Edelweiss Mid Cap Fund Direct Growth
Equity
Direct
Mid-Cap
NAV as on 22-11-2024
₹ 112.06
▲0.1%
1D
Inception Returns
23.3%
/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 . The fund could potentially beat inflation in the long-run.
Key Parameters
- Edelweiss Mid Cap Fund Direct Growth has ₹7677 Cr worth of assets under management (AUM) as on Oct 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 23.29% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 44.52%, 24.56% and 31.10% respectively.
Holdings
Edelweiss Mid Cap Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Health, Tech, Basic Materials, Consumer Defensive, Real Estate, Communication, Utilities, Energy. 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
▲
▼
23847 people have invested ₹ 16.1Cr 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
91% Performance
51% Risk Management
100% 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 | 0.4% |
Benchmark | S&P BSE Midcap TR INR |
| AUM | ₹7677 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 49.68% |
| 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 |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Mid cap
69.3%
Small cap
16.1%
Large cap
9.5%
Sector Allocation
Financial Services
22.2%
Industrial
17.8%
Consumer Cyclical
15.1%
Health
12.5%
Tech
11.7%
Basic Materials
7.5%
Consumer Defensive
4.3%
Real Estate
3.8%
Communication
1.9%
Utilities
1.7%
Energy
1.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -3.93% whereas the fund’s underlying benchmark Nifty Midcap 150 returns stands at -6.72% as on Oct'24
- This fund outperformed Nifty Midcap 150 by 2.78% in Oct'24
- AUM of the fund stands at 7.7K Cr as of Oct'24
- AUM decreased by 78.1 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Balkrishna Industries Ltd's allocation increased from 0.65% to 1.24%
Escorts Kubota Ltd's allocation increased from 0.44% to 1.03%
The Federal Bank Ltd's allocation increased from 1.97% to 2.54%
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 %
Solar Industries India Ltd's allocation decreased from 2.52 % to 2.39 %
Large Cap allocation has gone down from 13.2% to 9.5%
Small Cap allocation has gone up from 15% to 16.1%
Mid Cap allocation has gone up from 66.6% to 69.3%
Cash allocation has gone up from 2.8% to 2.9%
Top 3 Sectors in October were Financial Services, Industrial & Corporate
Oct'24
Financial Services
22%
Industrial
18%
Consumer Cyclical
15%
Sep'24
Financial Services
21%
Industrial
19%
Corporate
19%
See all
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 9.1% |
 Radico Khaitan Ltd | 2.8% |
 Indian Bank | 2.1% |
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Fund House
Edelweiss Asset Management Limited
Total Schemes
Total AUM
₹1.05L Cr
as on 31-Oct-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 3 months, this fund has increased expense ratio by 33.3% moving from 0.30 to 0.40.
In the last 3 years, Motilal Oswal Midcap Direct Growth has given 33.39% return, outperforming this fund by 8.83% per annum.
This fund has one of the lowest expense ratio in the category (mid-cap). Its expense ratio is 0.4% which is lower than the category average expense ratio of 1.14%.
In the last 1 year, Motilal Oswal Midcap Direct Growth has given 60.14% return, outperforming this fund by 15.62%.
In the last 5 years, Motilal Oswal Midcap Direct Growth has given 33.13% return, outperforming this fund by 2.04% per annum.
Over the last 6 months, this fund has experienced a 38.7% growth in AUM moving from 5.53K Cr to 7.67K 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 23.29% since inception which is more than its category average return of 18.78%
Fund Allocations
This fund has an allocation of 97.11% in Equity, 0% in Debt and 2.89% in Cash related instruments
AUM size ₹7677 Cr
This fund has AUM of ₹7677 Cr which is less than its category average of ₹ 9389 Cr
Expense Ratio 0.4%
This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions for Edelweiss Mid Cap Fund Direct Growth
The current NAV of Edelweiss Mid Cap Fund Direct Growth is ₹112.06 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Edelweiss Mid Cap Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.92% | -3.92% |
6 Month Returns | 14.72% | 14.72% |
1 Year Returns | 44.52% | 44.52% |
3 Years Returns | 93.27% | 24.56% |
5 Years Returns | 287.2% | 31.1% |
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.
0.4% as on October 2024
₹7677 Cr as on October 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 October 2024
Financial Services(21.61%), Industrial(17.3%), Consumer Cyclical(14.67%) as on October 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 | 14.38 | 4.02 | 3.86 |
As on October 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 | 0.87 | 0.9 | 0.92 |
As on October 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 | 2.93 | 1.28 | 1.2 |
As on October 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 | 14.24 | 14.77 | 20.65 |
As on October 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 2.74 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.73 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Edelweiss Mid Cap Fund Direct Growth is 1%