Edelweiss US Technology Equity Fund of Fund Direct Growth
Equity
Direct
Global - Other
NAV: ₹ 22.6 as on 30-04-2024
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 ₹2293 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 1.4.
Fund Performance
1980 people have invested ₹ 99.5L in Edelweiss US Technology Equity Fund of Fund Direct Growth in the last three months
Overview
 | 1.42% |
 Benchmark | Russel 1000 Equal Weighted Technology |
 | ₹2293 Cr |
 | 2 March, 2020 |
 | ₹100/₹100 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 1.63% |
Edelweiss US Technology Equity Fund of Fund Direct Growth Distribution as on (31-Dec-69)
Size breakup
Large cap
71.1%
Mid cap
22.4%
Small cap
5.5%
Sector Allocation
Tech
74.1%
Communication
13.9%
Consumer Cyclical
8.2%
Health
1.9%
Financial Services
1.4%
Real Estate
0.5%
Top Holdings of Edelweiss US Technology Equity Fund of Fund Direct Growth as on (30-Apr-24)
Debt Holdings1
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 JPM US Technology I (acc) USD | 99.98% | -0.5% |
INDmoney Rank
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Pros
3Y returns in the top 25% of the category
Larger AUM within category
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Bharat Lahoti
Fund Manager of Edelweiss US Technology Equity Fund of Fund Direct Growth, since 1 October 2021
Top funds managed
Bhavesh Jain
Fund Manager of Edelweiss US Technology Equity Fund of Fund Direct Growth, since 5 March 2020
Top funds managed
Edelweiss US Technology Equity Fund of Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 21.65% since inception which is more than its category average return of 6.93%
Fund Allocations
This fund has an allocation of 99% in Equity, 0.02% in Debt and 0.98% in Cash related instruments
AUM size ₹2293 Cr
This fund has AUM of ₹2293 Cr which is more than its category average of ₹ 511 Cr
Expense Ratio 1.42%
This fund has an expense ratio of 1.42% which is more than its category average expense ratio of 1.4%
Frequently Asked Questions
The current NAV of Edelweiss US Technology Equity Fund of Fund Direct Growth is ₹22.6 as on 30-Apr-2024.
Existing (Absolute + CAGR) as on 30-Apr-2024.
Edelweiss US Technology Equity Fund of Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4.72% | -4.72% |
6 Month Returns | 32.64% | 32.64% |
1 Year Returns | 52.78% | 52.78% |
3 Years Returns | 20.69% | 6.47% |
5 Years Returns | 0% | 0% |
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1.42% as on April 2024
₹2293 Cr as on April 2024
Tech(73.37%), Communication(13.72%), Consumer Cyclical(8.12%) as on April 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 April 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 April 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 | - | - | - |
As on April 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 | 26.98 | 27.92 | - |
As on April 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.
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%