Edelweiss Long Term Equity Growth
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Min amount: ₹500
- Save up to Rs 46,800 in taxes every year.
- Highest returns compared to other 80C investments.
- Lowest lock-in of 3 years
|Tax Saving FD||PPF||ELSS|
|Average Annualised Returns i||6%||8%||12%|
|Tax rates i||30%||Not taxable||10%*|
|Returns after tax i||4.2%||8.00%||10.80%|
|Current rate of Inflation i||4%||4%||4%|
|Real Rate of Return i||0.2%||4.00%||6.80%|
|Lock-in Period i||5 years||15 years||3 years|
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||ELSS (Tax Savings)|
More about this fund
|Reliance Industries Ltd||7.25%|
|HDFC Bank Ltd||7.08%|
|ICICI Bank Ltd||5.14%|
|Hindustan Unilever Ltd||4.62%|
|Bharti Airtel Ltd||3.52%|
|Housing Development Finance Corp Ltd||3.42%|
|Axis Bank Ltd||2.59%|
|Tata Consultancy Services Ltd||2.51%|
|Dr Reddy's Laboratories Ltd||2.31%|
About Edelweiss Long Term Equity Fund
Edelweiss Long Term Equity Fund (Tax Savings) is an open ended equity linked saving scheme. It has a statutory lock in of 3 years and provides tax benefits Section 80C of the Income Tax Act up to Rs. 1.50 lakh. The fund’s investment objective is to provide capital growth and with an option of periodic payouts at the end of lock in periods by investing in equity, equity related instruments and fixed income securities.
Pros & Cons of Edelweiss Long Term Equity Fund
Edelweiss Long Term Equity Fund Growth offers 3 benefits:
- Save upto ?46,800 in taxes under section 80C of Income Tax Act, 1961 (by investing in ELSS funds)
- Shortest lock-in period allows the fund manager to take better decision and look through the interim volatility.
- Being a star-rated fund, it has been unable to beat its category and the benchmark in 1 year, 3 year and 5 year time horizon.
Fund Information and Statistics of Edelweiss Long Term Equity Fund
i) Inception / Launch date
Edelweiss Long Term Equity Fund was launched on 30 December 2008 by Edelweiss Mutual Fund.
ii) Risk level
Being a multi-cap fund, Edelweiss Long Term Equity Fund is a moderately high risk bet and suitable for investors who have a long-term investment horizon of more than 5 years.
Redemption of Units can be made only after the expiry of the lock-in period of three years from the date of allotment of units which the holder has proposed to redeem. It will be done by a repurchase/buyback by the fund house. Under normal circumstances, your fund house will dispatch the redemption proceeds within 10 business days from date of receipt of request.
iv) Fund Manager
Mr Harshad Patwardhan, who holds an experience of 23 years, has been managing the Edelweiss Long Term Equity Fund since September 2017.
v) Entry / Exit load
The fund house does not charge any entry load and exit load for investing in Edelweiss Long Term Equity Fund.
Tax benefits of investing in Edelweiss Long Term Equity Fund
Edelweiss Long Term Equity Fund has a lock-in period of three years which is the lowest amongst all other tax saving alternatives available in India. It helps you to claim a tax deduction of up to Rs. 1.5 lakhs under Section 80C from your Gross Total Income and enables saving taxes up to Rs. 46,800.
About Edelweiss Mutual Fund
After launching its first scheme, Edelweiss Mutual Fund has witnessed remarkable growth. It seeks to provide investment management services of high quality to investors across risk spectrum and endeavour to achieve their financial goals.
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Start your investment
Min amount: ₹500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns