VR Logo

2 star

Edelweiss Long Term Equity Fund (Tax Savings) - Regular Plan


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.02 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.55 Lakh

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.

Taxability of earnings:

Capital gains

  • 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.

Dividends

  • 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -7.98 2.00 -4.68 -4.66 8.26 29.35 -4.33 0.61 4.69 11.03 7.79
S&P BSE 500 TRI -8.20 -2.71 -6.51 -5.65 6.09 41.71 -4.17 2.16 7.81 11.71 7.38
Equity: ELSS -6.14 2.25 -4.13 -3.75 7.93 32.92 -1.43 1.43 6.66 13.06 8.38
Rank within category 21 33 31 27 14 27 23 20 24 24 16
Number of funds in category 38 38 38 38 38 38 37 34 30 29 27

As on 25-Sep-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Edelweiss Long Term Equity Fund (Tax Savings) - Regular Plan  | Invest Online
2 star
Dec-08 -4.33 0.61 4.69 2.38 125
Axis Long Term Equity Fund  | Invest Online
5 star
Dec-09 -3.39 5.24 8.12 1.72 21,905
Aditya Birla Sun Life Tax Relief 96  | Invest Online
4 star
Mar-96 2.59 3.03 8.11 1.89 11,001
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 -4.06 2.10 8.42 1.88 6,298
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 4.70 6.95 -- 1.90 4,181

Best & Worst Performance

Best (Period) Worst (Period)
Week 15.76 (13-May-2009 - 20-May-2009) -19.26 (16-Mar-2020 - 23-Mar-2020)
Month 28.34 (11-May-2009 - 10-Jun-2009) -36.81 (20-Feb-2020 - 23-Mar-2020)
Quarter 63.57 (09-Mar-2009 - 10-Jun-2009) -34.23 (23-Dec-2019 - 23-Mar-2020)
Year 80.27 (09-Mar-2009 - 11-Mar-2010) -30.55 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 3.75 21.17 -0.07 -0.07 0.95 -2.53
S&P BSE 500 TRI 6.34 21.82 0.05 0.06 -- --
Equity: ELSS 4.25 21.39 -0.04 -0.04 0.95 -2.02
Rank within category 19 17 20 20 19 19
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Aug-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 51
Top 10 Stocks (%) 46.97
Top 5 Stocks (%) 30.96
Top 3 Sectors (%) 48.25
Portfolio P/B Ratio 3.45
Portfolio P/E Ratio 28.08

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,31,046 96,921
Giant (%) 63.03 50.93
Large (%) 13.30 16.68
Mid (%) 19.77 24.21
Small (%) 3.90 8.37
Tiny (%) -- 0.16

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 20.16 10.15 6.34 7.25
equal Reliance Industries Energy 35.04 6.96 1.70 6.69
equal Infosys Technology 25.29 7.26 1.65 6.68
up ICICI Bank Financial 23.63 8.57 1.87 5.66
equal Hindustan Unilever FMCG 71.28 5.49 0.00 4.68
equal Bharti Airtel Communication -- 4.78 0.00 3.68
up HDFC Financial 13.51 7.11 1.98 3.56
equal Tata Consultancy Services Technology 29.12 5.49 1.44 3.27
up Axis Bank Financial 75.08 4.15 0.00 3.00
equal Kotak Mahindra Bank Financial 29.05 5.17 0.00 2.50
equal Dixon Technologies Engineering 103.34 2.44 0.00 2.44
equal Larsen & Toubro Construction 14.90 4.99 2.37 2.37
equal Bajaj Finance Financial 37.59 3.10 0.77 2.35
up Divi's Laboratories Healthcare 50.92 1.99 0.00 1.99
equal Asian Paints Chemicals 81.38 2.30 0.00 1.96
up Dr. Reddy's Lab Healthcare 43.74 1.88 0.00 1.88
down GMM Pfaudler Engineering 77.11 2.66 0.00 1.73
up State Bank of India Financial 7.53 4.06 0.00 1.66
up ITC FMCG 14.53 4.19 0.00 1.59
down Honeywell Automation Engineering 60.32 2.43 0.00 1.55
down Torrent Power Energy 11.76 2.31 0.00 1.48
equal PI Industries Chemicals 57.94 1.50 0.00 1.47
equal Maruti Suzuki India Automobile 48.66 4.46 0.00 1.47
equal Ipca Laboratories Healthcare 28.44 1.51 0.00 1.46
equal Ultratech Cement Construction 20.89 2.35 0.00 1.41

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2020

Fund Manager

— Harsh kothari since 30-Apr-2019

Education: Mr. Kothari has done BMS Finance & MBA Finance

Experience: Prior to joining Edelweiss AMC, he was associated with JP Morgan AMC & Morgan Stanley Fund Services.

— Pratik Dharmshi since 30-Apr-2019

Education: Mr. Dharmshi has done B. Com & CA

Experience: Prior to joining Edelweiss AMC, he was associated with JP Morgan India Pvt. Ltd., CRISIL Ltd. & Morgan Stanley Advantage Services Pvt. Ltd.


2.00%

Change from previous, NAV as on 25-Sep-2020

Growth: ₹ 44.4200

Dividend: ₹ 14.1500


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.

Investment Details

Minimum Investment (₹) 500
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 30-Dec-2008
Return Since Launch: 13.54%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 125 Cr (As on 31-Aug-2020)
Expense: 2.38% (As on 31-Aug-2020)
Risk Grade: Above Average
Return Grade: Below Average
Turnover: 49.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-Sep-20200.3000

 24-Dec-20190.2656
 23-Sep-20190.2656
 24-Jun-20190.2656
 25-Mar-20190.2214
 24-Sep-20180.4870
 22-Mar-20181.2000
 22-Sep-20170.6500
 19-Jan-20170.5000
 04-Mar-20160.5000
 28-Jan-20161.0000
 29-Dec-20150.5000
 27-Mar-20150.5000
 10-Mar-20150.5000
 27-Jan-20150.5000
 18-Feb-20140.5000
 22-Feb-20130.5000
 24-Jan-20131.5000
 22-Mar-20121.0000
 25-Feb-20112.0000
 21-Jan-20112.0000
 24-Dec-20102.0000

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: http://www.edelweissmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Last Session

VR Helpline

What to do with your multi-cap funds

dateSaturday, 26-Sep-2020
time12:30 PM - 01:00 PM

Registration Over