Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth

Equity
Direct
Global - Other
Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth

About the Fund

Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth is an equity fund. This fund was started on 7 February, 2014. The fund is managed by Bhavesh Jain, Bharat Lahoti. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth has ₹76 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 1.4.

Returns

Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth has given a CAGR return of 7.44% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 16.12%, 8.78% and 13.13% respectively.

Holdings

Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Financial Services, Energy, Consumer Cyclical, Health, Consumer Defensive, Basic Materials, Communication, Tech, Utilities, Corporate, Real Estate, Derivatives. Its top holdings are JPM Europe Dynamic I (acc) EUR

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 Europe Dynamic Equity Offshore Fund Direct Growth

The primary investment objective of the Scheme is to seek to provide long term capital growth by investing predominantly in the JPMorgan Funds - Europe Dynamic Fund, an equity fund which invests primarily in an aggressively managed portfolio of European companies. However, there can be 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 Europe Dynamic Equity Offshore Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
131 people have invested ₹ 2.3L in Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth in the last three months

INDmoney Rank

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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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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Fund Overview

Expense ratio1.35%
Benchmark
MSCI Europe NR LCL
AUM₹76 Cr
Inception Date7 February, 2014
Min Lumpsum/SIP₹100/₹100
Exit Load
1%
Lock InNo Lock-in
TurnOver
0.04%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-Dec-69)

  • Equity 100%

Sector Allocation

Jun'24

May'24

Apr'24

Industrial
23.2%
Financial Services
17.3%
Energy
11.6%
Consumer Cyclical
10.4%
Health
8.6%
Consumer Defensive
8.2%
Basic Materials
7.5%
Communication
6.5%
Tech
4.3%
Utilities
2.2%
Real Estate
0.1%

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
JPM Europe Dynamic I (acc) EUR
JPM Europe Dynamic I (acc) EUR
105.65%
0%

Bhavesh Jain
Bhavesh Jain
Fund Manager of Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth, since 9 April 2018
Bharat Lahoti
Bharat Lahoti
Fund Manager of Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth, since 1 October 2021

Mutual Fund Insights

Insights icon
In the last 3 years, Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has given 21.74% return, outperforming this fund by 12.19% per annum.
Insights icon
In the last 1 year, Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth has given 43.46% return, outperforming this fund by 28.34%.
Insights icon
Over the last 1 month, this fund has experienced a 8.7% drop in AUM moving from 83.52 Cr to 76.25 Cr.
Insights icon
In the last 5 years, Motilal Oswal Nasdaq 100 Fund of Fund Direct Growth has given 24.57% return, outperforming this fund by 11.63% per annum.

Edelweiss Europe Dynamic Equity Offshore 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 7.44% since inception which is less than its category average return of 8.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 101.46% in Equity, 0.03% in Debt and -2.63% in Cash related instruments
AUM size ₹76 Cr

AUM size ₹76 Cr

This fund has AUM of ₹76 Cr which is less than its category average of ₹ 520 Cr
Expense Ratio 1.35%

Expense Ratio 1.35%

This fund has an expense ratio of 1.35% which is less than its category average expense ratio of 1.4%

Frequently Asked Questions

The current NAV of Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth is ₹21.17 as on 22-Jul-2024.
Existing (Absolute + CAGR) as on 22-Jul-2024.
Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.49%
2.49%
6 Month Returns
14.36%
14.36%
1 Year Returns
16.12%
16.12%
3 Years Returns
28.72%
8.78%
5 Years Returns
85.27%
13.13%
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1.35% as on June 2024
₹76 Cr as on June 2024
Industrial(23.52%), Financial Services(17.58%), Energy(11.72%) as on June 2024
The alpha ratio for the Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth
-
-
-
As on June 2024
The alpha for Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth is calculated against MSCI Europe NR LCL. 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 Europe Dynamic Equity Offshore Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth
-
-
-
As on June 2024
The Beta for Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth is calculated with MSCI Europe NR LCL. 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 Europe Dynamic Equity Offshore Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth
0.53
0.18
0.45
As on June 2024
The sharpe ratio for Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth is calculated with MSCI Europe NR LCL. 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 Europe Dynamic Equity Offshore Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth
15.41
16.58
18.53
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.
Sortino ratio is 0.28 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Bhavesh Jain, Bharat Lahoti are the fund managers of Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth
The Exit load of Edelweiss Europe Dynamic Equity Offshore Fund Direct Growth is 1%