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 28-10-2024

₹ 25.43

-0.6%

1D

Inception Returns

22.2%

/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 ₹2251 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 1.4.

Returns

Edelweiss US Technology Equity Fund of Fund Direct Growth has given a CAGR return of 22.19% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 51.18% and 7.22% 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, Government, Real Estate, 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 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 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

Annualised

zero opening, trading, fund transfer fee
3416 people have invested ₹ 1.7Cr 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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3Y returns in the top 25% of 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 ratio1.41%
Benchmark
Russel 1000 Equal Weighted Technology
AUM₹2251 Cr
Inception Date2 March, 2020
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
0.01%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (28-Oct-24)

Period
Edelweiss US Technology Equity Fund of Fund Direct Growth
Global - Other Index
1M
3%
-
3M
9.2%
-
6M
13.2%
-
1Y
51.2%
-
3Y
7.2%
-

Fund Distribution

as on (31-Dec-69)

  • Equity 97.2%

  • Debt & Cash 2.8%

Sector Allocation

Sep'24

Aug'24

Jul'24

Tech
69.7%
Communication
13.7%
Consumer Cyclical
10.6%
Financial Services
3.5%
Health
2%
Real Estate
0.4%
  • Debt & Cash

Holdings
Weight%
1M Change
JPM US Technology I (acc) USD
JPM US Technology I (acc) USD
98.74%
-1.6%
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Bhavesh Jain
Bhavesh Jain
Fund Manager of Edelweiss US Technology Equity Fund of Fund Direct Growth, since 5 March 2020
Bharat Lahoti
Bharat Lahoti
Fund Manager of Edelweiss US Technology Equity Fund of Fund Direct Growth, since 1 October 2021
Fund House
Edelweiss Asset Management Limited
Total AUM
₹1.03L Cr
as on 30-Sep-2024
Address
Edelweiss House, Off C.S.T. Road, Kalina
Phone
91-22-40979900
Website
investor.amc@edelcap.com

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 22.19% since inception which is more than its category average return of 8.66%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.21% in Equity, 0.02% in Debt and 2.77% in Cash related instruments
AUM size ₹2251 Cr

AUM size ₹2251 Cr

This fund has AUM of ₹2251 Cr which is more than its category average of ₹ 526 Cr
Expense Ratio 1.41%

Expense Ratio 1.41%

This fund has an expense ratio of 1.41% which is less than its category average expense ratio of 1.43%

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 ₹25.43 as on 28-Oct-2024.
Existing (Absolute + CAGR) as on 28-Oct-2024.
Edelweiss US Technology Equity Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.99%
2.99%
6 Month Returns
13.23%
13.23%
1 Year Returns
51.18%
51.18%
3 Years Returns
23.28%
7.22%
5 Years Returns
0%
0%
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1.41% as on September 2024
₹2251 Cr as on September 2024
Tech(67.77%), Communication(13.36%), Consumer Cyclical(10.31%) as on September 2024
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 September 2024
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 September 2024
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
1.12
0.22
-
As on September 2024
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
23.27
27.87
-
As on September 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 0.34 as on September 2024. 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%