Direct
NAV (05-Sep-24)
₹11.900.41%1D
Returns (Since Inception)
19.01%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹593 Cr
Expense Ratio
0.58%
ISIN
INF754K01SK3
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
05 Mar 2024
About this fund
This fund has been in existence for 6 months and 2 days, having been launched on 05-Mar-24.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹11.90, Assets Under Management (AUM) of 592.62 Crores, and an expense ratio of 0.58%.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹11.90, Assets Under Management (AUM) of 592.62 Crores, and an expense ratio of 0.58%.
- Edelweiss Technology Fund Direct Growth has given a CAGR return of 19.01% since inception.
- The fund's asset allocation comprises around 97.45% in equities, 0.00% in debts, and 2.55% in cash & cash equivalents.
- You can start investing in Edelweiss Technology Fund Direct Growth with a SIP of ₹100 or a Lumpsum investment of ₹100.
Performance against Category Average
In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.
Since Inception
+19.01%
— (Cat Avg.)
Portfolio Summaryas of 31st July 2024
| Equity | ₹577.52 Cr | 97.45% |
| Others | ₹15.1 Cr | 2.55% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Infosys Ltd | Equity | ₹56.97 Cr | 9.61% |
| Bharti Airtel Ltd | Equity | ₹51.09 Cr | 8.62% |
| Apple Inc | Equity | ₹31.54 Cr | 5.32% |
| Microsoft Corp | Equity | ₹28.57 Cr | 4.82% |
| Tech Mahindra Ltd | Equity | ₹27.68 Cr | 4.67% |
| NVIDIA Corp | Equity | ₹25.1 Cr | 4.23% |
| Zomato Ltd | Equity | ₹22.97 Cr | 3.88% |
| Tata Consultancy Services Ltd | Equity | ₹22.19 Cr | 3.74% |
| HCL Technologies Ltd | Equity | ₹19.25 Cr | 3.25% |
| Persistent Systems Ltd | Equity | ₹19.19 Cr | 3.24% |
| PB Fintech Ltd | Equity | ₹17.91 Cr | 3.02% |
| LTIMindtree Ltd | Equity | ₹17.89 Cr | 3.02% |
| Mphasis Ltd | Equity | ₹16.81 Cr | 2.84% |
| Coforge Ltd | Equity | ₹14.91 Cr | 2.52% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹14.25 Cr | 2.40% |
| Cyient Ltd | Equity | ₹14.2 Cr | 2.40% |
| Zensar Technologies Ltd | Equity | ₹12.32 Cr | 2.08% |
| JSW Energy Ltd | Equity | ₹11.36 Cr | 1.92% |
| Dixon Technologies (India) Ltd | Equity | ₹11.09 Cr | 1.87% |
| TeamLease Services Ltd | Equity | ₹10.33 Cr | 1.74% |
| Birlasoft Ltd | Equity | ₹9.04 Cr | 1.53% |
| Tata Motors Ltd | Equity | ₹8.65 Cr | 1.46% |
| Larsen & Toubro Ltd | Equity | ₹8.63 Cr | 1.46% |
| Cyient DLM Ltd | Equity | ₹7.62 Cr | 1.29% |
| ABB India Ltd | Equity | ₹7.51 Cr | 1.27% |
| Oracle Financial Services Software Ltd | Equity | ₹7.46 Cr | 1.26% |
| Tejas Networks Ltd | Equity | ₹7.3 Cr | 1.23% |
| KPIT Technologies Ltd | Equity | ₹7.12 Cr | 1.20% |
| Broadcom Inc | Equity | ₹7.05 Cr | 1.19% |
| Sona BLW Precision Forgings Ltd | Equity | ₹7.03 Cr | 1.19% |
| Home First Finance Co India Ltd --- | Equity | ₹6.86 Cr | 1.16% |
| Data Patterns (India) Ltd | Equity | ₹6.52 Cr | 1.10% |
| Tata Communications Ltd | Equity | ₹6.46 Cr | 1.09% |
| Rategain Travel Technologies Ltd | Equity | ₹5 Cr | 0.84% |
| TBO Tek Ltd | Equity | ₹3.06 Cr | 0.52% |
