March 6, 2024
mayank
Edelweiss Equity Savings Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 23.9884
Monthly NAV IDCW: Rs 15.2946
NAV IDCW: Rs 17.4375
NAV Bonus: Rs 23.9965
Suitable For Which Investors?
“Equity-savings funds invest about a third of your money each in equity shares, bonds and arbitrage opportunities, though these proportions may vary a bit depending upon the market outlook of the fund manager. These funds are suitable for those who cannot withstand too much volatility in the value of their investments and are content with moderate returns which are slightly higher than fixed income options.
They may also suit those looking for a regular income from their accumulation. The debt and arbitrage portions of these funds can provide a moderate, but steady stream of income. The equity allocation, though adds a bit of volatility, but helps boost returns to keep up with the rate of inflation over the long term.
Invest only if your investment horizon is three years or more. To derive dependable income with some degree of inflation protection, invest your accumulated savings in these funds gradually over at least a few months, and then maintain a withdrawal rate in the range of 4-6 per cent of the value of your investment every year.”
Fund’s Investment Strategy:
The scheme seeks to provide capital appreciation and income distribution to the investors by using equity and equity related instruments, arbitrage opportunities and investments in debt and money market instruments.
Fund Manager:
1) 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.
2) 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.
3) Dhawal Dalal
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.
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 | 0.25% for redemption Within 30 days |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 13-Oct-14 |
| Return Since Launch | 9.76% |
| Benchmark | NIFTY Equity Savings TRI |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 368 Cr |
| (As on 31-Jan-2024) | |
| Expense | 0.59% |
| (As on 31-Jan-2024) | |
| Risk Grade | Below Average |
| Return Grade | Average |
| Turnover | 108.00% |
Trailing Returns (%) of Edelweiss Equity Savings Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Equity Savings Dir | 3.45 | 0.03 | 1.45 | 4.70 | 8.86 | 17.66 | 10.64 | 11.40 | 10.65 | — |
| VR MIP TRI | 2.56 | -0.08 | 1.54 | 4.89 | 8.54 | 16.28 | 9.46 | 9.90 | 9.37 | — |
| Hybrid: Equity Savings | 2.71 | -0.06 | 1.36 | 4.36 | 8.15 | 17.37 | 10.22 | 10.54 | 9.50 | — |
| Rank within category | 4 | 6 | 10 | 10 | 11 | 11 | 10 | 9 | 4 | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 19 | 14 | 1 |
Peer Comparison of Edelweiss Equity Savings 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 Equity Savings Dir | 5 star | 17.66 | 10.64 | 11.40 | 0.59 | 368 | 9.76 | 0.25 (30) | 9Y 4M | 108.00 |
| ICICI Pru Equity Savings Dir | 4 star | 11.73 | 8.88 | 9.08 | 0.50 | 8,774 | 8.65 | 0.25 (7) | 9Y 3M | 48.00 |
| Kotak Equity Savings Dir | 5 star | 20.10 | 12.64 | 11.94 | 0.77 | 4,330 | 10.37 | 1.00 (90) | 9Y 4M | 498.16 |
| SBI Equity Savings Dir | 4 star | 21.16 | 10.84 | 11.62 | 0.67 | 3,897 | 10.10 | 0.10 (15) | 8Y 9M | 475.00 |
| Mirae Asset Equity Savings Dir | 4 star | 19.34 | 11.45 | 13.06 | 0.31 | 868 | 12.82 | 1.00 (365) | 5Y 2M | 484.00 |
Portfolio Analysis of Edelweiss Equity Savings Fund
| Number of Stocks | 86 |
| Number of Bonds | 5 |
| Average Maturity (yrs) | 1.78 |
| Top 10 Holdings | 44.34% |
| Portfolio P/B Ratio | 2.94 |
| Portfolio P/E Ratio | 19.64 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,49,662 | 2,06,377 |
| Giant (%) | 50.21 | 59.72 |
| Large (%) | 24.23 | 22.89 |
| Mid (%) | 22.67 | 12.45 |
| Small (%) | 2.90 | 5.72 |
| Tiny (%) | — | — |
| Fund | Category | |
| Number of Securities | 129 | 98 |
| Macaulay Duration (yrs) | 1.62 | 1.94 |
| Average Maturity (yrs) | 1.78 | 2.65 |
| Yield to Maturity (%) | 7.04 | 7.30 |
| Avg Credit Rating | GOI/Cash | — |
How to Invest in Edelweiss Equity Savings Fund?
Chanakya’s Mutual Fund Guidance For Edelweiss Equity Savings Fund
Apply Online: https://invest.edelweissmf.com/home?distributoruuid=b9111455-759f-4eb8-bc2a-13927f656230
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