Edelweiss US Technology Equity Fund of Fund Direct Growth

Edelweiss US Technology Equity Fund of Fund Direct Growth

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Equity
Direct
Global - Other
NAV: ₹ 23.46 as on 27-02-2024
Fund Performance
zero opening, trading, fund transfer fee
1942 people have invested ₹ 73.2L in Edelweiss US Technology Equity Fund of Fund Direct Growth in the last three months

INDmoney Rank of Edelweiss US Technology Equity Fund of Fund Direct Growth

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IND ranking is not available for this fund.

Pros

3Y returns in the top 25% of the category
Larger AUM within category

Cons

No bad points found for this fund.

About the Edelweiss US Technology Equity Fund of Fund Direct Growth

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

  1. Edelweiss US Technology Equity Fund of Fund Direct Growth has ₹2144 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 1.5.

Edelweiss US Technology Equity Fund of Fund Direct Growth Overview

Expense ratio
Expense ratio
1.47%
Benchmark
Benchmark
Russel 1000 Equal Weighted Technology
AUM
AUM
₹2144 Cr
Inception Date
Inception Date
2 March, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
1.63%

Edelweiss US Technology Equity Fund of Fund Direct Growth Distribution as on (31-Dec-69)

  • Equity 99.3%

  • Debt & Cash 0.7%

Size breakup

Large cap
71.6%
Mid cap
20.2%
Small cap
7.5%
Sector Allocation

Jan'24

Dec'23

Nov'23

Tech
72.1%
Communication
13.4%
Consumer Cyclical
10.5%
Real Estate
1.6%
Health
1.5%
Financial Services
0.9%

Top Holdings of Edelweiss US Technology Equity Fund of Fund Direct Growth as on (31-Jan-24)

  • Debt & Cash

Debt Holdings1
Holdings
Weight%
1M Change
JPM US Technology I (acc) USD
JPM US Technology I (acc) USD
100.13%
-2.2%

Edelweiss US Technology Equity Fund of Fund Direct Growth Fund Manager

Bharat Lahoti
Bharat Lahoti
Fund Manager of Edelweiss US Technology Equity Fund of Fund Direct Growth, since 1 October 2021
Bhavesh Jain
Bhavesh Jain
Fund Manager of Edelweiss US Technology Equity Fund of Fund Direct Growth, since 5 March 2020

Edelweiss US Technology Equity Fund of 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 23.84% since inception which is more than its category average return of 6.89%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.34% in Equity, 0% in Debt and 0.66% in Cash related instruments
AUM size ₹2144 Cr

AUM size ₹2144 Cr

This fund has AUM of ₹2144 Cr which is more than its category average of ₹ 467 Cr
Expense Ratio 1.47%

Expense Ratio 1.47%

This fund has an expense ratio of 1.47% which is more than its category average expense ratio of 1.41%

Frequently Asked Questions

The current NAV of Edelweiss US Technology Equity Fund of Fund Direct Growth is ₹23.46 as on 27-Feb-2024.
Existing (Absolute + CAGR) as on 27-Feb-2024.
Edelweiss US Technology Equity Fund of Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
6.01%
6.01%
6 Month Returns
30.82%
30.82%
1 Year Returns
59.46%
59.46%
3 Years Returns
27.69%
8.49%
5 Years Returns
0%
0%
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1.47% as on January 2024
₹2144 Cr as on January 2024
Tech(71.61%), Communication(13.33%), Consumer Cyclical(10.43%) as on January 2024
The alpha ratio for the Edelweiss US Technology Equity Fund of Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Edelweiss US Technology Equity Fund of Fund Direct Growth
-
-
-
As on January 2024
The alpha for Edelweiss US Technology Equity Fund of Fund Direct Growth is calculated against Russel 1000 Equal Weighted Technology. 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 US Technology Equity Fund of Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Edelweiss US Technology Equity Fund of Fund Direct Growth
-
-
-
As on January 2024
The Beta for Edelweiss US Technology Equity Fund of Fund Direct Growth is calculated with Russel 1000 Equal Weighted Technology. 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 US Technology Equity Fund of Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Edelweiss US Technology Equity Fund of Fund Direct Growth
1.53
0.18
-
As on January 2024
The sharpe ratio for Edelweiss US Technology Equity Fund of Fund Direct Growth is calculated with Russel 1000 Equal Weighted Technology. 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 US Technology Equity Fund of Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Edelweiss US Technology Equity Fund of Fund Direct Growth
26.65
27.85
-
As on January 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 0.28 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Bharat Lahoti, Bhavesh Jain are the fund managers of Edelweiss US Technology Equity Fund of Fund Direct Growth
The Exit load of Edelweiss US Technology Equity Fund of Fund Direct Growth is 1%