| Adobe Inc | Equity | ₹2.44 Cr | 0.41% |
| Salesforce Inc | Equity | ₹2.38 Cr | 0.40% |
| Advanced Micro Devices Inc | Equity | ₹2.14 Cr | 0.36% |
| Oracle Corp | Equity | ₹2.13 Cr | 0.36% |
| Accenture PLC Class A | Equity | ₹2.09 Cr | 0.35% |
| Qualcomm Inc | Equity | ₹1.85 Cr | 0.31% |
| Texas Instruments Inc | Equity | ₹1.74 Cr | 0.29% |
| Intuit Inc | Equity | ₹1.71 Cr | 0.29% |
| Cisco Systems Inc | Equity | ₹1.7 Cr | 0.29% |
| ServiceNow Inc | Equity | ₹1.64 Cr | 0.28% |
| International Business Machines Corp | Equity | ₹1.64 Cr | 0.28% |
| Applied Materials Inc | Equity | ₹1.64 Cr | 0.28% |
| Intel Corp | Equity | ₹1.24 Cr | 0.21% |
| Micron Technology Inc | Equity | ₹1.13 Cr | 0.19% |
| Lam Research Corp | Equity | ₹1.12 Cr | 0.19% |
| Analog Devices Inc | Equity | ₹1.08 Cr | 0.18% |
| KLA Corp | Equity | ₹1.05 Cr | 0.18% |
| Palo Alto Networks Inc | Equity | ₹1.01 Cr | 0.17% |
| Net Receivables/(Payables) | Cash - Collateral | ₹0.85 Cr | 0.14% |
| Synopsys Inc | Equity | ₹0.82 Cr | 0.14% |
| Arista Networks Inc | Equity | ₹0.8 Cr | 0.14% |
| Amphenol Corp Class A | Equity | ₹0.73 Cr | 0.12% |
| Cadence Design Systems Inc | Equity | ₹0.69 Cr | 0.12% |
| NXP Semiconductors NV | Equity | ₹0.63 Cr | 0.11% |
| Motorola Solutions Inc | Equity | ₹0.62 Cr | 0.10% |
| Roper Technologies Inc | Equity | ₹0.55 Cr | 0.09% |
| Autodesk Inc | Equity | ₹0.52 Cr | 0.09% |
| TE Connectivity Ltd | Equity | ₹0.45 Cr | 0.08% |
| Microchip Technology Inc | Equity | ₹0.43 Cr | 0.07% |
| Monolithic Power Systems Inc | Equity | ₹0.37 Cr | 0.06% |
| Cognizant Technology Solutions Corp Class A | Equity | ₹0.36 Cr | 0.06% |
| Fair Isaac Corp | Equity | ₹0.36 Cr | 0.06% |
| Gartner Inc | Equity | ₹0.36 Cr | 0.06% |
| Fortinet Inc | Equity | ₹0.34 Cr | 0.06% |
| HP Inc | Equity | ₹0.31 Cr | 0.05% |
| ON Semiconductor Corp | Equity | ₹0.31 Cr | 0.05% |
| Corning Inc | Equity | ₹0.3 Cr | 0.05% |
| CDW Corp | Equity | ₹0.28 Cr | 0.05% |
| Ansys Inc | Equity | ₹0.26 Cr | 0.04% |
| NetApp Inc | Equity | ₹0.24 Cr | 0.04% |
| Keysight Technologies Inc | Equity | ₹0.23 Cr | 0.04% |
| Hewlett Packard Enterprise Co | Equity | ₹0.22 Cr | 0.04% |
| Western Digital Corp | Equity | ₹0.2 Cr | 0.03% |
| Seagate Technology Holdings PLC | Equity | ₹0.2 Cr | 0.03% |
| PTC Inc | Equity | ₹0.19 Cr | 0.03% |
| Teledyne Technologies Inc | Equity | ₹0.19 Cr | 0.03% |
| VeriSign Inc | Equity | ₹0.16 Cr | 0.03% |
| Accrued Interest | Cash - Collateral | ₹0 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
40.97%
Mid Cap Stocks
20.14%
Small Cap Stocks
13.36%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Technology | ₹394.95 Cr | 66.64% |
| Communication Services | ₹57.55 Cr | 9.71% |
| Industrials | ₹50.24 Cr | 8.48% |
| Consumer Cyclical | ₹38.65 Cr | 6.52% |
| Financial Services | ₹24.77 Cr | 4.18% |
| Utilities | ₹11.36 Cr | 1.92% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
19.66%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.38
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.58
Higher the better
Fund Managers
SK
Sumanta Khan
Since April 2024
Amit Vora
