Investment type
Edelweiss ELSS Tax Saver Fund - Direct (G) is a mutual fund under the Tax Saving Funds category, managed by Edelweiss Mutual Fund. It was launched on 23 Aug 2007, and has been active for over 18 years. As of 31 Mar 2025 the fund manages assets worth ₹412 Crores. The expense ratio is 0.7%.
This fund generated returns of 4.15% in the last 1 year. Since its inception, it has provided an average annual return of 15.67%.
The fund's investments are mainly concentrated in sectors like Banks, IT-Software, Finance, Pharmaceuticals & Biotech and Petroleum Products.
The top five holdings in this fund include prominent companies such as HDFC Bank, ICICI Bank, Reliance Industr, Bharti Airtel and Larsen & Toubro.
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.
ELSS funds carry moderate to high risk due to their equity exposure, though they also offer tax benefits.
Yes, if you want tax savings and are willing to invest in equities with a three-year lock-in period.
The minimum is three years, but staying invested longer can help maximize returns.
No, ELSS funds have a mandatory lock-in period of three years.
Expense ratios for ELSS funds can vary from 1% to 2%, which is typical for actively managed funds.
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