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
₹97.72
0.18%
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
NAV as on 30 Apr 24, 12:00 AM
very high risk
elss (tax savings)
elss
36.02%p.a.
Last 1Y
18.60%p.a.
Last 3Y
16.06%p.a.
Last 5Y
15.88%p.a.
Since Inception
About Edelweiss ELSS Tax saver Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Edelweiss ELSS Tax saver Growth 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 Growth is ELSS (Tax Savings) fund of its category with 329.48 Cr fund under management as on Apr 2024. The expense ratio of this fund is less than that of most other Fund category ELSS (Tax Savings) funds.
- Edelweiss ELSS Tax saver Growth delivered 36.0% annual returns during the last year. It has delivered 15.9% average annual returns since the fund was launched.
- Edelweiss ELSS Tax saver Growth 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
Larsen & Toubro Ltd
5.86%
HDFC Bank Ltd
5.84%
ICICI Bank Ltd
5.56%
Reliance Industries Ltd
4.90%
State Bank of India
3.41%
UltraTech Cement Ltd
2.75%
Trent Ltd
2.74%
Axis Bank Ltd
2.74%
Sun Pharmaceuticals Industries Ltd
2.47%
Bharti Airtel Ltd
2.29%
Fund Managers
- Ashwani Agarwalla (Aug 2023 - Present)
- Trideep Bhattacharya (Aug 2023 - Present)
Key Information
View Scheme Document
Edelweiss ELSS Tax saver Growth 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 Growth
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 Growth?
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 Growth
- 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
Similar Funds
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3Y Return
Axis ELSS Tax Saver Fund Growth
very high risk | elss
12.0%
SBI Long Term Equity Fund Growth
very high risk | elss
28.7%
Mirae Asset ELSS Tax Saver Fund - Plan-Growth
very high risk | elss
18.6%
Frequently Asked Questions
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