Edelweiss Technology Fund Direct Growth

Edelweiss Technology Fund Direct Growth

Equity

Direct

Sector - Technology

NAV as on 05-11-2024

₹ 11.71

Inception Returns

17.1%

/yr

About Edelweiss Technology Fund Direct Growth

Edelweiss Technology Fund Direct Growth is an equity fund. This fund was started on 5 March, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Edelweiss Technology Fund Direct Growth has ₹652 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.6.

Returns

Edelweiss Technology Fund Direct Growth has given a CAGR return of 17.10% since inception.

Holdings

Edelweiss Technology Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Industrial, Consumer Cyclical, Financial Services, Utilities. Its top holdings are Bharti Airtel Ltd, Infosys Ltd, Apple Inc, Microsoft Corp, Tech Mahindra Ltd

Taxation

As it is a sector - technology 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 Technology Fund Direct Growth

To provide long-term capital appreciation by investing predominantly in equity and equity-related securities of technology & technology-related companies.

Minimum Investment and lockin period

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

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
1306 people have invested ₹ 40.3L in Edelweiss Technology Fund Direct Growth in the last three months

Edelweiss Technology Fund Direct Growth Overview

Expense ratio0.57%
Benchmark
S&P BSE IT
AUM₹652 Cr
Inception Date5 March, 2024
Min Lumpsum/SIP₹100/₹100
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
999.51%
STCGRedeeming 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

Trailing Returns

as on (05-Nov-24)

Period
Edelweiss Technology Fund Direct Growth
Nifty 500
sector - technology
1M
-2.1%
-2.1%
-3.1%
3M
6.7%
2.6%
5.2%
6M
20.2%
10.4%
23%

Fund Distribution

as on (30-Sep-24)

  • Equity 96.6%

  • Debt & Cash 3.4%

Large cap
42.4%

Mid cap
19.7%

Small cap
13.3%

Sector Allocation

Sep'24

Aug'24

Jul'24

Tech
67.8%
Communication
10.4%
Industrial
8.5%
Consumer Cyclical
7%
Financial Services
4.4%
Utilities
1.8%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
0.21%
3.43%
6.00%
Nifty 500
2.04%
0.97%
3.53%
  • This fund’s returns stands at 0.21% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
  • This fund underperformed Nifty 500 by 1.83% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 634 Cr
₹ 634 Cr
₹ 592.6 Cr
  • AUM of the fund stands at 634 Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24
Top Stocks bought last month
Coforge Ltd's allocation increased from 2.86% to 3.38%
Coforge Ltd's allocation increased from 2.86% to 3.38%
Bharti Airtel Ltd's allocation increased from 8.58% to 8.98%
Bharti Airtel Ltd's allocation increased from 8.58% to 8.98%
Persistent Systems Ltd's allocation increased from 3.24% to 3.62%
Persistent Systems Ltd's allocation increased from 3.24% to 3.62%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 9.35 % to 8.77 %
Infosys Ltd's allocation decreased from 9.35 % to 8.77 %
Apple Inc's allocation decreased from 5.14 % to 5.07 %
Apple Inc's allocation decreased from 5.14 % to 5.07 %
Tech Mahindra Ltd's allocation decreased from 4.6 % to 4.3 %
Tech Mahindra Ltd's allocation decreased from 4.6 % to 4.3 %
Large Cap allocation has gone up from 41.2% to 42.4%
Large Cap allocation has gone up from 41.2% to 42.4%
Small Cap allocation has gone up from 13.3% to 13.3%
Small Cap allocation has gone up from 13.3% to 13.3%
Mid Cap allocation has gone down from 20.7% to 19.7%
Mid Cap allocation has gone down from 20.7% to 19.7%
Cash allocation has gone up from 3% to 3.4%
Cash allocation has gone up from 3% to 3.4%

Top 3 Sectors in September were Tech, Communication & Industrial

Sep'24
Tech
68%
Communication
10%
Industrial
9%
Aug'24
Tech
68%
Communication
10%
Industrial
9%
  • Equity

Holdings
Weight%
1M Change
Bharti Airtel Ltd
Bharti Airtel Ltd
8.98%
0%
Infosys Ltd
Infosys Ltd
8.77%
0%
Apple Inc
Apple Inc
5.07%
0%
Microsoft Corp
Microsoft Corp
4.51%
0%
Tech Mahindra Ltd
Tech Mahindra Ltd
4.3%
0%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
83
83
83
Top 5 Company Concentration
31.6%
32.2%
33%
Company having highest exposure
Bharti Airtel Ltd (9%)
Infosys Ltd (9.3%)
Infosys Ltd (9.6%)
No of Sectors
6
6
6
Top 5 Sectors Concentration
98.2%
98.2%
98%
Sector having highest exposure
Tech (67.8%)
Tech (67.9%)
Tech (68.4%)
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Fund House
Edelweiss Asset Management Limited
Total AUM
₹1.03L Cr
as on 30-Sep-2024
Address
Edelweiss House, Off C.S.T. Road, Kalina
Phone
91-22-40979900
Website
investor.amc@edelcap.com

Edelweiss Technology 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 returns of 17.10% since inception (5th March 2024)
Fund Allocations

Fund Allocations

This fund has an allocation of 96.59% in Equity, 0% in Debt and 3.41% in Cash related instruments
AUM size ₹652 Cr

AUM size ₹652 Cr

This fund has AUM of ₹652 Cr which is less than its category average of ₹ 3109 Cr
Expense Ratio 0.57%

Expense Ratio 0.57%

This fund has an expense ratio of 0.57% which is less than its category average expense ratio of 1.14%

Frequently Asked Questions for Edelweiss Technology Fund Direct Growth

The current NAV of Edelweiss Technology Fund Direct Growth is ₹11.71 as on 05-Nov-2024.
Existing (Absolute + CAGR) as on 05-Nov-2024.
Edelweiss Technology Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.13%
-2.13%
6 Month Returns
20.22%
20.22%
1 Year Returns
0%
0%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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.
0.57% as on October 2024
₹652 Cr as on October 2024
Bharti Airtel Ltd(8.98%), Infosys Ltd(8.77%), Apple Inc(5.07%), Microsoft Corp(4.51%), Tech Mahindra Ltd(4.3%) as on October 2024
Tech(65.54%), Communication(10.04%), Industrial(8.22%) as on October 2024
The alpha ratio for the Edelweiss Technology Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss Technology Fund Direct Growth
-
-
-
As on October 2024
The alpha for Edelweiss Technology Fund Direct Growth is calculated against S&P BSE IT. 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 Technology Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss Technology Fund Direct Growth
-
-
-
As on October 2024
The Beta for Edelweiss Technology Fund Direct Growth is calculated with S&P BSE IT. 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 Technology Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Edelweiss Technology Fund Direct Growth
-
-
-
As on October 2024
The sharpe ratio for Edelweiss Technology Fund Direct Growth is calculated with S&P BSE IT. 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 Technology Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Edelweiss Technology Fund Direct Growth
-
-
-
As on October 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.
The Exit load of Edelweiss Technology Fund Direct Growth is 1%