Edelweiss Balanced Advantage Fund Direct Growth+0.29%

2Groww
-3.32%
1 Year Return
Hybrid
Balanced Advantage
2.0 star
6M
1Y
3Y
5Y
All

Fund Details

Edelweiss Balanced Advantage Fund Direct Growth

RiskModerately High
Min SIP Amount₹500
Expense Ratio0.85%
NAV24.2 (23 Aug 2019)
Fund Started21 Jan 2013
Fund Size1,432 Cr

Returns

1Y
3Y*
5Y*
Since inception*
Edelweiss Balanced Advantage Fund Direct Growth
-3.3%
7.6%
8.1%
10.2%
Category Average
-0.2%
5.8%
7.8%
-
Rank within category
15
5
4
-
*All returns are annualized.
SIP
Lumpsum
I want to invest per month5,000
    For how many years?
    1 Year
    3 Years
    5 Years
    Estimated Value
    as per Historical Returns
    30
    with -3.3% annual returns

    Comparison

    Data not available
    Pros
    1. 3Y Returns are higher than the benchmark
    2. 5Y Returns are higher than the benchmark
    Cons
    1. Risk is higher compared to the benchmark

    Top Holdings

    NameSectorInstrument% Assets
    HDFC Bank Ltd.FinancialFixed Deposits9.5%
    Reliance Nippon Life Asset Management Limited.FinancialEquity7.1%
    NIIT Technologies Ltd.TechnologyEquity6.7%
    HDFC Bank Ltd.FinancialEquity4.4%
    Tata Consultancy Services Ltd.TechnologyEquity3.6%
    Housing Development Finance Corpn. Ltd.FinancialEquity3.3%
    Reliance Industries Ltd.EnergyEquity3.1%
    ICICI Bank Ltd.FinancialEquity2.8%
    Bajaj Finance Ltd.FinancialEquity2.8%
    ITC Ltd.FMCGEquity2.5%
    See All

    Fund Managers

    addGautam Kaul
    Education
    Mr. Kaul is a B.Com (H) and MBA (Finance).
    Experience
    Prior to joining Edelweiss AMC he has worked with Religare Invesco AMC, Sahara India Asset Management Company Pvt. Ltd, IDBI AMC. and Mata Securities (India) Pvt. Ltd..
    Funds Managed
    addBharat Lahoti
    Education
    Mr. Lahoti is a B.E. (Electronics & Communication) from Mumbai University and MMS (Finance) from N L Dalmia Institute of Management Studies
    Experience
    Prior to joining Edelweiss Asset Management Limited as a Fund Manager - Equity and a Key Person , he was associated with D.E. Shaw India Software Pvt. Ltd. as a Senior Manager - Fundamental Research and has an overall work experience of 9 years in the research function of organizations in the financial services sector.
    Funds Managed

    Other Details

    Edelweiss Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was introduced to investors on 21 Jan 2013. Dhawal Dalal, Harshad Patwardhan is the Current Fund Manager of Edelweiss Balanced Advantage Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹1,432 Cr and the Latest NAV as of 23 Aug 2019 is ₹24.2.

    The Edelweiss Balanced Advantage Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 365 days.

    Investment Objective

    The primary objective of the Scheme will be to generate absolute returns with low volatility over a longer tenure of time. The Scheme will accordingly invest in arbitrage opportunities and debt and money market instruments on the one hand and in pure equity investments and equity derivative strategies on the other. However, there is no assurance that the investment objective of the Scheme will be realized.

    Tax Implications

    Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

    Scheme Information Document(SID)

    ₹5000
    Min for First Investment
    ₹500
    Min for Second Investment
    For units in excess of 10% of the investment,1% will be charged for redemption within 365 days
    Exit Load

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    About Edelweiss Mutual Fund

    Address
    Tower 3, Wing B, Ground Floor, Kohinoor City Mall, Kohinoor City, Kirol Road, Kurla(W), Mumbai 400070
    Phone
    +91 22 40979900
    Launch Date
    29 Apr 2008
    Edelweiss Mutual Fund
    Asset Management Company
    Custodian
    Standard Chartered Bank
    Registrar & Transfer Agent
    Karvy
    Address
    Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
    Invest Now
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    Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing.
    Past performance is not indicative of future returns. Please consider your specific investment requirements, risk tolerance, investment goal, time frame, risk and reward balance and the cost associated with the investment before choosing a fund, or designing a portfolio that suits your needs.
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