Edelweiss Recently Listed IPO Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 21-11-2024
₹ 27.82
1D
Inception Returns
16.4%
/yr
About Edelweiss Recently Listed IPO Fund Direct Growth
Edelweiss Recently Listed IPO Fund Direct Growth is an equity fund. This fund was started on 26 February, 2018. The fund is managed by Bharat Lahoti, Bhavesh Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- Edelweiss Recently Listed IPO Fund Direct Growth has ₹937 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 1.
Returns
Edelweiss Recently Listed IPO Fund Direct Growth has given a CAGR return of 16.41% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.16%, 8.83% and 22.74% respectively.
Holdings
Edelweiss Recently Listed IPO Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Consumer Cyclical, Health, Financial Services, Tech, Communication, Consumer Defensive, Basic Materials. Its top holdings are JSW Infrastructure Ltd, Jyoti CNC Automation Ltd, Bharti Hexacom Ltd, ASK Automotive Ltd, Happy Forgings Ltd
Taxation
As it is a equity - other 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 Recently Listed IPO Fund Direct Growth
The investment objective of the Scheme is to seek to provide capital appreciation by investing in equity and equity related securities of recently listed 100 companies or upcoming Initial Public Offers (IPOs).
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Recently Listed IPO Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
3609 people have invested ₹ 75.2L in Edelweiss Recently Listed IPO Fund Direct Growth in the last three months
Edelweiss Recently Listed IPO Fund Direct Growth Overview
| Expense ratio | 1.01% |
Benchmark | Nifty IPO TR INR |
| AUM | ₹937 Cr |
| Inception Date | 26 February, 2018 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 2.0% |
| Lock In | No Lock-in |
TurnOver | 61.93% |
| 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 (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
Small cap
60.6%
Mid cap
12%
Large cap
2%
Sector Allocation
Industrial
32.9%
Consumer Cyclical
20%
Health
15.4%
Financial Services
12.3%
Tech
8.9%
Communication
4.1%
Consumer Defensive
3.9%
Basic Materials
2.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -5.28% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.23% in Oct'24
- AUM of the fund stands at 937 Cr as of Oct'24
- AUM decreased by 53.4 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Premier Energies Ltd's allocation increased from 0.74% to 2.4%
Baazar Style Retail Ltd's allocation increased from 0.5% to 1.06%
Bajaj Housing Finance Ltd's allocation increased from 2.64% to 3.11%
Top Stocks sold last month
JSW Infrastructure Ltd's allocation decreased from 4.53 % to 4.07 %
Jyoti CNC Automation Ltd's allocation decreased from 4.16 % to 4.03 %
Happy Forgings Ltd's allocation decreased from 3.36 % to 3.22 %
Mid Cap allocation has gone down from 12.1% to 12%
Large Cap allocation has gone down from 2.8% to 2%
Small Cap allocation has gone down from 68.2% to 60.6%
Cash allocation has gone up from 1.9% to 4.3%
Top 3 Sectors in October were Industrial, Health & Consumer Cyclical
Oct'24
Industrial
33%
Consumer Cyclical
20%
Health
15%
Sep'24
Industrial
38%
Health
18%
Consumer Cyclical
14%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Updater Services Ltd | 7.4% |
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Bharat Lahoti
Fund Manager of Edelweiss Recently Listed IPO Fund Direct Growth, since 26 February 2018
Top funds managed
Bhavesh Jain
Fund Manager of Edelweiss Recently Listed IPO Fund Direct Growth, since 26 February 2018
Top funds managed
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 31.2% moving from 0.77 to 1.01.
In the last 1 year, HDFC Defence Fund Direct Growth has given 54.09% return, outperforming this fund by 31.94%.
In the last 3 years, SBI PSU Direct Growth has given 34.11% return, outperforming this fund by 25.28% per annum.
Over the last 1 month, this fund has experienced a 5.4% drop in AUM moving from 990.45 Cr to 937.01 Cr.
In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 32.59% return, outperforming this fund by 9.86% per annum.
Edelweiss Recently Listed IPO 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 16.41% since inception which is more than its category average return of 16.31%
Fund Allocations
This fund has an allocation of 95.7% in Equity, 0% in Debt and 4.3% in Cash related instruments
AUM size ₹937 Cr
This fund has AUM of ₹937 Cr which is less than its category average of ₹ 2245 Cr
Expense Ratio 1.01%
This fund has an expense ratio of 1.01% which is less than its category average expense ratio of 1.21%
Frequently Asked Questions for Edelweiss Recently Listed IPO Fund Direct Growth
The current NAV of Edelweiss Recently Listed IPO Fund Direct Growth is ₹27.82 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Edelweiss Recently Listed IPO Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -3.99% | -3.99% |
6 Month Returns | 9.77% | 9.77% |
1 Year Returns | 22.16% | 22.16% |
3 Years Returns | 28.9% | 8.83% |
5 Years Returns | 178.55% | 22.74% |
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.
1.01% as on October 2024
₹937 Cr as on October 2024
JSW Infrastructure Ltd(4.07%), Jyoti CNC Automation Ltd(4.03%), Bharti Hexacom Ltd(3.8%), ASK Automotive Ltd(3.45%), Happy Forgings Ltd(3.22%) as on October 2024
Industrial(31.48%), Consumer Cyclical(19.18%), Health(14.78%) as on October 2024
The alpha ratio for the Edelweiss Recently Listed IPO Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Edelweiss Recently Listed IPO Fund Direct Growth | - | - | - |
As on October 2024
The alpha for Edelweiss Recently Listed IPO Fund Direct Growth is calculated against Nifty IPO 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 Recently Listed IPO Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Edelweiss Recently Listed IPO Fund Direct Growth | - | - | - |
As on October 2024
The Beta for Edelweiss Recently Listed IPO Fund Direct Growth is calculated with Nifty IPO 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 Recently Listed IPO Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Edelweiss Recently Listed IPO Fund Direct Growth | 1.42 | 0.35 | 0.9 |
As on October 2024
The sharpe ratio for Edelweiss Recently Listed IPO Fund Direct Growth is calculated with Nifty IPO 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 Recently Listed IPO Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Edelweiss Recently Listed IPO Fund Direct Growth | 15.32 | 17.18 | 19.44 |
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 0.53 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Bharat Lahoti, Bhavesh Jain are the fund managers of Edelweiss Recently Listed IPO Fund Direct Growth
The Exit load of Edelweiss Recently Listed IPO Fund Direct Growth is 2%