Edelweiss ELSS Tax saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 22-11-2024
₹ 125.61
1D
Inception Returns
15.9%
/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 ₹393 Cr worth of assets under management (AUM) as on Oct 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 15.86% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 29.78%, 15.58% and 19.16% 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, Trent 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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159 people have invested ₹ 4.9L 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
10
/23
45% Performance
45% Risk Management
68% Cost
10 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 | ₹393 Cr |
| Inception Date | 24 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 30.28% |
| STCG | Redeeming 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 (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
66.3%
Mid cap
16.6%
Small cap
14.7%
Sector Allocation
Financial Services
33.1%
Industrial
14.3%
Tech
11.1%
Consumer Cyclical
11.1%
Health
7.9%
Consumer Defensive
6%
Energy
5.7%
Basic Materials
4.4%
Communication
2.6%
Utilities
2.3%
Real Estate
1.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.16% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.36% in Oct'24
- AUM of the fund stands at 393 Cr as of Oct'24
- AUM decreased by 20 Cr between Oct'24 and Sep'24
Top Stocks bought last month
BSE Ltd's allocation increased from 1.65% to 2.1%
Karur Vysya Bank Ltd's allocation increased from 0.89% to 1.25%
ICICI Bank Ltd's allocation increased from 5.03% to 5.37%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 3.89 % to 3.68 %
Trent Ltd's allocation decreased from 3.17 % to 3.13 %
Infosys Ltd's allocation decreased from 2.89 % to 2.84 %
Large Cap allocation has gone down from 67.2% to 66.3%
Small Cap allocation has gone up from 13.9% to 14.7%
Mid Cap allocation has gone up from 14.9% to 16.6%
Cash allocation has gone down from 3.4% to 1.8%
Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical
Oct'24
Financial Services
33%
Industrial
14%
Tech
11%
Sep'24
Financial Services
32%
Industrial
14%
Consumer Cyclical
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.87% | 0% | |
 ICICI Bank Ltd | 5.37% | 0% | |
 Reliance Industries Ltd | 3.68% | 0% | |
 Trent Ltd | 3.13% | 0% | |
 State Bank of India | 3.11% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 9.1% |
 Indian Bank | 2.1% |
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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 31-Oct-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 1.29%.
In the last 3 years, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 24.77% return, outperforming this fund by 9.18% per annum.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 51.68% return, outperforming this fund by 21.9%.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 31.42% return, outperforming this fund by 12.26% per annum.
Over the last 1 month, this fund has experienced a 4.8% drop in AUM moving from 412.96 Cr to 392.98 Cr.
Over the last 3 months, this fund has increased expense ratio by 14.8% moving from 0.61 to 0.70.
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 15.86% since inception which is more than its category average return of 15.51%
Fund Allocations
This fund has an allocation of 98.22% in Equity, 0% in Debt and 1.78% in Cash related instruments
AUM size ₹393 Cr
This fund has AUM of ₹393 Cr which is less than its category average of ₹ 3983 Cr
Expense Ratio 0.7%
This fund has an expense ratio of 0.7% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions for Edelweiss ELSS Tax saver Fund Direct Growth
The current NAV of Edelweiss ELSS Tax saver Fund Direct Growth is ₹125.61 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Edelweiss ELSS Tax saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -5.52% | -5.52% |
6 Month Returns | 7.82% | 7.82% |
1 Year Returns | 29.78% | 29.78% |
3 Years Returns | 54.42% | 15.58% |
5 Years Returns | 140.25% | 19.16% |
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0.7% as on October 2024
₹393 Cr as on October 2024
HDFC Bank Ltd(5.87%), ICICI Bank Ltd(5.37%), Reliance Industries Ltd(3.68%), Trent Ltd(3.13%), State Bank of India(3.11%) as on October 2024
Financial Services(32.52%), Industrial(14%), Tech(10.92%) as on October 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 | 5.5 | 2.01 | 0.91 |
As on October 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 | 0.93 | 0.94 |
As on October 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 | 2.29 | 0.84 | 0.81 |
As on October 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 | 12.51 | 13.17 | 18.38 |
As on October 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 1.49 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.48 as on October 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%