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Edelweiss Long Term Equity Direct Plan-Growth Option

Equity

  

ELSS Fund

NAV

37.29 -1.05

as on (01 Apr, 2020)

RETURNS

-4.08 %

Fund Type

Open Ended

Investment Plan

Growth

Expense Ratio

0.7 %

Benchmark

IISL Nifty 500 TR INR

Asset Size

121.13 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

The primary objective of the scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments.

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Fund manager

Harshad Patwardhan

(since 18 Sep, 2017)

Exit load

N / A

Minimum sip

₹ 500

minimum investment

₹ 500

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

HDFC Bank Ltd

9.27 %

ICICI Bank Ltd

6.04 %

Housing Development Finance Corp Ltd

5.1 %

Reliance Industries Ltd

4.17 %

Sector Allocation

About the Scheme Type

ELSS Fund

ELSS or Equity Linked Saving Schemes can help you with a two-fold benefit of saving your taxes and growing your money. ELSSare open-ended Equity Mutual Funds, investments in which qualify for tax exemptions under section 80C of the Income Tax Act of 1961. The scheme invests at least 80% of its total assets in equity and equity-linked instruments and comes with a mandatory lock-in period of 3 years. Returns from ELSS investments over and above 1 lac rupees are subject to LTCG (Long-Term Capital Gains) Tax at 10%.

Given that these funds are passively managed, it also reduces the expense ratio and other fees making them cost efficient.

Ratings

This fund is rated 3 stars by Morning Star Ratings.

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Overview of Edelweiss Asset Management Limited

Edelweiss Financial Services is one of India’s leading financial conglomerates, offering a robust platform, to a diversified client base across domestic and global geographies. Customer centricity is core to the Edelweiss Financial Services. Being present in every financial life stage of a customer, helping them create, grow and protect their wealth, are our key lines of business.

  • Credit (Retail, Corporate)
  • Investment & Advisory (Wealth Management, Asset Management and Capital Markets)
  • Insurance

Edelweiss Mutual Fund suite encompasses the entire risk return spectrum and are designed to offer the best opportunity for investment growth in Indian & global asset classes. We, at Edelweiss Mutual Fund, believe in providing simple True To Label products and solutions for investors. We also provide world class knowledge platforms for our partners and investors to keep them updated. Our endeavour is to provide the best digital experience to investors and partners through continuous innovation and cutting edge technology.

Edelweiss Financial Services group is an exciting place to work with young team and diverse experience. We strongly believe and value team work. We are present across the country in 11 locations with a robust team with rich experience across the Asset Management industry.