Edelweiss Tax Advantage Direct Plan Growth-1.60%

2Groww
-11.90%
1 Year Return
Equity
ELSS
2.0 star
6M
1Y
3Y
5Y
All

Fund Details

Edelweiss Tax Advantage Direct Plan Growth

RiskModerate
Min SIP Amount₹1000
Expense Ratio1.14%
NAV42.92 (08 Jul 2019)
Fund Started31 Dec 2012
Fund Size9 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Edelweiss Tax Advantage Direct Plan Growth
-11.9%
4.4%
7.7%
10.8%
Category Average
NA
NA
NA
-
Rank within category
NA
NA
NA
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with -11.9% annual returns

    Comparison

    Data not available
    Pros
    1. Risk is lower compared to the benchmark
    2. 5Y Returns are higher than the benchmark
    3. Exit load is zero
    Cons
    1. Asset under management(AUM) is less than 500 Crs. Watch expense ratio when AUM is very low
    2. 1Y Returns are lower than the benchmark
    3. 3Y Returns are lower than the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.Financial ServicesEquity10.0%
    Housing Development Finance Corporation Ltd.Financial ServicesEquity7.0%
    Reliance Industries Ltd.EnergyEquity6.8%
    ICICI Bank Ltd. Financial ServicesEquity6.0%
    CBLO(CCIL)Current AssetsMoney Market4.9%
    Infosys Ltd.ITEquity4.8%
    ITC Ltd.Consumer GoodsEquity4.7%
    Larsen & Toubro Ltd.ConstructionEquity4.1%
    State Bank of IndiaFinancial ServicesEquity3.8%
    Hindustan Unilever Ltd.Consumer GoodsEquity3.3%
    See All

    Fund Managers

    addHarshad Patwardhan
    Education
    Mr. Patwardhan is B.Tech from IIT, MBA from IIM and CFA.
    Experience
    Mr. Patwardhan has an overall work experience of over 23 years in the investment management function and has joined Edelweiss AMC as Chief Investment Officer - Equity and a key personnel. Prior to joining Edelweiss AMC, he was associated with JPMorgan Asset Management India Private Limited since June 2006 as CIO-Equities. Prior to that Mr. Patwardhan worked for two years with Deutsche Equities India Private Limited as a senior research analyst and has had extensive experience with several foreign brokerage houses covering a variety of sectors.
    Funds Managed

    Other Details

    Edelweiss Tax Advantage Direct Plan Growth is a Equity Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was introduced to investors on 31 Dec 2012. Harshad Patwardhan is the Current Fund Manager of Edelweiss Tax Advantage Direct Plan Growth.The fund currently has an Asset Under Management(AUM) of ₹9 Cr and the Latest NAV as of 08 Jul 2019 is ₹42.92.

    The Edelweiss Tax Advantage Direct Plan Growth is rated Moderate risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 500. Nil.

    Investment Objective

    The investment objective of the Scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities. However, there can be no assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends.

    Tax Implications

    Scheme Information Document(SID)

    ₹500
    Min for First Investment
    ₹500
    Min for Second Investment
    Nil
    Exit Load

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    About Edelweiss Mutual Fund

    Address
    Tower 3, Wing B, Ground Floor, Kohinoor City Mall, Kohinoor City, Kirol Road, Kurla(W), Mumbai 400070
    Phone
    +91 22 40979900
    Launch Date
    29 Apr 2008
    Edelweiss Mutual Fund
    Asset Management Company
    Custodian
    Standard Chartered Bank
    Registrar & Transfer Agent
    Karvy
    Address
    NA
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