Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 129.95
1D
Inception Returns
16.7%
/yr
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.
Edelweiss ELSS Tax saver Fund Direct Growth has given a CAGR return of 16.69% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 39.00%, 18.79% and 22.54% respectively.
Edelweiss ELSS Tax saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Health, Energy, Consumer Defensive, 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
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.
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 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
Expense ratio | 0.7% |
Benchmark | S&P BSE 200 India TR INR |
AUM | ₹392 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 |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Industrial & Consumer Cyclical
Edelweiss ELSS Tax saver Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.28% | 6.28% |
6 Month Returns | 18.24% | 18.24% |
1 Year Returns | 39% | 39% |
3 Years Returns | 67.63% | 18.79% |
5 Years Returns | 176.25% | 22.54% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Edelweiss ELSS Tax saver Fund Direct Growth | 2.25 | 1.52 | 0.8 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Edelweiss ELSS Tax saver Fund Direct Growth | 0.97 | 0.93 | 0.95 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Edelweiss ELSS Tax saver Fund Direct Growth | 2.73 | 1.06 | 0.95 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Edelweiss ELSS Tax saver Fund Direct Growth | 11.06 | 12.58 | 18.18 |