Edelweiss Technology Fund Direct Growth

Equity
Direct
Sector - Technology
Edelweiss Technology Fund Direct Growth

About the Fund

Edelweiss Technology Fund Direct Growth is an equity fund. This fund was started on 5 March, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Edelweiss Technology Fund Direct Growth has ₹477 Cr worth of assets under management (AUM) as on May 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Edelweiss Technology Fund Direct Growth has given a CAGR return of 12.05% since inception.

Holdings

Edelweiss Technology Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Industrial, Consumer Cyclical, Financial Services, Utilities. Its top holdings are Bharti Airtel Ltd, Infosys Ltd, Microsoft Corp, Apple Inc, NVIDIA Corp

Taxation

As it is a sector - technology 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Edelweiss Technology Fund Direct Growth

To provide long-term capital appreciation by investing predominantly in equity and equity-related securities of technology & technology-related companies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Technology Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
806 people have invested ₹ 26.9L in Edelweiss Technology Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.61%
Benchmark
S&P BSE IT
AUM₹477 Cr
Inception Date5 March, 2024
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 96.1%

  • Debt & Cash 3.9%

Large cap
64.1%
Mid cap
19.5%
Small cap
12.4%
Sector Allocation

May'24

Apr'24

Mar'24

Tech
68.7%
Communication
10.7%
Industrial
7.6%
Consumer Cyclical
6.9%
Financial Services
4%
Utilities
2.1%

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
Bharti Airtel Ltd
Bharti Airtel Ltd
9.11%
1.7%
Infosys Ltd
Infosys Ltd
8.7%
1.7%
Microsoft Corp
Microsoft Corp
5.91%
0%
Apple Inc
Apple Inc
5.7%
0%
NVIDIA Corp
NVIDIA Corp
4.91%
0%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Edelweiss Technology Fund Direct Growth
Edelweiss Technology Fund Direct Growth
-
-
-
12.1%
Franklin India Technology Fund Direct Growth
Franklin India Technology Fund Direct Growth
55.4%
18.9%
26.6%
21%
Tata Digital India Fund Direct Growth
Tata Digital India Fund Direct Growth
39.6%
16.7%
26.9%
21.7%
ICICI Prudential Technology Fund Direct Plan Growth
ICICI Prudential Technology Fund Direct Plan Growth
35.3%
14%
27.2%
22.8%
See all

Returns for the month of May

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Persistent Systems Ltd
Persistent Systems Ltd
31.2%
Tech Mahindra Ltd
Tech Mahindra Ltd
18.2%
Infosys Ltd
Infosys Ltd
13.2%

Edelweiss Technology Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 12.05% since inception (05nd Mar 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 96.11% in Equity, 0% in Debt and 3.89% in Cash related instruments
AUM size ₹477 Cr

AUM size ₹477 Cr

This fund has AUM of ₹477 Cr which is less than its category average of ₹ 2959 Cr
Expense Ratio 0.61%

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.26%

Frequently Asked Questions

The current NAV of Edelweiss Technology Fund Direct Growth is ₹11.21 as on 02-Jul-2024.
Existing (Absolute + CAGR) as on 02-Jul-2024.
Edelweiss Technology Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
12.93%
12.93%
6 Month Returns
0%
0%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.61% as on June 2024
₹477 Cr as on June 2024
Bharti Airtel Ltd(9.11%), Infosys Ltd(8.7%), Microsoft Corp(5.91%), Apple Inc(5.7%), NVIDIA Corp(4.91%) as on June 2024
Tech(65.99%), Communication(10.32%), Industrial(7.33%) as on June 2024
The alpha ratio for the Edelweiss Technology Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss Technology Fund Direct Growth
-
-
-
As on June 2024
The alpha for Edelweiss Technology Fund Direct Growth is calculated against S&P BSE IT. 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 Technology Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss Technology Fund Direct Growth
-
-
-
As on June 2024
The Beta for Edelweiss Technology Fund Direct Growth is calculated with S&P BSE IT. 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 Technology Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Edelweiss Technology Fund Direct Growth
-
-
-
As on June 2024
The sharpe ratio for Edelweiss Technology Fund Direct Growth is calculated with S&P BSE IT. 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 Technology Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Edelweiss Technology Fund Direct Growth
-
-
-
As on June 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.
The Exit load of Edelweiss Technology Fund Direct Growth is 1%