Investment Objective and Approach

The Edelweiss ELSS Tax Saver Fund follows a diversified investment strategy, investing in a portfolio of stocks of growth-oriented companies with good track records based on overall industry and economic scenarios. The fund aims to generate long-term capital appreciation by investing in a diversified portfolio of equity securities.

The fund invests at least 80% of its assets in equity securities, with a focus on large-cap, mid-cap, and small-cap stocks. The scheme may also endeavor to take advantage of special situations such as mergers and demergers.

Key features of the fund's approach include:

- Tax Benefits: Eligible for tax deduction up to ₹1.5 lakh under Section 80C of the Income Tax Act

- Lock-in Period: Three-year mandatory lock-in period from date of investment

- Diversified Portfolio: Focus on growth-oriented companies across market capitalizations

- Long-term Wealth Creation: Designed to provide investors with an opportunity to grow wealth over the long run

Fund Managers

The fund is currently managed by Ashwani Kumar Agarwalla and Trideep Bhattacharya. Both fund managers bring extensive experience of 15 years in managing equity and related investments. They are focused on picking quality companies and holding them for long duration to generate good compounding returns in their funds.

Harshad Patwardhan is also mentioned as a Fund Manager of the Edelweiss ELSS Tax Saver Fund Direct Growth variant. Mr. Harshad Patwardhan has been at Edelweiss for over 15 years in equity research and investment management, bringing enthusiasm about people and markets coupled with a pragmatic approach to investments.

About the Fund House (AMC)

Edelweiss Asset Management is a proud member of the Edelweiss Group and is one of India's youngest and fastest growing asset management companies. Edelweiss Financial Services commenced its operations in 1996 and got the license to deal in mutual funds in 2008.

Key milestones and achievements:

Company Heritage: Edelweiss was founded in 1995 by Rashesh Shah and Venkat Ramaswamy. Edelweiss Mutual Fund was established on August 23, 2007 as a Trust, and in April 2008, Edelweiss Asset Management Limited got approval from SEBI to commence its mutual fund business.

Industry Leadership:

- Market leaders in debt passives, with nearly 50% market share

- First AMC to bring MSCI – world's leading index provider – to the Indian market

- First in India to launch a passive debt fund, the Bharat Bond ETF

Current Scale:

- Crossed the milestone of ₹1 lakh crore AUM with 27% growth in FY23, making it the fastest-growing AMC among the top 15 players

- As of May 2025, Edelweiss Mutual Fund manages assets worth approximately ₹1,65,728 crore across around 57 mutual fund schemes

- Expanded reach with branches in 45 locations across India serving approximately 25.91 lakh investor accounts

Philosophy: The company believes in listening to investors, understanding their needs and making solutions for them, while focusing on doing things that stand the test of time.

Should I Invest in Edelweiss ELSS Tax Saver Fund?

The Edelweiss ELSS Tax Saver Fund may be suitable for investors with the following profile:

Suitable For:

- Investors seeking tax benefits under Section 80C up to ₹1.5 lakh

- Those with a long-term investment horizon of 5+ years

- Investors comfortable with equity market volatility

- Those looking for diversified equity exposure across market capitalizations

Key Considerations:

- Performance Track Record: The fund has delivered a CAGR of 16.48% since inception (launched January 1, 2013)

- Recent Returns: Trailing returns show 30.22% (1 year), 16.76% (3 year), and 18.17% (5 year)

- Risk Profile: The fund is rated as Very High risk

- Lock-in Period: Mandatory 3-year lock-in period means liquidity is restricted

- Expense Ratio: The expense ratio is 0.7% for direct plans

Investment Minimums:

- Minimum SIP investment: ₹500

- Minimum lumpsum investment: ₹500

Before investing, consider your risk tolerance, investment timeline, and overall portfolio allocation. While ELSS funds can provide gains that beat inflation and fixed income options over 5+ years, be prepared for ups and downs in investment value along the way.

FAQs

What is today's NAV of Edelweiss ELSS Tax Saver Fund?

The NAV of Edelweiss ELSS Tax Saver Fund as of Dec 13, 2024 is ₹132.71. NAV changes daily based on market performance.

What is the AUM of Edelweiss ELSS Tax Saver Fund?

The AUM of Edelweiss ELSS Tax Saver Fund is ₹397.74 crore. AUM figures are typically updated monthly by fund houses.

What is the expense ratio of Edelweiss ELSS Tax Saver Fund?

The expense ratio of Edelweiss ELSS Tax Saver Fund is 0.7% for direct plans. This represents the annual charges for fund management.

What are the returns of Edelweiss ELSS Tax Saver Fund since inception?

The fund has delivered a CAGR of 16.48% since inception. The fund was launched on January 1, 2013.

What is the minimum SIP amount to invest in Edelweiss ELSS Tax Saver Fund?

The minimum SIP amount for Edelweiss ELSS Tax Saver Fund is ₹500. You can choose monthly, quarterly, or other SIP frequencies.

How do I invest in Edelweiss ELSS Tax Saver Fund?

You can invest through Allvest platform online, directly from Edelweiss Mutual Fund website, or through any registered mutual fund distributor. Complete your KYC and start investing with minimum ₹500.

How to start a SIP in Edelweiss ELSS Tax Saver Fund?

Register with Allvest, complete your KYC verification, select the Edelweiss ELSS Tax Saver Fund, choose SIP option, set amount and frequency, and set up auto-debit for seamless investments.

How do I automate an SIP in Edelweiss ELSS Tax Saver Fund?

Set up auto-debit mandate through Allvest platform by linking your bank account. This ensures automatic monthly deductions for your SIP without manual intervention.

How can I withdraw/redeem my investment in Edelweiss ELSS Tax Saver Fund?

Redemption is only possible after completing the mandatory 3-year lock-in period. Post lock-in, you can redeem through Allvest platform or the fund house website by placing a redemption request.