Build wealth over the long term + Save taxes.

Presenting HDFC TaxSaver.

‘Nothing is certain except death and taxes’

Going by this quote, it seems like Benjamin Franklin too felt the pinch of
taxes back in the 18th century. 200 years later, it still holds true. While
one cannot avoid the pinch of taxes on one’s income, there are ways to
reduce the tax burden.
Investing in an 80C deduction-eligible instrument like Equity Linked
Savings Scheme (ELSS) can help to reduce your tax outgo and moreover,
helps create wealth.
HDFC TaxSaver with a long track record of more than 25 years presents
an avenue for dual benefit of capital appreciation and tax deduction

AMFI Registered Mutual Fund Distributor

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Why invest in HDFC TaxSaver?

Investment is eligible for

deduction of up to
Diversified equity Track record of wealth ` 1,50,000 (along with
portfolio creation over more than other prescribed
25 years investments) u/s 80C of
The Income-tax Act, 1961
for individuals and HUFs

Lock in period of 3 years, Investments can be

Reduction of tax
which is lower than other made in lumpsum or by
liability by ` 46,800 by
investment options for way of SIPs(Monthly) as
investing ` 1,50,000*
80C deduction like PPF, small as ` 500/-
NSC or Tax Saving FDs

* Calculated as per income tax slabs for FY 2023 applicable for an individual assesse below the age of 60 with
taxable income above ` 10 lakh but less than ` 50 lakh. The calculation is inclusive of cess. The same is for
illustration purposes only. SIP - Systematic Investment Plan.

Healthy recent performance

HDFC TaxSaver has exhibited healthy absolute and relative performance over the last
1 year, outperforming the category median and the Scheme Benchmark (NIFTY 500
TRI) by ~9.1% and 5.6% respectively.
Further, over the last 6 months, in a period marked by significant volatility; the Scheme
outperformed category median and benchmark by 6.9% and 4.5% respectively.

6M (Absolute %) 1Y% 2Y (CAGR %)

Scheme Returns (%) 12.5 12.3 29.6

Category Median Returns* (%) 5.6 3.2 27.5
Outperformance/
(Underperformance) vs +6.9 +9.1 +2.1
Category Median (%)

Benchmark Returns (%) 8.0 6.7 29.4

Outperformance/(Underperformance) +4.5 +5.6 +0.2
vs Benchmark (%)
As of August 30, 2022.
* All Open-Ended ELSS schemes considered.
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 Investment Philosophy
for HDFC TaxSaver
Focus on good quality companies
Fundamentally strong companies with growth drivers in medium to long term
Competitively placed in an industry with good prospects
Stock selection will consider stage and trajectory of industry cycle and take a
risk-adjusted view so as to position ahead of the market
Strong management with an ability to capitalize on opportunities while managing risks
Track record of corporate governance, ESG sensitivity and transparency

Valuation discipline and strategic approach

Emphasis on valuation to provide reasonable margin of safety
Holistic approach to valuations without relying solely on traditional parameters like P/E or P/B
Considering the long term nature of investments in the Scheme, stock selection will be
strategic and long term in nature, instead of tactical.

About the Fund Manager – Ms. Roshi Jain

Ms. Roshi has 17 Years of Experience in Research and Fund Management. Before joining HDFC
Asset Management Co Ltd in December 2021, she worked with Franklin Templeton India AMC Ltd
as a Vice President & Portfolio Manager.

She started her career in 2002 as a Financial Analyst at Goldman Sachs and has worked at their
London, Singapore and HK offices. In 2005, she moved to the investment team of Franklin
Templeton.

Ms. Roshi earned her Post Graduate Diploma in Management from Indian Institute of Management,
Ahmedabad in 2002. She earned her Chartered Accountancy from the Institute of Chartered
Accountants of India in 1998 with an All-India Rank 2. She is also a Chartered Financial Analyst
(CFA) Charterholder.

