Should I invest in Fidelity Tax Advantage Fund?

We don't give personal investment advice. Fidelity Tax Advantage Fund-Growth Option is suitable for an investor whose:time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a lossrisk tolerance accepts seeing the portfolio fall sharply without panic-sellinggoal isn't capital preservation in the short termCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 56.5%. 5-year CAGR: 5.22%.

Fidelity

Fidelity Tax Advantage Fund-Growth Option

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.34%	-1.86%	+2.20	42 / 90	Q2
1W	-0.01%	-3.45%	+3.43	37 / 87	Q2
2W	-0.92%	-4.75%	+3.83	24 / 87	Q2
1M	-0.19%	-5.79%	+5.60	16 / 87	Q1
3M	+5.06%	-4.65%	+9.71	15 / 87	Q1
6M	+14.04%	-3.61%	+17.65	13 / 89	Q1
YTD	+22.37%	-5.38%	+27.74	8 / 89	Q1
1Y	+18.77%	+0.15%	+18.63	16 / 87	Q1
2Y	-1.56%	-0.30%	-1.26	62 / 86	Q3
3Y	+8.18%	+5.90%	+2.27	54 / 81	Q3
4Y	+25.61%	+8.17%	+17.44	1 / 78	Q1
5Y	+5.22%	+6.75%	-1.53	62 / 77	Q4
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+11.38%	+5.84%	+5.54	27 / 91	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2012 YTD	+22.37%	+28.66%	-6.30	22 / 27
2011	-21.80%	-28.62%	+6.82	7 / 25
2010	+29.24%	+14.25%	+14.98	1 / 30
2009	+83.42%	+64.74%	+18.67	6 / 25
2008	-50.23%	-57.48%	+7.25	4 / 18
2007	+57.03%	+44.08%	+12.96	4 / 12
2006	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+17.56%

69 windows

min -51.3% · max 115.2%

68% positive

3-Year rolling

+14.84%

45 windows

min 0.2% · max 31.9%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+11.12%

21 windows

min 5.2% · max 18.5%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

15.11%

3-year · annualised

Sharpe ratio

0.17

vs risk-free 6.5%

Sortino ratio

0.26

Downside-only deviation

Max drawdown

-25.56%

Nov 2010 → Dec 2011

% positive months

55.6%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in ELSS

Scheme	Fund house	NAV	As of
HDFC TaxSaver-Dividend Plan	HDFC	₹63.4950	10 Jun 2026
NIPPON INDIA ELSS TAX SAVER FUND - ANNUAL IDCW Option	Nippon India	₹19.8315	10 Jun 2026
SBI MAGNUM TAXGAIN SCHEME 1993 - DIVIDEND	SBI	₹84.7997	10 Jun 2026
ICICI Prudential Long Term Wealth Enhancement Fund - IDCW Option	ICICI Prudential	₹27.2000	10 Jun 2026
Quantum Tax Saving Fund - Dividend	Quantum	₹120.2000	10 Jun 2026
Motilal Oswal ELSS Tax Saver Fund - IDCW Payout	Motilal Oswal	₹29.4537	10 Jun 2026
Franklin India Taxshield-Dividend	Franklin Templeton	₹57.5323	10 Jun 2026
Kotak Tax Saver-Scheme-Dividend	Kotak Mahindra	₹41.0930	10 Jun 2026
EDELWEISS ELSS FUND - Dividend Option	Edelweiss	₹29.0400	10 Jun 2026
DSP BlackRock Tax Saver Fund - Dividend	DSP BlackRock	₹21.2240	10 Jun 2026

Recent NAVs

Date	NAV
22 Nov 2012	₹22.5630
21 Nov 2012	₹22.4860
20 Nov 2012	₹22.3820
19 Nov 2012	₹22.3880
16 Nov 2012	₹22.4090
15 Nov 2012	₹22.5660
12 Nov 2012	₹22.7320
9 Nov 2012	₹22.6670
8 Nov 2012	₹22.7720
7 Nov 2012	₹22.8840

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

Fidelity Tax Advantage Fund-Growth Option is a ELSS from Fidelity (Unknown plan, IDCW (dividend) option). Latest NAV isn't currently available in our feed — the AMC publishes it once per business day after market close.

Fidelity Tax Advantage Fund-Growth Option has NAV history starting from 03 Apr 2006, a track record of about 20 years 2 months. Long-tenured funds like this have weathered multiple market cycles — the 2008 crash, 2013 taper tantrum, 2020 COVID drawdown — which makes their returns more credible than a 3-year track record alone.

Fidelity Tax Advantage Fund-Growth Option is managed by Fidelity. It's classified by AMFI under the 'ELSS' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Fidelity Tax Advantage Fund-Growth Option has delivered a absolute return of 18.77% — +18.63 pp ahead of the ELSS category average of 0.15%. The fund ranks #16 of 87 in its category — the top (Q1) quartile.

Over the trailing 3-year window, Fidelity Tax Advantage Fund-Growth Option has delivered a CAGR of 8.18% — +2.27 pp ahead of the ELSS category average of 5.90%. The fund ranks #54 of 81 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Fidelity Tax Advantage Fund-Growth Option has delivered a CAGR of 5.22% — -1.53 pp behind the ELSS category average of 6.75%. The fund ranks #62 of 77 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Fidelity Tax Advantage Fund-Growth Option exactly 5 years ago would be worth approximately ₹128,976 today — a multiplier of 1.29×, based on the 5-year CAGR of 5.22%. The category average over the same window would have grown ₹1 lakh to ₹138,617.

A ₹10,000 monthly SIP in Fidelity Tax Advantage Fund-Growth Option over the last 5 years — total invested ₹600,000 — would be worth ₹815,276 today. That's an XIRR (money-weighted annualised return) of 12.19%.

Fidelity Tax Advantage Fund-Growth Option doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹815,276 — XIRR 12.19%.

On a 5-year basis, Fidelity Tax Advantage Fund-Growth Option ranks #62 out of 77 funds in the ELSS category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 6.75%; this fund delivered 5.22%.

The worst peak-to-trough decline Fidelity Tax Advantage Fund-Growth Option has experienced over the last 5-year window is 56.54% — its NAV fell from a high on 04 Jan 2008 to a low on 09 Mar 2009. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Fidelity Tax Advantage Fund-Growth Option averaged 11.12% (best 18.54%, worst 5.22%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.08 — weak risk-adjusted performance.

In calendar year 2011, Fidelity Tax Advantage Fund-Growth Option returned -21.80% — beating the ELSS category average of -28.62% by 6.82 pp. It ranked #7 of 25 in its category that year.

Fidelity Tax Advantage Fund-Growth Option is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Fidelity Tax Advantage Fund-Growth Option is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 56.5%. 5-year CAGR: 5.22%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.