Edelweiss ELSS Tax saver Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 06-09-2024
₹ 129.95
1D
Inception Returns
16.7%
/yr
About the Fund
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 ₹392 Cr worth of assets under management (AUM) as on Jul 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 16.69% 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.
Holdings
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
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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162 people have invested ₹ 6.4L in Edelweiss ELSS Tax saver Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
12
/23
39% Performance
40% Risk Management
83% Cost
12 out of 23 among elss (tax savings)
Beats FD returns for both 3Y & 5Y
Poor track record of protecting capital in bear phase
Fund Overview
| 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 |
Trailing Returns
as on (06-Sep-24)
Fund Distribution
as on (31-Jul-24)
Large cap
66.4%
Mid cap
17.9%
Small cap
12.8%
Sector Allocation
Financial Services
31.7%
Industrial
15.3%
Consumer Cyclical
12.9%
Tech
11.4%
Health
6.4%
Energy
5.6%
Consumer Defensive
5.4%
Basic Materials
4.6%
Communication
2.4%
Utilities
2.3%
Real Estate
1.8%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 3.11% whereas the fund’s underlying benchmark Nifty 500 returns stands at 3.53% as on Jul'24
- This fund underperformed Nifty 500 by 0.43% in Jul'24
- AUM of the fund stands at 392.2 Cr as of Jul'24
- AUM increased by 11.7 Cr between Jul'24 and Jun'24
Top Stocks bought last month
Infosys Ltd's allocation increased from 2.39% to 3.03%
Bharat Heavy Electricals Ltd's allocation increased from 0.5% to 1.01%
Tech Mahindra Ltd's allocation increased from 0.91% to 1.21%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 5.88 % to 5.47 %
ICICI Bank Ltd's allocation decreased from 5.15 % to 5.06 %
Reliance Industries Ltd's allocation decreased from 4.47 % to 4.17 %
Mid Cap allocation has gone down from 18.4% to 17.3%
Cash allocation has gone up from 1.7% to 2%
Top 3 Sectors in July were Financial Services, Industrial & Consumer Cyclical
Jul'24
Financial Services
32%
Industrial
15%
Consumer Cyclical
13%
Jun'24
Financial Services
32%
Industrial
17%
Consumer Cyclical
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 5.47% | 0% | |
 ICICI Bank Ltd | 5.06% | 0% | |
 Reliance Industries Ltd | 4.17% | 0% | |
 Trent Ltd | 3.41% | 0% | |
 State Bank of India | 3.32% | 0% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Trent Ltd | 37.3% |
PB Fintech Ltd | 19.9% |
Bikaji Foods International Ltd | 19.8% |
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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
₹85.42K Cr
as on 31-Jul-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 1.27%.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 62.76% return, outperforming this fund by 23.77%.
Over the last 6 months, this fund has experienced a 29.9% growth in AUM moving from 301.99 Cr to 392.22 Cr.
In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 27.27% return, outperforming this fund by 8.48% per annum.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 38.15% return, outperforming this fund by 15.62% per annum.
Over the last 3 months, this fund has increased expense ratio by 11.1% moving from 0.63 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 16.69% since inception which is less than its category average return of 16.78%
Fund Allocations
This fund has an allocation of 98.01% in Equity, 0% in Debt and 1.99% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 4101 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
The current NAV of Edelweiss ELSS Tax saver Fund Direct Growth is ₹129.95 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
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% |
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0.7% as on August 2024
₹392 Cr as on August 2024
HDFC Bank Ltd(5.47%), ICICI Bank Ltd(5.06%), Reliance Industries Ltd(4.17%), Trent Ltd(3.41%), State Bank of India(3.32%) as on August 2024
Financial Services(31.09%), Industrial(15.02%), Consumer Cyclical(12.64%) as on August 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 | 2.25 | 1.52 | 0.8 |
As on August 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 | 0.97 | 0.93 | 0.95 |
As on August 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 | 2.73 | 1.06 | 0.95 |
As on August 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 | 11.06 | 12.58 | 18.18 |
As on August 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 1.99 as on August 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.23 as on August 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%