Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund
A tax saver index fund to invest in top 250 Indian companies
Returns
29.2%
AUM
₹138.2Cr
Risk
Very High
Min. Investment
₹500
Ideal for
5 yrs+ Investment Period
Tax Saving
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.
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
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
| Top 7 Equity Holdings | Weightage (%) |
|---|---|
| Hdfc Bank Ltd | 5.08 % |
| Icici Bank Ltd | 3.38 % |
| Reliance Industries Ltd | 3.24 % |
| Infosys Ltd | 2.52 % |
| Itc Ltd | 1.67 % |
| Tata Consultancy Services Ltd | 1.59 % |
| Larsen & Toubro Ltd | 1.59 % |
Fund Manager
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
Riskometer of the scheme
Riskometer of the scheme
Riskometer of the benchmark - Nifty LargeMidcap 250 Index TRI
This product is suitable for investors who are seeking*:
- Long term capital growth
- 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.
Other Funds
Zerodha Nifty LargeMidcap 250 Index Fund
Zerodha Nifty Midcap 150 ETF
Zerodha Nifty 100 ETF
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 0.27% as on Nov 19, 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 ₹13.0288 as on Nov 19, 2024
The Tracking Error of the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is 0.04% as on Nov 19, 2024
The AUM of the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund is ₹138.2Cr as on Nov 19, 2024
There is a lock-in period of 3 years for the Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund.