June 11, 2024
mayank
Edelweiss Business Cycle Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Edelweiss Business Cycle Fund Open Date, Close Date?
NFO opens on July 09, 2024
NFO will close on July 23, 2024
What is the Investment Strategy?
The scheme seeks to generate long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on navigating business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. There is no assurance that the investment objective of the Scheme will be achieved.
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Issue Open | 09 July 2024 |
| Issue Close | 23 July 2024 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 90 days |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
What is the Benchmark Index?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float
market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as
benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.19 | 8.62 | 33.85 | 16.57 | 10.92 |
| Total Return | 4.42 | 9.04 | 35.17 | 17.85 | 12.63 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 10.60 | 18.34 | 22.37 |
| Beta (NIFTY 50) | 0.98 | 0.95 | 0.93 |
| Correlation (NIFTY 50) | 0.94 | 0.98 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.48 | 4.25 | 1.08 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 6.78 |
| Reliance Industries Ltd | 5.70 |
| ICICI Bank Ltd. | 4.64 |
| Infosys Ltd. | 2.96 |
| Larsen & Toubro Ltd. | 2.55 |
| ITC Ltd. | 2.23 |
| Tata Consultancy Services Ltd. | 2.19 |
| Bharti Airtel Ltd. | 2.10 |
| Axis Bank Ltd. | 1.94 |
| State Bank of India | 1.88 |
Performance Review of the Fund Managers of Edelweiss Business Cycle Fund?
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.
Past Performance of his Schemes
| Fund | Edelweiss Large Cap Fund | It’s Benchmark | Edelweiss Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 32.05 | 31.21 | 24.82 | 24.20 |
| 3 Year | 17.16 | 16.85 | 12.94 | 14.05 |
| 5 Year | 16.68 | 16.91 | 14.79 | 14.33 |
| 7 Year | 14.77 | 15.23 | 12.37 | 13.49 |
| 10 Year | 14.13 | 13.66 | 11.85 | 12.20 |
As on 11-6-2024
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.
Past Performance of his Schemes
| Fund | Edelweiss Nifty 50 Index Fund | It’s Benchmark | Edelweiss Balanced Advantage Fund | It’s Benchmark |
| 1 Year | 26.09 | 31.21 | 24.82 | 24.20 |
| 3 Year | — | — | 12.94 | 14.05 |
| 5 Year | — | — | 14.79 | 14.33 |
| 7 Year | — | — | 12.37 | 13.49 |
| 10 Year | — | — | 11.85 | 12.20 |
As on 11-6-2024
Which Company Owns Edelweiss Business Cycle Fund?
Edelweiss Asset Management Ltd.
Address: Edelweiss House Off C.S.T. Road, Kalina Mumbai – 400098
Website: http://www.edelweissmf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Edelweiss Business Cycle Fund NFO?
Guidance for Edelweiss Business Cycle Fund by Paresh Gordhandas, C.A., Research Analyst.
A business cycle fund tries to take advantage of different phases of a company, sector and economy to earn maximum returns.
The Edelweiss Business Cycle Fund will have three baskets – quality, growth and value stocks. It will be following the factor investing methodology. Factor-based investing is an investment strategy that involves selecting securities based on certain characteristics or “factors” that have been historically linked to higher returns. These factors can be broad market drivers of returns, such as value, size, momentum, quality, volatility, and yield. The main factor which will be kept in mind will be momentum – which will help the Fund Manager decide the entry and exit points.
As is evident, in a fund such as this, the role of the Fund Manager is of prime importance. The Edelweiss Business Cycle Fund will be managed by the Co-Heads of Factor Investing – Mr. Bharat Lahoti and Mr. Bhavesh Jain. A sample study of the past performance of the Funds managed by these Fund Managers reveals a mixed bag of returns.
The benchmark for this fund is the Nifty 500.
Can invest a small amount and keep track.
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