Hybrid
Direct
Dynamic Asset Allocation
NAV as on 06-09-2024
₹ 56.88
1D
Inception Returns
13.8%
/yr
Edelweiss Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 22 January, 2013. The fund is managed by Bharat Lahoti, Rahul Dedhia. This fund gives you the benefit of diversification.
Edelweiss Balanced Advantage Fund Direct Growth has given a CAGR return of 13.75% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 26.65%, 13.67% and 18.49% respectively.
Edelweiss Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Corporate, Financial Services, Government, Consumer Cyclical, Tech, Industrial, Energy, Consumer Defensive, Health, Utilities, Communication, Basic Materials, Real Estate, Securitize.
As it is a dynamic asset allocation mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
The primary objective of the Scheme is to generate capital appreciation with relatively lower volatility over a longer tenure of time. The Scheme will accordingly invest in equities, arbitrage opportunities and derivative strategies on the one hand and debt and money market instruments on the other. The Scheme may also invest in Infrastructure Investment Trusts and Real Estate Investment Trusts. However there is no assurance that the investment objective of the Scheme will be realized.
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Balanced Advantage Fund Direct Growth has no lock in period.
Expense ratio | 0.5% |
Benchmark | null |
AUM | ₹12117 Cr |
Inception Date | 22 January, 2013 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 106.79% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (06-Sep-24)
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Corporate & Government
Edelweiss Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.55% | 3.55% |
6 Month Returns | 11.68% | 11.68% |
1 Year Returns | 26.65% | 26.65% |
3 Years Returns | 46.86% | 13.67% |
5 Years Returns | 133.59% | 18.49% |
AAA | 92.85 |