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Edelweiss Long Term Equity Fund Direct Growth
EquityELSS (Tax Savings)Very High Risk
Direct
NAV (21-Nov-24)
₹123.32-0.35%1D
Returns (Since Inception)
15.86%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹393 Cr
Expense Ratio
0.70%
ISIN
INF754K01CA8
Minimum SIP
₹500
Exit Load
No Charges
Inception Date
24 Jan 2013
About this fund
Edelweiss Long Term Equity Fund Direct Growth is a ELSS (Tax Savings) mutual fund schemes offered by Edelweiss Mutual Fund. This fund has been in existence for 11 years, 9 months and 29 days, having been launched on 24-Jan-13.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹123.32, Assets Under Management (AUM) of 392.98 Crores, and an expense ratio of 0.7%.
As of 21-Nov-24, it has a Net Asset Value (NAV) of ₹123.32, Assets Under Management (AUM) of 392.98 Crores, and an expense ratio of 0.7%.
- Edelweiss Long Term Equity Fund Direct Growth has given a CAGR return of 15.86% since inception.
- The fund's asset allocation comprises around 98.22% in equities, 0.00% in debts, and 1.78% in cash & cash equivalents.
- You can start investing in Edelweiss Long Term Equity Fund Direct Growth with a SIP of ₹500 or a Lumpsum investment of ₹500.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
1 Year
+29.78%
+27.83% (Cat Avg.)
3 Years
+15.58%
+14.94% (Cat Avg.)
5 Years
+19.16%
+19.25% (Cat Avg.)
10 Years
+13.76%
+13.87% (Cat Avg.)
Since Inception
+15.86%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹385.99 Cr | 98.22% |
| Others | ₹6.99 Cr | 1.78% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| HDFC Bank Ltd | Equity | ₹23.06 Cr | 5.87% |
| ICICI Bank Ltd | Equity | ₹21.09 Cr | 5.37% |
| Reliance Industries Ltd | Equity | ₹14.47 Cr | 3.68% |
| Trent Ltd | Equity | ₹12.3 Cr | 3.13% |
| State Bank of India | Equity | ₹12.24 Cr | 3.11% |
| Larsen & Toubro Ltd | Equity | ₹12.11 Cr | 3.08% |
| Infosys Ltd | Equity | ₹11.18 Cr | 2.84% |
| Bharti Airtel Ltd | Equity | ₹9.91 Cr | 2.52% |
| Sun Pharmaceuticals Industries Ltd | Equity | ₹9.29 Cr | 2.36% |
| BSE Ltd | Equity | ₹8.25 Cr | 2.10% |
| Axis Bank Ltd | Equity | ₹8.03 Cr | 2.04% |
| NTPC Ltd | Equity | ₹7.5 Cr | 1.91% |
| Bharat Electronics Ltd | Equity | ₹7.41 Cr | 1.89% |
| ITC Ltd | Equity | ₹7.37 Cr | 1.88% |
| Tata Consultancy Services Ltd | Equity | ₹7.31 Cr | 1.86% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹7.08 Cr | 1.80% |
| UltraTech Cement Ltd | Equity | ₹6.91 Cr | 1.76% |
| Cipla Ltd | Equity | ₹6.47 Cr | 1.65% |
| Bikaji Foods International Ltd | Equity | ₹6.3 Cr | 1.60% |
| Hindustan Unilever Ltd | Equity | ₹5.82 Cr | 1.48% |
| Samvardhana Motherson International Ltd | Equity | ₹5.3 Cr | 1.35% |
| Multi Commodity Exchange of India Ltd | Equity | ₹5.18 Cr | 1.32% |
| Karur Vysya Bank Ltd | Equity | ₹4.93 Cr | 1.25% |
| Tech Mahindra Ltd | Equity | ₹4.92 Cr | 1.25% |
| Mahindra & Mahindra Ltd | Equity | ₹4.89 Cr | 1.25% |
| Hindalco Industries Ltd | Equity | ₹4.77 Cr | 1.21% |
| Shriram Finance Ltd | Equity | ₹4.53 Cr | 1.15% |
| PB Fintech Ltd | Equity | ₹4.5 Cr | 1.15% |
| Persistent Systems Ltd | Equity | ₹4.14 Cr | 1.05% |
| Cholamandalam Investment and Finance Co Ltd | Equity | ₹3.73 Cr | 0.95% |
| IndusInd Bank Ltd | Equity | ₹3.63 Cr | 0.92% |
| Coal India Ltd | Equity | ₹3.62 Cr | 0.92% |
| Coforge Ltd | Equity | ₹3.6 Cr | 0.92% |
| ABB India Ltd | Equity | ₹3.56 Cr | 0.91% |
| Mphasis Ltd | Equity | ₹3.48 Cr | 0.89% |
