Edelweiss Multi Asset Allocation Fund Direct - IDC...
NAV as of Aug 30, 2024
10.950.00%
(Earn upto 0.31% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Multi Asset Allocation
Expense Ratio:
0.40%(0.47% Category
average)Fund Size:
Rs. 1,015.53 Cr(0.82% of Investment in Category)
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Edelweiss Multi Asset Allocation Fund Direct - IDCW
NAV as of Aug 30, 2024
10.950.00%
Expense Ratio:
0.40%
Fund Size:
Rs. 1,015.53 Cr
Fund Category:
Hybrid: Multi Asset Allocation
1. Current NAV: The Current Net Asset Value of the Edelweiss Multi Asset Allocation Fund - Direct Plan as of Aug 30, 2024 is Rs 10.95 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 8.1% (1yr) and 7.98% (since launch). Whereas, Category returns for the same time duration are: 27.35% (1yr), 15.08% (3yr) and 16.35% (5yr).
3. Fund Size: The Edelweiss Multi Asset Allocation Fund - Direct Plan currently holds Assets under Management worth of Rs 1015.53 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.4% for Direct plan as on Aug 10, 2024.
5. Exit Load: Edelweiss Multi Asset Allocation Fund - Direct Plan shall attract an Exit Load, "Exit load of 0.1%, if redeemed within 30 days."
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Edelweiss Multi Asset Allocation Fund Direct - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.84 2.12 4.33 7.99 - - Category Avg 1.21 6.96 13.20 26.48 15.00 17.16 Rank within Category 17 20 17 12 - - No. of funds within Category 22 21 17 12 9 6 - Loading...
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Return Comparison
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Edelweiss Multi Asset Allocation Fund Direct - IDCW Fund Details
Investment Objective - The Scheme seeks to provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes.
Fund House | Edelweiss Mutual Fund |
Launch Date | Jun 23, 2023 |
Benchmark | Domestic Price of Silver |
Return Since Launch | 7.96% |
Riskometer | Low |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Edelweiss Multi Asset Allocation Fund Direct - IDCW Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit load of 0.1%, if redeemed within 30 days. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 132 129 138 118 120 117 Top 5 Company Holdings 29.13% 30.06% 27.17% 31.16% 33.77% 33.62% Top 10 Company Holdings 46.27% 48.55% 44.94% 51.17% 53.46% 49.67% Company with Highest Exposure HDB Financial Services (7.41%) HDB Financial Services (7.65%) GOI (7.16%) GOI (8.21%) GOI (9.0%) GOI (9.39%) Number of Sectors - - 1 - - - Top 3 Sector Holdings - - 0.01% - - - Top 5 Sector Holdings - - 0.01% - - - Sector with Highest Exposure - - Consumer Staples (0.01%) - - -
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 3.44 18.27 89.60 3.03 Reliance Industries Energy 2.84 29.72 101.60 25.68 Hindustan Aeronautics Capital Goods 2.59 37.97 123.27 136.16 Adani Enterprises Services 2.29 85.59 35.27 20.50 Coal India Materials 1.92 8.85 59.34 129.42 State Bank of India Financial 1.74 10.55 77.28 41.69 Vodafone Idea Communication 1.64 -3.65 -4.28 83.15 The Federal Bank Financial 1.33 11.83 16.46 35.63 Voltas Consumer Discretionary 1.28 126.26 13.81 110.67 ONGC Energy 1.08 9.43 35.08 87.59
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Edelweiss Multi Asset Allocation Fund Direct - IDCW 10.95 Unrated 1,015.53 0.84 7.99 - - Quant Multi Asset Fund Direct-IDCW 130.30 2,605.27 -0.56 43.63 25.20 30.10 Nippon India Asset Allocator FoF Direct-IDCW 20.60 244.80 0.82 31.45 19.86 - ICICI Prudential Multi Asset Fund Direct-IDCW 54.70 46,488.14 1.09 32.43 23.14 23.10 UTI Multi Asset Allocation Fund Direct-IDCW 33.39 2,912.96 2.36 42.65 19.79 17.92
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Edelweiss Mutual Fund News
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- Mango Millionaire: Radhika Gupta announces new book on investing
Fund Manager
- B.J.Bhavesh JainSince Jun 202315 schemes
- B.L.Bharat LahotiSince Jun 20239 schemes
- R.D.Rahul DedhiaSince Jul 202418 schemes
- A.V.Amit VoraSince Jul 20240 schemes
- P.K.Pranavi KulkarniSince Aug 202411 schemes
Mr. Jain is a MMS (Finance) from Mumbai University. Prior to joining Edelweiss Mutual Fund he was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
Mr. Lahoti is a B.E. (Electronics & Communication) from Mumbai University and MMS (Finance) from N L Dalmia Institute of Management Studies 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Edelweiss Equity Savings Fund Direct-IDCW Equity Savings 18.93 450.33 18.77 Edelweiss Aggressive Hybrid Fund Direct-IDCW Aggressive Hybrid 35.20 1,951.63 39.71 Edelweiss Large Cap Fund Direct -IDCW Large Cap 42.03 1,043.39 40.76 Edelweiss Gold and Silver ETF FoF Direct - IDCW Gold 14.36 100.32 16.26 Edelweiss Business Cycle Fund Direct-IDCW Thematic 10.16 Unrated 1,709.75 - Edelweiss Nifty Midcap150 Momentum 50 Index Fund Direct - IDCW Mid Cap 19.69 Unrated 568.54 65.25 Edelweiss Nifty 50 Index Fund Direct - IDCW Large Cap 14.46 Unrated 84.92 32.10 Edelweiss Nifty 100 Quality 30 Index Fund Direct - IDCW Thematic 15.47 Unrated 47.42 42.57 Edelweiss Recently Listed IPO Fund Direct-IDCW Thematic 28.83 Unrated 948.07 33.40 Mr. Dedhia is a B.E. (Electronics) and also holds a PGeMBA - Finance. Prior to joining Edelweiss Mutual Fund, he has worked with PGIM India Mutual Fund as Assistant Fund Manager.
