Equity
Direct
Sector - Technology
NAV as on 05-11-2024
₹ 11.71
Inception Returns
17.1%
/yr
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.
Edelweiss Technology Fund Direct Growth has given a CAGR return of 17.10% since inception.
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
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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
To provide long-term capital appreciation by investing predominantly in equity and equity-related securities of technology & technology-related companies.
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.
Expense ratio | 0.57% |
Benchmark | S&P BSE IT |
AUM | ₹652 Cr |
Inception Date | 5 March, 2024 |
Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 999.51% |
STCG | Redeeming before 1 year, returns taxed at 20%. |
LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
Risk | Very High Risk |
as on (05-Nov-24)
as on (30-Sep-24)
Top 3 Sectors in September were Tech, Communication & Industrial
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% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Edelweiss Technology Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Edelweiss Technology Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Edelweiss Technology Fund Direct Growth | - | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Edelweiss Technology Fund Direct Growth | - | - | - |