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2 star

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


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.57 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.07 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

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 26.92 -0.44 0.91 -3.65 -0.01 11.35 34.78 16.31 14.28 10.80 14.65
S&P BSE 500 TRI 30.36 -0.80 1.01 -2.82 0.68 11.49 37.96 19.12 17.93 12.93 15.53
Equity: ELSS 30.18 -0.65 0.89 -3.16 0.68 12.19 37.51 18.09 16.15 12.16 16.03
Rank within category 26 5 21 23 24 28 26 24 26 20 21
Number of funds in category 38 38 38 38 38 38 38 35 34 29 27

As on 03-Dec-2021

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 34.78 16.31 14.28 2.37% 200
Axis Long Term Equity Fund
4 star
Dec-09 33.43 20.49 19.35 1.58% 34,235
Mirae Asset Tax Saver Fund - Regular Plan  | Invest Online
5 star
Dec-15 40.94 23.05 21.88 1.70% 10,146
DSP Tax Saver Fund  | Invest Online
4 star
Jan-07 42.06 21.39 17.31 1.81% 9,805
IDFC Tax Advantage (ELSS) Fund - Regular Plan
4 star
Dec-08 52.37 20.88 19.49 1.94% 3,518

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) 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 85.76 23-Mar-2020 - 23-Mar-2021 -30.55 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 17.19 21.29 0.63 0.68 0.95 -1.85
S&P BSE 500 TRI 19.76 21.92 0.73 0.84 -- --
Equity: ELSS 18.76 21.47 0.70 0.75 0.95 -0.21
Rank within category 24 18 22 21 18 23
Number of funds in category 35 35 35 35 35 35

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

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 57
Top 10 Stocks (%) 46.38
Top 5 Stocks (%) 30.07
Top 3 Sectors (%) 58.61
Portfolio P/B Ratio 3.64
Portfolio P/E Ratio 25.61

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,11,895 1,36,970
Giant (%) 54.49 53.06
Large (%) 9.23 14.68
Mid (%) 21.44 25.08
Small (%) 14.83 7.34
Tiny (%) -- 0.21

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 23.44 8.57 4.13 8.17
equal Infosys Technology 34.93 8.48 3.34 7.42
equal HDFC Bank Financial 24.50 9.27 5.56 5.74
equal State Bank of India Financial 14.74 4.46 1.08 4.46
equal Axis Bank Financial 20.63 4.96 2.35 4.28
equal Larsen & Toubro Construction 28.92 4.99 2.29 3.74
equal HDFC Financial 24.08 5.31 2.70 3.30
equal Reliance Industries Energy 31.17 7.25 2.81 3.26
equal HCL Technologies Technology 27.55 3.64 0.00 3.21
equal Bharti Airtel Communication 139.49 4.78 0.00 2.80
equal Greenpanel Industries FMCG 25.97 2.18 0.00 2.18
equal Equitas Holdings Financial 11.07 2.24 0.00 2.10
equal Minda Industries Automobile 70.14 1.87 0.72 1.83
equal Ultratech Cement Construction 33.27 2.35 0.00 1.72
equal ITC FMCG 19.14 3.90 0.63 1.68
equal Ashok Leyland Automobile -- 1.64 0.00 1.64
equal Birlasoft Technology 32.62 1.50 0.00 1.47
equal Brigade Enterprises Construction -- 1.42 0.00 1.42
equal SBI Life Insurance Company Insurance 92.99 1.69 0.00 1.41
equal Crompton Greaves Consumer Electricals Consumer Durable 41.11 1.48 0.00 1.31
equal Emami FMCG 43.61 1.50 0.00 1.27
equal Sun Pharmaceutical Industries Healthcare 29.00 1.37 0.00 1.21
equal Indusind Bank Financial 18.79 1.36 0.00 1.17
up SRF Diversified 41.64 1.24 0.00 1.15
equal GMM Pfaudler Engineering 104.08 2.66 0.00 1.15

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-Oct-2021

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.


-0.44%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 69.6400

IDCW: ₹ 20.8200


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 (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 30-Dec-2008
Return Since Launch: 16.19%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 200 Cr (As on 31-Oct-2021)
Expense: 2.37% (As on 31-Oct-2021)
Risk Grade: Above Average
Return Grade: Average
Turnover: 42.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW27-Sep-20210.3000

 23-Jun-20210.3000
 23-Mar-20210.3000
 28-Dec-20200.3000
 23-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

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

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