Portfolio Statistics Top 10 holdings (As on August 31, 2022)

Company Industry+ % to NAV

ICICI Bank Ltd. Banks 10.15
HDFC Bank Ltd. Banks 9.11
State Bank of India Banks 5.97
Bharti Airtel Ltd. Telecom - Services 5.71
Hindustan Aeronautics Ltd. Aerospace & Defense 5.16
Mahindra & Mahindra Ltd. Automobiles 4.95
Infosys Ltd. IT - Software 4.73
NTPC Ltd. Power 4.19
HCL Technologies Ltd. IT - Software 4.08
SBI Life Insurance Company Ltd. Insurance 3.80
Market Cap Exposure
Large Caps Mid-Cap Small Cap
84.70% 7.50% 3.20%
% of Net Assets (As per AMFI classification as on June 2022). + Industry Classification as recommended by AMFI.

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HDFC TaxSaver - Regular Plan - Growth option NAV as at August 30, 2022 ` 788.953

Additional Value of investment of ` 10,000@

Period Scheme Benchmark
Returns (%)$$ Returns (%)# Benchmark
Returns (%)## Additional
Scheme (`)$$ Benchmark (`)# Benchmark(`)##

Last 1 year 12.27 6.68 5.14 11,224 10,666 10,513

Last 3 years 18.34 20.83 18.63 16,582 17,652 16,701

Last 5 years 9.49 13.31 13.78 15,732 18,682 19,071

Since inception* 22.17 14.17 12.90 1,990,199 332,326 247,407

*Inception Date: March 31, 1996. The Scheme is managed by Ms. Roshi Jain from January 13, 2022. # NIFTY 500 (Total Returns Index)
## NIFTY 50 (Total Returns Index). As TRI data is not available since inception of the scheme, additional benchmark performance is
calculated using composite CAGR of NIFTY 50 PRI values from Mar 29, 96 (Data for March 31, 96 is not available) to Jun 29, 99 and TRI
values since Jun 30, 99. As NIFTY 500 TRI data is not available for March 31, 96, benchmark performance is calculated from March 29, 96.
$$ All Distributions declared prior to the splitting of the Scheme into IDCW & Growth Options are assumed to be reinvested in the units of the
Scheme at the then prevailing NAV (ex-distribution NAV).

Performance of other funds managed by Roshi Jain, Fund manager of HDFC TaxSaver
(who manages total 3 schemes which have completed 1 year)
Returns as on August 30, 2022

Scheme Managing Scheme since Last 1 year (%) Last 3 years (%) Last 5 years (%)

HDFC Focused 30 Fund 13-Jan-22 22.08 21.38 10.46

Benchmark- NIFTY 500 (Total Returns Index) 6.68 20.83 13.31

HDFC Flexi Cap Fund 29-Jul-22 18.30 20.74 13.24

Benchmark- NIFTY 500 (Total Returns Index) 6.68 20.83 13.31

On account of difference in the type of the Scheme, asset allocation, investment strategy, inception dates, the performance of these
schemes is strictly not comparable.
Notes common to all the tables given above: Past performance may or may not be sustained in the future. The above returns are for Regular
Plan - Growth Option. Load is not taken into consideration for computation of performance. Returns greater than 1 year period are
compounded annualized (CAGR). Different plans viz. Regular Plan and Direct Plan have a different expense structure. The expenses of the
Direct Plan under the Scheme will be lower to the extent of the distribution expenses / commission charged in the Regular Plan. Since
Inception Date = Date of First allotment in the Scheme/Plan. Returns as on August 30, 2022.

HDFC TaxSaver (An Open-ended Equity Linked Savings Scheme Riskometer#

with a statutory lock in of 3 years and tax benefit) is suitable for
investors who are seeking*:

• To generate long-term capital appreciation/ income

• Investment predominantly of equity & equity related instruments

*Investors should consult their financial advisers, if in doubt about whether the
product is suitable to them.

NAME OF SCHEME(S) RISKOMETER OF THE SCHEME(S)# NAME AND RISKOMETER OF BENCHMARK

NIFTY 500 (Total Returns Index)

 HDFC Flexi Cap Fund
Modera
HDFC Focused 30 Fund oderate High tely

o M
w t erate Hi
HDFC TaxSaver
Mo Lo

gh


d

Very
Low

High

RISKOMETER
Investors understand that their principal will be at
very high risk

#For latest riskometer, investors may refer to the Monthly Portfolios disclosed on the website of the Fund viz. www.hdfcfund.com

MUTUAL FUND INVESTMENTS ARE SUBJECT TO MARKET RISKS,

READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.
Date of Release: September 29, 2022

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