Edelweiss ELSS Tax saver Fund vs Edelweiss Multi Cap Fund
Direct Plan, Growth option · Data as on 30-10-2026
Edelweiss ELSS Tax saver Fund is an ELSS fund and Edelweiss Multi Cap Fund is a Multi Cap fund. In the 3 years to 30-10-2026, Edelweiss ELSS Tax saver Fund (Direct) returned 13.2% a year and Edelweiss Multi Cap Fund (Direct) returned 15.3% a year. Edelweiss ELSS Tax saver Fund charges 0.94% a year and Edelweiss Multi Cap Fund 0.68% (Direct plans). Their portfolios overlap 52.4%: they hold 60 of the same securities.
Edelweiss ELSS Tax saver Fund
ELSS
- 3 year return
- 13.2%
- Expense ratio
- 0.94%
- NAV
- ₹131.81
Edelweiss Multi Cap Fund
Multi Cap
- 3 year return
- 15.3%
- Expense ratio
- 0.68%
- NAV
- ₹15.54
Which is better, Edelweiss ELSS Tax saver or Edelweiss Multi Cap? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss Multi Cap returned more over 3 years: 15.3% a year against 13.2%.
- Edelweiss Multi Cap returned more over 1 year: −2.0% against −3.0%.
- Edelweiss Multi Cap costs less: 0.68% a year against 0.94% (Direct plans).
- Edelweiss ELSS Tax saver swung less over 3 years: a standard deviation of 14.4% a year against 15.1%.
- Edelweiss ELSS Tax saver fell less in its worst fall since 30-10-2023: −18.5% against −20.2%.
- Edelweiss ELSS Tax saver holds more in large companies: 56.6% of the fund in large caps against 38.4%.
- Edelweiss Multi Cap is the larger fund: ₹3,345 Cr against ₹428 Cr.
- Their portfolios overlap 52.4%: 60 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Edelweiss ELSS Tax saver Fund | Edelweiss Multi Cap Fund |
|---|---|---|
| Fund house | Edelweiss Mutual Fund | Edelweiss Mutual Fund |
| Category | ELSS | Multi Cap |
| AUM | ₹428 Cr (30-09-2026) | ₹3,345 Cr (30-09-2026) |
| NAV | ₹131.81 (Direct) | ₹15.54 (Direct) |
| Expense ratio (Direct) | 0.94% | 0.68% |
| Expense ratio (Regular) | 2.57% | 2.08% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | NIFTY 500 Multicap 50:25:25 Total Return Index |
| Launch date | 30-12-2008 | 25-10-2023 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | 3 years | None |
| Fund managers | Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia | Trideep Bhattacharya, Sumanta Khan, Raj Koradia, Amit Vora |
| Exit load | NIL | Exit load of 1%, if redeemed within 90 days. |
Edelweiss ELSS Tax saver vs Edelweiss Multi Cap: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | −0.12% | −5.10% | −1.31% | −2.99% | +13.22% | +10.81% | +12.63% |
| Edelweiss Multi Cap Fund (Direct) | −1.78% | −5.40% | −0.10% | −2.02% | +15.27% | -- | -- |
| ELSS average | −2.34% | −5.61% | −1.63% | −5.75% | +10.92% | +10.29% | +13.05% |
| Multi Cap average | −2.65% | −3.95% | +1.99% | −1.14% | +13.54% | -- | -- |
Category average: the average of the 50 ELSS funds and the 33 Multi Cap funds, same plan type.
Edelweiss ELSS Tax saver vs Edelweiss Multi Cap: Year-wise Returns
| Year | ELSS Tax saverEdelweiss ELSS Tax saver | Multi CapEdelweiss Multi Cap |
|---|---|---|
| 2026to date | −4.64% | −2.32% |
| 2025 | +8.48% | +3.21% |
| 2024 | +21.98% | +29.95% |
| 2023 | +28.87% | -- |
| 2022 | +1.66% | -- |
| 2021 | +32.57% | -- |
Edelweiss ELSS Tax saver vs Edelweiss Multi Cap: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Edelweiss ELSS Tax saver Fund
Rolling returns
Every 1-year holding period, 492 of them, one for each trading day from 30-10-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Edelweiss ELSS Tax saver Fund (Direct)
Edelweiss Multi Cap Fund (Direct)
Nifty 500 TRI
to
Dec 2024Apr 2024
to
Apr 2025Sept 2024
to
Sept 2025Jan 2025
to
Jan 2026May 2025
to
May 2026Sept 2025
to
Sept 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver | 9.3 | 25.8 | 28.5 | 21.5 | 5.3 | 2.2 | 7.3 | 9.1% | 7.6% | −6.0% | 40.9% | 99% |
| Edelweiss Multi Cap | 12.4 | 26.4 | 24.8 | 19.3 | 6.1 | 1.2 | 9.8 | 9.7% | 6.6% | −7.3% | 51.3% | 79% |
| Nifty 500 TRI | 22.2 | 29.3 | 29.9 | 8.1 | 3.9 | 0.8 | 5.9 | 5.9% | 4.7% | −9.0% | 36.5% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 30-10-2023. Past returns do not promise future returns.
