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
Dividends
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| 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 (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) |
| 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
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| 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 |
| 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 (%) | -- | -- |
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| Company | Sector | P/E | 3Y High | 3Y Low | % Assets | |
|---|---|---|---|---|---|---|
|
HDFC Bank | Financial | 29.93 | 36.99 | 28.67 | 28.67 |
|
ICICI Bank | Financial | 66.86 | 19.87 | 14.81 | 19.87 |
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Axis Bank | Financial | 46.94 | 14.47 | 7.31 | 13.39 |
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Kotak Mahindra Bank | Financial | 39.46 | 14.99 | 11.00 | 12.80 |
|
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State Bank of India | Financial | 28.05 | 11.08 | 7.92 | 11.08 |
|
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Indusind Bank | Financial | 20.82 | 8.38 | 5.67 | 7.87 |
|
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Federal Bank | Financial | 12.04 | 2.14 | 1.21 | 1.47 |
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RBL Bank | Financial | 22.02 | 2.18 | 0.00 | 1.37 |
|
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Bank of Baroda | Financial | 48.53 | 1.90 | 0.78 | 1.08 |
|
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Yes Bank | Financial | -- | 6.07 | 0.77 | 0.90 |
|
|
IDFC First Bank | Financial | -- | 0.91 | 0.00 | 0.80 |
|
Punjab National Bank | Financial | -- | 1.46 | 0.48 | 0.55 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-Dec-2019
— Bhavesh Jain since 14-Dec-2015
Education: Mr. Jain is a MMS (Finance) from Mumbai University.
Experience: He brings considerable experience in Equity Markets to Edelweiss Securities Limited.
Funds Managed:
— Hardik Verma since 27-Sep-2019
Education: Mr. Verma is MBA & has done CFA Level 3.
Experience: Prior to joining Edelweiss Mutual Fund, he has worked with ICICI Securities.
Funds Managed:
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The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty Bank Index subject to tracking errors.
| 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 |
| 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: | -- |
Fund News - 24-May-2016
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
Saturday, 25-Jan-2020
12:30 PM - 01:00 PM