HDFC Mutual Fund HDFC TaxSaver

HDFC Taxsaver offers a rare combination of low risk and high returns. One of the least volatile fund in the equity related tax planning category, HDFC Taxsaver has delivered 43.07 per cent annual return since launch in March 1996. No other equity fund is even near to this long-term performance record.

Fund Objective:
The investment objective of the Scheme is to achieve long term growth of capital.

Basic Scheme Information

Nature of Scheme	Open Ended Equity Linked Savings Scheme
Inception Date.	Mar 31, 1996
Entry Load. (as a % of the Applicable NAV)	• In respect of each purchase / switch-in of Units less than Rs. 5 crore in value, an Entry Load of 2.25% is payable. • In respect of each purchase / switch-in of Units equal to or great than Rs. 5 crore in value, no Entry Load is payable.
Exit Load. (as a % of the Applicable NAV)	Nil
Minimum Application Amount.	Rs.500 and in multiples of Rs.100 thereof to open an account / folio.
Lock In Period.	3 Years
Net Asset Value Periodicity.	Every Business Day.
Option/Plan	Dividend Plan, Growth Plan

Stated Asset Allocation

Equities and Equity Related Instruments	80%
Debt & Money Market Instruments	20%

The Scheme may also invest upto 25% of net assets of the Scheme in derivatives such as Futures & Options and such other derivative instruments as may be introduced from time to time for the purpose of hedging and portfolio balancing and and other uses as may be permitted under the regulations and guidelines.

The Scheme may also invest a part of its corpus, not exceeding 40% of its net assets, in overseas markets in Global Depository Receipts (GDRs), ADRs, overseas equity, bonds and mutual funds and such other instruments as may be allowed under the Regulations from time to time.

Subject to the Regulations and the applicable guidelines, the Scheme may, engage in Stock Lending activities. Also refer to Section on Stock Lending by the Fund.

If the investment in equities and related instruments falls below 80% of the portfolio of the Scheme at any point in time, it would be endeavoured to review and rebalance the composition.

Keeping in view market conditions, market opportunities, the HDFC TaxSaver can change it's asset allocation pattern. The current allocation pattern is just only indicative and not absolute, can vary substantiallydepending upon the perception of the AMC