ZELSS

Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

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

Returns

34.88%

AUM

₹153.84Cr

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

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.

Scheme
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

This tax-saver ELSS fund allows you to invest up to ₹1.5 lakhs every year to reduce the taxable income in the old tax regime and comes with a lock-in period of 3 years.

Investment period > 3 year

Gains/profits after a lockin of 3 years are treated as long-term capital gains and are tax-free upto ₹1.25 lakhs in a financial year. Gains above ₹1.25 Lakhs in a financial year are taxed at 12.5% (plus 4% cess and surcharge, if any).

Returns & Tax Calculator

You Invested
0
(-) Stamp Duty Charges 0.005%
0
Actual Investment
0
(+) Est. Returns 12%
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
The calculator shown above is intended solely for educational purposes, offering conceptual clarity to investors based on the information provided. Full disclaimer here.
Holdings
As on Dec 10, 2024
Group By
Top 7 Equity HoldingsWeightage (%)
Hdfc Bank Ltd
5.14 %
Icici Bank Ltd
3.40 %
Reliance Industries Ltd
3.16 %
Infosys Ltd
2.54 %
Larsen & Toubro Ltd
1.68 %
Tata Consultancy Services Ltd
1.64 %
Itc Ltd
1.57 %
Fund Details
As on Dec 10, 2024
NAV
₹13.8578
Expense Ratio
0.26%
Exit Load
0%
Tracking Error
0.04%
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 scheme

very-high

Riskometer of the benchmark - Nifty LargeMidcap 250 Index TRI

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.

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Frequently Asked Questions

Fund Overview

The Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund tracks the Nifty LargeMidcap 250 Index TRI which intends to measure performance of both the large and mid-market capitalization companies in equal proportion.

Additionally this fund qualifies for tax deductions under Section 80C of the Income Tax Act, 1961

The Zerodha ELSS Tax Saver Nifty largeMidcap 250 Index fund is a passive index fund which reflects the performance of a portfolio of 100 large cap and 150 mid cap companies listed on NSE.

The portfolio of the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index fund will be rebalanced within 7 calendar days post any change in the constituents of the Nifty LargeMidcap 250 index due to periodic review

The minimum investment amount for investors looking to invest in the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index fund is Rs.500/-.

Suitable for

The Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index fund is suitable for investors looking to avail tax deduction of up to Rs.1.5 lakh under Section 80C of Indian Income Tax Act, 1961 under the old tax regime. It can also be used to get a balanced exposure between large cap and mid cap segment of the Indian equity markets with an aim to create wealth in the long term.

The Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index fund is suitable for investors who have a long term investment horizon in mind. Since this is an ELSS fund, it has a lock-in period of 3 years.

The Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index fund invests primarily in equity and equity related instruments. Hence, it is a Very High Risk scheme.

Mode of Investing

The Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index fund is available on Coin by Zerodha, Groww, Kuvera, Paytm Money, IND Money, CAMS Online, MFU and MFC and other such platforms

Investors can invest in the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index fund via both Lumpsum and SIPs.

Cost and Tax Implications

The expense ratio of the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is 0.26% as on Dec 10, 2024

There is no exit load applicable on the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund

1. Considering the tax saving nature of the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index fund, investments are locked in for a period of 3 years. Hence, investors will not be taxed before 3 years.

2. If the Investment period >= 3 year There will be no tax for gains up to ₹1 Lakh in a financial year. For any gains above ₹1 Lakh in a financial year there will be a 10% tax (plus 4% cess and surcharge, if any)

Please refer to the Returns and Tax calculator on the same page above for the full breakdown of actual taxes.

Fund Details

The NAV of the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is ₹13.8578 as on Dec 10, 2024

The Tracking Error of the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is 0.04% as on Dec 10, 2024

The AUM of the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is ₹153.84Cr as on Dec 10, 2024

There is a lock-in period of 3 years for the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund.