NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹28.09
-3.67%
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 16 Jan 25, 12:00 AM
very high risk
elss (tax savings)
elss
19.79%p.a.
Last 1Y
15.64%p.a.
Last 3Y
17.53%p.a.
Last 5Y
15.90%p.a.
Since Inception
About Edelweiss ELSS Tax saver Payout of Income Distribution cum capital withdrawal option for NRIs
NRIs can achieve long-term capital appreciation by investing in the Edelweiss ELSS Tax saver Payout of Income Distribution cum capital withdrawal option scheme from Edelweiss Asset Management Limited. It is a ELSS (Tax Savings) mutual fund scheme that predominantly invests in ELSS (Tax Savings) stocks of companies. Launched on Dec 2008, Edelweiss ELSS Tax saver Payout of Income Distribution cum capital withdrawal option is ELSS (Tax Savings) fund of its category with 397.74 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Edelweiss ELSS Tax saver Payout of Income Distribution cum capital withdrawal option delivered 19.8% annual returns during the last year. It has delivered 15.9% average annual returns since the fund was launched.
- Edelweiss ELSS Tax saver Payout of Income Distribution cum capital withdrawal option scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in elss
Fund Objective
The primary objective of the Scheme is to generate long-term capital appreciation with an option of periodic payouts at the end of lock in periods from a portfolio that invests predominantly in equity and equity related instruments. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.
Top 10 Holdings
HDFC Bank Ltd
6.00%
ICICI Bank Ltd
5.34%
Reliance Industries Ltd
3.53%
Infosys Ltd
3.16%
State Bank of India
3.15%
Larsen & Toubro Ltd
3.13%
Trent Ltd
2.95%
Bharti Airtel Ltd
2.51%
Sun Pharmaceuticals Industries Ltd
2.25%
Bharat Electronics Ltd
2.01%
Fund Managers
- Ashwani Agarwalla (Aug 2023 - Present)
- Trideep Bhattacharya (Aug 2023 - Present)
- Raj Koradia (Aug 2024 - Present)
Key Information
View Scheme Document
Edelweiss ELSS Tax saver Payout of Income Distribution cum capital withdrawal option SIP Calculator
If invested
per month
For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Edelweiss ELSS Tax saver Payout of Income Distribution cum capital withdrawal option
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Edelweiss ELSS Tax saver Payout of Income Distribution cum capital withdrawal option?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Edelweiss ELSS Tax saver Payout of Income Distribution cum capital withdrawal option
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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