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


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.04 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.48 Lakh

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 -10.50 0.89 2.67 6.94 14.74 -11.37 -5.46 1.35 4.54 11.40 --
S&P BSE 500 TRI -9.65 0.85 2.44 7.63 19.31 -10.29 -4.91 2.81 6.47 11.41 --
Equity: ELSS -9.63 0.71 2.05 6.50 15.81 -10.22 -4.74 1.72 6.00 13.17 --
Rank within category 21 10 3 15 26 21 20 19 22 22 --
Number of funds in category 38 38 38 38 38 38 36 34 30 28 1

As on 09-Jul-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) - Direct Plan  | Invest Online
3 star
Jan-13 -5.46 1.35 4.54 0.68 103
Axis Long Term Equity Fund - Direct Plan  | Invest Online
5 star
Jan-13 0.30 7.62 8.96 0.93 20,292
Aditya Birla Sun Life Tax Relief 96 - Direct Plan  | Invest Online
4 star
Jan-13 1.38 4.06 8.15 0.94 9,177
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 -2.65 3.82 8.58 0.94 5,359
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 0.72 7.27 -- 0.45 3,141

Best & Worst Performance

Best (Period) Worst (Period)
Week 8.77 (01-Apr-2020 - 09-Apr-2020) -19.22 (16-Mar-2020 - 23-Mar-2020)
Month 19.76 (23-Mar-2020 - 22-Apr-2020) -36.72 (20-Feb-2020 - 23-Mar-2020)
Quarter 29.37 (23-Mar-2020 - 22-Jun-2020) -33.93 (23-Dec-2019 - 23-Mar-2020)
Year 59.67 (03-Feb-2014 - 03-Feb-2015) -29.32 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 2.80 20.92 -0.12 -0.13 0.95 -1.53
S&P BSE 500 TRI 4.28 21.61 -0.05 -0.05 -- --
Equity: ELSS 3.36 21.18 -0.09 -0.10 0.95 -0.97
Rank within category 22 13 23 23 17 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 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 54
Top 10 Stocks (%) 44.73
Top 5 Stocks (%) 28.95
Top 3 Sectors (%) 43.88
Portfolio P/B Ratio 3.00
Portfolio P/E Ratio 22.69

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 94,997 81,886
Giant (%) 60.06 51.09
Large (%) 12.73 16.11
Mid (%) 15.32 24.48
Small (%) 11.90 8.30
Tiny (%) -- 0.22

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 HDFC Bank Financial 22.68 10.15 2.58 7.46
up Reliance Industries Energy 31.35 6.96 1.70 5.73
down ICICI Bank Financial 25.08 8.57 1.80 5.49
up Hindustan Unilever FMCG 75.69 5.49 0.00 5.49
up Bharti Airtel Communication -- 4.78 0.00 4.78
equal Infosys Technology 20.06 5.94 0.88 4.11
equal HDFC Financial 15.72 7.11 1.98 3.36
equal Larsen & Toubro Construction 13.89 4.99 1.63 2.83
equal Tata Consultancy Services Technology 25.58 5.49 0.90 2.82
equal GMM Pfaudler Engineering 85.14 2.66 0.00 2.66
equal Kotak Mahindra Bank Financial 31.51 5.17 0.00 2.63
equal Axis Bank Financial 69.10 4.15 0.00 2.42
equal Torrent Power Energy 13.52 2.31 0.00 2.29
equal Honeywell Automation Engineering 52.14 2.43 0.00 2.28
equal Asian Paints Chemicals 60.87 2.30 0.00 2.09
equal Aarti Industries Chemicals 30.88 2.09 0.00 1.79
equal Dixon Technologies Engineering 59.81 1.77 0.00 1.77
equal Ultratech Cement Construction 19.07 2.35 0.00 1.71
equal Bajaj Finance Financial 38.12 3.10 0.00 1.59
up Divi's Laboratories Healthcare 41.96 1.49 0.00 1.49
equal PI Industries Chemicals 52.29 1.50 0.00 1.49
equal Maruti Suzuki India Automobile 31.95 4.46 0.00 1.46
equal Britannia Inds. FMCG 63.05 2.07 0.00 1.42
equal Escorts Automobile 29.32 2.82 0.00 1.41
up Ipca Laboratories Healthcare 34.29 1.39 0.00 1.39

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-May-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.


0.89%

Change from previous, NAV as on 09-Jul-2020

Growth: ₹ 46.5400

Dividend: ₹ 18.1500


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: 21-Jan-2013
Return Since Launch: 10.82%
Benchmark: NIFTY 500 TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 103 Cr (As on 31-May-2020)
Expense: 0.68% (As on 31-May-2020)
Risk Grade: Average
Return Grade: Below Average
Turnover: 58.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend23-Mar-20200.1505

 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

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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