March 6, 2024
mayank
Edelweiss ELSS Tax Saver Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 109.7800
NAV IDCW: Rs 37.1200
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 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 Manager:
1) Ashwani Kumar Agarwalla
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.
2) Trideep Bhattacharya
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.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | 3 Years |
| Exit Load | 0 |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 21-Jan-13 |
| Return Since Launch | 15.74% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 302 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.64% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 35.00% |
Trailing Returns (%) of Edelweiss ELSS Tax Saver Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss ELSS Tax Saver Dir | 5.10 | -0.15 | 3.71 | 9.90 | 17.59 | 36.43 | 18.50 | 18.49 | 15.28 | 16.28 |
| S&P BSE 500 TRI | 5.07 | -0.22 | 2.86 | 9.84 | 18.31 | 38.59 | 18.84 | 18.76 | 16.38 | 16.74 |
| Equity: ELSS | 5.49 | -0.26 | 2.99 | 9.73 | 18.71 | 39.40 | 19.90 | 19.46 | 16.59 | 18.06 |
| Rank within category | 23 | 13 | 10 | 19 | 22 | 22 | 17 | 19 | 19 | 20 |
| Number of funds in category | 39 | 39 | 39 | 39 | 38 | 36 | 33 | 31 | 29 | 25 |
Peer Comparison of Edelweiss ELSS Tax Saver Fund
| 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 (%) | |
| Edelweiss ELSS Tax Saver Dir | 3 star | 36.43 | 18.50 | 18.49 | 0.64 | 302 | 15.74 | — | 11Y 1M | 35.00 |
| Mirae Asset ELSS Tax Saver Dir | 4 star | 36.05 | 18.42 | 21.37 | 0.59 | 20,950 | 20.55 | — | 8Y 2M | 93.00 |
| SBI Long Term Equity Dir | 5 star | 59.61 | 27.26 | 22.87 | 0.98 | 20,085 | 17.24 | — | 11Y 2M | 14.00 |
| DSP ELSS Tax Saver Dir | 4 star | 41.80 | 21.49 | 21.59 | 0.68 | 13,846 | 18.37 | — | 11Y 2M | 37.00 |
| HDFC ELSS Tax Saver Dir | 4 star | 45.59 | 26.09 | 19.31 | 1.14 | 13,441 | 15.64 | — | 11Y 2M | 29.85 |
Portfolio Analysis of Edelweiss ELSS Tax Saver Fund
| No. of Stocks | 78 |
| Top 10 Stocks | 40.26% |
| Top 5 Stocks | 26.75% |
| Top 3 Sectors | 50.83% |
| Portfolio P/B Ratio | 3.71 |
| Portfolio P/E Ratio | 25.46 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,96,403 | 1,59,260 |
| Giant (%) | 58.89 | 51.80 |
| Large (%) | 19.78 | 19.78 |
| Mid (%) | 17.75 | 23.69 |
| Small (%) | 3.58 | 6.57 |
| Tiny (%) | — | 0.28 |
How to Invest in Edelweiss ELSS Tax Saver Fund?
Chanakya’s Mutual Fund Guidance For Edelweiss ELSS Tax Saver 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://invest.edelweissmf.com/home?distributoruuid=b9111455-759f-4eb8-bc2a-13927f656230
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