Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

ZELSS

A tax saver index fund to invest in top 250 Indian companies

AUM

₹88.92Cr

Expense Ratio

0.25%

Risk

Very High

Min. Investment

₹500

Ideal for

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5 yrs+ Investment Period

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Tax Saving

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Diversification

About the fund

Scheme

This index fund follows the Nifty LargeMidcap 250 index, and invests your money equally between the top 100 large companies and the next 150 midcap companies. For example, if you invest ₹1000 in this index fund, ₹500 will mostly be allocated towards the top 100 largecap companies and remaining ₹500 will mostly be allocated towards the next 150 midcap companies.

The fund also offers an add-on tax saving benefit. Investments made into the fund (upto ₹1,50,000) can be deducted from your taxable income under the section 80C of the Income-tax Act, 1961. Investing in this fund offers a simple & optimized way to invest passively in the Indian equity market while diversifying across various companies, sectors and market capitalizations.

Midcap companies may offer better return potential compared to largecap companies, but may also be more volatile compared to the largecap companies. Therefore, by equally allocating your money between midcap and largecap companies, the fund aims to offer a good balance between risk & return for long term wealth creations.

The fund might be suitable for someone who is looking for investing with a long term horizon in mind. You can choose to start investing with an investment amount as low as ₹500.

Past Performance

Current value ofinvested once at launch of index would be
For periods above 1 year, returns are annualized (CAGR). Monthly SIP Returns denotes XIRR. Past performance doesn't guarantee future results. Fund returns may vary due to tracking errors and expenses compared to benchmark returns.

Tax Implication

Investment period < 3 year

Given the tax saving nature of this fund, investments are locked for a period of 3 years and funds cannot be withdrawn. So there is no tax implication before 3 years.

Investment period >= 3 year

This is a tax saver ELSS fund and upto ₹1.5 Lakhs can be invested every year to reduce the taxable income. After a lockin of 3 years, gains above ₹1 Lakh are taxed at 10% (plus surcharge, if any and 4% cess).

Returns & Tax Calculator

You Invested
0
(-) Stamp Duty Charges 0.005%
0
Actual Investment
0
(+) Est. Returns 15%
0
(-) STT 0.001%
0
(-) Exit Load
(No Exit Load is charged)
₹ 0
You Make (Before Tax)
0
(-) Tax
0
You Make (After Tax)
0
This calculator is meant for education purposes only and not aimed at soliciting investments in any particular scheme of Zerodha Mutual Fund.
Holdings
As on May 24, 2024
Group By
Top 7 Equity HoldingsWeightage (%)
Hdfc Bank Ltd
4.38 %
Reliance Industries Ltd
3.85 %
Icici Bank Ltd
3.05 %
Infosys Ltd
2.01 %
Larsen & Toubro Ltd
1.65 %
Tata Consultancy Services Ltd
1.50 %
Itc Ltd
1.48 %
Fund Details
As on May 24, 2024
NAV
₹12.6240
Exit Load
0%
Tracking Error
0.06%
Lock-in Period
3Y

Fund Manager

Kedarnath Mirajkar

Kedarnath Mirajkar

LinkedIn

Kedar has an experience of 17 years in financial markets, across multiple roles at Aditya Birla Sunlife AMC Ltd (ABSLAMC), including fund management for passive products, where he managed 13 ETFs and Index Funds in equity & commodity. Kedar's belief in his own words is - "Passive investing uses the collective intelligence of the market instead of manually picking stocks and works for most investors."

Riskometer

very-high

Riskometer of the scheme

very-high

Riskometer of the benchmark - Nifty LargeMidcap 250

This product is suitable for investors who are seeking*:

  1. Long term capital growth
  2. Investment in securities covered by Nifty LargeMidcap 250 Index

Investors should understand that their principal will be at Very High Risk

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.