May 31, 2024
mayank
Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 12.3748
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. In addition, there is a tax benefit. Under Section 80C of the Indian income tax laws, investments of up to Rs 1.5 lakh in a financial year in eligible securities such as this fund are exempt from tax.
But be prepared for ups and downs in your investment value along the way. Also note that you cannot withdraw your money from this fund before completing three years from the date of investment.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme is to invest in stocks comprising the Nifty LargeMidcap 250 Index in the same proportion as in the index to achieve returns equivalent to the Total Return Index of Nifty LargeMidcap 250 Index (subject to tracking error).
Fund Manager:
1) Kedarnath Mirajkar
Education: Mr. Mirajkar has done PGDBM (Finance)
Experience: Prior to joining Zerodha Mutual Fund, he has worked with ABSL AMC, HDFC Bank as a Deupty Manager, Bombay Dyeing as a Finance Executive. He has over 10 years of experience in the Mutual Fund Industry.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 1 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Zerodha Mutual Fund |
| Launch Date | 08-Nov-23 |
| Return Since Launch | 23.75% |
| Benchmark | NIFTY Large Midcap 250 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 81 Cr |
| (As on 30-Apr-2024) | |
| Expense | 0.25% |
| (As on 30-Apr-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 10.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Dir | 9.92 | -1.05 | 1.00 | 6.02 | 18.34 | — | — | — | — | — |
| BSE 500 TRI | 8.62 | -1.00 | 0.49 | 4.84 | 17.35 | — | — | — | — | — |
| Equity: ELSS | 10.23 | -0.83 | 0.70 | 5.79 | 17.83 | — | — | — | — | — |
| Rank within category | 19 | 32 | 15 | 18 | 17 | — | — | — | — | — |
| Number of funds in category | 39 | 39 | 39 | 39 | 39 | 37 | 33 | 31 | 29 | 25 |
Peer Comparison
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Dir | Unrated | — | — | — | 0.25 | 81 | 23.75 | — | 6M | 10.00 |
| SBI Long Term Equity Dir | 5 star | 55.45 | 27.05 | 22.54 | 0.94 | 23,412 | 17.32 | — | 11Y 4M | 20.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 33.06 | 17.66 | 20.38 | 0.57 | 22,472 | 20.42 | — | 8Y 5M | 103.00 |
| DSP ELSS Tax Saver Dir | 4 star | 42.70 | 20.88 | 20.89 | 0.76 | 14,860 | 18.54 | — | 11Y 4M | 39.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 45.49 | 26.45 | 18.61 | 1.13 | 14,475 | 15.81 | — | 11Y 4M | 34.74 |
Portfolio Analysis of Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index
| No. of Stocks | 251 |
| Top 10 Stocks | 22.39% |
| Top 5 Stocks | 15.38% |
| Top 3 Sectors | 40.93% |
| Portfolio P/B Ratio | 4.12 |
| Portfolio P/E Ratio | 26.04 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,41,673 | 1,71,738 |
| Giant (%) | 39.71 | 52.48 |
| Large (%) | 25.77 | 19.51 |
| Mid (%) | 34.51 | 24.23 |
| Small (%) | — | 6.82 |
| Tiny (%) | — | 0.36 |
How to Invest in Zerodha ELSS Tax Saver Nifty Large Midcap 250?
Chanakya’s Mutual Fund Guidance For Zerodha ELSS Tax Saver Nifty Large Midcap 250 Index Fund
Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.
Apply Online: https://www.zerodhafundhouse.com/
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