Edelweiss ELSS Tax saver Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Edelweiss ELSS Tax saver Fund Direct Growth

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

  1. Edelweiss ELSS Tax saver Fund Direct Growth has ₹380 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Edelweiss ELSS Tax saver Fund Direct Growth has given a CAGR return of 16.55% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 37.31%, 20.05% and 21.46% respectively.

Holdings

Edelweiss ELSS Tax saver Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Energy, Health, Basic Materials, Consumer Defensive, Communication, Utilities, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, State Bank of India, Trent 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 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

Fund Performance
zero opening, trading, fund transfer fee
140 people have invested ₹ 5L in Edelweiss ELSS Tax saver Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
11
/23
49% Performance
36% Risk Management
73% Cost
11 out of 23 among elss (tax savings)
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Beats FD returns for both 3Y & 5Y
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Poor track record of protecting capital in bear phase

Fund Overview

Expense ratio0.61%
Benchmark
S&P BSE 200 India TR INR
AUM₹380 Cr
Inception Date24 January, 2013
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
57.3%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 98.3%

  • Debt & Cash 1.7%

Large cap
66.1%
Mid cap
18.4%
Small cap
13.7%
Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
32.3%
Industrial
16.8%
Consumer Cyclical
12.6%
Tech
9.8%
Energy
5.8%
Health
5.7%
Basic Materials
5.3%
Consumer Defensive
5.2%
Communication
2.4%
Utilities
2.2%
Real Estate
1.9%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
HDFC Bank Ltd
HDFC Bank Ltd
5.88%
0%
ICICI Bank Ltd
ICICI Bank Ltd
5.15%
0%
Reliance Industries Ltd
Reliance Industries Ltd
4.47%
0%
State Bank of India
State Bank of India
3.33%
0%
Trent Ltd
Trent Ltd
3.3%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Edelweiss ELSS Tax saver Fund Direct Growth
Edelweiss ELSS Tax saver Fund Direct Growth
37.3%
20%
21.5%
16.5%
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth
57.3%
25.3%
26%
19.6%
ITI ELSS Tax Saver Fund Direct Growth
ITI ELSS Tax Saver Fund Direct Growth
56.5%
21.4%
-
23%
Quant ELSS Tax Saver Growth Option Direct Plan
Quant ELSS Tax Saver Growth Option Direct Plan
56%
27.1%
37%
23.7%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Samvardhana Motherson International Ltd
2.4%

Ashwani Agarwalla
Ashwani Agarwalla
Fund Manager of Edelweiss ELSS Tax saver Fund Direct Growth, since 1 August 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Edelweiss Flexi Cap Fund Direct Growth
22.65%
18.85%
Edelweiss ELSS Tax saver Direct Plan Growth Option
20.05%
19.51%

Mutual Fund Insights

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Over the last 6 months, this fund has experienced a 28.8% growth in AUM moving from 295.3 Cr to 380.49 Cr.
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In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 57.32% return, outperforming this fund by 20.01%.
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In the last 3 years, SBI Long Term Equity Fund Direct Growth has given 28.48% return, outperforming this fund by 8.44% per annum.
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In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 36.98% return, outperforming this fund by 15.52% per annum.
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This fund has one of the lowest expense ratio in the category (elss (tax savings)). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.27%.
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Over the last 1 month, this fund has decreased expense ratio by 11.6% moving from 0.69 to 0.61.

Edelweiss ELSS Tax saver 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 16.55% since inception which is less than its category average return of 16.63%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.28% in Equity, 0% in Debt and 1.72% in Cash related instruments
AUM size ₹380 Cr

AUM size ₹380 Cr

This fund has AUM of ₹380 Cr which is less than its category average of ₹ 3925 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% 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 ₹125.4 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Edelweiss ELSS Tax saver Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.05%
2.05%
6 Month Returns
20.06%
20.06%
1 Year Returns
37.31%
37.31%
3 Years Returns
73.01%
20.05%
5 Years Returns
164.39%
21.46%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.61% as on June 2024
₹380 Cr as on June 2024
HDFC Bank Ltd(5.88%), ICICI Bank Ltd(5.15%), Reliance Industries Ltd(4.47%), State Bank of India(3.33%), Trent Ltd(3.3%) as on June 2024
Financial Services(31.73%), Industrial(16.55%), Consumer Cyclical(12.39%) as on June 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
0.64
2.09
0.75
As on June 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
1.01
0.92
0.95
As on June 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
2.36
1.15
0.81
As on June 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
11.78
12.79
18.56
As on June 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 2.22 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.33 as on June 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%