Edelweiss Mutual Fund entered the Mutual Funds industry in 2009, a young player amidst the global economic slowdown. Despite the odds, they navigated challenges and grew steadily.
Here’s a quick timeline of Edelweiss MF:
2009: Launched amid global crisis, showcasing confidence in the Indian market.
2014: Acquired Forefront Capital, India’s first domestic hedge fund.
2016: Acquired JP Morgan AMC’s India business, quadrupling their size.
2019: Managed India’s first corporate bond ETF, “Bharat Bond”.
2020: First AMC to bring MSCI (leading index provider) to India.
2021: Launched India’s first Target Maturity Index Fund.
2023: Crossed an impressive ₹1 lakh crore Assets Under Management (AUM).
Today, Edelweiss offers over 80 funds, manages over ₹1 lakh crore in AUM, and is considered one of the fastest-growing AMCs in India.
Now Edelweiss Mutual Fund is coming with NFO (New Fund Offer) in technology space. This fund aims to RIDE the technology wave in India with 70%-80% exposure to Indian technology companies. And remaing 20%-30% exposure to global technology companies. RIDE here literally means Renewalable, IT, Digital, EMS (Electronic Manufaturing Services). Thus the investment objective of the fund is “To provide long-term capital appreciation by investing predominantly in equity and equity-related securities of technology & technology-related companies.*”.
This fund will be managed by Mr. Trideep Bhattacharya along with Mr. Sahil Shah. Global part of the fund will be handled by Mr. Amit Vora.
Benchmark for the fund is S&P BSE TECk TRI. This benchmark has given a returns of 18.8%, 17.7%, and 12.2% for a period of 1 year, 5 year, and 10 year period. And with 70:30 composition with US Tech bench mark returns for the same period goes to 29.4%, 21.8%, and 15.4%. So the fund belives that the India+US Tech combination has the potential to provide better returns vs a pure India Tech strategy.
NFO of the fund will remain open till 28th of February, 2024. As this is thematic equity oriented fund this fund comes under very high risk category.
To know more about fund check the NFO presentation .
To know if this fund is right fit in your overall wealth building plan, feel free to get in touch with us.
