3322.0025
4176.1193
1
1 Lakh
Investment Grown to₹ 10000
Monthly SIP Grown toSuitability:
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 flexi-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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Edelweiss Exchange Traded Fund-Nifty Bank | -4.73 | 1.47 | 2.70 | -1.68 | -4.83 | -2.98 | -2.68 | 3.26 | 7.62 | -- | -- |
| S&P BSE Bankex TRI | -3.75 | 1.30 | 2.48 | -2.29 | -4.27 | -1.78 | -1.14 | 4.35 | 8.16 | -- | -- |
| Equity: Sectoral-Banking | -6.60 | 1.52 | 2.89 | -1.47 | -5.78 | -5.00 | -4.56 | 2.34 | 4.73 | -- | -- |
| Rank within category | 3 | 23 | 23 | 15 | 3 | 3 | 4 | 9 | 2 | -- | -- |
| Number of funds in category | 31 | 33 | 33 | 33 | 33 | 31 | 28 | 18 | 17 | 15 | 9 |
As on 24-Jun-2022
| 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 | Dec-15 | -2.68 | 3.26 | 7.62 | 0.05% | 1 | |
| SBI Banking & Financial Services Fund - Regular Plan | Invest Online |  |
Feb-15 | -6.60 | 5.73 | 9.83 | 1.94% | 3,237 |
| Sundaram Financial Services Opportunities Fund - Regular Plan |  |
Jun-08 | -4.91 | 6.60 | 7.18 | 2.72% | 513 |
| Invesco India Financial Services Fund | Invest Online | |
Jul-08 | -8.47 | 4.31 | 6.54 | 2.51% | 410 |
| Nippon India ETF Bank BeES | Invest Online | May-04 | -2.88 | 2.91 | 7.36 | 0.19% | 9,431 |
| 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 | 102.23 | 22-May-2020 - 24-May-2021 | -45.15 | 27-May-2019 - 26-May-2020 |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Edelweiss Exchange Traded Fund-Nifty Bank | 10.04 | 33.08 | 0.20 | 0.24 | 1.01 | -1.01 |
| S&P BSE Bankex TRI | 10.95 | 32.61 | 0.23 | 0.28 | -- | -- |
| Equity: Sectoral-Banking | 8.84 | 32.57 | 0.18 | 0.20 | 0.96 | -1.78 |
| Rank within category | 7 | 11 | 9 | 7 | 12 | 9 |
| Number of funds in category | 18 | 18 | 18 | 18 | 18 | 18 |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on 31-May-2022
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| Number of Stocks | 13 |
| Top 10 Stocks (%) | 97.19 |
| Top 5 Stocks (%) | 84.30 |
| Top 3 Sectors (%) | 99.01 |
| Portfolio P/B Ratio | 2.03 |
| Portfolio P/E Ratio | 17.78 |
| Fund | Category | |
|---|---|---|
| Average Mkt Cap (Rs Cr) | 3,44,476 | 2,55,966 |
| Giant (%) | 85.14 | 73.45 |
| Large (%) | 8.97 | 12.30 |
| Mid (%) | 5.89 | 11.83 |
| Small (%) | -- | 4.70 |
| Tiny (%) | -- | -- |
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| Company | Sector | P/E | 3Y High | 3Y Low | % Assets | |
|---|---|---|---|---|---|---|
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HDFC Bank | Financial | 19.76 | 32.83 | 25.97 | 27.39 |
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ICICI Bank | Financial | 19.77 | 23.55 | 18.20 | 23.55 |
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Kotak Mahindra Bank | Financial | 27.88 | 16.64 | 11.17 | 12.20 |
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State Bank of India | Financial | 11.46 | 13.83 | 9.28 | 10.64 |
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Axis Bank | Financial | 13.79 | 16.56 | 10.52 | 10.52 |
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Indusind Bank | Financial | 13.02 | 7.87 | 3.51 | 5.28 |
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AU Small Finance Bank | Financial | 34.36 | 2.74 | 0.00 | 2.44 |
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Bandhan Bank | Financial | 366.41 | 2.70 | 0.00 | 1.95 |
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Bank of Baroda | Financial | 6.58 | 1.84 | 0.00 | 1.65 |
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The Federal Bank | Financial | 9.54 | 1.93 | 1.29 | 1.57 |
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IDFC First Bank | Financial | 145.24 | 1.53 | 0.63 | 1.00 |
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Punjab National Bank | Financial | 8.43 | 1.18 | 0.43 | 0.82 |
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Yes Bank | Financial | 30.02 | 1.58 | 0.00 | 0.00 |
Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 31-May-2022
— Bhavesh Jain since 14-Dec-2015
Education: Mr. Jain is a MMS (Finance) from Mumbai University.
Experience: Prior to joining Edelweiss Mutual Fund he was previously associated with Edelweiss Securities Limited as SGX Nifty Arbitrage Trader.
Funds Managed:
— Bharat Lahoti since 01-Oct-2021
Education: Mr. Lahoti is a B.E. (Electronics & Communication) from Mumbai University and MMS (Finance) from N L Dalmia Institute of Management Studies
Experience: Prior to joining Edelweiss Asset Management Limited as a Fund Manager - Equity and a Key Person , he was associated with D.E. Shaw India Software Pvt. Ltd. as a Senior Manager - Fundamental Research and has an overall work experience of 9 years in the research function of organizations in the financial services sector.
Interviews:
Funds Managed:
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty Bank Index subject to tracking errors.
| Min. Investment (₹) | 5,000 |
| Min. Addl Investment (₹) | 500 |
| Min. SIP Investment (₹) | 500 |
| Min. No of Cheques | 12 |
| Min. Withdrawal (₹) | 500 |
| Min. Balance (₹) | -- |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
| Fund House: | Edelweiss Mutual Fund |
| Launch Date: | 15-Dec-2015 |
| Return Since Launch: | 11.79% |
| Benchmark: | NIFTY Bank TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | ₹ 1 Cr (As on 31-May-2022) |
| Expense: | 0.05% (As on 31-May-2022) |
| Risk Grade: | -- |
| Return Grade: | -- |
| Turnover: | 16.00% |
Fund News - 24-May-2016
AMC: Edelweiss Asset Management Ltd.
Address: Edelweiss House Off C.S.T. Road, Kalina Mumbai - 400098
Phone: +91 22 4093 3400
Fax: +91 22-40979878
Website: http://www.edelweissmf.com
Registrar & Transfer Agent: KFin Technologies 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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Fri, 01-Jul-2022
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