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

  • Regular
  • Direct
Category : ELSS
  • NAV
    : ₹ 50.19 0.5%
    (as on 25th June, 2019)
Crisil Rank
Average performance among peers
Risk-O-Meter
Moderately High

Fund has 94.27% investment in indian stocks of which 60.29% is in large cap stocks, 17.34% is in mid cap stocks, 16.64% in small cap stocks.

Suitable For : Investors who are looking to invest money for at least 3 years and looking for additional benefits of income tax saving apart from higher returns expectations. At the same time, these investors should also be ready for possibility of moderate losses in their investments and 3 year lock-in period.

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Returns (NAV as on 25th June, 2019)

Period Invested for ₹10000 Invested on Latest Value Absolute Returns Annualised Returns Category Avg Rank within Category
1 Week 18-Jun-19 10062.10 0.62% - 0.75% 46/64
1 Month 24-May-19 9926.80 -0.73% - -1.07% 33/64
3 Month 25-Mar-19 10402.10 4.02% - 2.60% 22/64
6 Month 24-Dec-18 10925.10 9.25% - 6.08% 17/63
YTD 01-Jan-19 10692.40 6.92% - -0.26% 24/64
1 Year 25-Jun-18 10436.70 4.37% 4.37% 2.18% 27/60
2 Year 23-Jun-17 11362.90 13.63% 6.58% 5.79% 22/51
3 Year 24-Jun-16 14162.00 41.62% 12.29% 12.93% 26/45
5 Year 25-Jun-14 17360.80 73.61% 11.66% 12.27% 23/33
Since Inception 24-Jan-13 23214.60 132.15% 14.02% 10.52% 25/56

SIP Returns (NAV as on 25th June, 2019)

Period Invested for ₹1000 SIP Started on Investments Latest Value Absolute Returns Annualised Returns
1 Year 25-Jun-18 12000 12686.88 5.72 % 10.78 %
2 Year 23-Jun-17 24000 25274.07 5.31 % 5.06 %
3 Year 24-Jun-16 36000 40635.98 12.88 % 8.03 %
5 Year 25-Jun-14 60000 75836.39 26.39 % 9.31 %
 

Tax Treatment

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh in a financial year. Any cess/surcharge is not included. However, you can claim a deduction on your taxable income under section 80c for your investments in this fund. (Current tax deductions are capped at 1.5 lakh per year).

Portfolio (Updated on 31st May,2019)

Portfolio Turnover Ratio : 96.00%  |   Category average turnover ratio is 103.93%  
Fund manager updated portfolio less frequently than peers in last 1 year. (I.e. fund manager held stocks/bonds in the portfolio for longer duration than peers)
Equity Holding : 94.27% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 94.27%
No of Stocks : 59 (Category Avg - 44.48) | Large Cap Investments : 60.29%| Mid Cap Investments : 17.34% | Small Cap Investments : 16.64% | Other : 0%

Top 10 Stocks in Portfolio

How to read this table?
Stock Invested in Sector Value(Cr) % of Total Holdings 1M Change 1Y Highest Holding 1Y Lowest Holding Quantity 1M Change in Qty
HDFC Bank Ltd. Banks 92.6 8.76% 0.02% 8.31% (Mar 2019) 8.31% (Mar 2019) 38.18 k 0.00
ICICI Bank Ltd. Banks 59.5 5.63% -0.02% 1.87% (Jun 2018) 1.87% (Jun 2018) 1.40 L 0.00
Housing Development Finance Corporation Ltd. Housing finance 46.2 4.37% 0.20% 1.98% (Sep 2018) 1.98% (Sep 2018) 21.14 k 0.00
Larsen & Toubro Ltd. Engineering, designing, construction 45.2 4.28% 1.32% 2.56% (Sep 2018) 2.56% (Sep 2018) 29.02 k 6.82 k
Axis Bank Ltd. Banks 43.9 4.15% 0.04% 1.77% (Sep 2018) 0% (Jun 2018) 54.31 k 0.00
Infosys Ltd. Computers - software 37.5 3.55% -0.22% 3.55% (May 2019) 3.55% (May 2019) 50.79 k 0.00
Reliance Industries Ltd. Refineries/marketing 36.7 3.47% -2.47% 2.5% (Oct 2018) 2.5% (Oct 2018) 27.57 k -0.16 L
ITC Limited Cigarettes 35.2 3.34% -0.42% 1.92% (Jun 2018) 1.92% (Jun 2018) 1.27 L 0.00
Kotak Mahindra Bank Ltd. Banks 29.7 2.81% 0.14% 1.39% (Sep 2018) 0% (Jun 2018) 19.50 k 0.00
Tata Consultancy Services Ltd. Computers - software 28.5 2.70% -0.19% 2.21% (Jan 2019) 2.21% (Jan 2019) 12.97 k 0.00
- indicates change in weight in the portfolio. # indicates a new entry.
Name Type of Instrument Weight (%)
CBLO CBLO 4.86%
Net Receivables Net Receivables 0.87%

