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 19.78% 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 0.69% as of 04 Oct 2023...

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 ₹256.30Cr as of 04 Oct 2023.

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.

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).

Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth - NAV, Mutual Fund Performance & Portfolio

Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth
Equity
ELSS
Very High Risk
3Y Lock In
23.05%
3Y annualised
-0.11% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 03 Oct 2023₹93.02
Min. SIP amount₹500
Rating3
Fund size₹256.30Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity ELSS
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns19.8%23.1%15.2%14.6%
Category average19.9%22.9%14.7%NA
Rank with in category212118NA
Understand terms
Holdings (61)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity8.8%
ICICI Bank Ltd.
FinancialEquity7.8%
Larsen & Toubro Ltd.
ConstructionEquity5.6%
Reliance Industries Ltd.
EnergyEquity5.1%
State Bank of India
FinancialEquity4.2%
Axis Bank Ltd.
FinancialEquity3.8%
Ultratech Cement Ltd.
ConstructionEquity3.0%
ITC Ltd.
Consumer StaplesEquity3.0%
Infosys Ltd.
TechnologyEquity2.7%
Tata Consultancy Services Ltd.
TechnologyEquity2.5%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Equity ELSS
Pros
Cons
Exit load is zero
1Y and 10Y annualised returns lower than category average
Lower expense ratio: 0.69%
Lock-in period: 3Y
3Y and 5Y annualised returns higher than category average
Higher alpha: 1.07
The fund has generated returns higher than benchmark - NIFTY 500 Total Return Index - in the last 3Y 
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
29 Sep 2023 - Present
0.69%
27 Sep 2023 - 29 Sep 2023
0.69%
26 Sep 2023 - 27 Sep 2023
0.69%
25 Sep 2023 - 26 Sep 2023
0.69%
22 Sep 2023 - 25 Sep 2023
0.69%
21 Sep 2023 - 22 Sep 2023
0.69%
20 Sep 2023 - 21 Sep 2023
0.69%
18 Sep 2023 - 20 Sep 2023
0.69%
15 Sep 2023 - 18 Sep 2023
0.69%
14 Sep 2023 - 15 Sep 2023
0.69%
13 Sep 2023 - 14 Sep 2023
0.69%
12 Sep 2023 - 13 Sep 2023
0.69%
11 Sep 2023 - 12 Sep 2023
0.69%
08 Sep 2023 - 11 Sep 2023
0.69%
07 Sep 2023 - 08 Sep 2023
0.69%
06 Sep 2023 - 07 Sep 2023
0.69%
05 Sep 2023 - 06 Sep 2023
0.69%
04 Sep 2023 - 05 Sep 2023
0.69%
01 Sep 2023 - 04 Sep 2023
0.69%
31 Aug 2023 - 01 Sep 2023
0.69%
31 Jul 2023 - 31 Aug 2023
0.69%
30 Jun 2023 - 31 Jul 2023
0.69%
31 May 2023 - 30 Jun 2023
0.69%
30 Apr 2023 - 31 May 2023
0.69%
31 Mar 2023 - 30 Apr 2023
0.69%
28 Feb 2023 - 31 Mar 2023
0.69%
31 Jan 2023 - 28 Feb 2023
0.69%
31 Dec 2022 - 31 Jan 2023
0.69%
31 Dec 2022 - 31 Dec 2022
0.69%
30 Nov 2022 - 31 Dec 2022
0.69%
30 Nov 2022 - 30 Nov 2022
0.69%
30 Nov 2022 - 30 Nov 2022
0.69%
31 Oct 2022 - 30 Nov 2022
0.69%
31 Oct 2022 - 31 Oct 2022
0.69%
31 Oct 2022 - 31 Oct 2022
0.69%
30 Sep 2022 - 31 Oct 2022
0.69%
30 Sep 2022 - 30 Sep 2022
0.69%
30 Sep 2022 - 30 Sep 2022
0.69%
31 Aug 2022 - 30 Sep 2022
0.69%
31 Aug 2022 - 31 Aug 2022
0.69%
31 Jul 2022 - 31 Aug 2022
0.69%
31 Jul 2022 - 31 Jul 2022
0.69%
30 Jun 2022 - 31 Jul 2022
0.69%
30 Jun 2022 - 30 Jun 2022
0.69%
31 May 2022 - 30 Jun 2022
0.69%
31 May 2022 - 31 May 2022
0.69%
30 Apr 2022 - 31 May 2022
0.69%
30 Apr 2022 - 30 Apr 2022
0.69%
31 Mar 2022 - 30 Apr 2022
0.68%
31 Mar 2022 - 31 Mar 2022
0.68%
28 Feb 2022 - 31 Mar 2022
0.68%
28 Feb 2022 - 28 Feb 2022
