March 11, 2024
mayank
Edelweiss US Technology Equity FoF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
NAV Growth: Rs 23.6478
Suitable For Which Investors?
This is a fund that invests mainly in shares of foreign companies. 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.
International equity funds are suitable to invest a part of your money in for diversification, so that if the Indian markets are going through a sharp correction, a portion of your money is insulated. But make sure you invest in a fund that has a broad mandate of investing in companies of different sizes, sectors and countries.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide long term capital growth by investing predominantly in JPMorgan Funds – US Technology Fund, an equity fund which invests primarily in US technology companies with strong fundamentals.
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.
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 | 1% for redemption Within 90 days |
Basic Details
| Fund House | Edelweiss Mutual Fund |
| Launch Date | 05-Mar-20 |
| Return Since Launch | 23.95% |
| Benchmark | Russel 1000 Equal Weighted Technology |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 2,276 Cr |
| (As on 29-Feb-2024) | |
| Expense | 1.47% |
| (As on 31-Jan-2024) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Edelweiss US Technology Equity FoF
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Edelweiss US Technology Equity FoF Dir | 11.50 | 0.66 | 5.01 | 20.41 | 25.58 | 57.64 | 11.92 | — | — | — |
| S&P BSE 500 TRI | 5.35 | 0.28 | 1.80 | 9.42 | 17.74 | 38.10 | 18.90 | — | — | — |
Peer Comparison of Edelweiss US Technology Equity FoF
| 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 US Technology Equity FoF Dir | Unrated | 57.64 | 11.92 | — | 1.47 | 2,276 | 23.95 | 1.00 (90) | 4Y | — |
| Motilal Oswal Nasdaq 100 FOF Dir | Unrated | 47.20 | 17.45 | 23.95 | 0.19 | 4,612 | 24.08 | 1.00 (15) | 5Y 3M | — |
| Franklin India Feeder Franklin US Opp Dir | Unrated | 48.27 | 11.45 | 18.16 | 0.52 | 3,568 | 17.76 | 1.00 (365) | 11Y 2M | 2.44 |
| Kotak Nasdaq 100 FOF Dir | Unrated | 48.79 | 18.73 | — | 0.31 | 2,908 | 14.51 | — | 3Y 1M | 2.01 |
| PGIM India Global Equity Opportunities Dir | Unrated | 47.04 | 8.66 | 18.75 | 1.43 | 1,439 | 10.61 | 0.50 (90) | 11Y 2M | 187.00 |
How to Invest in Edelweiss US Technology Equity FoF?
Chanakya’s Mutual Fund Guidance For Edelweiss US Technology Equity FoF
Do not invest in this, or any other international equity 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
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