Edelweiss Technology Fund Direct Growth
Equity
Direct
Sector - Technology
NAV as on 21-11-2024
₹ 11.92
▲0.1%
1D
Inception Returns
19.2%
/yr
About Edelweiss Technology Fund Direct Growth
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
- Edelweiss Technology Fund Direct Growth has ₹647 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Edelweiss Technology Fund Direct Growth has given a CAGR return of 19.20% 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, Apple Inc, HCL Technologies Ltd, Tech Mahindra Ltd
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 benefitDividends 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.
Historical NAV & Returns
Annualised
▲
▼
1306 people have invested ₹ 41.6L in Edelweiss Technology Fund Direct Growth in the last three months
Edelweiss Technology Fund Direct Growth Overview
| Expense ratio | 0.56% |
Benchmark | S&P BSE IT |
| AUM | ₹647 Cr |
| Inception Date | 5 March, 2024 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 999.51% |
| 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)
Large cap
41.8%
Mid cap
19.9%
Small cap
14.1%
Sector Allocation
Tech
68.3%
Communication
10.1%
Industrial
8.1%
Consumer Cyclical
7%
Financial Services
4.9%
Utilities
1.7%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -2.89% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 3.62% in Oct'24
- AUM of the fund stands at 652.4 Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
HCL Technologies Ltd's allocation increased from 4.22% to 4.78%
PB Fintech Ltd's allocation increased from 3.06% to 3.54%
NVIDIA Corp's allocation increased from 3.99% to 4.42%
Top Stocks sold last month
Bharti Airtel Ltd's allocation decreased from 8.98 % to 8.89 %
Infosys Ltd's allocation decreased from 8.77 % to 8.58 %
Apple Inc's allocation decreased from 5.07 % to 4.98 %
Mid Cap allocation has gone up from 19.7% to 19.9%
Large Cap allocation has gone down from 42.4% to 41.8%
Small Cap allocation has gone up from 13.3% to 14.1%
Cash allocation has gone down from 3.4% to 3%
Top 3 Sectors in October were Tech, Communication & Industrial
Oct'24
Tech
68%
Communication
10%
Industrial
8%
Sep'24
Tech
68%
Communication
10%
Industrial
9%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Bharti Airtel Ltd | 8.89% | 4% | |
 Infosys Ltd | 8.58% | 3.5% | |
 Apple Inc | 4.98% | 0% | |
 HCL Technologies Ltd | 4.78% | 14.1% | |
 Tech Mahindra Ltd | 4.72% | 6.6% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Coforge Ltd | 18.9% |
 Zensar Technologies Ltd | 3% |
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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
Edelweiss Technology 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 returns of 19.20% since inception (5th March 2024)
Fund Allocations
This fund has an allocation of 97.04% in Equity, 0% in Debt and 2.96% in Cash related instruments
AUM size ₹647 Cr
This fund has AUM of ₹647 Cr which is less than its category average of ₹ 2941 Cr
Expense Ratio 0.56%
This fund has an expense ratio of 0.56% which is less than its category average expense ratio of 1.15%
Frequently Asked Questions for Edelweiss Technology Fund Direct Growth
The current NAV of Edelweiss Technology Fund Direct Growth is ₹11.92 as on 21-Nov-2024.
Existing (Absolute + CAGR) as on 21-Nov-2024.
Edelweiss Technology Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.23% | -1.23% |
6 Month Returns | 18.76% | 18.76% |
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.
0.56% as on October 2024
₹647 Cr as on October 2024
Bharti Airtel Ltd(8.89%), Infosys Ltd(8.58%), Apple Inc(4.98%), HCL Technologies Ltd(4.78%), Tech Mahindra Ltd(4.72%) as on October 2024
Tech(66.27%), Communication(9.78%), Industrial(7.84%) as on October 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 October 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 October 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 October 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 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.
The Exit load of Edelweiss Technology Fund Direct Growth is 1%