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Edelweiss Technology Fund Direct Growth
EquitySector - TechnologyVery High Risk
Direct
NAV (19-Nov-24)
₹11.900.68%1D
Returns (Since Inception)
19.03%
Rated ★4.5+ on 
Fund Overview
Fund Size
₹647 Cr
Expense Ratio
0.56%
ISIN
INF754K01SK3
Minimum SIP
₹100
Exit Load
1.00%
Inception Date
05 Mar 2024
About this fund
This fund has been in existence for 8 months and 17 days, having been launched on 05-Mar-24.
As of 19-Nov-24, it has a Net Asset Value (NAV) of ₹11.90, Assets Under Management (AUM) of 646.59 Crores, and an expense ratio of 0.56%.
As of 19-Nov-24, it has a Net Asset Value (NAV) of ₹11.90, Assets Under Management (AUM) of 646.59 Crores, and an expense ratio of 0.56%.
- Edelweiss Technology Fund Direct Growth has given a CAGR return of 19.03% since inception.
- The fund's asset allocation comprises around 97.04% in equities, 0.00% in debts, and 2.96% 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
+19.03%
— (Cat Avg.)
Portfolio Summaryas of 31st October 2024
| Equity | ₹627.45 Cr | 97.04% |
| Others | ₹19.14 Cr | 2.96% |
Top Holdings
All Holdings
Equity
Debt & Others
| Name | Type  | Amount | Holdings |
|---|---|---|---|
| Bharti Airtel Ltd | Equity | ₹57.46 Cr | 8.89% |
| Infosys Ltd | Equity | ₹55.46 Cr | 8.58% |
| Apple Inc | Equity | ₹32.21 Cr | 4.98% |
| HCL Technologies Ltd | Equity | ₹30.89 Cr | 4.78% |
| Tech Mahindra Ltd | Equity | ₹30.53 Cr | 4.72% |
| NVIDIA Corp | Equity | ₹28.59 Cr | 4.42% |
| Microsoft Corp | Equity | ₹27.87 Cr | 4.31% |
| Zomato Ltd | Equity | ₹24.2 Cr | 3.74% |
| Coforge Ltd | Equity | ₹24 Cr | 3.71% |
| Persistent Systems Ltd | Equity | ₹23.28 Cr | 3.60% |
| PB Fintech Ltd | Equity | ₹22.9 Cr | 3.54% |
| Clearing Corporation Of India Ltd. | Cash - Repurchase Agreement | ₹21.24 Cr | 3.28% |
| Tata Consultancy Services Ltd | Equity | ₹20.08 Cr | 3.11% |
| LTIMindtree Ltd | Equity | ₹19.79 Cr | 3.06% |
| Mphasis Ltd | Equity | ₹18.53 Cr | 2.87% |
| Cyient Ltd | Equity | ₹16.58 Cr | 2.56% |
| Dixon Technologies (India) Ltd | Equity | ₹12.88 Cr | 1.99% |
| TeamLease Services Ltd | Equity | ₹12.46 Cr | 1.93% |
| Zensar Technologies Ltd | Equity | ₹10.93 Cr | 1.69% |
| Birlasoft Ltd | Equity | ₹10.64 Cr | 1.65% |
| JSW Energy Ltd | Equity | ₹10.6 Cr | 1.64% |
| Sona BLW Precision Forgings Ltd | Equity | ₹8.89 Cr | 1.38% |
| Larsen & Toubro Ltd | Equity | ₹8.2 Cr | 1.27% |
| Tejas Networks Ltd | Equity | ₹7.89 Cr | 1.22% |
| Home First Finance Co India Ltd --- | Equity | ₹7.78 Cr | 1.20% |
| Rategain Travel Technologies Ltd | Equity | ₹7.64 Cr | 1.18% |
| Broadcom Inc | Equity | ₹7.48 Cr | 1.16% |
| Oracle Financial Services Software Ltd | Equity | ₹7.36 Cr | 1.14% |
| ABB India Ltd | Equity | ₹7.06 Cr | 1.09% |
| Data Patterns (India) Ltd | Equity | ₹6.39 Cr | 0.99% |
| Tata Motors Ltd | Equity | ₹6.23 Cr | 0.96% |
| Cyient DLM Ltd | Equity | ₹6.09 Cr | 0.94% |
| Tata Communications Ltd | Equity | ₹5.76 Cr | 0.89% |
| KPIT Technologies Ltd | Equity | ₹5.38 Cr | 0.83% |
| TBO Tek Ltd | Equity | ₹4.46 Cr | 0.69% |
| Salesforce Inc | Equity | ₹2.69 Cr | 0.42% |
| Oracle Corp | Equity | ₹2.58 Cr | 0.40% |
| Accenture PLC Class A | Equity | ₹2.19 Cr | 0.34% |
| Advanced Micro Devices Inc | Equity | ₹2.14 Cr | 0.33% |
| Adobe Inc | Equity | ₹2.13 Cr | 0.33% |
| Net Receivables/(Payables) | Cash - Repurchase Agreement | ₹-2.1 Cr | 0.32% |
| Cisco Systems Inc | Equity | ₹1.92 Cr | 0.30% |
| ServiceNow Inc | Equity | ₹1.89 Cr | 0.29% |
| International Business Machines Corp | Equity | ₹1.77 Cr | 0.27% |
| Texas Instruments Inc | Equity | ₹1.74 Cr | 0.27% |
| Qualcomm Inc | Equity | ₹1.67 Cr | 0.26% |
| Intuit Inc | Equity | ₹1.62 Cr | 0.25% |
| Applied Materials Inc | Equity | ₹1.41 Cr | 0.22% |
| Palo Alto Networks Inc | Equity | ₹1.13 Cr | 0.17% |
| Analog Devices Inc | Equity | ₹1.05 Cr | 0.16% |
| Micron Technology Inc | Equity | ₹1.03 Cr | 0.16% |
