Edelweiss ELSS Tax Saver Fund - Regular Plan

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Value Research Rating

2 star

Analyst’s Choice

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Riskometer

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Very High

₹98.5600 0.52%

As on 21-May-2024

Returns

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Calculate SIP Returns of Edelweiss ELSS Tax Saver Fund - Regular Plan

Upfront Investment

Monthly SIP Amount

Investment Duration

years

Risk info

This fund has Very High risk.

low
Low to Moderate
Moderate
Moderately High
High
Very High

As per SEBI's Riskometer.

Portfolio of Edelweiss ELSS Tax Saver Fund - Regular Plan

Asset Allocation

Split between different types of investments

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Market Cap Weightage

Split between categories of Equity investments

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Peer Comparison

Other details of Edelweiss ELSS Tax Saver Fund - Regular Plan

Assets info

₹343 Cr

Exit Load (Days) info

--

Min. Investment (₹)

500

Min. Withdrawal (₹)

1

Min. SIP Investment (₹)

500

Min. No of Cheques

6

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.

Suitability

"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. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other ELSS, if you need to redeem your investment in less than five years.

Capital Gains Taxation

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividend Taxation

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

FAQ for Edelweiss ELSS Tax Saver Fund - Regular Plan

Edelweiss ELSS Tax Saver Fund - Regular Plan is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.

Mutual funds can be bought directly from the website of the fund house. For instance, Edelweiss ELSS Tax Saver Fund - Regular Plan fund can be purchased from the website of Edelweiss Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.

The NAV of Edelweiss ELSS Tax Saver Fund - Regular Plan is ₹98.5600 as of 22-May-2024.

The AUM of Edelweiss ELSS Tax Saver Fund - Regular Plan Fund is ₹343 Cr as of 30-Apr-2024

The riskometer level of Edelweiss ELSS Tax Saver Fund - Regular Plan is Very High. See More

As of 30-Apr-2024, Edelweiss ELSS Tax Saver Fund - Regular Plan had invested 98.39% in Equity, 1.73% in Debt and -0.12% in Cash & Cash Eq. See More

Edelweiss ELSS Tax Saver Fund - Regular Plan is 15 years 4 months old. It has delivered 16.02% returns since inception. See More

1Y
3Y
5Y
7Y
10Y
Since Inception
34.05%
17.27%
16.11%
12.72%
13.90%
16.02%

Yes, There is lock in period in Edelweiss ELSS Tax Saver Fund - Regular Plan.

The expense ratio of Edelweiss ELSS Tax Saver Fund - Regular Plan is 2.34.

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