Edelweiss US Technology Equity Fund of Fund Direct Growth
About the Fund
Edelweiss US Technology Equity Fund of Fund Direct Growth is an equity fund. This fund was started on 2 March, 2020. The fund is managed by Bharat Lahoti, Bhavesh Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- Edelweiss US Technology Equity Fund of Fund Direct Growth has ₹2337 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 1.3.
Returns
Edelweiss US Technology Equity Fund of Fund Direct Growth has given a CAGR return of 21.73% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 27.44% and 6.44% respectively.
Holdings
Edelweiss US Technology Equity Fund of Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech, Communication, Consumer Cyclical, Financial Services, Health, Government, Derivatives. Its top holdings are JPM US Technology I (acc) USD
Taxation
As it is a global - 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Edelweiss US Technology Equity Fund of Fund Direct Growth
The primary investment objective of the scheme is to seek to provide long term capital growth by investing predominantly in JPMorgan Funds – US Technology Fund, an equity fund which invests primarily in US technologycompanies with strong fundamentals. 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 US Technology Equity Fund of Fund Direct Growth has no lock in period.
INDmoney Rank
Fund Overview
| Expense ratio | 1.28% |
Benchmark | Russel 1000 Equal Weighted Technology |
| AUM | ₹2337 Cr |
| Inception Date | 2 March, 2020 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 1% |
| Lock In | No Lock-in |
TurnOver | 1.63% |
| Risk |   Very High Risk |
Fund Distributionas on (31-Dec-69)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 JPM US Technology I (acc) USD | 100.18% | -0.7% |
Edelweiss US Technology Equity Fund of Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹2337 Cr
Expense Ratio 1.28%
Frequently Asked Questions
Edelweiss US Technology Equity Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.42% | -2.42% |
6 Month Returns | 6.98% | 6.98% |
1 Year Returns | 27.44% | 27.44% |
3 Years Returns | 20.6% | 6.44% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Edelweiss US Technology Equity Fund of Fund Direct Growth | - | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Edelweiss US Technology Equity Fund of Fund Direct Growth | - | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Edelweiss US Technology Equity Fund of Fund Direct Growth | 1.12 | 0.22 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Edelweiss US Technology Equity Fund of Fund Direct Growth | 23.18 | 27.57 | - |