Edelweiss ELSS Tax saver Direct Plan Growth Option

Edelweiss ELSS Tax saver Direct Plan Growth Option

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Equity
Direct
Elss (Tax Savings)
NAV: ₹ 109.05 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
157 people have invested ₹ 5.8L in Edelweiss ELSS Tax saver Direct Plan Growth Option in the last three months

Mutual Fund Insights

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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.64% which is lower than the category average expense ratio of 1.3%.
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In the last 1 year, Quant ELSS Tax Saver Growth Option Direct Plan has given 60.17% return, outperforming this fund by 23.79%.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.14% return, outperforming this fund by 16.25% per annum.
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Over the last 3 months, this fund has experienced a 18.5% growth in AUM moving from 254.75 Cr to 301.99 Cr.
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In the last 3 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 35.44% return, outperforming this fund by 16.58% per annum.
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Over the last 3 months, this fund has decreased expense ratio by 7.2% moving from 0.69 to 0.64.

INDmoney Rank of Edelweiss ELSS Tax saver Direct Plan Growth Option

Powered by IND quant engine
11
/23
53% Performance
43% Risk Management
88% Cost
11 out of 23 among elss (tax savings)

Pros

Beats FD returns for both 3Y & 5Y

Cons

No bad points found for this fund.

About the Edelweiss ELSS Tax saver Direct Plan Growth Option

Edelweiss ELSS Tax saver Direct Plan Growth Option 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

  1. Edelweiss ELSS Tax saver Direct Plan Growth Option has ₹302 Cr worth of assets under management (AUM) as on Jan 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Edelweiss ELSS Tax saver Direct Plan Growth Option Overview

Expense ratio
Expense ratio
0.64%
Benchmark
Benchmark
S&P BSE 200 India TR INR
AUM
AUM
₹302 Cr
Inception Date
Inception Date
24 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹500/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
3 Years
TurnOver
TurnOver
57.3%

Edelweiss ELSS Tax saver Direct Plan Growth Option Distribution as on (31-Jan-24)

  • Equity 97.2%

  • Debt & Cash 2.8%

Size breakup

Large cap
71%
Mid cap
16.6%
Small cap
9.6%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
33.7%
Industrial
15.2%
Tech
11.4%
Consumer Cyclical
9.6%
Health
7%
Consumer Defensive
6.2%
Basic Materials
5.6%
Energy
5.3%
Communication
2.4%
Real Estate
2.2%
Utilities
1.4%

Top Holdings of Edelweiss ELSS Tax saver Direct Plan Growth Option as on (31-Jan-24)

  • Equity

Equity Holdings78

Edelweiss ELSS Tax saver Direct Plan Growth Option: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
1.54%
7.81%
7.00%
Nifty 500
1.71%
7.25%
7.50%
  • This fund’s returns stands at 1.54% whereas the fund’s underlying benchmark Nifty 500 returns stands at 1.71% as on Jan'24
  • This fund underperformed Nifty 500 by 0.17% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 302 Cr
₹ 295.3 Cr
₹ 273.5 Cr
  • AUM of the fund stands at 302 Cr as of Jan'24
  • AUM increased by 6.7 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in Edelweiss ELSS Tax saver Direct Plan Growth Option portfolio Returns for the month of Jan

Edelweiss ELSS Tax saver Direct Plan Growth Option Fund Manager

Ashwani Agarwalla
Ashwani Agarwalla
Fund Manager of Edelweiss ELSS Tax saver Direct Plan Growth Option, since 1 August 2023

Edelweiss ELSS Tax saver Direct Plan Growth Option 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 15.72% since inception which is less than its category average return of 15.87%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.22% in Equity, 0% in Debt and 2.78% in Cash related instruments
AUM size ₹302 Cr

AUM size ₹302 Cr

This fund has AUM of ₹302 Cr which is less than its category average of ₹ 3382 Cr
Expense Ratio 0.64%

Expense Ratio 0.64%

This fund has an expense ratio of 0.64% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions

The current NAV of Edelweiss ELSS Tax saver Direct Plan Growth Option is ₹109.05 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
Edelweiss ELSS Tax saver Direct Plan Growth Option
Absolute Returns
CAGR Returns
1 Month Returns
5.2%
5.2%
6 Month Returns
18.28%
18.28%
1 Year Returns
36.38%
36.38%
3 Years Returns
67.92%
18.86%
5 Years Returns
137.58%
18.89%
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0.64% as on January 2024
₹302 Cr as on January 2024
HDFC Bank Ltd(6.44%), ICICI Bank Ltd(5.97%), Larsen & Toubro Ltd(5.91%), Reliance Industries Ltd(5.13%), Axis Bank Ltd(3.3%) as on January 2024
Financial Services(32.79%), Industrial(14.81%), Tech(11.1%) as on January 2024
The alpha ratio for the Edelweiss ELSS Tax saver Direct Plan Growth Option for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss ELSS Tax saver Direct Plan Growth Option
2.13
0.7
0.25
As on January 2024
The alpha for Edelweiss ELSS Tax saver Direct Plan Growth Option 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 Direct Plan Growth Option for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss ELSS Tax saver Direct Plan Growth Option
0.89
0.92
0.95
As on January 2024
The Beta for Edelweiss ELSS Tax saver Direct Plan Growth Option 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 Direct Plan Growth Option for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Edelweiss ELSS Tax saver Direct Plan Growth Option
2.07
1.15
0.72
As on January 2024
The sharpe ratio for Edelweiss ELSS Tax saver Direct Plan Growth Option 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 Direct Plan Growth Option for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Edelweiss ELSS Tax saver Direct Plan Growth Option
11.12
13.15
18.63
As on January 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 2.29 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ashwani Agarwalla is the fund manager of Edelweiss ELSS Tax saver Direct Plan Growth Option
The Exit load of Edelweiss ELSS Tax saver Direct Plan Growth Option is 0%