Edelweiss ELSS Tax saver vs Edelweiss Multi Cap: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 03-10-2023 to 30-10-2026: 37 instalments, ₹3,70,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct) | ₹3,70,000 | ₹3,98,490 | ₹28,490 | 4.8% |
| Edelweiss Multi CapEdelweiss Multi Cap Fund (Direct) | ₹3,70,000 | ₹4,02,815 | ₹32,815 | 5.5% |
Edelweiss ELSS Tax saverEdelweiss ELSS Tax saver Fund (Direct)
Edelweiss Multi CapEdelweiss Multi Cap Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Edelweiss ELSS Tax saver vs Edelweiss Multi Cap: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Edelweiss ELSS Tax saver Fund (Direct) | Edelweiss Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.99% | −2.02% |
| Standard deviation | 14.49% | 14.89% |
| Sharpe ratio | -0.57 | -0.49 |
| Sortino ratio | -0.77 | -0.66 |
| Maximum drawdown | −13.4% (30-03-2026) | −13.1% (23-03-2026) |
| Beta | 0.99 | 0.98 |
| Alpha | +4.27% | +3.78% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Edelweiss ELSS Tax saver Fund (Direct) | Edelweiss Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.22% | +15.27% |
| Standard deviation | 14.36% | 15.08% |
| Sharpe ratio | 0.50 | 0.61 |
| Sortino ratio | 0.68 | 0.83 |
| Maximum drawdown | −18.5% (03-03-2025) | −20.2% (03-03-2025) |
| Beta | 0.99 | 0.98 |
| Alpha | +3.03% | +4.10% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Edelweiss ELSS Tax saver Fund (Direct) | Edelweiss Multi Cap Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.04% | +15.26% |
| Standard deviation | 15.43% | 15.08% |
| Sharpe ratio | 0.52 | 0.61 |
| Sortino ratio | 0.70 | 0.83 |
| Maximum drawdown | −36.8% (23-03-2020) | −20.2% (03-03-2025) |
| Beta | 0.94 | 0.98 |
| Alpha | +1.50% | +4.10% |
From daily NAVs, 24-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Edelweiss ELSS Tax saver Fund (Direct)
Edelweiss Multi Cap Fund (Direct)
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | −18.5% | 26-09-2024 | 03-03-2025 | 12-11-2025 | 8 months | −7.5% |
| Edelweiss Multi Cap Fund (Direct) | −20.2% | 24-09-2024 | 03-03-2025 | 02-07-2026 | 16 months | −8.5% |
| Nifty 500 TRI | −18.6% | 26-09-2024 | 28-02-2025 | Not yet | -- | −8.8% |
From daily values since 30-10-2023, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Edelweiss ELSS Tax saver Fund (Direct)
Edelweiss Multi Cap Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Edelweiss ELSS Tax saver Fund (Direct) | 109% | 98% | 2.73% |
| Edelweiss Multi Cap Fund (Direct) | 120% | 102% | 4.52% |
From month-end values since 30-10-2023. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Edelweiss ELSS Tax saver vs Edelweiss Multi Cap: Portfolio Overlap
From each fund's latest monthly portfolio: Edelweiss ELSS Tax saver Fund, September 2026; Edelweiss Multi Cap Fund, September 2026
Holdings in common
- Overlap
- 52.4%
- Held by both
- 60
- Only in Edelweiss ELSS Tax saver
- 33
- Only in Edelweiss Multi Cap
- 36
| Security | % of Edelweiss ELSS Tax saver | % of Edelweiss Multi Cap |
|---|---|---|
| ICICI Bank Ltd. | 4.84% | 3.90% |
| Larsen & Toubro Ltd. | 2.94% | 2.95% |
| Multi Commodity Exchange Of India Ltd. | 2.41% | 2.37% |
| Reliance Industries Ltd. | 3.81% | 2.34% |
| HDFC Bank Ltd. | 4.14% | 2.32% |