| Lam Research Corp | Equity | ₹0.91 Cr | 0.14% |
| Arista Networks Inc | Equity | ₹0.9 Cr | 0.14% |
| Intel Corp | Equity | ₹0.87 Cr | 0.13% |
| KLA Corp | Equity | ₹0.85 Cr | 0.13% |
| Amphenol Corp Class A | Equity | ₹0.77 Cr | 0.12% |
| Synopsys Inc | Equity | ₹0.76 Cr | 0.12% |
| Cadence Design Systems Inc | Equity | ₹0.71 Cr | 0.11% |
| Motorola Solutions Inc | Equity | ₹0.7 Cr | 0.11% |
| Autodesk Inc | Equity | ₹0.59 Cr | 0.09% |
| NXP Semiconductors NV | Equity | ₹0.56 Cr | 0.09% |
| Roper Technologies Inc | Equity | ₹0.55 Cr | 0.08% |
| Fortinet Inc | Equity | ₹0.47 Cr | 0.07% |
| Fair Isaac Corp | Equity | ₹0.45 Cr | 0.07% |
| TE Connectivity PLC Registered Shares | Equity | ₹0.44 Cr | 0.07% |
| Gartner Inc | Equity | ₹0.36 Cr | 0.06% |
| Cognizant Technology Solutions Corp Class A | Equity | ₹0.36 Cr | 0.06% |
| Corning Inc | Equity | ₹0.36 Cr | 0.05% |
| Microchip Technology Inc | Equity | ₹0.35 Cr | 0.05% |
| Monolithic Power Systems Inc | Equity | ₹0.33 Cr | 0.05% |
| HP Inc | Equity | ₹0.31 Cr | 0.05% |
| ON Semiconductor Corp | Equity | ₹0.28 Cr | 0.04% |
| Ansys Inc | Equity | ₹0.27 Cr | 0.04% |
| Keysight Technologies Inc | Equity | ₹0.25 Cr | 0.04% |
| CDW Corp | Equity | ₹0.24 Cr | 0.04% |
| NetApp Inc | Equity | ₹0.22 Cr | 0.03% |
| Hewlett Packard Enterprise Co | Equity | ₹0.22 Cr | 0.03% |
| Teledyne Technologies Inc | Equity | ₹0.2 Cr | 0.03% |
| PTC Inc | Equity | ₹0.2 Cr | 0.03% |
| Western Digital Corp | Equity | ₹0.2 Cr | 0.03% |
| Seagate Technology Holdings PLC | Equity | ₹0.2 Cr | 0.03% |
| VeriSign Inc | Equity | ₹0.15 Cr | 0.02% |
| Accrued Interest | Cash - Collateral | ₹0 Cr | 0.00% |
Allocation By Market Cap (Equity)
Large Cap Stocks
41.84%
Mid Cap Stocks
19.95%
Small Cap Stocks
14.05%
Other Allocation
Equity Sector
Debt & Others
| Sector | Amount | Holdings |
|---|---|---|
| Technology | ₹428.48 Cr | 66.27% |
| Communication Services | ₹63.22 Cr | 9.78% |
| Industrials | ₹50.69 Cr | 7.84% |
| Consumer Cyclical | ₹43.79 Cr | 6.77% |
| Financial Services | ₹30.68 Cr | 4.74% |
| Utilities | ₹10.6 Cr | 1.64% |
Risk & Performance Ratios
Standard Deviation
This fund
--
Cat. avg.
19.99%
Lower the better
Sharpe Ratio
This fund
--
Cat. avg.
0.25
Higher the better
Sortino Ratio
This fund
--
Cat. avg.
0.38
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 October 2024
ISIN INF754K01SK3 | Expense Ratio 0.56% | Exit Load 1.00% | Fund Size ₹647 Cr | Age 8 months | 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:
Dividend Taxation:
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 | 0.1% | - | ₹189.48 Cr | 32.1% |
| Aditya Birla Sun Life Nifty IT ETF Very High Risk | 0.2% | - | ₹49.34 Cr | 31.8% |
| Axis NIFTY IT ETF Very High Risk | 0.2% | - | ₹168.73 Cr | 31.9% |
| ICICI Prudential Technology Regular Growth Very High Risk | 1.8% | 1.0% | ₹13495.32 Cr | 31.6% |
| Franklin India Technology Fund Regular Growth Very High Risk | 2.1% | 1.0% | ₹1844.85 Cr | 34.1% |
| Nippon India ETF Nifty IT Very High Risk | 0.2% | - | ₹2391.10 Cr | 31.9% |
| Aditya Birla Sun Life Digital India Fund Regular Growth Very High Risk | 1.9% | 1.0% | ₹5046.46 Cr | 23.9% |
| Tata Digital India Fund Regular Growth Very High Risk | 1.7% | 0.0% | ₹11835.20 Cr | 36.4% |
| Tata Digital India Fund Direct Growth Very High Risk | 0.4% | 0.0% | ₹11835.20 Cr | 38.2% |
| Franklin India Technology Fund Direct Growth Very High Risk | 1.0% | 1.0% | ₹1844.85 Cr | 35.5% |
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 19-Nov-2024, is ₹11.90.
What is the portfolio composition of Edelweiss Technology Fund Direct Growth?
The fund's allocation of assets is distributed as 97.04% in equities, 0.00% in bonds, and 2.96% 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, a member of BSE with SEBI Stock Broker Registration no. INZ000303136, 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.