Edelweiss Multi Asset Allocation Fund Direct Growth

Edelweiss Multi Asset Allocation Fund Direct Growth is a hybrid fund. This fund was started on 23 June, 2023. The fund is managed by Dhawal Dalal, Bharat Lahoti, Bhavesh Jain. This fund gives you the benefit of diversification.

1. Edelweiss Multi Asset Allocation Fund Direct Growth has ₹1268 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
2. The fund has an expense ratio 0.4.
   

Edelweiss Multi Asset Allocation Fund Direct Growth has given a CAGR return of 8.08% since inception. Over the last 1 year the fund has given a CAGR return of 8.47%.

Edelweiss Multi Asset Allocation Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Corporate, Energy, Tech, Industrial, Communication, Consumer Cyclical, Basic Materials, Health, Real Estate, Consumer Defensive, Utilities.

As it is a multi 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 benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes. 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 for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Multi Asset Allocation Fund Direct Growth has no lock in period.