March 11, 2024
mayank
Edelweiss Technology Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 10.0374
NAV IDCW: Rs 10.0374
Suitable For Which Investors?
This is a fund that invests mainly in shares of companies in the information technology sector.
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. Click here to read a primer on SIP investing.
Fund’s Investment Strategy:
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of technology & technology-related companies.
Fund Manager:
1) Trideep Bhattacharya
Education: Mr. Bhattacharya is a B.Tech (Electrical Engineer), MBA (Finance)
Experience: Prior to joining Edelweiss Asset Management Limited he has worked with Axis Mutual Fund, State Street Global Advisors, UBS Global Asset Management and Kotak Securities.
2) Sahil Shah
Education: Mr. Shah has done B.Com and CFA
Experience: Prior to joining Edelweiss Asset Management Ltd, he has worked with Edelweiss Financial Services Ltd and Anagram Capital Ltd
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption Within 90 days |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 06-Mar-24 |
| Return Since Launch | 0.37% |
| Benchmark | S&P BSE Teck TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs — Cr |
| (As on ) | |
| Expense | –% |
| (As on ) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Edelweiss Technology Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss Technology Dir | — | — | — | — | — | — | — | — | — | — |
| S&P BSE IT TRI | — | — | — | — | — | — | — | — | — | — |
| Equity: Sectoral-Technology | — | — | — | — | — | — | — | — | — | — |
Peer Comparison of Edelweiss Technology 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 (%) | |
| ICICI Pru Technology Dir | Unrated | 31.24 | 20.46 | 25.79 | 0.87 | 12,224 | 22.97 | 1.00 (15) | 11Y 2M | 64.00 |
| Tata Digital India Dir | Unrated | 35.70 | 22.10 | 25.77 | 0.31 | 10,068 | 21.64 | 0.25 (30) | 8Y 2M | 24.58 |
| ABSL Digital India Dir | Unrated | 34.81 | 21.20 | 26.28 | 0.76 | 4,814 | 22.73 | 1.00 (30) | 11Y 2M | 32.00 |
| SBI Technology Opportunities Dir | Unrated | 27.52 | 22.09 | 24.71 | 0.84 | 3,828 | 21.63 | 0.50 (15) | 11Y 2M | 32.00 |
| Franklin India Technology Dir | Unrated | 53.88 | 19.61 | 24.4 | 1.18 | 1,366 | 20.49 | 1.00 (365) | 11Y 2M | 45.56 |
How to Invest in Edelweiss Technology Fund?
Chanakya’s Mutual Fund Guidance For Edelweiss Technology Fund
Do not invest in this, or any other technology sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://invest.edelweissmf.com/home?distributoruuid=b9111455-759f-4eb8-bc2a-13927f656230
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