| Bank of Baroda | Equity | ₹3.48 Cr | 0.88% |
| Titagarh Rail Systems Ltd | Equity | ₹3.47 Cr | 0.88% |
| Maruti Suzuki India Ltd | Equity | ₹3.45 Cr | 0.88% |
| Indian Bank | Equity | ₹3.36 Cr | 0.86% |
| Concord Biotech Ltd | Equity | ₹3.21 Cr | 0.82% |
| UNO Minda Ltd | Equity | ₹3.19 Cr | 0.81% |
| Jyoti CNC Automation Ltd | Equity | ₹3.17 Cr | 0.81% |
| Voltas Ltd | Equity | ₹3.15 Cr | 0.80% |
| Titan Co Ltd | Equity | ₹3.08 Cr | 0.78% |
| Zensar Technologies Ltd | Equity | ₹3.03 Cr | 0.77% |
| Bharat Heavy Electricals Ltd | Equity | ₹3 Cr | 0.76% |
| TVS Motor Co Ltd | Equity | ₹3 Cr | 0.76% |
| Hindustan Petroleum Corp Ltd | Equity | ₹2.83 Cr | 0.72% |
| KEI Industries Ltd | Equity | ₹2.75 Cr | 0.70% |
| Brigade Enterprises Ltd | Equity | ₹2.72 Cr | 0.69% |
| India Shelter Finance Corporation Ltd | Equity | ₹2.68 Cr | 0.68% |
| SBI Life Insurance Co Ltd | Equity | ₹2.65 Cr | 0.67% |
| J.B. Chemicals & Pharmaceuticals Ltd | Equity | ₹2.57 Cr | 0.65% |
| HCL Technologies Ltd | Equity | ₹2.43 Cr | 0.62% |
| Dabur India Ltd | Equity | ₹2.37 Cr | 0.60% |
| Max Healthcare Institute Ltd Ordinary Shares | Equity | ₹2.36 Cr | 0.60% |
| Godrej Properties Ltd | Equity | ₹2.31 Cr | 0.59% |
| Power Mech Projects Ltd | Equity | ₹2.28 Cr | 0.58% |
| Bajaj Finance Ltd | Equity | ₹2.15 Cr | 0.55% |
| Bajaj Auto Ltd | Equity | ₹2.1 Cr | 0.53% |
| Tata Motors Ltd | Equity | ₹2.07 Cr | 0.53% |
| KEC International Ltd | Equity | ₹1.98 Cr | 0.50% |
| Kajaria Ceramics Ltd | Equity | ₹1.95 Cr | 0.50% |
| ICICI Lombard General Insurance Co Ltd | Equity | ₹1.93 Cr | 0.49% |
| Jubilant Ingrevia Ltd Ordinary Shares | Equity | ₹1.92 Cr | 0.49% |
| PI Industries Ltd | Equity | ₹1.89 Cr | 0.48% |
| Alembic Pharmaceuticals Ltd | Equity | ₹1.87 Cr | 0.47% |
| Astral Ltd | Equity | ₹1.85 Cr | 0.47% |
| Lupin Ltd | Equity | ₹1.85 Cr | 0.47% |
| Balkrishna Industries Ltd | Equity | ₹1.82 Cr | 0.46% |
| Power Finance Corp Ltd | Equity | ₹1.79 Cr | 0.46% |
| Siemens Ltd | Equity | ₹1.76 Cr | 0.45% |
| Havells India Ltd | Equity | ₹1.68 Cr | 0.43% |
| Home First Finance Co India Ltd --- | Equity | ₹1.66 Cr | 0.42% |
| CG Power & Industrial Solutions Ltd | Equity | ₹1.65 Cr | 0.42% |
| Cyient DLM Ltd | Equity | ₹1.64 Cr | 0.42% |
| P N Gadgil Jewellers Ltd | Equity | ₹1.62 Cr | 0.41% |
| The Federal Bank Ltd | Equity | ₹1.62 Cr | 0.41% |
| Kaynes Technology India Ltd | Equity | ₹1.6 Cr | 0.41% |
| Jio Financial Services Ltd | Equity | ₹1.6 Cr | 0.41% |
| Radico Khaitan Ltd | Equity | ₹1.46 Cr | 0.37% |
| CreditAccess Grameen Ltd Ordinary Shares | Equity | ₹1.45 Cr | 0.37% |
| APL Apollo Tubes Ltd | Equity | ₹1.41 Cr | 0.36% |
| Cummins India Ltd | Equity | ₹1.36 Cr | 0.35% |
| Phoenix Mills Ltd | Equity | ₹1.3 Cr | 0.33% |
| JSW Energy Ltd | Equity | ₹1.29 Cr | 0.33% |
| RBL Bank Ltd | Equity | ₹1.28 Cr | 0.32% |
| Ipca Laboratories Ltd | Equity | ₹1.27 Cr | 0.32% |
| Canara Bank | Equity | ₹1.24 Cr | 0.32% |
| Ajanta Pharma Ltd | Equity | ₹1.21 Cr | 0.31% |
| Dixon Technologies (India) Ltd | Equity | ₹1.17 Cr | 0.30% |
| Oil India Ltd | Equity | ₹0.91 Cr | 0.23% |
| Equitas Small Finance Bank Ltd Ordinary Shares | Equity | ₹0.81 Cr | 0.21% |
| Can Fin Homes Ltd | Equity | ₹0.54 Cr | 0.14% |
| Bajaj Housing Finance Ltd | Equity | ₹0.39 Cr | 0.10% |
| Akums Drugs and Pharmaceuticals Ltd | Equity | ₹0.31 Cr | 0.08% |
| Transformers & Rectifiers (India) Ltd | Equity | ₹0.26 Cr | 0.07% |
| Net Receivables/(Payables) | Cash - Repurchase Agreement | ₹-0.09 Cr | 0.02% |
