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Unrated

Edelweiss Exchange Traded Fund-Nifty Bank


1 Lakh

Investment Grown to
₹ 1.44 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.97 Lakh

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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 16.85 0.26 -0.11 17.11 25.02 58.08 18.81 12.88 22.14 -- --
S&P BSE Bankex TRI 14.18 0.04 -0.50 15.85 22.48 56.30 17.26 13.05 22.13 -- --
Equity: Sectoral-Banking 16.76 0.37 -0.33 16.43 26.18 52.86 16.72 9.19 18.96 -- --
Rank within category 13 17 10 12 13 8 5 6 3 -- --
Number of funds in category 28 28 28 28 27 24 23 17 17 11 8

As on 25-Feb-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Edelweiss Exchange Traded Fund-Nifty Bank  | Invest Online
Unrated
Dec-15 18.81 12.88 22.14 0.12 1
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 18.30 17.39 25.07 2.30 2,040
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 18.95 14.79 23.35 2.60 581
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 18.26 12.63 21.87 0.18 7,589
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 18.12 12.57 21.92 0.18 6,688

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 17.66 26-May-2020 - 02-Jun-2020 -26.89 16-Mar-2020 - 23-Mar-2020
Month 28.76 22-May-2020 - 23-Jun-2020 -45.81 20-Feb-2020 - 23-Mar-2020
Quarter 48.35 24-Sep-2020 - 24-Dec-2020 -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 9.52 33.43 0.15 0.17 1.00 -0.32
S&P BSE Bankex TRI 9.84 33.35 0.16 0.18 -- --
Equity: Sectoral-Banking 5.91 33.24 0.06 0.04 0.96 -3.71
Rank within category 5 9 7 6 9 7
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-Jan-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 13
Top 10 Stocks (%) 98.15
Top 5 Stocks (%) 87.78
Top 3 Sectors (%) 99.78
Portfolio P/B Ratio 2.00
Portfolio P/E Ratio 24.94

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,93,912 2,20,014
Giant (%) 87.97 76.26
Large (%) 6.97 7.75
Mid (%) 5.06 13.77
Small (%) -- 5.55
Tiny (%) -- --

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 27.88 36.99 25.97 26.82
equal ICICI Bank Financial 28.17 20.28 14.81 19.97
equal Axis Bank Financial 75.56 16.56 7.31 16.56
equal Kotak Mahindra Bank Financial 38.32 16.64 12.19 13.52
equal State Bank of India Financial 15.16 12.50 7.92 10.91
equal Indusind Bank Financial 35.75 8.38 3.51 4.84
equal Bandhan Bank Financial 21.28 2.70 0.00 2.11
equal Federal Bank Financial 11.41 1.69 1.21 1.45
equal IDFC First Bank Financial 85.99 1.00 0.38 1.00
equal RBL Bank Financial 25.05 2.18 0.00 0.97
equal Bank of Baroda Financial 14.44 1.22 0.66 0.82
equal Punjab National Bank Financial 41.23 0.93 0.43 0.81
equal Yes Bank Financial -- 5.78 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 31-Jan-2021

Fund Manager


0.26%

Change from previous, NAV as on 25-Feb-2021

Growth: ₹ 3,683.3628


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 (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Edelweiss Mutual Fund
Launch Date: 15-Dec-2015
Return Since Launch: 16.62%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 1 Cr (As on 31-Jan-2021)
Expense: 0.12% (As on 31-Jan-2021)
Risk Grade: --
Return Grade: --
Turnover: 24.00%

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: http://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

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