| City Union Bank Ltd. | 1.76% | 2.31% |
| NTPC Ltd. | 1.63% | 2.10% |
| Karur Vysya Bank Ltd. | 1.48% | 2.66% |
| Mahindra & Mahindra Ltd. | 1.44% | 1.45% |
| Torrent Pharmaceuticals Ltd. | 1.65% | 1.42% |
| State Bank of India | 2.50% | 1.29% |
| Ather Energy Ltd. | 1.46% | 1.12% |
| Titan Company Ltd. | 1.01% | 1.36% |
| Tech Mahindra Ltd. | 1.20% | 0.98% |
| Coforge Ltd. | 0.97% | 1.17% |
| Shriram Finance Ltd. | 1.72% | 0.92% |
| Bikaji Foods International Ltd. | 0.90% | 1.30% |
| Bharat Electronics Ltd. | 2.00% | 0.86% |
| Creditaccess Grameen Ltd. | 1.25% | 0.85% |
| Trent Ltd. | 1.40% | 0.80% |
| Infosys Ltd. | 0.79% | 1.10% |
| IPCA Laboratories Ltd. | 1.15% | 0.73% |
| Cholamandalam Investment & Finance Company Ltd. | 1.11% | 0.73% |
| Dixon Technologies (India) Ltd. | 0.86% | 0.73% |
| CEAT Ltd. | 0.73% | 0.87% |
| Solar Industries India Ltd. | 0.72% | 1.69% |
| Max Healthcare Institute Ltd. | 0.88% | 0.71% |
| KEI Industries Ltd. | 0.71% | 0.97% |
| Divi's Laboratories Ltd. | 0.70% | 1.55% |
| Sumitomo Chemical India Ltd. | 0.69% | 0.83% |
| L&T Finance Ltd. | 0.81% | 0.62% |
| Radico Khaitan Ltd. | 0.62% | 2.86% |
| Ultratech Cement Ltd. | 1.11% | 0.61% |
| Ajanta Pharma Ltd. | 1.02% | 0.61% |
| Home First Finance Company India Ltd. | 0.61% | 0.95% |
| Endurance Technologies Ltd. | 0.61% | 0.76% |
| Exide Industries Ltd. | 0.60% | 0.75% |
| Eternal Ltd. | 0.59% | 0.88% |
| Bharat Heavy Electricals Ltd. | 1.22% | 0.54% |
| Krishna Inst of Medical Sciences Ltd. | 0.53% | 1.33% |
| Bajaj Finance Ltd. | 0.52% | 0.74% |
| Netweb Technologies India Ltd. | 1.48% | 0.51% |
| Marico Ltd. | 0.51% | 0.88% |
| The Federal Bank Ltd. | 0.48% | 1.54% |
| Persistent Systems Ltd. | 1.00% | 0.47% |
| CG Power and Industrial Solutions Ltd. | 0.47% | 0.92% |
| Hindalco Industries Ltd. | 0.50% | 0.46% |
| Ashok Leyland Ltd. | 0.46% | 0.85% |
| JSW Steel Ltd. | 1.10% | 0.44% |
| HCL Technologies Ltd. | 0.99% | 0.41% |
| Hindustan Petroleum Corporation Ltd. | 0.41% | 0.60% |
| Triveni Turbine Ltd. | 0.40% | 0.73% |
| JSW Energy Ltd. | 0.38% | 0.49% |
| Billionbrains Garage Ventures Ltd. | 0.57% | 0.36% |
| TVS Motor Company Ltd. | 0.32% | 0.78% |
| Ujjivan Small Finance Bank Ltd. | 0.32% | 0.98% |
| Godrej Properties Ltd. | 0.31% | 0.45% |
| SPR Auto Technologies Ltd. | 0.67% | 0.25% |
| Bharat Dynamics Ltd. | 0.68% | 0.23% |
| SBI Funds Management Ltd. | 0.20% | 0.18% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 52.4% means 52.4% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Edelweiss ELSS Tax saver Fund
| Security | % of fund |
|---|---|
| Bharti Airtel Ltd. | 3.45% |
| BSE Ltd. | 1.94% |
| Sun Pharmaceutical Industries Ltd. | 1.67% |
| Kotak Mahindra Bank Ltd. | 1.25% |
| Tata Consultancy Services Ltd. | 1.24% |
Largest holdings only in Edelweiss Multi Cap Fund
| Security | % of fund |
|---|---|
| Navin Fluorine International Ltd. | 2.00% |
| Craftsman Automation Ltd. | 1.73% |
| The Indian Hotels Company Ltd. | 1.21% |
| PNB Housing Finance Ltd. | 1.18% |
| K.P.R. Mill Ltd. | 1.18% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Edelweiss ELSS Tax saver | Edelweiss Multi Cap |
|---|---|---|
| Equity | 95.3% | 94.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.7% | 5.4% |
