3 Year return

19.49%
NAV on Sep 05 2024 131.72
1D Returns +0.06%
Launched on January 2013 (11 years)

Investment Details

₹500

Minimum SIP Amount

₹500

Minimum one time investment

Fund has 3 years period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹392.22 Cr.

Expense Ratio

0.7% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
1.5

Ratings by other agencies

3
2
3

Tax Implications

Withdrawal after 3 years:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

Edelweiss Mutual Fund Managers

AA

Ashwani Agarwalla

Fund Manager since Apr 2019

Fund House Details

Edelweiss Mutual Fund

Edelweiss Mutual Fund Asset management company

AUM ₹154,772.17 Cr.
No. of Schemes 157
Setup Date 2009

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

SBI Long Term Equity Fund

27.88%

5

Quant ELSS Tax Saver Fund

26.66%

3.5

Bank of India ELSS Tax Saver

21.49%

3

Schemes by Edelweiss Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Edelweiss Long Term Equity Fund (Tax Savings) Direct Plan Growth

The Edelweiss Long Term Equity Fund (Tax Savings) Direct Plan Growth is an open-ended equity linked saving scheme (ELSS) that aims to generate long-term capital appreciation by investing in a diversified portfolio of equity securities. The fund is managed by Edelweiss Mutual Fund, which is a well-established asset management company with a proven track record. The Edelweiss Long Term Equity Fund (Tax Savings) Direct Plan Growth is an open-ended fund. The expense ratio of the Edelweiss Long Term Equity Fund (Tax Savings) Direct Plan Growth is lower than the category average.

Investment Objectives of the Scheme

The investment objective of the Edelweiss Long Term Equity Fund (Tax Savings) Direct Plan Growth is to generate long-term capital appreciation by investing in a diversified portfolio of equity securities. The fund will invest at least 80% of its assets in equity securities, with a focus on large-cap, mid-cap, and small-cap stocks. The fund may also invest in other asset classes, such as debt securities and money market instruments, but these investments will be limited to 20% of the fund's assets.

Key Features of The Fund

5-year return 23.05%
Expense Ratio 0.7%
Fund Manager Ashwani Agarwalla
Fund Size ₹392.22 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Edelweiss Long Term Equity Fund (Tax Savings) Direct Plan Growth is suitable for investors who are looking to invest for the long term (at least 3 years) and are looking for a tax-efficient way to grow their wealth. The fund is also suitable for investors who are willing to accept the risk of volatility in the stock market in exchange for the potential for higher returns.

AMC Contact Details

Name Edelweiss Mutual Fund
Launch Date 2009
Addresss Edelweiss House, Off. C.S.T Road, Kalina, Mumbai - 400 098
Contact 1800 425 0090
Email EMFHelp@edelweissmf.com
Website https://www.edelweissmf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Leverage Expert Management for Your Investments with SIPs

Mutual funds are managed by experienced professionals who research and select investments based on the fund's objective. SIPs allow you to tap into this expertise without needing to actively manage your portfolio yourself. Use the SIP return calculator to calculate the potential growth of your mutual fund investment.

FAQs

What is today's NAV of Edelweiss ELSS Tax Saver Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Edelweiss ELSS Tax Saver Fund Sep 05 2024 is 131.72

What is the AUM of Edelweiss ELSS Tax Saver Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Edelweiss ELSS Tax Saver Fund is 392.22 crore.

What is the expense ratio of Edelweiss ELSS Tax Saver Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Edelweiss ELSS Tax Saver Fund is 0.7%

What are the returns of Edelweiss ELSS Tax Saver Fund since inception?

The Edelweiss ELSS Tax Saver Fund was launched on Jan 01 2013. The fund has delivered a CAGR of 16.82 since inception.

What is the minimum SIP amount to invest in Edelweiss ELSS Tax Saver Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Edelweiss ELSS Tax Saver Fund is 500.

How do I invest in Edelweiss ELSS Tax Saver Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Edelweiss ELSS Tax Saver Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Edelweiss ELSS Tax Saver Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Edelweiss ELSS Tax Saver Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.
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