Mr. Vora has done B.Com from University of Mumbai Antique Stock Broking Ltd, D.E. Shaw India Securities Pvt. Ltd, Derivium Tradition Securities (India) Pvt Ltd, Tower Capital & Securities Pvt Ltd and B&K Securities
No schemes for the Fund Manager
Ms. Kulkarni is a BE Computer Science, MBA Finance Prior to joining Edelweiss Mutual Fund, she has worked with CRISIL Ltd. and Yes Bank.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Edelweiss Aggressive Hybrid Fund Direct-IDCW Aggressive Hybrid 35.20 1,951.63 39.71 Edelweiss Equity Savings Fund Direct-IDCW Equity Savings 18.93 450.33 18.77 Edelweiss Liquid Direct-IDCW Liquid 3,213.60 5,428.32 7.50 Edelweiss Arbitrage Fund Direct-IDCW Arbitrage 13.97 12,007.18 8.35 Edelweiss Money Market Fund Direct-IDCW Money Market 27.41 485.17 7.47 BHARAT Bond FOF - April 2025 Direct-IDCW Target Maturity 12.30 Unrated 4,819.51 7.16 BHARAT Bond FOF - April 2030 Direct-IDCW Target Maturity 13.95 Unrated 6,847.41 8.23 BHARAT Bond ETF FOF - April 2033 Direct - IDCW Target Maturity 11.50 Unrated 2,172.80 8.95 BHARAT Bond ETF FOF - April 2032 Direct - IDCW Target Maturity 11.72 Unrated 4,435.25 8.26 Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund Direct - IDCW Short Duration 11.29 Unrated 150.30 8.23 BHARAT Bond FOF - April 2031 Direct-IDCW Target Maturity 12.48 Unrated 4,571.15 8.34
More Edelweiss Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Edelweiss Arbitrage Fund Direct-Growth | 11,768.88 | 0.69 | 2.15 | 4.51 | 8.61 | 6.51 | |
Edelweiss Balanced Advantage Fund Direct-Growth | 11,281.66 | 3.09 | 8.87 | 13.15 | 26.40 | 14.93 | |
Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - Growth | 10,073.56 | 0.63 | 1.89 | 3.78 | 6.98 | 5.36 | |
BHARAT Bond FOF - April 2030 Direct - Growth | 6,767.58 | 0.99 | 1.65 | 4.55 | 6.64 | 5.58 | |
Edelweiss Mid Cap Direct Plan-Growth | 5,863.60 | 11.08 | 25.36 | 28.54 | 59.98 | 30.06 | |
Edelweiss Liquid Direct-Growth | 5,095.66 | 0.62 | 1.91 | 3.83 | 7.43 | 5.83 | |
BHARAT Bond FOF - April 2025 Direct - Growth | 4,981.09 | 0.67 | 1.92 | 3.89 | 7.19 | 4.99 | |
BHARAT Bond FOF - April 2031 Direct - Growth | 4,554.13 | 0.64 | 1.54 | 3.85 | 6.58 | 5.31 | |
BHARAT Bond ETF FOF - April 2032 Direct - Growth | 4,373.51 | 0.92 | 1.65 | 4.59 | 6.24 | - | |
Edelweiss Small Cap Fund Direct - Growth | 3,421.55 | 8.77 | 22.71 | 20.83 | 51.69 | 30.03 |
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1. Edelweiss Multi Asset Allocation Fund - Direct Plan is Open-ended Multi Asset Allocation Hybrid scheme which belongs to Edelweiss Mutual Fund House.
2. The fund was launched on Jun 23, 2023.
Investment objective & Benchmark
1. The investment objective of the fund is that " The Scheme seeks to provide the investors an opportunity to invest in an actively managed portfolio of multiple asset classes. "
2. It is benchmarked against Domestic Price of Silver.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around -0.17% in equities, 50.04% in debts and 58.86% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 20.15% of the assets, the top 3 sectors constitute around 0.0% of the assets.
3. The fund largely follows a Blend oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Edelweiss Multi Asset Allocation Fund Direct - IDCW
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Edelweiss Multi Asset Allocation Fund Direct - IDCW
- Is it safe to invest in Edelweiss Multi Asset Allocation Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Edelweiss Multi Asset Allocation Fund - Direct Plan comes under Low risk category.
- What is the category of Edelweiss Multi Asset Allocation Fund - Direct Plan?Edelweiss Multi Asset Allocation Fund - Direct Plan belongs to the Hybrid : Multi Asset Allocation category of funds.
- How Long should I Invest in Edelweiss Multi Asset Allocation Fund - Direct Plan?The suggested investment horizon of investing into Edelweiss Multi Asset Allocation Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Edelweiss Multi Asset Allocation Fund - Direct Plan?The Edelweiss Multi Asset Allocation Fund - Direct Plan is managed by Bhavesh Jain (Since Jun 05, 2023) , Bharat Lahoti (Since Jun 05, 2023) , Rahul Dedhia (Since Jul 01, 2024) , Amit Vora (Since Jul 01, 2024) and Pranavi Kulkarni (Since Aug 01, 2024).
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