Widely used:
Analyst’s Choice
Value Research Rating
Analyst’s Choice
Riskometer
Very High
₹125.0000 -0.79%
As on 13-Aug-2024
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
|---|---|---|---|---|---|---|
|
Edelweiss ELSS Tax Saver Fund - Direct Plan
|
|
|
Very High
|
Please wait... |
0.61 |
|
 |
|
Very High
|
Please wait... |
0.93 |
||
 |
|
Very High
|
Please wait... |
0.71 |
||
|
|
Very High
|
Please wait... |
1.09 |
||
|
|
Very High
|
Please wait... |
0.77 |
₹392 Cr
--
500
1
500
6
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.
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.
Capital Gains Taxation
Dividend Taxation
Edelweiss ELSS Tax Saver Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in equity stocks. It offers tax exemption under Section 80C of the Indian income tax laws. As per this section, investments of up to Rs 1.5 lakh in a financial year in eligible securities are exempt from tax.
Mutual funds can be bought directly from the website of the fund house. For instance, Edelweiss ELSS Tax Saver Fund - Direct Plan fund can be purchased from the website of Edelweiss Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Edelweiss ELSS Tax Saver Fund - Direct Plan is ₹125.0000 as of 14-Aug-2024.
The AUM of Edelweiss ELSS Tax Saver Fund - Direct Plan Fund is ₹392 Cr as of 31-Jul-2024
The riskometer level of Edelweiss ELSS Tax Saver Fund - Direct Plan is Very High. See More
| Company | Percentage of Portfolio |
|---|---|
|
5.47
|
|
|
5.06
|
|
|
4.17
|
|
|
3.41
|
|
|
3.32
|
As of 31-Jul-2024, Edelweiss ELSS Tax Saver Fund - Direct Plan had invested 97.98% in Equity and 2.02% in Debt See More
Edelweiss ELSS Tax Saver Fund - Direct Plan is 11 years 6 months old. It has delivered 16.39% returns since inception. See More
|
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
|---|---|---|---|---|---|
|
36.43%
|
18.62%
|
21.76%
|
16.05%
|
15.63%
|
16.39%
|
Yes, There is lock in period in Edelweiss ELSS Tax Saver Fund - Direct Plan.
The expense ratio of Edelweiss ELSS Tax Saver Fund - Direct Plan is 0.61.
Mutual Funds 
Edelweiss Edelweiss ELSS Tax Saver Fund - Direct Plan
