Edelweiss Recently Listed IPO Fund Direct Growth

Equity
Direct
Equity - Other
Edelweiss Recently Listed IPO Fund Direct Growth

About the Fund

Edelweiss Recently Listed IPO Fund Direct Growth is an equity fund. This fund was started on 26 February, 2018. The fund is managed by Bharat Lahoti, Bhavesh Jain. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Edelweiss Recently Listed IPO Fund Direct Growth has ₹946 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.8.

Returns

Edelweiss Recently Listed IPO Fund Direct Growth has given a CAGR return of 17.32% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.93%, 14.74% and 25.21% respectively.

Holdings

Edelweiss Recently Listed IPO Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Industrial, Health, Financial Services, Consumer Cyclical, Tech, Consumer Defensive, Communication, Basic Materials. Its top holdings are Jyoti CNC Automation Ltd, JSW Infrastructure Ltd, KFin Technologies Ltd, Mankind Pharma Ltd, Concord Biotech Ltd

Taxation

As it is a equity - 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 Recently Listed IPO Fund Direct Growth

The investment objective of the Scheme is to seek to provide capital appreciation by investing in equity and equity related securities of recently listed 100 companies or upcoming Initial Public Offers (IPOs).

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Edelweiss Recently Listed IPO Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
2632 people have invested ₹ 55.8L in Edelweiss Recently Listed IPO Fund Direct Growth in the last three months

Fund Overview

Expense ratio0.77%
Benchmark
India Recent 100 IPO TR INR
AUM₹946 Cr
Inception Date26 February, 2018
Min Lumpsum/SIP₹100/₹100
Exit Load
2%
Lock InNo Lock-in
TurnOver
49.47%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.4%

  • Debt & Cash 0.6%

Small cap
67.4%

Mid cap
7%

Large cap
4.8%

Sector Allocation

Jun'24

May'24

Apr'24

Industrial
37.4%
Health
17.4%
Financial Services
14.1%
Consumer Cyclical
13.6%
Tech
9.2%
Consumer Defensive
5.2%
Communication
2.1%
Basic Materials
1%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
TBO Tek Ltd
11.9%

Bharat Lahoti
Bharat Lahoti
Fund Manager of Edelweiss Recently Listed IPO Fund Direct Growth, since 26 February 2018
Bhavesh Jain
Bhavesh Jain
Fund Manager of Edelweiss Recently Listed IPO Fund Direct Growth, since 26 February 2018

Mutual Fund Insights

Insights icon
In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 43.68% return, outperforming this fund by 28.94% per annum.
Insights icon
In the last 1 year, HDFC Defence Fund Direct Growth has given 125.25% return, outperforming this fund by 89.32%.
Insights icon
In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 33.78% return, outperforming this fund by 8.58% per annum.
Insights icon
Over the last 1 month, this fund has decreased expense ratio by 19.8% moving from 0.96 to 0.77.
Insights icon
This fund expense ratio is slightly on the lower side within the category (equity - other). Its expense ratio is 0.77% which is lower than the category average expense ratio of 1.12%.
Insights icon
Over the last 3 months, this fund has experienced a 5.4% growth in AUM moving from 897.42 Cr to 946.31 Cr.

Edelweiss Recently Listed IPO 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 17.32% since inception which is less than its category average return of 25.57%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.44% in Equity, 0% in Debt and 0.56% in Cash related instruments
AUM size ₹946 Cr

AUM size ₹946 Cr

This fund has AUM of ₹946 Cr which is less than its category average of ₹ 2230 Cr
Expense Ratio 0.77%

Expense Ratio 0.77%

This fund has an expense ratio of 0.77% which is less than its category average expense ratio of 1.23%

Frequently Asked Questions

The current NAV of Edelweiss Recently Listed IPO Fund Direct Growth is ₹27.76 as on 18-Jul-2024.
Existing (Absolute + CAGR) as on 18-Jul-2024.
Edelweiss Recently Listed IPO Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.13%
2.13%
6 Month Returns
17.76%
17.76%
1 Year Returns
35.93%
35.93%
3 Years Returns
51.07%
14.74%
5 Years Returns
207.73%
25.21%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.77% as on June 2024
₹946 Cr as on June 2024
Jyoti CNC Automation Ltd(5.15%), JSW Infrastructure Ltd(4.51%), KFin Technologies Ltd(4.22%), Mankind Pharma Ltd(3.76%), Concord Biotech Ltd(3.6%) as on June 2024
Industrial(37.22%), Health(17.32%), Financial Services(14.01%) as on June 2024
The alpha ratio for the Edelweiss Recently Listed IPO Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss Recently Listed IPO Fund Direct Growth
-
-
-
As on June 2024
The alpha for Edelweiss Recently Listed IPO Fund Direct Growth is calculated against India Recent 100 IPO 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 Recently Listed IPO Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss Recently Listed IPO Fund Direct Growth
-
-
-
As on June 2024
The Beta for Edelweiss Recently Listed IPO Fund Direct Growth is calculated with India Recent 100 IPO 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 Recently Listed IPO Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Edelweiss Recently Listed IPO Fund Direct Growth
1.91
0.67
0.95
As on June 2024
The sharpe ratio for Edelweiss Recently Listed IPO Fund Direct Growth is calculated with India Recent 100 IPO 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 Recently Listed IPO Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Edelweiss Recently Listed IPO Fund Direct Growth
15.07
17.42
19.72
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 1.08 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Bharat Lahoti, Bhavesh Jain are the fund managers of Edelweiss Recently Listed IPO Fund Direct Growth
The Exit load of Edelweiss Recently Listed IPO Fund Direct Growth is 2%