Risk Ratios

Ratios calculated on daily returns for last 3 years (Updated as on 31st May, 2019)

  • Standard Deviation

    High volatility
    13.27vs9.47
    Category Avg
  • Beta

    High volatility
    0.97vs0.67
    Category Avg
  • Sharpe Ratio

    Better risk adjusted returns
    0.41vs0.34
    Category Avg
  • Treynor's Ratio

    Better risk adjusted returns
    0.06vs0.05
    Category Avg
  • Jension's Alpha

    Poor risk adjusted returns
    -1.42vs-0.27
    Category Avg

Alternative Funds (Category Peers)

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Kotak Tax Saver Scheme - Direct Plan - Growth 4 934.61 0.55 6.39 11.87 12.97 15.79
Mirae Asset Tax Saver Fund - Direct Plan - Growth 5 2111.58 0.79 5.10 10.47 12.82 21.25
Canara Robeco Equity Tax Saver - Direct Plan - Growth 5 982.77 -0.64 4.89 10.59 11.93 15.38
Tata India Tax Savings Fund - Direct Plan - Growth NA 1873.40 0.95 6.16 13.45 11.33 15.71
DSP Tax Saver Fund - Direct Plan - Growth 3 5642.77 -0.89 3.66 10.75 9.41 14.56
ICICI Prudential Long Term Equity Fund (Tax Saving) - Direct Plan - Growth 4 6424.90 -0.46 3.70 8.29 8.85 13.01
JM Tax Gain Fund - (Direct) - Growth 3 32.67 0.84 5.51 10.93 7.87 16.90
BNP Paribas Long Term Equity Fund - Direct Plan - Growth 2 476.90 0.84 6.11 10.20 7.48 11.17
LIC MF Tax Plan 1997 - Direct Plan - Growth 4 227.18 0.75 4.66 5.89 7.17 14.10
DHFL Pramerica Tax Plan - Direct Plan - Growth NA 34.69 0.29 5.24 11.13 7.08 14.63

More Funds from Edelweiss Mutual Fund

Out of 27 mutual fund schemes offered by this AMC, 1 is/are ranked 5 * , 3 is/are ranked 4 * , 7 is/are ranked 3 * , 1 is/are ranked 2 * , and 15 schemes are not ranked. See more about AMC

Scheme Name
Crisil Rank
Asset Size (Cr)
1M
3M
6M
1Y
3Y
Edelweiss Arbitrage Fund - Direct Plan - Growth 4 3482.22 0.70 2.02 3.57 7.17 6.94
Edelweiss Liquid Fund - Direct Plan - Growth 3 3292.80 0.59 1.87 3.68 7.60 7.06
Edelweiss Balanced Advantage Fund - Direct Plan - Growth NA 1443.76 -0.48 3.41 5.60 5.37 10.18
Edelweiss Mid Cap Fund - Direct Plan - Growth 3 918.11 -0.68 2.12 4.74 -3.55 12.14
Edelweiss Large and Mid Cap Fund - Direct Plan - Growth 3 431.93 0.59 4.56 9.35 5.70 13.47
Edelweiss Multi-Cap Fund - Direct Plan - Growth 4 357.54 -0.72 4.11 9.33 6.86 16.37
Edelweiss Maiden Opportunities Fund - Series I - Direct Plan - Growth NA 315.12 -2.16 5.14 4.41 -6.56 0.00
Edelweiss Small Cap Fund - Direct Plan - Growth NA 298.73 -2.99 1.84 0.00 0.00 0.00
Edelweiss Low Duration - Direct Plan - Growth 3 208.66 -11.38 -10.17 -8.28 -4.61 3.30
Edelweiss Large Cap Fund - Direct Plan - Growth 4 165.02 0.00 5.25 10.08 6.61 14.09

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