| Accrued Interest | Cash - Collateral | ₹0 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
66.30%
Mid Cap Stocks
16.58%
Small Cap Stocks
14.75%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Financial Services | ₹127.81 Cr | 32.52% |
| Industrials | ₹55.01 Cr | 14.00% |
| Technology | ₹42.89 Cr | 10.91% |
| Consumer Cyclical | ₹42.83 Cr | 10.90% |
| Healthcare | ₹30.4 Cr | 7.73% |
| Consumer Defensive | ₹23.31 Cr | 5.93% |
| Energy | ₹21.83 Cr | 5.55% |
| Basic Materials | ₹16.9 Cr | 4.30% |
| Communication Services | ₹9.91 Cr | 2.52% |
| Utilities | ₹8.79 Cr | 2.24% |
| Real Estate | ₹6.33 Cr | 1.61% |
Risk & Performance Ratios
Standard Deviation
This fund
13.17%
Cat. avg.
13.29%
Lower the better
Sharpe Ratio
This fund
0.84
Cat. avg.
0.78
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
1.39
Higher the better
Fund Managers
Ashwani Agarwalla
Since August 2023
TB
Trideep Bhattacharya
Since August 2023
RK
Raj Koradia
Since August 2024
Additional Scheme Detailsas of 31st October 2024
ISIN INF754K01CA8 | Expense Ratio 0.70% | Exit Load No Charges | Fund Size ₹393 Cr | Age 11 years 9 months | Lumpsum Minimum ₹500 | Fund Status Open Ended Investment Company | Benchmark Nifty 500 TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
Dividend Taxation:
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar ELSS (Tax Savings) Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Tata India Tax Savings Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹4680.10 Cr | 27.8% |
| Tata India Tax Savings Fund Regular Growth Very High Risk | 1.8% | 0.0% | ₹4680.10 Cr | 26.4% |
| Axis Long Term Equity Fund Regular Growth Very High Risk | 1.5% | 0.0% | ₹36533.13 Cr | 23.7% |
| Parag Parikh Tax Saver Fund Direct Growth Very High Risk | 0.6% | 0.0% | ₹4273.94 Cr | 26.8% |
| Parag Parikh Tax Saver Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹4273.94 Cr | 25.4% |
| Shriram Long Term Equity Fund Direct Growth Very High Risk | 0.7% | 0.0% | ₹54.03 Cr | 22.8% |
| Shriram Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹54.03 Cr | 20.8% |
| ITI Long Term Equity Fund Direct Growth Very High Risk | 0.5% | 0.0% | ₹388.48 Cr | 31.4% |
| ITI Long Term Equity Fund Regular Growth Very High Risk | 2.3% | 0.0% | ₹388.48 Cr | 29.1% |
| Sundaram Diversified Equity Regular Growth Very High Risk | 2.2% | 0.0% | ₹1559.54 Cr | 17.6% |
About the AMC
Edelweiss Mutual Fund
Total AUM
₹1,63,219 Cr
Address
J.P.Morgan Tower, Mumbai, 400 098
Other Funds by Edelweiss Mutual Fund
Risk Level
Your principal amount will be at Very High Risk
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Still got questions?
We're here to help.
What is the current NAV of Edelweiss Long Term Equity Fund Direct Growth?
The NAV of Edelweiss Long Term Equity Fund Direct Growth, as of 21-Nov-2024, is ₹123.32.
What are the returns of Edelweiss Long Term Equity Fund Direct Growth?
The fund has generated 29.78% over the last 1 year and 15.58% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.
What is the portfolio composition of Edelweiss Long Term Equity Fund Direct Growth?
The fund's allocation of assets is distributed as 98.22% in equities, 0.00% in bonds, and 1.78% in cash and cash equivalents.
Who manages the Edelweiss Long Term Equity Fund Direct Growth?
The fund managers responsible for Edelweiss Long Term Equity Fund Direct Growth are:-
- Ashwani Agarwalla
- Trideep Bhattacharya
- Raj Koradia
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.