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Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth

Equity
ELSS
Very High Risk
3Y Lock In
13.93%
3Y annualised
+0.41% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 16 May 2022₹70.58
Min. SIP amount₹500
Rating3
Fund size₹211.02Cr

Returns and rankings

Category: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns8.8%13.9%9.3%13.5%
Category average54.9%14.2%14.3%NA
Rank with in category231723NA
Understand terms

Holdings (58)

NameSectorInstrumentAssets
Infosys Ltd.TechnologyEquity8.1%
ICICI Bank Ltd.FinancialEquity7.1%
HDFC Bank Ltd.FinancialEquity5.6%
Axis Bank Ltd.FinancialEquity4.7%
Reliance Industries Ltd.EnergyEquity4.4%
State Bank of IndiaFinancialEquity4.2%
Larsen & Toubro Ltd.ConstructionEquity3.5%
Greenpanel Industries Ltd.Consumer StaplesEquity3.1%
Bharti Airtel Ltd.CommunicationEquity2.9%
Housing Development Finance Corpn. Ltd.FinancialEquity2.6%
See All

Pros and cons

Category: Equity ELSS

Pros

3Y annualised returns higher than category average by 1.46%
Exit load is zero
Lower expense ratio: 0.68%

Cons

Lower AUM: 211Cr. Funds with lower AUM tend to have higher expense ratio
1Y and 5Y annualised returns lower than category average
Lock-in period: 3Y

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

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

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

Fund house & investment objective

Fund house contact details

Address
801- 802 & 803 - 8th Floor,Windsor Off C.S.T. Road,Kalina-Santacruz (E), Mumbai 400098
Phone
40933400 / 1800-425-0090
Launch Date
30 Apr 2008
Website
NA
Amc Image
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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FAQs

How to Invest in Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth?

You can easily invest in Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth provide?

The Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth has been there from 21 Jan 2013 and the average annual returns provided by this fund is 8.75% since its inception.

How much expense ratio is charged by Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth?

The term Expense Ratio used for Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth is 0.68% as of 17 May 2022...

What is the AUM of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth?

The AUM, short for Assets Under Management of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth is ₹211.02Cr as of 17 May 2022.

How to Redeem Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth?

If you want to sell your Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth?

You can select either SIP or Lumpsum investment of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth?

The NAV of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth is ₹70.58 as of 16 May 2022.

What is the PE and PB ratio of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth?

The PE ratio ratio of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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