduction in our tax liabilities.

Now there are multiple options available to invest but the HDFC Tax Saver Fund has gained a lot of popularity. With its strong performance in the industry, this fund house has created a buzz in the Mutual Fund industry.

In this article, we will closely explore the various fundamentals of this Fund Scheme. Discussing the objectives, how it works, role played by the fund manager are such topics that will be covered under it. Let us start our analysis by learning what a tax-saving fund means.

What is a Tax Saving Fund?

A tax-saving fund is a kind of mutual fund that focuses on helping investors save money on taxes. These funds are also known as Equity Linked Saving Schemes (ELSS) in India. Investing in tax-saving funds allows investors to claim tax deductions under Section 80C of the Income Tax Act, up to a maximum of Rs.1.5 lakh every fiscal year. These funds generally invest in stock and equity-related securities, to provide investors with tax benefits as well as possible long-term wealth creation.

These funds come with a 3-year lock-in period which allows the manager to study the fund. It simplifies the manager’s job by allowing more time to build the fund to its full potential.

Investing in these schemes is like enjoying dual benefits. One is the creation of wealth and the other is the tax reduction.

Is HDFC Tax Saver Fund Worth Your Money?

This is a very important question to ask yourself. In the end, all that matters our investment should be worth it. Well, if we talk about this particular scheme, it has generated a total of 22.11% returns since its inception. The scheme’s consistency in delivering such good returns reflects a promising future. Even though performance depends on the market volatility, HDFC Tax Saver Fund has managed to keep itself up and float during the market shifts.

The AUM (Asset Under Management) reflects a great deal about the fund’s abilities and the trust of the investors in it. With a standing AUM of Rs.13820.09 Cr, it is a viable option to invest.

What is the Objective of HDFC Tax Plan?

  • The technique focuses on investing in equities across industries. It focuses on the possibility of higher returns than bonds or fixed deposits.
  • The portfolio diversifies assets across industries and market sizes to minimize risk. It guarantees that performance is not dependent on a certain sector or business.
  • Investments are based on thorough evaluations of organizations, including earnings growth, management quality, and industry trends. It identifies solid firms with long-term growth potential.
  • The strategy includes measures for mitigating negative risk. Examples include determining exit points for failing stocks and managing portfolio allocation.
  • Encouraging investors to stay invested by emphasizing a long-term outlook that aligns with capital appreciation.

How HDFC Tax Saver Fund Work?

The HDFC Tax Saver Fund manages funds pooled from individuals to invest in equities, bonds, and other assets. This fund’s main goal is to make it easier for the money invested to increase over time. A group of experts runs it, monitoring business performance, economic developments, and market circumstances. They make decisions based on these considerations to maximize profits for all investors.

When investing in this fund, units are purchased, with each unit representing a portion of the total funds invested. The value of these units, changes according to the performance of the investments held within the fund.

The HDFC Tax Plan has the benefit of potentially offering tax savings. Tax deductions are available for contributions made to this fund under Section 80C of the Income Tax Act. Generally, the investment must be kept in the fund for a predetermined amount of time—typically three years—to qualify for these tax benefits.

All things considered, the HDFC ELSS Tax Saver Fund presents a chance to take part in the stock market’s expansion, professional fund management, and the possibility of tax savings. This makes it a preferred option for people looking for tax efficiency and long-term wealth growth.

Time to Talk About the Role of Fund Manager

Meet Ms. Roshi Jain (Fund Manager Equity)

Ms Roshi Jain is the brilliant Fund Manager for the HDFC ELSS Tax Saver Scheme. She is an experienced professional with over 17 years of expertise in research and investment management, and her journey began on July 29, 2022. Ms. Jain holds a Post Graduate Diploma in Management from the prestigious Indian Institute of Management in Ahmedabad. She is also a Chartered Accountant and CFA Charter holder.

Ms. Jain’s considerable expertise and talents make her a valued asset to the HDFC Mutual Fund team. With her extensive experience, she can comfortably navigate the market’s complexities, ensuring the fund’s success. Investors may rely on Ms. Jain’s abilities to guide the fund to growth and success.

How to Use ELSS Tax Saver Calculator?

You can perform ELSS Tax Saver Calculations quickly and easily using the MySIPonline Calculator.

  • Locate the ELSS tax saver calculator tool by going to the MySIPonline website or app.
  • Enter the total amount you want to spend for the financial year in ELSS funds.
  • Specify the length of the investment, taking into account the three-year lock-in period of ELSS funds.
  • Calculate the expected average yearly rate of return for your ELSS investments.
  • After the investment period, the calculator will provide an estimate of potential returns and tax savings under Section 80C.
  • To compare scenarios, experiment with varying investment amounts, periods, and predicted rates of return.
  • If you need help or have concerns about using the calculator or understanding the findings, get in touch with our team of experts at MySIPonline.


In the end, if tax planning is what you are looking for, HDFC Tax Plan serves as the right investment option among its competitors. While maintaining a strong presence it has delivered consistent returns for its investors. Start investing through a Systematic Investment Plan (SIP) for a flexible and disciplined approach. Experts with years of experience manage this scheme, as discussed in this article. This builds trust among the investors and boosts the popularity of the fund as well.



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