Edelweiss ELSS Tax saver Growth

Edelweiss ELSS Tax saver Growth is an equity fund. This fund was started on 30 December, 2008. The fund is managed by Ashwani Agarwalla. The fund could potentially beat inflation in the long-run.

1. Edelweiss ELSS Tax saver Growth has ₹431 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 2.3.
   

Edelweiss ELSS Tax saver Growth has given a CAGR return of 15.61% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 0.59%, 18.72% and 20.67% respectively.

Edelweiss ELSS Tax saver Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Industrial, Health, Energy, Consumer Defensive, Basic Materials, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Bharti Airtel Ltd, Larsen & Toubro Ltd

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 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

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 Growth of 3 Years