Market cap of stocks
| Market cap | Edelweiss ELSS Tax saver | Edelweiss Multi Cap |
|---|---|---|
| Large Cap | 56.6% | 38.4% |
| Mid Cap | 17.7% | 26.6% |
| Small Cap | 20.8% | 29.4% |
| Not on AMFI's list | 0.2% | 0.2% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Edelweiss ELSS Tax saver | Edelweiss Multi Cap |
|---|---|---|
| Banks | 19.0% | 16.7% |
| IT - Software | 7.3% | 4.1% |
| Pharmaceuticals & Biotechnology | 7.0% | 4.9% |
| Finance | 6.9% | 7.0% |
| Capital Markets | 5.7% | 4.3% |
| Auto Components | 5.1% | 4.4% |
| Automobiles | 3.7% | 4.8% |
The six largest sectors of each fund's stocks, % of the fund.
Edelweiss ELSS Tax saver vs Edelweiss Multi Cap: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Edelweiss ELSS Tax saver Fund | Edelweiss Multi Cap Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.94% | 0.68% |
| Base expense ratio (Direct) | 0.67% | 0.45% |
| Total expense ratio (Regular) | 2.57% | 2.08% |
| Base expense ratio (Regular) | 2.08% | 1.65% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Edelweiss ELSS Tax saver with
Edelweiss ELSS Tax saver Fund vs Edelweiss Multi Cap Fund: Frequently Asked Questions
What is the difference between Edelweiss ELSS Tax saver Fund and Edelweiss Multi Cap Fund?
Edelweiss ELSS Tax saver Fund is an ELSS fund, Edelweiss Multi Cap Fund is a Multi Cap fund, run by Edelweiss Mutual Fund. Their portfolios overlap 52.4%. Edelweiss ELSS Tax saver Fund charges 0.94% a year and Edelweiss Multi Cap Fund 0.68%.
Which has given higher returns, Edelweiss ELSS Tax saver Fund or Edelweiss Multi Cap Fund?
Over 1 year: Edelweiss ELSS Tax saver Fund −2.99%, Edelweiss Multi Cap Fund −2.02%. Over 3 years: Edelweiss ELSS Tax saver Fund +13.22% a year, Edelweiss Multi Cap Fund +15.27% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Edelweiss ELSS Tax saver Fund or Edelweiss Multi Cap Fund?
Edelweiss Multi Cap Fund charges less: 0.68% a year against 0.94%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Edelweiss ELSS Tax saver Fund and Edelweiss Multi Cap Fund overlap?
52.4%. They hold 60 of the same securities, the largest shared ones being ICICIBANK, LT, MCX. From each fund's latest monthly portfolio.
Which is riskier, Edelweiss ELSS Tax saver Fund or Edelweiss Multi Cap Fund?
On SEBI's riskometer, Edelweiss ELSS Tax saver Fund is rated Very High and Edelweiss Multi Cap Fund Very High. Over 3 years, the standard deviation of daily returns was 14.36% and 15.08% a year.
Which is better for SIP, Edelweiss ELSS Tax saver Fund or Edelweiss Multi Cap Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹3,98,490 in Edelweiss ELSS Tax saver Fund (XIRR 4.8% a year) and ₹4,02,815 in Edelweiss Multi Cap Fund (XIRR 5.5% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Edelweiss ELSS Tax saver Fund and Edelweiss Multi Cap Fund?
Yes. 52.4% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Edelweiss ELSS Tax saver Fund and Edelweiss Multi Cap Fund?
Edelweiss ELSS Tax saver Fund: Ashwani Agarwalla, Trideep Bhattacharya, Raj Koradia. Edelweiss Multi Cap Fund: Trideep Bhattacharya, Sumanta Khan, Raj Koradia, Amit Vora.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.