Edelweiss ELSS Tax Saver Fund
Direct · GrowthAI Summary
Edelweiss ELSS Tax Saver Fund has delivered strong SIP XIRR of 17.58% over 1Y, beating the category average of 17.08%, but lags peers over longer horizons (3Y: 14.62% vs 15.16%; 5Y: 14.43% vs 16.31%; 10Y: 15.17% vs 16.14%). Against the NIFTY 50, the fund shows consistent alpha across all periods, including 12.34% alpha over 1Y and 8.13% over 3Y, with lump-sum CAGR of 15.91% over 3Y versus the benchmark's 7.75%. Long-term lump-sum performance remains solid, with 13.74% CAGR over 10Y versus 10.79% for the benchmark.
The fund exhibits a Beta below 1 across most periods (0.92-1.02) with downside capture consistently under 100% (88.13% over 12Y, 90.24% over 1Y), indicating it falls less than the benchmark in weak markets. The maximum drawdown of -0.37% with a 33-day duration and 233-day recovery suggests limited recent peak-to-trough stress, though 8 drawdown events exceeding 10% have occurred historically. Calmar ratios of 0.37-0.46 across horizons reflect reasonable risk-adjusted returns relative to drawdown experienced.
Detailed holdings and sector allocation data were not provided in this dataset, so specific top holdings and concentration levels cannot be assessed. As an ELSS fund, it must maintain at least 80% equity exposure per the mandated tax-saver structure. Investors should review the fund's latest factsheet to evaluate sector tilts and individual stock concentration before investing.
The fund trails category average SIP XIRR across 3Y, 5Y, 7Y, 10Y, and 12Y horizons, with the widest gap at 5Y (14.43% vs 16.31%, roughly 1.9 percentage points behind). However, its calendar year returns show strong consistency in up-markets, delivering 28.35% in 2023, 22.04% in 2024, and 31.96% in 2021, with only three negative years since 2013. Its low downside capture versus NIFTY 50 suggests defensive characteristics that may partly explain the more moderate SIP returns relative to peers.
This fund suits investors seeking Section 80C tax deduction with equity growth exposure, given the mandatory 3-year lock-in inherent to ELSS funds. A horizon of 5-7 years or more is advisable to ride out volatility and allow the fund's long-term alpha versus the NIFTY 50 to compound. It fits investors with moderate risk tolerance who value downside protection, as evidenced by sub-100% downside capture, rather than those chasing top-quartile category SIP returns.
- Consistent positive alpha versus NIFTY 50 across all measured periods, including 12.34% over 1Y and 8.13% over 3Y
- Low downside capture (88-96% across periods) with Beta below 1 in most windows, indicating better-than-benchmark resilience in falling markets
- Competitive expense ratio of 0.67% for the Direct plan, supporting net returns over long holding periods
- SIP XIRR trails the category average across all horizons of 3Y and beyond, with the largest gap at 5Y (14.43% vs 16.31%)
- Recent calendar year returns have decelerated sharply, from 28.35% in 2023 to 8.06% in 2025 and 2.31% in 2026 year-to-date
Generated on 04-09-2026, 2:49 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.81 L | 17.6% | -55.2% | 89.0% |
| 3 Years | ₹36.00 L | ₹44.58 L | 14.6% | -20.9% | 32.7% |
| 5 Years | ₹60.00 L | ₹87.18 L | 14.4% | -8.5% | 27.5% |
| 7 Years | ₹84.00 L | ₹1.42 Cr | 14.6% | -1.4% | 22.4% |
| 10 Years | ₹1.20 Cr | ₹2.65 Cr | 15.2% | 12.0% | 18.6% |
| 12 Years | ₹1.44 Cr | ₹3.72 Cr | 14.9% | 12.7% | 17.1% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 17.6% | 14.4% | 17.1% | +3.2% |
| 3 Years | 14.6% | 11.1% | 15.2% | +3.5% |
| 5 Years | 14.4% | 10.4% | 16.3% | +4.0% |
| 7 Years | 14.6% | 10.6% | 15.8% | +4.0% |
| 10 Years | 15.2% | 11.5% | 16.1% | +3.7% |
| 12 Years | 14.9% | 11.4% | 15.6% | +3.5% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 16.9% | 13.1% | -29.3% | 88.9% | 0.57 | 1.79 | 84% | — | — |
| 3 Years | 14.9% | 15.9% | -6.0% | 31.5% | 1.38 | 5.12 | 98% | — | — |
| 5 Years | 14.3% | 14.3% | -1.2% | 27.8% | 1.57 | 9.27 | 100% | — | — |
| 10 Years | 14.6% | 14.4% | 11.4% | 16.6% | 7.12 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +12.34 | 1.01 | 106.3% | 90.2% | 9.3% | -2.9% |
| 3 Years | +8.13 | 1.02 | 106.1% | 96.0% | 15.9% | 7.8% |
| 5 Years | +5.84 | 0.99 | 100.3% | 93.2% | 13.7% | 7.8% |
| 7 Years | +5.50 | 0.94 | 96.4% | 90.6% | 17.0% | 11.8% |
| 10 Years | +3.23 | 0.93 | 94.6% | 90.5% | 13.7% | 10.8% |
| 12 Years | +4.32 | 0.92 | 93.5% | 88.1% | 13.9% | 9.8% |
| 15 Years | +3.91 | 0.91 | 92.1% | 86.7% | 13.3% | 9.6% |