Edelweiss Balanced Advantage Fund Direct Growth
About the Fund
Edelweiss Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 22 January, 2013. The fund is managed by Bharat Lahoti, Rahul Dedhia. This fund gives you the benefit of diversification.
Key Parameters
- Edelweiss Balanced Advantage Fund Direct Growth has ₹11721 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.4.
Returns
Edelweiss Balanced Advantage Fund Direct Growth has given a CAGR return of 13.67% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.51%, 14.78% and 17.99% respectively.
Holdings
Edelweiss Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Corporate, Government, Consumer Cyclical, Tech, Industrial, Energy, Consumer Defensive, Health, Utilities, Basic Materials, Communication, Real Estate, Securitize.
Taxation
As it is a dynamic asset allocation mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Edelweiss Balanced Advantage Fund Direct Growth
The primary objective of the Scheme is to generate capital appreciation with relatively lower volatility over a longer tenure of time. The Scheme will accordingly invest in equities, arbitrage opportunities and derivative strategies on the one hand and debt and money market instruments on the other. The Scheme may also invest in Infrastructure Investment Trusts and Real Estate Investment Trusts. However there is no assurance that the investment objective of the Scheme will be realized.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Balanced Advantage Fund Direct Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 0.4% |
Benchmark | null |
| AUM | ₹11721 Cr |
| Inception Date | 22 January, 2013 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 117.07% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 6.17% | 1.3% | |
 ICICI Bank Ltd | 4.69% | 0% | |
 Reliance Industries Ltd | 3.22% | 0% | |
 Axis Bank Ltd | 2.69% | 0% | |
 Bharti Airtel Ltd | 2.46% | 0% |
Mutual Fund Insights
Edelweiss Balanced Advantage Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹11721 Cr
Expense Ratio 0.4%
Frequently Asked Questions
Edelweiss Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.28% | 2.28% |
6 Month Returns | 14.16% | 14.16% |
1 Year Returns | 25.51% | 25.51% |
3 Years Returns | 51.21% | 14.78% |
5 Years Returns | 128.65% | 17.99% |
- 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.
AAA | 92.39 |