|Min SIP Amount||Not Supported|
|NAV||₹10.30 (30 Dec 2016)|
|Fund Started||09 Apr 2015|
|Fund Size||₹55 Cr|
Edelweiss Balanced Advantage Fund Direct (Ex) Growth is a Hybrid Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was made available to investors on 09 Apr 2015. Dhawal Dalal, Harshad Patwardhan is the Current Fund Manager of Edelweiss Balanced Advantage Fund Direct (Ex) Growth fund.The fund currently has an Asset Under Management(AUM) of ₹55 Cr and the Latest NAV as of 30 Dec 2016 is ₹10.30.
The Edelweiss Balanced Advantage Fund Direct (Ex) Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Exit load of 1% if redeemed within 12 months
The investment objective of the scheme is to generate long term capital appreciation and current income from a portfolio that is invested in equity and equity related securities as well as in fi xed income securities.However, there can be no assurance that the investment objective of the scheme will be realized or that income will be generated and the scheme does not assure or guarantee any returns.
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.