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


1 Lakh

Investment Grown to
₹ 1.26 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.00 Lakh

Analyst's Choice?

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. In addition, you get tax exemption on the invested amount under Section 80C of the Indian income tax laws. As per this section, total investments of upto 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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 2.76 -1.51 -0.78 -0.32 4.60 14.84 14.60 7.98 6.64 13.01 11.71
S&P BSE 500 TRI -1.15 -2.01 -1.35 -3.30 0.86 11.31 10.62 9.51 7.81 12.61 10.65
Equity: ELSS 0.91 -1.70 -0.81 -1.73 2.67 13.57 13.41 8.55 7.50 13.87 11.83
Rank within category 6 8 16 7 12 14 16 20 22 19 15
Number of funds in category 38 38 38 38 38 37 36 34 30 28 27

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 15.76 (13-May-2009 - 20-May-2009) -8.96 (03-Jul-2009 - 10-Jul-2009)
Month 28.34 (11-May-2009 - 10-Jun-2009) -13.08 (10-Jun-2009 - 10-Jul-2009)
Quarter 63.57 (09-Mar-2009 - 10-Jun-2009) -20.37 (10-Nov-2010 - 09-Feb-2011)
Year 80.27 (09-Mar-2009 - 11-Mar-2010) -20.13 (31-Dec-2010 - 02-Jan-2012)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 9.85 12.73 0.33 0.48 0.95 -1.73
S&P BSE 500 TRI 11.88 12.82 0.48 0.72 -- --
Equity: ELSS 10.46 13.00 0.37 0.53 0.95 -1.09
Rank within category 21 16 22 22 20 22
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-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 56
Top 10 Stocks (%) 43.10
Top 5 Stocks (%) 27.14
Top 3 Sectors (%) 53.77
Portfolio P/B Ratio 3.55
Portfolio P/E Ratio 28.19

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 97,265 90,653
Giant (%) 59.69 50.67
Large (%) 6.28 15.11
Mid (%) 23.20 25.96
Small (%) 10.83 8.61
Tiny (%) -- 0.26

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 36.13 8.57 0.00 8.13
down HDFC Bank Financial 25.23 10.15 2.41 6.54
down Reliance Industries Energy 21.12 6.96 1.70 4.93
equal State Bank of India Financial 24.53 4.06 0.00 3.77
equal Axis Bank Financial 42.77 4.15 0.00 3.77
equal HDFC Financial 18.18 7.11 1.98 3.64
equal Infosys Technology 20.72 5.94 0.88 3.61
equal Larsen & Toubro Construction 18.10 4.99 1.47 3.34
equal Bajaj Finance Financial 53.00 2.96 0.00 2.93
equal Bharti Airtel Communication -- 3.01 0.00 2.44
down Tata Consultancy Services Technology 24.50 5.49 0.90 2.37
equal Honeywell Automation Engineering 65.24 2.35 0.00 2.10
equal Kotak Mahindra Bank Financial 36.78 5.17 0.00 2.04
equal Asian Paints Chemicals 64.22 2.12 0.00 1.98
new Torrent Power Energy 10.12 1.98 0.00 1.98
equal ITC FMCG 16.65 4.19 0.00 1.83
down Ultratech Cement Construction 35.94 2.35 0.00 1.71
equal SBI Life Insurance Company Financial 67.92 1.69 0.00 1.62
equal GMM Pfaudler Engineering 65.84 1.55 0.00 1.55
equal JK Cement Construction 24.42 1.54 0.00 1.54
equal Hindustan Unilever FMCG 70.51 3.14 0.00 1.52
equal Apollo Hospitals Healthcare 77.96 1.95 0.00 1.46
equal Maruti Suzuki India Automobile 31.60 4.46 0.00 1.45
equal Trent Services 267.42 1.44 0.00 1.44
equal Indian Hotels Services 41.51 1.59 0.00 1.26

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-Jan-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.


-1.51%

Change from previous, NAV as on 24-Feb-2020

Growth: ₹ 49.6000

Dividend: ₹ 16.1400


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: 15.43%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 116 Cr (As on 31-Jan-2020)
Expense: 2.39% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 65.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend24-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: 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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dateFriday, 28-Feb-2020
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