Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth

Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth

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NAV: ₹ 17.56 as on 23-05-2024

About the Fund

Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth is an equity fund. This fund was started on 26 October, 2020. The fund is managed by Bhavesh Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth has ₹141 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.5.
Fund Performance
zero opening, trading, fund transfer fee
2237 people have invested ₹ 12.5L in Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.49%
Benchmark
Benchmark
MSCI Ind Dom & Wld HealthC 45 NR INR
AUM
AUM
₹141 Cr
Inception Date
Inception Date
26 October, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
9.07%

Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 100%

  • Debt & Cash 0%

Size breakup

Large cap
68.5%
Mid cap
23.7%
Small cap
7.8%
Sector Allocation

Apr'24

Mar'24

Feb'24

Health
100%

Top Holdings of Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth as on (30-Apr-24)

  • Equity

Equity Holdings45

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
-1.03%
1.24%
3.36%
S&P BSE Healthcare
0.64%
-0.05%
1.32%
  • This fund’s returns stands at -1.03% whereas the fund’s underlying benchmark S&P BSE Healthcare returns stands at 0.64% as on Apr'24
  • This fund underperformed S&P BSE Healthcare by 1.66% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 140.9 Cr
₹ 143.2 Cr
₹ 141.5 Cr
  • AUM of the fund stands at 140.9 Cr as of Apr'24
  • AUM decreased by 2.3 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

INDmoney Rank

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Pros

Hold on while we find any good points for this fund.

Cons

3Y returns in the bottom 25% of the category

Fund Manager

Bhavesh Jain
Bhavesh Jain
Fund Manager of Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth, since 1 October 2021

Edelweiss MSCI India Domestic & World Healthcare 45 Index 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 17.06% since inception which is less than its category average return of 20.41%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.99% in Equity, 0% in Debt and 0.01% in Cash related instruments
AUM size ₹141 Cr

AUM size ₹141 Cr

This fund has AUM of ₹141 Cr which is less than its category average of ₹ 717 Cr
Expense Ratio 0.49%

Expense Ratio 0.49%

This fund has an expense ratio of 0.49% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth is ₹17.56 as on 23-May-2024.
Existing (Absolute + CAGR) as on 23-May-2024.
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3.38%
3.38%
6 Month Returns
17.39%
17.39%
1 Year Returns
40.85%
40.85%
3 Years Returns
45.68%
13.36%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.49% as on April 2024
₹141 Cr as on April 2024
Sun Pharmaceuticals Industries Ltd(13.78%), Cipla Ltd(7.02%), Dr Reddy's Laboratories Ltd(6.92%), Max Healthcare Institute Ltd Ordinary Shares(6.24%), Apollo Hospitals Enterprise Ltd(5.72%) as on April 2024
The alpha ratio for the Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth
-
-
-
As on April 2024
The alpha for Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth is calculated against MSCI Ind Dom & Wld HealthC 45 NR INR. 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 MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth
-
-
-
As on April 2024
The Beta for Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth is calculated with MSCI Ind Dom & Wld HealthC 45 NR INR. 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 MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth
2.04
0.65
-
As on April 2024
The sharpe ratio for Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth is calculated with MSCI Ind Dom & Wld HealthC 45 NR INR. 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 MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth
13.54
13.17
-
As on April 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 1.06 as on April 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Bhavesh Jain is the fund manager of Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth
The Exit load of Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Direct Growth is 0%