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Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth

Equity
ELSS
Very High Risk
3Y Lock Inlock
51.09%
1Y return
-0.10% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 28 Jul 2021₹72.40
Min. SIP Amount₹500
Rating3star
Fund Size₹178.51 Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become 0 (0.00%)

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns51.1%13.4%13.4%15.3%
Category average54.9%14.2%14.3%NA
Rank with in category221920NA
Understand termsinfo

Holdings (57)

NameSectorInstrumentAssets
Infosys Ltd.TechnologyEquity7.9%
ICICI Bank Ltd.FinancialEquity7.2%
HDFC Bank Ltd.FinancialEquity6.4%
Axis Bank Ltd.FinancialEquity4.8%
State Bank of India
FinancialEquity4.2%
Larsen & Toubro Ltd.ConstructionEquity3.6%
HCL Technologies Ltd.TechnologyEquity3.1%
Housing Development Finance Corpn. Ltd.FinancialEquity3.1%
Reliance Industries Ltd.EnergyEquity3.0%
Bharti Airtel Ltd.CommunicationEquity2.7%
See All

Pros and cons

Category: Equity ELSS

Pros

  • 3Y Returns are higher than the category average returns
  • 5Y Returns are higher than the category average returns
  • Exit load is zero

Cons

  • Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
  • 1Y Returns are lower than the category average returns

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

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
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Pratik Dharmshi
Apr 2019 - Present
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Fund house & investment objective

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Fund house contact details

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