0.68%
31 Jan 2022 - 28 Feb 2022
0.68%
31 Dec 2021 - 31 Jan 2022
0.68%
30 Nov 2021 - 31 Dec 2021
0.68%
31 Oct 2021 - 30 Nov 2021
0.68%
30 Sep 2021 - 31 Oct 2021
0.68%
31 Aug 2021 - 30 Sep 2021
0.68%
31 Jul 2021 - 31 Aug 2021
0.68%
30 Jun 2021 - 31 Jul 2021
0.68%
31 May 2021 - 30 Jun 2021
0.68%
30 Apr 2021 - 31 May 2021
0.68%
31 Mar 2021 - 30 Apr 2021
0.69%
28 Feb 2021 - 31 Mar 2021
0.69%
31 Jan 2021 - 28 Feb 2021
0.69%
31 Dec 2020 - 31 Jan 2021
0.69%
30 Nov 2020 - 31 Dec 2020
0.69%
31 Oct 2020 - 30 Nov 2020
0.69%
30 Sep 2020 - 31 Oct 2020
0.69%
31 Aug 2020 - 30 Sep 2020
0.68%
31 Jul 2020 - 31 Aug 2020
0.68%
30 Jun 2020 - 31 Jul 2020
0.68%
31 May 2020 - 30 Jun 2020
0.68%
30 Apr 2020 - 31 May 2020
0.68%
31 Mar 2020 - 30 Apr 2020
0.70%
29 Feb 2020 - 31 Mar 2020
0.70%
31 Jan 2020 - 29 Feb 2020
0.68%
31 Dec 2019 - 31 Jan 2020
0.68%
30 Nov 2019 - 31 Dec 2019
0.68%
31 Oct 2019 - 30 Nov 2019
0.68%
30 Sep 2019 - 31 Oct 2019
0.68%
31 Aug 2019 - 30 Sep 2019
0.68%
31 Jul 2019 - 31 Aug 2019
0.68%
30 Jun 2019 - 31 Jul 2019
0.68%
31 May 2019 - 30 Jun 2019
0.68%
30 Apr 2019 - 31 May 2019
0.50%
31 Mar 2019 - 30 Apr 2019
0.60%
28 Feb 2019 - 31 Mar 2019
0.61%
31 Jan 2019 - 28 Feb 2019
0.59%
31 Dec 2018 - 31 Jan 2019
0.61%
30 Nov 2018 - 31 Dec 2018
0.85%
31 Oct 2018 - 30 Nov 2018
0.85%
30 Sep 2018 - 31 Oct 2018
1.09%
31 Aug 2018 - 30 Sep 2018
1.28%
31 Jul 2018 - 31 Aug 2018
1.28%
30 Jun 2018 - 31 Jul 2018
1.28%
31 May 2018 - 30 Jun 2018
1.09%
30 Apr 2018 - 31 May 2018
1.09%
31 Mar 2018 - 30 Apr 2018
1.09%
28 Feb 2018 - 31 Mar 2018
1.09%
31 Jan 2018 - 28 Feb 2018
1.09%
31 Dec 2017 - 31 Jan 2018
1.09%
30 Nov 2017 - 31 Dec 2017
1.67%
31 Oct 2017 - 30 Nov 2017
1.93%
Expense ratio, exit load and taxExpense ratio: 0.69%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹500
Min. for SIP₹500
Fund managementAshwani Kumar Agarwalla
Jun 2022 - Present
View details
Education
Mr. Agarwalla is a B. Com (H), MBA Finance & CFA
Experience
Prior to joining Edelweiss Mutual Fund, he has worked with Baroda AMC, JM Financial Mutual Fund, Pioneer Investcorp Ltd, Adventity India and CARE Ratings.
Also manages these schemes
Edelweiss Long Term Equity Fund (Tax Savings) Regular Growth
Edelweiss Long Term Equity Fund (Tax Savings) Regular IDCW
Edelweiss Long Term Equity Fund (Tax Savings) Direct IDCW
Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth
Edelweiss Flexi Cap Fund Direct Growth
Edelweiss Flexi Cap Fund Direct IDCW
Edelweiss Flexi Cap Fund Regular Growth
Edelweiss Flexi Cap Fund Regular IDCW
Baroda BNP Paribas Large & Mid Cap Fund Regular Growth
Baroda BNP Paribas Large & Mid Cap Fund Regular IDCW
Baroda BNP Paribas Large & Mid Cap Fund Direct Growth
Baroda BNP Paribas Large & Mid Cap Fund Direct IDCW
Baroda BNP Paribas Banking & PSU Bond Fund Regular Growth
Baroda BNP Paribas Banking & PSU Bond Fund Regular IDCW Monthly
Baroda BNP Paribas Banking & PSU Bond Fund Regular IDCW Quarterly
Baroda BNP Paribas Banking & PSU Bond Fund Direct Growth
Baroda BNP Paribas Banking & PSU Bond Fund Direct IDCW Monthly
Baroda BNP Paribas Banking & PSU Bond Fund Direct IDCW Quarterly
Trideep Bhattacharya
Dec 2021 - Present
View details
Education
Mr. Bhattacharya is a B.Tech (Electrical Engineer), MBA (Finance)
Experience
Prior to joining Edelweiss Asset Management Limited he has worked with Axis Mutual Fund, State Street Global Advisors, UBS Global Asset Management and Kotak Securities.
Also manages these schemes
