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3 star

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


Equity: ELSS

1 Lakh

Investment Grown to
₹ 1.75 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.47 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.

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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 3.50 -1.20 0.32 6.59 0.71 13.12 33.83 20.56 16.75 12.70 --
S&P BSE 500 TRI 5.26 0.32 1.83 7.61 0.14 15.17 33.45 21.39 18.41 13.86 --
Equity: ELSS 3.70 -1.22 0.37 6.08 -0.89 13.25 35.13 21.59 17.72 13.72 --
Rank within category 24 19 22 13 4 25 23 20 20 18 --
Number of funds in category 37 37 37 37 37 37 37 34 33 28 1

As on 18-Jan-2022

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 33.83 20.56 16.75 0.68% 204
Axis Long Term Equity Fund - Direct Plan
4 star
Jan-13 29.77 23.23 20.53 0.76% 33,785
Mirae Asset Tax Saver Fund - Direct Plan  | Invest Online
5 star
Dec-15 37.59 26.96 23.55 0.41% 10,660
DSP Tax Saver Fund - Direct Plan  | Invest Online
4 star
Jan-13 37.99 24.48 18.66 0.87% 9,636
IDFC Tax Advantage (ELSS) Fund - Direct Plan
4 star
Jan-13 51.76 25.82 21.22 0.70% 3,533

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 9.27 29-Jan-2021 - 05-Feb-2021 -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 88.93 23-Mar-2020 - 23-Mar-2021 -29.32 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 20.30 21.36 0.78 0.82 0.96 0.75
S&P BSE 500 TRI 20.28 21.92 0.75 0.85 -- --
Equity: ELSS 20.43 21.50 0.78 0.83 0.95 0.94
Rank within category 18 19 18 17 18 18
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 31-Dec-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 57
Top 10 Stocks (%) 45.74
Top 5 Stocks (%) 28.90
Top 3 Sectors (%) 56.08
Portfolio P/B Ratio 3.71
Portfolio P/E Ratio 26.26

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,13,582 1,38,142
Giant (%) 54.96 54.34
Large (%) 8.07 14.65
Mid (%) 22.50 24.51
Small (%) 14.47 6.65
Tiny (%) -- 0.25

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 Infosys Technology 36.53 8.48 3.34 8.26
equal ICICI Bank Financial 26.45 8.57 4.13 7.41
equal HDFC Bank Financial 23.35 9.19 5.27 5.27
equal State Bank of India Financial 16.07 4.46 1.08 4.02
equal Larsen & Toubro Construction 32.41 4.99 2.29 3.94
equal Axis Bank Financial 22.37 4.96 2.35 3.84
equal HCL Technologies Technology 29.56 3.64 0.00 3.64
equal Reliance Industries Energy 32.63 7.25 2.81 3.60
equal HDFC Financial 22.77 5.31 2.70 2.95
equal Minda Industries Automobile 92.45 2.81 0.72 2.81
equal Bharti Airtel Communication 136.71 4.78 0.00 2.75
equal Greenpanel Industries FMCG 31.71 2.33 0.00 2.33
equal Birlasoft Technology 34.83 1.93 0.00 1.93
equal Equitas Holdings Financial 10.80 2.24 0.00 1.76
equal Ultratech Cement Construction 33.01 2.35 0.00 1.68
equal ITC FMCG 19.03 3.76 0.63 1.61
equal Brigade Enterprises Construction -- 1.58 0.00 1.47
equal Max Healthcare Institute Healthcare 82.52 1.47 0.00 1.47
equal SBI Life Insurance Company Insurance 101.08 1.69 0.00 1.45
equal SRF Diversified 51.10 1.29 0.00 1.29
equal Sun Pharmaceutical Industries Healthcare 32.26 1.37 0.00 1.26
equal Dixon Technologies Engineering 167.39 2.59 0.00 1.24
equal Emami FMCG 38.60 1.50 0.00 1.22
equal Crompton Greaves Consumer Electricals Consumer Durable 41.90 1.48 0.00 1.21
equal Century Plyboards (India) FMCG 50.93 1.62 0.00 1.18

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-Dec-2021

Fund Manager

— Trideep Bhattacharya since 24-Dec-2021

Education: Mr. Bhattacharya is a B.Tech (Electrical Engineer), MBA (Finance)

Experience: Prior to joining Edelweiss Asset Management Limited he has worked with Axis Mutual Fund, State Street Global Advisors, UBS Global Asset Management and Kotak Securities.

Funds Managed:

— 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.

Funds Managed:


-1.20%

Change from previous, NAV as on 18-Jan-2022

Growth: ₹ 82.5200

IDCW: ₹ 29.8700


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

Min. Investment (₹) 500
Min. Addl Investment (₹) 500
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) --
Lock-in Period 3 Years
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 21-Jan-2013
Return Since Launch: 16.07%
Benchmark: NIFTY 500 TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 204 Cr (As on 31-Dec-2021)
Expense: 0.68% (As on 31-Dec-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 35.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW28-Dec-20210.3000

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