Edelweiss ELSS Tax Saver Fund Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
18.69%
3Y annualised
+0.55% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 27 Nov 2024₹128.50
Min. SIP amount₹500
Rating3
Fund size₹412.96Cr

Return calculator

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

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns35.0%18.7%20.0%16.2%
Category average31.0%17.4%19.6%NA
Rank with in category141820NA
Understand terms

Peer Comparison

Holdings (96)

NameSectorInstrumentAssets
FinancialEquity5.87%
FinancialEquity5.37%
EnergyEquity3.68%
ServicesEquity3.13%
FinancialEquity3.11%
ConstructionEquity3.08%
TechnologyEquity2.84%
CommunicationEquity2.52%
HealthcareEquity2.36%
ServicesEquity2.10%
FinancialEquity2.04%
EnergyEquity1.91%
Capital GoodsEquity1.89%
Consumer StaplesEquity1.88%
TechnologyEquity1.86%
ConstructionEquity1.76%
HealthcareEquity1.65%
Consumer StaplesEquity1.60%
Consumer StaplesEquity1.48%
AutomobileEquity1.35%
ServicesEquity1.32%
TechnologyEquity1.25%
FinancialEquity1.25%
AutomobileEquity1.24%
Metals & MiningEquity1.21%
ServicesEquity1.15%
FinancialEquity1.15%
TechnologyEquity1.05%
FinancialEquity0.95%
TechnologyEquity0.92%
FinancialEquity0.92%
EnergyEquity0.92%
Capital GoodsEquity0.91%
TechnologyEquity0.89%
AutomobileEquity0.88%
FinancialEquity0.88%
AutomobileEquity0.88%
FinancialEquity0.86%
HealthcareEquity0.82%
AutomobileEquity0.81%
Capital GoodsEquity0.81%
Consumer DiscretionaryEquity0.80%
Consumer DiscretionaryEquity0.78%
TechnologyEquity0.77%
Capital GoodsEquity0.76%
AutomobileEquity0.76%
EnergyEquity0.72%
Capital GoodsEquity0.70%
ConstructionEquity0.69%
FinancialEquity0.68%
InsuranceEquity0.67%
HealthcareEquity0.65%
TechnologyEquity0.62%
Consumer StaplesEquity0.60%
HealthcareEquity0.60%
ConstructionEquity0.59%
ConstructionEquity0.58%
FinancialEquity0.55%
AutomobileEquity0.53%
AutomobileEquity0.53%
ConstructionEquity0.50%
Capital GoodsEquity0.50%
ChemicalsEquity0.49%
InsuranceEquity0.49%
ChemicalsEquity0.48%
HealthcareEquity0.47%
ChemicalsEquity0.47%
HealthcareEquity0.47%
AutomobileEquity0.46%
FinancialEquity0.46%
Capital GoodsEquity0.45%
Capital GoodsEquity0.43%
FinancialEquity0.42%
Capital GoodsEquity0.42%
Capital GoodsEquity0.42%
Consumer DiscretionaryEquity0.41%
FinancialEquity0.41%
Capital GoodsEquity0.41%
FinancialEquity0.41%
FinancialEquity0.37%
Consumer StaplesEquity0.37%
Metals & MiningEquity0.36%
Capital GoodsEquity0.35%
ConstructionEquity0.33%
Capital GoodsEquity0.33%
FinancialEquity0.32%
FinancialEquity0.32%
HealthcareEquity0.32%
HealthcareEquity0.31%
Capital GoodsEquity0.30%
EnergyEquity0.23%
FinancialEquity0.21%
FinancialEquity0.14%
FinancialEquity0.10%
HealthcareEquity0.08%
Capital GoodsEquity0.07%
See All

Pros and cons

Category: Equity ELSS

Pros

Exit load is zero
Lower expense ratio: 0.7%
Consistently higher annualised returns than category average for the past 1Y, 3Y, 5Y and 10Y
Higher alpha: 2.08 The fund has generated returns higher than benchmark - NIFTY 500 Total Return Index - in the last 3Y

Cons

Lock-in period: 3Y

Expense ratio, exit load and tax

Expense ratio: 0.70%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.

Understand terms
Check past data

Minimum investment amounts

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

Fund management

Raj Koradia
Aug 2024 - Present
View details

Education
Mr. Koradia has done B.Com and CA
Experience
Prior to joining Edelweiss Mutual Fund, he has worked with First Voyager Advisors, Optimum Infosystem Private Limited, Morgan Stanley and Edelweiss Securities
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Edelweiss HouseOff C.S.T. Road,Kalina Mumbai 400098
Phone
+91 22 4093 3400
Launch Date
30 Apr 2008
E-mail
NA
Edelweiss Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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