Edelweiss ELSS Tax Saver Fund
The scheme will, on the basis of overall industry and economic scenario, invest in a diversified portfolio of stocks of growth oriented companies with good track record. The scheme may endeavor to take advantage of special situations such as mergers and demerger.
Growthvine rating: 2/5 — ranked #37 of 57 in category.
Fund basics
| Category | Equity: ELSS |
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| NAV | ₹117.99 (as of 2026-08-21) |
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| AUM | ₹443 Cr |
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| Expense ratio | 2.10% |
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| Riskometer | Very High |
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| Fund manager | Ashwani Kumar Agarwalla |
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| Exit load | 0 |
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Performance & risk
| 5-year annualised return | 12.00% |
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| Sharpe ratio | 0.49 |
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| Standard deviation | 15.31% |
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| Max drawdown | -36.90% |
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| Alpha | 0.86 |
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| Beta | 0.99 |
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Over 5 years, captured 98.1% of Nifty 500's upside and 98.0% of its downside.
Market cap allocation
| Large cap | 62.5% |
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| Mid cap | 16.7% |
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| Small cap | 20.9% |
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Concentration
| Top 5 holdings | 20.0% |
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| Top 10 holdings | 30.7% |
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| Total holdings | 93 |
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| Index overlap | 50.5% |
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| Active share | 49.5% |
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Top holdings
- ICICI Bank Ltd. — 4.9%
- Reliance Industries Ltd — 4.4%
- HDFC Bank Ltd. — 4.1%
- Bharti Airtel Ltd. — 3.6%
- Larsen & Toubro Limited — 2.9%
- State Bank Of India — 2.5%
- Ather Energy Limited — 2.2%
- BSE Ltd. — 2.2%
- Gabriel India Ltd. — 1.9%
- Bharat Electronics Ltd. — 1.9%
Top sectors
- Banking & Financial — 25.1%
- Automobile — 11.1%
- Software & Services — 9.4%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 1.7% | Q2 | #23 of 52 |
| 2025 | 6.7% | Q1 (Top) | #13 of 51 |
| 2024 | 20.0% | Q2 | #23 of 51 |
| 2023 | 26.8% | Q3 | #29 of 48 |
| 2022 | -0.1% | Q3 | #33 of 43 |