Edelweiss ELSS Tax saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 23-12-2024
₹ 127.85
1D
Inception Returns
16.1%
/yr
About Edelweiss ELSS Tax saver Fund Direct Growth
Edelweiss ELSS Tax saver Fund Direct Growth is an equity fund. This fund was started on 24 January, 2013. The fund is managed by Ashwani Agarwalla. The fund could potentially beat inflation in the long-run.
Key Parameters
- Edelweiss ELSS Tax saver Fund Direct Growth has ₹398 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Edelweiss ELSS Tax saver Fund Direct Growth has given a CAGR return of 16.06% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.66%, 19.01% and 19.54% respectively.
Holdings
Edelweiss ELSS Tax saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Cyclical, Health, Consumer Defensive, Energy, Basic Materials, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, State Bank of India
Taxation
As it is a elss (tax savings) mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Edelweiss ELSS Tax saver Fund Direct Growth
The primary objective of the Scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments. 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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for Edelweiss ELSS Tax saver Fund Direct Growth of 3 Years
Historical NAV & Returns
Annualised
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148 people have invested ₹ 5.5L in Edelweiss ELSS Tax saver Fund Direct Growth in the last three months
INDmoney Rank for Edelweiss ELSS Tax saver Fund Direct Growth
Powered by IND quant engine
11
/23
49% Performance
47% Risk Management
85% Cost
11 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
No bad points found for this fund.
Edelweiss ELSS Tax saver Fund Direct Growth Overview
| Expense ratio | 0.7% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹398 Cr |
| Inception Date | 24 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 30.28% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
66.3%
Mid cap
16%
Small cap
14%
Sector Allocation
Financial Services
32.4%
Industrial
14.3%
Tech
12.5%
Consumer Cyclical
10.6%
Health
7.7%
Consumer Defensive
5.9%
Energy
5.5%
Basic Materials
4.3%
Communication
2.6%
Utilities
2.5%
Real Estate
1.7%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.63% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.23% in Nov'24
- AUM of the fund stands at 397.7 Cr as of Nov'24
- AUM increased by 4.8 Cr between Nov'24 and Oct'24
Top Stocks bought last month
Power Finance Corp Ltd's allocation increased from 0.46% to 0.9%
HCL Technologies Ltd's allocation increased from 0.62% to 1.02%
Infosys Ltd's allocation increased from 2.84% to 3.16%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 5.37 % to 5.34 %
Reliance Industries Ltd's allocation decreased from 3.68 % to 3.53 %
Trent Ltd's allocation decreased from 3.13 % to 2.95 %
Small Cap allocation has gone down from 14.7% to 14%
Mid Cap allocation has gone down from 16.6% to 16%
Large Cap allocation has gone down from 66.3% to 66.3%
Cash allocation has gone up from 1.8% to 2.8%
Top 3 Sectors in November were Financial Services, Industrial & Tech
Nov'24
Financial Services
32%
Industrial
14%
Tech
13%
Oct'24
Financial Services
33%
Industrial
14%
Tech
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6% | 0% | |
 ICICI Bank Ltd | 5.34% | 0% | |
 Reliance Industries Ltd | 3.53% | 0% | |
 Infosys Ltd | 3.16% | 6.4% | |
 State Bank of India | 3.15% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 17.6% |
 Infosys Ltd | 6.1% |
 HDFC Bank Ltd | 3% |
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Ashwani Agarwalla
Fund Manager of Edelweiss ELSS Tax saver Fund Direct Growth, since 1 August 2023
Top funds managed
Fund House
Edelweiss Asset Management Limited
Total Schemes
Total AUM
₹1.05L Cr
as on 29-Nov-2024
Address
Edelweiss House, Off C.S.T. Road, Kalina
Phone
91-22-40979900
Website
investor.amc@edelcap.com
Mutual Fund Insights
This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.7% which is lower than the category average expense ratio of 1.28%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 32.24% return, outperforming this fund by 12.7% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 53% return, outperforming this fund by 27.33%.
Over the last 1 year, this fund has increased expense ratio by 7.7% moving from 0.65 to 0.70.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 30.66% return, outperforming this fund by 11.65% per annum.
Edelweiss ELSS Tax saver Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.06% since inception which is more than its category average return of 15.66%
Fund Allocations
This fund has an allocation of 97.17% in Equity, 0% in Debt and 2.83% in Cash related instruments
AUM size ₹398 Cr
This fund has AUM of ₹398 Cr which is less than its category average of ₹ 3948 Cr
Expense Ratio 0.7%
This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.45%
Frequently Asked Questions for Edelweiss ELSS Tax saver Fund Direct Growth
The current NAV of Edelweiss ELSS Tax saver Fund Direct Growth is ₹127.85 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Edelweiss ELSS Tax saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.84% | 2.84% |
6 Month Returns | 3.32% | 3.32% |
1 Year Returns | 25.66% | 25.66% |
3 Years Returns | 68.57% | 19.01% |
5 Years Returns | 144.09% | 19.54% |
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0.7% as on November 2024
₹398 Cr as on November 2024
HDFC Bank Ltd(6%), ICICI Bank Ltd(5.34%), Reliance Industries Ltd(3.53%), Infosys Ltd(3.16%), State Bank of India(3.15%) as on November 2024
Financial Services(31.53%), Industrial(13.89%), Tech(12.16%) as on November 2024
The alpha ratio for the Edelweiss ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Edelweiss ELSS Tax saver Fund Direct Growth | 5.61 | 2.38 | 1.25 |
As on November 2024
The alpha for Edelweiss ELSS Tax saver Fund Direct Growth is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Edelweiss ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Edelweiss ELSS Tax saver Fund Direct Growth | 0.91 | 0.92 | 0.94 |
As on November 2024
The Beta for Edelweiss ELSS Tax saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Edelweiss ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Edelweiss ELSS Tax saver Fund Direct Growth | 1.88 | 0.95 | 0.82 |
As on November 2024
The sharpe ratio for Edelweiss ELSS Tax saver Fund Direct Growth is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Edelweiss ELSS Tax saver Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Edelweiss ELSS Tax saver Fund Direct Growth | 11.87 | 12.91 | 18.37 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.7 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.58 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Ashwani Agarwalla is the fund manager of Edelweiss ELSS Tax saver Fund Direct Growth
The Exit load of Edelweiss ELSS Tax saver Fund Direct Growth is 0%