Edelweiss Long Term Equity Direct Plan-Growth Option

About Edelweiss Long Term Equity Fund - Direct Plan - Growth

The Edelweiss Long Term Equity Fund invests in stocks of several companies depending on the market scenario. The asset allocation of this fund is mostly made towards growth-oriented companies and having an excellent track record. The fund manager and his team of researchers closely watch the mergers and acquisitions of companies and try to take advantage of the same. You can claim tax deductions of up to Rs 1,50,000 a year by investing in this fund.

Pros and Cons of Edelweiss Long Term Equity Fund - Direct Plan - Growth

Investing in Edelweiss Long Term Equity Fund is apt for investors having an investment horizon of at least five years as the fund picks up stocks that have growth potential. On the flip side, the fund can easily be influenced by market volatility and thus, making it not fit for short-term investment horizon.

Fund Information and Statistics

i) Inception/Launch Date Thee Edelweiss Long Term Equity Fund - Direct Plan - Growth was launched on 21 January 2013.

ii) Risk Level The Edelweiss fund house has classified Edelweiss Long Term Equity Fund - Direct Plan - Growth under the moderately high-risk category of funds.

iii) Redemption Since this is a tax-saver fund, your investments are necessarily locked-in for a period of three years. However, you will be compensated in the form of tax deductions of up to Rs 1.5 lakh a year.

iv) Fund Manager Mr harsh Kothari and Mr Pratik Dharmshi are the current fund managers of the Edelweiss Long Term Equity Fund - Direct Plan - Growth.

v) Entry/Exit Load Ther is no entry load as per the norms of the Securities and Exchange Board of India (SEBI). As your investment is essentially locked-in for three years, there is no exit load.

About Edelweiss Mutual Funds

Edelweiss Mutual Funds entered the mutual funds fore with the following mindest; long-term investment horizon, bottom-up stock picking, and growth coupled with quality. It registered with the Securities and Exchange Board of India (SEBI) on 23 August 2007 with Edelweiss Trusteeship Company Limited (ETCL) as the trustee and Edelweiss Financial Services as the sponsor. As of March 2020, the fund house had assets of worth Rs 12,414.68 crore under its management.