|Min SIP Amount||₹500|
|NAV||₹19.64 (23 Oct 2020)|
|Fund Started||28 Aug 2017|
|Fund Size||₹1,585 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 ₹1,585 Cr and the Latest NAV as of 23 Oct 2020 is ₹19.64.
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 scheme will invest in arbitrage opportunities, equity derivative strategies, pure equity investments and the balance in debt and money market instruments.
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.