Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth

Equity
Direct
Elss (Tax Savings)
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth

About the Fund

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 ₹103 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth has given a CAGR return of 35.36% since inception.

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, Basic Materials, Tech, Health, Energy, Consumer Defensive, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, Larsen & Toubro 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

Fund Performance
zero opening, trading, fund transfer fee
3164 people have invested ₹ 1.4Cr in Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.25%
Benchmark
NIFTY LargeMidcap 250 TRI TR IDR
AUM₹103 Cr
Inception Date8 November, 2023
Min Lumpsum/SIP₹500/₹500
Exit Load0%
Lock In3 Years
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.8%

  • Debt & Cash 0.2%

Large cap
51.1%

Mid cap
46.1%

Small cap
2.6%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
25%
Industrial
14.8%
Consumer Cyclical
11.6%
Basic Materials
9.8%
Tech
9%
Health
7%
Energy
6.9%
Consumer Defensive
5.5%
Utilities
4.5%
Communication
3.4%
Real Estate
2.7%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

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 returns of 35.36% since inception (08nd Nov 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 99.8% in Equity, 0% in Debt and 0.2% in Cash related instruments
AUM size ₹103 Cr

AUM size ₹103 Cr

This fund has AUM of ₹103 Cr which is less than its category average of ₹ 3925 Cr
Expense Ratio 0.25%

Expense Ratio 0.25%

This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 1.47%

Frequently Asked Questions

The current NAV of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth is ₹13.54 as on 22-Jul-2024.
Existing (Absolute + CAGR) as on 22-Jul-2024.
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.67%
2.67%
6 Month Returns
18.2%
18.2%
1 Year Returns
0%
0%
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.
0.25% as on June 2024
₹103 Cr as on June 2024
HDFC Bank Ltd(4.79%), Reliance Industries Ltd(4%), ICICI Bank Ltd(3.19%), Infosys Ltd(2.14%), Larsen & Toubro Ltd(1.57%) as on June 2024
Financial Services(24.98%), Industrial(14.74%), Consumer Cyclical(11.57%) as on June 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 June 2024
The alpha for Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth is calculated against NIFTY LargeMidcap 250 TRI TR IDR. 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 June 2024
The Beta for Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth is calculated with NIFTY LargeMidcap 250 TRI TR IDR. 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 June 2024
The sharpe ratio for Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth is calculated with NIFTY LargeMidcap 250 TRI TR IDR. 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 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.
The Exit load of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund Direct Growth is 0%