Home>Mutual Funds>Edelweiss Mutual Fund>Edelweiss Long Term Equity Fund (Tax Savings) Direct IDCW

Edelweiss Long Term Equity Fund (Tax Savings) Direct IDCW

Equity
ELSS
Very High Risk
Payout
3Y Lock Inlock
22.26%
3Y annualised
-0.62% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 22 Oct 2021₹29.20
Min. SIP amount₹500
Rating3star
Fund size₹197.80 Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns54.9%22.3%14.5%16.1%
Category average54.9%14.2%14.3%NA
Rank with in category262124NA
Understand termsinfo

Holdings (57)

NameSectorInstrumentAssets
TechnologyEquity7.6%
FinancialEquity7.2%
FinancialEquity5.9%
FinancialEquity4.5%
State Bank of India
FinancialEquity4.1%
ConstructionEquity3.6%
TechnologyEquity3.6%
EnergyEquity3.3%
FinancialEquity3.2%
CommunicationEquity2.9%
See All

Pros and cons

info
Category: Equity ELSS
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Pros

3Y and 5Y annualised returns higher than category average
Exit load is zero
Lower expense ratio: 0.68%
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Cons

Lower AUM: 197Cr. Funds with lower AUM tend to have higher expense ratio
Lock-in period: 3Y
1Y annualised returns lower than category average by 0.08%

Expense ratio, exit load and tax

Expense ratio: 0.68%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Upto Rs. 1.5 lac will be tax free under 80C. Lockin of 3 years. Returns will be taxed at 10%.

Understand termsinfo
Check past data

Minimum investment amounts

Min. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Harshad Patwardhan
Sep 2017 - Present
View details
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Pratik Dharmshi
Apr 2019 - Present
View details
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Fund house & investment objective

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Fund house contact details

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