Edelweiss Balanced Advantage Fund Direct Growth

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, Bhavesh Jain. This fund gives you the benefit of diversification.

1. Edelweiss Balanced Advantage Fund Direct Growth has ₹12381 Cr worth of assets under management (AUM) as on Nov 2024 and is more than category average.
2. The fund has an expense ratio 0.5.
   

Edelweiss Balanced Advantage Fund Direct Growth has given a CAGR return of 13.27% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 16.61%, 13.33% and 16.64% respectively.

Edelweiss Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Tech, Consumer Cyclical, Government, Health, Consumer Defensive, Industrial, Energy, 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 benefit
Gains 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.