February 28, 2024
mayank
Edelweiss Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 50.7500
Quarterly NAV IDCW: Rs 26.6200
Monthly NAV IDCW: Rs 26.4200
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.
These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.
Like for all equity-linked investments, you must invest only through the SIP route.
Investment Strategy:
The scheme will invest in arbitrage opportunities, equity derivative strategies, pure equity investments and the balance in debt and money market instruments.
Fund Manager:
1) Bharat 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.
2) Bhavesh Jain
Education: Mr. Jain is a MMS (Finance) from Mumbai University.
Experience: Prior to joining Edelweiss Mutual Fund he was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
3) Rahul Dedhia
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.
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 1 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption Within 90 days |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 13.27% |
| Benchmark | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 10,349 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.52% |
| (As on 31-Jan-2024) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 71.00% |
Trailing Returns (%) of Edelweiss Balanced Advantage Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Balanced Advantage Dir | 4.34 | 0.20 | 4.60 | 11.46 | 14.90 | 26.75 | 14.53 | 16.59 | 14.21 | 14.10 |
| VR Balanced TRI | 2.30 | 0.30 | 3.80 | 11.26 | 14.29 | 26.46 | 15.08 | 15.32 | 13.99 | 13.67 |
| Hybrid: Dynamic Asset Allocation | 3.88 | 0.09 | 3.24 | 10.22 | 14.56 | 26.27 | 13.91 | 13.65 | 11.18 | 12.45 |
| Rank within category | 10 | 7 | 4 | 10 | 13 | 16 | 8 | 3 | 1 | 1 |
| Number of funds in category | 34 | 35 | 35 | 33 | 33 | 31 | 24 | 20 | 13 | 7 |
Peer Comparison of Edelweiss Balanced Advantage Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Edelweiss Balanced Advantage Dir | 4 star | 26.75 | 14.53 | 16.59 | 0.52 | 10,349 | 13.27 | 0.52 | 11Y 1M | 71.00 |
| HDFC Balanced Advantage Dir | 5 star | 41.98 | 24.29 | 20.58 | 0.75 | 77,011 | 16.38 | 0.75 | 11Y 1M | 14.27 |
| ICICI Pru Balanced Advantage Dir | 4 star | 22.08 | 13.60 | 14.03 | 0.87 | 54,142 | 13.34 | 0.87 | 11Y 1M | 27.00 |
| Tata Balanced Advantage Dir | 4 star | 25.17 | 14.58 | 15.16 | 0.30 | 8,517 | 14.93 | 0.3 | 5Y 1M | 39.63 |
| Sundaram Balanced Advantage Dir | 4 star | 22.85 | 13.20 | 13.89 | 0.61 | 1,524 | 12.18 | 0.61 | 11Y 1M | 258.00 |
Portfolio Analysis of Edelweiss Balanced Advantage Fund
| No. of Stocks | 103 |
| Top 10 Holdings | 28.27% |
| Top 5 Stocks | 18.73% |
| Top 3 Sectors | 37.10% |
| Portfolio P/B Ratio | 3.60 |
| Portfolio P/E Ratio | 21.28 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,04,036 | 2,07,485 |
| Giant (%) | 54.23 | 58.36 |
| Large (%) | 28.16 | 20.29 |
| Mid (%) | 16.28 | 17.31 |
| Small (%) | 1.33 | 4.71 |
| Tiny (%) | — | 0.03 |
| Fund | Category | |
| Number of Securities | 155 | 114 |
| Macaulay Duration (yrs) | 1.72 | 2.68 |
| Average Maturity (yrs) | 1.91 | 3.73 |
| Yield to Maturity (%) | 7.32 | 7.46 |
| Avg Credit Rating | AAA | — |
How to Invest in Edelweiss Balanced Advantage Fund?
Chanakya’s Mutual Fund Guidance For Edelweiss Balanced Advantage Fund
Do not invest in this, or any other dynamic asset allocation fund, if you need to redeem your investment in less than five years.
Apply Online: https://invest.edelweissmf.com/home?distributoruuid=b9111455-759f-4eb8-bc2a-13927f656230
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
>> Chanakya’s Mutual Fund Guidance on YouTube
https://www.youtube.com/c/ChanakyaNiPothi
>> Join Chanakya MF’s Telegram Channel @
https://t.me/chanakyaMFGuidance
Quicklinks
https://sahifund.com/bank-of-india-balanced-advantage-fund/