February 23, 2023
mayank
Edelweiss Exchange Traded Fund-Nifty Bank
NAV Growth: Rs 4,077.5239
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty Bank Index subject to tracking errors.
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.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 500 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 15-Dec-15 |
| Return Since Launch | 13.35% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 2 Cr |
| (As on 31-Jan-2023) | |
| Expense | 0.17% |
| (As on 31-Jan-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 13.00% |
Edelweiss Exchange Traded Fund-Nifty Bank Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss ETF Nifty Bank | -6.97 | -1.66 | -5.91 | -5.83 | 4.33 | 7.68 | 8.93 | 10.07 | 16.06 | — |
| S&P BSE Bankex TRI | -7.53 | -1.62 | -6.23 | -6.76 | 3.01 | 6.39 | 8.75 | 10.30 | 16.18 | — |
| Equity: Sectoral-Banking | -7.18 | -1.63 | -5.98 | -5.50 | 4.50 | 8.36 | 8.54 | 8.24 | 14.23 | — |
| Rank within category | 21 | 16 | 21 | 21 | 8 | 11 | 6 | 5 | 3 | — |
| Number of funds in category | 36 | 37 | 37 | 35 | 34 | 32 | 23 | 17 | 17 | 10 |
Edelweiss Exchange Traded Fund-Nifty Bank Peer Comparison
| Fund name | 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 ETF Nifty Bank | Unrated | 7.68 | 8.93 | 10.07 | 0.17 | 2 | 13.35 | — | 7yrs 2mo | 13.00 |
| Nippon Ind Banking & Fin Srvices Reg | 4 star | 8.09 | 10.03 | 8.27 | 2.02 | 3,868 | 20.25 | 1.00 (30) | 19yrs 9mo | 42.00 |
| SBI Banking & Fin Srvices Reg | 5 star | 2.76 | 6.00 | 10.97 | 1.90 | 3,807 | 11.96 | 0.50 (30) | 7yrs 12mo | 91.00 |
| Sundaram Fin Srvices Opp Reg | 4 star | 7.55 | 9.32 | 10.42 | 2.46 | 601 | 13.32 | 1.00 (365) | 14yrs 8mo | 73.00 |
| Nippon Ind ETF Nifty Bank BeES | Unrated | 7.64 | 8.60 | 9.82 | 0.19 | 6,641 | 16.50 | — | 18yrs 9mo | 30.00 |
Portfolio Analysis
| No. of Stocks | 13 |
| Top 10 Stocks | 97.08% |
| Top 5 Stocks | 82.15% |
| Top 3 Sectors | 99.90% |
| Portfolio P/B Ratio | 2.14 |
| Portfolio P/E Ratio | 16.52 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,74,668 | 2,65,692 |
| Giant (%) | 82.23 | 69.92 |
| Large (%) | 9.85 | 14.68 |
| Mid (%) | 7.92 | 11.72 |
| Small (%) | — | 6.80 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Edelweiss Exchange Traded Fund-Nifty Bank
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://invest.edelweissmf.com/distributor-link/b9111455-759f-4eb8-bc2a-13927f656230
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