Edelweiss US Technology Equity Fund of Fund Direct Growth

Edelweiss US Technology Equity Fund of Fund Direct Growth

Equity

Direct

Global - Other

NAV as on 24-03-2025

₹ 26.46

▲2.9%

1D

Inception Returns

21.2%

/yr

About Edelweiss US Technology Equity Fund of Fund Direct Growth

Edelweiss US Technology Equity Fund of Fund Direct Growth is an equity fund. This fund was started on 2 March, 2020. The fund is managed by Bhavesh Jain, Bharat Lahoti. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Edelweiss US Technology Equity Fund of Fund Direct Growth has ₹2816 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 1.5.

Returns

Edelweiss US Technology Equity Fund of Fund Direct Growth has given a CAGR return of 21.21% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.75%, 15.80% and 24.74% respectively.

Holdings

Edelweiss US Technology Equity Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Financial Services, Health, Corporate. Its top holdings are JPM US Technology I (acc) USD

Taxation

As it is a global - other mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Edelweiss US Technology Equity Fund of Fund Direct Growth

The primary investment objective of the scheme is to seek to provide long term capital growth by investing predominantly in JPMorgan Funds – US Technology Fund, an equity fund which invests primarily in US technologycompanies with strong fundamentals. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Minimum Investment and lockin period

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

Historical NAV & Returns

Absolute
▲
▼

zero opening, trading, fund transfer fee
7450 people have invested ₹ 7.5Cr in Edelweiss US Technology Equity Fund of Fund Direct Growth in the last three months

INDmoney Rank for Edelweiss US Technology Equity Fund of Fund Direct Growth

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IND ranking is not available for this fund.
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5Y returns in the top 25% of the category
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Among most bought funds within the category
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Larger AUM within category
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No bad points found for this fund.

Edelweiss US Technology Equity Fund of Fund Direct Growth Overview

Expense ratio1.46%
Benchmark
Russel 1000 Equal Weighted Technology
AUM₹2816 Cr
Inception Date2 March, 2020
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0.01%
STCGIf held for less than 24 months - slab rates.
LTCGIf held for more than 24 months - 12.5% without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (24-Mar-25)

Period
Edelweiss US Technology Equity Fund of Fund Direct Growth
Global - Other Index
1M
-8%
-
3M
-5.7%
-
6M
8.8%
-
1Y
11.8%
-
3Y
15.8%
-
5Y
24.7%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 96.6%

  • Debt & Cash 3.4%

Sector Allocation

Feb'25

Jan'25

Dec'24

Tech
61.5%
Communication
17.2%
Consumer Cyclical
13.4%
Financial Services
5.7%
Health
2.2%

  • Debt & Cash

Holdings
Weight%
1M Change
JPM US Technology I (acc) USD
JPM US Technology I (acc) USD
99.4%
3.9%

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Edelweiss US Technology Equity Fund of Fund Direct Growth
Edelweiss US Technology Equity Fund of Fund Direct Growth
11.75%
15.8%
24.74%
21.21%
DSP World Gold Fund of Fund Direct Plan Growth
DSP World Gold Fund of Fund Direct Plan Growth
55.11%
10.46%
15.43%
3.6%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth
44.91%
34.23%
-
28.05%
Motilal Oswal Nasdaq 100 Fund of Fund Direct Growth
Motilal Oswal Nasdaq 100 Fund of Fund Direct Growth
25.3%
19.31%
27.61%
24.47%
See all
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Bhavesh Jain
Bhavesh Jain
Fund Manager of Edelweiss US Technology Equity Fund of Fund Direct Growth, since 5 March 2020
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Edelweiss US Technology Equity Fund of Fund Direct Growth
15.22%
--
Edelweiss Arbitrage Fund Direct Growth
7.38%
6.48%
Edelweiss Balanced Advantage Fund Direct Plan Growth
12.24%
11.29%
Bharat Lahoti
Bharat Lahoti
Fund Manager of Edelweiss US Technology Equity Fund of Fund Direct Growth, since 1 October 2021
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Edelweiss US Technology Equity Fund of Fund Direct Growth
15.22%
--
Edelweiss Aggressive Hybrid Direct Plan Growth Option
17.96%
13.23%
Edelweiss Balanced Advantage Fund Direct Plan Growth
12.24%
11.29%
Fund House
Edelweiss Asset Management Limited
Total Schemes
53
See all Edelweiss schemes
Total AUM
₹1.07L Cr
as on 31-Jan-2025
Address
Edelweiss House, Off C.S.T. Road, Kalina
Phone
91-22-40979900
Website
investor.amc@edelcap.com

Mutual Fund Insights

Insights icon
In the last 5 years, Motilal Oswal Nasdaq 100 Fund of Fund Direct Growth has given 27.61% return, outperforming this fund by 2.99% per annum.
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In the last 1 year, Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth has given 93.37% return, outperforming this fund by 85.95%.
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In the last 3 years, Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has given 34.23% return, outperforming this fund by 19.01% per annum.
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Over the last 6 months, this fund has experienced a 29.1% growth in AUM moving from 2.18K Cr to 2.81K Cr.

Edelweiss US Technology Equity Fund of 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 an average annual returns of 21.21% since inception which is more than its category average return of 8.61%
Fund Allocations

Fund Allocations

This fund has an allocation of 96.57% in Equity, 0% in Debt and 3.43% in Cash related instruments
AUM size ₹2816 Cr

AUM size ₹2816 Cr

This fund has AUM of ₹2816 Cr which is more than its category average of ₹ 616 Cr
Expense Ratio 1.46%

Expense Ratio 1.46%

This fund has an expense ratio of 1.46% which is more than its category average expense ratio of 1.41%

Frequently Asked Questions for Edelweiss US Technology Equity Fund of Fund Direct Growth

The current NAV of Edelweiss US Technology Equity Fund of Fund Direct Growth is ₹26.46 as on 24-Mar-2025.
Existing (Absolute + CAGR) as on 24-Mar-2025.
Edelweiss US Technology Equity Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-8.03%
-8.03%
6 Month Returns
8.79%
8.79%
1 Year Returns
11.75%
11.75%
3 Years Returns
55.3%
15.8%
5 Years Returns
202.02%
24.74%
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1.46% as on February 2025
₹2816 Cr as on February 2025
Tech(59.36%), Communication(16.6%), Consumer Cyclical(12.94%) as on February 2025
The alpha ratio for the Edelweiss US Technology Equity Fund of Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss US Technology Equity Fund of Fund Direct Growth
-
-
-
As on February 2025
The alpha for Edelweiss US Technology Equity Fund of Fund Direct Growth is calculated against Russel 1000 Equal Weighted Technology. 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 US Technology Equity Fund of Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss US Technology Equity Fund of Fund Direct Growth
-
-
-
As on February 2025
The Beta for Edelweiss US Technology Equity Fund of Fund Direct Growth is calculated with Russel 1000 Equal Weighted Technology. 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 US Technology Equity Fund of Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Edelweiss US Technology Equity Fund of Fund Direct Growth
0.58
0.52
-
As on February 2025
The sharpe ratio for Edelweiss US Technology Equity Fund of Fund Direct Growth is calculated with Russel 1000 Equal Weighted Technology. 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 US Technology Equity Fund of Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Edelweiss US Technology Equity Fund of Fund Direct Growth
22.49
26.64
-
As on February 2025
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 0.9 as on February 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Bhavesh Jain, Bharat Lahoti are the fund managers of Edelweiss US Technology Equity Fund of Fund Direct Growth
The Exit load of Edelweiss US Technology Equity Fund of Fund Direct Growth is 1%