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Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option
★★★★★ TopFund est.
TopFund Score (fallback rating)
- Calculated by: TopFund — used only when no third-party rating exists for this fund
- Formula: 3-year trailing return percentile within category, adjusted ±1 star for expense ratio
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: A simplified 2-factor estimate, not equivalent to a rating agency's full analysis
TopFund Score: 70/100 · Good
How this score is calculated
- Star rating (35%)3/5
- 3Y CAGR (30%)—
- Expense ratio (20%)0.34%
- AUM (15%)₹295 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Zerodha Mutual Fund · Equity · ELSS
₹14.2
AUM: ₹294 Cr
NAV updated 6 days ago
Plan
Direct
Option
Growth
Risk
High
Expense Ratio
0.34%
Exit Load
Nil
Fund Manager
Kedarnath Mirajkar
Inception
Nov 2023
Benchmark
NIFTY Large Midcap 250 Total Return Index
Sharpe Ratio
-0.16
Std Dev (1Y)
14.57%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-2.85%
3m
-1.02%
6m
+8.85%
1y
+0.38%
3y
—
5y
—
10y
—
since inception
+13.05%
TopFund's Take on Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option holds up reasonably well within the ELSS category, currently carrying a 3-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 70/100.
Cost: At 0.34%, the expense ratio is meaningfully cheaper — about 68% below the ELSS category average of 1.06% (based on 157 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.16 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 14.57% is fairly typical for ELSS funds.
Who should invest: This fund is best suited to investors looking to claim the ₹1.5 lakh Section 80C tax deduction, who are comfortable with the mandatory 3-year lock-in. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option
The current NAV (Net Asset Value) of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option is ₹14.2. NAV is updated every business day after market close by AMFI.
1Y: 0.38%
The expense ratio of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option is 0.34% per annum. This is the annual fee charged by the fund to manage your investment.
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option is managed by Kedarnath Mirajkar at Zerodha Mutual Fund.
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option is classified as a High risk fund. It is suitable for investors with a long-term horizon of 3+ years.
Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option is a ELSS fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund - Direct Plan - Growth option is ₹295 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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