About Edelweiss Long Term Equity Fund (Tax Savings) Direct - Growth
Edelweiss Long Term Equity Fund (Tax Savings) Direct - Growth is a Tax Saver
mutual fund scheme from Edelweiss Mutual Fund
. This scheme was launched on 21 Jan 2013 and is currently managed by its fund managers Pratik Dharmshi
and Harsh kothari
. It has an AUM of ₹110.70 Crores and the latest NAV decalared is ₹46.440 as on 13 Jul 2020 at 11:06 am.
Edelweiss Long Term Equity Fund (Tax Savings) Direct - Growth scheme return performance in last 1 year is -5.17%, in last 3 years is 3.22% and 114.80% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
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.
About Fund Category
Having a statutory lock-in period of 3 years, ELSS Funds enable long term wealth accumulation along with the benefit of tax saving. Investing in ELSS Funds makes you eligible to claim a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act 1961.