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Home>Mutual Funds>Edelweiss Mutual Fund>Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly

Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly

Debt
Banking and PSU
Moderate Risk
7.62%
3Y annualised
+0.05% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 01 Jul 2022₹10.37
Min. SIP amount₹500
Rating2
Fund size₹406.95Cr

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns2.1%7.6%7.6%8.3%
Category average4.4%8.4%7.7%NA
Rank with in category1811NA
Understand terms

Holdings (26)

NameSectorInstrumentAssets
Housing & Urban Development Corporation Ltd.FinancialDebenture7.5%
National Bank For Agriculture & Rural Development
FinancialDebenture7.5%
Indian Oil Corporation Ltd.EnergyDebenture7.1%
Indian Railway Finance Corporation Ltd.FinancialNCD7.1%
NTPC Ltd.EnergyDebenture6.2%
GOI
SovereignGOI Sec5.8%
REC Ltd.FinancialNCD4.7%
Hindustan Petroleum Corporation Ltd.EnergyDebenture4.6%
Food Corporation of India
Consumer StaplesDebenture4.5%
Power Finance Corporation Ltd.FinancialBonds/NCD3.8%
See All

Pros and cons

Category: Debt Banking and PSU

Pros

Cons

Higher alpha: 7.5 The fund has generated returns higher than benchmark - NIFTY Banking and PSU Debt Index - in the last 3Y
Lower AUM: 406Cr. Funds with lower AUM tend to have higher expense ratio
Exit load is zero
Consistently lower annualised returns than category average for the past 1Y, 3Y and 5Y
Lower expense ratio: 0.34%
Low rating: 2
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality

Expense ratio, exit load and tax

Expense ratio: 0.34%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹500
Min. for SIP₹500

Fund management

Dhawal Dalal
Nov 2016 - Present
View details

Education
Mr. Dalal is a B.E and MBA.
Experience
Prior to joining Edelweiss AMC he has worked with DSP Mutual Fund, Merrill Lynch Asset Management, Private Client Group and MLAM.
Also manages these schemes

Rahul Dedhia
Nov 2021 - Present
View details

Education
Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA - Finance.
Experience
Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
801- 802 & 803 - 8th Floor,Windsor Off C.S.T. Road,Kalina-Santacruz (E), Mumbai 400098
Phone
40933400 / 1800-425-0090
Launch Date
30 Apr 2008
Website
NA
Amc Image
Edelweiss Mutual Fund
Asset Management Company
Custodian
Standard Chartered Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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FAQs

How to Invest in Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly?

You can easily invest in Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly provide?

The Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly has been there from 13 Sep 2013 and the average annual returns provided by this fund is 2.08% since its inception.

How much expense ratio is charged by Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly?

The term Expense Ratio used for Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly is 0.34% as of 03 Jul 2022...

What is the AUM of Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly?

The AUM, short for Assets Under Management of Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly is ₹406.95Cr as of 03 Jul 2022.

How to Redeem Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly?

If you want to sell your Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly?

You can select either SIP or Lumpsum investment of Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly based on your investment objective and risk tolerance.

What is the NAV of Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly?

The NAV of Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly is ₹10.37 as of 01 Jul 2022.

What is the PE and PB ratio of Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly?

The PE ratio ratio of Edelweiss Banking and PSU Debt Fund Direct IDCW Weekly is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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