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Edelweiss Exchange Traded Fund-Nifty Bank


1 Lakh

Investment declined to
₹ 0.83 Lakh

₹ 10000

Monthly SIP Declined to
₹ 2.62 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -40.57 0.66 11.65 -10.37 -34.41 -40.16 -38.80 -6.17 -- -- --
S&P BSE Bankex TRI -39.63 0.52 11.18 -10.47 -33.75 -38.83 -37.01 -5.51 -- -- --
Equity: Sectoral-Banking -39.63 0.93 9.64 -9.85 -33.64 -39.28 -38.07 -9.50 -- -- --
Rank within category 14 19 7 15 13 13 9 7 -- -- --
Number of funds in category 23 23 23 23 23 23 18 17 15 10 8

As on 29-May-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 12.13 (19-Sep-2019 - 26-Sep-2019) -26.89 (16-Mar-2020 - 23-Mar-2020)
Month 18.41 (24-Mar-2020 - 23-Apr-2020) -45.81 (20-Feb-2020 - 23-Mar-2020)
Quarter 27.97 (25-Feb-2016 - 26-May-2016) -48.15 (23-Dec-2019 - 23-Mar-2020)
Year 52.45 (24-Feb-2016 - 23-Feb-2017) -45.15 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -1.75 28.66 -0.25 -0.25 1.00 -0.62
S&P BSE Bankex TRI -1.12 28.56 -0.23 -0.23 -- --
Equity: Sectoral-Banking -5.63 29.31 -0.35 -0.41 0.98 -4.67
Rank within category 6 7 5 5 9 5
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-May-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 13
Top 10 Stocks (%) 98.54
Top 5 Stocks (%) 89.55
Top 3 Sectors (%) 99.75
Portfolio P/B Ratio 1.63
Portfolio P/E Ratio 36.10

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,18,447 1,64,903
Giant (%) 89.77 74.89
Large (%) 1.62 7.59
Mid (%) 7.68 14.71
Small (%) 0.92 3.43
Tiny (%) -- 0.73

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 19.87 36.99 28.67 30.72
equal ICICI Bank Financial 22.94 20.28 14.81 20.12
equal Kotak Mahindra Bank Financial 28.77 15.91 11.14 14.82
equal Axis Bank Financial 60.43 14.47 7.31 13.13
equal State Bank of India Financial 10.76 12.50 7.92 10.76
equal Indusind Bank Financial 6.38 8.38 3.51 4.15
equal Bandhan Bank Financial 12.06 1.62 0.00 1.62
equal Federal Bank Financial 5.88 2.14 1.21 1.43
equal RBL Bank Financial 13.18 2.18 0.00 0.92
equal Bank of Baroda Financial -- 1.67 0.78 0.87
equal IDFC First Bank Financial -- 0.80 0.38 0.67
equal Punjab National Bank Financial -- 1.46 0.43 0.54
equal Yes Bank Financial -- 6.07 0.00 0.00

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2020

Fund Manager


0.66%

Change from previous, NAV as on 29-May-2020

Growth: ₹ 1,947.5177


Investment Strategy

The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty Bank Index subject to tracking errors.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 500
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum Balance (₹) --
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 15-Dec-2015
Return Since Launch: 3.71%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1 Cr (As on 30-Apr-2020)
Expense: 0.12% (As on 30-Apr-2020)
Risk Grade: --
Return Grade: --
Turnover: 23.00%

Contact Information

AMC: Edelweiss Asset Management Ltd.

Address: 801- 802 & 803 - 8th Floor, Windsor Off C.S.T. Road, Kalina-Santacruz (E), Mumbai - 400098

Phone: 40933400 / 1800-425-0090

Email: [email protected]

Website: www.edelweissmf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Shop for value or hold cash

dateFriday, 12-Jun-2020
time12:30 PM - 01:00 PM