Edelweiss Flexi Cap Fund gave 20% returns in five years: Should you invest?
Edelweiss Flexi Cap Fund: The fund prefers businesses with scalability and ability to grow faster than the sector. It is agnostic to any investing style and avoids taking outsized sector bets, macro calls or cash calls. The portfolio is well diver...
By ET Bureau |
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Edelweiss Flexi Cap retains a large-cap bias, with modest presence in mid- and small-caps
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
EDELWEISS FLEXI CAP FUND BASIC FACTS DATE OF LAUNCH 2 MAR 2015 CATEGORY
EQUITY TYPE FLEXI CAP AUM* Rs.2,365 crore BENCHMARK NIFTY 500 TOTAL RETURN INDEX
WHAT IT COSTS NAV** GROWTH OPTION Rs.36.76 IDCW Rs.30.18 MINIMUM INVESTMENT
1.96 EXIT LOAD 1% for redemption within 90 days *AS ON 31 OCT 2024 **AS ON 21 NOV 2024 #AS ON 31 OCT 2024 FUND MANAGER TRIDEEP BHATTACHARYA 3 YEARS
Recent portfolio changes New entrants Bajaj Housing Finance, Havells India, Ipca Laboratories, Lupin, SBI Life Insurance Company (Sep). Escorts Kubota, ICICI Lombard General Insurance Comapny (Oct). Complete exits Aarti Industries, Bharat Petroleum Corporation, CanFin Homes, IndusInd Bank, JB Chemicals & Pharmaceuticals, Voltas (Sep).
Should You Buy? Earlier run as Edelweiss Multi Cap, the fund was repositioned under the flexi-cap category to retain its fluidity in market-cap allocation. It retains a large-cap bias, with modest presence in mid- and small-caps. The fund prefers businesses with scalability and ability to grow faster than the sector. It is agnostic to any investing style and avoids taking outsized sector bets, macro calls or cash calls. The portfolio is well diversified with modest positions in its top bets. The fund has outperformed sharply over the past year, and has fared well in recent years. The fund should do well over market cycles as it shuns any style bias.
