|Min SIP Amount||₹500|
|NAV||₹18.73 (07 Jul 2020)|
|Fund Started||28 Aug 2017|
|Fund Size||₹1,287 Cr|
Edelweiss Balanced Advantage Fund Direct Dividend Monthly is a Hybrid Mutual Fund Scheme launched by Edelweiss Mutual Fund. This scheme was made available to investors on 28 Aug 2017. Dhawal Dalal, Harshad Patwardhan is the Current Fund Manager of Edelweiss Balanced Advantage Fund Direct Dividend Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹1,287 Cr and the Latest NAV as of 07 Jul 2020 is ₹18.73.
The Edelweiss Balanced Advantage Fund Direct Dividend Monthly is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment,1% will be charged for redemption within 365 days
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.
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.