Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth

Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 11-12-2024

₹ 14.9

0.6%

1D

Inception Returns

12.9%

/yr

About Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth

Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth is an equity fund. This fund was started on 7 October, 2021. The fund is managed by Bhavesh Jain, Bharat Lahoti. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth has ₹140 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth has given a CAGR return of 12.87% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 22.18% and 15.38% respectively.

Holdings

Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Defensive, Tech, Consumer Cyclical, Industrial, Basic Materials, Financial Services, Energy, Health. Its top holdings are ITC Ltd, Infosys Ltd, HCL Technologies Ltd, Hindustan Unilever Ltd, Tata Consultancy Services Ltd

Taxation

As it is a index funds 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 Nifty 100 Quality 30 Index Fund Direct Growth

The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty 100 Quality 30 Index subject to tracking errors. 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 Nifty 100 Quality 30 Index Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1261 people have invested ₹ 1.2Cr in Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth in the last three months

Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth Overview

Expense ratio0.3%
Benchmark
Nifty 100 Quality 30 TR INR
AUM₹140 Cr
Inception Date7 October, 2021
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
38.42%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (31-Oct-24)

  • Equity 100%

Large cap
91.1%

Mid cap
8.9%

Sector Allocation

Oct'24

Sep'24

Aug'24

Consumer Defensive
28.9%
Tech
24.9%
Consumer Cyclical
13.9%
Industrial
11.7%
Basic Materials
7.9%
Financial Services
5%
Energy
4.7%
Health
3%
All changes are between Aug'24 and Oct'24
Oct'24
Sep'24
Aug'24
Fund Returns
-8.44%
2.61%
1.94%
Nifty 50
-6.17%
2.11%
0.90%
  • This fund’s returns stands at -8.44% whereas the fund’s underlying benchmark Nifty 50 returns stands at -6.17% as on Oct'24
  • This fund underperformed Nifty 50 by 2.27% in Oct'24
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 122.2 Cr
₹ 94.1 Cr
₹ 53.6 Cr
  • AUM of the fund stands at 122.2 Cr as of Oct'24
  • AUM increased by 28.1 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Divi's Laboratories Ltd's allocation increased from 2.55% to 3.03%
Divi's Laboratories Ltd's allocation increased from 2.55% to 3.03%
HDFC Bank Ltd's allocation increased from 4.55% to 5%
HDFC Bank Ltd's allocation increased from 4.55% to 5%
HCL Technologies Ltd's allocation increased from 5.02% to 5.42%
HCL Technologies Ltd's allocation increased from 5.02% to 5.42%
Top Stocks sold last month
Hindustan Unilever Ltd's allocation decreased from 5.46 % to 5.12 %
Hindustan Unilever Ltd's allocation decreased from 5.46 % to 5.12 %
Coal India Ltd's allocation decreased from 4.88 % to 4.75 %
Coal India Ltd's allocation decreased from 4.88 % to 4.75 %
Nestle India Ltd's allocation decreased from 4.85 % to 4.43 %
Nestle India Ltd's allocation decreased from 4.85 % to 4.43 %
Mid Cap allocation has gone down from 9.8% to 9.2%
Mid Cap allocation has gone down from 9.8% to 9.2%
Large Cap allocation has gone up from 90.4% to 91.3%
Large Cap allocation has gone up from 90.4% to 91.3%
Cash allocation has gone down from -0.2% to -0.6%
Cash allocation has gone down from -0.2% to -0.6%

Top 3 Sectors in October were Consumer Defensive, Tech & Consumer Cyclical

Oct'24
Consumer Defensive
29%
Tech
25%
Consumer Cyclical
14%
Sep'24
Consumer Defensive
30%
Tech
24%
Consumer Cyclical
15%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
33
33
33
Top 5 Company Concentration
26.9%
26.4%
27.1%
Company having highest exposure
ITC Ltd (5.7%)
ITC Ltd (5.5%)
Infosys Ltd (5.8%)
No of Sectors
8
8
8
Top 5 Sectors Concentration
87.3%
88.1%
88%
Sector having highest exposure
Consumer Defensive (28.9%)
Consumer Defensive (30.1%)
Consumer Defensive (29.6%)
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Bhavesh Jain
Bhavesh Jain
Fund Manager of Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth, since 25 May 2016
Bharat Lahoti
Bharat Lahoti
Fund Manager of Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth, since 1 October 2021
Fund House
Edelweiss Asset Management Limited
Total AUM
₹1.05L Cr
as on 31-Oct-2024
Address
Edelweiss House, Off C.S.T. Road, Kalina
Phone
91-22-40979900
Website
investor.amc@edelcap.com

Edelweiss Nifty 100 Quality 30 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 12.87% since inception which is less than its category average return of 17.83%
Fund Allocations

Fund Allocations

This fund has an allocation of 100.03% in Equity, 0% in Debt and -0.03% in Cash related instruments
AUM size ₹140 Cr

AUM size ₹140 Cr

This fund has AUM of ₹140 Cr which is less than its category average of ₹ 806 Cr
Expense Ratio 0.3%

Expense Ratio 0.3%

This fund has an expense ratio of 0.3% which is less than its category average expense ratio of 0.53%

Frequently Asked Questions for Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth

The current NAV of Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth is ₹14.9 as on 11-Dec-2024.
Existing (Absolute + CAGR) as on 11-Dec-2024.
Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.01%
1.01%
6 Month Returns
3.95%
3.95%
1 Year Returns
22.18%
22.18%
3 Years Returns
53.6%
15.38%
5 Years Returns
0%
0%
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0.3% as on November 2024
₹140 Cr as on November 2024
ITC Ltd(5.69%), Infosys Ltd(5.62%), HCL Technologies Ltd(5.42%), Hindustan Unilever Ltd(5.12%), Tata Consultancy Services Ltd(5.1%) as on November 2024
Consumer Defensive(27.97%), Tech(26.56%), Consumer Cyclical(13.5%) as on November 2024
The alpha ratio for the Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth
-
-
-
As on November 2024
The alpha for Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth is calculated against Nifty 100 Quality 30 TR 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 Nifty 100 Quality 30 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth
-
-
-
As on November 2024
The Beta for Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth is calculated with Nifty 100 Quality 30 TR 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 Nifty 100 Quality 30 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 Nifty 100 Quality 30 Index Fund Direct Growth
1.07
0.73
-
As on November 2024
The sharpe ratio for Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth is calculated with Nifty 100 Quality 30 TR 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 Nifty 100 Quality 30 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 Nifty 100 Quality 30 Index Fund Direct Growth
14.53
13.35
-
As on November 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 1.27 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Bhavesh Jain, Bharat Lahoti are the fund managers of Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth
The Exit load of Edelweiss Nifty 100 Quality 30 Index Fund Direct Growth is 0%