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Edelweiss Exchange Traded Fund-Nifty Bank


1 Lakh

Investment Grown to
₹ 1.68 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.39 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 -1.79 -0.83 -1.58 -1.72 8.94 2.96 15.27 18.83 -- -- --
Equity: Sectoral-Banking -0.72 -0.65 -0.56 -0.71 9.88 2.69 13.73 13.99 -- -- --
Rank within category 19 20 21 18 16 12 10 5 -- -- --
Number of funds in category 23 23 23 23 22 19 18 17 12 10 8

As on 17-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week -- ( - ) -- ( - )
Month 15.65 (29-Feb-2016 - 30-Mar-2016) -12.87 (25-Jan-2016 - 25-Feb-2016)
Quarter 27.97 (25-Feb-2016 - 26-May-2016) -14.72 (04-Jun-2019 - 03-Sep-2019)
Year 52.45 (24-Feb-2016 - 23-Feb-2017) -3.83 (21-Aug-2018 - 22-Aug-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 21.10 17.56 0.88 1.30 0.97 0.44
Equity: Sectoral-Banking 16.74 19.68 0.65 0.90 0.99 -4.29
Rank within category 3 8 5 3 8 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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 98.50
Top 5 Stocks (%) 85.81
Top 3 Sectors (%) 99.85
Portfolio P/B Ratio 2.36
Portfolio P/E Ratio 41.45

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,96,619 2,19,717
Giant (%) 85.94 74.25
Large (%) 9.51 11.49
Mid (%) 4.55 11.74
Small (%) -- 4.33
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
up HDFC Bank Financial 29.93 36.99 28.67 28.67
down ICICI Bank Financial 66.86 19.87 14.81 19.87
up Axis Bank Financial 46.94 14.47 7.31 13.39
down Kotak Mahindra Bank Financial 39.46 14.99 11.00 12.80
up State Bank of India Financial 28.05 11.08 7.92 11.08
up Indusind Bank Financial 20.82 8.38 5.67 7.87
up Federal Bank Financial 12.04 2.14 1.21 1.47
up RBL Bank Financial 22.02 2.18 0.00 1.37
up Bank of Baroda Financial 48.53 1.90 0.78 1.08
up Yes Bank Financial -- 6.07 0.77 0.90
up IDFC First Bank Financial -- 0.91 0.00 0.80
equal Punjab National Bank Financial -- 1.46 0.48 0.55

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-Dec-2019

Fund Manager


-0.83%

Change from previous, NAV as on 17-Jan-2020

Growth: ₹ 3,218.5405


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: 17.64%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1 Cr (As on 31-Dec-2019)
Expense: 0.13% (As on 31-Dec-2019)
Risk Grade: --
Return Grade: --
Turnover: --

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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

Evaluating a company's financial health from the Cash Flow Statement

dateSaturday, 25-Jan-2020
time12:30 PM - 01:00 PM