Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth

Equity

Direct

Elss (Tax Savings)

NAV as on 19-11-2024

₹ 13.03

▲0.6%

1D

Inception Returns

29.2%

/yr

About Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth is an equity fund. This fund was started on 8 November, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth has ₹135 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth has given a CAGR return of 29.22% since inception. Over the last 1 year the fund has given a CAGR return of 27.45%.

Holdings

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Basic Materials, Health, Consumer Defensive, Energy, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC Ltd

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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth

The investment objective of the scheme is to invest in stocks comprising the Nifty LargeMidcap 250 Index in the same proportion as in the index to achieve returns equivalent to the Total Return Index of Nifty LargeMidcap 250 Index (subject to tracking error), while offering deduction on such investment made in the scheme under Section 80C of the Income-tax Act, 1961.

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 Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth of 3 Years

Historical NAV & Returns

Annualised
▲
▼

zero opening, trading, fund transfer fee
3739 people have invested ₹ 1.5Cr in Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth in the last three months

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth Overview

Expense ratio0.27%
Benchmark
S&P BSE 200 India TR INR
AUM₹135 Cr
Inception Date8 November, 2023
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
27.2%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (19-Nov-24)

Period
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth
Nifty 500
elss (tax savings)
1M
-6.2%
-6.1%
-5.6%
3M
-4.9%
-5.5%
-3.5%
6M
5.2%
4.1%
6.5%
1Y
27.4%
25.2%
27.8%

Fund Distribution

as on (31-Oct-24)

  • Equity 100%

Large cap
49.9%
Mid cap
48.3%
Small cap
2%
Sector Allocation

Oct'24

Sep'24

Aug'24

Financial Services
26%
Industrial
13.6%
Consumer Cyclical
11.3%
Tech
10.5%
Basic Materials
9.5%
Health
7.6%
Consumer Defensive
6.4%
Energy
6.2%
Utilities
3.6%
Communication
3.3%
Real Estate
2%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-6.57%
2.07%
0.78%
Nifty 500
-6.52%
2.04%
0.97%
  • This fund’s returns stands at -6.57% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
  • This fund underperformed Nifty 500 by 0.05% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 133.7 Cr
₹ 133.7 Cr
₹ 123.4 Cr
  • AUM of the fund stands at 133.7 Cr as of Oct'24
  • AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 4.61% to 4.93%
HDFC Bank Ltd's allocation increased from 4.61% to 4.93%
ICICI Bank Ltd's allocation increased from 3.15% to 3.41%
ICICI Bank Ltd's allocation increased from 3.15% to 3.41%
BSE Ltd's allocation increased from 0.71% to 0.92%
BSE Ltd's allocation increased from 0.71% to 0.92%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 3.51 % to 3.38 %
Reliance Industries Ltd's allocation decreased from 3.51 % to 3.38 %
Infosys Ltd's allocation decreased from 2.37 % to 2.37 %
Infosys Ltd's allocation decreased from 2.37 % to 2.37 %
Tata Consultancy Services Ltd's allocation decreased from 1.53 % to 1.52 %
Tata Consultancy Services Ltd's allocation decreased from 1.53 % to 1.52 %
Large Cap allocation has gone down from 50.1% to 49.9%
Large Cap allocation has gone down from 50.1% to 49.9%
Small Cap allocation has gone up from 2% to 2%
Small Cap allocation has gone up from 2% to 2%
Mid Cap allocation has gone up from 48.3% to 48.3%
Mid Cap allocation has gone up from 48.3% to 48.3%
Cash allocation has gone up from -0.4% to -0.2%
Cash allocation has gone up from -0.4% to -0.2%

Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical

Oct'24
Financial Services
26%
Industrial
14%
Consumer Cyclical
11%
Sep'24
Financial Services
25%
Industrial
14%
Consumer Cyclical
12%

  • Equity

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
4.93%
8.1%
ICICI Bank Ltd
ICICI Bank Ltd
3.41%
8.1%
Reliance Industries Ltd
Reliance Industries Ltd
3.38%
8.1%
Infosys Ltd
Infosys Ltd
2.37%
8.1%
ITC Ltd
ITC Ltd
1.7%
8.1%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth
27.45%
-
-
29.22%
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
51.38%
24.69%
24.23%
19.67%
SBI Long Term Equity Fund Direct Growth
SBI Long Term Equity Fund Direct Growth
40.78%
23.05%
24.75%
17.34%
DSP ELSS Tax Saver Fund Direct Plan Growth
DSP ELSS Tax Saver Fund Direct Plan Growth
37.07%
18.5%
22.23%
18.72%
See all

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Coforge Ltd
Coforge Ltd
18.9%
BSE Ltd
BSE Ltd
9.1%
Max Healthcare Institute Ltd
Max Healthcare Institute Ltd
4.9%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
252
252
252
Top 5 Company Concentration
15.8%
15.3%
15.4%
Company having highest exposure
HDFC Bank Ltd (4.9%)
HDFC Bank Ltd (4.6%)
HDFC Bank Ltd (4.4%)
No of Sectors
11
11
11
Top 5 Sectors Concentration
70.8%
70.3%
69.5%
Sector having highest exposure
Financial Services (26%)
Financial Services (24.8%)
Financial Services (24.2%)
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Fund House
Zerodha Asset Management Private Limited
Total Schemes
3
See all Zerodha schemes
Total AUM
₹760.63 Cr
as on 31-Oct-2024
Address
India
Phone
9560323309
Website
support@zerodhafundhouse.com

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 29.22% since inception which is more than its category average return of 15.59%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.18% in Equity, 0% in Debt and -0.18% in Cash related instruments
AUM size ₹135 Cr

AUM size ₹135 Cr

This fund has AUM of ₹135 Cr which is less than its category average of ₹ 3983 Cr
Expense Ratio 0.27%

Expense Ratio 0.27%

This fund has an expense ratio of 0.27% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions for Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth

The current NAV of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth is ₹13.03 as on 19-Nov-2024.
Existing (Absolute + CAGR) as on 19-Nov-2024.
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-6.2%
-6.2%
6 Month Returns
5.22%
5.22%
1 Year Returns
27.45%
27.45%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.27% as on October 2024
₹135 Cr as on October 2024
HDFC Bank Ltd(4.93%), ICICI Bank Ltd(3.41%), Reliance Industries Ltd(3.38%), Infosys Ltd(2.37%), ITC Ltd(1.7%) as on October 2024
Financial Services(26.01%), Industrial(13.63%), Consumer Cyclical(11.27%) as on October 2024
The alpha ratio for the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth
-
-
-
As on October 2024
The alpha for Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index 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 Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth
-
-
-
As on October 2024
The Beta for Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index 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 Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth
-
-
-
As on October 2024
The sharpe ratio for Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index 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 Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth
-
-
-
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.
The Exit load of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth is 0%