Investment type
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund-Direct (G) is a mutual fund under the Tax Saving Funds category, managed by Zerodha Mutual Fund. It was launched on 20 Dec 2021, and has been active for over 4 years. As of 30 Jun 2025 the fund manages assets worth ₹215 Crores. The expense ratio is 0.28%.
This fund generated returns of 2.58% in the last 1 year. Since its inception, it has provided an average annual return of 22.02%.
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, Infosys and Bharti Airtel.
The investment objective of the scheme is to invest in stocks comprising the Nifty LargeMidcap 250 Index in the same proportion as in the index to achieve returns equivalent to the Total Return Index of Nifty LargeMidcap 250 Index (subject to tracking error), while offering deduction on such investment made in the scheme under Section 80C of the Income-tax Act, 1961. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
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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