Edelweiss Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 23-12-2024
₹ 116.2
1D
Inception Returns
23.6%
/yr
About Edelweiss Mid Cap Fund Direct Growth
Edelweiss Mid Cap Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Dhruv Bhatia. The fund could potentially beat inflation in the long-run.
Key Parameters
- Edelweiss Mid Cap Fund Direct Growth has ₹8280 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
Edelweiss Mid Cap Fund Direct Growth has given a CAGR return of 23.62% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 45.05%, 29.35% and 32.35% respectively.
Holdings
Edelweiss Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Tech, Health, Basic Materials, Consumer Defensive, Real Estate, Communication, Energy, Utilities. Its top holdings are Persistent Systems Ltd, Dixon Technologies (India) Ltd, Lupin Ltd, PB Fintech Ltd, The Federal Bank Ltd
Taxation
As it is a mid-cap mutual fund the taxation is as follows: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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Edelweiss Mid Cap Fund Direct Growth
The investment objective is to seek to generate long-term capital appreciation from a portfolio that predominantly invests in equity and equity-related securities of Mid Cap companies. However, there can be no assurance that the investment objective of the Scheme will be realised.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Mid Cap Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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28487 people have invested ₹ 19Cr in Edelweiss Mid Cap Fund Direct Growth in the last three months
INDmoney Rank for Edelweiss Mid Cap Fund Direct Growth
Powered by IND quant engine
2
/19
90% Performance
53% Risk Management
98% Cost
2 out of 19 among mid-cap
Generated Consistent Returns
Lower probablity of downside risk
Outperformed benchmarks during bull run
No bad points found for this fund.
Edelweiss Mid Cap Fund Direct Growth Overview
| Expense ratio | 0.39% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹8280 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 49.68% |
| STCG | Selling mutual fund 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 |
Trailing Returns
as on (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Mid cap
71.3%
Small cap
15.4%
Large cap
8.7%
Sector Allocation
Financial Services
21%
Industrial
18.4%
Consumer Cyclical
15.7%
Tech
12.4%
Health
11.3%
Basic Materials
8.2%
Consumer Defensive
4.1%
Real Estate
4%
Communication
1.9%
Energy
1.6%
Utilities
1.5%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 1.87% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -0.54% as on Nov'24
- This fund outperformed Nifty Midcap 150 by 2.41% in Nov'24
- AUM of the fund stands at 8.3K Cr as of Nov'24
- AUM increased by 603.3 Cr between Nov'24 and Oct'24
Top Stocks sold last month
Persistent Systems Ltd's allocation decreased from 4.88 % to 4.03 %
Dixon Technologies (India) Ltd's allocation decreased from 5.26 % to 3.69 %
Ipca Laboratories Ltd's allocation decreased from 5.26 % to 1.88 %
Mid Cap allocation has gone up from 69.3% to 71.3%
Large Cap allocation has gone down from 9.5% to 8.7%
Small Cap allocation has gone down from 16.1% to 15.4%
Cash allocation has gone down from 2.9% to 2.6%
Top 3 Sectors in November were Financial Services, Industrial & Consumer Cyclical
Nov'24
Financial Services
21%
Industrial
18%
Consumer Cyclical
16%
Oct'24
Financial Services
22%
Industrial
18%
Consumer Cyclical
15%
Top Growth Drivers | 1M Return |
|---|---|
 Dixon Technologies (India) Ltd | 22.7% |
 Persistent Systems Ltd | 16.6% |
 Indian Hotels Co Ltd | 11.9% |
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Dhruv Bhatia
Fund Manager of Edelweiss Mid Cap Fund Direct Growth, since 14 October 2024
Top funds managed
Fund House
Edelweiss Asset Management Limited
Total Schemes
Total AUM
₹1.05L Cr
as on 29-Nov-2024
Address
Edelweiss House, Off C.S.T. Road, Kalina
Phone
91-22-40979900
Website
investor.amc@edelcap.com
Mutual Fund Insights
Over the last 15 months, this fund has decreased expense ratio by 15.2% moving from 0.46 to 0.39.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 34.68% return, outperforming this fund by 2.33% per annum.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 38.21% return, outperforming this fund by 8.86% per annum.
This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.39% which is lower than the category average expense ratio of 1.13%.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 60.13% return, outperforming this fund by 15.08%.
Over the last 6 months, this fund has experienced a 41.2% growth in AUM moving from 5.86K Cr to 8.28K Cr.
Edelweiss Mid Cap Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 23.62% since inception which is more than its category average return of 19.37%
Fund Allocations
This fund has an allocation of 97.36% in Equity, 0% in Debt and 2.64% in Cash related instruments
AUM size ₹8280 Cr
This fund has AUM of ₹8280 Cr which is less than its category average of ₹ 9584 Cr
Expense Ratio 0.39%
This fund has an expense ratio of 0.39% which is less than its category average expense ratio of 1.35%
Frequently Asked Questions for Edelweiss Mid Cap Fund Direct Growth
The current NAV of Edelweiss Mid Cap Fund Direct Growth is ₹116.2 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Edelweiss Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.06% | 5.06% |
6 Month Returns | 10.21% | 10.21% |
1 Year Returns | 45.05% | 45.05% |
3 Years Returns | 116.44% | 29.35% |
5 Years Returns | 306.04% | 32.35% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.39% as on November 2024
₹8280 Cr as on November 2024
Persistent Systems Ltd(4.03%), Dixon Technologies (India) Ltd(3.69%), Lupin Ltd(3.03%), PB Fintech Ltd(2.54%), The Federal Bank Ltd(2.54%) as on November 2024
Financial Services(20.46%), Industrial(17.93%), Consumer Cyclical(15.3%) as on November 2024
The alpha ratio for the Edelweiss Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Edelweiss Mid Cap Fund Direct Growth | 14.85 | 5.04 | 4.43 |
As on November 2024
The alpha for Edelweiss Mid Cap Fund Direct Growth is calculated against S&P BSE Midcap TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Edelweiss Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Edelweiss Mid Cap Fund Direct Growth | 0.84 | 0.89 | 0.92 |
As on November 2024
The Beta for Edelweiss Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Edelweiss Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Edelweiss Mid Cap Fund Direct Growth | 2.64 | 1.38 | 1.21 |
As on November 2024
The sharpe ratio for Edelweiss Mid Cap Fund Direct Growth is calculated with S&P BSE Midcap TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Edelweiss Mid Cap Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Edelweiss Mid Cap Fund Direct Growth | 12.66 | 14.56 | 20.64 |
As on November 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.99 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.97 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Dhruv Bhatia is the fund manager of Edelweiss Mid Cap Fund Direct Growth
The Exit load of Edelweiss Mid Cap Fund Direct Growth is 1%