Edelweiss Long Term Equity Fund (Tax Savings) Regular Growth
Edelweiss Long Term Equity Fund (Tax Savings) Regular IDCW
Edelweiss Long Term Equity Fund (Tax Savings) Direct IDCW
Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth
Edelweiss Large & Mid Cap Fund Regular Growth
Edelweiss Large & Mid Cap Fund Regular IDCW
Edelweiss Large & Mid Cap Direct Plan IDCW
Edelweiss Large & Mid Cap Direct Plan Growth
Edelweiss Mid Cap Fund Regular Growth
Edelweiss Mid Cap Fund Regular IDCW
Edelweiss Mid Cap Direct Plan IDCW
Edelweiss Mid Cap Direct Plan Growth
Edelweiss Flexi Cap Fund Direct Growth
Edelweiss Flexi Cap Fund Direct IDCW
Edelweiss Flexi Cap Fund Regular Growth
Edelweiss Flexi Cap Fund Regular IDCW
Edelweiss Small Cap Fund Regular Growth
Edelweiss Small Cap Fund Regular IDCW
Edelweiss Small Cap Fund Direct Growth
Edelweiss Small Cap Fund Direct IDCW
Edelweiss Focused Equity Fund Direct Growth
Edelweiss Focused Equity Fund Regular Growth
Edelweiss Focused Equity Fund Direct IDCW
Edelweiss Focused Equity Fund Regular IDCW
Fund house & investment objective
Edelweiss Mutual Fund
Rank (total assets)#15 in India
Total AUM₹1,12,193.69Cr
Date of Incorporation30 Apr 2008
 Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth is a Equity Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was made available to investors on 30 Apr 2008. Harshad Patwardhan is the Current Fund Manager of Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,12,194 Cr and the Latest NAV as of 03 Oct 2023 is ₹93.02.
The Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹500.
;
Investment ObjectiveThe scheme will, on the basis of overall industry and economic scenario, invest in a diversified portfolio of stocks of growth oriented companies with good track record. The scheme may endeavor to take advantage of special situations such as mergers and demerger.
;
Fund benchmarkNIFTY 500 Total Return Index
Scheme Information Document(SID)
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
Website
www.edelweissmf.com
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,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	19.8%	23.1%	15.2%	14.6%
Category average	19.9%	22.9%	14.7%	NA
Rank with in category	21	21	18	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	8.8%
ICICI Bank Ltd.	Financial	Equity	7.8%
Larsen & Toubro Ltd.	Construction	Equity	5.6%
Reliance Industries Ltd.	Energy	Equity	5.1%
State Bank of India	Financial	Equity	4.2%
Axis Bank Ltd.	Financial	Equity	3.8%
Ultratech Cement Ltd.	Construction	Equity	3.0%
ITC Ltd.	Consumer Staples	Equity	3.0%
Infosys Ltd.	Technology	Equity	2.7%
Tata Consultancy Services Ltd.	Technology	Equity	2.5%

Rank (total assets)	#15 in India
Total AUM	₹1,12,193.69Cr

Date of Incorporation	30 Apr 2008

Fund benchmark	NIFTY 500 Total Return Index

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Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹500

Rating	3
Fund size	₹256.30Cr

Edelweiss Long Term Equity Fund (Tax Savings) Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (61)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.69%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Ashwani Kumar AgarwallaJun 2022 - PresentView details

Trideep BhattacharyaDec 2021 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Ashwani Kumar Agarwalla
Jun 2022 - Present
View details

Trideep Bhattacharya
Dec 2021 - Present
View details