Since March 2024
TB
Trideep Bhattacharya
Since March 2024
RK
Raj Koradia
Since August 2024
Additional Scheme Detailsas of 31st July 2024
ISIN | INF754K01SK3 | Expense Ratio | 0.58% | Exit Load | 1.00% | Fund Size | ₹593 Cr | Age | 05 Mar 2024 | Lumpsum Minimum | ₹100 | Fund Status | Open Ended Investment Company | Benchmark | BSE TECK TR INR |
Investment Objective
To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.
Tax Treatment
Capital Gains Taxation:
- If units are sold after 1 year from the date of investment: Gains up to INR 1.25 lakh in a financial year are exempt from tax. Any gains exceeding INR 1.25 lakh are taxed at a rate of 12.5%.
- If units are sold within 1 year from the date of investment: The entire amount of gain is taxed at a rate of 20%.
- Holding the units: No tax is applicable as long as you continue to hold the units.
Dividend Taxation:
Dividends are added to the investor’s income and taxed according to their respective tax slabs. Additionally, if an investors dividend income exceeds INR 5,000 in a financial year, the fund house deducts a 10% Tax Deducted at Source (TDS) before distributing the dividend.
Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.
Similar Sector - Technology Funds
| Fund name | Expense Ratio | Exit Load | Fund size | 1Y  |
|---|---|---|---|---|
| Kotak Nifty IT ETF Very High Risk | 0.2% | - | ₹268.20 Cr | 33.1% |
| Aditya Birla Sun Life Nifty IT ETF Very High Risk | 0.2% | - | ₹86.13 Cr | 33.8% |
| Axis NIFTY IT ETF Very High Risk | 0.2% | - | ₹154.06 Cr | 34.0% |
| ICICI Prudential Technology Regular Growth Very High Risk | 1.7% | 1.0% | ₹13422.37 Cr | 38.2% |
| Franklin India Technology Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1774.27 Cr | 45.6% |
| Nippon India ETF Nifty IT Very High Risk | 0.2% | - | ₹2387.43 Cr | 34.1% |
| Aditya Birla Sun Life Digital India Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹5138.20 Cr | 31.5% |
| Tata Digital India Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹11377.32 Cr | 42.5% |
| Tata Digital India Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹11377.32 Cr | 44.4% |
| Franklin India Technology Fund Direct Growth Very High Risk | 1.1% | 1.0% | ₹1774.27 Cr | 47.0% |
Risk Level
Your principal amount will be at Very High Risk
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Still got questions?
We're here to help.
What is the current NAV of Edelweiss Technology Fund Direct Growth?
The NAV of Edelweiss Technology Fund Direct Growth, as of 05-Sep-2024, is ₹11.90.
What is the portfolio composition of Edelweiss Technology Fund Direct Growth?
The fund's allocation of assets is distributed as 97.45% in equities, 0.00% in bonds, and 2.55% in cash and cash equivalents.
Who manages the Edelweiss Technology Fund Direct Growth?
The fund managers responsible for Edelweiss Technology Fund Direct Growth are:-
- Sumanta Khan
- Amit Vora
- Trideep Bhattacharya
- Raj Koradia
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.
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Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.